Member Info for Caterham7

New Year predictions:
1. 100% chance of NCCL selling at least half its 40% stake to CMEC with SP rise to 20-30p.
2. 30% chance that NCCL sells full 40% stake to CMEC with SP rise to 40-50p.
3. 20% chance that NCCL starts morphing itself into Africa's largest future renewables energy company!

Im sure one of you will will tell me that my maths is wrong, and you can't have a total of 150% chance, but you know what I mean!

Very exciting year ahead.
C7

Should read ‘$5.7mln additional back costs still under review’

Excellent news and inline with forecasts. CMEC agree in principle to $21mln back costs with $5.7mln back costs still under review. Impressive for a company that currently has £20mln MC. EPC contract news due in new year. The news flow over next few months should be very positive.

Hello and Happy New Year BOU sufferers - I have a personal tax question which I can't find answer to on Google.

My BOU shares (£15k worth) were originally held in an ISA. When delisted they were moved to my HL share account and signed zero value. I realise that I will now have to pay Capital Gains tax IF the shares ever turn a profit. However, I am unsure as to how that profit should be calculated, because when the shares delisted the price was reset to zero. So, for tax calculation purposes, is the original purchase price assumed to be 1) the original price purchased for ISA, 2) zero, ie, the delisted value, or 3) the price at which the shares become relisted?

I have asked my neighbour who is an accountant, and he didn't know the answer - not a problem he has ever come across!

Thanks - C7

Phoenix - My low average SP is mostly down to luck. At end of 2019 the markets were looking frothy so sold out of half of my assorted investments and sat on cash. Then the bottom fell out of the markets in March this year, and I reinvested in my top rated resource companies (of which GLR is one).

Im a strong believer in only investing in what I truly understand. As an Exploration Geologist I therefore only invest in resource companies. I aim to maintain a portfolio of very diverse types of mainly microcap resource companies, covering the full risk-reward spectrum. Below are two good examples at opposite ends of the spectrum, which I feel compliment GLR well.

1. NCCL - I believe this is the lowest risk 2-3 bag opportunity on AIM. So far off peoples radar its invisible. One of UKs top entrepreneurs has just built a 17% stake in the company and become a director. Plenty of big news expected in Q1 - the SP has only just started moving north. The armchair eco warriors will be aghast at investing in a coal power development project, but if they did their research they would learn that the new state-of-the-art exhaust scrubbers that will get installed, will produce lower emissions than their diesel cars - especially if VW or Mercedes :). Ive been invested in NCCL for approx three years, and the fireworks are only now about to fly!

2. PAT - A new entrant to AIM. I invested in early November soon after listing. As with all my companies of interest, I spend many hours studying all available geological data (public domain data and also other data that I can access through my own channels). PAT have a handful of high potential high risk-reward projects, all with plenty of news flow due during first half of this year. I think that PAT has 5-10 bag potential along with commensurate geopolitical risks - so not one for widows and orphans! Looks like some GGP / EUA investors are gravitating to PAT. Read the LSE PAT bb with caution - there are some good, honest, well researched posters on there, but also some exuberant pumpers!

I see you are in BMV - good choice and SP suppressed by funding uncertainty. Also KAT - I have no confidence in the management!

Apologies for the cross referencing of other companies on the excellent GLR bb - I was asked, and investing success comes through sharing knowledge! I rate GLR a very strong buy, and will top-up with EUA profits up to the 2.5p level (no sophisticated price models - just feels right for my portfolio).

Cheers
C7

Well played Phoenix - my ISA is as close as I get to exotic tax free residence these days (I did spend 18 years overseas in Africa and Latin America but family needs must!). My average SP is around 0.42p, and I have no intention of top slicing until approx 4.0p.

Like everyone else on LSE, I have a sizeable holding in EUA, but am worried that there is an imminent mad dash for the doors brewing there, so in January will start top slicing EUA and moving funds into GLR and a few other resource stocks I follow.

1.8 to buy on HL

Maths isn't my strong point, but just worked out that I own 0.54% of NCCL - not quite TR1 yet! Very pleased that the company is starting to gain some of the recognition it deserves. Still woefully undervalued. Very grateful to Hanno and Scott for pushing ahead in a very difficult year, and expect even greater things in 2021.

I hope 2021 treats my fellow NCCL investors better than 2020!

Seems like everyone posting on LSE has money tied up in EUA and waiting to exit (and that includes me). Going to be one hell of a dash for the doors. Will be interesting to see how orderly the mass exodus will be, and how much profit people manage to realise.

My dummy buy was for £2k and had no problems. What dealer are you using?

End of year £12k top-up to celebrate end of Annus Horribilis. NCCL must be one of the lowest risk chips in the AIM casino!

No problem with dummy buys on HL

RNS - Ncondezi Chief Executive Officer, Hanno Pengilly said: "I am pleased to announce submission of the Developer Studies to EDM, representing the last milestone requirement from EDM following submission of the Project tariff proposal in March 2020.

The Power Market Outlook Study confirms the Project's strategic importance which combined with the updated Project Feasibility Study, demonstrates that the Project is one of the most credible power supply options in the country capable of delivering reliable round the clock power from 2025.

Following positive initial meetings with EDM, held earlier this month, we expect formal feedback early in the new year.

CB - 5th January might not be final Bhukia court decision - 17th December RNS says “ While a new court date has been scheduled for early next year, there is no certainty that the case will be heard, and it may subsequently be rescheduled. ”

Is Graham Briggs still on standby?

Thanks Christchurch - is this the first time Hanno has acknowledged that he may not retain the full 40% equity share? Unfortunately the Chinese know that Western institutions won’t invest in fossil fuel projects, so that puts them in strong negotiating position.

Is the company statement a response to threat of action from PIs?

Similar size trade on 14th December, but GGG thought it a worked sell. Any other guesses? I tend to agree that if the trades were buys, the SP would have bounced hard.

Prof - yet again I’m very impressed with your detective abilities.

Following this mornings GGP news, I reckon some GGP money will transfer to PAT over next few days.

Customary to let incoming new CEO to announce good news to markets. Scallywag results soon!