Member Info for glenmorangie

So Is that a no or yes Antofelli - are you a believer in Mr C or not ?

The way the world is going we might not have another 5 years.

antofelli, your obviously in a very defensive mode today - I was just trying to establish if you believe that the current events that you see happening with shooner (I take it under the leadership of MR C) are going to ultimately benefit (financially) HNL PIs ?

Can I ask one thing - do you actually believe that Mr C is currently acting in the best interests of HNL PIs and is going to going to complete some amazing business deal that will benefit the PIs over the coming months ? i.e. bring the Company back to trading or give us some sort of windfall payment.

Hi Antofelli, great to see you at top of the board again.

It is extremely rare to see a PI so positive about a CEO's business/commercial abilities/activities that has just put a Company into administration in the way in which he did and then disappeared off into the night or should I say America.

I can only surmise that you must either know more than we do about the current situation or are delusional about it.

Can I ask one thing - do you actually believe that Mr C is currently acting in the best interests of HNL PIs and is going to going to complete some amazing business deal that will benefit the PIs over the coming months ? i.e. bring the Company back to trading or give us some sort of windfall payment.

Cheers

First time I have visited the board in a while - very unusual not to see antofelli at the top of the board with the last comments. Maybe on holiday. So are we waiting for the 22nd to see why the Compulsory strike-off action has been suspended ?

Very childish Bugboy - what you don't get is that there is very few long term shareholders left (not on this message board), the ones that are still here like myself couldn't give a toss about comments from rampers or de-rampers like your self. Have fun with your veiled activities.

Burgerboy - very aggressive attitude you have there, do you own shares in Ncondezie or do you just go about message boards stalking rampers ? Unusual pastime unless your motivations are veiled.

So Burgerboy and ian12, who sent you guys a long ? - you say Sharebel is a pathetic ramper does that make you 2, pathetic de-rampers

Ncondezi Chief Executive Officer, Hanno Pengilly said: “The proposed restructuring terms provide the
Company with a potential non-cash solution and protects existing working capital. The loan conversion terms
are considered attractive versus other refinancing options currently available to the company. The restructuring
follows positive progress on the Company’s solar power initiative which we look forward to providing a more
detailed update on in the near future.”

Good news on the loan restructuring and looks like they will be updating (positive )on new solar project pretty soon.

This is the 1st negative post I think I have written - all I see is more and more dilution, between this current share deal and previous share issues and all the associated warrants that have given out, we must be in excess of 1 billion shares If everyone exercises their warrants. We accumulate more and more land which in turn increases the cost burden to prospect/drill that land, which requires more and more dilution. The PIs that bought in to the Company 3/4 years ago like myself, I bet didn't see this coming. I certainly wouldn't have went anywhere near the stock if I new this was the direction we were going to take, I bought in to the KSZ with the potential to find a Norilsk type deposit.
Apologies if I seem a bit ****ed off with being 60% down on my investment but I don't believe that the current direction is for the benefit of the original investors and I am bloody sick of averaging down in stocks because you never know where the bottom will be and how much more dilution is in the pipeline - only our illustrious CEO knows that.
Anyways I hope he has some serious partners with deep pockets lined up or the SP is going to keep heading south.

They did publish year end accounts & annual report on the 27.06.2022

and you are not answering the question asked - what makes you think that PIs will have a hope in hell of sharing in any CCS deal with Cochran at the helm - have you been in contact with him and he ensured you that he will see us alright, that this has been the plan all along?

Something tells me I don't think so.

You, I, Cochran owned the Gas producing assets and look what he did to us !!!

Anto you have not answered my question - what makes you think that the PIs will benefit from any Carbon Storage deal ? that if it happens is held by the directors of the Company in a subsidiary - you have already stated that Cochran fckd us over , in your words, 'We all agree that Cochran has fckd us over' regards our Gas assets including producing assets.
If a CCS deal does happen what makes you think he will act any differently towards the PIs - especially now he has pixxed off to the US of A?

Anto - can you explain to me why you think that the PIs have even a remote chance of seeing their investment back ? In your mind how do you see a successful conclusion for the PIs playing out ?
What are the steps that you can imagine happening where Cochran is involved, acting in the best interests of the PIs and where we have any rights to any aspect of a CCS deal taking place, if in fact one still exists ?

That's for sure Ghost

sorry 2nd of June

cfh you don't seem like a smart investor to me - 1st the stock markets were closed on the 2nd of May and 2nd you are going to sell before in your words the company is going to 'Pre raising bull to ramp the sp up'. Why would you not wait for the sp to be ramped up before you sell. I think we should take what you say with a pinch of salt. All the best.

Hi, as stated previous I attended yesterday.

Summary:
Coal power project still in play - there have been no communications one way or other on the matter - other projects cancelled over the last 6 months by the Chinese but they were not as advanced as ours . Hanno commented that the Chinese economy has been slightly faltering as of late i.e. not going to hit their 5% growth target this year. He said usually when that happens they tend to open up the purse strings to invest in infrastructure projects to boost the economy. Who knows on this one, we wait as usual.

With regards to the Solar project he said that they hoped to get feasibility study done over next 6 months to present to Mozambique Gov / EDM and potential investors. He said they had been investigating the possibility of a large scale grid solar project from last year. I think he stated they would be targeting 100 MW+.
He reckons that there will be significant appetite for this type of project from western investors and is more likely to get fast tracked through Gov channels. Also due to a simpler installation to that of a coal power plant he reckoned they could complete & connect to grid much sooner than coal power project.
They 2 are completely separate projects and does not impact our relationship with CMEC , did not rule out that CMEC could be investor in project.
Update due next month on Solar project.

That' about all I remember

Did any of you guys attend the question and answer today ? interesting listen especially the Solar project .