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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
Heimlich - I can’t get past the fundraising myself. Eventually, if I stay invested, il have to and just push on, but I’d say for the safety of the share price, and for the companies existence, something significant needs to be announced, and within the next couple of months
With financial close of the GHP being 14+ months off, I can’t see it being here, especially as the project is entering the design phase, combined with numerous feasibility studies needing to be completed
Will it be THAR ? will a decision be made to open pit and fast track a mine here? I don’t want to just say “only 165 metres”, but I think if this is the scope, and it’s free digging, it’s extremely accessible, but with Naheed at the helm, will we ever see the riches ?
GH, to a point, has impressed me this far. They’ve completed the DFS, secured land on a 30 year lease and seemingly see to move forward with CET. But we’re still in the dark with specifics and overall economics of the project, the next steps and exactly what the company are working on. Just so we know what we’re buying into and what scale. But 2025 financial close is meaningless if the board can’t keep the company afloat in the meantime. I think the Shiekh will in one way or other have his hands on this project long term, I’m just hoping we’re still here for the ride
This would have do 1,000%, possibly heading towards 2000% returns for Long term holders to get their money back. Long term holders who bought in on the back of announcing the GH project, let alone THAR
I don’t know whether to significantly average down, or to keep my shares in the bottom draw to see if I can get anything back on them in years to come. Still my biggest holding ORCP, but the company have performed drastically when it’s come to share price performance. Shown 0 confidence in protecting it, and generating gains.
Any money I put into my investments is a gamble. I can afford to lose so il try and keep as much emotion out as possible, chip away when it continues to fall and pray they can actually give the green light to something within 3-5 years