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My whole portfolio is a bargain basement as well as everything else out there! Great time to buy, endure the pain now and in a couple of years time it will come good
Over 7% drop on less than GDP5k worth sells. Doesn't make sense or we'll see big stream of buys later.
The market is dire at the moment. Bit with Oracle we have three ongoing projects which with one RNS could dramatically transform the company and sentiment will come flooding back - can't say that about many of my other shares ATM. Waiting is frustrating but it will be worth it
Just keep buying. It’s not without its risks but at £0.0030, I don’t see a better “bargain” out there for big gains
Thanks for that Damay. Level heads are required. Over ramping is as dangerous as those who bash shares. Being informative and realistic is the mature option.
Jamesp not being negative at all, just pointing out a helpful fact. In the past couple of weeks alone we've had one poster doing a day by day countdown to an RNS that didn't yet materialise, then we've had a pointless game of take a wild speculative guess at the share price, otherwise known as 'think of a number'. Jamesp's short observation contains more actual substance than any of those.
Adamadd, the idea that you would label somebody else as pessimistic is laughable, given we've all had to endure your many tedious meltdowns on here over the past few years. You swing wildly from believing you're going to be a millionaire tomorrow to posting insults about Naheed Memon and selling your holding about a dozen times! Grow up.
You are nothing but constantly negative with every post.
It's not pessimism at all, it's realism. And for the record, I hold a lot of shares here.
Thanks for the pessimism JAMESP
Just so everyone is aware, receiving a LoI doesn’t mean it’s a done deal, all parties can still walk away from the deal with very little penalties/fines. Although the LoI would undoubtedly propel our SP, it still doesn’t confirm the projects will happen.
I think that the thar VI letter of intent will catapult us to 3p.
Thanks for that Amatra
Adamadd, for me I'd like to see us hit 1p within the next 12 months, possibly 2-3p if things go well. I certainly wouldn't be surprised to see 3-5p shortly after, maybe. Although that would probably be it for a while as things settled and the investor type changed to be more heavily biased towards the longer term investor.
After year 3, I believe we would see a set of rising wedges (with corresponding dips), slowly taking up towards 5-10p as revenue would be close to coming in at that point. This would of course be dependant on many factors, most of which we won't even know exist at this point.
Year 5? I'd hope for anywhere between 10-50p, with a possibility of dividends, but that is a coin toss at the present. The main thing for me is that I see steady, reliable action as we move forward and the last 12 to 18 months has been exactly that. Things are constantly moving forwards. We have a CEO who likes to keep us informed with pretty regular updates and Q&A sessions (many don't). There are a few projects to provide growth and research shows that each is progressing.
There is the added bonus that each of the projects can suddenly 'Take off', giving a massive increase in the Mcap. In which case, my estimates would be miles off. That is of course what I am hoping, but that aside, I believe we will see Oracle continue to grow for at least a further ten to fifteen year time frame.
Only my opinion though. We all have to do our own research and decide where to invest (or not). GLA
AmatraB
So what is your personal SP prediction for 1, 2, 3 , 4 and 5 years ?
Yep, a lot of patience is required here, but could be very well rewarded. We know from previous results, the labs can easily run a few weeks over.
Each of the projects have stages to go through with increases in the sp likely at each stage. With the gold, that will be each set of lab results, then if/when a JV is agreed, then physical set up of permanent extraction facilities, then again as the gold comes out.
With the hydrogen, the same same. Physical set up of facility (production facilities), commencing production and finally, sales of hydrogen.
The coal is likely to see a huge spike if we get the LOI, then physical set up of pit/mining, sales of coal, coal to gas facility, cement, fertiliser etc.
That said, this is a great opportunity to see several growth opportunities, spread out over a 3 to 5 year time frame. Not to mention any further projects brought in as things progress.
Just my view of course, please do our own research. So yes, I agree, patience here is the key.
As has been widely reported, there are delays across assay labs in Australia. Patience required.
When are we getting them Naheed?