Member Info for CF73

There's a quite a number of buys going in on NEX, so hidden. Been a good morning so far.

Good luck to all the genuine folks!

Feeling agrieved too about these levels. Should 8p or 9p at the least. We got to that before with less news. Worth even more now. Anyway, '...Clear path to derisking project ' with '...milestones in June and July that will unlock value for shareholders.' (Company's own words very recently ).

Laxey, that's a crazy ass killer post by the way

Aesty, That's a real teaser about Hanno doing a podcast. Cos you're right, he only does a podcast after news :D

Great stuff Laxey, Dandy Aesty avd crew. Indeed a big BIG week this. I know a few looking to take initial positions early Monday morning. Last Friday jitters completely unnecessary but now provides a good bargain entry given the news we've already had. Today we're into July. Four weeks from now, as per company guidance, end of July binding JDA. Between now and then, tariff update. I'm confident we'll get a significant SP surge following tariff approval, when binding JDA then becomes a matter of course. By the way, end of July is 31st, is a Tuesday. Friday 27th July may perhaps be the mother of all 'You wouldn't want to be out over the weekend' moments :-)) Good luck to all the genuine folks!!

Found this useful too (from yesterday's RNS) -------------- "The terms are to be finalised in a binding JDA which is subject to CMEC and GE successfully completing their due diligence and agreeing the terms of the JDA. As part of this process, the Company has submitted to CMEC and GE a draft JDA and updated the FM based on new EPC and O&M proposals received from its potential partners in April 2018." -------------- By 'terms', they are talking about, in particular, the numbers. What percentages, what monies etc. The last piece of due diligence is the in-principle tariff approval. We get to hear about these at the point of binding JDA confirmation. Below is the portion in the RNS about end of July deadline, following tariff approval. ------------------ 'Receipt of this support [tariff approval] is being treated as a main priority and is a key factor in finalising the JDA process which is currently targeted for end of July 2018.' ------------------ So while they acknowledge early July submission, they to work to the original time line (i.e. currently) Good luck to all genuine folks!

The recent Options RNS stated a sequence of milestones that the company was working towards, to which were attached share options. The first in that sequence was binding JDA (yesterday's financial results RNS informed that this is still targeted for end of July). The second milestone in that sequence was a capital drawdown. This would be, it would be sensible to assume, Return of Historic Costs. There were in total five key milestones, culminating in Financial Close. The two I mention were the first two, in the order I present them below. My interpretation, therefore, regarding that sequence of milestones is that once we have a confirmed binding JDA (e.g. still targeted for end of July), we will subsequently receive capital by way of that drawdown. These are clearly ordered before the next three milestones. In other words, we should expect them to be executed before the other three. The Options RNS was from 29th May, a little over four weeks ago. Given that these milestones are heavily incentivised, I can only assume with a high degree of certainty that this is the company's preferred and expected path (not to mention their being in an RNS and so therefore official company guidance). --------- '2,790,779 options vest on the execution of binding documentation with a new strategic partner [...]'   '2,790,779 options vest on the first draw down of capital from a new strategic partner [...]' https://www.investegate.co.uk/ncondezi-energy-ltd--nccl-/rns/share-option-grants/201805290700154082P/

Tariff will be approved as it's now better by 10% or more than the one previously agreed with EDM. When it is and we hear, going to go mental as the binding JDA then is the merest of formalities (FM approval signalled to me that JDA was ready to go,,just tariff to do). Good luck folks!

Stonking stuff me ol mucker! That post should put a rocket up Furker5's bowtocks.

Stinkyowens, I agree with you, that those JDA discussions are already more than commenced (thinking about it, they're probably near to full completion minus tariff approval). This is why an end of July time line remains in place. Putting it another way, it's not like those JDA discussions can only start only once the tariff's been approved... Good luck folks!

Have seen similar drops and same day rises on AMC and KIBO very recently.

We should hear about binding JDA sometime by four or five weeks from now. In the mean time, the tariff agreement to update us on. So we'll kick off before JDA conclusion when tariff lands, but with a more significant re rate on binding JDA

Metaltrack, only have company guidance to go on. Initial negotiations with GE and CMEC and EDM enabled them to set a time line of milestones that involved submission of tariff around mid June and end of July target for binding JDA. Nothing significant has happened other than it seems the submission of tariff two weeks later than their own guidance had initially pointed to. However, even with new time line for tariff submission, they are clearly retaining their preferred time line for JDA confirmation. If they keep to all that, then things likely to move very quickly on due course. Good luck all!

splatted, agree being realistic is crucial. I go by company guidance because that is the official line and that is what they are working towards. I am also mindful that even once agreements are reached, that it can take a few days or even a week or two notify the market. As examples, we can see how PIs became a little edgy running into April deadline for EPC and O&M updates and with regards to the Financial Model in June. Both came through well in the end, without a real delay as such, even if notification came a few days later than preferred by PIs (including myself).

Going by own way of doing things, I continue to hold with in mind company notifications and guidance;

Tariff due in very early July, with all relevant parties working towards binding JDA by end of July. We will likely get a notification at some point thereafter. Whether four, five, even six weeks, is not a huge amount of time to wait given what we have to come. Remembering that Hanno himself has said

"We currently have a set of milestones during June and July to deliver our partners, which will unlock significant value to shareholders."

Where else folks going to hear such strong words about shareholder value in such near term terms?!

Just a matter of patience over what is a not a long period of time. Good luck to all of us genuine folks!

Lookin at that, we can see by the options RNS, how that lines up. ---------    "2,790,779 options vest on the execution of binding documentation with a new strategic partner [...]"   ·      "2,790,779 options vest on the first draw down of capital from a new strategic partner [...]"

Let's have that again (thanks Otago); ----------------- @RTF83 @VoxPodcast @Ncondezi_Energy Framework for previous arrangement was based on $25m paid to #NCCL on JDA and $35m at FC so working along those lines dependent on revised T&C with GE they could be in for a bumper payday on JDA that’s still targeted for end of July...

LOLOLOL

Thanks for that Otago, extremely helpful!

Lurker, take a look at Laxey"'s post and then to Options RNS. There's a key distinction the be made. In the sequence, there is a listed a significant draw down. These are the return of historic costs, categorised as separate from FC. Has been known that FC is further on down the road. And I understand and agree that certain funds cannot be drawn down until then. But binding JDA is not subject to that and that's what I await, the JDA conclusion, which is also what the company remains crucially focused towards. Lurker, your tone is problematic.

As it is, we are expecting a significant injection into company coffers in quick succession following binding JDA.