Member Info for stevenc72

@CF - No 7 on your list alone would result in a significant share price increase. I doubt there are very many who trust the current CEO not to line his own pocket. That is the news many are waiting on I suspect. The assets are the assets, and they are good IMO . The problem is not the assets.

So, still nothing official released despite the promises by some yesterday of riches today.

So, still nothing official released despite the promises by some yesterday of impending doom.

Lets see what tomorrow brings.

Chanlfc - Source of this news?

...and the consensus seems to be that we await official news! Good luck all.

My gut feeling is that the granting of the EPO will land in the next 6 trading days, which would be great.

My concern is whether the whole thing will be subject to the usual mismanagement.

Cheers CF73.

Not holding many here, only 7m or so. Still, an increase is an increase and no doubt profits will find their way to the other share. We await formal news as always.

Take care.

Good to see you here whilst our CtP share moves steadily onwards. Do you have a source for the news news?

For the life in me I still cannot see why GE and CMEC would want little NCCL holding 40% of this project.

I suspect when the dust settles NCCL will not own any of the CtP project and we will be focusing on the GridX projects, albeit with a bucket full of cash in the bank.

Just my own thoughts of course.

Time will of course tell. But looking highly likely IMO given the information available.

I suspect this will continue to climb for a few months now. Happy to wait.

Lets see where we are in a month of two.

Spot on EyeGuy...

10 bagger inbound and the only effort required is to check in now and again to see if it has been reached yet!

So, we're going to get $25million back costs plus 'subscription costs' of 60% of whatever the NPV of the project is calculated as at FC?

Ncondezi website said in 2014 (and still says it!) that they estimated project NPV to be $200million at FC.

Do the math aaaaannnnnddddd relax!

Strong, strong, strong, strong, strong, {continued} BUY!

https://www.plataformamedia.com/en-uk/news/economy/interior/mozambique-to-have-new-coal-fired-power-plant-10634909.html

If this is being held back, and its a big if, any takeover would, IMO be in the region of 40p minimum as that is the value our Leader has put on the Tete project alone in historic podcasts.

I would be happy with that.

Bacon is no good without beans, so spill them.

What do you know you know?

...by renewables, I meant "captive solar and battery storage solutions" OBVS!

I suspect this will be 12p in a flash once the JDA and details are released. IMO this will be in the region of 30p when derisked by JDA signatures.

After that is anyones guess... two mammoth partners in GE and CMEC, 300mw scalable to 1800MW, lots of coal to sell and now edging into the renewables area...

What's not to like!

Good luck all

... in Botswana, using USD $0.12 per kWh, a 10MW project could generate gross revenue of approximately USD $10 million per annum....

Mind boggling numbers here! 1800MW!! No wonder it's taking time to finalise.

It will come when ready and the rerate will be spectacular IMO

... that in Botswana, using USD $0.12 per kWh, a 10MW project could generate gross revenue of approximately USD $10 million per annum....

Mind boggling numbers here! 1800MW!! No wonder it's taking time to finalise.

It will come when ready and the rerate will be spectacular IMO

Details of the MOU

The MOU sets out the basis on which the Parties will collaborate to advance the Project.

EQTEC will act as the lead developer and technology provider to the Project, as well as providing its engineering, design and technology expertise. EQTEC will work alongside COBRA to produce the full EPC and O&M offering for the Project as well as seeking to secure the necessary funding for the construction and development of the Project, through the introduction of third-party equity and debt investors ("Financial Close").

Financial Close is conditional on, inter alia, the completion of due diligence on the Project, execution of definitive agreements between the Parties, the necessary funding being secured and the EPC and O&M contracts having been entered into. Scott Bros will assist both EQTEC and COBRA with all documentation and additional permitting required for the Project and will also be entitled to a developer's fee payable on Financial Close.

The MOU is subject to an exclusivity period of six months, which can be extended by the mutual consent of the Parties.

And in 6 months when the conditions for final close are not met.....? (not trying to find the negatives but look at the facts, MoU's have been announced in the past to great fanfare/tweeting and subsequently have been simply cancelled).

RNS Summary:
#EQT have signed an MOU.

Is it a 'giant deal' or a giant 'MoU' which can later be terminated with no consequence to either party?