Member Info for CF73

Andrea, Why are you comparing us to ZIOC?

I've provided a better example with GCM and others with VRS.

....also see how you have covered your own ar se, with that 60% share comment.

Apologies though for thinking you were Lurker's mate. Clearly, Lurker doesn't have any ;-))

mike29, nay problemo, my post was aimed at Lurker an his ol mucker Andre01

Agreed Aeasty, completely.

Let's make a comparison.

GCM have a coal2Power project in Bangladesh. Current market cap varies but in the order of £25million (98million shares in issue and 24.25p SP). They are working with Chinese, But the project has been beset with problems. While the company continues work on its partnerships, the coal mine, the key element, does not have go ahead from the Government of Bangladesh. So the project seemingly hangs in the balance (though my own belief is that the project will eventually get go ahead). However, there is belief amongst the LTHs that once the 'Green Light' is given to their Scheme of Development, that the SP rise to between £3 to £4 per share. At £3 per share, we're looking at a market cap of £300million. This is the expectation they - LTHs - have on news, this is before anything exchanged or built.

As it is, for a project whose coal mine (GCM that is) doesn't have go official ahead, leaving it precariously balanced, they still for some reason have a market cap greater than NCCL's, where our market cap still remains below £20million.

Where NCCL have nearly everything in place, permits etc. just awaiting tariff. And a binding JDA about to happen end of July, a time line repeated by the company on many occasions. Remembering that our project has expected annual revenues of upwards of $300million, tax and royalties that will amount to between £1.1billion to $1.4billion over the life time of the mine, where our coal supply will come to us secure and at the lowest possible cost (coal we will sell on to like of KIBO), where debt will be used by GE and CMEC to largely buy own equipment and services etc. All pointing to great economics and monster NPV.

And yet we have folks thinking an SP of 15p on JDA, equating to market cap of just £40million??? £40million market cap on JDA???

I could be wrong, as I've said before, but it's my view strong view we will be well above 20p following binding JDA.

Debt raised by GE and CMEC will be used to buy their own equipment, tech, expertise, services, infrastructure. It is the most productive and conducive situation in which to accrue debt. It's why it is better that GE and CMEC be involved than some other party who would have to raise debt only then to buy someone else's equipment, expertise etc. Then you have coal coming to the plant at the lowest possible cost, ensuring better margins for power production and for security of supply (coal that we would also be selling to others like KIBO).

Additional to that, whatever monies we do get in return for whatever percentage is fully expected to be reinvested. But that will still have a valuable affect on the SP as it's money to invest we do not have at present, in a project that - as yet - hasn't confirmed its partners. So anything and everything (if we get our binding JDA) will be to the good compared to where we are.

If - as gods uses as an example - they pay us $150million for the additional 20%, then we will reinvest that money. That is why GE and CMEC would be able to pay us whatever level it turns out to be. If it is $150million for that 20%, then it leaves 20% which we can reliably also value at around another $150million. The SP should then reflect - to whatever degree - some of that value i.e. potentially upwards of $300million, but the least something very decent indeed.

Good luck to all the genuine folks!

DHC, exactly and much appreciated too!

Reassuring for me, yesterday's RNS not only settled the issue of VLS F-T tech being perfectly sound, it was also great to see there is an insurance claim being processed, i.e. '...this reactor has been removed from operation and is undergoing analysis by ENVIA's insurance company as it processes a claim'

That should sort costs.

It took a while to sort and from that RNS yesterday, we could see why. There was a hell of a lot to do to bring the situation to a certain point where they could prove to respective parties - including insurers - that it was not VLS and then come back to the market. The insurance company would have been brought in early to observe the process as can imagine that they will not necessarily be the leading experts on this (even if they could bring in expertise) -- once proven within certain level of certainty, better the insurance company pay out than prologue and cost themselves more money.

We can now begin to make sense of hose those recent deals add value.

...so much more to come. I'm just relieved things are back in track.

Dsaurez1, there'll be a number of folks who've held medium to long term who rarely post. I don't mean them (and therefore you) and suspect that me ol china Splatted don't either. Good to be hearing from you and keep it coming!

Truest thing said today Splatted :-D

Massive buy, blimey!

Agreed stevenc72, was pleased even with slight tick up today :-))

It's a strange one. So much pump and dump going on. Yet we have monster building here, all in the near term, with a clear time line. Perhaps the clear time line is giving people ideas about when to get in. For me, that 8 or 9 months ago, after it'd been on my watch list for years. Others, leaving it till late I guess, may be even following news. The 'under the radar' thing is probably because NCCLs always been a sensible company. Not prone to mega ramping. Will be great to see how a sensible company multi bags though :-)) Good luck to all the genuine folks!

Couldn't agree more splatted me ol mucker.

PIs across AIM fail to understand the value of research in building confidence. You can never something is guaranteed but if you are well researched here, you would know that this is happening. You don ot involve the likes of GE and CMEC to fart. Put another way GE and CMEC do not get involved to fart about

Research folk should have done here is not just about NCCL, but on GE and CMEC (their currents struggles and/or programmes here and elsewhere), on EDM and Mozambique, on Africa, and you would know this is happening. You would know about GE's situation and why this project matters. You would know about 'Belt and Road' initiative. You would know that the president of Mozambique has referred to the building of this project in the Tete province, and so much more.

End of month it still is for binding JDA, with tariff news before then.

...more to come...

...good luck to all genuine folks!

...about to break out of this range...

good luck folks!

...they're still working to the end of July time line, the last time they updated the market.

...from the interview, Hanno mentioned that tariff had gone to government. We should be hearing in due course, and clearly needs to happen this month some time and in advance of the binding JDA conclusion, if the end of month time line is to hold.

They have kept to the time line to date and so I remain confident that they will be perfectly within range of that time line.

Ruddy, bluddy marvelous DHC, thanks :-))

Agreed Stew, looking at 15p this week for sure, if not today. The news puts us back on track and also means that that recent news, June 18th and June 19th, can now be factored in as well:

"Velocys plc (VLS.L), the renewable fuels company, is pleased to announce that £4.9m of funding has been secured to deliver the next development phase of the waste-to-sustainable jet fuel project that the Company is developing in the UK. As part of the funding package a grant of £434k has been secured from the Department for Transport (DfT) under the Future Fuels for Flight and Freight Competition (F4C). The award of this grant, together with ongoing policy support provided by the Renewable Transport Fuel Obligation, will help this innovative waste-to-fuels project bring jobs and clean growth to the UK. The project is being developed with the financial and technical support of Shell and British Airways."

https://investegate.co.uk/velocys-plc--vls-/rns/development-funding-secured-for-uk-project/201806180700046371R/

The above was always a massive deal - £4.5 million secured in grants and industry contributions!

And then June 19th:

"Velocys plc (VLS.L), the renewable fuels company, is pleased to announce that it has partnered with PQ Corporation (PQ) for the supply of commercial quantities of Velocys' proprietary catalyst to be used in multiple biorefineries incorporating its technology. PQ is a leading global provider of specialty catalysts, services, materials and chemicals for the refinery, emissions control and petrochemical industries."

https://investegate.co.uk/velocys-plc--vls-/rns/velocys-and-pq-partner-for-catalyst-manufacturing/201806190700138198R/

The above being another great deal!

We can now factor those back in

Good luck all!

What a relief!!

This is one of those companies you invest in and not trade (if you were me, that is). Been a difficult couple of months but sorted.

Back towards 20p and 25p and then more...

Good luck to all the genuine folks!!

great stuff stew, this news puts back on a trajectory headed for 20p and then 25p, as per before, until news of the leak landed. What a wounder that was...and I'd just topped up at 15p too LOL

Bring it ON!