Believe current efforts by shorters are to give them a final chance to close out. If indeed they think Zaza and FRR are talking rollox and none of what has been said about SUPER MAJOR is genuine, then they're welcome to continue to short. But they need to have deep pockets and steel rollox
The shorters need to use the opportunity to close up and peg it it out of dodge before SUPER MAJOR News lands. In fact. suspect that they are working hard to use the time and dips to close out (trying to continue to short in light impending SUPER MAJOR news is kamikaze, to say the least).
Notice of AGM RNS
https://www.investegate.co.uk/ncondezi-energy-ltd--nccl-/rns/notice-of-agm/201810120700057934D/
NCONDEZI ENERGY LTD (NCCL)
Friday 12 October, 2018
Ncondezi Energy LtdNotice of AGM
RNS Number : 7934D
Ncondezi Energy Limited
12 October 2018
News Release
12 October 2018: Ncondezi Energy Limited ("Ncondezi" or the "Company") (AIM: NCCL) has today posted the notice of its Annual General Meeting ("AGM") to shareholders. The AGM is scheduled to be held on 5 November 2018 at 10 a.m. GMT at the offices of Bryan Cave Leighton Paisner LLP, Adelaide House, London Bridge, London EC4R 9HA, England.
The notice of AGM is also available on the Company's website at the following link: http://www.ncondezienergy.com/general-meetings.aspx
Enquiries
For further information please visit www.ncondezienergy.com or contact:
Ncondezi Energy:
Hanno Pengilly
+27 (0) 71 362 3566
Liberum Capital Limited:
NOMAD & Broker
Christopher Britton / Richard Crawley
+44 (0) 20 3100 2000
Novum Securities Limited
Joint Broker
Colin Rowbury
+44 (0) 20 7399 9427
Ncondezi owns 100% of the Ncondezi Project which is strategically located in the power generating hub of the country, the Tete Province in northern Mozambique. The Company is developing an integrated thermal coal mine and power plant in phases of 300MW up to 1,800MW. The first 300MW phase is targeting domestic consumption in Mozambique using reinforced existing transmission capacity to meet current demand.
If shorters are continuing to short this, they med to start closing their shorts. It's getting nearer all the time, to the point of a '...pants-down' hammering.
Good luck all!
Been over month since the initial announcement of NDA with majors. Since then we've had a very positive meeting confirming Super Majors and that B12 is potentially on a par with anything in Russia and that FRR want to confirm a deal asap. We'll be hearing soon I'm confident.
Yes, see it, Med_is, thanks. So we remain well within company guidance. Fits with Aeasty talking about it being a complex institutional process.
Also, expecting the letter soon...
Good luck all.
Deal with a major likely sooner than some folk realise. Zaza was moving to wrap a deal up ASAP, having said progress so far had been very good. 'Sooner better than later...', we're his words :-)
In my opinion, news is imminent.