Member Info for CF73

My thoughts too Mike as to why volume not completely ramped up. Will be interesting if tariff news arrives bundled with JDA. JDA will contain key numbers i.e. percentages forming partnership, what we are paid for what relinquish above the 'minimum 60%' etc. And various other terms. But you could imagine the mark upon open with JDA.

With you badeli, going to be a very interesting closing out of the week

When volume arrives, watch it gap and catapult :D

splatted, hard to know how they want to play this. But end of month is already upon us :-)) So news is imminent, however it arrives :-))

Given its going to go mental when tariff lands, and we're so close to end of July binding JDA milestone, it's quite possible entire thing is bundled (though at this stage, there won't be a huge amount to say on the tariff since its 'in principle' approval and they won't want to be publishing the figures just yet, I would've thought).

Following on, of they take 20% between them, that would leave us with 20%. If they pay X amount between them for taking the 20%, then that instantly places a value on the remaining 20% we keep.

Good stuff stevenc72! Yes, very helpful reminder Currently, the JDA will comprise a minimum 60%. That's 30% each to GE and CMEC. A further 10% each;, to become majority partners, for example, takes that to 80% between them. That's 20% bought off us. Worth saying that GE paid near $400million for their 20% stake at Lamu. Granted that was to be reinvested in that project (including buying GEs own super critical tech and hardware etc), but it gives some idea of possible ball park value and figures. Also worth saying they Lamu (power plant in Kenya) was just the power plant whereas we are a coal mine and power plant.

https://www.youtube.com/watch?v=UvRbGo-Jb-w

Couldn't resist a second shot at this :D

badeli, thanks for the post. Is a welcome reminder! :-)

Excellent work Med_is, me ol mucker :-)

Will go mental when tariff eventually lands. So a lot of thought will go into the post-tariff, and pre and post JDA strategy before the tariff RNS is released. Not as simple as just releasing the RNS. And as it should be :-) Getting seriously interesting!

Finishing above yesterday's close will do me fine. Likely open up tomoz, definitely though if RNS saying Tariff has landed.

Monkey, then Baboom lol killing me :D

Come on Hanno Buddy ;-)) https://m.youtube.com/watch?v=UvRbGo-Jb-w

MMs clearing the way by shaking free some less certain holders.

Agree with Aesty

If there is going to be a delay or additional time required, we will be notified. For example, regarding EPC and O&M, we had an RNS on the 18th April 2018 (the RNS that finally broke radio silence);

"Proposals for engineering, procurement, and construction ("EPC") and operations and maintenance ("O&M") contracts received but require additional information, with a deadline of 23 April 2018 to receive complete proposals."

If there is any further time to wait, time that is deemed material, then we will be notified, along with the timeline for when we should expect to hear, based on what has happened before.

Those who have done their research will be confident enough to wait. Those here to trade will be less confident, jumping in and out. I'm not here to trade ahead of JDA.

Good luck to all the genuine muckers and holders!

GE, in particular, because of scalability to 1800MW, as there is a demand amongst southern African neighbouring nations, not to mention that only 28% of Mozambican population connected to grid

There's huge demand and therefore a market, meaning demand for a hell of a lot of expensive GE Super-Critical Hardware, Tech and Expertise.

Remembering that the Mozambican El Presidente, Nyusi, was reported to have referred to our project in Tete (in an article published May 2018), saying;

"Nyusi said that a coal fired power station will be built in Tete province, plus a new transmission line interconnecting the Mozambican and Zambian"

https://www.miningreview.com/mozambique-100-mw-floating-power-station/

Thanks to the trusted muckers who found the article and did follow up research to confirm there is only one coal fired power station now being seriously progressed in the area -- i..e our own.

Well if it ain't the two muckers, Laxey n splatted :D

As other posters have pointed out, we have good connections with EDM (including former colleagues, I believe)l; we have put forward a tariff this time round that is 'more than 10%' cheaper than before (they have said 'more than 10%'); EDM have their own government instituted targets t of around having to make 200, 000 connections in 2018, 300, 000 by their own targets. Towards making tariffs reflect costs and support investment, this following from a May 2018, with interview with Dr Mateus Magala, CEO of EDM;

"[...]...The government also continues to provide unflinching support in the movement towards an economically viable tariff regime with the expectation to reach cost-reflective tariffs by 2019 (tariffs had been frozen for 10 years and were well below cost). We still have much more to do. However, we believe we are moving in the right direction."

And:

Our medium-term vision is electricity in every household, and in all enterprises by 2030 and making EDM a diversity and inclusive organisation. We are therefore focused on implementing the following transformational objectives by 2030:#

1. Achieving Universal access to electricity
2. Transforming Mozambique into a regional energy actor in southern Africa

And:

!We will need partners who will help develop infrastructure in generation, transmission, and distribution both in the short as well as long terms. It will be especially challenging to ensure adequate, reliable and resilient transmission infrastructure across the country. This is because Mozambique covers a relatively large and long territory with requirements for long and extended transmission lines. We are now in the process of completing an electrification strategy which will consider the appropriateness of the mix of both on- and off- grid solutions.

"Also, and as a critical consideration, it will be necessary to establish an effective and fully functional regulatory board. Primarily, this body will ensure the introduction and management of full cost reflective tariffs. It will also ensure continuous provision of reliable and efficient supply of electricity to the general populace, as well as to the economy in general."

https://www.esi-africa.com/exclusive-interview-electricidaded-de-mocambique/