Member Info for kinna

Been dumping around 50k to a hundred a day since this news broke. I felt sick. As usual even with a stop set at 4.2 they sold around 3.8. I bought in 4 years ago around the 4 to 5p range. Then bought more at the 6 or 7s. Once it hit 10p my investment here was worth 52k in real money. Instead of being sensible I thought "This.may only go higher". Stupid move. My own fault entirely. At that point investors and MMs had confidence in the project especially with GE on board. Through missed deadlines, lack of communication from a CEO who effectively worked for us it started dropping. Then rising a bit. We realistically visualised a 26p share price by now. Then news of our money being used for other projects leaked. I have lost the equivalent to a few Mauritius holidays & a couple of decent used Range Rovers here. It eventually come down to instead of speculating my adult head kicked in. As in "how much can I afford to lose"....Hanno is probably collecting a lovely salary off our backs. One thing I have learned is that even with a stop in place , does not guarantee offloading at that price. I feel no confidence at all now. This was going to be like a lottery win to me & others. I have invested for years. I fell in love with this share. Big mistake. Without all this news once valued at 10p plus. Now investors, MMs & the silent few like I was for years have lost confidence in Hanno & this idea. I only piped up because I saw massive red flags. There was a very skilled investor years ago called Lurker who used to post. Wish i had listened to him now. I never posted before before as I neither ramp nor deramp. I just do not like good people like us filling the pockets of CEOs....

Well said. My sentiments exactly. Maybe I am bitter. I made the mistake of becoming emotionally involved in a stock & being dogged for over 4 years with it. A CEO who will not invest his money in his own company yet uses OUR money for his brother is going to lose confidence with the MMs & investors like ourselves. He is not CEO material. With contact made already he could either confirm or dismiss GE with a few phone calls.

When Market Makers lose confidence do not expect this to rise. This was trading once at 10p without any of these RNS's....Confidence has run out & will continue to fall.

I find no joy in what has happened here. As an investor of over 4 years I have lost a lot of money here. I invest not gamble. The management here is a joke. The whole thing is based on a gamble. The company has turned no profit nor is even running. Hanno could easily have called GE & questioned them. We have had no answers nor any honesty from NCCL.The management is incompetent to say the least. It is an idea at best. After all this time I am out completely. For those who remain please see this as a bet rather than an investment. I would love to see ere all the money has gone from our shares...To prop up sister programs which relations run etc. This is Africa...This is AIM....Spent to many sleepless nights over this share & money I have lost here is a tidy sum indeed. Be wary. For the brave I wish you all the best I really do

Over 5 RNS, since GE pulled their plug within days when no RNS really before & investors wanting communication is a red flag to me. Still invested. Not to previous levels. If takes off. Would rest at about 26p per share. Great profit. Also enough time to buy back in. If CMEC get the heebie geebies...It will disappear. So will your cash. I am saying it is a gamble now. A huge one. It is a piece of soil in Mozambique that no work has began on.

GE will not be supporting this project. Nor will they be selling off their equipment to support it as they will still be servicing EXISTING coal powered electric plants. NCCL is not amongst them. If you hold shares in GE please read their posts. They will continue to support existing projects. This is not amongst them. I am only saying put in what you can afford to lose. This has been a golden goose for years.....without any progress. Just delays...year after year. GE are out. Even Hanno admits to this

https://www.carbonbrief.org/analysis-will-china-build-hundreds-of-new-coal-plants-in-the-2020s

Meant to say 250,000 shares. Hoping you could read between the lines. That was what was remaining after 750,000 shares from 4 years ago. I have lost patience with it. That is all. From the last days of Carillon...shares gathered momentum. A major player is out. GE. This is a gamble. It is like betting on a football team to win ,who have lost half their best and reliable players in a stadium which has not been built yet. There is an established coal electricity plant in Mozambique already....struggling to turn profit. I have been here for years & seen 10p a share without all this news. The MMs are generally not wrong. This was hovering a few years ago around 5-6 p per share. Topping 10p. If you can afford to gamble I would say yes. To people who cannot. I would sell. This is a very speculative share. Even more so now GE has pulled out. Not one bit of ground has been dug. By the time another supplier can come along, The Government may have changed again in Mozambique. If GE has pulled the plug I am out at a huge loss. If it comes to fruition of course i will kick myself. Personally I am suspect of how every other company is losing on the SP, this is gaining after such news which will put plans back at least 18 months. Remember who holds the purse strings ...Not you the investor if this goes tits up. So gamble. If it pays out I will be happy as I still hold what I can afford to lose. If heavily invested. There are plenty of red flags to a seasoned investor.

I have been a holder here for sometime. Gradually selling these off at a loss. Soon as GE news come in I offloaded remaing 250 shares & reinvested elsewhere. Wish I had sold at 10p if any remember that time. I have lost patience with Hanno who has been syphoning off NCCL for his brother. Missed targets etc. Also looking deeper & invite everyone to do so. Less than 50% of Chinese coal electric power is running at a profit & there is a running coal power electric plant in Mozambique already. I would not be surprised if CMEC do an about turn. It is very difficult to sue the Chinese. If CMEC is having difficulty turning a profit in China I doubt if they see Mozambique as a gold mine. Reason people sold is because this is real money involved. I do not trust NCCL been a holder for 4 years. I honestly do hope for those involved it takes off & you bag your riches. This though is Africa on AIM & a few of us have been burned before In these times I will not speculate my hard earned cash. Reading reports from GE they will not be involved whatsoever in this project. Info from Hanno has been scarce. This share is not undervalued at all. It is a **** storm that has cost many of us 1000s