Member Info for badeli

Sorry, no idea why my post appeared three times!!

Having read this morning's RNS carefully I believe the words chosen are significant. It states that he bids were received on the '23 April deadline'. This suggests to me that GE/CMEC were working hard right up to the wire and demonstrates not only their commitment to a deal but also their wish to fit in with the deadline imposed by a tiny company. I find that interesting as majors often drag their feet and 'force' smaller companies to fit in with their timescales. On this occasion NCCL seem to be holding cards that the majors really want. The bids are 'currently under review by Ncondezi' which to me is an indication that everyone is pushing for a speedy conclusion and that NCCL have begun work immediately after receiving the bids - I can imagine them sitting waiting for them and then setting to work. Reading the final paragraphs i think we should temper our expectations as to the timing of the next RNS. NCCL are in new territory and I imagine they are not sure how long their review will take, hence the comment that the review is 'targeted for completion by the end of May 2018' - that is an expectation, not a firm commitment which in my view is reinforced by the comment that an 'update will be provided to shareholders at the appropriate time'. 'Appropriate' has in my view been used deliberately as it can mean whatever NCCL want it to mean! Fine by me, I trust them to release news when they have something to say. I interpret the RNS as a very positive update, very well-crafted and indicative that we are closing in on a prize well worth waiting for.

Having read this morning's RNS carefully I believe the words chosen are significant. It states that he bids were received on the '23 April deadline'. This suggests to me that GE/CMEC were working hard right up to the wire and demonstrates not only their commitment to a deal but also their wish to fit in with the deadline imposed by a tiny company. I find that interesting as majors often drag their feet and 'force' smaller companies to fit in with their timescales. On this occasion NCCL seem to be holding cards that the majors really want. The bids are 'currently under review by Ncondezi' which to me is an indication that everyone is pushing for a speedy conclusion and that NCCL have begun work immediately after receiving the bids - I can imagine them sitting waiting for them and then setting to work. Reading the final paragraphs i think we should temper our expectations as to the timing of the next RNS. NCCL are in new territory and I imagine they are not sure how long their review will take, hence the comment that the review is 'targeted for completion by the end of May 2018' - that is an expectation, not a firm commitment which in my view is reinforced by the comment that an 'update will be provided to shareholders at the appropriate time'. 'Appropriate' has in my view been used deliberately as it can mean whatever NCCL want it to mean! Fine by me, I trust them to release news when they have something to say. I interpret the RNS as a very positive update, very well-crafted and indicative that we are closing in on a prize well worth waiting for.

Having read this morning's RNS carefully I believe the words chosen are significant. It states that he bids were received on the '23 April deadline'. This suggests to me that GE/CMEC were working hard right up to the wire and demonstrates not only their commitment to a deal but also their wish to fit in with the deadline imposed by a tiny company. I find that interesting as majors often drag their feet and 'force' smaller companies to fit in with their timescales. On this occasion NCCL seem to be holding cards that the majors really want. The bids are 'currently under review by Ncondezi' which to me is an indication that everyone is pushing for a speedy conclusion and that NCCL have begun work immediately after receiving the bids - I can imagine them sitting waiting for them and then setting to work. Reading the final paragraphs i think we should temper our expectations as to the timing of the next RNS. NCCL are in new territory and I imagine they are not sure how long their review will take, hence the comment that the review is 'targeted for completion by the end of May 2018' - that is an expectation, not a firm commitment which in my view is reinforced by the comment that an 'update will be provided to shareholders at the appropriate time'. 'Appropriate' has in my view been used deliberately as it can mean whatever NCCL want it to mean! Fine by me, I trust them to release news when they have something to say. I interpret the RNS as a very positive update, very well-crafted and indicative that we are closing in on a prize well worth waiting for.

I do not think Hanno et al want to say anything at this stage which would make the price jump - that used to happen and we ended up with unsustainable spikes while further news was awaited. We are so close to the JDA if things continue to go well that there is no need for hype. The tone to me reflects that they are saying what they have been asked/encouraged/told to say by Nomad. The wording to me is not downbeat, just factual with no unnecessary embellishments - 'excellent progress', 'very confident, 'groundbreaking project' etc. We all know or certainly believe that phrases like these are justified but they would not add anything concrete to what has been reported today so they have not been used. Just my thoughts which may or may not be shared by others.

I am intrigued by the timing of the RNS - nothing was said at the end of February when the bids were due, and were received. The revision of the bids is due in 5 days and an RNS then to confirm they had been submitted in a finalised form would make sense. I wonder whether no RNS was issued in February as it might have been taken badly by the market even though we can now see there was no problem but just a request for further details. The shareprice, as has often been the case before, has been slipping just because of a lack of news so perhaps a decision was taken to reassure the market that everything is on track with the JDA still expected by the end of July as previously intimated. The RNS also gave them the opportunity to state clearly that they have in principle support from the government, a comment which comes about a year after the government had confirmed the 12 month delay. Just my thoughts - I am very pleased with this low-key but positive RNS.

Justdandy, I am trying really hard to be objective in all my posts. Like most of us, I imagine, my early days on AIM were characterised by hope of the next big thing, jump in quick and repent at leisure etc and mostly this was a result of superficial reading of the posts of too many rampers. Sometimes it worked and more often it didn't but I tended to remember the winners and forget the losers. In later years I have concentrated on my own research and have followed and been convinced by only a very small number of regular posters on particular boards. I say all this because I truly believe NCCL has something special and I cannot find an objective argument against continuing to hold, having built up a relatively large stake. In my view there seems to be general acceptance of the following: * NCCL owns a world-class resource * The resource is in a fast-developing and stable country which is actively looking to develop its power infrastrucutre * The management team and backers are committed to the realisation of the company's potential, as reflected in the fact they have their own money invested and that they deferred salaries last year when cash was tight * NCCL has been actively courted by significant world-leading companies and made a positive decision to invite GE and CMEC to become partners and to accept all the cost and risk of developing the project * Almost all the regulatory hurdles which have to be crossed before a major project like this goes ahead have been crossed and GE/CMEC have come on board a project which seems to be accepted as the most advanced coal to power project in Africa * There has always been a swift RNS when the company has hit road-blocks, missed deadlines etc. On this occasion we were told that bids for the financing, resourcing and management of the project had to be submiitted by 28 February. As we have heard nothing since we have to assume that they were submitted and that further discussions and negotiations are taking place. It is easy to speculate what is being discussed but that must be speculation so I will not comment! I could go on but all these points and more convince me that my head is ruling my heart on this occasion and I am happy to wait. If I am wrong, then I am wrong but, if I am going to remain invested in an AIM company, NCCL is definitely the one in which I would want to be invested.

mike29, two pieces of news contributed to last year's sell off. NCCL had been in potential financial partnership with a major Chinese company, SEP, for about three years. It had been assumed by many that a binding agreement would be signed but NCCL announced in an RNS that exclusivity had been withdrawn from SEP because they became fed up not seeing any money from them. That seemed a blow at the time but in fact NCCL were already aware of major companies making unsolicited enquiries about a potential partnership so in fact the decision to drop SEP has turned out to be very positive as we now have a non-binding agreement in place with GE and CMEC which we are expecting will soon become a binding agreement followed by a JVA, although there are of course no guarantees. The second reason for the fall was the postponement by the government of Mozambique of a final decision to allow the project to go ahead for 12 months. In retrospect that was a very reasonable decision. In any case the price drifted badly and many of us picked up more cheap shares, although personally I did not get any below 3p. We are now in the waiting period and, as you will have noted from lots of posts, most of us are happy to wait and are as confident as we can be in a successful outcome by the end of July, hopefully with a positive interim RNS before then!

Yes, gods, that sounds a likely timescale to me but I certainly do expect that we will be updated in the next few weeks on progress. That is certainly what Hanno implied and I cannot think of any reason why the parties involved would not all be supportive of a bland 'good progress, work ongoing' RNS. I check the list of RNSs every morning but am no longer expecting to see one from NCCL as I did for a while in February. The longer we hear nothing the more relaxed I am, all I would like is a simple update to reassure anyone who might be wavering. Having said that, silence is much better than the regular 'things are fantastic' announcements which some companies specialise in, usually the precursor to a share dilution, a duster or whatever!

I agree in general terms with your caution but personally I think most of the hurdles crossed in the past seven years will not need to be crossed again and that as a result we are much closer to a good payday than when we were being strung along by SEP. I believe GE and CMEC have identified a big opportunity to become involved in the development of power systems within Mozambique and that value will in consequence be realised for NCCL investors sooner rather than later. We shall see!

I think all predictions of an RNS date can only be guesswork other than that the end of April should be the latest date. Guess we will all be surprised some morning!

Thank you for all today's links - there are so many circumstantial yet supportive indicators out there that it seems inconceivable that GE and CMEC did not have their eyes on a potentential agreement with NCCL well before they officially indicated their interest and were selected as preferred partners by NCCL. It makes me wonder whether they might have been dropping unofficial hints to NCCL that SEP were not perhaps their best potential partners given how long SEP had been stalling about actually coming up with the money to formalise a deal. Within six months of SEP being removed from preferred partner status we had formal and unsolicited approaches from some of the most powerful companies operating in Africa, including GE. Several months later we seem to be deep in negotiations of some kind, at least that is how I am reading it. Remember we did not approach GE as far as we are aware, they and CMEC approached us in partnership, hopefully because they realised that NCCL was a perfect fit for them and absolutely in line with the way that power generation is evolving in Africa. The articles and news reports which have been shared make that very clear and to me, given that NCCL is the most advanced coal to power project in Africa which is not yet operational, two plus two equals four. All my own conjecture but I believe my analysis is fairly objective, certainly more than enough for me to stay invested.

There have been a few understandable expressions of mild concern recently wondering why there has been no RNS since December 28 when we learned that the timeline for binding agreements and JVA had been postponed. I spent some of yesterday reading and thinking and am as a result even more confident of a very positive outcome to current negotiations than before. I suppose that what has become even clearer to me in my own mind that is that I am virtually certain that any bad news or negative outcome would have been reported. Silence is golden. We were resigned to no RNS in December when Christmas came and went but we got one in the dead days before New Year which damaged the share price but which on reflection was inevitable as companies, even AIM companies, cannot hide or avoid announcing potentially damaging news of delays. In fact the RNS was positive as it simply said that the size of the deal, and the scale of the project itself, meant that our two prospective major partners, GE and CMEC, needed more time to do their due diligence. The fact they were willing to undergo their site visit just before Christmas in temperatures of 40 degrees is a strong indication of their commitment to confirming a deal. Since the start of the year we have heard nothing and the more I think about it the more confident I am. However, I wanted to spend time yesterday reviewing all the evidence objectively as I try to be careful not to let my heart rule my head. We know that bids were due by the end of February but we were not told specifically that an RNS would be released. However, I am certain we would have been told if bids were not received. So what has happened? Perhaps the bids were acceptable and work is ongoing towards a JVA, perhaps some details had to be renegotiated, perhaps GE want more than 60% and discusssions of terms are ongoing. We do not know but any of these scenarios will turn out to be positive for shareholders when we eventually get an RNS. In essence I am basing my confidence on the fact that we have no indication of a problem and, as has been said by others, I am certain we would have been told if that had been the case. I have a significant number of shares and am in reasonably good profit at the moment so I have had to think carefully on several occasions as to whether I should sell but I see no reason to do so and will await what I expect will be excellent news before the end of April.

As others have commented it is such a shame when sellers are sucked into artificial and manipulated drops and then perhaps chase the next rise. I have just been offered a dummy sell at 5.41. More than most stocks this is definitely one for those who believe in the story and are confident in the outcome. We may be right or we may be wrong but clearly many of us believe we are right and will hold until the RNS, whether tomorrow or in April - personally I am sort of expecting an update soon but accept it might be the end of April. Would be very surprised if we were still waiting as we move into July but we have no influence over dates and will just need to sit it out.

Good to see three buys totalling c �37,000 this afternoon and also to note that the price is still drifting back up. Now just over 5.40 for a dummy sell.Enjoy your weekend, everyone, and, as I am Irish, I particularly hope I have a good weekend. St Patrick's day and a Grand Slam at Twickenham would be some combination!

Just been offered a dummy buy of 5.263 for 100,000 shares - we will. I think, gently bob up and down without any direction until the RNS lands. I do not expect or otherwise an RNS on Monday, I am happy to wait given that my decision is made. I believe in the project and I believe in the commitment of GR and CMEC to the partnership with NCCL on which I have little doubt they are all working. To what end? I do not know but I am confident it will turn out very well for us all.

The recent slip in the share price in my view is fairly typical of NCCL - a gentle slide over a period of very quiet days followed by a jump back to where we started which on this occasion is about 5.8 to 6.2. However, as most holders are in for the RNS we are expecting I imagine that very few will try to trade in case we are out at the wrong time waiting for a lower price to buy back in. For me that strategy is not worth it for a potential c10% gain - I have decided to see it out and all my research, backed up by the opinions and research of other posters whose opinions I have chosen to respect, tells me to hold for the end game. Until then I am not concerned by daily fluctuations and am pleased that some new investors will be buying in at a good price!

For what it is worth I do not give any credence to the phrase 'closed period' in relation to where we are with NCCL. I do not think it applies in a situation where a bid has hopefully been submitted and is under review. We hope the bid is a fantastic one, perhaps company-changing and PI bank-balance changing, and in my view the reason why nothing has been said is likely to be simply that the various executives have agreed to say nothing in public while ongoing discussions take place prior to the release of an RNS before the end of April, perhaps much sooner. I am confident that the RNS will be positive but I do not know that for certain and I do not think it helps for our speculative comments to be assigned a greater level of certainty than they deserve.

Enjoying all the difffering views expressed on the board over the past few days. However, I do keep reminding myself that everything is speculation at the moment. All we know is that there was no RNS at the end of February which I for one expected. However, I now agree with those who are clear in their minds that no news is good news and that we would have heard if no viable proposals or bids had been lodged. It seems reasonable to assume that a detailed review is underway and that NCCL, GE and CMEC are talking together and working on an outcome which is in each of their interests, and in ours as well. I hadvebeen expecting an RNS each morning but now I am beginning to side with those who do not expect one for a few weeks. I am happy to remain fully invested and to wait as I think that all the signals are positive at the moment and that we are weeks, if not days, away from the morning we have waited for for a very long time. Having said all that, there will perhaps be an RNS in the morning!

As the days pass there seems to be a collective sense of positivity spreading across the board with which I agree. It is also good to see some new posters before the arrival of the herd. I wonder if herds travel well in snow? Have a good weekend and perhaps we can look forward to our expected RNS on Monday or does that seem too soon? I imagine Hanno and his colleagues will have been liaising with GE and CMEC since the last RNS on 27 December so I do not think that whatever has been submitted will have come as much of a surprise although clearly the numbers are the crucial factor and will have to be analysed very carefully.