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I have been told in the City that she is a microcosm of everything gone wrong in that country. She has delivered nothing concrete and is a master of signing MOUs. Shambolic RNS of "intended" appointment. Never seen an RNS like that before!
Refrain from using this type of language. The truth does hurt with the rampers! This is a forum for open discussion so that punters can get both side of the story.
Sounds like a glorified MOU.
A RNS is still required. Period.
It is very surprising to note that Ncondenzi Board has not released a RNS regarding the share spike this week. It seems negligence of the NOMAD for not advising the company to release a RNS regarding the merits of the SP spike.
No Chinese funding at sight. Also there is no RNS from Ncondenzi of any excitement on their side regarding this meaningless SP spike!. I wouldn't be surprise if the NOMAD has already contacted the Ncondenzi Board asking for an explanation. There is no material information to support this SP spike.
A very speculative trading going on here. You need a RNS from Ncondenzi confirming that Chinese banks are financing the project. Need HARD EVIDENCE.
Seems like a conceptual document with a NON-EXCLUSIVE cooperation with a Chinese company.
Just reminding the stupidity of the people here. Don't be rude and accept it.
Are these vanity projects?
The other perspective is that there are experienced City people and from the industry with lots of knowledge of China market speak with bemusement that these AIM companies partnered with Chinese in energy are now just big vanity projects. These are nonsense MOUs as Chinese SOEs are not accountable to anyone and will make flowering noises about MOUs just to please their local partners and Beijing. The ground realities in these countries are challenging.
"... and notes the added additional procedures required to complete the extension as a result of recent and as yet unclarified guidance from the Chinese Government in regards to such agreements,..." This quote needs clarification. Chinese SOE ambiguity?
People here seem to have short memories. My City acquaintance just reminded me that Powerchina was their partner on the coal project and failed to progress the project in China and in ****stan. Powerchina was replaced by another Chinese another group and another one afterword. Green hydrogen is long way off. The ramping by a few here is strange!
Looks like the SP is going south to 0.50p to the penny!
It may be boring to you, but these are facts.
I concur with your view. If you see my previous comments, I mentioned that you will expect waffle RNSs from these companies who have coal-related projects with Chinese partners. This RNS has no substance. The Chinese President's speech was a clear policy statement and it now for Chinese government departments to action it. A good indicator is of Chinese policy banks. They are reducing their financing of coal projects. The Chinese SOEs behave like junkies who will sign any kind of MOU hoping to secure some contracts and they do not have the power to execute funding without Chinese authority approvals. Period. Unfortunately, the goons are going to continue misleading everyone!
I repeat my commentary: The Chinese President's speech at the UN is a policy statement. China highly regards the UN as a platform to enhance its reputation as a major growing power. This is bad news for ALL overseas greenfield coal power plant projects and it is unlikely that developing nations' governments will promote greenfield coal-fired power plant projects following this announcement. The Chinese SOEs will be unable to challenge this policy statement of the President. The Chinese policy banks, who are the major international financiers of coal projects, have already decreased financing of coal projects since 2017 and are very unlikely to pursue new greenfield projects following this policy statement. The China-led AIIB (a multilateral institution) had already formally announced they will not finance coal power projects. As you all know, NO non-Chinese financial institutions will finance international coal mine and power plant projects. The GCM project is no longer viable.
Any RNS from coal-related projects partnered with the Chinese that contradict the above should be referred to the Chinese Ambassador to the UK's office for confirmation.
I repeat my two last commentary for those who simply d not understand the reality:
It feels that the other companies on AIM with Chinese partners for coal have hired 'ramping' mercenaries who are disconnected from the reality on the ground and are writing all sorts of baseless nonsense on the message boards just to ramp up the share price. The fact is that none of these companies have released a factual RNS following Chinese President's announcement early this week. If anything, expect waffle RNSs as they too know their prospects are not looking bright. The Chinese President made a policy statement at an important UN forum!
At least here, we can hopefully have a decent conversation. It feels that the other companies on AIM with Chinese partners for coal have hired 'ramping' mercenaries who are disconnected from the reality on the ground and are writing all sorts of baseless nonsense on the message boards just to ramp up the share price. The fact is that none of these companies have released a factual RNS following Chinese President's announcement early this week. If anything, expect waffle RNSs as they too know their prospects are not looking bright. The Chinese President made a policy statement at an important UN forum!
What is the definition of "advance"?
Expect waffle RNSs in the near future from these companies.
I repeat my commentary: The Chinese President's speech at the UN is a policy statement. China highly regards the UN as a platform to enhance its reputation as a major growing power. This is bad news for ALL overseas greenfield coal power plant projects and it is unlikely that developing nations' governments will promote greenfield coal-fired power plant projects following this announcement. The Chinese SOEs will be unable to challenge this policy statement of the President. The Chinese policy banks, who are the major international financiers of coal projects, have already decreased financing of coal projects since 2017 and are very unlikely to pursue new greenfield projects following this policy statement. The China-led AIIB (a multilateral institution) had already formally announced they will not finance coal power projects. As you all know, NO non-Chinese financial institutions will finance international coal mine and power plant projects. The GCM project is no longer viable.
Any RNS from coal-related projects partnered with the Chinese that contradict the above should be referred to the Chinese Ambassador to the UK's office for confirmation.