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Another excellent and positive RNS. I particularly enjoyed a first reading through the summative list of all the boxes which have been ticked by the company over the past few years. Really impressive management and leadership, excellent partners, ongoing encouragement from the Mozambique government, a need for consistent and sustainable power in the north of Mozambique and a clear and viable plan to develop it - what's not to like?

Now being offered 8.053 to sell - recent slight dip is absolutely typical in my experience when there is a lull between news, particularly when there is a feeling that there will be an RNS. I expected one too but not at all bothered that we have not had one this week - perhaps the next one will say that the revised tarriff etc has nit only been submitted for government approval but has been approved. Whatever comes next, and whenever it comes, will in my view be positive so I will just continue to sit and wait for the 7.00am red dot!

Another interesting retweet this morning reported on Twitter which again emphasises that GE are happy to be working with NCCL - the context this time is a conference promoting talented women in business in Mozambique.

Alex Eastham on Twitter has just scanned what would appear to be the first public mention on social media by GE Africa on their partnership with NCCL with whom they are 'happy to be working'. Everything gradually coming together. Roll on Monday!

Although I was expecting an RNS this morning updating progress I have just reminded myself of the wording of the last project update which stated that 'the next phase of the partner process is to finalise the Financial Model by the end of May'. I assume that has happened and that the market will be informed in due course, perhaps as early as tomorrow. I had the end of May in mind for the RNS but that is of course not what was stated! The RNS on Tuesday was all I needed to be reassured that everything is very definitely on track.

CF73, you are in my view absolutely right to highlight the tone of the wording - clear, precise and very timely. Seems to me to reflect the full confidence of the company in the progress of the negotiations with GE, CMEC and the Mozambique government and almost to assume financial closure as a given. It is probably not quite that definite but everything about the statement, including Michael Haworth not taking up options, smacks of real confidence. Great start to an exciting news period!

Seems to me to be the green light that we are there. I like the fact that over 60% of the options are performance-related and that the assumption in the RNS is that the senior management team are fully committed to achieving full financial closure. I happen to believe that they deserve rewards for deferring salary etc when the company was less certain that there would be the positive outcome we now expect. They believed in their company and their commitment at the time certainly informed my decision to stay invested, and gradually build a bigger position.

Sorry, Revoy, blame Revolt on spellchecker!

Revolt, unlike most AIM boards this one is full of excellent research from CF73, Laxeymouth and others and you would do well just to read through the RNSs for the last 9 months and the comments on the board. There has been very good, measured progress since GE and CMEC approached NCCL to become their partner in the development and management of a combined mine and power station project in the Tete province of Mozambique. We are now waiting three more RNS announcements which will seal the deal and, as there are very few free shares about and most of us on the board are committed LTHs, we are simply waiting for what appears to us to be the inevitable lucrative outcome. Spend the next 48 hours reading and then come to your own decision but do not wait too long as we are expecting the coming week to be really positive. I have won and lost on AIM over the years but never have I been happier with what in my terms is a very significant investment in what I see as a company which is about to be transformed. We have been through good days and bad days but now I do not I just think there is light at the end of the tunnel, I think we are about to emerge from the tunnel! Good luck whatever you decide!

CF73, anytime in fact between Tuesday and Thursday rather than Friday which is 1 June! Only three days from which to choose - I am predicting/guessing Wednesday!

I agree, CF73, more and more new names are gradually appearing so next week will be interesting. Meanwhile today is pretty interesting so far too!

Good morning, I have not posted much recently as I have little to add. Everything is moving forward to what now seems to be the inevitable conclusion to which we have been looking forward for so long. I was really pleased to note that we closed at the highest point on Friday rather than the usual slip back. If we can hold 7p on Monday I think we will soon see the price moving up past 8p as more and more positions are taken prior to the next RNS which I am confident will be issued as promised before the end of May. I have rarely seen such an orderly market for an AIM share - the absorption of the minor fundraising was textbook and on we quietly go. It is an unusual pleasure to look forward to each Monday when the company is on AIM!

I sense increasing excitement and I must confess it is hard to see what can go wrong. Majors at least as keen as NCCL, political and economic sentiment positive, terms of potential JDA more or less agreed, economics of project better than ever. Looking forward to more and more regular updates now, each of which will boost the price. A final comment about the placing - if we had been told only three weeks or so that there was to an a placing at 6.25 we would have been very pleased, given the long months when nothing seemed to be happening and the share price stayed resolutely below 5p apart from the occasional minor and unsustained spikes. Changed days!

All the comments about the dice being loaded against PIs when placings, dilutions etc are planned or announced are absolutely fair but, as I cannot control that sort of behaviour and accept it is part of investing as a PI on AIM, i just get on with it these days. My point was simply that new PIs yesterday will not, in my view, lose out in the medium term and will, I expect, make a good return.

If you are one of those who bought in for the first time yesterday at a price between 8p and 9p you will be feeling sore this morning and perhaps concerned you have made a mistake. LTHs like me can reassure you that you need not worry, you have just been unlucky with the timing of your entry. I have certainly been in that situation on several occasions over the years! However, the story has not changed and the prospects for a JDA and consequential significantly higher price have been enhanced now that working capital has been secured for the next year. Short-term dip, gradual recovery and then onwards and upwards we go. All in my opinion, of course, but I trust someone will find these comments a bit reassuring. I have bought more this morning.

Managed to pick up 65573 at 6.41 which is only.16 more than the placing price so very happy this morning! If you do not like the discounted placing buy now if you have spare cash and share in the excellent opportunity to get some shares on the cheap as we approach the end-game..

One innocent little phrase says it all for me in the RNS. The confidence and certainty of the words 'as it moves towards the conclusion of the Joint Development Agreement with its partners' are striking. We now have 'partners', not potential partners and we are moving 'towards the conclusion' reads to me as a statement of fact and no longer an aspiration. Well done, Hanno and Michael, everything thing seems set fair and I will certainly pick up a few more this morning if we see a temporary dip.

CF73, you are right to emphasise the risk of selling and attempting to buy back but it is worth remembering that there will always be investors who want to mitigate the risk inherent in every AIM share by top-slicing to preserve profits. I actually did that a while ago with a smallish proportion of my NCCL shares in order to buy a quality greenhouse and pay for a family holiday! I still have plenty and am not planning to top-slice again unless something comes up that leads me to decide to take some more profits. I will certainly be here for the endgame!

After a long period of silence from the company at the start of the year we are now receiving regular updates, each couched in calm and understated language which reflects the serious intent of NCCL to achieve the JDA with GE and CMEC. The only comment which seems to be unnecessary but for that reason significant is the statement that they have now gone further along the path to finalisation with their new partners than they ever achieved with SEP. That says it all, we are very much 'game on' and NCCL want shareholders to be aware of that. Risk of final failure continues to diminish very quickly - two majors have worked hard and, if you recall, right up to the wire, to refine and submit their bids and the result is an improved financial model, upgraded technical specifications and proposals for more efficient operational methodology. There seem now to be three companies now actively working together to bring the project to a successful conclusion and I see no reason not to be confident that they will do so. When they do shareholders will be very handsomely rewarded for their patience and belief and, just like CF73 and plenty of others, I am certainly staying fully invested for the rest of the ride.

Eyeguy, thank you for mentioning NCCL as worthy of research all that time ago. I have been buying steadily ever since! As has been said already I was expecting a pull-back prior to the next RNS, as has been the case until now - this pattern has of course presented buying opportunities . I too think tomorrow might be a big day based on the later trades and the fact that the price closed more or less at the day's high.