Double digit week18 Mar 2019 07:42
Been a long slog here but 20-30p has always been on the cards for the patient. Last week was just the start.
I was paying 9p for these golden tickets on NBO day, so getting an entry here almost two years on represents great value and minimal risk.
What with the government backing the deal now and both partners ravenous for the deal.
GE have been through two regime changes since the NBO and both new exec teams would have reviewed the viability and numbers for the project. It’s an indication of how much GE want this when out of each review the Ncondezi project comes out smelling of sweet beautiful roses ( it also gives you some insight into how great the numbers must be)
Not much to be said about CMEC apart from H mentioning a few times that if given the opportunity they’d happily snatch up GE’s slice of the pie. These guys just go very silently about their business - though I have heard they are very keen on a JDA signing ceremony in China , not dissimilar to when we signed the NBO. Just imagine the level of PR and spotlight on Ncondezi when that happens , it’s going to be mega
Can you hear that rumble ??? That’s two very very hungry partners