Member Info for AG1989

Well put Gustard

I don’t post as much as I used to. Until news is released and there’s official documentation to digest and dissect, it’s a whole lot of conjecture and guess work.

I could leave this Board today, come back in two weeks without any news being released and I guarantee, it’ll be Groundhog Day and the same points being mauled over, by the same people. Myself included

-Naheed should go

-share price will continue to fall

- don’t invest

- $2B project

-financing will take this further

And I fall into that bottom section but it’s just deja vu over and over and over again, until the board give us what we need.

Share price aside (for now), the company have continued to deliver advancing the Green Hydrogen Project. They’ve secured land which they promised, carried out ground surveys which they promised. Completed the DFS, which they promised, Tick, tick, tick, and onto offtake agreements, financing and DFS results. The market clearly still isn’t convinced, but that doesn’t mean it won’t be in the future.

The talk coming from THAR is the same as it was years ago so my investment is currently factoring this not happening, and if that changes, big bonus for shareholders

That’s my understanding GH. It’s a huge risk reward at this price, but any kind of financing, or release of the DFS results, I can see a healthy rerate here, by some margin which won’t be giving PI’s an opportunity buying at a £2m MCAP, and would have to get in much higher. (I’ve been saying this for some time, but with me averaging down, I still believe this)

It’s pretty unique situation here that’s I’ve not really experienced elsewhere. There’s a lot the company could be doing(and may well be doing), to encourage the share price. But I don’t envisage a steady rise, when the time comes. I’m seeing 100% jumps, that’s why I’m invested and continue to average down.

I’m at a loss but I am with Cora, and AZY, as I’m imagine other posters who use this board are NOT immune to being at a loss with their other investments. Each to their own. I respect those who feel frustrated with the company and don’t see a bright future, but I’d like that respect to run both ways. Whether it does or doesnt, will 100% NOT have any affect on my investment here and Good Luck to all who are invested.

Oh I'm at a loss, 60% last time i checked. I mean in terms of £65k, £80K etc which i know some have put in here

I’m not at a loss like any of you lot, so I can only sympathise.

I feel like the money will be returned, and some with Green Hydrogen, especially with a completed feasibility study

The other projects, are anyones guess right now.

Back up from 0.0007 to 0.0008

At 30 June 2023, the Group had cash and cash equivalents of £326,946

I’d say by now they’ll be running low on finances. Fundraising soon ? Explains the sell off this morning.

Although it’s a forgettable situation right now, there’s no chance any shareholder of Oracle Power has sold up recently in profit.

I agree to some extent Jstar but for me there's more to it

Financing is key, but the detailing of the DFS report is more valuable to me. What is actually being financed, and What are Investors actually buying into?

We know it's a Green Hydrogen Project, but in terms of CAPEX, revenue, projected outputs from the plant, what are we buying into? In my other investments, you have details, you have resources and timelines, all we have currently here is an enormous development, we really don't know all that much about at this point.

But the point you picked up on, i do agree, get that over the line and significantly derisk our involvement moving on. And yes, please no more MoU's

“ Following successful completion of the Study, Oracle Energy will now proceed with negotiations for firm offtake agreements with selected partners and finalise ongoing joint venture/equity partnership discussions”

“ Furthermore, having this study authored and ratified by thyssenkrupp Uhde, the gold standard bearers in the development of such plants, provides us and our prospective partners with a great deal of confidence.”

- “us and our perspective partners”, hints at our partners already being deeply involved at this stage. How close do we think this is ?

I do have this feeling agreements are being finalised, put in place as we speak and could well be announced, but surely in between this point, and the completion of the study itself, Naheed needs to come out and relay this information, and near term direction to the shareholders ? As exciting, and potentially, company changing as I think this project will end up being, at this very advanced stage, there are a ruck of questions I have, all unanswered.

“ and finalisation of the investment and lender consortium." - interesting last words from Naheed. A lender Consortium to me rings more of a debt structure in place, repayable, and would keep Oracle with part ownership (whether large or small percentage), moving forward

As LW says, all imo, and DYOR, it’s just my interpretation of the situation until further facts are delivered.

LW, details are few and far between in terms of financing and near term direction. I'm hoping for some kind of payment once financing is agreed, to help Oracle operate as a business for the foresable.

Barring the above, you can just hope for undeniable, concrete news which immediately UPS the value and MCAP for Oracle Power, so they can raise funds at a much higher price.

With the scope of project, and scale that we're dealing with, any kind of financing news and Equity Retention for Oracle, could be Company changing, and from a £3m MCAP, any such news, i don't think it would take an awful lot to get that price moving, but it has to be: Clear, concise and Company making news, not just more promises

This is a reply from the company another investor recieved yesterday after contacting the company:

"Thank you for your email and yes, congratulations are in order for the team as the completion of this study is a huge landmark for the company and provides them with a defined route towards development.

I understand your frustration on the lack of information in the RNS however the study itself is commercially sensitive and Oracle was not in the position to provide any information over and above the headline outcome, which was that the project is viable and development should continue.

All other details, including the schedule for activities, will be communicated to investors as appropriate to ensure shareholders are kept abreast of the work programme."

Yeah the one thing it wasn’t, was a surprise I agree there James. I’ve been checking this board at 7pm every morning since may.

Just been having decent discussions on the twitter group. Yesterday certainly sparked volume, and some interest. But there’s a unilateral difference between actually getting the DFS results, and notification of its completion

The movement here and gains will depend on these 2 factors. Maybe a few more

1) how strong the report and results show (is this really a multi billion $ revenue project)

2) what deal will oracle energy cut itself in this

The fact in yesterdays RNS it says we’re now moving on to agree offtake contracts (or plan to), and to plan the next design stage (FEED), if I recall suggests to me that point number 1☝🏻, is encouraging

“ In parallel, Oracle Energy's team is focused on arranging the next steps for front-end engineering and design ("FEED") work for the planned Plant, including, hydrogen production facility, hydrogen compression, liquefaction and storage facility, ammonia synthesis and cracking facility. Once completed, this will take the Project into the next phase of the pre-Final Investment Decision ("FID") stage.”

Just a generic one really. A chance Naheed had to tell investors more about the details of the report. But not to be.

Although, more and more talk about investors lined up, completing a financing consortium and getting this over the line, whilst maintaining a stake, and hopefully adapting this to our other projects.

Yeah you can’t expect new shareholders, and current, to engage and buy shares of the company without seeing these findings. It’s those findings and figures after all that you’ll be investing into. The CAPEX alone, at an educated guess looks close to being around the $2B mark, from information released prior in the process. The revenues then you’d imagine would comfortably exceed these figures. I can only assume the report has been handed over to finances for exclusivity and offtake agreements can be made. Any reasoning beyond this, well I’m happy to be corrected once the details officially emerge.

What I would say, from what was just an early stage idea in October 2021,

https://www.lse.co.uk/rns/ORCP/green-hydrogen-co-operation-agreement-qda2ty2oonfqrzo.html

To have completed a Feasibility study in less than 2 years from that point is a significant achievement by any measuring stick. We know in mining by the time you’ve:

-bought the land

-surveyed it

- sampled it

- drilled it to a commercial resource

You could be talking 3-5 years before you even get close to carrying out your Feasibility studies.

The technology the company are piggy backing on is proven technology, and they’ve wasted no time using this to their advantage. Your not relying on the geology gods, you can move swiftly, get the right people on board (Dr. Naveed Akhtar, Hydrogen & Fuel Cell Industry Expert and Chief of Technology (Hydrogen) for Oracle), and go from there

Do your own research and make sure you’re 100% happy when you execute those investments. Who knows where the near term share price lies, what further dilution is in its way, I just know we’re one step closer to making this a reality. A long term stake in a billion £ project, whilst we move on to our next development. Very happy to buy more at this level as I believe the vision, we just need to be relayed the next steps, and more importantly, a detailed DFS for investors to cast their eyes on

Very satisfying news. The slight doubts that this was just talk, and only talk, as the wait went on, have now been relieved.

A huge milestone. I think James said earlier though it would have been beneficial to have eyes on the figures, on the CAPEX, it’s lifespan return as a project. Something I think we will see in time but surprised not to see it now. Unless cooperating partners have asked for exclusivity in this process, before results being released to others. You don’t go and plan “the next stages”, on the back of poor results.

“ Following successful completion of the Study, Oracle Energy will now proceed with negotiations for firm offtake agreements with selected partners and finalise ongoing joint venture/equity partnership discussions.

This is key, partners will access to the study and offtake agreements can be made before power and grid studies are completed in Q4 by CET

Still a lot to find out, still everything to find out really but it’s complete. A huge milestone in a lengthy process but I think in itself will draw huge attention to this company moving forward. GLA

Yeah, whether it was once a market condition thing, MM conspiracy or whatever else, it’s now an Oracle thing. I’m happy to hold and, to top up when possible because I believe the vision of the company.

But anybody new, it’s 71% down year on year with this trend continuing to dominate. We need news, news we are expecting to drive Green Hydrogen forward, but to fill potential and new investors with confidence that this is the board to take us forward. The DFS will be the back bone of this project and once delivered, could open the flood gates investors and institutional investors alike. Blow the doors off and deliver a project that has a lifespan revenue into the multi $Billions.

Naheed talks a lot about adapting the Gold JV approach, letting another entity finance the project and maintaining 20% long term. If this approach is adapted, you don’t need me to tell you that this could make a lot of people, extremely wealthy. But it’s all down to the board now delivering. GLA

Https://www.riversgold.com.au/wp-content/uploads/2023/08/61163900.pdf

A little more from the Riversgold ASX announcement i assume from last night.

All 4 holes drilled deeper than originally planned with initials expectations exceeded. Looks like further drilling to commence, once results are in from the Labs over the next few weeks/months

InThought - just lazy journalism. Thought that myself.

A regulated RNS, with news from our partners which the company reported to shareholders who have been asking for news about NZ. Really don’t think it’s me clutching here James but carry on, please.

A standard RNS in Gold mining and expected one you see across the industry once drilling has been completed, with strong hints that the mineralisation continues to be discovered, and potentially expanded. So a welcome read this morning.

The agreement between both parties, was not as lucrative as I thought it would be. That said, I believe the 600,000 being spent may just push this to an eventual Resource, when you consider the history of the project.

Important to follow the financing closely of Thar, GH & the Solar project on Block 6. If we can hold our own here and secure the financing ORCP needs to maintain equity, this will fill me with bags of confidence when it comes to financing our 20% of a NZ mine, in a couple of years. An extremely valuable commodity, which we’re currently on a short term free ride,freeing us up to focus on Green Hydrogen. More to come within the next couple of months here.