Member Info for CF73

Very possible pa_richards, good to see you here :-)

Agree regarding the additional progress, including enquiries on buyout. Up for grabs has been 60% of the project but option to go higher still. Given this, cannot see why a buyout price would not have discussed by someone at some point. Looking very good now :-)

...but I've got a good feeling about this :-) Bringeth. It. On!

"The JDA work program and timetable has been updated to reflect a more detailed set of deliverables that have been agreed between the parties and resulted in an extension to the delivery dates for the EPC and O&M binding bids as well as the JDA. The Company believes it has identified the correct partners to deliver the Project and is focusing all resources on successfully completing the JDA process." https://www.investegate.co.uk/ncondezi-energy-ltd--nccl-/rns/project-update/201712270700062855A/

Is a case of sit and wait, though don't think we've got too long to wait. Naturally, there'll be nerves but updates on discussions leave me with high hopes. Good luck all! :-)

Wondergoals, we're into that 'zone' where news could come any time. If there were substantive delays, then we would have been told. Today was the deadline ('in principle'), then the time to write the RNS, lodge it and then release it etc Could be any time today or over the coming days. I also note they gave themselves a lot of extra wriggle room in terms of time. I sense other complex discussions have been taking place, but just a personal opinion. GLA!

I guess from here, news could drop any time...

Deadline today, and as a fellow poster points out, if they get back with the signed binding agreement today then will likely be tomorrow or day after that we get RNS... Though in the words of Kevin Kegan, 'would love it', if it was today :-)

Good point Hardy, hadn't thought of that...

Expecting news tomorrow if not very soon... In response to the earlier point of behng over a barrel, SEP could've thought that but were very quickly moved on. Indeed, worth mentioning that GE approached us. Worth also mentioning that GE also need this project as they haven't done too well of late

And thanks for the reminder Badeli, that GE approached NCCL. Tomorrow it is then :-)

Very sensible post badeli,

Allguesswork, fair comment. I am not saying that a buyout is likely now but I am personally confident that the issue has been broached by the respective parties (even if in only for GE-CMEC to test the water). Regarding our situation, I wholly accept nothing is guaranteed. Previous challenges show how difficult it is to strike these deals, including achieving milestones. So there is a past history of failure/struggle. It is possible that we do not achieve these current timelines. If that happened, I would be disappointed. I am a realist. You cannot take anything for granted. And often PI sense of time is very different to the world of business where things do not happen overnight but where our expectations are that we should be receiving news regularly. Finally, AIM is casino, made all the more worse by endemic bad management and, let's face it, extremely dubious corporate behaviour. That all said, I believe that NCCL and its management are a different creature to the vast majority of AIM companies. Still nothing guaranteed. But continue to believe in the project and the management. And given that GE-CMEC have a track of working together to bring projects on line, I have high hopes. From the Dec 27th Project Update; "The JDA work program and timetable has been updated to reflect a more detailed set of deliverables that have been agreed between the parties and resulted in an extension to the delivery dates for the EPC and O&M binding bids as well as the JDA. The Company believes it has identified the correct partners to deliver the Project and is focusing all resources on successfully completing the JDA process." https://investegate.co.uk/ncondezi-energy-ltd--nccl-/rns/project-update/201712270700062855A/

Brybags, agree this will come good. Haven't sold any, only added. Soon enough even 7p will look seriously cheap :-)

Allguesswork, off the top of my head, there are two companies I've been in where management eventually admitted to having received lowball offers which they didn't believe worth bringing to the attention of the market. I believe it is correct that if an offer is too low, and felt not realistic or material, then it doesn't have to be RNSd/brought to the attention of the market. While rules appear strict, quite often there's room for interpretation and nuance etc.

Hardy, the selling is nowhere near enough to suggest people in the know knowing something others don't. Seems more like folk moving on. The 28th is still two days away. We shouldn't be expecting necessarily any earlier. They'll be working as hard as possible on this, using all the time to iron things out - after all, this is the first key milestone owing to its binding nature.

We'll never hear of offers of buyout too low to accept and/or bring to the market (also NDAs often prevent mention unless offer accepted). Could be that there have been offers but not close to proper value and there's till 28th Feb otherwise JDA first milestone Agreement news will be released to market. At which point SP re-rates and higher price still for buyout. I know speculation but not for second do I think that this issue hadn't been put on the table for respective parties to discuss. Whatever happens, news imminent and will be positive.

There's always things to do, things to add and change, with these agreements. The first draft of JDA was in at December, very quickly after beginning talks. So they are moving as fast as the process will allow but very productively. GE and CMEC have a track record of working together and getting things done. Who knows, may be news could have been released earlier but has been slowed by talks around possible buyout. I say this as it will be cheaper for them to buy us out now than later, when the SPs much much higher..

It's the fact the milestone is leading to a binding agreement. Once this is signed, financial close is nailed on with likelihood - a high likelihood - of a buyout. The low number of shares means that on this milestone being met - this binding agreement - there will be an almighty scramble for shares! Confident, we'll be getting news very shortly!

splatted, it's natural to be unsure because there have been so many false dawns. But NCCL is different, this time :-)