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Hi Wellsite
So you are saying, that any unscrupulous CEO can remove a Public Company from whatever trading platform, steal the Companies wealth then declare bankruptcy and not bring it back to trading and they are not breaking any market regulations with severe consequences ?
Is that what you are saying ???
What a crock - he is planning his escape and playing for time. We have went from owning significant assets to now considering if we can remain a going concern.
Disgusted
I meant message not e-mail
Hi Stan,
I think it is totally out of his control at what pace this project moves and wither or not it eventually gets signed off.
Did you read my previous e-mail ? All those contractors that I had nearly completed T&Cs and negotiations with, were told ihe project had been cancelled and there was absolutely nothing they could do about it.
By the way some of those contractors were multi-nationals but were powerless to influence our decision.
So how much influence and power do you think a Company our size and Hanno has over CMEC and EDM ???
We have to hope that the campaign by most of the world against carbon generated power is put aside regards this project or do you think Hanno should have been able to influence that as well.??
Hi Pirate - we are now at a stage in the project where any updates are going to be dictated by the actions/decisions of CMEC or EDM . Do you not think that Hanno would communicate any material changes to the current status, if there had been progress and he was allowed to do so. Of course he would , for a start if it was positive news, then it should have an impact on the current share price, which everyone wants to see.
This is out of our Company's hands and to to certain extent always has been.
I work for large multi-national in the commercial dept, responsible for contract formation, negotiating contract T&Cs and pricing.
I am currently working on contract completion on a project that was pulled in 2018 at the 11th hour, after we had nearly completed all the commercials with all the main contractors. I had absolutely no idea this was going to happen until it did.
The reason it was pulled was based on a decision from the top to build a $billion plant in South America. Mostly all available funding went to that project and many projects in Europe were pulled until now.
If I didn't know that decision was going to be made back in 2018 and I work for the bloody Company, what chance has Hanno got of giving updates on a project that is being governed by the major players
Something else, I don't know of any small companies like ourselves that are involved in a $Billion project, that is at this stage of potential sign-off . Highly unusual.
It's time for people to either place their bet and hold to see what happens or move on. I am down significantly on this stock, as probably many are that still hold but what I am not going to do is ***** and moan about the current situation. I am responsible for my investment decisions and could have got out of this stock with a profit years ago but didn't, my choice.
.
Can't believe people in this board are blaming Hanno for not being able to control or dictate to large multi-nationals or an African state department. They will determine what rate the project moves at and if it will eventually get over the line. His job is to try and accommodate and support project objectives and hopefully at the end of all this we will have value and a decent share price to reflect.
We shall see !!
We should be getting a PR before next Tuesday, regards the Bridige Loan to Ncondezi Green Power.
in order to ensure the Company has sufficient time to refinance the Bridge Loan, a Bridge Loan Extension has
been entered into by Scott Fletcher, Hanno Pengilly and Michael Haworth as Lenders and Ncondezi Green
Power as borrower. The Bridge Loan Extension provides for the Bridge Loan to be repaid 20 business days
after the existing Repayment date taking the Repayment Date to 7 December 2021.
CF - Agree with you assessment. I was on the Q&A yesterday and that's exactly what came across. All companies/countries involved in carbon projects just now are keeping a low key. COP obviously fresh on everyone's mind.
Apologies for last message, thought 1st one did not upload correctly
Do you think America nd China will commit to hardline emission reductions if it impacts significantly on their economies and effects their ability to keep the lights on in their respective countries ?
How much faith do you have in China and America yo actively putting solid and aggressive plans in place to reduce carbon emissions ,if it is going to negatively impact their economies and ability to keep the lights on their respective countries?
Must admit Stan - have never known anyone to get so agitated over a stock that they have never been invested in unless they have some history with the directors of the Company or have some alterative motive. Do you you do this with a lot of stocks or just NCCL ?
By the way I am invested and don't get as wound up - frustrated maybe but I am responsible for my Investment decisions and could have got out at various stages a long the way and made money. We will see what happens in the next couple of months!!
Anyway everyone to their own I suppose.
Take it easy Stan
Well your in a cheery mood today Stan - are you still invested in the Company ?
So going by the numbers Ella provided, if all options and warrants were exercised we would add an additional £9,279,033
to the Company coffers and have an o/s of circa 614 million.
Probably won't see all options/warrants exercised but if conversion is to a reasonably high level, then funding should be sorted for a while.
The trick is getting the share price to a sufficiently attractive level to motivate holders to convert.
0.01 9,875,000 £98,750
0.025 45,560,875 £1,139,022
0.028 1,428,571 £40,000
0.0425 68,959,091 £2,973,261
0.0425 3,000,000 £127,500
0.085 38,800,000 £3,298,000
168,623,537 £7,676,533
0.008 2,725,000 £21,800
0.025 2,600,000 £65,000
0.028 13,400,000 £375,200
0.033 3,500,000 £115,500
0.05 12,250,000 £612,500
0.075 5,500,000 £412,500
39,975,000 £1,602,500
Total 207,598,537 £9,279,033
Cheers Ella
Has anyone been keeping track of how many outstanding warrants there are and at what price they will be exercised ?
Just curious.
Looks like the Chinese leader will not be attending COP26.
Hopefully a long with statements made this week, that they will still pursue the building of new coal fire power stations albeit 'advanced coal-fired power plants' , is a good sign that they sign-off on foreign projects of similar ilk (at advanced stage)
Hi plmacca - no your not going to loose all your shares - they are speaking about the spin off company Ncondezi Green Power. which currently has one asset in it. Nothing to do with the main project.
I see there is a new website under construction for Ncondezi Green Power .
It would be a extremely hypocritical of China to have a completely opposing international energy policy in/for Africa. Also they are short of coal supply to support their own coal power plant ambitions. Wonder where they will get all that required coal from ??