Member Info for laxeymouth

Goggles, visors , seatbelts.. check.

Strategic review and a cash balance that refuses to decrease. Acquisition and a farm out being run in parallel. Not sure if we are in a more complicated position than before but it will all come out in the wash. I am expecting a blue day though.. Good luck all

Fantastic post Gods and very balanced although If you listen to Hanno again he says our historical costs will be reinvested at F.C. by us.. And we will take our costs up to F.C. from that pot. This will be the first drawdown of our historical costs and it comes BEFORE F.C. as per the options RNS. The remaining balance (ie most of it ) will be reinvested at F.C. Other than that I agree we have possibly a surprise revenue stream with our surplus coal.

Again the names getting involved https://uk.reuters.com/article/us-ethiopia-textiles/ethiopia-bets-on-clothes-to-fashion-industrial-future-idUKKBN1DL1VU Entire textile railway built and paid for by the Chinese stops right by us in Nazret Adama an area in which more parks are planned. https://www.bbc.com/news/world-africa-37562177

Yep.. unleash the numbers Hanno.

Smashing read and an Ethiopian presence for Shadong is obviously nailed on sooner or later.. Again look at the names already there. Another point springs to mind to instead of spending $Tr bombing places such as these the Americans and UK themselves should follow China because under Chinas model we won’t be bailing Africa out for the next 100 years. Learn Mandarin! https://thediplomat.com/2018/03/why-the-west-needs-to-stop-complaining-and-start-engaging-china-in-africa/

“To give a very vivid example, one of the shoe factories in our ‘Made by Ethiopia’ programme [of which Alemu is the chief executive] is situated one kilometre from the start of the rail line. This means that they can have goods out the factory door and on the way to port within 25 to 45 minutes of being packed out at the factory. That’s a paradigm shift for delivery and one that is in line with how global consumers want and need products to flow.”

I don’t want to bore anyone as I am only a recent ‘expert’ (y’know how research gets you)..but I have another holding which is very involved with Chinas Belt and road initiative which is a trillion dollar global vision/takeover from President Xi.. Unlike the USA who want to install their own choice of Governments or ‘democracy’ and whatever else, the Chinese don’t do any of this when THEY enter a country.. They have simply given most of Africa and other developing countries a blueprint for success based on their own .. Coal to power 1st (for now) then with electrification comes real industrialisation with cheap labour and afterwards every generation then gets richer and more educated... then clean energy = job done. Everyone invested in a miner will tell you their African hole in the ground will possibly attract a Chinese buyer but I doubt most actually realise the scale China are going for here. Even international giants are trying to cash in on the Chinese coat tails knowing they are an unstoppable force.. (GE,Siemens etc) President Xis vision will cost him trillions now but in years to come China will reap an almost infinite ROI.. It starts with coal to power in developing countries and then comes all the fruits afterwards.. I notice that Shadong Ruyi have 2x 300mw power plant in Pakistan! I was trying to see if Shadong Ruyi had been ‘annointed’ with B&R funds. So I did a bit more digging for a Shandong,B&R and Ethiopia connection and found this which tells the story from a fashion/textile perspective .. and found this. https://www.businessoffashion.com/articles/global-currents/one-belt-one-road-optimistic-fantasy-or-chinas-biggest-fashion-opportunity-yet l could cherrypick this article all day but I will let you read it but just look at the names lining up for Ethiopia and why. Same B&R story as the power industry ie Chinese pave way into a country then get joined by lots of international firms who then compete for scraps. You can see why we are valuable to Ruyi and with all things considered deposit etc you can see why this is very very on. The market was updated 8 weeks ago to this very fact and received a non returnable 1.7m deposit 8 weeks before that. A great read which proves it’s only a waiting game here. Ethiopia seems to be the new Silicone Valley for textile manufacturing and very much part of the new Silk Road. Our Chinese buyers know this .. We know this.. Can someone explain this to our joke 4.5m mcap? A classic example of buy when others are fearful.

;))

Bending over backwards to show the red and present a feeling of panic.. Yet we have only dipped 6%? 10k worth of buys will see us back at 2p most likely.. I’d be happy if we went sub penny. Absolute gift. Free float is tight here and they know positions are being taken. Rns due bi-monthly. Think non-refundable deposits Think sewbots. Think all the cotton in Arkansas Think strategically vital Ethiopian superplant with no Trump tax on Chinese imports. And don’t get mugged. Buy.Hold.Repeat.

I hope Hanno takes his ‘hair team’ with him to Beijing for the signing ceremony because that humidity will play havoc..

Just listened to Hanno again .. At 37.30 he actually says ‘WE’ reinvest the ‘balance’ of our returned historical costs at F.C... Saying although we have some more expenses up to F.C. we don’t need to spend $17m therefore our Partners expect us to invest that money back in (‘the balance’) on FC.. Therefore the options Rns is in Chronological order and the ‘drawdown’ refers to whatever minor amount we draw from our historical costs BEFORE F.C. .. Boom.. well spotted CF.. Just listen to Hanno at 37.30.. Can I take my grovel to Lurker back now please?!!

Yes CF it is confusing , especially if we are looking at the options Rns as being in chronological order or order of events.. Which it appears to be.. Not sure if Hanno completely ruled out an intermittent payment of some sort.. I will give it another listen

It appears Lurker was right about HC coming after F.C. and for that I salute him.. Still a great interview.. Still think it displays confidence popping up after every Rns.. to talk us through it . Management don’t do this on a shady deal ..they nearly always hide. Still plenty to look forward to as we enter hopefully a very big week.. Fantastic finish on Friday was lovely viewing.. GLA. Imagine selling at 6p last Friday? Goes to show. A gem of a share.

BAGR have released 3 rns this year,the last one less than 8 weeks ago informing us of the state of play.. In the meantime we have cashed a non returnable deposit.. They have done everything they are supposed to.. Understand too, the concept of a deposit in ANY transaction be it a house,holiday or car.. It means i am coming back to pay the balance and close the transaction.. Actually the point of the deposit here may have been an anticipated lengthy closure.. "Ruyi and ourselves are confident the deal with conclude .." Now picture our CEO ... Currently expanding our Ethiopian plant with lord knows what.. Using $1.7m of free money in preparation for the arrival of our behemoth Partner and their monster cheque at which point the fun will really start.. I am glad he's too busy to chat to us!! Again no one aquires 54% at a premium to take a passive role .. The plant,our label and our listing is all theirs now.. Ever heard of anyone ever spending $15m on entry level to a 200 pair of trousers operation and not have serious plans for it..? I say entry level too because after spending 15m to get a foot in the door who knows what they could end up financing regards further expansion plans.. At 54% ... We are Ruyi now. Ignore the (lack of) noise Anything could happen. Gla.

Laxey: we will be due subscription fees/historical costs as per SEP deal.. Lurker:I've already told you. They were to be reimbursed by SEP once JDA signed... Finally we agree.. But: Some agenda posters on here it appears... 1) NEL has NOT stated that the deal will be materially different from the previous 2) Support for new tariff from government, the next key milestone ahead of finalising the JDA and re starting PPA discussions 3) Unlike Kibo, NEL's PPA discussions are advanced with draft documents in near final form, including the tariff mechanisms. 4) NEL had a previously agreed tariff envelope so has a good understanding of the process to agree a new one..... Someone has just passed me a photo of you Lurker ..you should wear a hat in this sun..

A big week indeed Alex

Oh Lurker ..Forgive us. We are young .. let us have our youth. We get excited.. It's a new deal which neither of us are privvy to .. We can only speculate.. But as per SEP rns.. "The Subscription Price will be paid in instalments as per an agreed budget between the Parties *until* financial Close. .." Which takes us to the concession period (FC) and the first permissable drawdown..? What part aren't i reading right? Subscription fees and historical costs are part of any consortium not in any way exclusive to coal to power projects.. Subscription fees are paid on entry to consortium as part of the process of securing an eventual equity stake. FC is 12-18mths away..and a very expensive process .. Pray tell .. where do you think this money is coming from? Pray tell too .. if there is no 'action' here for 18mths then what the fk are you doing here.. for someone who was so precise with his KIBO entries and exits? Pray tell (x3) What do you consider our actual pivots points and values to be?.. Anyway .. now a question i do want you to answer for me since only a man of your experience can.. Something Gods alluded to... regarding corruption in Moz ect.. Does our tariff envelope have to be unveiled to the ministry and then thrashed out in a very timely manner regarding the info contained being sensitive and (for the lack of a better phrase) can't be in the 'open air' for too long?..with all sorts of 'eyes' prying? I am hearing once pitched it's a very quick turnaround on a yes or no.. Is this correct? Big big week here btw.

https://www.havanatimes.org/?p=135251

Well.. Tony baby.. Let's get shaking.. Keywords:Subscription,fee,historical,costs,to,take,us,and,after,drawdown,financial & close. A blast from the past. SEP will fund up to US$25.5 million ("Subscription Price") into a newly incorporated holding company that will own 100% of NPC and which will be used to fund all development costs of the Power Project (inclusive of transmission and project infrastructure) to Financial Close. The Subscription Price will be paid in instalments as per an agreed budget between the Parties for the period from 1 January 2016 until Financial Close. The first instalment will be funded once the JDA is effective, at which point Ncondezi will be refunded for certain agreed project costs incurred from 1 January 2016. The JDA becomes effective once all of the SEP Investment Conditions (as defined below) have been satisfied, at which point SEP will be issued with an indirect 60% interest in NPC. **The SEP Subscription Price is based on 1.5 times Ncondezi's historic Power Project costs of US$17 million and is capped at US$25.5 million. The Subscription Price will be inclusive of SEP's historic costs of RMB 8 Million (c. $1.25 million). All historic costs are subject to confirmation by an independent auditor.*** *NPC will pay Ncondezi an additional US$35 million on initial draw down of funds after Financial Close of the Power Project* And then from April 18th Rns : "The complete proposals will be benchmarked against proposals from previous tender and *partner negotiation* processes over the last three years to ensure a competitive outcome" Remind me just what made us walk so confidently away from SEP again? Remind me .. what's our mcap again? Great weekend all.. gla.