Member Info for CF73

This project is to build and operate the integrated project. And as Hanno has confirmed in yesterday's podcast, the partners want to be majority holders in the project. Which means they'll effectively be owning an operating the project. Which means, in my opinion, a buyout/TO is a real possibility. Makes developing, realising and operating the project much easier having one less entity to consult with. Two's a company, three's a crowd.

Don't worry about the SP. There's still a lot of support at these levels. In the end though, the share price will respond to reflect true value when the JDA news lands and the numbers they give set the agenda rather than traders and MMs. The fundamentals here are stonking! And we'll realise this in the near term. Remember Hanno's own words in the podcast yesterday : ------------ "We currently have a set of milestones during June and July to deliver our partners, which will unlock significant value to shareholders." ------------ That's a pretty bold, confident statement and he can afford to be - he knows what's coming. All in the near term. If you're not a trader then hold. It's not like you're having to hold for 18 months from here. It's happening, like, now...

Sellonnews, what that does do is make CMEC double focused to land Ncondezi. CMEC are loaded in terms finance and funds, being a Chinese state entity, and being also part of the Chinese Belt and Road programme. So regarding wanting more than 60% combined (GE and CMEC combined), money isn't an issue. It will happen.

Believe this is the exact link. Folk should listen. Extremely positive and encouraging. This is nailed on! https://audioboom.com/posts/6891904-nic-charts-echo-energy-echo-harvest-minerals-hmi-highlands-natural-resources-hnr-ncondezi-energy-nccl-powerhouse-energy-phe-vast-resources-vast

And as Laxey suggests, we got Results this month too All in the near term. No better place to be on AIM right now.

Genuine turnaround NAILED ON! Given we get a conclusion within weeks, this is a minor thing in the journey of the bigger picture. Mid June, next week, tariff presented to EDM etc. Looking for confirmation early July. End of July, Signed Binding JDA, a breeze following tariff acceptance. Our SP will be determined by the details of the JDA. A market of c.£150million potentially awaits.

20p values us at £58million. Can't help but feel that we'll be considerably more than that. Ultimately, the JDA will / should include percentages and amounts of money we get in return. That will fix what we are worth and more or less our SP

Turnaround in sentiment, finally. We have major news on the horizon. Thanks Puddy me ol mucker! Good luck all!

News possibly in the next 10 to 14 days, I'm expecting, by which time we've already re-rated and then finally we breach 1p

...the much deserved and awaited turnaround... ...good luck all!

Feel I should repeat what Hanno said towards the end of the podcast: "We currently have a set of milestones during June and July to deliver our partners, which will unlock significant value to shareholders." That's a pretty bold, confident statement :-))

Agreed Aeasty Have had another listen to the podcast. NCCL are slowly beginning to release information that gives a sense of project economics. In a previous podcast, we learned of project $250million to $300million annual revenue. In today�s podcast, we learn $1.1billion to $1.4billion tax and royalties for Mozambique over the lifetime of the project/25 years. We hear that GE and CMEC are looking to take majority stakes in the business. We will see an increase for GE and CMEC from a combined minimum 60% to possibly to a combined 85%, may be 90% (makes more sense if we were bought out though, imo). Tariff envelope submitted in a week�s time. Hanno said: �We�re now really down to the last milestone, before the final negotiations, which is now to get the in-principle government support to proceed.� I�m guessing by �in-principle government support�, they mean for the tariff. Approval here then leads to NCCL, GE and CMEC confirming the JDA. I�m really pleased � seriously chuffed in fact � that they are so heavily focused on that July JDA deadline. Especially like what Hanno said here; �We currently have a set of milestones during June and July to deliver our partners, which will unlock significant value to shareholders.� No one can say for sure what the SP is going to be. No one can know how the market will react to a deal --- unless that deal will put on the table some �dramatic� numbers. Hanno can only say ��which will unlock significant value to shareholders�, if he knows that the percentages and money on the table will be SERIOUS!! Clues are there regarding final numbers, looking at projected revenue, percentages, royalties and taxes, etc, and then looking to other GE examples, like the Lamu deal. On that basis, the July JDA milestones is the biggie we should be focusing on. Hanno has said so his self!

Everyone connected to the project is learning from other projects that are seemingly on never ending journeys, like at KIBO, GCM etc. and they clearly don't that here, including - refreshingly - the authorities. The period between Dec 27th and April 18th 2018 was where an enormous amount was ironed out, helped by the previous work NCCL did. We heard today about some of that detail, including earlier conversations with EDM, in January to be precise, where the tariff had been discussed. Don't recall those discussions being made public before. All of that good is why we seem to have a precise time line. In this world, you can never know. But I feel confident about the next few weeks and months.

Brybags, I also hold some KIBO, so I look in over there regularly. Brought the Lamu deal to their attention. Yeah, one of the posters was saying that FC was quite some way away. I don't know for certain myself, just that the only date-fix we have is from the Oct 20th 2017 RNS, where Q4 2018 was the time scale. Since then, everything's been like clockwork. For my own purposes, I'm concentrating on the end of July Binding JDA conclusion. I'm guessing that's the latest for us to hear about percentages as those percentages are the finer details that should be locked down in the JDA. It's perhaps there that we might hear about any buyout, if that's going to happen. Laxey made a good point about project details in the results. That'll be an eye opener too. Useful to hear Hanno in the podcast mentioning that partners want to be majority holders. This being them saying they want more than the 'minimum 60%'. Clearly, and in an orderly manner, we're inching towards a massive deal. I've never been great on SP estimates but given the value of the project, revenues, profits, taxes, etc. I'll be shocked if the binding JDA alone first net us 50p a share. Importantly, it's at JDA that we should also hear about the amounts that should be coming to us. That's when we'll be able to work what our SP ought to be. BWTFDIK! GLA!

My focus is binding JDA. End of July

From the Oct 20th update, it was listed as some time in Q4 2018

Tariff envelope to be submitted within days: "Company now preparing for submission of FM to Electricity de Mozambique ("EDM") and Ministry of Mineral Resources and Energy ("MIREME") targeted for min-June 2018 to seek in principle support for a new power tariff envelope thereafter." And then: "This support is an essential milestone in finalising the JDA process which is currently targeted for completion by the end of July 2018." That's binding JDA. :-) All looking brilliant so far!

Quite a few buys went through on NEX.

splatted may have been referring to any remaining Placement shares from early May There was a big 1.26million trade on Friday. That would have been a good chunk of them. A few more today, in the 50, 000 range. Think we're nearly done with. As a few have said, getting rid of those with the SP sitting above 8p shows the strength of progress. On that note, about progress, you can sense that everyone - including the Mozambican authorities - want to move this. Too many projects in Mozambique and across Africa have been stuck for too long. This is being shifted rapidly, fast-tracked to a conclusion. GLA!!

Worth saying that although recent RNSs have pointed to 12-18mnths in terms of key deliverables, the Oct 20th 2017 RNS stipulated "FC targeted for completion end Q4 2018" https://investegate.co.uk/ncondezi-energy-ltd--nccl-/rns/ncondezi-agrees-non-binding-offer-with-ge-and-cmec/201710200700021361U/ Binding JDA agreement is targeted for end of July 2018. That will see a big jump in the SP, as will the in-principle approval of tariff. Everything is moving very fast at the moment. I hold both KIBO and NCCL. Good luck to all invested folks!