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A little bit of volume this morning, welcome to all new faces and investors too, always good to hear differing opinions on these boards.
Let’s hope the recent articles and news regarding THAR transpire to an actual RNS being released by the company, for the development of Block 6
Great to see a lot of new people on the board, tbh I've filtered 90% of the people already here!
This company has always had the potential and just needed a slightly less incompetent and corrupt government to succeed. The provincial Sindh government has obviously had enough and seen a way to get things moving.
The Thar coal is worth $100s millions but even our remaining share of the gold values the company in the $10s millions and ever increasing with the gold price. And the green hydrogen $billion project and solar in Thar aligns us with the future.
That's serious multibagger potential all round. Good luck everyone!
So that's serious
sindh govt decides to draft policy for utilizing thar's coal for gasification
published march 21, 2024 | 09:10 pm
sindh government has decided to prepare draft policy in relation to make liquid gas and fertilizer from thar's coal through which a foreign exchange worth us dollars 500 million could be saved annually
https://www.urdupoint.com/en/****stan/sindh-govt-decides-to-draft-policy-for-utiliz-1807667.html
Even when something has gone up nearly 40% you look at in and then wonder where there is anything else in the background as realistically it's value is significantly higher...very odd!
CazBraz, or maybe the amount of buying has pushed the price up as there's hardly any sells.
If we get that kind of Commitment, which could be possible as we have a similiar MoU with Power China, the same could happen here, big gains to be made. It just needs the green light from the Government and jurisdiction issues ironed out, before Big Money commits.
Look what happened with GCM sp when they got a proper RNS about Chinese stepping in. It can be the same case so today's 38% rise it's just the beginning of what may still happen.
Leading on from this morning, if (might not be), but if there is an upcoming placing, Naheed can use this price action to our advantage and raise at a higher price.
Going thru at 0.045 - 50% up - if there's not a really good RNS in the pipeline then the MM's are definitely just playing a naughty game with PI's that's for sure!
Get the feeling that an RNS is just around the corner - time for an uplift?. relatively new into this and waiting around for a while. see what's comes along
https://twitter.com/cpec_official/status/1770338687475122480
china stands ready to work with ****stan to build an upgraded cpec: chinese fm spokesperson
maybe this could explain the interest somewhat.
I'm still paranoid 😂, I will wait to see what happens before adding more. I could half my sp.... this is a killer. Do I, or just wait.
Gone through at 0.040 on my watchlist, showing as 33.33% up - there must be an RNS logged I reckon!
0.04p
Nice buy gone through! Could we be seeing a slight upturn?
It can but Oracle Power only own 30% with the Sheikh fronting the other 70%. The majority of the Oracle Powers placings have been to front our 30% of Oracle Energy, which is only leading the Green Hydrogen project.
ORCP still needs funding for overheads, wages, THAR and possibly Northern Zone, how small or large they may be
My hoping is once we secure funding for the green hydrogen project, Oracle can take a premium payment in the millions, to limit future dilution
That funding can come from Oracle Energy though right? a vehicle that's completely owned by us in order to prevent dilution.
Going up again. Maybe there is something we don't know just yet...
To be fair I am surprised we haven’t seen the raise by now if I’m honest , but I’d be even further surprised if we don’t get one
With financing on Green Hydrogen not until the end of 2024/start of 2025, plus we’ll have to start contributing to 20% of NZ potentially this year, this company is going to need more money
I’m content with the fact we’ll continue to raise, that’s just part of the game. But it’s in the manner Naheed executed it last time, it was an absolute shocker, and that’s when the share price was more than double what it was now. Raise with a decent negotiation but more importantly, show us the progress that has been made, and will continue to be made moving forward. Show us exactly what we’re investing into.
She may have secured alternative financing some other way but I personally can’t see us at that stage, yet. With GCM dropping big news lately with Power China, it would be outstanding if we secured something similar at THAR, with our MoU, something they had in place over there too before committing $1B
I can't help feeling that we've already passed the point at which we would have done/needed a raise. I take that as a good sign. Looking forward to find out why. There are many of us who need a minimum of 10x, just to get back to even.
My worry is that now the sp is moving again, expectation is building and if it comes to nothing other than another raise, the market may never forgive the constant destruction of the sp to this point. The repurcussions would go through everything we try and do in the future, with no one willing to trust us. Seen it before and it's a slow death.
On the bright side, a piece of good news could give us that 10x, which may be just enough to save us. Things have been dragging on for far too long. Come on Naheed, pull it out of the bag!
I wonder if the MM's did the same at GCM! Its gone from 0.9 to over 9p in just over of 3 months!
Probably MMs trading with each other to trick us.
The last time there was a placing the SP declined from around .1p to .07p with lots of forward selling before finally dropping to .035p placing price and below - this is totally different hardly a sell in two days and looking very strong
Let's hope so, the last time I saw it rally up was followed by a placing so slightly concerned.
Disclaimer, I have no clue what I'm doing 😊