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Been a nice move up today. Needs to hold and a few more of them so the SP can start to move back to better places
I added today on H&L if that helps?
I couldn’t buy either on HL yesterday or trading212
Hmm cant buy on IG wonder what's going on
Yep, the season is only just begun over there, so it would make sense that they get as much done as they can between now and end of Q3. We shouldn't be too far away from regular updates imho
19
I don't think that the news from Riversgold, the earn-in partner in the Northern Zone gold prospect, was reported here or by ORCP in depth.
The full announcement, which was released on 16th April, is in the link below. Riversgold seem to be quite keen on progressing this.
“RGL’s senior team were on site a week ago to scope the next drilling program and making plans to drill Northern Zone to deliver a maiden JORC-compliant resource. We see Northern Zone as being somewhat similar to Saturn Metals Limited’s Apollo Hill Gold Project and the early metallurgy points towards a potential heap leach operation.”
"Located 175km due north of Northern Zone, Saturn Metals Limited has released a Preliminary Economic Assessment (PEA) on the Apollo Hill Gold project that has a resource of 105Mt at 0.54g/t gold for 1.839Moz. RGL views the Apollo Hill project as an example of what we are looking to achieve at Northern Zone, albeit with Northern Zone being a potentially larger project."
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240415:nASX8g631m
It's just a tick box exercise, doesn't mean they can't put together a consortium to actually build the project in the meantime and Naheed is looking to sell part of our 30% for millions...
I think it’s all building up towards financing and funding, I think certain boxes are being ticked and I’d like to think this would be the last steps before financing. But we don’t know, there have been additional steps added along the way, or steps not relayed to us. Just tell us, it’s A —-> Z, these are the start and end points, what is inbetween ?
It’s not the concern of if the GHP gets over the line for me, it’s in what state and condition you’ve sacrificed the share price at in that duration which is the major concern. Will the long term holders (2 years +), who are 98% down and have stuck with the company, will these see their money back? I doubt it
My sentiments exactly......also thinking it can't be long until the next RNS we all know is due, the one that's needed to keep Naheed in the lifestyle to which she's become accustomed.
another 3 months..
oracle power plc (aim: orcp), an international project developer, together with its joint venture company, oracle energy limited ("oracle energy"), a developer of green energy projects, is pleased to announce that the environmental and social impact assessment ("esia") study report (the "report") for the proposed 1.3 gw renewable power plant in jhimpir, sindh province, ****stan (the "power plant"), has been submitted to the sindh environmental protection agency ("sepa") for review, with a no-objection certificate ("noc") expected to be granted thereafter as a prerequisite for commencing on-ground construction activities.
the report, prepared by sgs ****stan (pvt.) ltd in compliance with section 17 of the sindh environmental protection act 2014 (the "act"), outlines the environmental implications of the proposed power plant and delineates the mitigation measures to address potential impacts. encompassing a comprehensive analysis of the power plant's environmental footprint, including assessments of, inter alia, air quality, noise levels, biodiversity, and socio-economic aspects, the report, as announced on 17 april 2024, concludes that the impacts of the proposed power plant are not significant or adverse and the site does not lie in a sensitive area.
according to section 17 of the act, any construction or development endeavor within the sindh province necessitates sepa's noc, which is contingent upon a satisfactory review of the submitted report. sepa's approval signifies the fulfillment of requisite environmental standards and the adoption of precautionary measures to safeguard against adverse environmental effects during and after project implementation. the company expects sepa's review to be approximately a two-three-month process and will provide an update in this regard in due course.
naheed memon, ceo of oracle, commented: "the submission of the report to sepa is another important step forward in the development of this project, as on the expected receipt of the noc we will then be able to satisfy further conditions of financiers. we await sepa's review, which is expected in 2-3 months, as we continue our efforts to deliver a successful clean energy project."
I don't think that the news from Riversgold, the earn-in partner in the Northern Zone gold prospect, was reported here or by ORCP in depth.
The full announcement, which was released on 16th April, is in the link below. Riversgold seem to be quite keen on progressing this.
“RGL’s senior team were on site a week ago to scope the next drilling program and making plans to drill Northern Zone to deliver a maiden JORC-compliant resource. We see Northern Zone as being somewhat similar to Saturn Metals Limited’s Apollo Hill Gold Project and the early metallurgy points towards a potential heap leach operation.”
"Located 175km due north of Northern Zone, Saturn Metals Limited has released a Preliminary Economic Assessment (PEA) on the Apollo Hill Gold project that has a resource of 105Mt at 0.54g/t gold for 1.839Moz. RGL views the Apollo Hill project as an example of what we are looking to achieve at Northern Zone, albeit with Northern Zone being a potentially larger project."
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240415:nASX8g631m
I fully expect this to go t*ts up at some point, if anything good comes of my holding here I'll eat my hat.
Thanks for posting, just listened to it, dreadful, same old same old, zero confidence in the woman, heard it all before......she says they only raise funds as and when needed but that has proved disastrous, raise more than you need at a higher SP to see you through instead of dribs and drabs with increasingly discounted placings.
Zak Mir talks to Naheed Memon, CEO of Oracle Power, as she answers the latest questions from shareholders of the project development company. https://twitter.com/Share_Talk/status/1783066017213628727
https://audioboom.com/posts/8495129-oracle-power-aim-orcp-shareholder-q-a-q1-2024-zaks-traders-cafe
Wow… a MOU, those worthless non binding pieces of paper?
You mean the MOU and the offtake deal that was to be signed during COP? Which never happened.
Thats why they signed Mou with Oracle Power.. for the fun of it
Naheed might stun us all with a placing at a premium....then again....
Keith talking utter rubbish again. Masdar (an Abu Dhabi hiv entity) and EGA (an Abu Dhabi based company) want to produce green hydrogen IN the UAE (probably Abu dhabi).
Lots of noise about Masdar ramping up investment in GH internationally and just signed agreement with EGA that we have an MoU with - with the Sheikh's involvement writing seems to be on the wall for an offtake agreement and funding deal here
https://www.h2-view.com/story/masdar-and-ega-to-identify-hydrogen-aluminium-production-opportunities/2108831.article/
I'd consider buying a few more, but I can't take the risk knowing that Naheed could willingly do another placing and halve their value again.
99.78% down since inception. 40% spread. I'm surprised folks aren't snapping up this baby. :)
More demand for Thar coal, existing mine will supply current power plants - they're going to have to develop more mines for coal to gas and fertiliser etc which is what Block VI is allocated for and for our power plant . and what about security of supply? Relying on just one mine isn't such a great idea
Is this a positive or negative for Oracle?
Nice find, thanks