Member Info for BENJAN1

Spot on, a rational overview of recent events.

This is painful, but at least company still solvent to deliver the potential coal sale and progress the solar development. I had feared that they would bust it, bid farewell to the shareholders and the creditors would take the assets.

We live to fight another day, well until April, when we should have further positive news. Still struggling to understand why such a discount was required, given value of the projects and the potential negative impact it will have on the sp.

Indeed Momo2058, many of the PI’s are still invested , but patience has been tested and attention turned elsewhere whilst Hanno sorts the funding for the solar project and a purchaser/ JV partner for the coal asset.

These elements are under the control of NCCL and they are no longer wholly reliant on the Chinese to fund, generate revenue and realise value. The risk to the shareholders now is potential dilution or Hanno failing to deliver on either of these 2 opportunities.

It has taken much longer than anticipated to realise value, however I sense now that we’re closer to delivering on what appear to be feasible projects than we’ve had previously.

The issue is small free float which means trading in quantity is challenging. Relatively small buys today have resulted in significant price movement. Need MM’s to act effectively!

Tremendous potential upside in the coal JV and solar project. This seems far more likely to be delivered than coal 2 power project that was wholly reliant on CMEC/ Chinese government.

I hope the announcement due by 31/10 provides clear detailed financials on both prospects, as basic analysis shows huge upside.

Both opportunities provide near term cash flow, so should deal with funding issues.

Finally it appears that the LTH’s will be rewarded for the patience to date. I get the scepticism and tough market conditions, but present market cap doesn’t reflect the risk/ reward profile resulting from the recent change of strategy.

Thanks StanAccy, recently ScottFletcher and the other directors have agreed convertible loans for working capital. It’s most likely they will continue to do so whilst there is a viable solar project and future possibility of coal power.

Remember, SF bought the battery storage project for over $1m to fund the working capital previously. If the BOD’s intent was to call in the loans to take the assets, they could have done so previously.

Appreciate you taking time to express views, there is risk here, but also plenty of upside if the solar project alone is delivered.

Patientzer0, if you scratch a little deeper the previous solar operation was in battery storage, not power generation into the grid. This is much more scalable and the major shareholders are backing with loans.

Scott Fletcher wouldn’t continue to back if this company and project if it was not feasible. Also potential for coal power generation isn’t dead. Further analysis will show plenty of upside here, not a ramp, just views of many LTH’s.

Yes drill8, that’s correct. He wouldn’t be involved with this company at all if there was nothing in it and he didn’t believe he could generate multiples on his equity.

He’s had plenty of chances to write this off and walk away. Contrary to the belief of others, he did shareholders a favour by taking the previous off grid renewable energy subsidiary out, in order to provide much needed working capital.

I appreciate his last purchase wasn’t huge, but it was a further demonstration of his commitment. He’s a shrewd investor and I’m confident he will help bring this opportunity to fruition.

I’m a LTH who believes this company will deliver, there’s plenty of reason to doubt it and ultimately all investors/ traders need to establish the risk/ reward profile that’s appropriate for themselves.

That’s a v good question! IMO, based upon historic knowledge and crude analysis he sp should be 5p plus on recent news and potential.

If the coal to power project is funded and delivered the price should be north of 20p.

Beware, as there are many risks attached given the location of the project and funding. There is lots of publicly available information to research, which shows powerful entities are involved in making sure power is delivered from this site (CMEC and AFC).

The crucial factor for me is Scott Fletcher’s holding, his role as NED and that he continues to buy shares in the market.

Finally they listened! Although this still has a long way to run to reach fair value.

The recent news underpins the downside risk and the potential coal to power opportunity will deliver multiples on current sp level.

I could only buy 50,000 at 1.15, anything more was N/T. Had a buy order for a larger amount rejected, it seems we are unable to buy in any quantity at. These levels. Surely the mm’s should let it run.

Thanks hammerphil1989 . That’s a great synopsis of where we are.

Totally agreed CF73. Hopefully our patience will finally be rewarded.

Good to see that you kept faith!

Understood maddog38. Having followed SF, he seems a straight forward business man and not a typical AIM charlatan. I’m comfortable as a LTH that his buy out of the solar business was done with good intent and for the benefit of NCCL.

The recent SP levels have been a result of the company going under. It appears that there is legs in the main project and this recent solar initiative is to mitigate risk for future solvency.

I’m hopeful the SP will start to reflect the value in the project and how advanced we are. GLA

maddog38, I appreciate you viewpoint, however if this was really the case, why would SF increase his equity stake in NCCL?

maddog38, I appreciate you viewpoint, however if this was really the case, why would SF increase his equity stake in NCCL?

It will be interesting to find out who picked up these shares and if they are the ones who are accumulating.

The fact that Scott Fletcher wasn’t able to buy them leads me to believe that it was a party related/ known to Green Stone. ie Coal investments didn’t match their fund investment criteria, so they sold to another institutions that has capitalised on the soft price to accumulate a larger holding.

As others are well aware, this all means nothing if NCCL can’t conclude the tariff agreement.

It appears that someone is confident it will happen and the potential upside is worth the risk.

I’m hoping that’s the start of a buying pattern that will move the sp off the floor and signal that we due for some news pre AGM.

CF73 - would love it if you’re 100% correct, I’m sticking it out as sense you are!

Investing here is a rollercoaster, both emotionally and financially, I’m hoping this is the dip and we’re going to fly from here.

Keep well

X2 ! Will either signal placing shares now fully sold and establish a base for sp or there will be a rush for the exit.

Can anyone answer how the sp is still liquid given this volume ?