Member Info for CF73

High likelihood next week. Monday is Bank holiday, so any time between Tuesday and Friday.

Well said 99problems, bang on!

Indeed Splatted. Buys going through, especially on NEX, all near 8p I think we may be very close to clearing the overhang here - if not, may just have done with the 320, 000 Whichever way looking to possibly crack 8p today

Buys close to 8p still going through on NEX

Looks very promising that we will. Believe there's a lot of folk who want in or are not as fully loaded as they would like to be, looking to buy. Will be interesting in the afternoon...

cunningasafox, actually, I was basing it on the fact we seemed to have cleared the overhang and buys were coming in. Once the market believes again - and it won;t take long - this will pick up more than that. Not even a huge amount of patience required. There are a number of Coal2Power projects about to go ballistic (especially where GE are concerned).

Day off for me too and screen-watching as well... "Bloody marvelous" -- indeed!

...from a couple of weeks ago... -------------------------------------------------- [...need to sign up to see entire article] https://theasset.com/belt-road-online/34472/cmec-explores-viability-of-coal-fired-power-plant-in-mozambique-?id=34472&subm=belt-road-online CMEC explores viability of coal-fired power plant in Mozambique [...] CMEC is also in final negotiations to develop and take a stake in another coal-fired power plant in Mozambique, this time in the northwest of the country. Last November Ncondezi Energy Ltd, which is listed on the AIM segment for smaller faster growing companies at the London Stock Exchange, announced that it had signed a non-binding offer with CMEC and General Electric South Africa Ltd. The agreement was signed at a ceremony in Beijing. Under the agreement, CMEC and General Electric are expected to acquire 60% of the power plant and lead the project financing. Financial close is expected in Q4 2018. The companies are currently conducting final negotiations for a binding joint development agreement, as well as engineering, procurement and construction (EPC) and operations and maintenance (O&M) contracts for the development, construction and operation of the 300 MW integrated coal power and open pit mine project in Tete province. Negotiations will be exclusive until April 30 2018. As well as EPC for the plant, the two companies will build a transmission line to connect the plant to the grid, which will be transferred to Electricidade de Mo�ambique on completion. Ncondezi currently owns 100% of the Ncondezi Project. The company is developing an integrated thermal coal mine and power plant in phases of 300 MW, which could eventually grow to up to 1,800 MW.

Things picking up now after overhang cleared -- We'll be clearing 5p soon folks!

...that story from May 4th....

Nearly 8p paid!

...is this process further ahead than we think???

GE and CMEC bids in Moz News......and we missed it... ...Seems Mozambiquean are likely to be happy with the Tariff - when they are presented with it! :-) -------------------------------- https://zitamar.com/ge-cmec-submit-cut-price-bids-mozambique-coal-fired-plant/ "GE and CMEC suubmit cut price bids for Mozambique coal-fired plant" "General Electric (GE) and China Machine and Engineering Corporation (CMEC) have submitted financial proposals to build and operate the planned Ncondezi 300MW Coal-fired power plant, in Moatize, Tete Province, which could result in lower being offered to Mozambiquean utility EDM"

Well said freeatast, exactly that. Let the market work this and then it will bounce out of this range. These SP levels though are a gift right now!!

The SP will reflect the news of progress soon enough. Days like this are for getting the traders out the way - thoe who bought in at 0.42p and 0.43p. Won't be long before they're done and we move past 0.5p and then 0.6p in very quick succession

The SP now seems to be 'trading normally'. My guess is there was an overhang of placement shares and these seem to be done with now. Some buying pressure from here and should start see a sustainable rise --- hopefully...

Swathe of buys at 7.7p. Looking very strong.

Looking ready to breach 8p

...should be ready for a more sustainable increase...

Major upside from here after further and significant de-risking! Good luck folks!