Member Info for CF73

Knuckle_Investor, at least you're open that you're trading and are desperately hoping the prices drops so you can buy back in. I admire our openness and honesty. On the issue of your purported 'no guarantee', in all my time, on matters of 'impending' JV or buyout, never have I seen a company issue such a strongly worded RNS; ------------------------------------- "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")." -------------------------------------

NCCL sees clear path to de-risking the project and they have given us the precise, concise time line. ---------------------------------------- "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"). " ----------------------------------------

GE and CMEC keeping NCCL just creates a layer of admin and decision making they don't need. Not worth keeping a minnow like NCCL involved, not even leaving us with 5%. "Two's a company -- Three's a crowd."

There's just no reason for GE and CMEC to be keeping NCCL involved following tying up of loose ends. GE bought 20% stake in Lamy deal. But is clear to me that they - and CMEC - have their own on the full prize. ------------------------------------------- Link below of CMEC building/assembling mining machinery at another project (just as an illustration that together GE and CMEC will be more than able to make Ncondezi happen). Article from Jan 2017. ---------------------------------------------- http://europe.chinadaily.com.cn/business/2017-01/24/content_28042509.htm Chinese CMEC starts expansion works at Serbia's Drmno coal mine DRMNO - China Engineering Machinery Corporation (CMEC) on Monday began assembling modern mining equipment at a mine here in order to increase its production for the Electric Power Industry of Serbia (EPS) in a project worth $123 million. Serbian state officials and those from the Chinese embassy met at the Drmno mine, where representatives of EPS and CMEC signed a decision to begin works on installing equipment. Serbian energy and mining minister Aleksandar Antic said at the signing ceremony that the beginning of the installation of the ECS (Excavator-Conveyor-Spreader) system would provide an additional three million metric tons of coal per year for the functioning of the new block unit at the Kostolac power plant, also being constructed by CMEC.

GE bought a 20% stake in a 1, 000MW plant in Kenya. That cost them $400million Ncondezi is not just a Power Plant, it's also a coal project. So what would they pay - as is currently stipulated - for the 60% (GE & CMEC at 30% each) for a Coal2Power project scalable to 1, 800MW? At the point of a binding JDA we will hear about the percentages, including if it is a buyout -- whichever way, the numbers (if we go by Lamu) are going to knock folk out! ------------------------ https://www.businessdailyafrica.com/corporate/companies/GE-buys-Sh40bn-stake-in-Lamu-coal-plant/4003102-4566090-11crxxm/index.html "American energy firm GE Power has bought a Sh40 billion stake in the Centum-fronted 1,050MW Lamu coal-fired electricity generation plant." ------------------------

...agreed. This will pop again shortly. ...Financial Model review and sign--off to come very VERY soon, then Tariff and then Binding JDA. Financial Close a dead cert with Binding JDA confirmation -- not to mention buyout :D

GE want NCCL bad! Scalable from 300MW to 1800MW with control over the coal. The tech and equipment and infrastructure they will bring in and then the margins... 40%??? 20%??? Buyout!!! ;-)

...today's RNS was a massive buy signal! Here to the end.

sleepydave, well said. I am a holder of NCCL shares. As I continued to do research around NCCL, to keep my levels of confidence up, I came to understand more and more about the backdrop to NCCL, Mozambique, Africa more broadly and the range of parties relevant to the power and development situation - particularly China and GE. It was based on that research that I took a position in KIBO (have held before and has been on my watch-list for a long time). Coal2power is the way to go for developing/third world. It's the only way to leverage developed world investment when returns are in local currency, at levels that local can afford. China and GE are pushing hard - GE especially, as this will be where their turnaround begins. They've had a tough few years, including misguided expansion. They are now in posesssion of Alstom's power business, having cost them in total $13billion to $14billion in total. They need to that and everything to use. The emerging markets offer massive upside and GE have moved in with China to ensure they have direct access to these markets and the finance, tech, infrastructure and political clout to make it happen. That's why I'm both a KIBO and NCCL holder.

Agreed Badeli, keep them posts coming! :-)

Indeed Brybags. We now have news on Financial Model imminent. Sign-off of the FM effectively leaves only tariff approval (which we know we are already competitive on) as Binding JDA a cinch after that, and Financial Close a done deal after that. It's at Binding JDA we will hear about percentages and if - now this is the BIGGIE - if they want to buy us out. Based upon the Lamu deal, I think we are all - everyone on AIM - about to be shocked at the filthy lucre on show. This made all the more likely by the alignment of NCCL Board with shareholders.

The options and the strength and tone of wording leaves no doubt way more to come. In fact, now feel more than ever that the precision of the timeline of milestones, now combined with the options, is pointing to not only a done deal but to the parties having agreed a price, likely on the table already. Good luck folks!!

Indeed Yaki, massive BUY signal those options at NCCL KIBO's time coming

...the best ever! Keep up the great work folks!

Brilliant news! They have this in the bag and are telling us, both directly and indirectly; ----------------------- "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")." -----------------------

...you utter Beaut!!! :-)

News of the Financial Review and Sign Off this week. Will kick things off big time.

With you there stevenc72, never have I wanted two months of me life to flash by ;-) Come on Hanno buddy, don't let us down :D

AFC are our largest shareholder. This what the link tells us straight off; ----------------------- "AFC finances infrastructure projects in Africa, focusing in particular on power, transportation, telecommunications, heavy industry and natural resources (oil, gas and mining)." "AFC is majority-owned by private investors, the bulk of which are African financial institutions, which own 47.6% of the corporation. A further 42.5% is owned by the Central Bank of Nigeria. AFC’s fourteen members, in order of accession, are Nigeria, Guinea Bissau, Ghana, Sierra Leone, Gambia, Liberia, Guinea, Chad, Cape Verde, Gabon, Côte d'Ivoire, Rwanda, Uganda, Djibouti and Kenya.[6][7][8] "As of September 2016, AFC has invested US$4.5 billion in projects in 26 African countries." ---------------------- ...and these lot own over 20% of NCCL. They also gave us that shareholder loan. As Laxey the ol mucker alludes, when AFC gets involved, things happen!

It's not just KIBO pushing the government. The Chinese and GE are pushing hard too. This is moving behind scenes. PPA can't be far off...