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Laxey, nail on the head! We go back to that much earlier discussion about whether GE-CMEC would want NCCL to retain 40% in a JV. For me, unlikely. As others have also said (I'm sure yourself included), this period of news silence likely involves negotiating over the %. Looking to previous RNSs, was stated that GE-CMEC could take a minimum of 60% equity stake in the project. 'Minimum' bring the operative term. There are JDAs/JVs being signed all over the world where'there's lesser projects or where there's still high degree of uncertainty. Feeling confident here! :-)

Better put and explained than I ever could Laxey! :-)

Exactly Laxey! This is happening. They're just working through the details. An update would be great though :-)

Actually peb, there are two fundamental reasons why it hasn't kicked off at GCM. The main being that the government of Bangladesh hasn't given the coal mine the go-ahead. That decision's been hanging in the balance for years, over a decade. I used to be a holder years back. I am again as a result of significant progress with JV partners. However, the mine still hasn't had the go-ahead, meaning that the JDA 'signing has limited affect. The other problem, just so we know, is that the recent results showed losses etc. All of which should've been expected but has taken the market a couple of days to chew over. The reason I posted it is because even though the coal mine hasn't got go-ahead - while NCCL has for theirs, indeed full government backing - a Chinese giant (CGGC) was still prepared to sign a JDA with GCM (or a JDFA) as they have called it. So what does that say? My own extrapolation is that if a prospective JV partner is prepared to sign deals with a company when a mine go ahead isn't confirmed, all is in the air, what chance us?? Every chance! On JDA completion, unlike GCM, we'll have an SP many many multiples of this. Even a holding RNS stating discussions going well will take is to double digits. So the short of it, we're way better positioned GCM. Good luck folks! :-)

Because it's been a while since an update. As a result, we have no way of knowing now things have gone. In the example of GCM, which I provide earlier, it's quiet for some time then WHAM, an RNS that settles it :-)

Over the course of the last two weeks, GCM's recent news is an excellent example of a recent confirmed 'Agreement' framework for JV at GCM's Phulbari coal and [now] power project in Bangladesh. This is at their beleagured project, beset by Government paralysis on the decision to give go ahead to the coal mine, leaving a project still up in the air (though I am confident it will be given go ahead in the end as they need the coal). And yet, with all that hangs over GCM's sole project, they are able to come to agreements and move forward with sizeable project partners. If a coal project struggling to get go ahead can get JDAs/JDFAs signed, what chances a project in Mozambique that has full government backing? Errrr... I think every chance! Looking forward to the days and weeks ahead! [see below for recent RNSs to GCMs agreements with China's CGGC] https://www.investegate.co.uk/gcm-resources-plc--gcm-/rns/next-stage-agreement/201803091100432716H/ https://www.investegate.co.uk/gcm-resources-plc--gcm-/rns/contract-framework-agreement/201803211623475020I/

...while spikes are exciting and it would be good to be higher than we currently SP wise, it should be said that these steady rises are excellent for building the foundations for a proper sustainable re-rate. Really good for the rest of the day and for next week. Good luck folks!

coconocchio, who would put an order in for near 800, 000? That's a massive order/purchase. I would only do it if I knew more than most...

ClarkM on Sunday posted 'news this week'. He's done some digging around in the past and coming back with some interesting insights and opinions. This week still has Friday to go...

Update of some kind soon?!

Unless they know summat?!

No one spends �43K on a share when the outcome - seemingly - could go either way...

Followed by two 150, 000 buys... What's going on?!

I contacted the company two or three weeks ago and they got back to me at the second time of asking. At the time they said they wee still in the process and that they would update the market at the appropriate time. I think discussions may well have advanced are at sensitive stages. I contacted them a week ago I know others have said they did the same too. Soon after we got the cheeky tweet. I'm of the strong opinion that discussions are productive and ongoing and will wait it out (indeed, will add if it remains at these levels once funds allow). But DYOR.

Have a really good feeling about this share! :-)

Again, and though not a scientific method, the longer it takes the more I left to assume that discussions are progressing productively. Thinking about that cheeky NCCL tweet, it feels like they were trying to calm concerns in some other way as their hands were tied regarding formal RNS announcements. Good to see the rise today.

...thanks Mile. .. ...speculating, as I like to do, I was wondering why no update. Previous RNSs don't make it clear when they would return to the market with updates, though there are time lines and milestones in place. They gave plenty extra room for negotiations. Why? We know that negotiations can be complex. But this additional time to ponder the bids and not return to the market with any kind of update? The only thing I can infer is that there are other discussions taking place. And that perhaps releasing an update would affect the SP and that perhaps these discussions are finely tuned around the NCCL share price. Again, I am speculating. But it is a thought that's crossed my mind. Still however that no news is a sign ongoing, productive discussions.

LOL brybags 'major shareholder' On a serious note, when looking back at RNSs, no date was given or any time line as to when we should expect an update. So news remains completely reasonable and positive in my opinion

Thought it was a buy too

As many have noted, if there was a problem, they would be forced to tell us by now.