Member Info for AG1989

Yeah it was all adding up for me over there. I was super bullish, and you learn and I had no issues holding my hand up and realising, the investment just didn’t suit me any longer. That’s not to say it won’t be a success, but there were many short comings which made “value” hard to come by

Sanankoro & Cora, by no means, do I think this is a 20 bagger, and there’ll be no issues. There will be, like every investment. But the fundamentals surrounding it lead me to think that in the not too distant future (12-24 months), the company can be explorer turned producer on a very good asset. I’m trying to buy into that from a low market cap perspective and Hope these fundamentals come together and see the company grow

If the DD leads to :
-Further positive results
-Resource upgrade
-Feasibility study

They'd be daft to give it up. A purchase of £90,000 and issue of shares, if they can prove million in oz's, they'd be crazy from this position to flip it for a small profit, especially with the cost of drilling and paying geologists

Funding is a key parameter, and the land holding of the NZ is supposed to be relatively small, is an open pit viable?

That's true Damay, i just get the feeling with everything else going on right now, if the company push ahead with the upcoming drilling campaign, it shows intent towards the project for me. But time will tell

Exactly :) - That's the difference I've identified in my investment strategy. There are Companies out there building real tangible assets. The biggest risk for me in this sector, are companies fundraising and plowing millions into projects year after year, with very little return, or not really building up a Resource. 2022 should materialise very well here

I think in terms of NZ, listening to one of the recent Q&A's with Naheed, she sounds positive of this progressing. Shortly after announcing the exploration target of 2-4Moz Au, she answers a question saying that the company fully expect to prove up the 3Moz they think is there. It's low grade material, which may increase AISC if taken to production, that said, the majority of the Gold falls within 150m of surface which is significant, (open pit) with grades increasing further down

I think the company should do everything in their power to prove this up, and the DD results, which we'll see in Q2 will provide us with much needed detail of whats actually there, and we'll get a sense of whether and how the board will take this forward. A JV would be a good way to go. Concede 40/50/60% of the project up for a company to come in and spend X millions on drilling, Feasibility studies and mine Developments. (A significant amount of drilling has already been completed which will really benefit ORCP). It would help Oracle keep their hand in a project worth hundreds of millions, potentially into the Billions, whilst financially de-risking themselves from severe Dilution moving forward

Stocktow - To me it goes beyond "potential". The word potential for me implies a number of high valued results still need to be executed. There's always a feeling of unknown when drilling, for these companies with "potential"
-ECR has potential
-EEE has potential
-ORR has potential

ie, all of the above have identified and intersected Gold in a number of their holes, but a lot more work needs carrying out to see whether these assets can be commercialised and taken further

Sanankoro is proven. It's an 800,000 oz project, open in many directions and the big one for me, is the term sheet which gives this a future. Many positive days ahead - DYOR

"Looking now to Australia, our Jundee East continues to generate a significant amount of excitement amongst our exploration geologists who believe that this project, which is located on a previously unrecognised greenstone belt, has the potential to deliver considerable mineable ounces“

This got me excited. I wonder what they’ve seen

- Under budget
-53% recovery achieved within 14 days. 60 day cycle expected

That’s looking very promising

Yeah, hearing potential changes going on at the top. Time will tell. Bring on the Q1 results we’re we can fully digest these production rates at a higher level :) nice RNS

Results this week?

2 drills have been spinning for 3-4 weeks, and with an average assay turnaround quicker than most jurisdictions I can’t see them being far off. Not really concentrating on the price as much lately. I know the potential here, and the risks. But the near term opportunity to send Sanankoro close to 1Moz, followed by a Feasibility study should drive this forward eventually. There’ll be plenty of volatile share price movements inbetween. You could strike at 6p, or wait and miss the jump to 10. Who knows

Just DYOR and be content with your executions. All investors and traders will have different strategies, respect that and look after yourself.

Wasn’t Khan pushing for THAR ?

All signs are pointing towards this moving pretty quickly, which if materialised is a major positive

I think for the Acquisition terms, they're brilliant assets, regardless of the cycle

Cycles can be very misleading for me, like 2020. don't get me wrong, the rewards can be spectacular but you get a lot of inflated prices on companies not packing much substance at all

Whether Gold is currently the "in stock" or not, an asset like Northern Zone, with the potential to host a multi million oz deposit, will always be seen in my eyes as significant when you look at the current MCAP. When you link in Jurisdiction and the the recent Gold Boom in WA, if the company can get a Resource Estimate out in 2022, i think we'll JV NZ out and take it to production. At $1900+ per oz of Gold, we'd be crazy not to take advantage

25km east of Kalgoorlie, there are vast amounts of Facilities and mills that can be used so with the small land the NZ actually has, you don't necessarily have to worry about building a stand alone operation there

Jundee East, slightly different. Good geological characteristics and in a good location, but until those assays come back, i couldn't comment much further. We may not hit what we want first time around but the company will still analyse thhe data and may choose to carry out another 3,000, straight after

Bert is approachable. Very mild mannered and has contacted me a couple of times on Twitter for a general chat. A CEO i feel very comfortable in running the company

A couple more “49m@15g/t” the will probably do the trick ;)

One day closer to

Q1 result & assays & news on Nyakafuru. Could be a further opportunity for new investment to climb on board before Kilimapesa enters its next phase

From a personal perspective, it's taking slightly longer for the pieces to pull themselves together but thats no real issue. We have a current Gold producing site, with the addition of the Heap Leach will be producing on two fronts. We currently have more than sufficient Resources at Kilimapesa for the near term, and that'll soon extend long term. We have the resources at Nyakafuru and Simba which are both set to grow. When production begins here, and expansion of Group Resources continues, you'll see it all pulling together and the rerate in a short space of time could be rather significant.

It seems like most on here are singing from the same hymn sheet which isn't surprising, it's just one of those periods we await further news

I think it’s important to realise, that if Oracle had to contribute even just 10% of overall costs, this would still amount to quite a significant figure, when factoring in a potential $2B Build. A figure and value which far exceeds any kind of raise Oracle Power could undertake.

PowerChina currently seeking investment and I know Oracle will be doing the same, via Oracle Energy & The Sheikh. Where this investment comes from will be interesting and will definitely spark life into project

Surely Oracle Energy will own more than 30%? I’m sure we’ll hear a lot more soon but those figures give Oracle Power around a 9-10% stake in the green hydrogen project ? You may be right but even at those conservative values, it gives Oracle Power a much higher value than today’s price IMO. Securing the right terms of equity and investment is crucial in the near term and pushing plans in place to give this the green light for construction, The sooner the better.

· The joint venture company, Oracle Energy Limited ("Oracle Energy"), which was wholly owned by Oracle, aims to invest in, develop, own and operate a facility for the manufacture of green hydrogen in the Province of Sindh, ****stan and also undertake its storage, transportation and sale (the "Project").

· Oracle Energy, a limited liability company incorporated under the laws of ****stan, will be funded on a 70:30 basis by Kaheel Energy and Oracle Power respectively.

I think more and more washers, everything is now pointing towards the project going ahead and getting the green light. It’s slowly moving away from just “potential talk” and “speculation”.

We’ve seen Naheed speaking to numerous representatives from significant countries. We’ve seen a JV agreed with intentions to take this forward at pace. We’ve seen an £800,000 raise specifically designed to take this project to its next stages.

Once this gets the green light, the rest will be history. It still sucks for those sat on quite a chunky loss so that’s not something I can compare with right now but I think il be buying more. Speculation on telegram that some can see, myself included, a raise coming in the near future. If this £800,000 raise sees the company through for the foreseeable and helps then secure exactly what they need, it has my full support

Absolutely no issues with me. Let’s not forget the raise done at a price we were trading at just 4 days ago. If this raise helps us progress onto a stronger path with the project and build more concrete steps with technology suppliers and investment etc, it’s worth its weight in gold.

"We have been clear in our intention to rapidly move our green hydrogen ambitions forward and today's placing, will enable us to do just that through our newly established joint venture. Importantly, this fundraising will support our funding for Oracle Energy, ensuring that we are well positioned to make good headway with this significant strategic project without delay. In a world where energy security and competitiveness has never been so important, we believe we have a prime source for green and affordable power and we are committed to expediting its development."