NCCL material upside awaits8 Jun 2021 12:12
I agree with hxulcolrdoh and GGG that everyone should do their own due diligence and make their own minds up on any investment. Bulletin boards should be places you start investigating not make choices. I also think the posters here are not trying to convince readers to buy but sharing their enthusiasm for the company. The discussions have been balanced through out.
I am confident all is moving forward. It is worth remembering that this delay to the negotiations was caused (and I am not making excuses..) because Jan is normally a Gov holiday time, this combined with covid, travel restrictions, a small increase in troubles to the north of the country (Cabo Delgado), a mini typhoon and I am told that a couple of senior GOV people became very ill (I understand that they are ok now).
This took GOV attention away from the project and moz/Malawi inter connector, which resulted in a timescale shift to both. This is not a company specific negative but the delay (adding to the already slow Africa time) did cause the excessive weakness in the share price.
The SP action resulted in a understandable drop in sentiment and angered holders as we had no information. It provided a good entry area for new investors and a frustrating hold for those that let the story run its course.
I agree that now is the time to be 'in' if you want exposure to both projects. Buying cheaper than the biggest share holder who continues to build a position (when not inside) is good, but it is a bonus. But as investors we buy weakness and we look for good risk to reward, both are presented here in my view.
EDM appear to have their pens out at last and are in a signing mood, the company are proactively pushing things forward and I believe/hope/speculate that it will happen soon.
The solar side of the business is not the primary project but a good addition which is often over looked in my view, NCCL are some of the first movers in this space and will return working capital for the company of $17k+ a month. It also provides a industry/avenue for the company to move into on a larger scale when/if the main project or part of the main project is sold. This is something I believe will happen but at a much higher price.
As a lot of the negatives have been mentioned, I highlight that there are lots of reasons why the main project should go ahead. I am told the discussions are all positive by the company. There are big players involved and it is project that will do good for all involved, the people, the share holders, the gov, etc. They want this, economically, politically, etc. it is in the GOV interest to push it forward.
Remember they have already agreed a worse tariff <--- people forget this.
Pengilly said agreement on the tariff would “unlock” the remaining milestones, including finalisation of the 60% subscription price to be paid by CMEC, the power purchase agreement, the power concession agreement, and financial close.
We should be close to a signifi
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