Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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I'm concerned given amount of time Keith has spent flogging this dead dog with no legs and fleas, how much cash as a % of personal wealth he has invested.
This inane repetition of news that does NOTHING for ORCP (who are valued at the same price as a high street cafe) displays your complete delusion. It's DOWN another 10% today after a collapse in less than 3 days over well over half.
Any development of anything in and around Thar will involve Naheed bending over and taking whatever is offered (which won't be much). If any financial entity wanted what ORCP has it will simply buy up the shares and make a tiny offer for the entire company. Even if they offered a kebab and bottle of red as a dividend I'd vote YES as it would provide more value than anything NM has (hasn't) done.
Please join the real world and lay off the Hopium, the drugs don't work.........Just like Naheed.
The Sindh Coal Authority (SCA) has developed 12 blocks in the Thar coalfield and is working on developing more blocks.
Talks about our coal to gas project "in development" but mistakes block 3 for 6
Sindh Carbon Energy was our subsidiary owning Block VI and was bought out by Oracle Power in 2018
https://www.inp.net.pk/article-detail/inp-wealthpk/sca-develops-12-coal-blocks-in-thar-more-in-pipeline
"NM also cannot be happy after all these years and wants some go ahead?"........she's done well enough on the back of us.
Surely the Sheikh if he wanted a go ahead of any project he just has to give the nod?? NM also cannot be happy after all these years and wants some go ahead???
Just trying to piece together where the Company (Oracle Energy) are up to with this, because as i see it, this will be the Project that gives us any kind of value before the other 2. Gold is in the hands of Riversgold and even after the next drilling campaign, they're years away from any kind of mining status.
With the Recent commitment from Power China to GCM for $1B (Conditions pending), on their Coal asset in Bangladesh, with our Mou, we may see something here but reading more into it, it's jurisdictional issues holding this back so this could be soon, might be years, or worst case scenario, never
Which leads us to Green Hydrogen. A Project which sets out to be a Multi Billion $ project, being developed by ourselves, with very little understanding where us as shareholders, stand long term with it. Once/if financing is secured and construction begins, do we recieve a payment and walk away to focus on future developments, do we earn a Royalty? Do we get both? How we're still none the Wiser after 25 months is staggering, but if finalised, could really add significant value here. Enough to recover losses of LTH's? Who knows:
Timeline of Completed and Ongoing Milestones: (Anything I've missed, just pick up on)
- Green Hydrogen Signing Ceremony (Complete)
https://www.lse.co.uk/rns/ORCP/green-hydrogen-agreement-signing-ceremony-y9a74dtdp782wfn.html
-Prelim Technical study Completed by Power China
https://www.lse.co.uk/rns/ORCP/green-hydrogen-project-update-1bnebxsq4yi9uiz.html
-Joint venture with Shiekh
https://www.lse.co.uk/rns/ORCP/joint-venture-to-advance-green-hydrogen-project-5qzfe0gvdusg4j0.html
- £800,000 raised for GHP (Equates to around 80% of current MCAP)
https://www.lse.co.uk/rns/ORCP/163800000-raised-to-support-green-hydrogen-project-6y7l6o7z6pirzbv.html
-LOI issued
https://www.lse.co.uk/rns/ORCP/loi-to-be-issued-for-green-hydrogen-project-n8qzufepfpe0hcy.html
- Another £500k Raised
https://www.lse.co.uk/rns/ORCP/163500000-placing-to-support-green-hydrogen-project-nyo6u9yx9f4gheg.html
-Technical & Commercial Feasibility Study for Green Hydrogen and Green Ammonia Plant Underway
https://www.lse.co.uk/rns/ORCP/thyssenkrupp-appointed-for-green-hydrogen-project-uhmrrwkyindhsd4.html
-Land Lease secured
https://www.lse.co.uk/rns/ORCP/land-lease-for-green-hydrogen-project-eq2vjy0434xxvgk.html
- Land Survey Commences
https://www.lse.co.uk/rns/ORCP/land-survey-commences-on-green-hydrogen-project-ex7jde6x0u54ack.html
- CET MoU signed
https://www.lse.co.uk/rns/ORCP/strategic-mou-for-green-hydrogen-project-with-cet-kaih08oeeomezkh.html
-CET Feasibility study Completed
https://www.lse.co.uk/rns/ORCP/completed-fs-for-green-hydrogen-ammonia-project-75ct7v04puqk63h.html
- ESIA Study
https://www.lse.co.uk/rns/ORCP/esia-study-renewable-power-production-facility-v1r40bxcrlhwabz.html
With a lot of Placings and Mou's in between. Staggering looking back at the money raised for this, next steps FEE
I know it's ridiculous the way they're manipulating this share - they drop it and drop it and still there's only scraps on offer! Something going on but considering there's been no forward selling I don't see how it can be a placing unless someone is taking all the stock.
50% down from it's peak the other day
Expected cash flow from last placing suggested next one around Feb. We are now March so implys running on fumes At The moment so will need cash soon.
Is there a placing coming?
Appreciate the reply James
MM's taking a position sometimes triggers orders to be executed via freetrade, 212 etc. Looks like PEEL took up their position at 08:00:04.
30 Minutes in and another quick 30 Trades, Majority all at exactly 08:04, anybody a little more clued in with these Transactions, what's exactly happening?
Very Funny trading action the last 4 Days considering for a long time we've had days with 0 Volume
Naheed doing a sterling job?! By using what metric?!!
Blaming me for this shtshow, haha!
Now back to where we were last Monday, hilarious!
Correction - Nigh on 30% down on the day. Sterling job Naheed, take a bow.
Sidcup
Investors who bought shares in ORCP and are concerned that they have just witnessed a blatant orchestrated pump and dump are now trolls soiling themselves because it's about to 'take off'................While at the same time the price on the day is down over 23%, so nigh on a QUARTER of the entire value of the company has been wiped out in less than 8 hours.
Onwards and upwards?? Are you being deliberately ridiculous or (more worryingly) do you actually believe that tripe? It's always going to be 'onwards and upwards' because any share purchase goes DOWNWARDS within a couple of days, EVERY time.
As the saying goes for tabbing around the Brecon Beacons, if you don't like the weather, just wait 5 minutes. In the case of ORCP, if you think Naheed is doing a good job and things are progressing towards a bonanza......Just wait 5 minutes, reality is on the train, and unlike Naheed, it's never late.
25 trillion now is it? The size of the whole USA economy. Remarkable.
i filtered them all ages ago but someone just let me know how badly the trolls are ****ting themselves right now that this is about to take off in a big big way! onwards and upwards good luck all!
Give it a rest, Keith. You’re an embarassment. Literally wetting yourself last week due to the rise (on nothing) and two days later we are back where we started.
$25 Trillion Thar Coal Reserves : Sindh will produce Gas and Fertilizer from coal
He talks extensively about using Thar Block VI for the coal to gas development from about 2m30s in. I used transcript option and google translate
https://www.youtube.com/watch?v=ZAV2vaUd38I
Whatever share less costs to date will need to be funded by orcp. How and with what dilution is the question. Debt won't touch it this far our from revenue.
They are meeting only a small fraction of these costs?! Are they? What utter tosh.
So you expect the partner whoever it is, to cuddle upto 1m market cap orcp and fund a multibillon project while still leaving orcp with (any) equity. Get real please!
Yep even though they are only meeting a small part of the costs of these massive projects, funding will be required at some point - we wait and see what they will be offered in terms of clean development funding for the green hydrogen and a sale or further JV with a big miner for the gold is a likely outcome. It does seem to me that if there's a placing it is going to sticky hands because there's been no forward selling at all this time. That would be very positive.
It does bother me that the company is so reluctant to market these projects - we've had an unexpected rise, the least they could do is a tiny bit of PR to keep the market interested!