Member Info for CF73

Is possible those shares were collected over a period of time, a buy order (would take time, too). Someone else mentioned that these could have been moved between parties. Whatever it is, is a very strong sign of confidence!

The Green Energy/ Solar Project loan thing is dubious. But Scott holds 20% of the NCCL stock, the value of which is subject primairly to what happens with the main project. His holding at the moment is valued at around £2.75million. Am guessing he is below whatever his mid price is. So he needs the main project to come in, to ensure that he at least gets his money back. But am personally confident he'll make more than that.

That 10million share purchase is a massive boost. Scott now interested in 19.824% of the total stock, nearly 20%!

You wouldn't do it, especially at this stage, unless you were confident of a good return.

Great stuff!

The idea is that this is the start, and that they are well placed to scale up and take a meaningful chunk of the market. Is good to hear they on target with no additional delays. So we should be in receipt in revenues soon.

As regards to how we pay back, there is the option of conversion or that there is a wider, more significant event, that resolves this :-)

I take the most recent set of updates/ RNSs as more than reassuring. They are telling ius they are in value determining negotiations, from Tariff to the Susncription Price. Ahead of their atually agreed confirmation, they aren't exactly going to be telling us anthing else.

This said, we do need for the company to be wrapping this up (to be honest, I think they all eed wrapping this up - they need 300MW ready to go by 2023, and into Q2 of 2021 already, and this thing needs to be built, and will be).

I have a good holding here. I have a few other smaller plays. If I can get out of those in time, those funds are coming here.

Good post G_G_G

Regarding at what point CMEC move NCCL on, if they wait till FC, then they got to go through NCCL (supposedly) to deal with Moz.

By a certain, that will probably not be the preferred process for CMEC.

I run my own business. If I was in CMECs position, I'd be fine keeping NCCL involved up to a certain point/ they being the initial project proposer and intermediary.

But if I was looking to take up 60% of the project, or even 100%, there would be a point in time by which I would want to be engaging more directly with Moz. That point in time would be once tariff was agreed. I would not want to be negotiating the PPA with NCCL still involved (in its current capacity) once the tariff was confirmed.

Synergy has been brought in to broker between NCCL and the other parties. Certainly, to get a price for 60% of the main project, if not 100% of it (as Hanno has said, some or all of their proposed 40% could be sold); and may be even to buy them outright, including solar, which CMEC is now interested in.

My own thoughts for what they are worth, DYOR, as always, but is looking good for me.

My view is, once Tariff is approved. conversations/ news around EPC and O&M become inconsequential - they are mere formalities.

Tariff is the fundamental value in a power project. Once that is agreed, there is a way of knowing what future profuts could be, and therefore, the ability, in concrete terms, to work out Subscription Price and even an outright Sale price. As I have said here and elsewhere, the process for determining the Subscription Price has got to be very close to - if not the same as - the process involving an outright sale (i.e. details/ modelling, formulas, market sensitivity etc.).

In my view, once Tariff approved, they move very quickly onto unlocking 'all the remaining milestones', with EPC and O&M becoming mere formailities. Once Tariff agreed, I can see CMEC wanting to 'remove' NCCL from the picture, in order to sort PPA (which is far bigger thing than EPC and O&M). They can 'remove' us by taking the 60% stake or by buying us out. But even agreeing to that 60%, they will still need to go through us until a transction where that 60% becomes theirs.

Let's remember, Hanno is on record as saying they could sell some or all of their proposed 40%.

Given the moderate silence on the main project - this morning's RNS was a good holding update, for me - is clear they are now in quite signficant, sensitive negotiations. Indeed, they are telling us they are (including the previous Synergy RNS). And personally, I believe they are further than just Tariff approval.

...would be adding but have no funds.

All in my humble opinion, DYOR, and the rest of it.

We're literally being told,

“Finalising the tariff will unlock all the remaining milestones...”

“Finalising the tariff will unlock all the remaining milestones and while we aim to provide updates as regularly as possible, we must balance this with the sensitive nature of such negotiations…”

------------

We at the business end (remembering Synergy been brought to support with these critical negotations).

Just my own view (although others have said similar), is that NCCL are in sensitive discussions.

The tariff is the most fundamental value element. It determines the level of actual profit later on/ projected profit right now - with the latter of these being what will determine in turn the Susbcription price/ Outright sale price. Lets remember, hey just signed up Synergy for helping with these processes.

Until these concluded to a satisfactory point, we will not be hearing anything about the main project. Not at all happy with the SP. But I remain very optimistic about prospects.

Those events are localised and are no threat to where our project is located or to that wider region (though for straight up reasons of justice and saving lives, those fanatics need dealing with and on the pronto).

The current Share Price grossly undervlaues where we are in the process. SP now presenting BIG buying opportunity. Market cap £14m when Historic Costs owed to NCCL by Major Chinese Partner, CMEC c.£19m ($26.7m), when #NCCL announce:

"appointment of project advisers for their 300MW #power project as it advances to Financial Close"

Feel Synergy - the project advisers - have been brought in to specifically help unlock value. This is what they do and this Agreement is timed excatly to coincide with those major upcoming milestines, i.e. tariff and subscription price, and then leading into FC. Once Tariff approved and Subscription price agreed, can FC hapenign fairly quickly.
Sense news not far.

Just don't see a read-across to Moz/ Ncondezi. As the article explains, these are 'first tentative steps towards fulfilling its promises of sustainable Belt and Road investment', while we (i.e. NCCL/ CMEC/ Moz) are at quite advanced stages, with CMEC also bidding (right now) for attached infrastructure programmes (i.e. Transmission, substation etc.).

We have entered into a sensitive stage of process, with negotiations over tariff leading into establishign the subscription price, as per news. Given that is the situation, they cannot update us with anything until there is an adequate point at which it's appropriate and timely to say something.

As a gfew had already said, as soon as the tariff landed, various other things would come into view. And so highly likely, a lot being discussed and neogitiated right now, signalled by the agreement with Synergy - and, as a trusted LTH commented recently, the last time they were mentioned in an RNS, there was a susbequent flow of news, 'thick and fast', to use their exact words.

As another LTH has commented elsewhere, last time Synergy got mentioned in an RNS, it led into a news rich period.

Good luck folks!

I figured Scott couldn't buy cos he was inside.

Reckon Synergy have been brought in ahead of spate of news, to help unlock value. Lots being lined up.

Worth saying also, that the processes involved in working out the subscription price, and the level of sensitivity attached, has got to be close to a Outright sale situation.

On the GridX/ NGP, is a sideshow compared to the main project. But I can see why NCCL have engaged in this sector. It is a massive growth area - I mean, HUGE! It very possibly points to an ouright sale of the main project, is it would leave behind something concrete and viable for Hanno and team to pursue separately, away fomr the main project, in the knolwedge they already have country knowledge and networks. It also makes sense to do it now, to get it going now, so that NGP piggy backs on/ off the scale, profile and opportuntiies presented by the main project. Iyt also presents the opportunity for an outright sale of the NCCL itself (and not just the main project), given we know that CMEC have entered that market too and are making rapid progress.

We know there is an ongoing process. Histroical Costs (HC) news - finally - was important progress. We know it could be confirmed in its totality because there were other values and matters needed resolving and that HC would ultimately pay a part in the valuation of the subscription

"As the Project power tariff is currently being negotiated with EDM, both parties have agreed to finalise the historical development costs once negotiations with EDM have been completed, as this will also have an impact on CMEC's subscription price to be agreed for the 60% share in the Project and the Project developers' fee."
https://www.investegate.co.uk/ncondezi-energy-ltd--nccl-/rns/us-21m-historical-costs-agreed--in-principle-/202101040700093202K/

So this is already well explained.

Regarding the project being supposedly up in there, the most recent RNS (notifying of Agreement with Project Advsiors) explains they are entering into the following work::

o finalisation of Project power tariff with Electricidade de Moçambique ("EDM");

o negotiations with China Machinery and Engineering Corporation ("CMEC") on Project subscription price;

o negotiations with Project lenders for debt financing; and

o capital raising for Ncondezi's equity contribution towards the Project at Financial Close.

https://www.investegate.co.uk/ncondezi-energy-ltd--nccl-/rns/appointment-of-project-advisors/202103090700095611R/

NCCLs recent tweet, pointing to the above, explained the following:

"#NCCL announces the appointment of project advisers for their 300MW #power project as it advances to Financial Close #Mozambique http://bit.ly/3kZ67DU"
https://twitter.com/Ncondezi_Energy/status/1369187396621893633

We are absolutely heading in the right direction, even if not everything is/ has been clear and it has taken longer than anyone would have liked

I'm hopeful there will be more news this month...

GGG, as always a knowledgeable contribution.

My thoughts around this 'agreement' are that it is designed to unlock value. There are complex chains and cogs here. We are in or approaching the final stages.

This agreement will unlock serious value, in my view. These projects/ programmes are complex things. We have more updates coming.

Good luck folks!