Member Info for CF73

...just cleared?!?!

...is no different to two or three weeks ago. Nothing has materially changed, no new information, meaning that, at the very least, there is no basis for feeling less confident than three weeks ago. This is the process and situation as it has to be, whether we like it or not. I can understand the worries of those who need access to their money. Other than that, all we can accurately deduce is that their is an ongoing court case, and that there is a decent glimmer of hope based upon the last set of court papers we were able to see. This glimmer of hope, in my mind, remains at the same level of hopeful intensity as when we saw those court papers and felt we had - going by the judge's comments - a fairly good chance of a strong appeal.

I'd add that I have no doubts about ZM and SNs alignment. Extremely comfortable about this.

In agreement Coco. I am expecting April JDA. Yesterday's interview did not signal slippage. Hanno said all he would be allowed to say.

That interveiw was intended to be about the GridX deal and not about Ncondezi power project and the related JDA.

Weeks, possibly even days away. Good luck all!

Stonking post Zibs!

Finally had the chance to listen to the Hanno's Proactive Interveiw. On the matter of the binding JDA and the proposed April timeframe, what he said was all he would be able to say at this point. However confident he might be and however far they might have progressed, he would not be able to say – and would not be allowed to say - that it's going to definitely happen April, as to say that would be to say that it's a done deal, when clearly they are meant to be working on it until news is released. So, until news is released, all he would be able to say is exactly what he said --- that they are:

"...still very much working on an April delivery, with the strategic partners. We've been engaging on a regular basis to finalise the documentation. And all parties are currently in agreement to get the document done as quickly as possible. That is the main focus, that is my main focus at the moment..."

Anyone expecting more than that in this interview is setting themselves unrealistic expectations.

FRR have questions to answer but folks still wanting some morsel of news while this court casing is ongoing, are just setting unnecessary expectations, both for themselves and for potentially others.

As hard as it is, this is the reality. And I say this as someone who could probably do with some of that money soon.

Good luck to all the genuine folks here.

Indeed smile, we all have out strategies (though they can evolve further depending on changing situations).

One thing right now that helps a lot is knowing that there are no planned near term raises. Think we need some breathing space after the last two in quick succession (though they were needed). Now is the time to give folks confidence to build and hold and give the SP opportunity to grow and find new more realistic levels.

Some good days, weeks and months ahead, I believe.

Good luck to all the genuine holders here!

Large recent buys tells me we could get news any time. With such few shares in issue and limited free float, could be an interesting few days ahead.

Still focused as before on JDA within the month.

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"In parallel to the JV with GridX, the Company and its potential strategic partners continue to be focused on delivering the Joint Development Agreement in respect of the Ncondezi Project during April 2019"

...and YA were left lightly. They agreed to a deal that made life much easier for FRR. Naked short selling is illegal and YA could've been taken to through SEC and to the cleaners (and SEC would've been loving it, smarting from a previous failed attempt to YA down). So when YA had been caught, why was it just a matter of structuring the debt and nothing more?!

...because YA have possibly spilt the beans on TW and the rest, including Hope/OMF?!

TWart should've been in lock up a long time ago but 'they've' never been interested. It'd take something like FRR taken him and his chums to the cleaners via the US courts -- and worth remembering too we haven't still worked out why YA were left off so lightly...

...in short, I'd be surprised if they weren't linked...

Great stuff. Feel this is now being carefully archestrated under BRI and state-to-state level discussion and compromise.

Someone said that Polo's stake was bought at an average 180p per share.

The takeover price will be much, much higher.

A measure of the likelihood of the project to see realisation is the partners they have on board. Looking at NCCL, another Coal to Power Project, we'll see that they have GE and CMEC, to global giants. NCCL now have governmental approval and is now just about formalising binding JDA. GCM finally have their own global giants on board. This is the difference between now and before. These partners will bring a positive decision on Phulbari soon.

Thankfully, whatever selling, seems to also be considerable buying (whether or not those sells are going directly into the hands of the buyers). That buying is more significant than the selling. Why?! We can guess some of the reasons for Dyani, Killkenny selling -- but you would only be buying £75K and £125k worth if you had knowledge of strong positive news on the horizon. They are not simple punts.

From the article, worth reposting this again (about signficance and influence of PowerChina within the BRI):

"In Kenya, through our project finance products, the bank has supported companies such as PowerChina - who is one of the leading companies of the BRI - in bidding for large projects in roads, airports, port, infrastructure construction, production and transmission of clean energy," he added.

These large buys have been going for a couple of weeks.

GCM are absolutely bringing together the right partnerships. Absolutely the very best most influential for making tbis happen (knowing that GoB are beholden to BRI and China for so many projects and programmes)

We know GCM are through PowerCHina etc. bringing Phulbari under the BRI. How seriosuly should we take all this?

See the following article (April 1st) and this bit;

""In Kenya, through our project finance products, the bank has supported companies such as PowerChina - who is one of the leading companies of the BRI - in bidding for large projects in roads, airports, port, infrastructure construction, production and transmission of clean energy," he added.

----------------------------------------------------

http://www.xinhuanet.com/english/2019-04/01/c_137941230.htm

"Standard Chartered Bank launches Kenya leg of Belt and Road relay
Source: Xinhua| 2019-04-01 21:00:57|Editor: xuxin

NAIROBI, April 1 (Xinhua) -- Standard Chartered Bank Kenya on Monday launched the Kenya leg of the lender's Belt and Road relay, a global running event that will cover 44 markets around the world.

Kariuki Ngari, CEO of Standard Chartered Bank Kenya told journalists in Nairobi that the 10 kilometer race at Nairobi's Karura Forest drew more than 300 employees, clients and partners to participate.

"To showcase our commitment and highlight the positive impact of the Belt and Road Initiative to communities and businesses globally, we have created the Standard Chartered Belt and Road Relay -- the first-ever attempted relay along the Belt and Road, run by our employees across 44 markets over the course of 90 days," Ngari said.

He said that the relay is led by eight staff athletes selected from the bank's diverse footprints in Asia, Africa, the Middle East, Europe and the Americas. Ngari noted that the team has so far covered 25 countries with 19 more to go.

The Standard Chartered Belt and Road Relay kicked off in Hong Kong on Feb. 17 and will end in China on May 11.

Proposed by China in 2013, the Belt and Road Initiative (BRI) refers to the Silk Road Economic Belt and the 21st Century Maritime Silk Road, aiming to build a trade and infrastructure network connecting Asia with Europe and Africa along the ancient trade routes of Silk Road.

"By traversing the Belt and Road markets on foot and engaging clients, governments, media and communities, our Standard Chartered Belt and Road Relay athletes will showcase our commitment to be the one bank for the Belt and Road Initiative," Ngari said.

He said with the bank's rich heritage and deep local knowledge, the bank is ideally placed to help its partners, clients, and local communities to make the most of the initiative.

Ngari noted that key opportunities in Africa presented by the Belt and Road Initiative include transactions related to major projects in the power, infrastructure, logistics, services, real estate development and related financing.

He said that East Africa and Kenya in particular, plays an integral role in the initiative due to the huge opportunity in manufacturing, and the region's existing plans to connect rail, road and energy networks."

[...]

Significant buy orders being filled in the background, signalling significant news on the near horizon??

Good luck all!