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Another excellent RNS progress statement this morning - the government is on side and next stop is the JDA which from the wording of the RNS is still likely by the end of March. Really positive - well done to all LTHs for staying with it. The prize will be well worth it!

I agree, Longlad, but perversely that is why I do not think there will be bad news, other than perhaps a further delay. Perhaps not! If there was to be bad news I believe the Nomad would have made sure it was released. I think that all the recent delays simply reflect the pace at which the different branches of the government choose to work and the fact that there have recently been new appointees has not helped. Only my opinion but it makes sense, at least to me!

The frustration expressed by several investors is understandable and it is hard at times like this to remember why most of us are here. I am sure Hanno and Michael are just as frustrated and I trust them to get us to a JDA just as quickly as they can. They cannot, however, pressurise a government committee to go faster than they are willing to go and in the end we have no choice other than to stick it out or sell up. I am sticking in out for the simple reason that nothing I have read in the last 12 months or so has done anything other than to confirm my view, and it is only my view, that I have done the right thing to invest in NCCL. I even sort of understand the rationale behind the timescales regularly announced by Hanno - if he did not commit himself to what the company believes is a reasonable timescale PIs would be demanding a date and yet when he does and then fails to meet it PIs are upset as well!

Anyway, I am still hopeful that we will have a positive RNS tomorrow or Thursday and hopefully a JDA by the end of March. If we don't the option remains to hold or sell. It is all a bit like Brexit when it comes to decisive dates which keep being pushed backwards, Perhaps Hanno is the Mrs May of international business deals!

Thanks for the reminder, so much has happened since we last mentioned this significant sum. I am sure it is very much in the sights of Michael and Hanno. So much to look forward to for everyone associated with or invested in Ncondezi and it is also worth reminding ourselves that those who will benefit most from the start of operations are all those families in Tete who will have reliable source of power for the first time.

Thank you, Wressmycase, for your introductory post on NCCL, I don't know how we survived without your wisdom all these years.

I have stayed confident through all the ups and downs since the SEP days (remember them?) and am not about to lose confidence now. Qu'est sera sera etc and I am happy that Hanno and Michael Howarth are fully focussed on the end game which suddenly does not seem very far away. CF73 and splatted, good to seeyou both posting today, I guess we are three among many looking forward to the next few weeks!

It makes a pleasant change for an RNS announcing a delay, albeit a very short one, to be followed by a gradual rise in the shareprice. No trolls, no 'I told you so', no 'typical Hanno' jibes, perhaps just a quiet realisation that we are incing forward positively towards what I for some time, and certainly in the last few months, see as inevitable.

I am pleased to note that posts today are from fellow-investors who understand the importance of mixing confidence and patience. There are a lot of us about, often quiet but always watching and gradually marking off the milestones towards JDA, followed in due course by financial closure and, just in view on the horizon, the start of production. That seems like a long way off but it is not as long as I have been invested here!

I am very happy with this RNS despite the short delay in finalising the sign-off of the timescale with MIREME. I am very encouraged by the fact that CMEC and GE have now signed and the recent government appointments in my view explain why official signatures are still awaited. Not a problem and no suggestion of concerns about the JDA which is clearly almost ready for signature as well. No doubt there will be the odd deramper about but I am confident most serious investors will see the RNS as an endorsement of their confidence. Hanno cannot make government representatives act faster than they want to act, all he can do is push his own company and encourage his partners to ensure they are not responsible for any delays. Almost there!

The last RNS said they hoped to agree on the timescale this month but that does not automatically mean we will get the RNS tomorrow - I hope we do but will not be terribly surprised if we need to wait a few more days

This is definitely a very positive development - there has been a hiatus in decision-making capabilities until the appointment of the new EDF chief. I know nothing about him but am grateful to coconocchio on Twitter for his research and am happy to share his enthusiastic comments about Aly Impija's appointment. Now for the timescale RNS, expected by the end of the month, followed shortly after by confirmation of the JDA

True, but quiet progress is welcome on a shortened day when it is a surprise to me that the MMs have bothered with NCCL unless the tick up is just down to an algorithm.

TTP, you are right to point out the gentle 6% rise on Friday after the RNS told us that the timescale agreement would take up to four weeks longer than intimated. In the last few months even positive RNSs have been followed by falls so perhaps, just perhaps, the MMs can now see that we are almost within touching distance of the JDA. Looking forward to 2019 (as I was to 2018!).

I categorically do not agree. We were promised an update by the end of the year and at the AGM concerns were raised that promised RNS releases were often late. I was expecting this morning's RNS and, if we had not received it, the conspiracy theorists would have been out in force to trash the company again, I would rather hear that there is a delay of up to a month than to be at the mercy of uninformed posters. I am a 'stars in the eyes' investor trying to push the price up or to ignore any negative news, just a confident holder happy to wait. Today's RNS said nothing material but that is fine with me.

I'm sure you are right, Longlad, but I have learned enough over the years to be content to focus on my own goals. I have neither the time or inclination to try to be a short-term trader and I do not usually believe those who claim always to get it right.

I have, however, continued to buy on the dips and additionally I have sold two tranches at a reasonable profit because I wanted some cash for family priorities. I remember selling c £9K at 9.39p in the summer and being mocked by certain posters who wondered why anyone would be stupid enough to sell when the price was about to skyrocket to 20p, 50p or whatever. I sold more in September for about 7.5 and have kept the rest, over 500,000 of them. I simply decided some time ago to stay with it and to ignore the traders. Having said that it is always good to hear of new investors and, if they manage to buy in at these silly prices, good luck to them. After all, I bought plenty for less than 3p, as well as others at prices up to (ouch!) 10.5p back in the SEP days!

Mike, I am sure you are correct about Michael Haworth, Hanno and their team feeling even more frustrated than we are. The company means a lot to many of i#us in terms of our investment but in reality it is a very small fish which has swallowed a diamond and means a lot less to the big players than we would wish. GE, CMEC, the Mozambiquan authorities and all the various regulatory agencies have many more competing priorities and have no interest in a few weeks' delay, even if we are disappointed on a fairly regular basis.

We were told on more than one occasion that 'This is Africa' and nothing happens timeously. That seems to be true for NCCL but I have complete faith that Hanno and his team, together with their partners, will eventually get us there. There has been no material change, other than the timescale, since most posters were euphoric in the summer. We just have to wait and I am very confident that we will be rewarded for our patience - we are much nearer the end than the beginning!

The 26 November update targeted agreement with Mireme by the end of the year dependent on feedback from the Committee etc so it is good that the company has updated us as promised even though the the timescale has slipped by up to a month. That is not a problem for LTHs and the overall timescale for JDA signing etc remains in place. A good New Year to everyone who shares our journey!

An excellent presentation with no surprises and still stating that the timetable agreement, our next milestone, is due by the end of the year. That would be welcome. All the other target dates remain as they were, next big one being JDA by end of Q1 2019. New potential investors who read the report carefully can't fail to be impressed and meanwhile the rest of us will sit quietly and wait for the share price to reflect the quality of the project and the potential of the company. I wish all fellow-investors and a happy and peaceful New Year.

Yes, Coldspy, we LTHs do exactly that, I topped up again at 5.29 early in the week. The story and prospects have not changed as far as we can see - both remain outstanding and, as long as you are happy to put your trust in a company like NCCL, this is a very good time to top up. Many of us have been here since well before SEP were dropped as a preferred partner in spring 2017 and the price dropped briefly below 2p. I was a bit uneasy then but stayed with it although I did not top up again until the price was above 4p. Since last summer, other than the inevitable delays which temporarily depress sentiment and allow the MMs to shake out weaker holders and make their money, everything is progressing really well and, as far as many of us can tell, the JDA will happen in the next few months.

It is good to see some new posters arriving in recent weeks - if you have just bought in, i would simply say 'Well done' but, as they say, nothing is certain in life except death and taxes.

Agree with others - I too am just watching and waiting. I don't profess to understand why the price has been dropping so sharply other than to agree with posters who suggest that we have plenty of quiet investors but also plenty of traders who simply sell on any news which suggest a delay. The MMs jump on the bandwagon and mark the price down excessively to frighten weaker investors into selling. Not much fun while it happens but nothing substantive has changed and the last RNS was positive in my view. Everything is proceeding as we were promised and I am sure Hanno and his colleagues are as frustrated as we are. I can and will wait.