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Leading on from this morning, if (might not be), but if there is an upcoming placing, Naheed can use this price action to our advantage and raise at a higher price.
Going thru at 0.045 - 50% up - if there's not a really good RNS in the pipeline then the MM's are definitely just playing a naughty game with PI's that's for sure!
Get the feeling that an RNS is just around the corner - time for an uplift?. relatively new into this and waiting around for a while. see what's comes along
https://twitter.com/cpec_official/status/1770338687475122480
china stands ready to work with ****stan to build an upgraded cpec: chinese fm spokesperson
maybe this could explain the interest somewhat.
I'm still paranoid 😂, I will wait to see what happens before adding more. I could half my sp.... this is a killer. Do I, or just wait.
Gone through at 0.040 on my watchlist, showing as 33.33% up - there must be an RNS logged I reckon!
0.04p
Nice buy gone through! Could we be seeing a slight upturn?
It can but Oracle Power only own 30% with the Sheikh fronting the other 70%. The majority of the Oracle Powers placings have been to front our 30% of Oracle Energy, which is only leading the Green Hydrogen project.
ORCP still needs funding for overheads, wages, THAR and possibly Northern Zone, how small or large they may be
My hoping is once we secure funding for the green hydrogen project, Oracle can take a premium payment in the millions, to limit future dilution
That funding can come from Oracle Energy though right? a vehicle that's completely owned by us in order to prevent dilution.
Going up again. Maybe there is something we don't know just yet...
To be fair I am surprised we haven’t seen the raise by now if I’m honest , but I’d be even further surprised if we don’t get one
With financing on Green Hydrogen not until the end of 2024/start of 2025, plus we’ll have to start contributing to 20% of NZ potentially this year, this company is going to need more money
I’m content with the fact we’ll continue to raise, that’s just part of the game. But it’s in the manner Naheed executed it last time, it was an absolute shocker, and that’s when the share price was more than double what it was now. Raise with a decent negotiation but more importantly, show us the progress that has been made, and will continue to be made moving forward. Show us exactly what we’re investing into.
She may have secured alternative financing some other way but I personally can’t see us at that stage, yet. With GCM dropping big news lately with Power China, it would be outstanding if we secured something similar at THAR, with our MoU, something they had in place over there too before committing $1B
I can't help feeling that we've already passed the point at which we would have done/needed a raise. I take that as a good sign. Looking forward to find out why. There are many of us who need a minimum of 10x, just to get back to even.
My worry is that now the sp is moving again, expectation is building and if it comes to nothing other than another raise, the market may never forgive the constant destruction of the sp to this point. The repurcussions would go through everything we try and do in the future, with no one willing to trust us. Seen it before and it's a slow death.
On the bright side, a piece of good news could give us that 10x, which may be just enough to save us. Things have been dragging on for far too long. Come on Naheed, pull it out of the bag!
I wonder if the MM's did the same at GCM! Its gone from 0.9 to over 9p in just over of 3 months!
Probably MMs trading with each other to trick us.
The last time there was a placing the SP declined from around .1p to .07p with lots of forward selling before finally dropping to .035p placing price and below - this is totally different hardly a sell in two days and looking very strong
Let's hope so, the last time I saw it rally up was followed by a placing so slightly concerned.
Disclaimer, I have no clue what I'm doing 😊
. Similarly, our green hydrogen interests, which are being advanced in joint venture with His Highness Sheikh Ahmed Dalmook Al Maktoum, continue to move forward promisingly, including the recent registration of the project under the Verified Carbon Standard programme with Verra. His Highness and I were also extremely active during the Dii and COP28 Conferences and we continue to work towards finalising off-takes. One of our prospective off takers, EGA, was expected to finalise its off-take commitments at COP28, but since its decarbonisation programme has yet not been finalised, this will be addressed after their internal strategy is firm. COP28 was an important trigger for a quicker global energy transition, given the commitment made to move away from oil and gas. We expect that this shift will translate into greater financial support, more conducive government policy and firm decarbonisation commitments by industry across the globe."
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Interesting from late jan
"it's ticking up on every small buy which means there's no shares around" - Yes, it means there is an incredibly low liquidity due to lack of interest, generally not a good sign
"a placing seems increasingly unlikely - funding from some source, either a strategic investor in the green hydrogen or a green finance grant seems likely" - Haven't people said this through the last placing(s)? We can only speculate, I'd be interested to know what gives you such confidence though, am I missing something?
Sheikh fasting....the share price has been fasting for the last 14 years!
The sheik Fasting.... Hopefully after EID this can give us some hope. Guess things can only get better. I wish ......
at least its still alive
.
What on earth are you talking about? You could write the worlds best novel.
there seems to be a buzz developing around it again - big news coming from ****stan on a number of fronts soon imo, but whatever the reason it's ticking up on every small buy which means there's no shares around and a placing seems increasingly unlikely - funding from some source, either a strategic investor in the green hydrogen or a green finance grant seems likely
What action? It's 10k or so worth of shares trying to read into that is like reading into Tesco selling 8 extra cans of baked beans one day. It's just noise.
Why the interest in Oracle today I wonder. For weeks there's barely been any shares changing hands and then today it's picked up for no apparent reason. Appreciate the value of shares trader is tiny but in comparison on previous weeks, it's something? Any ideas?