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They been listed a long time so until theres something tangible market just doesn't trust it i'm afraid.
Orcp is a difficult one to back with size as theres no time frames or guidance on when they expect to achieve anything. There flagship projects can only be unlocked with firm commitment from the majors but theres no timetable of events issued for when things may progress to the binding stage - if PREM can do it i'd never rule ORCP out but it needs a breakthrough.
I think in part some of the projects lost there way under different political leaderships.
As rightly say, anyone of the ongoing projects has the potential to be a game changer but each is in a different stage.
The Gold as anyone into mining will know is still very early doors and building out a mine plant and MRE is a slow and costly project, however great to have ongoing in the back ground.
Green Hydro - Is very in vogue right now and while the customer base is still in the early adopters phase, by the time its built, the HGV/Transport market could well be a lot more advanced and hopefully the new MOU will become more binding and improve this area, again though, its going to be several years to built out and thats if things started asap.
Thar Block, is likely the most desirable project for ****Stan in shorter term due to there demand for that quick fix energy supply, again though, nothing will be super quick.
Each one of those has MASSIVE potential for the company and us holders, all are years away however you just need that conrete "build is on" moment for investors to be able to see things are serious.
I believe that will happen, but its understandable after so many years of under performance that some are waiting to see movement before joining us.
Zan - the projects are all company makers in there own right billions in NPV i'm sure but they need firm commitment from the big players to reflect some of that in the market cap - Naheeds RNS's are well intentioned but often vague on when firm commitment maybe forthcoming, some of these mou's have been in play for sometime, not sure if this is down to a skills gap on the board, the jurisdiction is difficult but not impossible. Naheed and co need to start agreeing deals, endless mou's won't cut the mustard. Atb
Thats what it needs, it would rerate very quickly if they could get these mou's to move to binding. Would make the projects 'real' rather than an idea on paper.
I agree with Tradedesk on this one.
Non-binding MOUs are great and better than no MOU as at least it means parties are talking, but its nothing solid.
10 years in and you want solid. To get there these MOUs should help, so its certainly not a negative but they have to count for something and to many times over the years not just here but on most micro caps, they haven't.
For me its a positive but I wasnt expecting it to affect the SP yet.
We'll be there shortly
It's another non binding mou, not sufficient at this stage to get the market buying - if this was only IPO'ing yesterday then maybe but not after a decade of listing. Theres no binding commitment from any of the parties on any of the projects yet, that needs to change.
So far today:
1) There's an RNS. Sell on news!
2) Phew, I sold before it completely tanked.
3) Read the RNS.
4) Oh
5) Buy back at 10% higher
Simple question to those who sold today: what don't you like in today's RNS?
https://www.lse.co.uk/rns/ORCP/mou-with-us-hydrogen-fuel-cell-company-3i9g2py8j1eedv3.html
- to jointly explore opportunities for de-carbonised heavy-duty transport and port infrastructure in ****stan powered by green hydrogen.
https://www.lse.co.uk/rns/ORCP/hydrogen-storage-hydrogen-refuelling-mou-du41suxiiuy6k3e.html
-signed a non-binding Memorandum of Understanding ("MoU") with Jiangsu Guofu Hydrogen Energy Equipment Co., Ltd ("Guofuhee") (together, the "Parties") with the objective of working together to explore hydrogen storage and hydrogen refuelling infrastructure opportunities as a part of Oracle Energy's 400MW green hydrogen project in ****stan (the "Project").
https://www.lse.co.uk/rns/ORCP/audited-results-for-the-year-ended-31-dec-2021-wyax7e2s7gg29lk.html
Subsequent to land identification, we applied to the Government for allotment of land for the development of the green hydrogen project. The process is expected to conclude in 2022 when we expect to start to progress of one of the larger green hydrogen projects in the region
Certainly putting the pieces together in the background, promising developments regarding Green Hydrogen as of late
27 June 2022
Oracle Power PLC
("Oracle", the "Company" or the "Group")
MoU with U.S. hydrogen fuel cell company to explore heavy-duty transport & port infrastructure development
Oracle Power PLC (AIM:ORCP), the international natural resources project developer, is pleased to announce that it has signed a non-binding Memorandum of Understanding ( "MoU") with Nuvera Fuel Cells LLC ("Nuvera") to jointly explore opportunities for de-carbonised heavy-duty transport and port infrastructure in ****stan powered by green hydrogen.
Nuvera, headquartered in Massachusetts, is enabling hydrogen vehicle adoption. Nuvera manufactures heavy-duty, zero-emission fuel cell engines for mobility applications. With teams located in the U.S., Europe and Asia, Nuvera provides clean, safe and efficient products designed to meet the rigorous needs of industrial vehicles and other transportations markets.
The MoU provides a framework in which Oracle and Nuvera will collaborate to identify and build relationships with customers in ****stan, which may become an early adopter for zero-emission mobility. The two parties will also coordinate and work with the governments of Sindh and ****stan to obtain required support for setting up for hydrogen mobility infrastructure. Oracle and Nuvera intend to cooperate in the demonstration of fuel cell-powered heavy-duty vehicles.
Naheed Memon, CEO of Oracle, commented:
"Building on our recent developments in the hydrogen industry, including our JV partnership supported by His Highness Shaikh Ahmed Dalmook Al Maktoum, the MoU with Nuvera provides us with a highly attractive opportunity to commercialise this ground-breaking fuel source. Working with Nuvera, a pioneer in zero-emission fuel cell engines, will equip Oracle with the technical expertise to bring the benefits of the clean, safe and highly efficient green hydrogen fuel cells to the industrial vehicle market in ****stan.
"Oracle is now carving out a prominent position in the southern-Asian energy and power industry, supported by influential, relevant and experienced partners, to advance our ambitions to establish and commercialise the first green hydrogen facility in ****stan."
"Oracle is now carving out a prominent position in the southern-Asian energy and power industry, supported by influential, relevant and experienced partners, to advance our ambitions to establish and commercialise the first green hydrogen facility in ****stan