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Thanks lordsidcup - good to see all the steps of the process written down like that - makes you realise just how long the process is and goes some way to explaining why it's taking so darn long. Hopefully this nudge will have an affect for all concerned.
This is the Ambassador requesting full support from government to facilitate the power evacuation study
https://www.brecorder.com/news/40298045
Obvious and expected comment. . She has still put £220k of her own money in. She didn’t have to.
GLA
Naheeds taken out £750k in wages etc
Naheed purchased £220k worth of shares in a block buy at 0.45 in January 2021 which is a worse average than mine. (Only just)
Therefore she has plenty of skin in the game.
GLA
If the tenement was so good, why is it only costing £30k and why could they only sell it to a company that has zero cash and zero track record of achieving anything other than failure?
Why on Earth would anyone agree to an all equity deal and take almost a billion shares if there's a chance the SP could be substantially lower when they come to sell - they must be confident/have been assured this isn't going to happen
She's created so much devastation in her wake over the last 4 years that any potential new investors giving even a cursory glance this way would (or should) avoid like the plague.
The issue is, if she would have put the £2m+ she raised for GH, into the NZ project, she’d:
- still have a job anyway
- have more credibility advancing a project
- would still own 100% of it (we still do until jv is complete)
- would possibly have a multi million oz resource
Spinning these new projects and moving on to the next is just going to be a disaster. A very strange announcement today leaving more questions than answers.
I think it's clear that the GH ramp has run its course, and she's now moving onto a new project, which can be spun for the next period for the next set of gullible investors. Either way, MASSIVE dilution coming up here now off the back of this news.
I'm still feeling left in the dark with regards to the outcome of the GH Feasibility Study, I mean after what seemed like an eternity waiting for the results (almost 1 year) we were told in September last year that they were 'on a par with industry expectations' ....is that outstanding, good or average?........anyway, on to the next project.....
question is what's the price of the next placing? keith/lord sidcup says "it's impossible", so eta within a month and 0.015 is my bet.
new article on the latest commodity - https://*************.com/views/73911/oracle-power-cynical-foul
The worry here is how low can the share price sink, until we get that news.
I have no doubts that one day this can, or probably will go on a 1000-2000% bull run. It has that potential, but at that point, the share price will have been driven so low, most of us won’t see those kind of returns, and at that point, will just be minimising our losses. It’s putting shareholders interest, and holdings at risk, for the sake of eventually smashing one of these projects through and moving on ? That’s warped.
She’s running a company that is listed on the stock market and since announcing the Green Hydrogen project 2 years ago, the MCAP is down over 95%. Enough is enough. Deliver or move on. Simple
Well he’s been wrong since over 1p and for over 4 years so I wouldn’t bet on it…
I wish I could see the cup closer to half full like you lordsidcup - I really hope your hunches prove right and my negative feelings are sent packing, I really do. 🤞🏻😕
Naheed does NOT operate for the best interests of shareholders… those who claim that’s she’s a major holder herself need to give their heads a wobble and realise where most of those shares came from!
She canned the shareholder purchase scheme and lied about another one.
She isn’t aligned with private investors and she’s taking us all for a ride.
But the fact that he's not and is still committed must surely tell you something - and this deal today makes another discounted placing impossible - she's basically raised at the current SP with a lock in period to prevent forward selling and they were happy to take all equity on that basis - it tells you something. They must have been assured of something big to be confident that there will be enough liquidity at a decent price to sell these shares in three month's time
That ORCP are taking on yet another project when not one of the others have got anywhere yet - where the heck does Naheed think future investors are going to come from when all she's done is dilute, dilute, dilute?! I keep half expecting an RNS to say the Sheikh has jumped ship it's got so bad!
AG1989 - my post was careful to use the word 'sector' not just 'local'. This isn't press speculation. There are indications from within the fertilizer/urea sector that it's being taken for granted that urea from block 6 is going to come on tap. This on top of multiple indications from within the energy sector that block 6 as a whole is going to be integrated into energy production from Thar. It's helpful to be able to have some insight from within the sectors.
Higher share price = Higher EPS
EPS = Earnings Per Share
Earnings = Revenue - Costs of Revenue
Revenue = Income
No income = Share Price to 0
Keith, you really do make me sick.
Or she must raise cash soon as running on fumes... And needs to say, "to pay my salary" sorry no"to develop" this latest nonsense, Thats it develop coal, no iron ore.. Sorry gold.. Copper.. Uranium!
Can't help thinking she MUST know something is coming with Thar very soon to take on this new project and it was just too good an opportunity to pass up - if she sells or gets a deal to fund Thar she can always consider a share buyback to reduce the dilution.
Aren't orcp running out of commodities to pump and dump? Such an amazing project the current holders spent a small car developing it and are selling it for stock worth a small terrace in Manchester. Farcical. Next cash raise at whatever price they can get within a month
I think il rely on an official Company RNS, rather than local journalism who have been talking THAR coal up for years.