Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Bearing in mind how tightly NCCL shares are held and with almost 50% of the shares in issue held by five shareholders, I suspect the drift down in price has been due to placing shares flipped for a quick profit.
I am surprised that there has not been further director purchases in the market. Perhaps this suggests that NCCL is in a close period.
The trouble around Cabo Delgado is around 800km away from the Ncondezi project and ought to have no impact on project development. This issue has been going on since 2017.
In the link below (source originally posted by hammerphil1989) if you open the video on the left hand side, the video takes you through the route of the transmission line from the Matambo substation (Tete) to the Phombeya substation in Malawi. Around 2.43 into the video is my estimate of the area in which the transmission line (red track in the video) is close to the Ncondezi project.
https://drive.google.com/drive/folders/1xuSv8Hr052Hma5yLIR_zMiruOPvkukaE
Caterham7 re Drilling
I was thinking that as there is a 25 year 4 Billion tonnes JORC compliant mining concession in place (59667C) the need for further independent verification was unnecessary. Also wishful thinking that there are already ’spades in the ground.’
Thanks Chris
The appendix of the Ncondezi Integrated Power and Mine Project presentation of May 2020 is well worth a re-read and includes much technical information.
PowerPoint Presentation (ncondezienergy.com)
I had not previously noted how close the Ncondezi project is to the route of the proposed transmission line linking the Matambo substation (Tete) to the Phombeya substation in Malawi (for which formal bids for construction were recently processed.) Furthermore the close proximity of the Ncondezi project to the Nacala railway and a main road (see map on page 19 of the presentation)
My previous post should read, 'the approved budget of UD$1.8 million funded by CMEC'
Having previously mentioned that I had anticipated an end of month update, I have given some thought to what we could have been updated on.
I was hoping to hear of the progress being made on the accelerated development work being carried out on the project as a result of the approved budget of UD$1.8 funded by CMEC which was announced on 16 November 2020.
In particular I was expecting to hear of progress made thus far on the additional survey drilling. As Hanno mentioned in his comments in the RNS of 16/11/2020; ‘’Consultants have been instructed and work has commenced. We look forward to providing further updates in due course."
It would be helpful to know the name of the consultants and whether the purpose of the drilling is associated with the quality of the coal or in connection with building work on the proposed construction site.
It would also be useful to find out if the construction site has been fenced off and whether there are any buildings temporary or otherwise in situ to store plant and accommodate workers.
I was anticipating an end of month update as has been the case recently.
More buys than sells again and yet the price is down 5%. Not quite sure how that works. Presumably this is not a SETS stock.
The Ncondezi Project is approximately 35 kilometres from the Vale coal mine. So in my opinion the Vale disposal is unlikely to be of any significance. The coalmine in the planned Ncondezi project is adjacent to the power station.
It is worth recalling Hammerphil1989’s post of 5th November 2020 RE: Transmission Line Bid
‘Looks like CMEC were the most competitive for the Mozambique- Malawi substation contact:
Contract: Design, Supply & Installation, Commission and Handover of the Matambo 400 kV Substation in Mozambique and extension of the existing Matambo 220 kV Substation
https://drive.google.com/drive/mobile/folders/1xRcrKyRj5Dggd0-uZ801E0JtQQzgRsYx/1lKzQcdwjWYMMQM3HuthqllKQRlIf6boZ?sort=13&direction=a’
Chrishutch do I remember correctly that at the Investors Call it was suggested that the current share price of NCCL is not of relevance in negotiations with CMEC and EDM surrounding the development of the Power Project?
That figure would barely cover the back costs, never mind the subscription fee, the developers fee, and the value of the coal in the ground (without which the project could not proceed)
I think that unless CMEC were to purchase all of the NCCL 40% they would have an obligation to pay the developers premium.
The Investor meeting today was indeed very interesting and informative. The balance between risk and reward is looking positive.
I think those trades are MMs transferring shares to each other. I can't see why anyone would sell at 4.5p.
I may be wrong, but my guess is that as people are hanging on tight to their NCCL shares there is a shortage of shares to fill an order.
From the Polenergia web site;
'due to high degree of unpredictability, renewable energy sources cannot be the only source of electric energy. It must be supported and complemented (e.g. if it is impossible to generate energy from wind due to weather conditions) by conventional sources. Connection of power plants based on conventional fuels to the grid provides a possibility of connecting and balancing additional RES.'
Strange that the unusual price action over the last few days should lead to the current price being lower than the average price of Scott’s recent share purchase in the market.
Taking account of Ultra Low Emission Technology, I think in addition to the Power Project the Chinese may well be interested in the coal. The integrated open pit coal mine is targeted to supply 1.5 mtpa to the power plant. The original plans for the open pit coal mine had a target production up to 10 mtpa export quality thermal coal with the further potential of metallurgical coal.