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If you understand that projects need funding, why didn't you understand it when you bought in? I'm not saying I agree with the way we've gone about funding, I'm massively underwater and doubt I'll ever see profit, but lets not pretend this is anything new.
Exactly, she’s clueless.
The feasibility is a positive move
But:
“We continue to work on the completion of the grid interconnectivity feasibility studies in collaboration with SGCC, as well as geotechnical and environmental studies, which will follow soon after, leading us into the FEED stage and future confirmation of potential off-take and financing arrangements."
Suggests that there is a fair bit of work involved before financially securing this for Oracle Energy. It’s the placings from now until then
If Naheed got ahead of the game and indicated to shareholders Oracles intentions long term, the potential revenues involved and 5 years plan, you may find more PI’s buying in and getting excited. To finally develop an understanding of where we are
But there’s none of that. I’m gobsmacked. It’s stuff happening behind the scenes but nothing of interest being relayed to us in detail. The company may be contracted to keep certain details confidential at this time, which is fine, but don’t expect the share price to hold up
Yes and I also understand the need for finance. Please explain why a RNS that made you wet the bed with excitement has resulted in zero market reaction / interest/ sustained rise in share price and now quite the opposite ie. Red.
I think the bigger problem is that everyone now knows how our CEO operates.
You’re going on like the FS is a bad thing. Do you understand how projects operate?
Now share price back in the red… didnt “Keef” expect a +50% increase today? That guy is thicker than mud. Still waiting to know who these mythical shorters that he speaks of are.
Her reputation now goes before her.
And the market reacting accordingly! Just another RNS to get away another placing… to pay her salary.
The pattern is too obvious.
Indeed it is Comedy gold. Even "project developers" need to have a foresight about strategic investors to take the project to operation. Foreign ( and possibly local), including the Chinese, do not have the investment appetite to do multi-million (and billion) dollar deals in that country. These complex projects require strategic partners from the outset who invest ( no MOUs). Hiring consultants are being paid to please but doesn't mean the project(s) are bankable. Comedy gold indeed.
I’d definitely say it’s welcomed and another step in the right direction. But looks like another 6-12 months before financing and funding with 2-3 more studies ongoing, before anything can be signed legally.
Placings inbetween, really need this share price to hold up because at the current rate, Gold and no THAR news wont support it.
The end goal and prospect for ORCP and shareholders alike could be very lucrative, but we have no idea what our future involvement will be, and rewards which come with it
I have long doubted Naheed, but todays RNS is much welcomed. Lets remember that we're project developers, we won't need full funding to turn the project into production.
The rest of the paragraph doesn’t have anything but further jam tomorrow!
Placing before end Feb. At 0.02p.
‘We continue to work on the completion of the grid interconnectivity feasibility studies in collaboration with SGCC, as well as geotechnical and environmental studies, which will follow soon after, leading us into the FEED stage and future confirmation of potential off-take and financing arrangements."’
Naheedout, conveniently leaving out the rest of the paragraph?
If this happens and we are a percentage holder producing 55,000 tonnes of green hydrogen annually then the current market cap will be catapulted frighteningly.
“which will follow soon after, leading us into the FEED stage and future confirmation of potential off-take and financing arrangements."
Clearly a heavily discounted placing, IMMINENT.
So what about a feasibility study? what are the costs, timelines, bankability.... All these are important regarding funding. Still many years in to the future -
seen a lot of battered down shares doing 50% in a day on nothing lately as traders look for the next rerate and you can't get much more undervalued and out of favour than oracle. hopefully today's that day i know it's on a lot of traders radars. with elections in ****stan this week we could see some major developments very soon. no doubt the green hydrogen project is going to happen with the sheikh owning 70%, the market should start to price that in now
Copy and paste the link into search bar, it works, lse greyed it.
while addressing the opening ceremony of first national level oil, gas, mineral sector career expo minister for energy muhammad ali
the two-day 'fuelling futures career expo 2024, organised by the ministry of energy and ****stan petroleum limited
(ppl), drew about 5,000 students from across ****stan, as well as representatives from 14 energy and mineral companies and 30 universities and schools.
://twitter.com/official_petdiv/status/1752960431285792873?ref_src=twsrc%5egoogle%7ctwcamp%5eserp%7ctwgr%5etweet
****stan sector still looking to grow, so still hope for hapless naheed to get one over the line.
Don't mock Fisher-Price...
They have a "laugh & learn" series.
Coincidence?
Total volume 100m shares, and given this blue chip stock is priced at 0.028p that's a whole 28k.
Are these traders piling in with their fisher price phones? Or using cup and string to contact the brokers?
Green Hydrogen isn't such a bad idea either:
BMW says Goodbye to Electric Cars; it has now Solved the Problem of Hydrogen Engines – MES
https://hydrogen-central.com/bmw-says-goodbye-to-electric-cars-it-has-now-solved-the-problem-of-hydrogen-engines-mes/#:~:text=BMW%20Plans%20to%20Roll%20Out,industry%2C%20aligning%20with%20these%20priorities.
But the problem still is why the current management won't get on with it. All ideas but no action.
What shorts, Keef?! You just make things up! And as for traders “piling in”, you’re just embarrassing.
Traders piling in after the dip this morning - something's definitely up and this could go on a real run if it breaks resistance - maybe shorts closing but something's got the market moving today
Naheedout working overtime I see.