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Started: Naheedout, 12 Jun 2024 09:52
Last post: DamayHill, 17 Jun 2024 09:08
For anybody who does their proper homework and decides this is worth a punt, nobody should try to talk you out of it because it's your money and your decision. But I would beseech anybody thinking about making an investment not to do so just because some stranger on a forum has made some positive remarks (and has therefore probably not done much homework here).
takeachance1, as for Block 6, are you aware that everything you say has been true for several years, during which time there have been numerous false dawns and zero progress?
‘ Companies wind up every other day. Whats your point?’
My point is there is no money to be made out of green communism and sustainable/renewable energy.
Here's some more 'scaremongering' for any newcomers, just be warned from an investor who has been here for a number of years (and seen their investment decimated) that it appears the CEO has absolutely no respect for shareholders and IMO no conscience whatsoever.
Scaremongering
Companies wind up every other day. Whats your point?
Started: takeachance1, 17 Jun 2024 07:27
Last post: takeachance1, 17 Jun 2024 07:27
work is also ongoing in block 6. as much as 1320 megawatt electricity can be produced from this block alone. only from this block ****stan can get 1 billion cubic gas, which can be acquired on daily basis. here it would be important to mention that gas reserves are fast dying in ****stan. the fertilizer urea which is made from gas is also diminishing. it is assumed that by 2027 its production will be decreased by 2.6 million tons. in block 6 in thar coal initially 8 million ton coal annually can be produced which can later be more in quantity even. it can be hoped that by next two to three years this project can be operational on commercial basis.
https://x.com/flannybluebird/status/1802472307752882565?s=46
Last post: Spank.theMonkey, 12 Jun 2024 09:26
I don't suppose the sheikh is too worried about his investment here, perhaps he's forgotten about it.
Oops, no idea where you get the 35% from. Clearly stated in the holdings rns last week that they now hold 19.8%. That has now reduced following the copper acquisition, i calculate their holding now at just over 17%.
Also of note is that Peel Hunt now owns close to 35% of this business. And I really do wonder why they'd do that... As well as what the Sheikh is doing now he's no longer the primary shareholder, must've lost millions on this.
I see no progress in pk based projects , based on my earlier 'China' post, also largely reinforced by 'bahriaheights' post. Australia is where the potential lies.
In pk the Chinese are owed hundreds of millions $ on cpec projects , IMF are asking pk to renegotiate cpec loans , hardly an environment to expand your portfolio.
on another point over capacity on electricty production , with fees even if electricity not consumed, massive power cuts because even if affordable electricity produced , no way to effectively transmit it to users.
fantastic opportunities but such a broken system
Next raise will take the shares in circulation to the lovely 10,000,000,000 Mark, out of control
Get THAR/Green Hydrogen Over the line - Increase Company Valuation, raise future funds on much better terms and expand your Portfolio Accordingly. Like a Car Manufacturer Designing a new Top of the range Vehicle but before being finalised, start another 3
Last post: Bahriaheights, 11 Jun 2024 13:21
i'm in ****stan and the news here is china is not investing any new projects except the ones that agreed in the past. ****stan needs to reduce debt and introduce tougher austerity measures and start paying back those loans. country lacks stability and confidence in existing administration imho
Guys
looks like the China pipeline has dried up
JCC a few weeks back, sherbert the pk pm has gone to china , met by a deputy mayor of a forgettable city.
No announcements of dept rescheduling , no new projects, lots of MOU's, one from a metal coating company to invest in AI?
Whats your views, specially those with a Pk connection?
Started: lennyhan, 5 Jun 2024 20:09
Last post: Naheedout, 7 Jun 2024 20:12
Many times before.
Only problem is we've heard "game changer" before - until there is an appropriate valuation of any of the assets...there's nothing but hot air here - I've been holding since 2018 so less than impressed so far.
All samples have been submitted to ALS Kalgoorlie for assay and results are expected to be received and announced in early July 2024.
Not long to wait for these results could be a game changer 🙏
GLA
Started: lordsidcup, 31 May 2024 08:28
Last post: Naheedout, 31 May 2024 16:38
If I had a quid for every time this clown had said “this must be it” and been wrong every single time, I wouldn’t have to gamble on AIM!
Keith have you no shame?
So the PM is off to China to facilitate investment in 13 key areas including Thar coal to urea and fertiliser - with our project already majority owned by a Chinese company surely this must be us
https://www.thenews.com.pk/print/1195105-13-areas-identified-for-chinese-investment
Started: AmatraB, 30 May 2024 11:13
Last post: AG1989, 30 May 2024 12:05
Taking a little longer than expected but full due Diligence being carried out. Drilling, prospect and then JV the rest out at a later date
- Coal: - Thar Block 6
- Hydrogen:- Green Hydrogen project
-Gold:- NZ JV
Copper/Silver:- Potential Acquisition of Blue Rock Valley
Certainly Diversifying with the Portfolio. Realistically, how many of these projects can Naheed get to the finish line? Gold progressing currently with RiversGold but the next steps after a Resource are crucial to see what long term benefits can, or cannot be made there. Green Hydrogen Project milestones being hit and imo will get to the finish line, what we'll be left with is anyones guess right now. And then THAR, the Potential Multi Billion $ Asset which would change everything here. Hoping to see an extension to the K Electric MoU from last year + Power China but its bee Quiet on that front
Can't help wondering why we would need an extension to make the decision. Waiting on another piece of news perhaps?
Last post: Legalwolf, 28 May 2024 10:29
AG - that's what I thought when I first read it. Probably needs to put out as much newsflow as she can because of the placing. All imo and GLA
Downwards
Seemed a bit pointless. Already had 2 RNS about this and last weeks revealed a drill would arrive this week
Let’s hope the results are good. Interestingly nothing yet on the copper Acquisition with the 45 days period expiring.
Have you been carrying on the Bank Holiday drinking?
This is going to be off the chart.
Brilliant :) Welcome back (again)
40,000,000 shares bought since 2 PM, when the RNS came out. Market seems to like it
Terrible decision making on ORCP's part to sell this project dirt cheap. The amount of money that ORCP have wasted on its other projects is far more than what Rivergold are spending now to drill this project. ORCP could really have developed this resource by now and benefitted from this bull run in gold, instead of being the minority junior partner to another junior. If anything comes of this project, it will go down as one of the most terrible and short sighted JVs in AIM history, but no doubt the CEO will claim it as a great success. All imo
Good News, next step hopefully a Resource Estimation, maybe over 1Moz, maybe below but good to put a number on it all finally to keep it growing
Wow, an RNS that says we (OK, Riversgold) are actually doing something, let's hope it goes well.
Started: AG1989, 21 May 2024 23:57
Last post: AG1989, 24 May 2024 11:13
https://x.com/plancom****stan/status/1793921619166900593
"🇵🇰🇨🇳#13thjcc: ****stan looks forward to transforming huge coal deposits into green energy through coal gasification
planning minister prof ahsan iqbal highlights that mining in #thar has significantly contributed to ****stan's #energy_security and economic growth. he said ****stan now looks forward to transforming huge coal deposits into #green_energy through coal gasification.
the development highlights the commitment of both nations to sustainable and mutually beneficial development.
#cpecphase2 #pakchinafriendship"
the 13th jcc today
it's just been extremely vague from the companies perspective, i understand they're governed by regulations, so whilst there are external issues (ie nepra approval), there's limited to what can be reported to the market. but there does look like some movement in the background. how remotely vague or progressive this is, we're yet to see?
in the initial mou, it talks about the power plant being relocated to k electrics land at port qasim, karachi. the thar coal fields to port qasim, karachi is around a 5 hour drive for my initial thoughts were is it too far? would k electric just get a seperate supply, closer to the port?
but this article seems to insinuate the coal would still be coming from thar and our block, with the relocation 5 hours away
https://www.brecorder.com/news/40245581
"according to the letter, this is the last cpec coal to power project, and considering the increased restrictions imposed by the global financial institutions to develop coal power plants, this cooperation arrangement to develop the project presents the best opportunity for ****stan, to further develop and utilize thar coal to generate inexpensive power.
both companies are of the view that the inexpensive base load power generated from the indigenous coal power plants is a pivotal requirement to curtail the burgeoning electricity price and stem the outward flow of foreign currency from the country. ke stands to be the largest power buyer in province of sindh, as well as the most favourable off-taker for chinese financiers, for supporting new power projects.
ke is currently in the process of finalizing its long-term business plan to cater for the ever-increasing demand in its system. in order to meet this rising power need of the city of karachi, ke plans to optimize its fuel mix through inducting a combination of renewables and base load plants, based on indigenous resources including local coal. it is projected that the requirement for new base load power will arise from the financial year of 2028-29."
and when you consider the level they currently import from other countries, transporting it from thar i don't see as an issue.
Good work AG, interesting. 33% wow, that would be massive.
Definitely LTH. The NEPRA approval for KE, would tie in with other pretty significant projects for them, but if a deal for Block 6 could be inclusive within that (PAP), it would be pretty ground breaking for Oracle Power, and it’s shareholders.
If so, you’d imagine to see some kind of MoU extension in the near future, otherwise it would amount to nothing. Interestingly, Power China (also involved with the MoU), were executed in an MoU extension at GCM resources recently, prior to them committing $1Billion for a coal mine
(https://www.lse.co.uk/rns/ORCP/mou-for-132-gw-coal-power-plant-8211-thar-block-vi-x4zw3vntwjbds3r.html)
I remember how well that RNS read and got the juices flowing, it has been disappointing to not hear any more about the project since.. Especially as the Mou has or is due to expire any minute.. Hopefully the NEPRA approval for K-electric acquisition program brings Thar funding a step closer. Do we think the ownership %'s are accurate? Last i heard i thought we were going to have 12% of it, 33% sounds incredibly good, if accurate.
Started: AG1989, 21 May 2024 21:20
Last post: AG1989, 21 May 2024 21:20
Https://www.lse.co.uk/rns/ORCP/option-to-acquire-copper-silver-project-j6bpjpgo3zmuqqy.html
Would be when the 45 day option expires ?
£200,000 payable in shares.
Challenging myself how many times I can say the word “see”
I see the Loi has been extended too, good news but a necessity in continuing the process
I see this MoU is now out of date, regarding THAR BLOCK 6. 16th may - Hoping to see a delayed extension in the near future, something GCM did not long ago before receiving a $1 Billion commitment
https://www.lse.co.uk/rns/ORCP/mou-for-132-gw-coal-power-plant-8211-thar-block-vi-x4zw3vntwjbds3r.html
They'll flip them at first opportunity.
Am I reading this correctly Peel Hunt own 23% of the company , if so , someone is confident , or am I missing something?
Started: news, 18 May 2024 15:22
Last post: AG1989, 20 May 2024 12:07
It used to be weeks, but post covid you were talking 3-6 months in some cases with such a high backlog
Probably would have eased off a little since
Any knowledge/idea how long it usually takes to drill and get the results with 2 rigs in operation?
Gold has broken the high of $2,442 [Link: https://uk.advfn.com dated Tues, 20 May 2024. THE NORTHERN ZONE DRILL is to start this mid week in Kalgoorie, Western Australia. 2 rigs will be deployed to fast track. The drillers are DDH who are big time drillers who drilled Havieron for GGP. I recall that Newcrest also uses the same drillers? The SIZE of the resource definition is significant and the PREVIOUS round of drilling showed 100m thickness. So, this drilling is to GET OUT A MAIDEN RESOURCE STATEMENT per RNS? Nothing to do with Naheed who is not in charge of the Northern Zone drilling.
As the ORCP mkt cap is so low, the Northern Zone asset can provide a uplift to ORCP. Moi? Tues, 20.5.24.
I think the trouble here is that nobody has any confidence in Naheed to deliver or complete on anything, regardless of the potential of any one of the projects.
RGL on the ASX is drilling the NORTHERN ZONE, Kalgoorie, W.Australia next week fast track with 2 drill rigs.
I am watching RGL as they are the JV partners to ORCP.
Read the SP Angel note: "MKTS SPOOKED", "Chinese going for the SAFEST OF SAFE HAVENS" etc. In line with news last night of the M.E situation etc. Tues, 20.5.24.
Safe haven? GOLD, hence why up to record price etc.
Https://twitter.com/DavidLenigas/status/1792493835441889432 Tues, 20.5.24
ORCP Mkt Cap : £1.31m @0.02p.
Last gold boom in 2010 saw prices of juniors rise, hence good time to drill and get our a resource statement given few juniors on AIM in Tier 1 jurisdiction ie Australia.
Started: news, 17 May 2024 21:44
Last post: news, 17 May 2024 21:44
Tweet sent to @Naheed_Memon [CEO of Oracle Power], @ZaksTraderCafe @zakmir. Fri, 17 May 2024.
[Screenshot of ORCP RNS shown of NORTHERN ZONE drilling next wk starting.]
Started: news, 17 May 2024 09:14
Last post: news, 17 May 2024 09:14
Riversgold Ltd, ASX is the JV partner to ORCP in next week's start of drilling at the NORTHERN ZONE, Kalgoorie, W.Australia.
Riversgold went up the 2nd day since the drilling news announcement +11%. The top post on the Riversgold forum in Oz is about the NORTHERN ZONE vs SATURN METALS, ASX AT APOLLO.
"Comp Sheet passed by brokers in Australia to each other: Riversgold $9m Mkt Cap, RESOURCE TARGET: 200-250MT ===@0.40-.06 g/t au === for 2.5-4.8 MOZ GOLD. ==
STN [Saturn Metals, ASX] $54m mkt cap , 93.9Mt ==for 0.54g/t au == 1.64 MOZ of gold with $388m NPV.
This is SIGNIFICANTLY LARGER RESOURCE POTENTIAL===WITH 2-3X MORE GOLD AT A SIGNIFICANT DISCOUNT."
Pdf of Apollo Hill comp [Saturn Metals] given in the post on RGL [Riversgold, ASX] on Hotcopper."
https://hotcopper.com.au/threads/rgl-comps.80077178/ dated Fri, 17 May 2024 by baybull, Australia.
My comment: 2 drill rigs will be utilised to fast track drilling. From reading the RGL announcements etc, the driller appears to be DDH, the same driller for GGP's Havieron, Paterson. W.Australia. Nice. By the way, Apollo Hill @Saturn Metals, Oz has been the comparative as it is closer to Riversgold's NORTHERN ZONE and mentioned on Twitter etc.
Started: DrRemington, 17 May 2024 07:37
Last post: DrRemington, 17 May 2024 07:37
So two positive RNS’s follow the placing two days in a row… like I said, this drop was engineered to get someone cheap shares. The warrants attached at the price the share price was at the time to take the edge off it abit.
Started: news, 16 May 2024 14:05
Last post: news, 16 May 2024 15:49
As ya know, Ed Meads came from ARV, then to RGL & assigned to ORCP.
To be fair our point of call was Ed Mead, our Geologist in Australia with bags full of experience in the field. I think we held our own. We've raised money for GH on some shocking terms, but we've probably raised north of £3m so far, so it is possible. I'd have like to have seen a few more drill campaigns, delineate our own resource and potentially get a stronger JV but it's not the end of the world, and, NZ is being progressed
Its a good job he likes Naheed. Cos Broker...asked for a project or get a project and run it with him = NO.
So, thankfully, he likes Naheed, ORCP CEO. LoL.
Most importantly of all, AFTER THE DRILLING DONE and Maiden Resource issued, it is WHAT TO DO WITH THE PROJECT. Ah, ORCP does not have that type of M & A contacts in Australia. Also, RGL is getting a lot of publicity in Australia ie STOCK OF THE DAY COVERAGE, Stockhead.com. au, Proactive etc. So, AUSSIE PROJECT with Aussies and Aussie INVESTOR INTEREST. Cant run it from Britain and no one would be interested without AUSSIE GEO EXPERIENCE & CONTACTS.
To be fair, it kind of was gifted to ORCP, £90,000 + plus a share package, and to retain 20% moving forward is better than moving the project on Completely. Its in a brilliant jurisdiction and i think with the current drill Campaigns, Riversgold will have completed their earn in, or not far off it, establishing the 80:20 JV
Started: news, 16 May 2024 14:46
Last post: news, 16 May 2024 14:46
Https://www.youtube.com/watch?v=OIWvSG7jylg
"Depth drilled previously to 450m. Found exact grade, depth etc ie MODEL. Prove model. Now, KEEP DRILLING ,add tonnage. Add resource. 0.50-0.6g/t gold - BODDINGTON mentioned which is a massive gold mine ie these typical grades. Gold, Central Bank buying and Chinese buying, latter not stopping. He spoke to Gold Council and USA/Brits... INFRASTRUCTURE ie road etc. Interesting.
Started: news, 16 May 2024 13:43
Last post: DrRemington, 16 May 2024 13:48
Major drilling campaign finally started. The more I think about it the more I think this placement was engineer to let friends in on the cheap before news flow starts. The warrants that are there also back this up. Hopefully fundings sorted into next year along as the warrants get exercised. Good old AIM. They should have a maximum discount for placings like they do on other markets, like TSXV is 20% for instance. No ceiling encourages curruption.
"With an exploration target of 2.5-4.8 moz gold, it is potentially LARGER than SATURN METALS, ASX which has a resource of 105Mt @===0.54% au gold=== or 1.84moz==of contained gold. Rivergold, ASX -ORCP JV has "true width of 100m."
"Prime objective is to publish MAIDEN JORC and BUILD on those no's with STEP-OUT DRILLING." https://www.stockhead.com.au/resources/riversgold-gears-up-for-kalgoorie-gold-hunt-with-drill-ready-to-rock-at-northern-zone/ 9 hrs ago, Thur, 15.5.24 ["FAST TRACK DRILLING].
RIVERSGOLD, ASX: On the announcement of drilling to start next week, Riversgold rose 42.86% and featured on Finance News Network, "STOCKS OF THE HOUR " in Australia, 10 hrs ago, Thur, 15.5.24 https://twitter.com/Riversgold/status/179093642984436797 [Short vid]
SATURN METALS, ASX [mentioned above as the nearby deposit]: MKT CAP A$53m https://hotcopper.com.au/asx/stn/
[175km Norther of Northern Zone @Apollo Hill with PEA 105Mt @0.54% cu gold @1.83MOZ GOLD.
RIVERSGOLD-ORCP JV: 9 May 2023: "Riversgold drilled 4 holes for 1,379m to test the exploration model of 100m wide gold mineralisation. The RGL [Riversgold] CONFIRMED the ORIGINAL MINERALISATION MODEL, style, width & grades."
https://twitter.com/Riversgold_Ltd/status/17908928227423396 16 May 2024 [Drilling to commence next week at Northern Zone."]
ORCP: Mkt cap: £950,000. Share price: 0.02p. Thur, 16 May 2024.
Started: Jamesp21, 14 May 2024 17:24
Last post: William_Walton, 16 May 2024 08:34
St.JohnSmyer. Thank you. My own connection is regional and in the fertilizer market.
Industrialists, institutional investors and analysts that have eye for Asia energy sector. Not the City bucket shop punters that are financing this company to date. Please do not delude yourself to think that urea production will be produced from Block 6.
i have a property portfolio in ****stan in various gated communities. some of these communities are illegal and do not have noc's as they are hard to obtain due to the length of time and other bureaucratic reasons and most of these illegal housing communities are either demolished or embroiled in lengthy legal battles and i have seen some of them take up to 5-6 years.
to get an noc is an important milestone for this project as funding would have been disclosed to regional govts. pak regional authorities will not give you noc without any financial backing. what i dont understand is why hasn't the financial backers not been disclosed to the market yet?
Legalwolf - " ... these fantastical projects exist only on paper ..." The best I can tell you is that people in global fertilizer trading do not think that urea production on block 6 exists only on paper.
St.JohnSmyer - " ... I have been told by my City insiders ..." This is interesting because what I am hearing is the opposite. The opinion you have outlined is definitely not universally held. Would you mind if I asked what section of the City your opinion is coming from?
Still a huge gamble. Make a loss on your £300k investment for a 12 month option on warrants 40% above todays price.
Especially when you consider the historical share price trend after a raise. It’s obviously that gamble of news being mega close and if this ever saw 0.1p/0.2p etc in the next 12 months then those warrants are a license to print money.
Time will tell but a huge gamble:investment for those involved.
I agree Paul, they are big buys in regards to the price vs market cap. 32m,25m,17m, 12m. I think this drop has all been engineered, if we see director buys soon ish around this price then it all makes sense to me
The people that took the placing will be very keen to sell the 0.018p shares even at a loss and just keep the warrants
What I am saying is the quantity of shares bought or sold today is huge compared to recent times!
So you do not think this is a large quantity for this share in the recent months/years??
I am well under water and accepting this share is f.....
One needs to consider the value of the trades not the number of confetti shares, I think that's what Paul is looking at....32 million shares isn't that much in terms of value, the whole business is worth less that a 3 bed flat in London.
Roll out the body bag, this turkey is done.
Last post: Magnum.PI, 15 May 2024 09:53
Thanks Zan. Fully aware of the mechanisms available to shareholders.
The point is that a CEO who has overseen the huge devaluation of the company they are running is a catastrophic failure of feduciary duty. Therefore her tenure should come to an end.
Magnum,
Not that I would reccomend it as I feel it can have more negative effects, but if you get enough holders together and a plan you can call for a EGM to vote to replace Naheed in her role.
Not a route I favour but stating for clarity.
Completely agree with you on every point here, but what can be done?
I think finally something needs to be done. Ever since the introduction of this project, the share price has bled and bled and bled, and continues to do so
Unless a £100m buyout comes in once we secure financing, I can’t see this getting much better. How far down will she take the share price before we finally get the news and timelines she has promised us ? We were probably sat on a £20-£30m MCAP when she introduced this 18 months ago, and this is our flagship project 😂
She’s out of her depth. These terms for Oracle Energy after all of this better be mouth watering, block busting, Wall Street smashing terms.
If we knew those terms, or a had an inkling what we were expecting it may ease a few concerns, but we have no idea
How do you intend to vote Naheed out Magnum? With dilution of shares comes dilution of voting rights...
Started: UpsDowns, 15 May 2024 09:07
Last post: Oops_, 15 May 2024 09:14
Thing is, fund raises aren't necessarily a bad thing, but they keep being issued at lower than the current share price... If Naheed has such great value to offer, why is an investor only willing to buy at 0.0001p per share.
I'm under here. So many promises and expected letters of intent. More than matched by further fund raises for Naheed.