The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I don't think that the news from Riversgold, the earn-in partner in the Northern Zone gold prospect, was reported here or by ORCP in depth.
The full announcement, which was released on 16th April, is in the link below. Riversgold seem to be quite keen on progressing this.
“RGL’s senior team were on site a week ago to scope the next drilling program and making plans to drill Northern Zone to deliver a maiden JORC-compliant resource. We see Northern Zone as being somewhat similar to Saturn Metals Limited’s Apollo Hill Gold Project and the early metallurgy points towards a potential heap leach operation.”
"Located 175km due north of Northern Zone, Saturn Metals Limited has released a Preliminary Economic Assessment (PEA) on the Apollo Hill Gold project that has a resource of 105Mt at 0.54g/t gold for 1.839Moz. RGL views the Apollo Hill project as an example of what we are looking to achieve at Northern Zone, albeit with Northern Zone being a potentially larger project."
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240415:nASX8g631m
I fully expect this to go t*ts up at some point, if anything good comes of my holding here I'll eat my hat.
Thanks for posting, just listened to it, dreadful, same old same old, zero confidence in the woman, heard it all before......she says they only raise funds as and when needed but that has proved disastrous, raise more than you need at a higher SP to see you through instead of dribs and drabs with increasingly discounted placings.
Zak Mir talks to Naheed Memon, CEO of Oracle Power, as she answers the latest questions from shareholders of the project development company. https://twitter.com/Share_Talk/status/1783066017213628727
https://audioboom.com/posts/8495129-oracle-power-aim-orcp-shareholder-q-a-q1-2024-zaks-traders-cafe
Wow… a MOU, those worthless non binding pieces of paper?
You mean the MOU and the offtake deal that was to be signed during COP? Which never happened.
Thats why they signed Mou with Oracle Power.. for the fun of it
Naheed might stun us all with a placing at a premium....then again....
Keith talking utter rubbish again. Masdar (an Abu Dhabi hiv entity) and EGA (an Abu Dhabi based company) want to produce green hydrogen IN the UAE (probably Abu dhabi).
Lots of noise about Masdar ramping up investment in GH internationally and just signed agreement with EGA that we have an MoU with - with the Sheikh's involvement writing seems to be on the wall for an offtake agreement and funding deal here
https://www.h2-view.com/story/masdar-and-ega-to-identify-hydrogen-aluminium-production-opportunities/2108831.article/
I'd consider buying a few more, but I can't take the risk knowing that Naheed could willingly do another placing and halve their value again.
99.78% down since inception. 40% spread. I'm surprised folks aren't snapping up this baby. :)
More demand for Thar coal, existing mine will supply current power plants - they're going to have to develop more mines for coal to gas and fertiliser etc which is what Block VI is allocated for and for our power plant . and what about security of supply? Relying on just one mine isn't such a great idea
Is this a positive or negative for Oracle?
Nice find, thanks
Quite the contrary. It's far more professional to say nothing until its signed and sealed.
If funding was close, I am sure Naheed would be shouting/hinting from the rooftops about it. After all, we're talking hundreds of millions of pounds of capex. There has been nothing from her to suggest any funding is imminent. It would also be an odd time to consider the new project of £200k. It will be interesting to see if she gives any specifics re funding or any kind of timescale for it as part of the next Q&A.
It would make sense, I just remember a long time ago Naheed stating they’re in ongoing talks with possible investors, which they probably were. But now all of the studies seem to be completed and we’re entering the design FEED phase, funding (hopefully) seems ever so close.
I would imagine the reason different models have been talked about is because at this stage, she herself doesn't know as it will surely depend on what types of finance might become possible and until were at that stage (talks), its hard to predict who or what might want in and in what manner.
Given the large sums required to build and given are low cash flow, for me I can see that we will either be left with some type of royality deal or a low percentage one.
Either way, as long as it works out that we can make decent cashflow possible im all good.
The reward has to justify the outlay in terms of time spend so far for me.
Recently completed:
- technical and commercial feasibility study - China Electric Power Equipment and Technology Co., Ltd. ("CET")
- Technical & Commercial Feasibility Study for Green Hydrogen and Green Ammonia Plant - thyssenkrupp
- Environmental & Social Impact Assessment (ESIA)
- Geotechnical Study and Electrical Resistivity Survey (ERS)
- topography survey report
Hopefully a few others have submitted that Exact question Zan. What will, and how will shareholders benefit long term ?
She’s talked about getting a similar deal to what we got with NZ, or a large JV taking it forward where we would retain “X” percentage. But she’s also talked about is receiving some kind of “premium” long before construction is finished ? So which one is it? Or both ?
It’s 3 years in October since this development/project was launched, I think we’re within our rights to know the above.
Thats another step ticked off. Approval will be the next one then the biggie, financing.
Its the financing and details of that which are key here and what imo the market is waiting on as until then, none of us know what we can expect to make/get from this project, if it is able to be built.
To do that though prior items had to be completed and Naheed is ticking them off one by one, so credit for that.
Yeah I’ve been a little disgruntled lately with it all but nice progress being made in recent times across the board and more and more talk about securing funding soon for construction to begin
Keep up the momentum and work on getting this across the line and Il be happy
Nice news this morning, another step closer to achieving funding.
Nothing but negatively?!! We are sat at 0.028p!! We have no revenues, we have no money, we have a useless CEO, we have no focus, we have no short/medium term revenues, we have been diluted to death… with more to come!! What’s there to be positive about?!