Member Info for bladesharp

The original project was funded $1.189m and we sold it for $1.3m to avoid a fundraising and dilution at a low price and give us more runway. You can see these numbers on page 22 of the interim report.

Scott offered on multiple occasions on investor Q&A calls for someone to take it off his hands

You obviously have an agenda Stan making up false information. For example if you actually followed the company and checked the accounts you would know scott actually paid a slight premium for the old solar project compared to what was spent and he done it as a favour to keep the company afloat. He even offered it for sale to us share holders or anyone interested for the same price he paid. And how funny and desperate you feel the need to cross ramp another company.

Just waiting for the initial feasibility study results and the interim results this month which will probably all tie in together with the loan

The small buys are starting... same sign as before watch the buys increase and this booms again

With it being the last day of August and the feasibility study preliminary results due September I expect to see alot of buys with people loading up ready big boom in shareprice. Estimated NPV of $60m for the solar project alone and current market cap currently only £4m its a no brainer. Buy buy buy

As per https://www.bloomberg.com/news/articles/2022-08-05/china-warships-cross-taiwan-strait-in-sign-drills-continuing#xj4y7vzkg China have now halted talks on climate change with the US. Get ready for a big U-turn on their policy of no further investment in overseas coal projects. The #Ncondezi coal project will get the go ahead on funding... make sure you have your entry ready for the big RNS

Im expecting update on main Coal project financing at any moment. Remember China canned other projects elsewhere but not this one for Ncondezi. This is the most advanced project in Mozambique with EPC signed.

US$21m Historical Costs to be reimbursed

Subscription price to be agreed for CMEC to take 60% stake

Add the value of Ncondezi's 40% stake in the billion £ project!

Currently only £5m market cap!

Also now we have the new solar project to add to this!

Im assuming we will see a TR1 on Monday with Scott Fletcher increasing over 20%

Ignore the advertised spread if you do a dummy sell etc its false and the sell is basically on the mid way price

Just wait for Monday!

Check out this article posted this week following China offical visit to Mozambique.

https://www.lwxsd.com/pc/info_view.php?tab=mynews&VID=25868

"To further inject new impetus into the China-Mozambique comprehensive strategic partnership. Both China and Mozambique emphasized that they cherished the profound traditional friendship between the two countries, and agreed that they would be committed to enhancing political mutual trust, expanding practical cooperation in the fields of economy, trade, agriculture, energy, anti-epidemic, and infrastructure, and promoting the implementation of the "nine projects" of China-Africa cooperation in Mozambique."

What are these "nine projects" you may ask.... well if you check the annual report you will notice it says:

"The Project is at an advanced level of development and believed to be the most developed coal power project in Mozambique. The Project was also selected as a priority Project at the China Mozambique Cooperation Forum in 2019"

So looks like the Ncondezi project is one of the nine and the Chinese are still onboard with the coal project!

With the Seritza loan ending today I am very much looking forward to an RNS on Monday and expect this to come hand on hand with news on the Solar Project and possibly more. Remember Seritza are inside on the Solar project so the restructuring of the loan should be aligned.

Maddog38 the original solar project was funded $1.189m and was sold for $1.3m to avoid fund raising and dilution to us share holders (so a small profit). I think you will find this benefited all of us share holders!

Great to hear that the company have not been sitting back while CMEC are working on the financing for the main project. Instead Ncondezi behind the scenes have been working on this extension to the main project. Simpler technology and existing works will mean that any development costs are a fraction of any associated with the main coal project and this can be completed in a matter of months not years. Can't wait to hear the finer details once the initial critical steps are completed!

This was the small £5m contract that was won https://bidstats.uk/tenders/2021/W36/758513953
NHS trusts are now buying via the new framework

I have been thinking about the recent comment from Ncondezi in the last RNS:

"In parallel to this, the Company is reviewing alternative opportunities at the Project's site, utilising existing works that could unlock additional value to shareholders whilst not affecting the main Project"

Looking at the coal asset we know the following:

"In order to provide a bankable Coal Sales Agreement to the power plant, the mine needed to demonstrate sufficient coal resources in the Measured Category to supply the 300MW power plant for 25 years plus a 40% contingency, equivalent to 70 million mineable tonnes in situ. The upgraded resource has exceeded this target with sufficient additional Measured Resource to theoretically supply an additional 300MW (600MW total) power plant for 25 years."

With the focus now on phasing out coal I think we can all agree that the second 300MW would probably never happen. I think following the comments from Ncondezi in the last RNS they are looking to possibly sell off half of the coal asset as not required for the main project and in turn unlock additional funds.

We know Vulcan recently purchased the Moatize Mine from Vale in Tete in the last few months so the demand is defo there!

Just published https://www.reuters.com/business/finance/asian-banks-falling-short-decarbonisation-efforts-study-2022-03-23/

"Of the 32 banks in major economies like China, Japan, South Korea, Singapore and Indonesia, only nine had long-term net-zero commitments for the emissions they finance, while only 13 had policies prohibiting the financing of new coal-fired power."

Proving there are still many options for Ncondezi and CMEC to finance this project. We should know the plan in a matter of days by end of Q1

1. Integration Study Approval
2. Chinese Funding or an Alternative Solution
3. Seritza loan restructuring (needs to be agreed by Saturday 26th)

All due before end of Q1 so on very few trading days remaining

It's been a while all but i'm back in. Get buying hint hint nudge nudge w

Only way is up from here big overreaction and clearly bottomed out