Member Info for CF73

In other words they are building an 1800MW plant and will be doing so in phases, which we would assume would be the way to do it any way.

Lurker, Ncondezi is scalable to 1800MW and will ultimately be taken to that. GE and CMEC aren't simply buying into a 300MW plant. They will be chasing the full 1800MW plant. From the 20th Oct, 2017, RNS, ---------------------------------------------------------- "Ncondezi owns 100% of the Ncondezi Project which is strategically located in the power generating hub of the country, the Tete Province in northern Mozambique. The Company is developing an integrated thermal coal mine and power plant in phases of 300MW up to 1,800MW. The first 300MW phase is targeting domestic consumption in Mozambique using reinforced existing transmission capacity to meet current demand. " https://investegate.co.uk/ncondezi-energy-ltd--nccl-/rns/ncondezi-agrees-non-binding-offer-with-ge-and-cmec/201710200700021361U/ ---------------------------------------------------------- Read that part again; "...The Company is developing an integrated thermal coal mine and power plant in phases of 300MW up to 1,800MW."

God luck to you Martc, what ever you do :-)

The issue of equity shows things are moving behind the scenes in all sorts of ways. This is a gift. Folk can wait or trade if the want but the company has told us - in as good a words - that this is happening. By all indications, this will happen in the near term. But DYOR!

Management and larger Institutional shareholders own probably near 50%. A lot of the shares in NCCL are in tight 'sticky' hands. The free float is limited. We would be in double digits already had it not been for Placing shares being flipped. I think a buyout of some kind is a real possibility but others don't think so.

We have big news imminent and all they way out to Binding JDA and Financial Close. We will be jumpy all the way there LOL :D

Lurker, thanks for your response. Nowt wrong being daft by the way ;-) On a serous note, I am not necessarily saying we will definitely get to �1.50. I'm instead pointing to a very recent (deal confirmed mid-May 2018), very real precedent. GE paid near $400million for a 20% stake in the Lamu (Kenya) 1, 000MW power plant project, no coal mine involved. That plant comes on line in 42 months. Would it be at all possible to draw comparison or conclusion in regards to NCCL? ...given that GE-CMEC are - at a minimum - looking at securing 60% of the equity in the Ncondezi project (likely upwards of 80 to 90% when the deal finally emerges), where the project is an integrated coal mine and [eventual] 1800MW power plant project. In other words, what can we learn from Lamu, given that here, they - GE and CMEC - want a minimum 60% interest (as opposed to GE's 20% at Lamu) in the project, where our project is substantially larger (both coal mine and 1800MW plant)?? Where GE paid $400million for a stake smaller in size and ultimately in value than they are looking to secure with NCCL? Or do you think it would ridiculous to draw any kind of comparison?

Negotiations are meant to be complex and fraught. With yesterday's news though, never before seen such a strongly worded statement by any company in regards to current JDA/JV discussions; ------------------------------------------- "Following on from signing the Non-Binding Offer with potential strategic partners on 9 November 2017, the directors believe that the Company has a clear path to de-risking the 300MW integrated coal fired power project in Tete, Mozambique (the "Power Project")." https://investegate.co.uk/ncondezi-energy-ltd--nccl-/rns/share-option-grants/201805290700154082P/ -------------------------------------------

..of the $3million to fund the well caught the market out. It's very BIG news. The market insiders a d heavies don't like being caught out, especially if it means they are having to pay the same prices as bog standard PIs. They really don't. What we are seeing now is them catching up, especially given YA involvement (making it easier for them to do so) All in my opinion

Historically, YA involvement lead to SP instability, wherever they are involved. Folk should know what I mean (it's pretty unsavoury!). Current SP is not a representation of the reality, of the recent progress and prospects going forward. Crucially, the most recent $3million raised shows that FRR has the ability to now fund its activities without onerous dilution. This is the most vital bit. This will fall into place in due course. The fundamentals will come through.

...about move again...

...whether it comes today, tomorrow, or 1st of July, the options shows us that the Financial Model is nailed on - and to the extent that they didn't tie it up with options. It's a breeze and already sorted, just a matter of timely release of news...

...suspenders are killing you?! You'd better believe Franny ;-) (Is why the call.it suspender's belief)

Thanks for that stevenc72. Yup, that £1.50 level makes sense, especially when compared to the Lamu deal. If we'd be a bargain at $400million, which is roughly £1.10 per share, then perhaps £1.50 brings us closer to truer value (for the 60%), would've thought. But is the case that GE and CMEC will take at least a minimum of 80% together. Naturally, all speculation but firmly believe that a lot of this detail has already been agreed during that radio silence.

------------------ So again, GE pays $400million for 20% stake in a 1000MW coal fired power plant. At NCCL, they (GE and CMEC) are looking for a combined stake of 60% in a coal mine and power plant project with upwards of 1800MW capacity (as per existing proposal). On that like for like basis, if they paid $400million for Ncondezi, it would seem they were getting a bargain compared to Lamu

Lurker, the proposed deal on the table is for minimum 60% equity in the entire project. So 60% equity of the project will be theirs, meaning control of the project. Built into this is that the partners will lead in debt financing. What you describe is either a) not out of the ordinary or b) not accurate since the deal proposed makes those terms and responsibilities as part of the JDA. In that recent post of mine, I hadn't either said that the numbers I gas pointed to were for a buyout. They are based on a 60% equity stake in the coal mine and power plant integrated project. This is the explicit proposal at this stage. So there is good reason to compare to the Lamu deal. So again, GE pays $400million for 20% stake in a 1000MW coal fired power plant. They (GE and CMEC) are looking for a combined stake of 60% in a coal mine and power plant project with upwards of 1800MW capacity (as per existing proposal). On that like for like basis, if they paid $400million, it woks seem they were getting a bargain compared to Lamu

Things are lining up here big time. Just a bit more patience.

Going to be a huge day all. News imminent.

Added a correction: ----------------- Remembering that just weeks ago, GE paid $400million for 20% stake in 1, 000MW coal fired power plant in Kenya (which 42 months from first power). No coal mine involved. They and CMEC are after 60% - minimum - of the equity in the Ncondezi project, which combines/integrates a coal and power plant, to start with at 300MW scaled up to 1800MW. How much for that? The same $400million? (£300million) But they'd be getting more from ours. A coal mine and power plant, at 1800MW, and a combined 60% minimum... Could be the biggest deal in a long time on AIM.

Agreed Dandy me ol mucker!