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Folks are spamming the BB in the hope of a lower SP entry point. The RNS is very clear. The process to get the diamonds is absolutely on track. Final receipt of the diamonds is imminent.
Let t that sink in.
#NCCL Increasing % of stock in very tight hands, with many LTHs, all holding/ adding.
I would say, a minimum of 70% of the company's stock in tight if not very tight hands. Recent conversaiotn and buying on open market massive signal following Mozambique's EDM (national Electricity utility company) approval of Transmission Route for company's 300MW #solar project, the largest proposed in the country and being 'rubber stamped' (the wider site has been scoped for a total of 5, 000MW!)
How often can a company with £4m market cap say that?!
Upside from current SP/ market cap? Unparalleled, imo.
#NCCL RNS BIG signal! Scott Fletcher adds 2.75m shares, taking his holding to 22.09%.
Increasing % of shares in very tight hands; c43% listed on website as sihgnficant, plus other directors and parteis holding above 1 or 2%, plus numerous LTHs, many holding millions of shares!
All this after EDM approval of Transmission Route for 300MW Grid Scale #Solar Project, the largest proposed solar project in #Mozambique!
Upside from a £4m market cap? Unparalleled in my view.
The signals are there. NCCL will be on the turnaround/ growth stocks of 2023.
Scott Fletcher buying hares on the open market are a HUGE signal of confidence. Those conversions are also, as he will be holding shares in the company's stock -- and why do that if going nowehere?!
Let's remember again, EDM has approved the transmission route for the company's Grid Scale Solar Project. This is, as someone else put it, a HUGE rubber-stamping of the project, a view I agree with. That transmission route is to connect to the main Grid, for domestic and export applications (into the wider regional energy pool/ SAPP).
They are all gearing UP!
Good luck folks!
#NCCL RNS NED Scott Fletcher buys 7, 256, 555 shares on open marlket & converts loan, taking holding to 21.4% of company stock!
HUGE sign of confidence. I very strongly suspect, they all gearing up for a major positive outcome.
Remembering, Mozambique state utility, EDM, only just approved company's 300MW Grid Scale Solar Project tranmisison route. This is a major step,
1. EDM formally acknowledges NCCL efforts/ progress
2. EDM approves of NCCLs project
HUGE progress on Mozambique's largest proposed #Solar Project!
Massive BUY Signal, IMO.
I hear you glenmorangie. It is disappointed at one level, for sure. But they may well have a future bottleneck of news. The recent news of Transmission Route Approval by EDM points to - as someone else said - a rubber-stamping of the Solar Project, with news due on agreed solution for connection and tariff. So they have to get this conversion done before that news. That said, yes, I agree. There has been considerable further dilution, including every time we look like we could be getting SP appreciation, they do something to kill the SP again. But we are on the right track finally and hope they have good sense/ decency to consider LTHs who have been diluted again, in such future transactions.
#NCCL RNS Converting loans to shares = HUGE confidence shares will be worth more than loan interest
Note: Mozambican State Utility just approved transmission route for Company's proposed 500MW Grid Scale #Solar Project, largest solar project in Moz!
#StocksToBuy #stockstowatch
#NCCL News EDM (National Utility) approved 300MW Grid Scale Solar Project tranmission route crucial for market to take project seriously, showing National Utility on board. inclreasing likleihood of realisation of largest proposed Solar project in Mozambique!
With news of Transmission Route Approval by State Utility, and Market Cap of £4million on Mozambique's largest proposed Solar Project, 300MW to connect to Grid, upside from here potentially unparalleled!
STRONG BUY imo.
#StocksToWatch #StockMarket #StockMarket
GCM who have the coal and popwer project, at Phulbari in Bangladesh, today announced an extension to GCM's Memorandum of Understanding (MoU) re: the Coal Mine Development project.
We know NCCL now pushing on their coal project, exploring JV or sale (with parties engaged, I believe, at early stages). GCMs news shows that China remains open to coal mine development (i.e. there is no blanket 'NO' response to foreign coal mine projects - GCM shows this).
Could get interesting...very interesting!
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'The Company advises that, further to its announcements of 23 November 2021, and 2 June 2021, Power Construction Corporation of China, Ltd. ("PowerChina") has agreed to an extension for a period of a further 12 months from 6 December 2022 to 6 December 2023 on the same terms as the previous memorandum of understanding ("MoU") which is primarily focused on the Phulbari coal mine development. This will allow PowerChina and GCM to determine the modality for PowerChina to become a Mine Development Partner, subject to the approval of PowerChina internal compliance and all other relevant regulatory agencies.'
https://www.investegate.co.uk/gcm-resources-plc--gcm-/rns/mou-extension---phulbari-coal-mine-development/202212120700032978J/
Those Shares from the Placing should've been admitted to the market at the start of the week, and definitely by now. However, there doesn't seem to have been any major selling (some selling, yes, but not huge in the scheme); no huge rush for the door to get rid of Placing shares. That's good to see in my book.
1. So Valuations for Solar Project are now in, and demonstrating significant upside.
2. And the placing is done, NCCL funded till end of April, 2023.
Current SP has got to be close to the absolute floor here. And even if not, still represents HUGE upside, in light of the two above points.
Good luck folks!
Excellent post Bladesharp!
Top post bladesharp!!