Member Info for CF73

Remembering that just weeks ago, GE paid $400million for 20% stake in q, 000 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.

This is why GE need NCCL and other projects like it to happen. Their Power business is struggling after years of decline in coal/fossil fuel usage and the emergence of renewables (they also have Aviation and Healthcare businesses). Ncondezi is, and projects like it, are worth a lot. Ncondezi alone 300MW and scalable to 1800MW and guaranteed that it'll be taken up. ------------------------- https://www.fool.com/investing/2018/05/29/what-general-electrics-latest-update-really-means.aspx May 29th, 2018 [...] 2. The power outlook Stabilizing the power segment is the single most important thing GE must do for its investors, so any update on management's outlook will be keenly watched. Going back to the outlook given on the first quarter, management said it was planning for a heavy-duty gas turbine (HDGT) market of 30 gigawatts to 34 gigawatts in 2018. However, as already noted, GE has cut its 2018 power-segment profit outlook by some $500 million in response to HDGT end markets, which were trending below 30 gigawatts in the last six months. There were two key pieces of information from Flannery's power outlook: GE still expects 30 gigawatts to 34 gigawatts in HDGT end demand in 2018, but is planning for a market below 30 in 2019 and 2020. GE is aiming to get power segment margin back to a 10%-plus figure (no time specified), notably above the 5.6% achieved in 2017, but notably lower than the 11.7% in 2016. [...] The bottom line All told, it was a disappointing presentation. There isn't going to be a "quick fix" to the power segment according to Flannery, and the 2018 earnings guidance looks challenged. Demand for gas turbines has weakened, partly due to the increasing use of renewables for energy production and the falling cost of storage -- which in itself makes renewables more viable as an electricity source. It's a problem shared by key rival Siemens and it's far from clear whether it's a long-term structural problem or not. ----------------------------- Seen many articles like it. The one thing analysts are all missing is GE's global strategy in the emerging markets. GE certainly have found one solution to the downturn in their power business that Siemens seemingly hasn't. Here, GE are, clearly then, ahead of the game. They are making sure that Ncondezi happens.

Agree with Laxey regarding churn. We most be very close to Placement shares being churned into the market. Once this is done, the traders, inclusive of the almighty Knuckle_Investor, will have little affect. We will have concrete news and shares in short supply. Let the good times roll! :-)

We could something heavy as early once we have confirmation of the in-principle agreement to the Tariff envelope. The binding JDA is to happen soon after. Once Tariff done in June, the rest - as far as NCCL and us PIs are concerned - is down the JDA parties. And that announcement may as well as come the day after tariff notification.

Those 15p options on Financial Close, the SP will be many multiples of that by then.

The time line of milestones is; ----------------------------------------- Financial Model review and sign-ff - End of May Tariff Enveloped in principle agreement - June Binding JDA - July Financial Close - following July Binding JDA, some time in Q4 ----------------------------------------- There are one or two more now, presented with the options update. It's at Binding JDA in July we should hear as to whether this is a JV or a buyout, is my guess, as that's when we will hear about the percentages preceding Financial Close. Though I could be wrong, this is how it would make sense to me.

So, yes, there are a batch at 15p. [LOL disregard the pound signs - a formatting issue copying and pasting from the original RNS]

Welcome aboard Shares_To_Buy. The options are as below; � 2,790,779 options vest on the execution of binding documentation with a new strategic partner, and are exercisable at a price of 6.25 pence per share (equivalent to the Company's last placing price); � 2,790,779 options vest on the first draw down of capital from a new strategic partner into the Ncondezi Power Project and are exercisable at a price of 7.5 pence per share; � 2,790,779 options vest on the restructuring or settling of the Shareholder Loan and are exercisable at an exercise price of 7.5 pence per share; � 2,790,779 options vest on Ncondezi reaching an agreed form Power Purchase Agreement and Power Concession Agreement and are exercisable at a price of 10 pence per share; and � 2,790,779 options vest on Ncondezi achieving financial close at the Ncondezi Power Project and are exercisable at a price of 15 pence per share.

Great day today! Highlights for me were; - alignment of NCCL senior management team and directors with that of shareholders (we already how aligned board and main shareholders are with our own). - alignment of options with milestones And then this bit; "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")." We know the proposed timeline. So these options are timed to perfection. News on Financial Model to come, as in imminent Heading in one direction all the way. Good luck to the genuine folks!

Indeedy Laxey me ol mucker! FM news and we'll crack 9p and onwards to 10p +

The news and fundamentals here are so solid that derampers are having to chat utter rollocks. The news and fundamentals will take care of this, easy, all in the near term and nothing the traders or bashers can do to stop it.

Accounting for the earlier SP drop, much of those earlier sells were buys and so the SP realigned according to actual SP. Things looking better now :-)

We don't need a buyout here for NCCL holders to make a mint but the idea that GE and CMEC will want to retain a minnow partner on a project where they will be leading the debt financing does not make sense. The purpose and benefit of Coal2Power is that they create certain efficiencies and scales of economy that increase margins. Add to that Mozambique authority introduction of VAT Exemption (which usually sits at 17%) for projects drawing on international investment and then the optimisations they can bring. Add to that that they can guarantee to bring/buy in all their own equipment, from 300MW starting point to teh scaled up 1800MW (which they will be guaranteed to do). Then after that, they sit on it, as Laxey and others have pointed out, a cashcow. The emerging markets provides the likes of GE phenomenal upside.

It's one thing accepting and expecting sells, its quite another coming on here deramping, claming the company has achieved nothing - which he has done. Poor quality deramping. Shows how little he knows here, that he can't put forward anything more concrete than that. In other words, trade this, by all means. Just don't be talking BS. Anyway, the fundamentals and news and eventual SP will do all the talking, over the very near term. In due course, we will all notice how shares are in short supply. Good luck to all genuine folks! :-)

We will be competitive in the tariff. Recent podcast described the work NCCL had done with GE and CMEC to bring it down and make it more than acceptable. The link I've supplied shows that GE and CMEC have in fact been leading the way in those negotiations with the authorities, in ways we would otherwise not be able to tell. In the most recent podcast, there were some give away comments - that the tariff had already been processed long before the podcast. They have likely checked that Tariff with EDM and gotten their in principle support otherwise they wouldn't be putting out such a precise, concise timeline of milestones - especially given the understandable usual uncertainties surrounding discussions on something like the Tariff.

On the tariff, this is news from early May, 2018 (so very recent); https://zitamar.com/ge-cmec-submit-cut-price-bids-mozambique-coal-fired-plant/

On the issue of what has the company delivered, ...they have delivered us to the brink of one of the largest deals on AIM in a very long time. They have sign-posted the exceptional likelihood of the positive outcome to the entire market and yet folk are still trying to trade this when they could near ten bag from here...

Indeed... Would go so far as to say that much of the fine detail has already been agreed and that this is just a roll-out of news, including various related elements (i..e placing, options etc). It's a done deal - was before and now even more so.

GE bought 20% Lamu 1000MW Plant stake for $400million - bearing in mind this is only for a power plant. They want minimum 60% for a upwards of 1800MW plant and mine. Going by this, it'll be in the order of 75p per share minimum here. This is my bottom line estimate on a buyout.

The 9th November 2017 RNS stated "There is no certainty that the transactions contemplated by this announcement will occur." In this morning's RNS, nothing of the sort. Instead we get; "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")." This is happening, all the way. Good luck folks!