Member Info for CF73

Financial Model (FM) review completed this month. Expect those VAT exempt numbers will have already been inputted, given they will have known in advance. But could only 'review' and release FM update after 'NO VAT' policy on foreign investment formally enacted (otherwise there'd be questions about where that discount came from ;-) ).

Great to see all the LTHs posting a lot more. Think everyone senses - with good cause - the home run.

Everyone wants the deal to happen because everyone can only benefit if it does (NCCL, GE, CMEC, the people and even ahem the politicians). The implementation of the VAT, is to properly incentivise investment, to ensure it happens. We look around an can see how many projects struggle to get off the ground owing to lack of funding and finance. Won't be the issue here. Let the good times roll!

...they don't need to spoon freed us everything. ...if someone needs it presented in the form of a bedtime story to help put them at ease, then I guess that's the level of reassurance they need... Good luck otherwise.

Guessing they (NCCL, GE, CMEC) will have known about the soon to be announced VAT incentive. Makes me believe even more that financial model, tariff and even percentages may be approved already, that its just a case of rolling out news of milestones achieved to close out the deal in an orderly way. What I'm getting at is that the deal's already done. Can come to no other conclusion. In my humble opinion of course :-) DYOR Good luck folks!

Before the RNS, they would've shut both reactors to make checks to make sure it all safe and to help properly identify issue.

Following from that GE article referencing potential in emerging markets, the article suggests that growth there could outpace that in the developed world. .. Of course it will. Growth rates I'm developing and third world are typically 4% to 8%. You give then energy - i e. Electricity - and you will initially get double digit growth in certain countries. BOOOOM!

Interesting that Lurker (or is it John?) only turned up more recently and that every one of his posts has been a stretch to seek out some negative. Once this JDA concludes he will be long gone, posting, I'm sure, under some other ID elsewhere. Folk need to focus on the RNS's to date, the podcasts, the surrounding contextual news and information, and the rather concise, sharp and confident timeline presented by the company. We can never the way things go with JV discussions, but I've never seen this kind of strong evidence to a positive outcome anywhere else. Nothing at all comparable, at least my experience.

Missed this article in previous trawls. Very useful. It points to growth/emerging markets in the developing and third worlds, with specific emphasis on Africa. This is clearly where GE are focusing to make particular gains. Once again, landing projects such as NCCL are crucial if that intent is to become a reality and is, in my opinion, there is such a well-defined time line. ----------------------------------------------------------- https://www.cnbc.com/2018/04/19/why-general-electric-is-the-only-earnings-report-that-matters-right-now.html Where we go from here? Traders will look to whether the company will cut guidance. This is something it has denied will come, but investors with a long-term outlook may want to focus on the prospects for a rebound and a presence abroad. For example, GE may find a boon in infrastructure projects in emerging African countries. A long-term bet on GE is, in a way, a bet on emerging market growth. The rate in emerging markets could far outpace the developed world, so investors who are willing to sit through short-term pain could see the stock double in the next decade if Africa becomes the next place to industrialize. ----------------------------------------------------------- Well through their partnership working with CMEC and with NCCL (as well as KIBO and others), we know that GE are focusing very hard on African prospects. For NCCL, our sights are set on the near term, as we go through the cycle of milestones, including Financial Model this month, Tariffs next, and binding JDA confirmation thereafter.

Regarding the point about a confident short time line, this extract is from the May 3rd RNS: ------------------------------------------- Ncondezi's Non-Executive Chairman, Michael Haworth, commented: "Although still at an early stage, the preliminary results from the updated EPC and O&M information in the FM are positive and allude to the potential for delivery of a more competitive tariff to the Mozambican Government and EDM for approval. This also represents a significant milestone in the Project development process as the Company did not reach this stage of development with its previous potential partner. The next phase of the partner process is to finalise the FM by the end of May 2018, confirming a new tariff envelope which can be submitted to MIREME and EDM during June 2018. Should support be received for the new tariff envelope, the Company believes it will be well positioned to close out the JDA process and progress the Project to Financial Close." ------------------------------------------- Again, that's a very specific, tight but confidently offered, time line.

Mike is correct. There were cash-flow projections but these will not be met. Sounds as if this can be sorted fairly easily.

Regarding the fault with the '"design of an ancillary system", they would have checked the second reactor, including shutting it down, and gone through it properly before release of the RNS. That is what I would have done. If that's what they've done, then I think we can be fairly confident that systems second reactor are good. Coming to know the level of focus the company applies to its projects and programmes, I'm confident that the RNS was released once they were very happy with their understanding of the situation out there (remembering they have Velocys personnel there). Bargain SP at the moment!

It's seriously worthwhile remembering that we have a clear timeline/schedule of milestones - all of which we have kept to date. In negotiations as significant as this, taking a look at GCM, KIBO, and the innumerable other situations on AIM, never have I seen such a clear, precise and short time line/schedule. Negotiations are meant to be fraught and imprecise and take however long they take. Why such a clear schedule here? My own view is that this is an agreed time line - involving all partners and stakeholders i.e. GE, CMEC and Mozambiquean authorities - otherwise no such timeline/schedule would be made public. There would be a huge issue of credibility if the company had failed repeatedly to keep up with each of the milestones within this schedule i.e. Financial Model reviewed and agreed in May; Tariff Envelope presented in June; binding JDA signed in Jule; Financial Close soon after. This is like clockwork. Where have we seen anything like that? I cannot recall anywhere else. I go back to a point some of us have made before. Much of this deal has already been agreed. No skeletons in the closet. We are now witnessing an orderly closing out of the process. Interested in others' views and opinions...

Well said Dandy! What we have to go on at the moment is the information in the public domain. This combines RNS's, Podcasts, and news articles (about GE, CEMC, Alstom, Mozambique situation - incl. from energy poverty and related with EDM and their CEO). From all of that, we can be very confident there is a deal being forged, one that will happen. There are naturally bits missing. That's because they are either being hammered out still or are too sensitive at the point to say anything about. This is standard and not a deficiency of the process with NCCL or anyone else.

I wouldn't post under their negative thread as it just continues their thread title

They are running the other reactor. If the issue was to do with VLS tech, they would've shut down the other reactor.

The tech works perfectly well and the issue is not VLS rooted as they're still running the other reactor; ---------------- "Until the issue has been remedied, the aim will be to operate the Oklahoma City plant using one reactor."

Agreed Jace! Massive top up coming for me!

Top up time and plenty other news on horizon

The issue is resolvable and is a relief that the problem is not to do with the core VLS technology. I'll be topping up and holding for the long term (some silver linings an all!); ---------------------- "...The Company is confident that the issue is not a result of a flaw in the core Velocys FT technology." "Based on the preliminary investigation by ENVIA and supported by Velocys personnel, the Company currently believes the root cause of the issue originated with the design of an ancillary system."