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sandy.....yes if you want ...you can wait till funding is confirmed....but when it is.....you will have to pay a PREMIUM!!!!! a massive premium.....
REWARDS are huge from these levels....to risk huge rewards for slightly lower entry point i feel its not worth the risk.....each to their own i suppose......ADYOR...gl
simpletrading.....
what shareprice on funding news....thats all we need CONFIRMATION on funding ...once that comes in....I HONESTLY can say...this will be cheap and i mean CHEAP at 2p...at 2p....our market cap would be around £36M ( after placing shares have been issued ).....
Thats what im curious about upon funding confirmation.
Many thanks Casper and Xataxx. Will take a look now.
Whats the SP estimations on funding news
CHINA will fund most of funding....over $BILLION....our share will come from banks etc....
CEO has said clearly....that everything will be sorted out by year end....if it drags slightly into new year..it is still ok with me...we need to get it RIGHT.....few % points here and there could make huge difference...:))
its been a long long road.....but it seems finally with PRIME MINISTER imran khan on board and SHEIKH coming in ...we will get this up and running......dont FORGET.....under CPEC this is one of PRIORTY PROJECTS.....
CHINA will fund most of funding....over $BILLION....our share will come from banks etc....
CEO has said clearly....that everything will be sorted out by year end....if it drags slightly into new year..it is still ok with me...we need to get it RIGHT.....few % points here and there could make huge difference...:))
its been a long long road.....but it seems finally with PRIME MINISTER imran khan on board and SHEIKH coming in ...we will get this up and running......dont FORGET.....under CPEC this is one of PRIORTY PROJECTS.....
sandy....
this should explain....in detail....
https://www.lse.co.uk/rns/ORCP/oracle-power-plc-pre-development-funding-plan-for-financial-close-yjpga82qtx5ut2l.html
Casp and Sandy- Is this what you were looking for
https://www.proactiveinvestors.co.uk/LON:ORCP/Oracle-Power-Plc/rns/LSE20190221144427_13977647
Many thanks Casper
US envoy visits Thar dec 6th
During his visit to the Thar Coal project’s Block-II, he went round the mining, power generation and community projects sites.
MPA Qasim Siraj Soomro and District Council Chairman Dr Ghulam Haider Samejo accompanied the envoy.
He received a briefing on the projects from Sindh Engro Coal Mining Company (SECMC) vice president Syed Murtaza Azhar Rizvi and Thar Foundation general manager Naseer Memon.
Mr Rizvi informed him that mining and power generation project at Block-II had been completed three months ahead of the stipulated time and that too at 20 per cent less than the approved project cost.
https://www.dawn.com/news/1520621
sandy give me a minute or two i will give you details...:))
Hi still need a link to where this $1.6 billion is coming from.
Many thanks
key abstract from that article...
"Mr Rizvi informed him that mining and power generation project at Block-II had been completed three months ahead of the stipulated time and that too at 20 per cent less than the approved project cost."
block 2 project completed well ahead of time....by 3 MONTHS...and above all saved 20% of all approved project costs......
we will also work with CHINESE companies.....they...work around the clock......our $1.6B......could come down to something like $1.2BILLION overall costs....
if anyone thinks america was there anything other than keeping a TAG on THAR coal...must be kidding themselves....3/4 BLOCKS will be auctioned of....each one at around $1B to $1.5B.....big boys are coming and viewing...:))
https://tribune.com.pk/story/2064410/2-sindh-attract-4-6b-auctioning-new-blocks/
BIDDING war for remaining blocks...i was also informed..RUSSIANS were there aswell...but i can find any proof..
https://www.dawn.com/news/1520621/us-envoy-visits-thar-coal-project-inaugurates-health-facility
US envoy visits Thar Coal project, inaugurates health facility
MITHI: The United States Consul General at Karachi Rob Silberstein on Thursday inaugurated an operating theatre facility and telemedicine services — ‘Ring-a-Doctor’ — at Islamkot’s rural health centre.
Speaking at the ceremony, he said the United States would continue to support such services for the people of Tharparkar as a goodwill gesture.
He observed that the people of Thar were not only simple, honest and peace-loving, but also patriotic citizens of the country.
The US envoy also visited community development project in Islamkot and appreciated the efforts being put in by the Thar Foundation in the taluka to meet UN’s sustainable development goals (SDGs) target. He expressed the hope that Tharparkar district would soon progress in all spheres of health, education and public services in terms of development.
During his visit to the Thar Coal project’s Block-II, he went round the mining, power generation and community projects sites.
MPA Qasim Siraj Soomro and District Council Chairman Dr Ghulam Haider Samejo accompanied the envoy.
He received a briefing on the projects from Sindh Engro Coal Mining Company (SECMC) vice president Syed Murtaza Azhar Rizvi and Thar Foundation general manager Naseer Memon.
Mr Rizvi informed him that mining and power generation project at Block-II had been completed three months ahead of the stipulated time and that too at 20 per cent less than the approved project cost.
Mr Silberstein met a group of women dumper truck drivers, who demonstrated their driving skills by operating vehicles carrying load of 60 tonnes of coal. He also met the women workers being trained for reverse osmosis (RO) plant operation. He was taken round the New Senhri Dars model village where 172 families dislocated due to the acquiring of lands for the coal project have been resettled.
Naseer Memon informed the US envoy that the village was provided with all basic facilities like school, dispensary, community centre and RO plant, as well as a mosque and a temple. She said households in the village were provided solar energy equipment.
The consul general visited the temple, Shiv Mandir, and met local community’s elders. He also met owner of a household and presented him a souvenir of the US embassy.
During the visit, Mr Silberstein planted a sapling in Green Park and was told that 750,000 indigenous trees were being planted in the area under the ‘Thar million tree’ initiative undertaken by the public-private partnership between Sindh government and the SECMC.