The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust 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.
More talking........https://twitter.com/OraclePowerPlc/status/1765324291321573405
****stan's gas crisis: ssgc proposes thar coal solution amid halving reserves by 2026-27
****stan faces an energy crisis with gas reserves dwindling. thar coal emerges as a key to long-term energy security, offering hope amidst challenges.
****stan faces a looming energy crisis as its indigenous gas reserves are projected to decrease by 50% by the fiscal year 2026-27, placing a significant strain on the nation's energy supply. sui southern gas company (ssgc) has highlighted the growing challenges of securing imported regasified liquefied natural gas (rlng) as an alternative, advocating for the utilization of thar coal as a viable domestic resource capable of generating 100,000 mw of electricity for more than two centuries. this strategic shift aims to mitigate the impending energy shortfall and ensure long-term energy security for ****stan.
the looming gas crisis and thar coal solution
with the anticipated halving of ****stan's gas reserves, the reliance on expensive and increasingly scarce imported rlng has pushed ssgc to propose a more sustainable solution. thar coal, with its immense potential for electricity production, emerges as a promising alternative. ssgc's subsidiary, ssgc alternate energy (ae), has been at the forefront, promoting coal to gas (c2g) plants through collaborations with both local and foreign firms, backed by multiple memorandums of understanding (mous).
challenges and financial implications
transitioning to renewable energy sources like thar coal is not devoid of challenges. a significant hurdle is the financial requirement for establishing a coal gasification plant, estimated at approximately $2 billion for producing 100 mmscfd of synthetic natural gas (sng). this substantial investment underscores the need for strategic planning and financial backing to realize the potential of thar coal as a cornerstone of ****stan's energy strategy. ssgc's initiative also explores alternative energy sources such as biogas from cow dung, municipal solid waste, and energy crops, which could collectively contribute to reducing rlng imports and enhancing energy self-sufficiency.
path forward: reducing dependency on imported energy
ssgc's proposal to harness thar coal for synthetic gas production represents a critical step towards reducing ****stan's dependency on imported energy. by tapping into domestic resources like coal and biogas, ****stan can not only address its immediate energy crisis but also lay the groundwork for a more sustainable and self-reliant energy future.
https://bnnbreaking.com/world/****stan/****stans-gas-crisis-ssgc-proposes-thar-coal-solution-amid-halving-reserves-by-2026-27
Agreed and nearly another £50 today, and all buys!
Adam, it might not seem like much, but it's MILLIONs of shares. 🤞
Disclosure, this is not financial advice and may contain underwhelming elements of sarcasm.
Is that a parody comment, approx £2k of buys ?
Maybe the Sheikh will give us £100k in exchange for a billion shares, would keep the lights on for another month or so?
A few good buy today. Anything will happy? I don't have any idea.
Think might be hard to do a placing at the moment at any price. Who is going to put up the funds when there is no buyers at any price?
God help us. It’s nothing sort of parody.
Wow, no wonder we are in the crap!!
Top notch! - https://twitter.com/OraclePowerPlc/status/1762764586560749895
No idea but the placings seem to have occurred at 4 - 5 month intervals over the last couple of years, another one is due I'd say.
About a fiver and a packet of hobnobs.
Need to raise soon. Cynic in me suggests that's the reason for these *cough news* RNSs.
Agreed, but my concern is whose funding this now?, as the balance sheet is running low.
Does anyone have insight what's left in the pot after fundraisers and salaries?
It's good to see progress, but what's any of this worth until we have funding?
Another school project for ORCP. Amazing when a company RNS' info and no one bothers to comment anymore.
Next AGM = Naheed MenGon
It’s always been the way, pk has been to the IMF about 24 times. China were well aware of its track record of economic and political ineptitude, when they launched cpec.
If the return is right, the Chinese will invest, remember just means higher risk premiums , that is higher returns, so better for us
i have been told that a staggering amount of us$1.8 billion (loan repayments and repatriation) of outstanding dues is owed to chinese energy projects in ****stan. any new chinese funding is linked to first settlement of outstanding dues. with imf loan hanging (more loans demanded) and depleted treasury, it is nothing more than delusion to think that multi-million (or billion) dollars projects will be funded by the chinese. plenty of chinese resentment in ****stan. any non-chinese multi-million (or billion) dollars projects funding in the private sector is out of the question as the debt owed to the chinese is the benchmark. pretty bad state of affairs.
Yeah she talks a good talk but we are still more sour than a pair of vinegar t1t5 here!
If only she added some value to ORCP.
naheed memon, pioneer green hydrogen production project oracle power said the firm had tapped into the opportunity to explore hydrogen and related molecules.
she added that the application of all those molecules was globally staggering and was growing at rising trend. she added that the hydrogen production opportunity was large and viable only if the project was developed on a large scale.
https://www.app.com.pk/national/****stan-must-not-miss-green-hydrogen-revolution-in-just-energy-transition-experts/
Utter incompetence.
Any money she has spent on ORCP shares for herself is ultimately our money anyway isn't it?........I mean the wages that she 'earns' to buy shares hasn't come from any revenue or profits generated, it's shareholder money, where else has it come from?.......it's a win win for her and a lose lose for us.......she's drawn and gained far more than she's lost......and she stopped buying shares a while ago when the share purchase plan became 'too costly' and 'too cumbersome'. As for managing the finances, she said herself (can't remember when or which placing) that she could have raised more but didn't.....seems she thought it better to run the business on a 'hand to mouth' basis, raising smaller amounts only as and when required.....that worked out well.
she has raised £1,65m in the last 24 months alone....talk about value destruction.
my own fault as i am down 96%..yes!, having invested in 2019. unfortunately for us, the ****stani government (probably driven by us) drove china away, and our project (thar) was to be financed by china only...geopolitics.
naheed cannot be held accountable for geopolitics, but she should not have been so bullish regarding the investment return, from this respect she was not fit for ceo. she also blew her own money on this, and i am not sure if we would be able to get any decent ceo to take on this challenge...this is probably just a dead fish in the water now
And she’s literally silent. Crazy.