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If anyone in the market thought those figures were remotely credible it would have been bought out long ago.
Nobody does.
Hence why it's valued the same as a semi-detached house in Guildford.
Sorry what?? was that directed at me?
All you do it post utter horse manure “keef”. Give it a rest.
Green hydrogen is a load of rubbish. So many countries looking at this over the last 5-years have now realised it's not viable until you've got the surplus renewables which most are targeting dates between 2030 and 2050. Hydrogen is "useful" but nowhere near in the quantities they think it is and not at the cost point new project developers are using for their investment cases. We should be looking to divest that one as soon as possible!
Not to mention 20% of a $7 billion gold project!
Naheed has talked about some of the largest companies in the world buying a stake at a much higher SP when they come onboard the green hydrogen project...
Is this now becoming a buy out target?
Currently there is a 13% stake in a multi-billion project sat in a company valued at £1.2m
LNG demand is forecast to rise 50% it will become ever more expensive
Here are some details:
"According to the study of Sui Southern Gas Company, an investment of 2 billion dollars will be required to produce 100 mmcfd of gas from Thar coal, gas can be obtained from Thar coal at a price of 8 to 10 dollars per mmbtu and A total of 1200 mmcfd of gas can be obtained from Thar coal."
https://timelinenews.com.pk/shortage-of-gas-proposal-to-produce-synthetic-gas-from-thar-coal/
From the Indonesia link
Since 2018, coal gasification to produce DME fuel for Indonesian households has been touted as a more affordable substitute to the country’s liquefied petroleum gas (LPG) imports. However, IEEFA pointed out in a January 2022 report that DME prices were cheaper than LPG for only 15 months over a 20-year period — and estimated that the total per-tonne production cost of a DME plant would be nearly twice what Indonesia was paying for LPG imports.
I don't know the economics of coal gassification, sounds a no brainer when you have millions of tons of easily accessible lignite or coal.
At the same time India is going for it, but has had to announce £700 million of subsidies to develop the industry https://economictimes.indiatimes.com/industry/indl-goods/svs/metals-mining/cabinet-okays-rs-8500-crore-for-coal-gasification/articleshow/107123926.cms?from=mdr
Indonesia huge subsidies required too https://ieefa.org/resources/keeping-indonesias-downstream-coal-projects-afloat-will-require-hefty-government#:~:text=highlights%20cost%20challenges-,Downstream%20coal%20projects%20in%20Indonesia%20need%20a%20government%20subsidy%20of,and%20Financial%20Analysis%20(IEEFA).
so have no idea if its feasible
I honestly don't understand why it takes so long to realise how valuable Thar really is.. its like they want to keep importing at unsustainable prices.. getting beyond a joke
Articles today reporting on Sui trying to address the gas crisis - one element is development of a coal to gas policy, we signed an MoU with them two years ago for this! Game on for Thar coal - the government just needs to get on with it now
https://tribune.com.pk/story/2456375/ssgc-eyes-substitution-plan-amid-depleting-reserves
I think its fair to say the election has done the opposite of bring stability, looks like absolute chaos.
All PTI guys are running as independents, some already defected to other parties once elected.
Am confident in saying whoever comes to power will not fulfill a 5 year term, easy bet,as no party in the history of pk has completed a full term, ever.
But this looks messy as h3ll , no mandate, just bitter wounds and disappointment.
Military credibility at lowest point, lower than 71 when they lost half the country!
Amatra, there is a reason why anyone would buy 10 million shares in a company with historically poor financials, no income stream, very little in terms of tangible assets, in a country renowned for corruption and tribal rivalries…. It’s called greed!…I’m not knocking it!… but it does mean that the belief that you are so sure that your poor research and non existent due diligence does not matter. Your conviction that this is the stock that will make you unimaginable rich in exchange for a few grand is absolute!…most of us have been there, the trick is to learn, not just about the markets but also about yourself!…for me, it was understanding that I am a gambler but I had to become a smarter gambler rather than an impulse gambler chasing unachievable and unlikely jackpots!…no offence intended! 👍
Hopefully this will usher in a long period of stability and ling term policy making, especially since everyone already knows who's won! The Chinese said they would wait until after the election before signing long term contracts, I expect a lot to happen quickly in the coming weeks - KE certainly have a plan with their new leadership - hope for news on Thar Block VI power plant and coal to gas policy as well as incentives for renewables.
It’s near 0.01p not 0.1p.
I agree with all of you, as i said worth a small punt for a new investor but not anyone else. Unless you got money and believe in this company's future.
This is a long term stock with huge multibagging potential next few years if projects and funds work.
Unless the stock has gone bankrupt/admin, the worst scenario for share price is 0.1p. Which this is basically near. Even with a lying and inept management, still owned by billionaires so some kind of positive.
For old investors stuck 1p+ or even those stuck at 0.8p-0.20p the past 1 year. It has crashed so much now its valued as nothing by the market, with poor financials.
Of course you cant sell, average down, or willing to add more and are very angry. Hope you all get your money back and do not sell for a loss no point, do not let them win.
I bought in a couple of years ago for Thar and like many of you, I'm seriously down on this one. I currently own 10M shares and am down over £20k.
We always knew we would be in for a long haul and that there would be a possibility of the sp dropping for a while, but this has got far worse than I ever expected it to. I've tried to stay positive and am still giving it my best shot, but it is only because it is now at the point where there is absolutely no point selling at this level.
There is no way I'm going to be buying into this any further.
What it takes a while to work out is companies like ORCP don't actually care about private investors or anyone buying on the open market. All they care about is those insiders who take place in the fund raisers.
You have worked out you need "great luck" to time it... But odds are firmly stacked in the favour of those insiders with the warrants attached. And yes before punting they are brought inside and told all the expeceted RNSs to come out in the next few weeks post raise....
Yeah exactly. I mean it’s not like your actually your asking for the world, you want timelines.
The big one will be project revenue. If the projected CAPEX is going to be around £3Billion, your revenues would presumably trump this number. It could bring in £300-£400m per annum for a 20+ year lifespan. And Oracle in some way or other are going to recieve their pound of flesh. Or a “premium” for our work in the development. Tell us what !!! Even that alone could be a lucrative one off payment. Give us a clue haha, something to get excited about holding in the future.
I’ve never witnessed a company I’ve invested in go bust, and I don’t wish to see that in any form here. But if we’re going to reap our rewards in 2-3 years from now, im getting extra worried about bridging the gap between now and then with the rate of dilution we’ve witnessed and share price implosion.
Agree AG, what is the incentive of buying and holding? Lack of timelines is no help to anyone. You just need pure luck to turn your investment in to profit here by timing your buy in perfectly.
Ralladw2 - that's easy to consider with the fresh eyes of a newcomer to ORCP who hasn't lost a small fortune and been misled over a number of years......perhaps if I hadn't invested here before and had no experience of the woman in charge I'd take a punt.
Unfortunately I agree with JSTAR here, some companies have the ability to let you buy and hold, Oracle isn’t one of those. I’ve never seen a share price decimated time and time and time again, for the trend to continue
With Naheeds lack of Communication surrounding anything of substance with GH, combined with her inability to negotiate and secure a decent fundraise, those who buy in now, could quite easily find themselves 50% down in no time. Some companies have the ability to drip feed shareholders something of value from time to time to keep the shareholders, and share price at bay, we don’t have that here
I’m 90% down in over 2 years and that gulf looks set to widen further. Some new PI’s may make money in the future. I wouldn’t consider myself an OG Long term holder and even I would need a parabolic run of 2000-3000%, just to break even. Which AIM company last did yet and how did they achieve it ?
My only blessing here now I’ve lost thousands, I can pick up MILLLLLIONS of these things for penny’s now and it can somewhat lower my average, but I won’t be breaking the bank to do so
If you want new investment Naheed, come out and tell them exactly what they’re investing into and what the future holds. We’ll get behind the company but you have to make us believe.
I do understand the optimism here. I was the big optimist 2 years ago but losing nearly all of your investment, surprisingly wiped that out of me
Jstar I understand that and as you said maybe wait for another raise/placing. Like i said cant trust naheed and her lies.
However promising projects and multibagging potential unless de-listed or bankrupt its worth a small buy at these levels for a pump even.
E.g invest £50 at 0.2p and if any good news comes and it goes to 0.3p-0.4p you doubled your money. If it goes to 0.1p then average down buy another £50-£100 and wait for pump or a rise.
If you just hold and forget about it for 1-4 years, if the green hydrogen project or other projects are going ahead, if major funding comes then its multibagging. That £50 quid or averaged down £150 turns into £500,£1000, £2000 whatever the true price and potential of this stock is.
Buying small amounts you wont even care about and probably forget, then come back couple years and you got some nice holiday money, or food/gas for a year. Its like free money the way I see it, 50/50 chance.
Just to illustrate the lunacy of buy and hold on aim shares like this. If you "invested" £1k.
Losses in 6 months 72% so down to 280.
Losses in 1 year 86% so down to 140.
Losses in 5 years 96% so down to 40
Losses since inception 99.78% so down to 2 quid.
I'm sticking by 250k raised this month at a price of 0.02. This mornings RNS just further flags it for anyone who can't read a cash flow.
If your strategy is bizarrely buy and hold at least wait for the raise to hit...