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“We move into a highly active period “
The kiss of death which doesn’t let up.
This company to me has bigger ambition than I’ve ever seen in this market. The rewards, if executed well, will be life changing and will remembered for decades.
Implementing the Green Hydrogen project, to its current phase, I believe the company have done quite well, especially after completing the DFS which demonstrates “significant encouragement” for the development to continue
However, protecting the shareholders interests, and by that, the share price, they couldn’t have done more damage if they’ve tried. Which now leads us to a position of the dreaded 30% dilution every time they need to go to market. We need movement, we need dialogue and communication, and we need it fast
The only positive right now is we hold 35% of the current MCAP as Cash
We need Naheed to tell us why, as shareholders we're unable to see the Feasibility report in full. I know they've mentioned it's commercially sensitive, but if so, at what point will we see it, and what steps does the project need to undertake before it secures significant backing. We need details, far more details than what has been divulged and unless this is communicated to shareholders soon, there's nothing stopping this TANKING further
Actions, not words. I've been Routing for the company to come out soon and prove a lot of people wrong but they've really, really not helped themselves today. A 27% Dilution at a 50% Discount !!!!!
Https://www.lse.co.uk/rns/ORCP/gold-exploration-update-fo6ge7dmnw1r5wf.html
passiton, it was Oracle on 07 March 2022 who announced the Exploration target for NZ, RGL merely copy and pasted it. RGL, currently have officially hit nothing like a Motherload. Lets wait until the latest Drilling results are ready
My near term concentration has rapidly switched from "Green Hydrogen Project Progress", to "Survival of the company"
The company can continue issuing Capital down at this price, but at what cost. 1 Warrant issued for every 2 placing shares so there you have an extra 500,000,000 shares. The same again, or more in February, will continue to significantly dilute your investment here where the game turns into "Aggressive accumulation" for every shareholder, to try and make up for the increase of shares in circulation. I've always been accustomed to the idea of fundraisings and placings, but this one seems excessive in every which way you look at it. It wont be long until you can pick up 10 million shares for £1,000, when 18 months ago, the same transaction would cost you £20-£30k
Still a little bit shocked by the enormity of this today. And looking at the wordings Naheed added, ongoing financial Feasibility studies (In relation to Green Hydrogen Project), it suggests to me that any Complete, binding, or Financial backing news will not be with us at any time in the near future until those are completed, as you'd naturally imagine
Onwards and Upwards :(
I've asked ZM on twitter to get on her on a podcast in the near future, he liked the tweet. Clarification, direction, milestones. She needs to surface and steer this ship or jump off. In terms of having responsibility for shareholder Capital, finances and interest, she has failed on an unparalleled proportion
After this disasterous announcement and reading this
“The net proceeds of the Placing will be primarily used to support the advancement of the Company's green hydrogen project (the "Project")”
Surely we’re entitled to find out exactly what that £350,000 will be used for. Traceability is key here, and transparency with the shareholders and making sure that this money isn’t just lining the directors pockets.
Zan, it is extremely poor though I agree and a significant discount, at a time we’ve already been in rocky waters
I’ve kind of just blindly accepted Naheed, bought into the vision of the company and the progress for the GHP had kept my spirits relatively high. But when is enough, enough ?
What a kick in the teeth to long term shareholders here lately. A 70-80% decline YoY, but then to open a further 50% down to that in a single day is disgusting.
If financing isn’t close (which I have no evidence whether it is or isn’t), and offtake agreements, any binding agreement for that matter, how low could this actually go? Confetti shares. It’ll need a run like I’ve never seen in the AIM, just for some to break even.
Come on Naheed, Q&A, address the shareholders properly, it’s time and give us something to believe in. Timelines, project milestones and turn this around
Https://www.lse.co.uk/rns/ORCP/director-share-purchase-plan-update-gde52ewoiwl4myr.html
19-20 months
Director buys which were promised - What a broken record this is. Wasn't it 16-18 months the directors were locked into the Salary sacrifice (Not compulsory), which in that time the directors accumulated Millions of shares, hundreds of millions of shares?
Far more Activity than I've seen elsewhere in any of my current or past investments
Naheed has over 100,000,000 shares. She needs no more incentive to get this moving and as far as I'm concerned, has contributed her part, and a lot more to this course
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.