Member Info for chrishutch

Ncondezi Chief Executive Officer, Hanno Pengilly said: "The Ncondezi Project is one of the region's most advanced base load power projects which would be able to supply low cost reliable 24 hour power in a part of the world with some of lowest energy access rates. The Project's inclusion on the list of key infrastructure projects between Mozambique and China highlights the support at senior levels within both governments to progress the Project. The Company welcomes the opportunity to work with both the Ministry of Economy and Finance and the Ministry of Foreign Affairs, and participate in progress meetings with other key government departments. These meetings have the potential to facilitate various processes which could help unlock value for the Project. Several areas have been identified to potentially accelerate the Project development timetable, and these will be explored in more detail in the new year.

The Shareholder Loan restructuring process has progressed with draft documentation submitted to lenders for review. The Company received in principle support for the restructure in November 2019 and I am confident that the restructuring will be completed in January 2020."

Shareholder Loan Update

On 26 November the Company announced that it had received "in principle" support from all shareholder loan holders ("Lenders") to enter the loan restructuring. Draft loan restructuring documents were submitted to Lenders during December 2019, and the Company will make an announcement once the documentation is finalised as appropriate. The Company is targeting completion of loan restructuring documentation during January 2020. The loan restructuring is subject to the lenders agreeing to the documentation. The proposed restructuring would also constitute a related party transaction for the purposes of the AIM Rules for Companies. Accordingly, should the Restructuring be accepted by all Lenders, and before signing, the Company's Independent Directors will need to consider, and consult with Liberum Capital Limited, the Company's nominated adviser, as to whether the terms of the restructuring are fair and reasonable insofar as its shareholders are concerned. There can be no certainty that the restructuring of the Shareholder Loan will occur.

TIDM: NCCL

RNS Number : 5640X

Ncondezi Energy Limited

20 December 2019

News Release

Meeting of Priority China Investment Projects

20 December 2019: Ncondezi Energy Limited ("Ncondezi" or the "Company") (AIM: NCCL) is pleased to provide a project update on meetings held with the Inter-Ministerial Committee for China and Mozambique (the "Committee") regarding the development of the integrated Ncondezi 300MW coal fired power project and coal mine in Tete, Mozambique (the "Project"), and an update on the Shareholder Loan.

Highlights:

-- Ncondezi was invited to present to the Committee as a China Mozambique priority investment project

-- Ncondezi has been selected as a priority infrastructure project in the context of cooperation between Mozambique and China, agreed under the Second Forum Road and Belt, held in China during April 2019

-- The Committee is constituted by various sectors of the government of Mozambique, namely the Ministry of Mineral Resources and Energy ("MIREME"), Ministry of Land, Environment and Rural Development and the Agency for Promotion of Investment and Exports, and is coordinated by the Ministry of Economy and Finance, assisted by the Ministry of Foreign Affairs and Cooperation

-- Discussions were focused on evaluating the current status of projects and identifying where government could further facilitate the development process

-- Parties have identified areas where the Project development process has the potential to be accelerated, particularly with respect to key license applications and access to Government, and have agreed to explore these further in the new year
-- Ncondezi represented the sole power development project at the meeting

-- The meeting concluded with the Committee confirming its satisfaction with the Project update and progress to date, and emphasized its readiness to assist in all necessary aspects for effective project implementation

-- Draft Shareholder Loan restructuring documentation has been submitted to the lenders for review during December 2019, targeting finalisation in January 2020

lol

I see it go through and followed by a 9 trade on its own!

Code nine. haha Nice buy Jack.

Bought a few here on the ride back up

Still the buys appear. haha - got to laugh

Good to see Afzal buying here.

I took another little batch.

seems my buys today were badly timed, well done those now getting stock below at .999

someone just bought 1.5million at 0.741 - great price!

https://www.proactiveinvestors.co.uk/companies/news/909523/tissue-regenix-increasing-throughput-in-its-facility-to-meet--exceptional-demand--for-its-products-909523.html

They said funded through to the end of the first quarter and have a debt facility. I found that reassuring. Also sounded like the only reason for weakness in price was the woodford sell off.

?

I wonder if those that are on the sidelines will risk being out for much longer. It would be a shame to watch this board all the time and not have a small position for when it starts to move up.

Looks good out the gate this morning.

Reabold Resources
@ReaboldPLC
Statutory planning permissions are now in place to drill two additional wells, #WestNewton B-1 and B-2, to test the Kirkham Abbey formation and test the potential of the Cadeby formation, which is considered a high value target #OOTT

Reabold Resources
@ReaboldPLC
"#RBD is delighted with the progress that continues at the West Newton A-2 well. Reabold’s recently increased interest in Rathlin provides further exposure to what continues to develop into a very exciting, large-scale asset” Stephen Williams, co-CEO commented

Reabold Resources
@ReaboldPLC
·
18 Dec
The well test was suspended in August 2019 in order to review and revise the test design due to the discovery of liquid hydrocarbons as well as gas at #WestNewton – the extended well test will recommence following receipt of required approvals #OOTT

Morning all.

Great to see some positivity on this board and why not.... It is going to be a good year ahead.