Member Info for garykc

And this from their 10 year plan:
Coal: Mozambique has some of the largest reserves in the world (23 billion tons of proven coal reserves) which can provide an economically efficient power supply whilst using new technologies to reduce emissions levels. Cooking coal is exported overseas, while thermic coal remains unutilised as a power source. Current reserves correspond to a 2,000MW generation capacity. EDM, during the next decade, will develop the
19EDM Strategy 2018-2028following projects: Nacala (200MW), Cuamba (300MW) and Tete (600MW)

This is from the NCCL website:
Finalise tariff offer with EDM - H1 2020
Finalisation of Ncondezi historic costs - Q2-Q3 2020
Finalisation of subscription price - Q2-Q3 2020
Finalise PPA and PCA - Q2-Q3 2020
Quite ludicrous out of date timescales!!!!

7 years slow!!!!!

The Ncondezi coal project is a $376-million project with a total Joint Ore Reserves Committee (Jorc)-compliant resource of 1.8-billion tons. Ncondezi’s first coal production is scheduled for the end of 2014 or early 2015, and has an estimated 37-year life-of-mine.[27]

According to a March 2016 report, an MoU was signed between Mozambique and Zambia for a 1,200 MW coal plant in Nacala, the city in Nampula province where Mozambique's Nacala port is located. The plant would also power Zambia.[1] A report in July 2016 placed the jointly sponsored 1200 MW coal plant in Mozambique's Tete province rather than in Nacala.[2]

In August 2019, it was reported that China Energy Engineering Corporation and Moroccan port and civil engineering specialist Somagec Mozambique will build a 200 MW coal-fired power station in Nacala. The estimated cost is US$355 million. Operation is planned for 2022. Coal will be supplied by Vale Moçambique from Moatize, Tete province. An Environmental Pre-Feasibility and Scoping Study has been submitted.[3]

Project Details
Sponsor: Somagec Mozambique
Parent company: China Energy Engineering Corporation
Location: Nacala district, Tete province, Mozambique
Coordinates: -15.5, 32.5 (approximate)
Status: Pre-permit development
Capacity: 200 MW
Type:
Projected in service: 2022
Coal Type:
Coal Source: Moatize, Tete province
Source of financing:

Can't remember these two on the EDM website before:
1 Feasibility study of the Cuamba Thermal Power Plant
CMEC 4,2 MUSD 2018 2020 Ongoing
2 Mozambique-Malawi Interconnection Project
Banco Mundial 3,6 MMUSD 2016 2018 Ongoing

Are those two trades of 277k rollovers?

The question that I keep asking myself, and getting nervous about, is why aren't the directors buying at this level if the contract was nearing completion? Are they locked out from buying??

See our massive buyer is back, LOL!!!!

Run, not rub

Absolutely zero interest. What a shambolic way to rub a company

Maybe the master plan is to let it drift lower so the management can buy us all out then announce the deal. My god, I’ve turned into a cynical twat!!!!

Sell limits coming down too this morning. Only 200k at 2.502p. Lack of appetite at the moment. This could drop further today on weakness.

Sell limits going up. 340k to sell now at a tad over 2.5p

Nice little bounce this morning on quite small volume. News due soon??

Can sell 300k at 2.5252p this morning.

Can sell 300k with H&L for 2.4825p!!!!

Can sell at 2.4p at the moment maximum 250k. Very tempted to offload my 1m.

Without taking through, which I will do later, any timescales

Any mention of the RCF??