Member Info for AG1989

College Yard - I know you read this forum. You were removed from the group on twitter because you blocked satioshiplay. Twitter automatically removed you from the group, nobody removed you. And now it seems like you've blocked half of the people in that group. Unblock them and we can invite you again

GH - Another good find :)

Yeah it’s not something you can just jump into. It’s definitely one of my “triggers” for this project. Not necessarily for SP (which should still go up), but confidence OE and partners have the capital to take this forward.

Something as detailed and costly as this could take years I agree, but talks may have started back in 2022. It’ll be interesting if anything comes from the CET MoU, that said, until the thyssenkrupp results are published in detail, I’m expecting no official movement or RNS. Get this right, get the JV agreement right which leaves ORCP shareholders with enough long term exposure to benefit the riches, then I think you’ll see interest begin to build.

I raised a point recently about trying to incorporate a one off payment to the company to help with the near term dilution, I’d feel very encouraged to see something like this happen.

3 projects, years away from revenue, how much more dilution can we manage here ? On the same subject, if the market can buy into what’s going on, and we have significant developments at THAR, we can dilute and raise money at a much much higher price, but this is where the company steps in.

Already discussed (Apologies)

https://www.ft.com/content/bd4684bc-e326-4e73-b0b5-e570719b872a?accessToken=zwAAAYbgDgpskdO9RoS84yZOc9OwteVwcZuHKg.MEQCIChvkPlrGA7pKyUK9B7fXei6ElPpUDSDtMT4eXC8DnY3AiBh7ZXuwuONYSJP9-5bxSCn0ZfeFifuFR2zumRJjnymsw&sharetype=gift&token=29037c1e-896c-4aa1-bde9-5830ca3a040d

Interesting we got a brief mention in the financial times article, although they messed up sheikh's involvement with Oracle Energy and Oracle Power. Positive nonetheless

LW - I think for me, this is what Cora was brilliant at with its earlier developments. A Road Map to drilling, extending the Resource, and Feasibility study (which seemed to slow down at the latter stage)

I think in terms of the Loi payment on GH, tackling the Feasibilty study, telling the market when the results should be published, i think the Company have been pretty transparent in communicating all of this to the market, hence why as an investor, I'm pretty encouraged with the progress here, and as a result, will be topping up, as and when i can, until I have no funds available (or the company stalls and tells me to do differently)

The elephant in the room (for me) for a very long time which was never communicated by the company, was the financing of the project. The other steps seemed to have been outlined in some extent, but until funding was secured, it's a massive hurdle.

https://www.lse.co.uk/rns/ORCP/publication-of-information-memorandum-6tku57jijpktts7.html

This was published around 13 months ago, the first real insight for me of a potential Build cost, and as stated in this presentation, early projections were around $2B. This didn't necessarily ring any alarm bells, but a couple of questions surrounding the issue.

This issue was recently eased with the MoU with CET on 7th March last week. Agreed, nothing binding, but a development that the company are in discussions with potential backers to take this forward.

I'd like a Q&A soon with Naheed so she can expand on this and detail our next steps, but as it stands, pretty happy.

They're in essence a formal Gentlemans agreement between the two parties with no legal obligation attached, or longer term binding commitment probably words it a little better. But i agree, with your last post and previous post, the Mou's give an underlying understanding that there is interest on the table, interest which will further develop once the finances of the project is secured, and is able to get this project off the ground. An RNS, which i'm not expecting to shift the share price much, if at all, however, continues to add to a potential development of a GH project. Some good discussions ongoing on twitter if anybody wants adding to the Twitter group, let me know

Mou's go a long way in funding applications aswell to show co-operation with potential offtakers. This gets the ball rolling, and communication channels open between the 2 parties. Any interested party would be out of their mind to commit to anything binding, especially before the results of the Feasibility study are published, and financing is secured. Will all of these Mou's lead to binding contracts? No, but its a start. If and when we secure financing, and begin construction, I'd expect Binding agreements to signed, until then, we wait and let Oracle Energy build a platform.

Great find GH

Just been speaking to College Yard on twitter who follows this really closely, and is a keen investor. Told me he follows the CPEC page and looks once a week, all it read before was “LOI issuance stage”, so it has definitely been updated.

“Shareholder agreement on new equity partners in process”, has been added very recently. Until we get it confirmed by the company we can only speculate so not getting too excited, but let’s hope it’s positive steps finally towards Block 6

Project Project update:
Feasibility stage tariff obtained for coal.
Shareholding agreement on new equity partners in process.
Under issuance of NTP/LOI.

That second point, im assuming its stated this for some time? Or is this new?

Aggravates ***

I think even when this deal (if/when) it’s secured, the company are looking at further dilution in the long term for the running of the company. Depending on the structure of any deal, if the value of the company increases and with that SP, this should limit dilution, yet there’s no guarantee of a significant rise

From a personal stand point, and not what I think will happen, but what I’d want. If this JV comes back and we secure “X percentage” let’s say, I’d love Naheed and oracle energy to work in a one off payment for oracle energy/power. A one off £5/10m payment to the company. Call it a finders fee call it whatever you’d like. And I know that sounds extreme and “out of the box”. But in the grand scheme of things, when your talking about a potential $2B build, £10m is pennies. £10m is just a figure plucked out of thin air. But a balance, that would secure the near term financial safety for ORCP without the need of further dilution. Without anything like this, we’re still years away from revenue.

Best we could hope for is something like a GGP rise, not comparing the 2 companies, but the position they were in. Instead of raising money down at 1p, 2-3 years later they were doing it at 20-30p. I’ve seen share prices rise in this market, followed by a fundraiser. This initially aggregates shareholders but for me, it’s good business.

Yeah, it all sounds nice right now, but to bring it to life, we need funding levels way beyond Oracle Powers Capabilities, and even Sheikhs. It really is next level stuff and this is what all of the work is about now. Getting the development to a stage, to attract the right parties to take it forward. But yeah, lets not be blinkered on the issue, £1.5-£2B is a mammoth amount of money for any project globally, let alone one being driven by a £5m MCAP. Securing it and seeing the construction start to take place, that's what's going to raise value here. But then we're left with the question, all of the hard work aside, what realistic %, will Oracle energy be left, when its all said and done here. I'm hoping 30% being optimistic but wouldn't be surprised if the JV agreement is much, much smaller than that. But I guess a single digit royalty being paid every year to Oracle Energy/Power, is a significant improvement on what we currently have. Time for Naheed to do her work and lets see if all the promise and hype of this Green Hydrogen project, can become a reality

STM - Even the JV of Oracle Energy. The costs alone. The fundraising needed for our 30% has diluted us enough. Imagine fronting the 70% he is doing. I’ve been trying to dig a little further into Kaheel Energy and understand his Role a little more. I think his connections can help this grow. Take the next development to the Middle East.

But agreed, I hope everyone gets a chance her to not only recoup their losses, but come out the other side with a handy profit.

I think my last point on my averaging down comment, it would all be dependent on the situation and status of the company at that time. I think equally, it can also be about me taking the EMOTION out of my investment, and focusing on the facts. From experience, far too many investors have a brown underwear moment when they the SP continue to decline, and SELL up, to watch the price rise. If, the Share price tumbles to £0.0010, yet in that time, the company have made further progress, agreed a JV with a Major company and are on the right track, I'l be buying. Averaging down, whilst collecting more shares. Positive news in this market, as we know, is not a direct given, for the share price to rocket. It comes at more cost for me as an investor, and more risk, but thats something i need to be comfortable with before pulling the trigger.
It's not a tier 1 discovery, as discussed in mining terms, but at the planning stage, certainly looks to have similar characteristics to pull in a similar revenue stream, without Gambling on the Geology gods as i like to say

life. This all still needs to be pieced together i agree, and there is a long way to go. But a project of this magnitude needs to start somewhere, the Starting Gun has been fired and now its up to Naheed and the board, to prove the likes of yourself, wrong (all due respect, that's not meant with any mallice)

LW - I do appreciate your reply, and never want it to come across as "This is my board, this is our board, DO NOT POST" because its a toxic attitude to have. I just think we see this very, very different to one another, where there is no right, and no wrong in the situation.

I've seen positive developments with Green Hydrogen being acted upon, where if the company come out with further positive movements on GH, it wouldn't take me by surprise if that makes sense?

If I'd been invested back when we were advancing THAR and it was promise after promise and we are where we are now, i too, would probably be more reserved than i currently am. But if i'm honest, it's one of the main reasons i left GCAT, it was promise after promise which was never delivered upon. Acquisitions, followed by further distributions of shares. Running before they could barely walk. RNS reports very poorly worded which were designed to deflect from a massive under performance. The RED FLAGS were a plenty, so i got out, and wish RM and the team the best of luck in turning the fortunes around. But don't really want to dive too much into that, an the ORCP board

ORCP - Right now, in this moment in time. We are a small Tinpot company, funds limited, a Powerhouse Asset lay idle years in the making, £5m MCAP. We are carrying out work, and early development steps most companies can do, the majors could carry out no problem. But for whatever reason they haven't, they have "potentially" piggy backed onto our development, can come in at a stage where they can finance the entire thing and begin building. I stated recently that these last 18 months for me with this project, seem to have flown under any kind of investor radar, but for me this hard work is coming to fruition now, and at that stage, where it will begin to attract the right clients. Working with thyssenkrupp for me, is not nothing. Likewise securing favourable land in ****stan on a 30 year lease basis, securing the Loi in such a short space of time.

But with not being flush with money, the company (imo) have dealt with the development of this in a fantastic manner with limited resources. They've created good connections in that space in a short space of time, as well as advancing the project to a state where, hopefully, 3-6 months, real talk can begin about Constructing the Site itself. This is what I've bought into and without a word of a lie, i genuinely am convinced they'll make it happen, ORCP shareholders will benefit the riches in some form, whether a royalty or a long term deal, and I'l assess from that point.

Until then, it is just a pipe dream and i understand the reservations of not just yourself, but many others who currently don't have their fingers in the Oracle Pie. I'm not one to shy away and not hold my hands up if I'm wrong. (ECR/GCAT/CORA) - With me still being invested in the latter. Sorry if i came across strong the other day and same to you, ATB LW in all you do in your investment

Agree with you Tony and whilst an introduction of shares will dilute PI's holdings, it's encouraging to see the company making these moves, to make a pathway for production and revenue in years to come

Just a little bit more information on CET

https://www.devex.com/organizations/china-electric-power-equipment-and-technology-co-ltd-137436

"China Electric Power Equipment and Technology Co., Ltd. (CET) is a wholly owned subsidiary of State Grid Corporation of China (SGCC) as well as the operation platform and implementer of SGCC in carrying out international EPC business. The core business of CET includes power EPC, integration and supply of power equipment, power grid scheduling, operation and maintenance, support in project planning, design, consulting, investment and financing. CET undertakes EPC projects including domestic and foreign transnational and trans-regional grid UHV power transmission and transformation, flexible DC power transmission, smart grid, power system automation and all voltage grade power transmission and distribution as well as supporting complete sets of equipment, power grid scheduling, operation and maintenance, and other services. CET also provides a package solution from project planning, survey, design, finance, procurement, construction and operation.

CET has carried out business operation with more than 40 countries in Asia, Africa, South America, the Middle East, Europe and other regions. The business model covers concessionary loan, Buyer’s credit, Seller’s credit, EPC, and so on. It has implemented more than 200 projects cumulatively in design, construction, supply, and technical service.

In 2015, the amount of CET’s newly signed contract for international business reached 21 billion yuan. CET had been listed as one of ENR 250 largest contracting firms in terms of the overseas project operating income in the world, and ranked 9th in the top 100 enterprises of foreign project contracting businesses in China. CET is one of AAA grade credit enterprises of China Chamber of Commerce for Import and Export of Machinery and Electronic Products and China International Contractors Association, and a large export-oriented enterprise supported by China Export & Credit Insurance Corporation."

Up 1% :D