Member Info for badeli

It is worth remembering that the shareprice on Monday 2 July was only 6.85 and we are now in a much stronger position to revisit 10p+ than we were then, albeit the announcement of the delay was annoying. I am sure that Hanno and his colleagues were even more annoyed but they will understand more than we ever can just how important it is to work in tandem and partnership with the EDF and make sure everything is agreed and approved to their satisfaction - there is no point in trying to force the issue. It is clear that we are now one of a team of three working with the authorities and the presence of GE and CMEC at the workshop is really ressuring and only serves to increase my confidence that yesterday was a blip and nothing more. And of course the fact that we already appear twice in EDF's 10 year plan only serves to emphasise how close we are to tariff approval, signing of JDA and FC - the comment about FC timing in yesterday's RNS was in my view really significant. As I said then every one of NCCL's RNS announcements needs to be read very carefully - I believe they contain 'flashing lights' which are designed to be noted by IIs and PIs alike which are inevitably included as strong hints of what is to come and when.

As always I think NCCL's RNS wordings are very subtle and really important. We are not going to the workshop on our own, we are going with our two major partners who are as committed as we are and who will be at least as keen to reassure their EDF friends that they are ready to go with the JDA. They are clearly comfortable with our plan and with our financial modelling, hence the inclusion of a date for FC and also first power on the grid in line with the EDF's 10 year startegy plan,and in the grand scheme the delay is incidental. It was not long ago we were trying to hold 4p, then 5p then (for seemingly ages!) 6p so another few weeks or so will soon be a distant memory. I suggest everyone reads the words of the RNS very carefully and, as long as you have done research and understand where we are in the process, I am confident that you will note the 'flashing lights' which say that this is very much on. We are investors (at least, most of us are!) and not 'get rich or poor' quick traders!

The key dates to be agreed during the workshop include Financial Close and the date of 'first power on the grid' which seem to me to be very positive signs that progress is good, albeit any delay is naturally always going to be a disappointment. We are obviously part of EDM's future plans given that their strategy paper includes a 300MW coal-fired power plant on the grid by 2023 and that is clearly 'our' plant. All fine for LTHs.

I agree, Mike29, i do not think this is on the radar of the herd. It is not a shooting star but simply a great company which has been gradually making progress towards one magic moment. I do not see it as the sort of company which uniformed daytraders will come across and, as so many of us have been quietly accumulating for some time there is not the chatter normally associated with mining companies. We are not in any case an explorer looking for the pot of gold at the end of the rainbow but potentially a very commercial company with a great product which is needed and will transform lives. Yes, there will be sudden interest when the RNS hits but I do not expect the masses to appear.

My guess is Monday or Tuesday, we are often close to the wire but always worth waiting for!

I take the point about some PIs being shaken out today but there is often more to it than a sudden decision to run for the hills. I am very much a LTH but I sold 75000 today although I still have almost 10 times that number. The batch I sold made me almost 100% profit and I am quite happy with that. I always knew that I would need to generate close to £7000 before the end of the month for a very specific family reason and I chose today because I am not 100% certain that the price will be 10p+ this time next week. I think it will, in fact I am pretty sure it will, but there is always the possibility of a slight delay and a temporary fall in the price before the almost inevitable positive end game. I simply decided on balance to realise some funds because the money is needed. I did not suddenly lose confidence and I remain fully committed and confident.

My comments will not necessarily be relevant to anyone else but I thought it worth sharing them as it is disappointing when generalisations are posted which do not, and cannot, take personal circumstances into account.

Perhaps tomorrow will be the day in which case I will be mildly disappointed by my decision but on balance I am very happy that I have sold about 10% of my holding for an excellent profit!

Last time we reached 9p lots of autmatic sells were triggered - perhaps things have changed now? Offered 9.1p to sell.

Over 9p to sell - excellent start to an exciting week!

Thank you, Laxeymouth, for two fantastic posts. The first reflects very clearly the fact that NCCL has been working hard for several years to build relationships and win hearts and minds in Tete and with the Mozambiquan government. The second emphasises the sheer scale of the coal resource, and the fact it is now so conservatively estimated, and is also a superb reminder of the sheer scale and potential of the resource owned by little NCCL. Excellent reads!

Good afternoon, Eyeguy, good to hear from you. It has been a long wait but next week might just be the one!

The closer we get to the end of the month without news the happier I am. We always seem to wait for each RNS until fairly close to the wire and, as far as I am concerned, silence is golden. The timing reinforces my view that we might get a few pieces of news together, including in principle tariff approval, a signed JDA and perhaps further news about shareholder loan extension. It is very reassuring to know we have GE and CMEC, with all their experience and their commitment to developing power supplies throughout Africa, on our side as I am sure their involvement provides reassurance to the Mozambique government that the developments in Tete province are a win win situation for the country as well as for NCCL and its powerful partners.Have a good weekend.

I have just seen my two buys, and several others, on a Twitter screenshot from NEX, not sure what the point is of 'hiding' them if that is what is happening.

The retweet by GE this morning convinced me yet again to sell another holding and buy even more NCCL - a total of 50297 in two tranches. More exciting by the day and all the stars seem to be aligning!

Let's hope for another highest finish of 2018 today, over 9p woukd be fantastic as we wait for the RNS to arrive - I am beginning to wonder if tariff news is going to be wrapped up with the JDA announcement.

Really looking forward to the next week or two - the signs are all so positive. The price has been walked down in recent weeks in order, I assume, to frighten weak holders into selling but all LTHs knew we would have a day like Friday which would return the price to somewhere close to previous highs before our long awaited newsflow really hots up. Tomorrow might be a really exciting day but, if not, it can only be a matter of a few days before we hear positive news about the tariff and a few weeks at the most before we hear the JDA has been signed.

Scott Fletcher's purchase proved to be a catalyst and, looking at his background, he is quite clearly a serious guy and a serious investor. All I have in common with him, TTP (since you ask!) is an MBE!

Having made quite a good profit earlier in the year before selling out, I am now back in with a purchase this morning of £3000. really interesttng developments in the last couple of months and looking forward to the exciting times to come.

Excellent to note this retweet this morning by GE Africa of a tweet by RM (aka The Ramp Machine):

.'@GE_Africa the work you’re doing in Africa is a testament to yourselves. I look forward to seeing your progress in Tete, Mozambique in due course. #cleancoal #power'.

I don't think they would have retweeted unless they were 100% committed to their partnership with NCCL in Tete province and 100% sure it will be going ahead. Could be news next week as we approach the end of June and hopefully find out how the tariff proposals are going/have gone. We are also likely to have a final results RNS which will make good reading and then we will be in July and counting down to the big announcement. I appreciate the alternative views that we might have months to wait before JVA confirmation but, having spent several hours yesterday rereading and thinking about all that has been said in RNS announcements, podcasts etc I am firmly of the view that the timescale we are hoping for will be met in terms of announcements.

Interesting summary in a publication which has nothing to do with investment, bulletin boards etc. A simple statement of fact although based of course on an RNS. The article reads as though the NCCL Tete project is well-known in the world of engineering and as such a short update on what will, rather than might, happen next seems appropriate to the reporter and is reassuring to at least one PI!

On 3 May the Project Update included the sentence 'The Financial Model is currently under review by potential partners'. No formal announcement has been made since and today's RNS also twice refers to potential partners which is what GE and CMEC will be until the JVA is signed. However, in the Vox Market interview Hanno talks about NCCL'S partners with no mention of them being potential partners only. I would not want to read too much into this but it reinforces my view that all three companies see themselves as partners and are working as a team. If true, that must be a real positive and I am sure such close alignment will also be noted by the government as a positive.

Mozambique government will accept revised financial modal and tariff, probably by the end of June, JDA will be signed by end of July and financial closure in autumn. If anything can be seen as guaranteed on AIM this is it but in the end only death and taxes are really guaranteed. Read the RNS announcements since May 2107 and also read this board - virtually everyone who posts is experienced, factual and genuinely excited. The most advanced coal to pwer play in Africa, fantastic partners and a world-class asset....and superb management. However, DYOR but do it fast if you are not yet a holder.