Member Info for AG1989

just from the twitter group, good find really. we signed an mou with k electric

https://www.lse.co.uk/rns/orcp/mou-for-132-gw-coal-power-plant-8211-thar-block-vi-x4zw3vntwjbds3r.html

this was regarding thar block 6, with k electric, government of sindh & power china international group

but on a project pipeline of theirs, it has the renewable green hydrogen as a possibility, for $400m ask & 15% irr, and when your dealing with a potential $2-3b build, these figures seem accurate enough.

did we sign an mou with k - electric for the ghp and i've just missed it along the way, or could these be a potential partner in the background regarding the green hydrogen project?

https://twitter.com/undp_****stan/status/1788626044070646002/photo/1

did we sign

Https://www.londonstockexchange.com/news-article/ORCP/grid-study-for-renewable-power-plant/16456101

“ This Study will complete our feasibility study package for the Power Plant and will be instrumental in propelling us into the FEED stage. ”

Looks to be the last one.

I think it’s all building up towards financing and funding, I think certain boxes are being ticked and I’d like to think this would be the last steps before financing. But we don’t know, there have been additional steps added along the way, or steps not relayed to us. Just tell us, it’s A —-> Z, these are the start and end points, what is inbetween ?

It’s not the concern of if the GHP gets over the line for me, it’s in what state and condition you’ve sacrificed the share price at in that duration which is the major concern. Will the long term holders (2 years +), who are 98% down and have stuck with the company, will these see their money back? I doubt it

Any thoughts ?

https://twitter.com/ZaksTradersCafe/status/1783030456499204373

It would make sense, I just remember a long time ago Naheed stating they’re in ongoing talks with possible investors, which they probably were. But now all of the studies seem to be completed and we’re entering the design FEED phase, funding (hopefully) seems ever so close.

Recently completed:

- technical and commercial feasibility study - China Electric Power Equipment and Technology Co., Ltd. ("CET")

- Technical & Commercial Feasibility Study for Green Hydrogen and Green Ammonia Plant - thyssenkrupp

- Environmental & Social Impact Assessment (ESIA)

- Geotechnical Study and Electrical Resistivity Survey (ERS)

- topography survey report

Hopefully a few others have submitted that Exact question Zan. What will, and how will shareholders benefit long term ?

She’s talked about getting a similar deal to what we got with NZ, or a large JV taking it forward where we would retain “X” percentage. But she’s also talked about is receiving some kind of “premium” long before construction is finished ? So which one is it? Or both ?

It’s 3 years in October since this development/project was launched, I think we’re within our rights to know the above.

Yeah I’ve been a little disgruntled lately with it all but nice progress being made in recent times across the board and more and more talk about securing funding soon for construction to begin

Keep up the momentum and work on getting this across the line and Il be happy

Zan, I totally agree. I used to take these with a pinch of salt because after all, it’s a recap and round up of that quarters events which can all be found anyway in the RNS page

That said, Naheed used to stamp her own touch on proceedings and seemed to give a bit more, not this time though. Not particularly looking forward to the Q&A but I’ve submitted a range of questions.

That completion of the GH feasibility study was lame. No details, no in-depth talks or analytic point of views from the company. Just nothing, something I’ve not experienced with other companies and to be quite honest, since they point, I’m still none the wiser.

Probably the most Vague Quarterly Update I've ever opened, but not much has happened really

Questions already submitted

Panda - 100%, it works out better for the Seller of the asset, but would mean Oracle dishing up more shares

But it's all T&C's, 45 days away and whether the board actually pull the trigger in the first place. Watch this space i guess

Possibly but if the price was lower, couldn't they just renegotiate the £200,000 in an Equivalent share sum?

" the Company shall pay consideration of £200,000 to Mining Equities, through the issue of a further 913,242,009 new Ordinary Shares"

Because lets be honest, in a 45 day time frame, the share price is certain to fluctuate from what it is now

Yeah no problem, my initial own (Cynical) worries were that they've acquired it because they've had short comings elsewhere in GH and need something else to progress, but who knows.

It's the financial aspect, not just for the company, but our holdings I'm concerned about. If they pull the trigger on this, it'll take the Shares in circulation to 5.7 Billion, and if we're on the brink of another raise, that number would clearly pass the 7 Billion mark.

Just make sure you all get your own questions in for this Q&A, ask the right questions and see if she gives us what we want to know, and not what we want to hear

Yeah no problem. I thanked them for the reply and said I'd rather us work with the CEO, than work against her but it was just Enough for me the other day, The Comms and understanding of our current situation with Green Hydrogen needs addressing and i'l be using the next Q&A to clear this up, and a couple of other factors moving forward

"

​

You

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Dear Mr Griffiths,

Thank you for your email and for sharing your concerns and feedback.

We recognise your frustration with regards to the share price and it is certainly a frustration shared by the board. The Company is a project developer and is focused on mitigating investor risk through a portfolio of assets each with the ability to deliver future value for shareholders. The acquisition of the Blue Rock Valley Project advances this strategy, providing Oracle, and its shareholders, with another opportunity to implement a long-cost exploration programme through which to demonstrate the resource potential of the project, and develop (potentially through JV as with Northern Zone) to guarantee exposure to the asset as it moves through the development curve towards production. This strategy is the core pillar of Oracle’s business, and ensures multiple assets are advanced in parallel to maximise future value and mitigate risk.

Naheed addresses shareholder questions on a regular basis, and we will be conducting another session in the coming weeks, so please do share any specific questions that you would like Naheed to answer.

The Company remains grateful to you for your most valuable support and acknowledges your interest.

Best regards,

Susie"

LW - I was starting to think the same for while but I'm not sure. All Ground work Surveys now carried out and the majority of steps cleared before the tackle the next FEED stage & Funding parallel to this.

Naheed has talked about a number of steps before the FEED stage for a long time now, and financing. Well as stated in the RNS, that time is now. No more delays or places to hide. The Design stage is the next step so we'll soon see if there's any substance to it. I sent an email to the company on Tuesday and recieved a reply today, more with the frustration of COMMS and not knowing where we stand with the GH project. Time to walk the walk or sink

The issue is, if she would have put the £2m+ she raised for GH, into the NZ project, she’d:

- still have a job anyway

- have more credibility advancing a project

- would still own 100% of it (we still do until jv is complete)

- would possibly have a multi million oz resource

Spinning these new projects and moving on to the next is just going to be a disaster. A very strange announcement today leaving more questions than answers.

The worry here is how low can the share price sink, until we get that news.

I have no doubts that one day this can, or probably will go on a 1000-2000% bull run. It has that potential, but at that point, the share price will have been driven so low, most of us won’t see those kind of returns, and at that point, will just be minimising our losses. It’s putting shareholders interest, and holdings at risk, for the sake of eventually smashing one of these projects through and moving on ? That’s warped.

She’s running a company that is listed on the stock market and since announcing the Green Hydrogen project 2 years ago, the MCAP is down over 95%. Enough is enough. Deliver or move on. Simple

I think il rely on an official Company RNS, rather than local journalism who have been talking THAR coal up for years.

STM - I’d do that soon if I was you because that Chinese takeaway will soon be a bag of monster munch

Has something stalled with the Green Hydrogen project , have they encountered some stumbling blocks they wasn’t expecting or is that just a very cynical way of looking at todays RNS ?

It’s not even about the Copper asset, we’re just not positioned in any kind of way to take on any other kind of project financially. We just aren’t, hence why we put Gold on the back burner, to focus our attentions on Green Hydrogen. And yes, we have JV’d the Gold out, but the terms were really not that appealing.

Ongoing studies, and not heard much for 5/6 weeks, and then we go and acquire a brand new project in Western Australia.

Something smells fishy here and it may just be a little bit of anger creeping in (I hope I’m very wrong and we progress this soon) but I’m losing patience with the CEO.