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James, you’re bipolar…one minute backing Naheed/Oracle, the next you’re seeing reality.
But to no great avail, now he just looks as daft as ever. Will be shocked if a placing doesn't drop in the not too distant future. The company can't continue to survive without funds, therefore its a placing or a finance deal with a partner.
100%, I see the Keith aka. The lord has been us spreading his utter nonsense. Tragic.
What has been evident here is a few buys raised the SP from what has been a long basement level. Today and late last week there were a few sales which knocked it but to call it forward selling of an up and coming raise is a stretch beyond the facts. What has caused this activity, to be fair its small beer in value, is yet to be confirmed. Hope springs eternal.
Over arching this is there has to be a longer term funding solution. What this company is involved in demands shed loads of capital and a just covering the BOD expenses and salaries every few months with never ending share dilution just does not cut it.
Crunch time is here
AIMO
Yet another Naheed special I see, falsely run the price up to 'infer' something is going on. Then watch the usual posters putting out completely ridiculous media articles from PAK newspapers saying they want to produce their own energy so 'obviously' ORCP is about to be bought out by Shell and Rio Tinto for multi-billions.
The silence says it all (and the collapse in the price), it was/is a forward sold placing that the same posters will say is "out of the way now, finances are secured for Naheed's next nail Spa treatment......sorry......high level strategy forum with 'serious' players in the international energy realm, these boys aren't messing around, no Sir-ee, they mean business, keep going Naheed, we're all right behind you" (about 90% behind you in fact due to your consistent placings to achieve NOTHING).
What's that coming over the Hill is it a Placing, is it a Placiiiiiing.
Let's just wait and see what the next RNS says that will obviously be 'in the best interests of shareholders', when it isn't, wasn't and never has been.
Tick Tock
JamesP21- why did Zak ramp this - on what basis was the ramp?
Appreciate any views on reasons etc. Thanks
No more buying here lordsidcup, seen enough of my hard earned squandered already.
How are people doing buying on the dip? Couple of traders out this morning but still very hard to buy much
Lordsidcup. Give it a rest. Every time you ramp this it sinks further. 'Better to remain silent and be thought a fool than to open ones mouth and remove all doubt'.
No coincidence that Zak Mir ramped this up on Wednesday and Thursday only for the price to collapse Friday/Monday. Wouldn't surprise me if it was orchestrated by Naheed so she could carry out a placing at a more favourable SP. Lets wait and find out.
While the news on Sindh government on Thar is encouraging, it will still take many more months before being finalised by federal government and not to mentioned, still year away from any revenue generation.
in the meantimes, we had placing around 6 mths ago, and so, another one is well overdue. i wont be jumping in knowing that Naheed will surely do one placing very soon.
Something odd going on - massive volume again this morning, a couple of tree shakes, as you say still very hard to buy and then completely shut down all afternoon - I think there's a large buy order being worked I've seen similar before - probably it will appear after hours today or early next week. Anyway extremely encouraging going forward that the market interest is back and big developments happening with Thar!
I could have averaged down but didn't, I still don't have much faith in Naheed to deliver (regardless of the potential). I hope I'm wrong and she surprises me.
I hope so Lordsidcup - my ave is 0.5 so I have a way to go but cannot bring myself to put any more in as just don't trust it.
GLA! 🤞🏻💰🥂
Sorry for the spelling, I had Fomo. Haha
MMs hunting, dropped it right down but couldn't buy. Back up to 0.385 on the buy now, still hard to buy, can't get a quote over 4m.
63 Trades by 10AM, Insane in comparison to the last 6 months, still trying to figure out what's going on. A couple of decent sized sells today, maybe traders from yesterday? FOMO kicking in from some today, whether it's been massively oversold up to this point and it's finding it's value
Be good to get Investors talking about Oracle Power and Oracle Energy, but it really needs backing up from the company
Spread down 🥳
A little bit of volume this morning, welcome to all new faces and investors too, always good to hear differing opinions on these boards.
Let’s hope the recent articles and news regarding THAR transpire to an actual RNS being released by the company, for the development of Block 6
Great to see a lot of new people on the board, tbh I've filtered 90% of the people already here!
This company has always had the potential and just needed a slightly less incompetent and corrupt government to succeed. The provincial Sindh government has obviously had enough and seen a way to get things moving.
The Thar coal is worth $100s millions but even our remaining share of the gold values the company in the $10s millions and ever increasing with the gold price. And the green hydrogen $billion project and solar in Thar aligns us with the future.
That's serious multibagger potential all round. Good luck everyone!
So that's serious
sindh govt decides to draft policy for utilizing thar's coal for gasification
published march 21, 2024 | 09:10 pm
sindh government has decided to prepare draft policy in relation to make liquid gas and fertilizer from thar's coal through which a foreign exchange worth us dollars 500 million could be saved annually
https://www.urdupoint.com/en/****stan/sindh-govt-decides-to-draft-policy-for-utiliz-1807667.html
Even when something has gone up nearly 40% you look at in and then wonder where there is anything else in the background as realistically it's value is significantly higher...very odd!
CazBraz, or maybe the amount of buying has pushed the price up as there's hardly any sells.
If we get that kind of Commitment, which could be possible as we have a similiar MoU with Power China, the same could happen here, big gains to be made. It just needs the green light from the Government and jurisdiction issues ironed out, before Big Money commits.
Look what happened with GCM sp when they got a proper RNS about Chinese stepping in. It can be the same case so today's 38% rise it's just the beginning of what may still happen.