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I have 2 questions, why no more Investor Meets and how much money remains to pay wages / expenses etc.
https://cpecinfo.com/****stan-railways-eyes-solar-power-transformation-in-collaboration-with-china/
could this open up the possibility of thar solar project being added to cpec?
Your link didnt work for me but think its the same article i read last night
https://tribune.com.pk/story/2462513/thar-coal-key-to-overcoming-expensive-power-woes
With Iran sanctions in the spotlight, they have to develop indigenous resources to meet the need for gas and fuel and expanding Thar coal is the only option - this is the time
https://www.energyupdate.com.pk/2024/04/14/thar-coal-key-to-overcoming-expensive-power-woes/
Panda - 100%, it works out better for the Seller of the asset, but would mean Oracle dishing up more shares
But it's all T&C's, 45 days away and whether the board actually pull the trigger in the first place. Watch this space i guess
The lower the share price the more shares the Aussies get.
They will very likely sell them as quickly as they can. They only paid £28k so it's a good profit for them, especially when the licence is most likely worthless and at best just like buying a lottery ticket
Possibly but if the price was lower, couldn't they just renegotiate the £200,000 in an Equivalent share sum?
" the Company shall pay consideration of £200,000 to Mining Equities, through the issue of a further 913,242,009 new Ordinary Shares"
Because lets be honest, in a 45 day time frame, the share price is certain to fluctuate from what it is now
If she is confident this "mitigates risk" then she must be absolutely confident in future funding, another placing now would surely put the deal in jeopardy as they won't want to accept shares if the SP has been crashed again - can't see any other explanation
Yeah no problem, my initial own (Cynical) worries were that they've acquired it because they've had short comings elsewhere in GH and need something else to progress, but who knows.
It's the financial aspect, not just for the company, but our holdings I'm concerned about. If they pull the trigger on this, it'll take the Shares in circulation to 5.7 Billion, and if we're on the brink of another raise, that number would clearly pass the 7 Billion mark.
Just make sure you all get your own questions in for this Q&A, ask the right questions and see if she gives us what we want to know, and not what we want to hear
Thanks for sharing mate. I'm living in hope that there is a reason Naheed has proceeded with the acquisition of the Blue Rock Valley project. You wouldn't get after it if you knew nothing else was moving ahead.
Unfortunately this pattern bears all the hallmarks of a placing.
Don't get caught out this time!
Yeah no problem. I thanked them for the reply and said I'd rather us work with the CEO, than work against her but it was just Enough for me the other day, The Comms and understanding of our current situation with Green Hydrogen needs addressing and i'l be using the next Q&A to clear this up, and a couple of other factors moving forward
"
You
Dear Mr Griffiths,
Thank you for your email and for sharing your concerns and feedback.
We recognise your frustration with regards to the share price and it is certainly a frustration shared by the board. The Company is a project developer and is focused on mitigating investor risk through a portfolio of assets each with the ability to deliver future value for shareholders. The acquisition of the Blue Rock Valley Project advances this strategy, providing Oracle, and its shareholders, with another opportunity to implement a long-cost exploration programme through which to demonstrate the resource potential of the project, and develop (potentially through JV as with Northern Zone) to guarantee exposure to the asset as it moves through the development curve towards production. This strategy is the core pillar of Oracle’s business, and ensures multiple assets are advanced in parallel to maximise future value and mitigate risk.
Naheed addresses shareholder questions on a regular basis, and we will be conducting another session in the coming weeks, so please do share any specific questions that you would like Naheed to answer.
The Company remains grateful to you for your most valuable support and acknowledges your interest.
Best regards,
Susie"
Hi AG, are you able to share the contents of the response from the company?
LW - I was starting to think the same for while but I'm not sure. All Ground work Surveys now carried out and the majority of steps cleared before the tackle the next FEED stage & Funding parallel to this.
Naheed has talked about a number of steps before the FEED stage for a long time now, and financing. Well as stated in the RNS, that time is now. No more delays or places to hide. The Design stage is the next step so we'll soon see if there's any substance to it. I sent an email to the company on Tuesday and recieved a reply today, more with the frustration of COMMS and not knowing where we stand with the GH project. Time to walk the walk or sink
Shares now available to purchase after almost 24hrs of it being NT below the Ask. Strange.
I doubt the GH project will get over the line even in their lifetime.
That was a joke it’s slightly higher around £5k not my best day at the office.
Will be leaving to grandchildren 5 year plan
GLA
About £2300 thanks for asking.
GLA
Geotech study and Electrical survey completed. All favourable conditions met. Now on to possible financing to start construction.
What’s your £65k in ORCP worth now, Washers?
If you don't think there's a raise imminent you have to answer the how are they paying the wages and hmrc question... Not by issuing more confetti shares
The bid ask spread is 30%, so its likely that the lack of liquidity is what's caused the price to finish up so high.
And after all that it finished up 25% still on virtually no volume - your guess is as good as mine but something seems to be coming...
Very odd, they just don't want the share to rise - maybe there is something that will re-rate the share coming and they just want to pick up as many shares down here as possible before the rise. It didn't take much for it to almost double a couple of weeks ago on nothing.
I just hope Naheed comes out and reassures people soon she knows what's she's doing with this new project when there's so much else that still hasn't got over the line yet...
Can sell in excess of 17m for the same price as 1m but cannot buy a paltry £100 worth. The eternal optimist in me tells me that may be a good sign but that positive trait has cost me dear in the past!