Member Info for oldbadger

YB
I as a rule don't ever look back into anyone's back posts.
So I haven't but you've posted on numerous occasions now that Africa can be the death knell for investors. We've got the message.
I find this board pretty balanced especially if compared to twitter.
The more subtle derampers that post the better, the day this board turns into a rampers convention like twitter I'll be a silent investor.
D.

The subtle deramper, love it Dan.
To be honest i much prefer subtle derampers to mega rampers, I find the latter a tad boring.
There's one on Dev, he never ever ever ever gives up.
D.

Academy
Ouch !!!

I understand that aim can be a bit of a quagmire, the challenge for pi's is finding the company's that are sufficiently derisked that a speculative investment has a good chance of success.
Whatever the nccl share price now or in the immediate future any investment here was significantly derisked with the jda, as without it discussions on the next part of the journey would not take place.
Electricity tarrif news next which triggers the announcement of historical costs and 60% subscription compensation due to nccl.
Are we out of the woods yet?
No, but we are in a better position today than we were before the jda signing.
D.

Well here we are post jda and still in the hands of mm's and day traders.
I assume we are all somewhat disappointed but now in the cold light of day probably not that surprised.
Whatever the disappointing post jda share price, the jda was a major derisking part of the investment and the key to the next stage of the project.
We now have 6 - 9 months to wait for the next part of the derisking process, well that was a surety anyway, however it would have been a much more contented wait with some decent profit showing in the portfolio.
The journey goes on, and well on and on and on and on, but one day it will end and we will probably all be very happy but remember it's still not a done deal yet.
D.

YummyBacon
Every board on lse needs a balanced band of contributors.
If your contributions are going to be negative so be it.
That one sentence on politics in my last post to you is my one and only.
In my opinion there are way more good things going on in nccl than bad things, therefore I am invested.
It could be with the disappointing share price reaction to the jda signing that us lth's will have many months to wait before our investment reaches full potential if indeed it ever happens.
Is that not the gamble.
D.

Eyeguy
I have said on other boards that I often think that rns's are composed by crossword compilers so good luck, I for one would be interested to see what you come up with.
The quick 5 percent brokers now have the opportunity to manipulte the share price range until the electricity tarrif is agreed.
Let's face it hey've had plenty of practise.
I got a bit of stick when I said I had derisked my position last month I never for the life of me expected to buy my shares back at these prices.
Better being lucky than good comes to mind.
D.

YummyBacon
Your opinion of all African goverments being debt ridden and unstable could apply to many more geographical area's of the planet.
Closer to home we have The Donald in the white house and The Boris in the black house if you are looking for something to worry about in your life I would start right there.
I notice you used the word lurked in your post, is that a clue.
D.

Well that was quick.
The entire ce division gone for half its value.
Interims out at the end of the month.
I still think lwb can be turned round but I couldn't guess the timeframe so I think that's it for me I wouldn't know how to put a price on this now.
D.

Was the market put off by the timescale to tarrif agreement of "6 - 9 months "
Tarrif agreement also trigger for nccl historical costs and developers premium calculations. Which appear to be going straight towards our share of project costs.
Ah well bottom drawer time for nccl investment then.
D.

Sounds like the parties agreement on tariffs is just as important as the jda signing.
D.

Should be interesting listening.
Hope he doesn't give any day now promises for the conclusion on any further parties agreements.
D.

Almost 4 mill shares traded in the first hour.
D.

From the rns.
" a subscription price and terms for the 60% share in the project to be agreed once the electricity tarrif With EDM has been confirmed utilusing an accredited asset valuation firm to be appointed by the parties, and it is expected to be paid at an agreed date when the project transaction agreements, internal and goverment approval are obtained."

D.

Hope I'm wrong but with all the positive rns's of late doing nothing it looks to me anyway that the market just wants to see the bottom line.
Don't we all!
D.

Early days yet for post jda bonus.
Whatever next part of the derisking process is the agreement of all parties on the electricity tariff.
It will be interesting to see how long that takes.
First electricity scheduled 2023 with the build time quoted as three years the first brick would need laying early next year.
Let's hope the parties talk a bit quicker now the jda is out the way.
D.

The long awaited jda signing complete.
Time to read the rns document paragraph by paragraph to fully understand what's actually in it.
Confirmation that past historical costs to be payed in cash and in full.
A reasonable start to our share of the project costs.
D.

Nothing to contentious in the rns. to my eyes anyway.
Like that the 40% of the project initially anyway has not been diluted.
D.

Nothing wrong with jam tomorrow, but like Dinoken I'd rather have it today !
Can't see anything moving the share price now except a report of tpg finally turning a proper profit.
New contracts and acquisitions a plenty but we are still languishing in the sixes.
Not sure of the figures but i assume the m/cap is still not that far ahead of cash in bank.
Maybe Dar was right to abandon sub.
D.

I'm not really influenced by anything or anyone's actions or statements from outside the company. Well almost.
Scott Fletcher is obviously a very shrewd rich young man and his £1 mill. + investment in Nccl cannot be seen as anything but positive, but as a percentage of his net worth it is probably way less percentage wise than many of us less well of
pi's.
To be honest i didn't really have anything to say I just wanted to change the subject heading.
D