Member Info for AG1989

The problem for me, as shareholders, we all seem a little lost, and in the dark, whilst maintaining this blind level of hope that we’re eventually going to be integrated into this multi Billion £ Project. But what comes next ? What’s the projected revenue ? What will our % be ?

It’s supposedly a 2-3 year build with production some time in 2026. And we’ve all of a sudden found out there’s a £6m development/pilot plant which is going to come first ? (Didn’t find out in an RNS though)

The Gold results for me where positive and in line with previous exploration. But even then, they’re hoping for a JORC resource early in the new year after more drilling. That kind of milestone for me won’t be hit until at least H2

We really are in the dark, even with the completed Feasibility study. If you are racking up interest Naheed and bringing in the big guns, fantastic but you have a duty of care and a level of responsibility to your shareholders.

The AIM has been wiped out these last couple of years, ORCP are not isolated. But those companies with anything about them (EEE for example), if you can prove to the market and showcase your actual potential, it’ll take note, stand up and the share price can recover. Since Naheed took charge, 93% of the companies valuation has been wiped out. I think if the majority of us, performed similar in our day to day jobs, we’d be in deep bother.

Not one for getting on the ceo back and calling for a replacement, but she really has to take action, and deliver some direction on multiple fronts. What on earth is happening with THAR?

I feel like we should actually or (Riversgold), actually deliver a Bankable Resource before we get excited, the Exploration Target is purely that, and nothing else, a target, albeit based on Historic Exploration

If the body keeps growing, that's the main focus right now. A nice free carry for now on a potential Multi Million oz Resource. Keep drilling until results tell you otherwise.

With more drilling, Calculating a Resource, Feasibility and Environmental studies, Dril and Blasting the stuff out of the Ground, then shipping it to a local Processing Mill (If not build ourselves), you're comfortably talking 3-5 years before you can even start to think about Revenue. This is the Beauty of the Green Hydrogen Project, the science and technology already exists to piggy back on and from its Introduction just over 2 years ago, ORCP have already completed its first Feasibility study

Positive RNS today, just keep going. Probably plenty of dilution in between now and Revenue so focus on the next steps

Low grade, which we already knew, but good results in my eyes. Consistent with previous drilling and very encouraging

Still a bit gutted we could potentially be giving up 80% of this for $600,000?? But I suppose in our current position we just don’t have the resources to tackle this ourselves

Hopefully these results continue

So Naheed very clear that our progress within the Green Hydrogen Project is advanced. And made no secrets that, Hydrogen won’t be rolled out of the plant in 2026/2027, covered in “Oracle Energy” packing. Something which I thought was the case in the first place, so nicely clarified.

We’ll develop to a stage where a consortium/multiple lenders, will fund the project, and take it forward, with hopefully OE maintaining equity interest (like the gold JV), and possibly a premium or something sooner ?

Share prize briefly addressed and touched upon but nothing to suggest that there won’t be more placings in the future, for the running of the company 🤷🏻‍♂️, which is standard, but leads the value of this company, open to the grim hands of the market.

Any other takes from it ?

Wasn’t March 2023 7 months ago ?

As a company you’d be screaming “we have our own block, we are open to offers!”

Interesting find, thank you 🙏 A deal struck at THAR could be enormous.

Amatra - Thank you for the reply.

I’m hoping Naheed opens up on this Q&A and gives us more detail surrounding those timeframes, some, which like you say, may have started already.

I’m not forgetting about THAR, Gold and the Solar Project, I just have a feeling the company seem tunnel visioned on the Green Hydrogen Project, and with the momentum running along with it, this seems the quickest and most effective way that the company will generate Value here. Bought another 1m shares this morning and will be making a couple more top ups

Genuine query - All opinions welcome to contribute and fill in the blanks

In one of Naheeds previous Webinars, she states a 3 year construction build (approx), which to me seems reasonable, now this was some time ago and objectives and milestones may have shifted

We’re being told negotiations with lenders in 2024, with possible financial close at the end of next year, maybe going into 2025? Now from that presentation yesterday, “plant operational” as soon as 2026, with a demonstration plant to be constructed (20mw), before then.

Do these timelines seem a little bit all on top of each other and with lending and financing some way off, when will construction actually begin? And based on that 2026 target, could construction take a lot less than 3 years, because otherwise, it would have to begin in the very near future, which is extremely unlikely

Anybody as confused as me ? And do you think this up and coming Q&A will clarify anything to us ?

A shareholder Q&A session will be published on the Company's website on 30 October 2023. To submit questions to be addressed at this session, please email oracle@stbridespartners.co.uk with "Q3 Shareholder Q&A" in the subject line. The deadline for questions is midday (noon) on 26 October 2023.

Deadline gone

Agreed - and still plan to be in full production by 2026? If so, that would be outstanding, but finding out about a pilot/demonstration plant, by listening to a presentation not directly aimed at our shareholders, communication needs to be vastly better. But yeah probably slightly more detail in that, which I never knew previously.

Q&A inbound so I’m sure we’ll all get the chance to direct your questions.

Https://twitter.com/OraclePowerPlc/status/1717460329024643274

- Looking at a number $2-3 Billion Cost

- financial Close now looking at end of next year

Interesting Note which I'm not sure why we haven't had this communicated in an RNS or other form of communication, the Green Hydrogen Project, a 20MW Demonstration plant at a cost of $6m is now planned, and is one of the next steps for the company

Naheed comes on around 1 Hour and 7 Minutes and she couldn't get her slide up earlier on

Since the raise, there has been no comment or acknowledgment of the share price from the company. It needs addressing, and as an extension, what the company have in place to get this on track. Financing may take the entire 2024 and beyond, so just hearing that, won’t do

If it carries on, and THAR as a tangible asset is worth something to another company, it may force her hand to sell.

When the MCAP is now below £1m, and you have an asset potentially worth billions once mined, why would you not move it onto a company that can progress it for a hefty payment to ORCP? unless of course there’s a bigger underlying issue why it’s decades in the making being developed. Progress a development pathway and sell it on as a package to a corporate Giant

Also

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A shareholder Q&A session will be published on the Company's website on 30 October 2023. To submit questions to be addressed at this session, please email oracle@stbridespartners.co.uk with "Q3 Shareholder Q&A" in the subject line. The deadline for questions is midday (noon) on 26 October 2023.

We’ve dropped millions in company valuation in recent times. If financing is 2025, how long will we remained at £1m? I think not very long

We need a loan, payment from a lending consortium, anything that retracts us from raising at this price. If she had to give a 50% discount when the price was 0.0007, what kind of discount would she raise at with the sp at 0.00028? It’s significant

Something needs to give between now and then. Naheeds salary alone, £110k is it ? We are desperate for an external revenue source/funding

Not sure on why Naheed has substituted the word “development”, for “demonstration” in her dialogue in a couple of areas. Could be nothing, be what’s wrong with development ?

And RiversGold released no results from Northern Zone. Just hints of good geology drilled and completion of it

Get your questions in. I don’t normally submit any but time to talk Naheed

Investing into a company and buying lottery tickets are two completely different elements, with one based on research and the other you’ll need all of the luck in the world, but I see what you mean

I do understand where you’re coming from, and I’ve had my battles with LW over the years on different boards, but I’ve come to realise, it’s just another perspective, that’s all. Nothing more, nothing less. A perspective that actually looks into the history of the ceo, the financials and any concrete agreements. Not just LW, but a couple of others, if I’d actually listened myself, I could have bought in much lower and saved A LOT of money.

And you’ll see when Naheed executed that catastrophic raise the other week, LW shared sympathy with those who were affected

The upside to many remaining here now is that we’d have to go on a unrivalled, parabolic run, to just break even. I’m too exhausted to start with another investment, and hold on to the belief that she will get Green Hydrogen over the line, I’m buying more and leaving them for a couple of years. Hopefully 2024 will be a lot better for investors here. GLA

Although me and LW sit at opposite ends of the table when Oracle is concerned, ie me being a LTH and continue to be one for years to come, their views on this company, Naheed and the lack of non binding contracts and agreements have been proven even more so with the 90%+ decline in share price since the CEO took over. He’s offered his views, and ones I’ve taken on board as I’ve watched my investment shrink to the size of a budget holiday these last 18 months.

It’s not LW your battling, it’s the company, their execution to get these projects actually going, and the market.

They’ve tried, and to be honest looking at it, it’s not too cost destructive in terms of the budget so fair play

It’s all about the information added to it over the next 12-24 months around funding and offtake agreements which actually matters

Https://hotcopper.com.au/threads/ann-northern-zone-diamond-drilling-completed-26km-ese-kalgoorlie.7534912/?get_post=true

Drilling Completed 21 August so results i'd imagine should be close tbf. Potentially more drilling to follow

That's because it's part of their earn in clause. To spend up $600,000 on exploration within the first couple of years. Last time i checked they're awaiting assays

Ever since i've invested into Gold Stocks, every single company reports a delay or backlog at the labs, Covid etc etc so we could be waiting some time

With the historic drilling results, Oracles Drilling last year and now Riversgold, you'd like to see a Resource being put together once the results are reported. Otherwise it may lead me to conclude that the system isn't up to much. But i'm still optimistic, it's low Grade Gold, but plenty of it

Jstar - let’s say it is enough to keep the lights out. The fact that at 0.0007, they had to raise at 0.00035, if they had to raise at the current price (0.0003), what would the future discount be ? Quite substantial I’d imagine basing on the conditions of the raise just gone.

I’m still in this, in the belief that Green Hydrogen could be a company changer, and change my life. But lately, there’s been an enormous eye opener as to the sustainability of the company, and the likelihood we could be heading to the 7-8 billion SIC mark, significant dilution, if the company stays afloat