Member Info for AG1989

This is the one for me GH, finally give us the news we’ve been waiting for, and then throw in condition 2 about a possible relocation away from Block 6. A huge elephant in the same that could cast doubt, but at the same time, you could read far too much into

“ Through this MOU, TEPL will assess the viability of developing: (i) the power project at Thar Coal Block VI as originally planned ("Project Option 1") or (ii) relocating the power project to KE's owned land located at Port Qasim, Karachi ("Project Option 2"), if found technically and commercially suitable and subject to obtaining all required approvals and consents.”

This could certainly cast a couple of doubts.

My investment strategy has firmly moved along with the drive of the company, and that is GH is the future, and I’m not talking in terms of saving the planet and cleaner energy, but in terms of it being the future of this company. Milestones being ticked and progressing at a good pace, with what could be, very big news, imminent. It’s a GUT feeling (partially) and not something I’d purely base any investment on, but I can see this first development snowballing into many others in the future. Get this one right, then open the gates and pathway to further success.

I’ve seen it with GCAT and a couple of other companies, funding arrangements can be set up with companies. When certain milestones are hit, timelines hit, shares can be made to “Company X” for example, in return for proceeds paid to Oracle now for the running of the company and to progress our projects. I’d like the company to make these kind of moves, but nothing like this can be formalised now, until the financing is secured and GHP has a guaranteed future. That kind of news, is what we’re currently waiting for and could drop any day now. Once it has, I will be expecting some movement and plenty of momentum.

This fundraise was expected by many, and without it, we would soon cease to trade. (To be dramatic)

And I may have miscommunication that, I’m not saying the non binding MoU’s will all become binding, if any of the ones we’ve heard so far. But eventually, to get this off the ground, something will have to become binding, which I’m predicting will happen with CET.

Your 80-90% estimate, I can’t argue with or argue against the case in either direction. A 10-20% free carry on such a project would be enormous for this company, wasn't we initially expecting just 13% from Block 6? All to say, even those low percentages, in the grand scheme of it all would be enormous here

I understand your strategy and enjoy your evening.

And it was LW :) which has been answered now.

Tygra - If so, and you and LW are correct, and i have no reason to believe otherwise, why is there no point in topping up when the shares where forward sold (like you predicted) and the price hit £0.0010 recently, which it did, but wait until the news dropped, and the SP took a big hit, and retracted to £0.0010. Both the pricings when the shares were forward sold, and when the price retracted today, would surely be at the same level, or there abouts?

The NON binding announcments, to some degree in the future will become BINDING, they have to in order to finance this project to any sort of tangible stage. If your faith and your research leads you to that this isn't going anywhere, and none of these partners will get this over the line with Oracle, shouldn't you sell at whatever loss your sitting at? Because clearly the Market Cap wont be going in the direction you want it to?

I'm just trying to understand more from those who have reservations. Do i understand them?Of course i do, i have/had some of my own but in terms the company working on them, i believe we're on the right path (With GH).Genuine question, do you see the company delivering on any of these projects and you seeing the returns you want? Do you see any of these partners you've talked about, signing anything binding, before the Feasibility report is published? I certainly don't, you'd be insane to commit to anything of that Magnitude without waiting for the DFS

The reservations from THAR i do agree with. It's been years in the making a reason many/the majority of investors here bought into this company a long time ago. Make moves NOW, or put it to bed

Trending on Twitter, first time I've ever seen this and certainly a very HOT topic right now.

Jinx indeed haha but good to see others picking up on it, i wonder how much money he actually has

Only just realised David Lenigas is the Chairman of RGL. Lack of research on my behalf, or maybe now I've slightly forgotten about it with GH on the Horizon. The biggest pump and dump merchant I've ever come across in Investing, and that takes some doing. Waxed Lyrical for years about Wishbone and then moved onto the next spin **Approach with caution** but the drilling will do the talking

“ The funds were raised from both new and existing investors, including the Company's largest shareholder, His Highness Sheikh Ahmed Dalmook Al Maktoum through the Subscription. His Highness also continues to invest significantly and directly in the Project by funding his 70 per cent. share of the joint venture. The Fundraising has utilised the Company's remaining headroom for such share issuance.”

I think this is often glossed over and really shows the commitment, finances and dedication that sheikh is giving here, not only subscribing to the placing, but also fully funding his 70% of the JV. It speaks testament to what’s to come and the conviction he has, that this will go all of the way. If the majority of the £360,000 will go towards advancing the GH project, Sheikhs ongoing share could be around the £700,000 mark. A lot of money to be investing into a project, and when our MCAP is only £4m, it’s encouraging

Sorry GH I never meant anything by it. Your 2 passionate posters and I respect that. I do see both sides by ultimately remain extremely bullish about this company and trying to ride the dark waves before the success enters the frame in H2 2023. :) all good just gutted I made my last purchase at 0.0014 and have no funds but that’s all part of it

GH & LW day inbound 😂🍿

All fun and games. An expected placing which will no doubt hammer the SP further, which il take advantage of and look forward to proceedings in Q3. Winner

I thought we would have heard something by now, but I wouldn’t necessarily put it down to Thyssenkrupp. That’s Q2 initial results update came form Naheed and seemed pretty vague from the start. But agreed, great opportunity to load up and no excuses for those who “wish they would have loaded up lower down”, when the share price begins to move.

The DFS may be complete and loose lips have spread the word. But if so, you'd imagine we'd hear this in the very near future, from a regulatory standpoint alone

Get your cheapies, last opportunity this week 😉

All seriousness though, I think once you see a little bit of volume here, we’ll eat through the 20% rises but I’m targeting 2000% + for my long term gains. Buying some more today, news really shouldn’t be too far away, on numerous fronts.

STM - in terms of Costs and Savings, it won’t be too late for GH, the Feasibilty report will be just be adjusted at a later stage (for the better). This is all dependant on purchasing the equipment from countries outside, but I’m pretty sure I remember a lot of purchasing will be from China.

I’m not sure this will have been taken into account for the Feasibility study (I anticipate), but if so, even better, and if we hit budget, or come under the CAPEX, amazing.

I think because the process may seem fresh and new to a lot of people, myself included, there will be questions surrounding the technology, the process and those kind of factors.

That said, the AIM of the company is not to sell the process, or the technology, the Main Goal is to Produce, and then sell Hydrogen. The technology is only a means, and a pathway for the company to use, to meet their goals. So if there's a chance of using existing technologies which are proven, just all over it

The Mou's are useful. I'm not blinkered to believe that every MoU announced, will materialise into anything of substance, but they're made to create platforms of communication and potential future engagements in a particular field of Green Hydrogen and the entirety of the project. Especially been surprised, in a good way, the involvement on the ground and their willingness to fund a Feasibility report for the project, off their own back, even though all we have signed is an MoU (CET)

Do we own the technology? In terms of its physical presence (Solar Panels/Electrolysers), YES we will once payment has been made and construction has begun. In terms of designing the technology or holding any kind of exclusive long term rights to the technology, then NO. But that's expected. Do Greatland Gold own the exclusive rights to their drill that can go 2,000m underground, or any other the excavation equipment they're using to progress their decline? NO, they've purchased existing technology and using that to their advantage, just like we'll be doing here. It's common sense and stream lines the process when it comes to Construction and timelines

Great to see new faces, new investment and traffic when talking about Oracle Power. Some very healthy buying these last couple of days

Land: Leased for 30 years and paid

Loi and Rights to Produce and distribute Green Hydrogen

Financing: To come once the Feasibility Studies and Reports are published

Happy to openly discuss but your basic questions Solo, all covered in the RNS Reports so worth a luck and i agree with other posters. All worth doing before you even begin to think about investing here

Following010 - Good to have you on board 👍🏻

It certainly looks to have the backing of the necessary authorities which is a significant factor when it comes to any delays, and getting the project underway. Word certainly getting out and all noises surrounding the GH project, very encouraging

Thanks LW