Member Info for CF73

Some lamo deramping here, from novices clearly, with their 85 posts etc. Good luck all :-)

This bit; "In particular I look forward to keeping our shareholders informed of our progress as we prepare to onboard one or more strategic investors into our Mississippi project during the coming months." Significant news to come in due course.

Suspect there was a general sense this was coming - especially after the leak - so good to have the fundraising sorted and out the way now. Folks can now get in/ top up knowing it's done. I'm certainly to have it out the way :-)) Onwards and upwards! :-)

OlderandWiser, exactly. The Lurker doesn't do specifics. When we were given the figure of $1.1billion to $1.4billion in taxes and royalties, they were giving us a significant signal to the size of the NPV. No one would take the project on if taxes/royalties were over a $$$billion, in turn, for example, leaving an NPV of say only a $100million over the lifetime of the project. Especially when also adding debt repayments. The other thing to add is that a) a large proportion of the debt will be used to buy own equipment, tech, expertise and services; and b) we're getting our coal supply dirt cheap as well as it being a secure supply (not to mention selling some of it to KIBO and others). Huge impact on NPV via this integrated route. Annual revenue upward of $300million and taxes/royalties upward of $1.4billion help to provide stonking indication.

Too true Laxey!

Great stuff Laxey :-) Another poster asked about revenue. Hanno explained in a podcast it would be of the order of $250million to $300million annually --- that's every year, $250million to $300million!! Then you think about tax and royalties at between $1.1billion to $1.4biilion for life time of project. Then add that GE and CMEC to lead on/ raise finance and debt, which they will in turn use to buy their own tech, equipment, infrastructure, expertise and services. Then the coal at to our power plant at the cheapest cost ever (indeed, if we sell to the likes of KIBO and others -- it'd be close to next to nothing in terms of cost for our power plant). Add VAT exemption on what would have been 17% And you get an idea of an absolutely monster project NPV. We're talking even surprising us optimists.

Laxey, top summary with the coup de gras of clinchers. Respect me ol mucker for helping us build that picture...in fact, respect to all the regular muckers, been no mucking about here :-))

20p equates to a market cap of £56million. Though dependent on the finer details of the JDA, including percentages and what the 'new' partners pay for it (i.e. further 20% above minimum 60% equity stake at fie example $150million, as per gods calcs, instantly valuing our remaining 20% similarly??), then 20p would be utterly dirt cheap. If the example numbers happen, then can see SP above 40p. But as many of us have said, dependent on the numbers in the binding JDA, due end of month. Good luck all!

Volume wasn't huge and there was it seems twice as many buys as sells. Can only assume manipulation of some kind, with influential entities setting a price for their accumulation. To my mind, no different to before - they will let it go again.

No coincidence at all! Specifically, the link is to an article that sums up really well what a few of us have said about GE's recent struggles and why they need projects like Ncondezi as a fundamental part of their turnaround. ------------------ "The biggest challenge we face continues to be working through the turnaround of our power business,” Chief Executive Officer John Flannery said Friday on a conference call with analysts." ------------------ The background situation around GE (from their slump to their Alstom purchase, and need to put it to use, and the wider need to rebuild their power division) is ultimately what gave the additional confidence to make NCCL by far my biggest holding. GE haven't necessarily publicised that Africa and emerging market strategy. They've moved quickly behind the scenes to link with China's Belt and Road initiative. CMEC, a Chinese state giant, even listing GE effectively as their biggest partner. Siemens and others seem to be arrived to the scene rather more sluggishly. These moves by everyone have generally been clouded in secrecy. Goes without saying, Mozambique need this. EDM have been tasked with making those connections to the grid. Only 28% of the population connected. And a desire to sell to wider Southern African Development Community too (and they've said they want it too). Even their El Presidente has referred to our plant at Tete being built (which NCCL have tweeted the link to - see second NCCL tweet). But more than the need - though it's obviously critical (i.e. means demand, therefore a market) - having two deadly serious juggernauts as partners is what's moving this, including a hungry GE who want badly a turnaround in their fortunes. Appreciate the contributions of all the regular ol muckers on this BB. Been awesome! Now let's help get this over the line :-))

With that tweet, finally NCCL come out ramping :-) The tweet signals to us that NCCL are part of GEs strategy, that they have fill intentions to be working in cahoots, and that they will make sure they do :-)) Great day and finish to the week. You can sense next week's going to be a blinder, of epic proportions. Good luck to all the ol muckers! :-))

Great stuff mikemine :-)

...let's remember last time. How it took a while to build. We have more going for us now, more deals and progress out in the open. So much going on here. Will pick up again, I have no doubt.

Promising stuff! :-))

...can see those 2 × £30K buys on LSE too.

...was wondering what was going on with all those sells :-)) Good luck to all the genuine ol muckers!! :-))

Wow!!! NCCL just tweeted the below: -----------' "Power generation will remain a key business for the new GE" - GE latest earnings report" -----------' Basically telling us JDA on the way!! :-)

...yup, seller looking like done and dusted :-))

...tick up 8.75p...

*in principle tariff approval (not tiff)

Main things for now are the in principle tiff approval and binding JDA. That's where we'll get our biggest re-rate. Binding JDA should contain the key numbers, historic costs, percentages taken by partners and what they pay for it. Should be mega!!! :-) All in a matter of days now. Good luck all!