Member Info for laxeymouth

How often to you hear an African leader speak such sanity ? Mozambique are DO-ers this is why China do have a little brother relationship with them :)) http://www.dailymail.co.uk/wires/afp/article-5709025/Mozambique-leader-eulogises-rival-vows-stay-walk-peace.html

Just know we looking at one crazy summer here...and it's rare to feel this chilled..Those SP predictions make me drool i must say.. Fully funded gives that warm fuzzy feeling .. Many of us here have had long trading educations and of course still learning every single day but i haven't seen a set of circumstances like these.. I actually struggle to think how our timing , our Partners, our project,our location Mozambique being an actual forward thinking flapship example to the rest of Africa could be bettered And even that turnaround, like everything else in this deal has been timed with perfection.. Alstom ,Silk road, President Xi, the Trillions involved and little old Nccl slap bang in the middle.. Nothing short of miraculous and there's an expression in football .. "don't be where the ball ain't"...... I think we are the ball... Next news will light this... Gla

We'll take the blue .. lets see if we get both feet over 7p next week

45 days (to complete works on No.1) from April 9th brings us to May 24 BUT we have to add however long No.5 takes to analyse because as per the rns, work on 1 does not commence until 5 is 'analysed'..Hope those heaters are doing the biz. Add to this news of JV and No 6 being lined up soon..

https://www.independent.co.uk/environment/china-belt-and-road-initiative-silk-route-cost-environment-damage-a8354256.html

I really thought we had lift off yesterday afternoon shame....still ..we ARE looking very 'primey' and 7 sessions left til month end.We look back at 4p and laugh We'll look back at 7p in hysterics...Onwards Upwards GLA.

What a result.. Right time Right place Right Partners.. This is fate.. The perfect backdrop which transends mere electrification needs and an Aim struggler with 4.4bn tonnes of coal and a drawing (!). From SEP deal falling through to the new Silk Road to this new VAT exemption.. i have always thought this deal has an unprecedented set of circumstances around it. It certainly couldn't have a better climate now.

Useful idiots whose trading plan or targets you've zero idea about... But still i am glad you are here....I need to hear all angles and infostreams when holding a share and no doubt it suits you because you certainly get more of a audience here than when you were actually blogging...eh John?

John .. What do you think is fair value upon binding?

That is wrong board!

Tell me what do you think is fair value on binding?

Dip through the day until 9 am in NYC ! 8am in Texas and 2pm here .. we do this a lot!

John.. Surely the timings of the last 2 placings and the amounts would hint at 'a bridge' to reimbursment?

Coal is not needed in an intergrated coal to power project and our reimbursement of historical costs may not happen as per SEP deal as things "might be different now"???...."No one will pay more than that"? You realise of course that our return of costs will be based on percentage split? It's not our entire outlay being returned, it's 60% currently .. picture a sliding scale depending on final percentages..This would of course gets sown back into the project.After binding We are no longer driving this at whatever percentage....i don't expect to see Hanno down at Bank of China trying to negotiate a 200m loan anytime soon.

In June 2015 it was reported that China will provide US$200 million out of $950 million for the proposed mine and will finance $625 million out of $1.1 billion for the power generation.[18] In August 2015 a consortium of Chinese and Pakistani banks committed to fund the project. The project’s total debt component is US$1.5 billion, out of which $800 million will be financed by Chinese banks including China Development Bank and Industrial and Commercial Bank of China. Another $200 million will be arranged by China Machinery Engineering Corporation, the contractor of the power plant. Sindh Engro Coal Mining Company sponsors have contributed equity of US$500 million, with local bank lenders including HBL, UBL and Bank Alfalah. The National Electric Power Regulatory Authority has approved a tariff to ensure a 20% rate of return on the project.[12] In December 2015 the People's Republic of China granted approval for an investment of US$1.2 billion for establishment of a 660 MW coal plant and surface mining of 3.8 MTPA (million tonnes per annum) of Thar coal.[19] In April 2016 the project reached financial close. Shareholders of both companies (Sindh Engro Coal Mining Company and Engro Power­gen Thar Ltd) will inject about US$500 million. A syndicate of local banks will provide $500 million for the mining and about $240 million for the power plant. The local syndicate is led by Habib Bank, United Bank, Bank Alfalah, Natio­nal Bank and Faysal Bank. In addition, a syndicate of Chinese banks consisting of China Development Bank, Construction Bank of China and Industrial and Commer­cial Bank of China are providing $820 million loans for the project.[20] Project Details Sponsor (Phase I): Thar Power Company (THARCO) Parent company (Phase I): Sindh Engro Coal Mining Company (a JV between the Sindh government and Engro (50%), House of Habib’s Thal Limited, Hub Power Company, HBL Bank and China Machinery Engineering Corporation) Sponsor (Phase II): Thar Nova Power Thar Private Ltd (TNPTL) Parent (Phase II): Thal Limited (part of House of Habib) and Novatex Limited (part of Gani & Tayub group)

Nothing to buy out? Eh? The coal is ours for a start and the project blueprint is a tangible asset.. It was heard from the horses mouth that a buyout AS WE STAND would be 30p per share ... i think both our Partners know a bit about financing and could easy take it from here!

Didn't the BoD do a few meet and greets last week? Perhaps Mr Beetham was one of those granted an auidence.. Perhaps he got a nice vibe ..

Anyone reckon a Yankee buyer here too? ... It seems to wake up after late lunch..

Nice one Will .. The 3 year chart here is 'almost' my whole investment case as it tells a story .. Above 2 quid SP at $35 per barrel and now today we buy at nearly IPO price and Oil is $80.

I see one potential Avenue for shit news .. that being Well 5 rendered a dead loss but actually 4 or more avenues for good news which may come in the form of Well 1 behaving ,Well 4 flowrates, Well 5 being salvageable and possible incoming JV news from Texas ..home of the oil deal.Add in too possible Well 6 news or a light combination of all and we will see some light here.On the surface it looks like only a farts worth of good news is needed here but we will see.In at 24p GLA..