Member Info for stevenc72

The President specifically mentions Tete. NCCL is the only one in Tete! The others are near the coast and as has been mentioned, appear to have been shelved anyway. Bring it on!!!!

Hat off Laxey. Great find.

Nicely summed up CF73.

Interesting couple of months ahead...

http://m.engineeringnews.co.za/article/ncondezi-power-project-in-mozambique-nears-jda-completion-financial-close-2018-06-11/rep_id:4433

Bought 700,000 shares today! Great share this. I have a few quid in for the kids long term.

... this morning. When this turns it will be severe! Professional close out of a deal here, nothing more, nothing less. End of the month and next update will be very interesting, and I expect will push the sp way north of here! Patience is all that's required and not for much longer!

If they are using the Lamu deal as a template, then the sky is the limit! We all await the same news! Most are waiting for Financial Close.

*JDA not IDA

15-20p end of June. 40p end of July on IDA signature. Well north of that by year end. This is assuming 40/60 split, which many seem to believe won't be the case.

I suspect that the next RNS will indicate that the FM has been reviewed and approved and that the tariff envelope has been submitted. I am expecting this is the next two weeks, maybe this week. Tariff envelope acceptance is targeted for the end of this month. 2/3 weeks doesn't sound much but I suspect it's all already agreed given it was to be lower due to efficiency savings and also the fact that there is now no VAT. This then clears the way for JDA agreement targetted for end of July.

From memory, for the power plant only, at 300MW only, the NPV was estimated at $200,000,000 based on 70:30 debt for equity. WACC was 12%. The coal mine was separate. Now we have an integrated project, with efficiencies provided by latest tech, world class partners and no VAT to pay! Expecting another good day ahead.

Anywhere near the middle of that bull/bear debate will do me just fine!

Anyone believe 9p will break today?

Morning CF Expecting a good day today.

They will no doubt be working their socks off today!! Don't forget, FM approval targeted by end of business today with market informed in due course.

From twitter. Credit due to Twitter poster... "Visualizing the equivalent project value in terms of #nccl share price equates to £1.50 per 300MW. This combines well with the ‘$250/300m pa estimated project revenues’ comments from Hanno recently – up 200% from the beginning of the year ."

Not cashing in but watching my investment grow mightily for the next 12 weeks. Show me anything you have found during your research that indicates that this project is not going to happen to the timescales mentioned by the BoD, via RNS. Exactly.

So, FM Approval expected this week. Tomorrow? Followed within 4 weeks by Tariff Envelope approval, which should be pretty straight forward given the recent VAT reduction - I am pretty sure the tariff will be acceptable. Followed within 4 weeks JDA sign off. Followed shortly after by Financial Close. As i said this morning, this is nothing more, IMO, than the professional closing out of a done deal and this mornings RNS, for me, confirms this. Good luck whatever you decide to do. I will be holding until the end which I anticipate will be a buyout.

Excellent RNS. They are all over this! What we are witnessing is the professional close out of a very, very big deal. Expect FM approval RNS to be delivered this week.