Jitter
04 Apr 2016
barno99, are you still here? .
barno99
14 Jan 2016
The Deal seems awesome!!! Basically then, Ncondezi Energy owns 100% of the Ncondezi Project which is strategically located in the power generatinghub of the country, the Tete Province in northern Mozambique. The Company is developing an integratedthermal coal mine and power plant in phases of 300MW up to 1,800MW. The first 300MW phase is targetingdomestic consumption in Mozambique using reinforced existing transmission capacity to meet currentdemand. SEP funds the project and keeps 60% while Nocndezi keeps 40% and then gets paid the following to cover costs to date and some profit.....We also get to keep the opencast mine in its entirety..The SEP Subscription Price is based on 1.5 times Ncondezi’s historic Power Project costs of US$17 millionand is capped at US$25.5 million. The Subscription Price will be inclusive of SEP’s historic costs of RMB 8Million (c. $1.25 million). All historic costs are subject to confirmation by an independent auditor.Also the plant is only the first 300 MW of power,with another 1500MW to follow at some stage...To take it to 1800MW in total.If they can cut more deals like this we are definitely looking at a monster company going forward with a cracking one now. Roll on February when this is all finalized..
Newapple
12 Jan 2016
Re: Finncap reiterates BUY! Think it could be Brooks selling once overhang clears should re-rate
barno99
12 Jan 2016
Re: Finncap reiterates BUY! Yes thats true, You can see the 50000 10000 etc trades they are usually shorts or longs presumably. Interesting to see just how quickly this shoots up on real buys.It will probably end up back where it started today around 7p+.This is some deal and its only for one pant of 300MW with 1800MW the company target going forward.It sees the comapny financially sound with plenty left on the table..
pitstok
12 Jan 2016
Re: Finncap reiterates BUY! Hi barno99,Nothing unusual about it for me. Just the usual shiite. Lots of profit to be taken. Shares just transferring hands. Some get in too high and get out low. Others will sell high and buy back low maybe from those they sold to. I don't know about shorters I suppose if they are bold enough but seems high risk for that. Buy on dips seems like a good strategy all things considered.
barno99
12 Jan 2016
Re: Finncap reiterates BUY! Interesting dip today on company changing news. The shorters must be in town.As they say though you cant keep value down for long... Watch for a big bounce very soon..I am buying on weakness..
barno99
12 Jan 2016
Finncap reiterates BUY! [link] target IMO
barno99
12 Jan 2016
$36 million on financial close👏👏 Now that's amazing news..considering the current market cap of just £17 million..NPC will pay Ncondezi an additional USD35 million on initial draw down of funds after financial close of the power project.
barno99
12 Jan 2016
Great deal Secure future, good deal, money coming in.Happy!!
pitstok
18 Dec 2015
Re: RNS ! Dare we hope? This one has the potential to scrub out all those AIM failures in one swipe. I'm like toad in the desert waiting for the rain.
barno99
17 Dec 2015
Re: RNS ! Power Plant Project EconomicsIndicative non-binding bids from engineering, procurement and construction (“EPC”
contractors, received in June 2013, for the construction and commissioning of the 300MW power plant, have given the Company sufficient comfort on the power plant economics. Estimated annual revenues are over US$200 million per annum with average EBITDA margins over 50%. The Company is targeting a nominal equity IRR of between 18%-20%, which the Directors believe will give an estimated power plant NPV at financial close of in excess of US$200 million and estimated net equity cash flows of in excess of US$2 billion over the life of the power plant. These estimates are based on a debt to equity ratio of 70:30 and a nominal post tax WACC of 12%. This all makes very interesting reading for such a low share price.. Buying more..Four EPC firms have submitted fixed price lump sum turnkey contracts, the winning EPC bid will be announced in Q3 2014. The binding bid will play a key role in completing the Power Purchase Agreement negotiations, which are expected to be finalised during Q3 2014, as the recovery of the final binding capital cost will be included in the tariff rate agreed with EdM, the state owned utility company.
barno99
17 Dec 2015
Re: RNS ! The deal should be completed by the 31st as this is when the time extension for a deal runs out. This will put this share on the map.With 4.7 billion tonnes of coal for the plant it will secure the companys future for 25 years.The Ncondezi coal mine will be an open pit, low strip ratio, contractor mining operation producing 1.3 million tonnes of coal over a 25 year life of mine to supply to the adjacent power plant via a 2km conveyor. Following approval of the Mine Definitive Feasibilty Study and the Environmental and Social Impact Assessment, Ncondezi has been granted a Mining Concession for its 100% owned licence area. The mine has a defined a substantial JORC coal resource of 4.7 billion tonnes and a Measured Resource of 120 million mineable tonnage in situ (“MTIS” has been classified by the Company’s geological consultant, the Mineral Corporation Consultancy (Pty) Ltd, in the South Block in accordance with the JORC Code.
sharedancer
11 Dec 2015
RNS ! Great news out today ! this also shows that EDL (Edenville ) is a stonking buy at moment as they are expecting similar news !Ncondezi finalising JDA with Shanghai Electric PowerNcondezi Energy has confirmed that it is in the process of finalising a binding Joint Development Agreement with Shanghai Electric Power to jointly develop its 300 MW power project in Tete, Mozambique.This announcement follows a public announcement to the Shanghai Stock Exchange this morning by the SEP Board, which stated:"In accordance with China's strategic initiative of "One Belt, One Road", Shanghai Electric Power Corporation (SEP) is going to cooperate with Ncondezi Energy Limited (NEL) to invest and build two units of 150MW coal-fired power plants in Mozambique. For the purpose of accelerating the development of the project, SEP and NEL intends to sign the Joint Development Agreement for further cooperation."
PFPshareholder
28 Sep 2015
why did the price just drop through the floor? is there news out?
spotyplonka1
04 Aug 2015
Re: Good morning all. Going concernAs at 5 June 2015 the Group had cash reserves of approximately $2.2m. The Group has implemented a cost reduction strategy and based upon projections the current cash reserves will fund overhead expenditure for approximately 8 months. Details on going concern are contained in note 1 of the financial statements.
