Member Info for Caterham7

10 - 12p just before JDA lands

18 - 22p upon JDA (expect the JDA spike to then take a 10-20% haircut with post JDA profit taking).

50 - 70p upon Financial Close in 2020

Lot of new names posting on this BB over last two weeks - welcome. First of many. Keep em coming.

I very much doubt that even Hanno’s crystal ball would be able to predict share price in 5years time! You will get some early indications from JDA numbers, and even more clarity upon financial close in 2020. Also depends on what other projects NCCL go chasing over next five years. My gut feel is that the share price will be many, many multiples of 7p in five years time, and because of that I will sit firmly on my 2.6 million shares. I don’t see anything else with same risk reward profile.

Mr (or Mrs!) 100k seller is very quite this week. Maybe they have exhausted their sales or realised error of their ways!

The NCCL Share Trades info on this site is very suspect. My £3040 buy at 10am this morning isn't listed, and four out of five of my large NCCL buys over the last year, are marked as sells. I assume other peoples buys are being incorrectly captured - no wonder the SP is stupidly low.

I cant find any better risk-reward share out there, so I will happily sit on my 2.5mln shares till end 2000.

All those big round number sells always seem to appear in quick succession just as the SP starts to show some hint at rising. This makes me think it is a targeted attempt to keep the SP down. But why someone would want to do this, rather than start scooping up more shares, is certainly baffling. I don’t consider the sells any sort of leaked insider doings, because the nomad would be all over it.

My prediction for last year is that GE and CMEC will each buy an extra 10% each, leaving NCCL with big $ windfall and attractive carry going forward.

Key sentence for me is “ Following these meetings, the Company's potential strategic partners have confirmed that the process to conclude the JDA can now move forward.“ Big corporations don’t waste their time fiddling with projects unless the lights are green!

Very reassuring RNS - “setting the final stage”. Can’t wait to see how the doomsters put a negative spin on it - buy try, they will. At these silly prices, NCCL must have one of the best skewed risk reward profiles out there. I suspect the loose hands will be buying back in over the coming weeks.

JDA update not due till end Q1. My 2.5 million shares are in very sticky hands.

A few weeks back I tried to find out how much ‘skin in game’ Hanno has, but couldn’t find any info. Anybody know?

Hanno - not sure if you read this BB, but if you do, please can you delay JDA RNS till April 6th, so I can tuck some more NCCL into my ISA. Appreciated.

`advanced` draft JDA being reviewed by partners. Sounds good to me. I`ve been involved in negotiating several similar scale energy projects, with large corporate partners, on same continent, and these things take time (huge amount of due diligence going on, on all sides - which is a good thing). Im very confident with my large holding here.

Today, 350,000 shares purchased, and 4711 shares sold, and the share price is down 1.9%. Can anyone explain?

Thanks RD - it was the Align Research note that first made me realise that WSBN is not leveraged to the gold price. Nice business model though, and I will likely invest this year to diversify my fully leveraged gold miners (I’m an 30yrs experience Exploration Geologist so am happy with the risks).

According to the WSBN investor material, the company does not profit from a rising gold price. The company will only benefit from doing more business, ie, increased gold transactions. Two very different things. A high gold price will eventually slow business, which will negatively impact business. If I’m wrong, please point me to the company material that states otherwise.

Im intrigued by WSBN business model, and am considering making an investment (I own shares in a few gold miners leveraged to a rising gold price). A few investors on this BB have impled that WSBN will do well in 2019 if the gold price rises. However, after reading the Wishbone website investor material, I dont understand how WSBN is leveraged to a rising gold price. The WSBN `reverse integration` model appears to be based on buying gold from artisanal miners at 10-15% below the spot price. So, my understanding, is that if gold rises to $1800, or falls to $1000, WSBN will always pay 10-15% less than spot price. If this is the case, this makes for a steady predictable profit stream, rather than a shareprice that is leveraged to rising gold price such as the case for pure mining companies. Am I missing the upside case? Maybe an increased gold price drives up the trading part of the business, but the margins on trading look slim at 1%. Can someone explain? Thanks

Have Sxx stated when they expect announce Stage 2?

I believe Hanno has said verbally that he thinks the project NPV is approximately 50p per share (correct me if I’m wrong about this). However, as we all know, NPV does not equate to SP! Time will tell!