Member Info for BENJAN1

Agreed extrader. I wanted to relay the information received and my interpretation of it.

I found some reassurance in this information, albeit the situation is far from ideal.

As many have mentioned previously, this is a binary play on whether or not the main project will happen. I still have confidence it will and that all parties involved are motivated to ensure NCCL remain solvent to conclude, having come so far.

Obviously, we should all undertake our own research and form our judgements on how this is likely to play out. I’m not surprised by the recent large sales, it’s reflective of the confidence lost by shareholders on the ability of Hanno and the team to deliver.

In my correspondence with Elizabeth, it was confirmed that the Board were currently “inside so unable to buy shares or exercise warrants at this time”.

This satisfies me that the board and particularly Scott Fletcher are unable to buy in to support the sp or clear the funding through the warrants.

The communications received by various shareholders and engagement by Elizabeth will hopefully convey to Hanno that the messaging in the next RNS needs to be much tighter to reassure shareholders that genuine demonstrable progress is being made. This may have caused the delayed issue of the update.

I continue to hold and await news.

Until we receive any meaningful update, the sp likely to soften as more investors lose patience. I had hoped the positive movement earlier this week signalled that an update was imminent.

The declining sp is symptomatic of a generally weak market, NCCL breaching proposed timescales and crucially the absence of any reassurance to shareholders/ the market.

I will continue to hold, but paper losses difficult to stomach when we don’t have regular updates from the company we’re invested in.

If Elizabeth is still monitoring this chat, please give Hanno a good shake!

Larger buys coming in now. The sp increase on small volume is reassuring that once news is released, the true value will quickly follow.

Hopefully not G_G_G ! Dilution at this level would be madness, I’m sure warrants will come into play before that happens.

False start, can buy now!

Suddenly very liquid to sell and n/t to buy.

It’s astonishing that we haven’t received any meaningful news of progress on the tariff deal.

Whilst I appreciate that the Board don’t want to make any further commitments on timescales when the negotiations are at a sensitive stage and not fully within their control, however silence is killing the share price, liquidity of the stock and undermining the trust of the shareholders.

I’m hopeful this will be addressed soon, otherwise the integrity and professionalism of those involved will be shot.

I’ve been here before with similar investments, some have delivered multiples, others have failed. What keeps me holding my substantial investment here is a genuine belief that the project will happen and we’ll get taken out at a much higher level than current price.

At these times, I always focus on the underlying business/ asset base rather than the sp. It usually keeps me sane and prevents bailing early, it’s tough now to hold given the paper losses we’re all sitting on.

Has anyone contacted the PR to establish if any announcements are planned and to convey shareholder concerns about the communications?

Indeed G_G_G. Even my patience and faith is being severely tested... I still believe this will happen, but the communications with the shareholders has been v poor.

I anticipated a more professional approach following the NED appointment of Scott Fletcher. Unfortunately for whatever reason, this hasn’t been executed well at all.

Like most LTH’s, I will continue to hold, but unwilling to add more until there is clarity on the tariff.

Good to see a few buys today, may turn out to be a wonderfully timed investment...

hxulcolrdoh, the intention of KTF in this case is to act as a reminder of what brought shareholders here in the first instance. It’s a belief that the coal project will happen based on research, I still hold that view.

Its faith in a process of research and gut feel.

Love it CF73 .. keep the faith indeed!! If I wasn’t already balls deep, I would consider buying more to lower my average.

Keep the faith

AIM shares are experiencing much lower volume across the board and I believe it’s having an impact here. The current sp is largely down to nervousness and lack of faith in delivery, so no new investor appetite and a few nervy sellers.
If Hanno statements are genuine, we are v close and we will be rewarded.

Massively frustrating chrishutch! I’m praying that they they’re much better at negotiating with EDM than they have proven with shareholder relations and comms.

It all feels very amateur at times. It doesn’t help that Hanno doesn’t have the requisite CEO experience to manage the process.

I’m reassured by the fact that the project is required and that if NCCL fell over at this stage, it would cause more delays and risk to all parties, so there’s a number of vested interests to ensure it gets over the line.

G_G_G I get the impression that at present the management don’t care about the sp. If they did, they have it within their gift to stimulate and haven’t taken action recently.

This surprises me, as a stronger sp would surely strengthen negotiations with CMEC for a full take out of coal project.

It’s a tough one to read atm and I’m firmly in the mindset of ‘if in doubt, do nowt’. It’s worked for me in the past and hopefully will work here because if tariff is agreed, the upside potential is huge.

...Patience and funding! G_G_ G has posted earlier on what’s required. I remain confident that we are close on tariff agreement and finance position is fluid, depending what is required.

V frustrating, but will hold and see how it plays out. We’ve come so far, it would be a catastrophe if they didn’t get the project to the final stage.

It’s v testing, but I’m confident that if tariff near, the board have funding under control

G_G_G, I appreciate the time you take to provide reasoned analysis on NCCL and I’m sure others on the board do too. There will always be doubters whilst here whilst the tariffs negs remain outstanding.

It’s our individual choice whether to believe that the main project will happen and if you don’t, then you shouldn’t be invested here. I have read the comments of yasx and understand why they formulated their view. I don’t concur following the extensive research undertaken and gut feel.

If you doubt whether the project won’t happen, you shouldn’t be invested here and it would be helpful to all if the negativity was back up by facts rather than conjecture.

Keep the faith all, your patience will be tested but ultimately rewarded

Daisy1963. Review the details on why they were shelved. No construction activity, likely due to not being viable.

This is why EDM tariff negotiations are so finely balanced, as both parties want to ensure the project will deliver.

Keep researching, you’ll find the answers

hxulcolrdoh - the need of EDM is greater than ours to get the deal done. In order to finance the tariff needs to be at a level that’s viable to all parties, so it will be agreed at a commercial rate irrespective of financial strength of NCCL.

If we can’t get the power project concluded, will still be value in the coal resource, although this is buttons compared to potential returns of the power project. That’s the risk/ reward profile here.

All shareholders are rightly concerned about the breached timescales, but this is symptomatic of business in these countries. Thats why the SP is so low against e potential returns.

We are close, just keep the faith.

Morning Chaps, although funding is a risk, I’m satisfied that Scott Fletcher and possibly other directors will cover with warrants if necessary.

We are so close to the end game on the main project and there has been so much committed to get this far that it’s unlikely to fall away due to a few £100k of costs to stay afloat.

I’ve added a few more this morning, I’m satisfied progress is being made and that we’re in the final furlong. I can’t foresee there will be a buying opportunity at this level for much longer.

Keep well all and keep the faith.

Positive ruse today, but sp still grossly undervaluing the potential returns here.