Member Info for CF73

We'll finish over 8p

Wow, really fishing for shares

The free float will get tighter and tighter as the orders get filled.

You make perfect sense badeli. . Good luck all!

...trying to free shares. Can't buy in any quantity at the moment

If you sell 100, 000 shares, or even 50, 000, thinking you can buy the same amount 10 or 15% cheaper, you're taking a massive risk. There are now significant buy orders in place. So any shares shed will be soaked up and potentially out of your reach Bashers are here as traders or paid professional Bashers. Given news at NCCL and reports behind the scenes of parties wanting shares even up to 11p, expect to see paid bashers, whose job it is to try to free up shares, to be gathered by MMs/brokers. I believe we are not only closer to JDA etc but actually closer to possible take over. Everything now pointing to it.

...news this month on review, take your positions

Can't buy any...

Buying in quantity now difficult.

Hahaha JackSM, Anyway, looking forward to the rest of the day and coming days an weeks. Take your positions as this is nailed on!

Steven, likely then that folk who 'know' want large amounts of stock but none available and so they think 11p is still a great price to lever out of hands of other holds, assisted by brokers who can connect up the parties

NCCL will not be holding 40% at the end of the deal. And as a few have said, as soon that figure us reduced, why keep us involved at all? (From a GE-CMEC perspective) "Two's a company, three's a crowd."

Excellent post badeli!

The tariff aspect is important. Just didn't expect any kind of positive update so soon. Caught a lot of folk out I bet :-)

I suspect a few traders going to be caught out thus AIM. Based on the last RNS, let alone today's, this one was a load n hold all the way.

Not selling one bean till JDA/financial close - best most genuine most concrete non-rampy share on AIM that's got mega upside of the multibagger type. Bring it ON! All of it! :-)

Utterly BOOOOMING!! Good luck folks!

03 May 2018: Following the announcement on 25 April 2018, Ncondezi Energy Limited ("Ncondezi" or the "Company") (AIM: NCCL) is pleased to provide an update on its process to conclude a binding Joint Development Agreement ("JDA") for the Company's integrated 300MW power and coal mine project in Tete Mozambique (the "Project").   Key Highlights:   ·     Integrated financial model ("FM") updated with proposals for engineering, procurement, and construction ("EPC") and operations and maintenance ("O&M") contracts.   ·     The Project consists of two 150MW coal fired power plants, open pit coal mine and 2km conveyor connecting to the power plant together with common infrastructure such as water dams, dumps, electrical reticulation and villages and a 92km transmission line connecting into the Mozambican northern power grid.   ·     Positive initial results, which continue to indicate the viability of the Project and confirm economics.   ·     Initial review indicates that there is the potential to deliver a more competitive power tariff to Electricity de Mozambique ("EDM") and the Ministry of Mineral Resources and Energy ("MIREME") for approval.   ·     The FM is currently under review by potential partners.   ·     Target completion of FM review in May 2018.   ·    Submission of FM to EDM and MIREME targeted for June 2018 to seek in principle support for a new power tariff envelope, this is the main priority for the Company.   All other timetable deliverables remain as per previous announcements.   There is no certainty that the transactions contemplated by this announcement will occur.   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."   

Everything going well and still ON! Loving NCCL!

https://www.investegate.co.uk/ncondezi-energy-ltd--nccl-/rns/project-update/201805030700029517M/