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So new share allocation is 4,870,000,000 and if they decide to exercise the option for 100% of it, that’ll take total shares in circulation to just under 6,000,000,000. And this is before we see any kind of financial raise to keep the company going.
Within 12 months that figure will be 10,000,000,000 plus with everybody’s holding seriously diluted. No strategy here, prioritising GH and raising millions of £s whilst us PI’s lose Tens of Thousands (literally), to then go and acquire a different project we just can’t afford.
Enough is enough Naheed, come out from hiding and tell us exactly where we are up to with THAR and GH and when the rewards are coming. What a joke
Said this a while ago, if you got a new job and over a steady period of time, you lost 95% + of that companies Market Value, you’d be lucky to still be in a job.
I recently did a post about the achievements and milestones so far in GH, and to some extent it still seems to progressing. But the sheer Radio Silence, and shareholder awareness of where we stand long term with this project, is totally not acceptable, combined with the high rates of Dilution
She really needs to perform better and show more of a responsibility towards us.
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
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
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
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
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.
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
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
- Fundraise. Can't see it being too far off now unless they've secured near term funding in another way
- After yesterdays GCM RNS with Power China, could something materialise with THAR?
- Gold news/drilling from NZ?
- Funding for Green Hydrogen
Coming up to the end of Q1 now and it just feels like we're floating through 2024 with dilution feeling imminent. Hoping Naheed can soon ease those concerns and give us some guidance, or is that asking too much?
brilliant rns for holders yesterday, not invested myself but good to see small cap companies releasing real, company valuing news. waiting on our mou with power china and oracle to materialise in the near future in ****stan with it's thar coal project and hopefully follow a similar path
good luck all
Yeah and looking back on GCM RNS reports, it all started with MoU's, followed by an MoU extension with Power China, which obviously is the first kicker and sign of something progressing.
https://www.lse.co.uk/rns/ORCP/mou-for-132-gw-coal-power-plant-8211-thar-block-vi-x4zw3vntwjbds3r.html
This was our MoU for an initial 12 months which will be up in May so I guess we'll soon find out if an extension is on the cards, any developments or it all amounts to absolutely nothing
if power china are serious and looks like they are with the $1b commitment with gcm in bangladesh, let's hope they follow suit with us in ****stan
"tuesday 16 may 2023
oracle power plc
("oracle power" or the "company")
thar block vi - mou to develop 1.32 gw coal power plant
oracle power plc (aim: orcp), a developer of energy projects, has signed a memorandum of understanding ("mou") for the off-take and development of its 1.32 gw thar coal fired power plant in the sindh province, ****stan, with the following consortium parties (together, the "parties"):
· energy department, government of sindh ("sindh government" or "sem")
· thar electricity (private) limited ("tepl"), a 100% owned subsidiary of oracle power
· k-electric limited ("ke"), the largest privately owned vertically integrated power utility in ****stan
· powerchina international group limited ("powerchina international"), a leading hydropower, electricity, and infrastructure construction company "
"The Company advises that working under the coal mine development MOU with Power Construction Corporation of China, Ltd. ("PowerChina") (refer to RNS of 28 November 2023), it has signed a contract with PowerChina International Group Limited covering mine development works of approximately US$1 billion necessary to facilitate coal extraction at the Phulbari Coal and Power Project ("the Project"). The advancement of this Contract is subject to receiving the approval of the Scheme of Development for coal mining submitted to the Bangladesh Government under the terms and conditions of its Contract for "Exploration and Mining Coal in Northern Bangladesh".
Yeah exactly. I mean it’s not like your actually your asking for the world, you want timelines.
The big one will be project revenue. If the projected CAPEX is going to be around £3Billion, your revenues would presumably trump this number. It could bring in £300-£400m per annum for a 20+ year lifespan. And Oracle in some way or other are going to recieve their pound of flesh. Or a “premium” for our work in the development. Tell us what !!! Even that alone could be a lucrative one off payment. Give us a clue haha, something to get excited about holding in the future.
I’ve never witnessed a company I’ve invested in go bust, and I don’t wish to see that in any form here. But if we’re going to reap our rewards in 2-3 years from now, im getting extra worried about bridging the gap between now and then with the rate of dilution we’ve witnessed and share price implosion.