Member Info for chrishutch

Thank you trillsg that is kind of you to say.

Hi Hepseal, good to hear that, I am happy to accumulate a small holding here below 25.

Did I time that badly, haha. Serious up day tomorrow.
(joke)

Could not resist a few more.

Yes all fine my end thank you!

and price drifts lower :-)

Good to see you are still here Retireby40. Hope you are well?

Haha, I hope you get your price Waccamacca - But for me I would rather not miss the opportunity to get in. So I am quite happy to buy at current levels and look forward to chatting with you all in the near future.

I am possibly the only one happy to see the price down here as it presented an opportunity for me to start buying back in.

Ncondezi Energy @Ncondezi_Energy
5m
Fossil fuel-based electricity generation is set to cover 45% of additional demand in 2021 and 40% in 2022, highlighting the important role reliable low cost power still plays in developing economies. #NCCL #power

https://twitter.com/Ncondezi_Energy/status/1417024196782215169

It is a frustrating company. I sometimes wonder if they know they are listed.

G_G_G I asked if a placing was being worked and I was told there is no placing being worked. The Company continues to review the best options to finance the Company going forward.

"as part of the Company's measures to conserve funds" <--- sounds interesting.

Personally, I find the wait incredibly frustrating and the huge dip in price heartbreaking but . We were 50% higher with the project no where near this far forward. But I hold because despite it taking a lot longer than I could ever have predicted it is looking like we will get there.

I also agree with CF73. A few of us have been pushing NCCL to be more proactive about getting the NCCL story out there as it seems people have lost sight of prospects here. Look at the cap against the potential.

The delays have caused a holders to be frustrated and the company know this. They they are being more proactive in an effort to show that all is ok in my view.

They are talking more about solar because they have positive news on the solar with money now coming in from that side of the project and plans to expand. They also unable to give the market more information than they currently have done in regard to the coal side as we wait, so all we get is progressing positively.

Obviously tweets etc are going to be more solar focused as this all they can talk about but they are still focusing on the coal project and waiting to be able to provide confirmation of the agreement. As a few others have stated and the company PR have mentioned, if there was anything negative they would have had to RNS it.

So I am pleased to see the presentation out there and look forward to more interviews and press as soon as news breaks.

I make no bones about that but I don't see it as a negative to the current price. We have been talking about it for a while and most those that wanted out or are able to leave (not over exposed or too emotionally attached to cut it) have done so.

We know they are 'funded into September' and we know that the amount required is small and effectively priced in. Personally, I hope that Scott cashes in some of his warrants/options and ends the funding debate.

I see this as a positive re-enforcement that things are progressing as we would want them to!

Project is in line with stated energy policy of Mozambique
• Universal energy access by 2030 through new generation projects
• Diversification of energy mix for greater energy security
• Coal generation a key potential baseload power supply option for Mozambique, particularly for the
energy transition period

One of the most advanced baseload power projects in Mozambique
• Permitting and approvals in place - Mining Concession, land use rights, ESIAs
• Formal tariff offer submitted to Electricity of Mozambique (“EDM”) – Mar 2020
• Submitted updated Project Feasibility Study and Electricity Market Study to EDM – Dec 2020

Significant support from China at all levels – Government & Financial Institutions
• Ncondezi Project identified as a key infrastructure project at the 2nd China-Mozambique
International Cooperation Summit – May 2019
• Joint Development Agreement (“JDA”) with CMEC (EPC and O&M Contractor) and GE (Main

Technology Provider) for co-development, construction and operation the Project – Jul 2019
• Indicative debt terms from Industrial and Commercial Bank of China (“ICBC”) – Dec 2019
• Letter of Interest from China Export & Credit Insurance Corporation (“Sinosure”) – Jan 2020
• Shareholders Agreement Term sheet confirming CMEC’s intention as lead investor for 60% of the
equity investment at financial close – Aug 2020

Meeting the strictest emission requirements
• Plans to equip with state-of-the-art emissions controls technologies that will comply with the most
stringent emission standards from the IFC and World Bank

WELL DONE !!

Certainly is nice to see talk about coal after so much solar. I can only imagine how happy I will be on the day Hanno appears on Proactive to tell us it is finalized.

That is a first for a long time, is it coming home?!?!?