Member Info for laxeymouth

https://www.bloomberg.com/gadfly/articles/2018-01-22/ge-alstom-writedown-could-be-next-shoe-to-drop ....Stack em high boys..

Beautifully put TTP..

The Alstom deal is important ...because depending on what you read or who you believe its quite a maligned deal... The CEO says they bought a cash generative business that would of taken 50 years to build.. HOWEVER the hedgie shareholders claim it's the reason G.E slashed their dividend by 50% buying a fossil fuel-centric tech manufacturer at a time most of the world is looking for greener solutions... The Pakistan THAR project is a perfect example of G.E supplying that exact same tech to CMEC but G.E are ONLY suppliers to that project... Tete project is hella different as G.E are looking for an equity stake in our project but takeover bants aside .. they CAN dump a shitload of Alstoms gear into our lil ole PP...particularly as we ramp up from 300 to 1500... (Imagine , after a profits warning , explaining to those same hedgies that you walked away from a deal that could of made the Alstom deal a bit more swallowable?).. There is a clear need to find homes for this gear.. Note our heel turn on CFB plans?... Ok regards the big TO...We have 40% but G.E/CMEC have clear options to take more than that as per RNS....of a project that G.E will fund, build and operate...c'mon? Hmmm...so say they take another 20% and leave us with 20% we will be left with about £18m PA when PP is profitable in years to come.. What's the point?.. Do we think Hanno ect will still want to be hanging around Tete that long?.. I personally think the less we are left with, the MORE we are in the way.. The final play (regardless of our involvement) will be, imo , is G.E will build ,operate and establish then themselves SELL it to black owned private equity as per the BEE initiative currently in play across Africa....NAI/DYOR/GLA x

Well played CF...whilst i wont subscribe to anything other than what we know...The Alstom deal is key here and it underlines what i said about G.E is swimming in CFB tech and as Roysie has pointed out as per rns we are switching back to CFB model ..busy now more later..;))

Even G.E have been affected by this...in fact the more i read the less i comprehend to how fcked the situation is....www.businesslive.co.za/bd/companies/energy/2017-04-26-ge-claims-eskom-favoured-trillion-bid/

Now there are piles of research here (for Eskom read Enron or Carillion) Insider dealing...jobs for family..homes for employees scam..illegal tendering..fields of coal missing...loans for developments used to pay wages..power outtages..an ugly can of worms all around but if Eskom goes it will take everything...DYOR...so the dependency has to end soon on this 'too big to fail'..Step forward G.E https://www.moneyweb.co.za/news-fast-news/eskom-would-have-defaulted-without-pic-loan/

"Expansion plans (13 Febr. 2017). "BHP Billiton is in talks with Mozambican authorities about the expansion of its Mozal aluminium smelter, with electricity availability seen as the main constraint... BHP Billiton was in talks with the authorities on how and when to roceed with the $500 million project that would boost aluminium production to 750 000 tons a year from 540 000 tons. Mozal is ready to start the third phase. The site is already prepared. The only constraint we have now is power availability... “From the moment the energy is available, the expansion project will start and could come on stream in two to three years.” The existing Mozal smelter requires about 1 000 megawatts of electricity.."

The SEP deal promised us $60m based on solely the power project.... The G.E/CMEC deal is combined mine and power plant.. What price for 4.4bn tonne of coal in the ground?.. What price for the remaining 40%?... Only 20% of Moz is electricified.. Even if G.E spent 1BN on total cost of project they would recoup that by year 10 of 25 yr life.

Not subscribing to either theory but if G.E did that then NCCL would likely take up another offer from the table ..(agree that yes , it would devastate us ) but all our progress in this project is not exclusive to G.E or CMEC or indeed SEP. We are in the Moatize money pit with the Nacala railway so likely we have plenty of suitors either way... Albeit G.E are a 'headline' act though.The Rio Tinto of power.... What i came across in my research though is G.E have an awful amount of equipment/plant /turbines/gennys...swimming about Africa that needs a home ..soon.

2 months without an Rns......hmmm...;))

I like your thinking CF..like i say i WANT to be wrong.

(Conservative) Each 10% extra = $20m plus the original 60% and plus historical costs...

And by christ...i want to be wrong!

Surely closed period only prevents those on inside buying or selling?...If the construction bids were late or indeed a takeover offer was received then they'd have to tell the market or indeed suspend OR in case of high vols issue a speeder denying all knowledge...If we are reading this on a bb then clearly 'it's out' so where are the vols?...plus an esteemed holder hit Hanno less than 48hrs ago by email and nothing was mentioned...

Even in suspension.. you'll only get away with a temporary hold on news...ie 'pending announcement'...

Eh?...closed period regards BoD buying shares?...or closed period regards BoD releasing news?...The former i am aware of but the latter is a new one on me!..and i have been in suspended shares once or twice ;))

;))

Swap 'em for Shandies Tony..

From Oct Rns... "Funding ratios to be adjusted should CMEC and GE take an equity stake larger than 60%...." Imagine.

Then on Financial close they will (as per the SEP deal ) cough up another $35m ALONG with a huge CMEC contribution as this model IS combined (mine and plant).....14m mcap