Member Info for chrishutch

Looks like the 750k was a sell. Someone throw the towel in and dragged us down, will we bounce back is the question.

at least someone gaining from the price -

be great if we can go from red to blue too.

who would have thought.

I was going to go with red to blue?

Passes the day while we wait for price.

Is that too rampy a thread header with three !!!

haha, you might be buying more in the 70s then.

Just joking hope it hangs around for you to get in.

I can see this bouncing back to the 70s, you only have to look at the increased size taking positions and the way the mms are marking it up.

Could not resist it down here.

https://www.proactiveinvestors.co.uk/companies/news/949937/ncondezi-energy-still-waiting-on-formal-feedback-in-mozambique-949937.html

At last.

Fair play G_G_G. Hopefully things will get a lot better soon!

G_G_G "Fortunately I've averaged down to around 4.2p"

You been buying into the weakness or was this prior to this year?

Haha, G_G_G, I was having an off day.

I still fully support the company and my investment here, but I can be objective too, I appreciate that discussions are sensitive and that as a shareholder it is not always possible to get the information we want at the time we want but... I also felt like having a moan too.

It is frustratingly cheap down here! - The sentiment will massively improve as and when the share price starts moving up and hopefully we will get a big increase in news flow soon.

Haha, G_G_G, I was having an off day.

I still fully support the company and my investment here, but I can be objective too, I appreciate that discussions are sensitive and that as a shareholder it is not always possible to get the information we want at the time we want but... I also felt like having a moan too.

It is frustratingly cheap down here! - The sentiment will massively improve as and when the share price starts moving up and hopefully we will get an update over the next week or so.

Morning all,

I see the price is still wrestling with the 0.70 level. Hopefully, it will become a solid support level in the not too distant future.

Hanno Pengilly took the role of CEO on the 9th Oct 2019 - the share price high on the day was 5.40p & then continued to rally to 6p in 10 days.

"I'm excited to be stepping into the role of CEO which represents a great opportunity to lead the Company and create value for shareholders."

Since taking the role of CEO the company has gone through several milestones and is very slowly turning NCCL into something quite spectacular.....so you might be thinking why is the SP 45-50% lower than when he took over?

Well in my view, this is not because of the progress the company is making. It is simply because NCCL do not understand they are a listed company, they do not understand they are owned by shareholders, they don't listen to their own PR, they can’t write an RNS without errors, they have a habit of predicting deadlines that are not only inaccurate but pulled out of thin air and then missing them. To compound these errors NCCL don't give any feed back to shareholders when they miss the made up deadlines and continually do not listen to shareholders or give the impression shareholders are important.

Even when shareholders (me, amongst others) communicate repeatedly that the market are confused and need clarification as to what is happening - they remain quiet and give the impression that they are not worried about the share price. Then we had the Christmas PR drive with the promise of improved coms/monthly shareholder meetings etc. none of which happened.

We had Scott appointed to the board as he "is uniquely placed to represent investors' interests at Board level". He has not said one thing to shareholders since the Christmas PR drive, it is disappointing because we know Scott believes in the company and his recent 10 million buy indicates this but he is also silent. So we are left wondering what if anything, he knows, that would cause him to increase his holding by such a sizeable sum, that none of us know.

This has all (again in my view) caused investors to sadly move on to other investment opportunities, perhaps ones with less potential but where directors understand the market they are listed on and can communicate with shareholders. Those of us who held are considerably down on our investment in Hanno and Ncondezi.

I remain a holder as I think I will eventually see a decent return from my holdings at NCCL but I am disappointed, frustrated, fed up and more than anything annoyed with myself. I completely get why other investors have moved on. It has been a poor effort by the team in relation to coms this year.

I am led to believe that we will get an update this week or next but lets face it, this is most probably pulled out of thin air.

COME ON NCCL WE DESERVE BETTER COMS!

Current SP 3.30p 2021

Although I don't post much I am still holding and still happy here. I see a lot of potential and look forward to the future of RBD.

I took it as an opportunity to add a couple as my holding here was quite small.

So I was quite happy

States that they would not make these payments until "the Company was able to make these payments from operating cashflow" which is a positive and then states that they are locked in for a further 12 months. I don't see much wrong with that.