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I would to all of this that the more I read about GEs current situation (which is messy to say the least), the more I'm inclined to think that GE really need this project. They're divesting in other areas and are focusing on their power generation business, including putting to use Alstom's power and gridding business and country/global networks (following the acquisition a few years ago). Not saying we got em over a barrel but rather that all the interested and involved parties really do want this to happen. A few million here or there is absolute peanuts in the big scheme of things (especially for GE and CMEC) It shows in how GE approached us and how quickly we reverted to GE tech and infrastructure very quickly in terms planned/proposed plant. Good luck folks!

If we get to 20p, we will in probability get to 50p and 60p and whatever else as we can guess from here that achieving 20p means achieving the kind of milestone that signals 'financial close' is on. Looking at it like this, we can then see why they're taking their time at this stage. With shares in short supply, you can imagine the scramble when news lands. All in my opinion, DYOR

The more research into GE's current situation I do, the more confident I become about the level of interest GE have in ensuring they come away with a deal at NCCL. They are currently asset trimming in order to get rid of struggling business and to become more focused. They've recently got rid of their lighting business and are divesting of their 'health-care information-technology businesses' (what it's been doing with all of these effectively side businesses is beyond me - but I guess a sign pf times when things were better and CEOs were showing no caution over large scale business dealings). They've had to cut dividends and facing a downgrading of their credit rating. So, yes, NCCL do need GE (and CMEC). But this ain't a one way street. The Ncondezi coal2power project is a valuable, multi-billion dollar project which would benefit immensely. Indeed, as already discussed, it would put to good use GE's acquisition of Alstom. If GE land this, it has the potential to build very critical momentum. One thing is for sure, they need power in that part of the world, NCCL have done all the groundwork, and there are no political blockages. It's ready-made, waiting to be picked by a major. Even if NCCL were asking for 30% more than initially offered, it would be very little to GE in the big scheme of things. The project is guaranteed to produce profit. Just needs the kind of investment the likes of GE and CMEC can mobilise. https://www.bloomberg.com/gadfly/articles/2018-04-02/ge-s-asset-sale-starts-with-a-single-the-first-of-many

AllGoosework, you need to drop a couple of laxatives. Anyway, Laxey's bang on. It's that simple.

Excellent posts Laxey, as always! This is not a given since we have nothing to tell us that discussions have progressed well. However, as Laxey and others point out, there is nothing like NCCL in terms of the quality and advanced stage of the project. As has been said before, this is not a project the respective parties want to walk away from without a deal that is at least reasonably satisfactory to all involved. NCCL is a minnow and needs GE or companies like it. But neither do GE want to walk away from such an advanced project, especially given the last 3 or 4 years of difficulty. It;s ready for them to effectively take control of if not take over. All in my opinion. I remain both very realistic and very positive.

Great stuff Laxey, digesting as I type!

Then perhaps it is 12.4milion, From what others say, Invesco seem to be selling. Haven't had the chance to investigate thoroughly. But the selling did seem to me be by a party that needed to get out for reasons other than the fundamentals of the stock (the fundamentals here are getting stronger and stronger). It explains the falling share price and should be taken as an opportunity to buy dirt cheap. I have intentions to buy as many as I can but need the SP here at these levels for another a couple of weeks.

I need a bagger advance to get my faith going...been a tough year alright...

Nice! Much appreciated Laxey :-)

Laxey, hadn't had the chance to see the tweet, could you post it here me ol mucker? Lookin forward to the run in! :-)

Agreed Laxey. We are in a different time and situation,

Going to be a good day :-)

Really good for VLS that BA mentions them in the way they do and that it's a recent example of news/PR. Certainly shows that BA value this partnership and opportunity.

Great work Laxey! Regarding percentages and T/O possibilities, your explanation and analysis of the situation is spot on. More crudely, I have always said that 'Two's a Company. Threes a crowd!'

Stevenc72, me ol mucker, yes indeedy! :-)

gods, if you look back through last few pages, you will see some of the research and views (posted by a fewof us) that lead me to believe this. I've provided a useful example for comparison in GCM. They have signed various JDAs/JDFAs for a similar coal to power project even though the mine hasn't received go ahead and while the entire project is mired in controversy. Yet , even with all this, CGGC (a Chinese company) has still signed with GCM. As Laxey further pointed out, there were a number of other areas in which we were considerably further advanced. Meaning GE-CMEC had a project for which there were considerably fewer hoops for them to jump through ie ready to go in comparative terns. I don't do this to **** off GCM either. Have previously held for years and am now a holder there again.

If they're ever going to pull out of projects, this one is one of the less likely ones, imo

Feeling increasingly positive about the discussions. And no, this ain't any delusion lol We've done the research and the analysis and speculation. The SP drops aren't a reflection of a change in fundamentals or some worry about the progress of discussions based upon any material knowledge. Nothing to suggest that there are problems in the negotiations. When the news drops, won't be easy to pick these shares up.

Excellent stuff Laxey! It all points to parties wanting to make sure this happens. Just a but of patience.

With political uncertainty removed and, relatively speaking, few hoops left to jump through, GE-CMEC must be wanting a massive piece of this pie