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I’m old enough to remember Naheed’s iron ore gaslighting in Guinea (2020). Another total farce.
Oracle is beyond parody and Naheed is just laughing at shareholders.
Somehow, we need to get her out. Otherwise it won’t even be a bag of monster munch that we can afford.
What’s happened/ing here is beyond incompetence.
AG1989 - another way of reading the RNS is it's given us notice to anticipate important news from Thar within a 45 day timeframe. Local and sector media are taking it as a done deal that Block 6 has been given the go ahead.
STM - I’d do that soon if I was you because that Chinese takeaway will soon be a bag of monster munch
This is an absolute JOKE - I am 90% down as she has not got a thing over the line ! Another pipe dream to distract from Thar and GH developments. She needs to go !
I've been holding the decimated pittance I have left in my account here in the high hope that a miracle might happen, however, I'm so sick of looking at it now (and sick of our CEO) that I might just sell up and buy myself a chinese takeaway at the weekend.
Has something stalled with the Green Hydrogen project , have they encountered some stumbling blocks they wasn’t expecting or is that just a very cynical way of looking at todays RNS ?
It’s not even about the Copper asset, we’re just not positioned in any kind of way to take on any other kind of project financially. We just aren’t, hence why we put Gold on the back burner, to focus our attentions on Green Hydrogen. And yes, we have JV’d the Gold out, but the terms were really not that appealing.
Ongoing studies, and not heard much for 5/6 weeks, and then we go and acquire a brand new project in Western Australia.
Something smells fishy here and it may just be a little bit of anger creeping in (I hope I’m very wrong and we progress this soon) but I’m losing patience with the CEO.
Someone else needs to come in, this is beyond a joke now. How can she justify taking on another project when we aren't anywhere near close to developing a single one so far. It blows my mind.
Cannot *
Look what she did with NZ. Promising ground, an ounce of Gold over $3,000 AUD and she gave the majority of this away for a couple of drill programmes. She hasn’t got the ability to take these projects forward in any Value Accrediting Way. The confidence is just not there. It might be an okay asset but her track record has been poor and we’re in a situation we’re it’s just not another thing we can afford to juggle right now
Richard98, that will come later in the year, give her a chance !!!!
I note that we ( ORCP )on this RNS have now become " Oracle Power PLC (AIM:ORCP), an international project developer "
I'm eagerly awaiting the first PROJECT DEVELOPMENT it may just help the sp.
Bets TS
So new share allocation is 4,870,000,000 and if they decide to exercise the option for 100% of it, that’ll take total shares in circulation to just under 6,000,000,000. And this is before we see any kind of financial raise to keep the company going.
Within 12 months that figure will be 10,000,000,000 plus with everybody’s holding seriously diluted. No strategy here, prioritising GH and raising millions of £s whilst us PI’s lose Tens of Thousands (literally), to then go and acquire a different project we just can’t afford.
Enough is enough Naheed, come out from hiding and tell us exactly where we are up to with THAR and GH and when the rewards are coming. What a joke
It's taking the p155
Might as well have said their project is to look for gold and silver on the moon
Crazy. No strategy at all. Where are the funds going to from for exploring this new project. The last one was given away for next to nothing. It’s obvious GH is going no where and so now it’s copper and silver 😂
I'm surprised another raise hasn't already been seen, it can't be long, even the fumes must be running low now.
The management here are blind to what has happened at GCM where a resurgence of interest in their coal-to-power project has seen the share price rally from a low of sub-1p to a high of over 12p. Instead, this lot are still looking for new projects. Pathetic.
Liberty Group own liberty power tech and Liberty Mills, the mill is the main employer, and from what I can see main income earner. Power tech employs 29 people.
https://libertymillslimited.com/
The recent rally allowed for a raise at 0.000219 did well to raise at that price.
I would rather those funds were used to push forward existing projects.
GLA
This is becoming totally ridiculous and farcical.
Another bloody project which probably won't even see the light of day and yet can't even get the bread and butter Thar Coal project sorted.
I think it's safe to say that we're going no where. It's a case of turning off the lights as far as this company and it's long suffering shareholders are concerned
Well she's certainly covering all the bases in terms of potential investors - both copper and silver are looking like great investments right now, many people think we're at the start of another huge commodities super cycle. She must be VERY confident of funding is all I can say to be taking on another project right now
Another raise, mining coal is the first priority..
Https://www.apollo.io/companies/Liberty-Power-Tech-Limited/55e860b1f3e5bb06160000d2
Where are you getting Textile company from?
i'd like to understand why engro , one of ****stans largest companies, have decided to leave such a promising market and sell on to a textile company, looking to diversify.
positive being a stronger focus , but experience and access to capital, would be limited
But they've been running commercial operations in Thar for about 3 years, whereas Oracle has um... Well we still need funding in my opinion
"we believe thar coal is the energy future of ****stan, it's indigenous, it's cheap and it's base load," said zain mukaty, chief operating officer of liberty power, in an interview with reuters on friday, referring to coal deposits of the thar desert."
there's value in thar coal deals happening now
https://www.reuters.com/business/energy/****stans-liberty-confident-its-125-mln-bet-troubled-power-sector-will-reap-2024-04-06/
Between in the 1 year to August 2023 there were 7 Investor Meets, it's now been 8 months since the last one, mind you I don't blame her, I'd want to crawl under a rock too.