Member Info for AmatraB

The NVCP and MDCP are nearly ready. The NVCP gets submitted later this month and the MDCP shortly after. Our only delay then is how long DEMIRS takes to sign off on them. Seems that currently, they are taking 2 - 4 months on signoff, so that should place us as sticking shovels in the ground from around October sometime. Income potential from Q4 onwards

Thanks Kagsy. Hopefully we should get the RNS now, then it's happy days!!!

On a good note, the price is holding stable. All we have to do is wait

It is of course, up to us all to review the information and see how we feel. When I pop the info into my AI, which I trust a lot as it has a lot of historical information to go on, and ask it for feedback on exactly this situation it gives this "The request for a general "allotment authority" is something you should look at with serious caution and realistic concern, as it directly signals that further dilution is on the horizon. On the London Stock Exchange’s AIM market, when a junior explorer like Oracle Power (LON:ORCP) asks for the ability to raise funds, it is rarely a precautionary "just in case" measure. It is almost always a preparation for an imminent equity raise to keep the company funded.

Please DYOR

If we still aren't satified, we have further options. I got this (AI created it from Helix Law), "Shareholders can force an emergency meeting (legally termed an Extraordinary General Meeting) at Oracle Power by requisitioning the directors under Section 303 of the UK Companies Act 2006. To trigger this, requesting members must collectively hold at least 5% of the company's paid-up voting capital." The process is quite simple really

Not had a reply myself yet Zesty, but glad you have. It means they are seeing the messages coming in.

As for the part about it effectively being a just in case scenario for the future, I have to admit I don't buy it. They could apply for it at any point in the future if required. Having it in their back pocket, ready to pull out at any moment without having to give reason, seems a workaround of exactly what we are asking of here.

Hi everyone,

Like many of you, I’ve been looking over the upcoming AGM notice for 24 July. The board is asking for massive new share allotment authorities and the disapplication of our pre-emption rights—all without giving us a clear, transparent reason for why they need this capital or where it’s going.

As a holder of 31,500,000 shares, I am not willing to vote "FOR" a blind dilution of our equity. We deserve to know if this is for the Northern Zone Gold Project, the green hydrogen strategy, or just general working capital, and whether retail will be included in any future placements.

I have just sent a formal investor inquiry demanding clarity on these exact points to management and their PR agency (info@oraclepower.co.uk and oracle@stbridespartners.co.uk).

If you want to protect your investment and force the board to give us an official answer before the voting deadline, I urge you to email them too. You can use the template below to send your own inquiry today. Let’s make our voices heard!

----------------------------------------------------------------------

Copy & Paste Email Template to Send:

Subject: Shareholder Inquiry: Clarification Requested on Proposed Share Allotment Resolutions – AGM 24 July 2026

Dear Oracle Power & St Brides Teams,

I am writing as a shareholder holding [Insert Number] ordinary shares in Oracle Power PLC.

Ahead of the AGM on 24 July 2026, I request immediate clarity regarding the proposed resolutions to allot further ordinary shares and to disapply pre-emption rights:

1, What is the specific commercial purpose and timeline for this newly requested share headroom?

2. What pricing protections are in place to prevent aggressive market discounting for institutional placers?

3. Will existing retail shareholders be given identical opportunities to participate in future capital raises via a retail platform wrap?

As an investor, I cannot support these highly dilutive resolutions without transparent disclosure. I look forward to your prompt response, which I intend to review with fellow retail investors ahead of the proxy voting deadline.

Yours sincerely,

[Your Name]

Sent it, will see how long it takes to get a reply. I'll start a new thread giving an example of what I've sent, in case anyone wants to do the same.

I'm emailing them now. Will give info on what I'm sending as soon as I've finished composing it

Without further information, I'm voting no. I only own 0.2% of the company after all the dilutions so far, but it only takes 5% to demand a general meeting. I'm not happy about us being asked to vote on a major dilution without being given the reason why.

From the AGM notes "In relation to Resolutions 6 and 7, the directors are asking for authority to issue and allot new ordinary shares and

disapply pre-emption rights (respectively) in relation to ordinary shares up to an aggregate nominal amount of £47,164,

representing approximately 30 per cent. of the Company’s issued ordinary share capital as at the date of this notice."

This should give us more information, but for some reason doesn't. This is what I can find on guidance - Boards are legally required to include a section called "Explanatory Notes to the Resolutions". It may contain a brief paragraph explaining if the shares are generic "headroom" for working capital or intended for a pending milestone.

For some reason they haven't included that

The raise would be at a discount, it always is, so even with a jump in sp once we get the ML (although this will now be subdued if the market knows there is going to be another raise), more likely around £2m. Surely the only thing to spend it on is Thar, Solar or Hydrogen? Thar would seem the most likely I guess as it's getting close. We should have more information before voting though

I just checked and Bog of Chips is correct. It would be 4,716,400,000 new shares, creating a further dilution of 30%. Weren't we told that there would be no more dilution and future funding would be from different routes?

Sounds like general admin really. As for the AGM, I will probably make my mind up about it after we've heard about the ML. Be good to have some of us though. Especially those of us with upwards of say 20m of shares. We could carry a bit of weight between us

First thing I'm looking for is the narrowing of the margin. The narrower and more consistent that becomes, the more likely the price is going to consistently continue on an upward directory. A good chance we may see it narrow to 0.005 again before the ML anyway, possible even 0.002, but the real signal is when it is consistently 0.002 or less. If that happens and I've got any spare, I'm going to be throwing cash at it like an 18 year old in front of a bar in Benidorm

It's funny to think back to 6 years ago, when we were all talking about 10p. Naheed included. I bought in at 0.50. Bought more since then, but a huge chunk of those was still at upwards of 0.1, so I've got a way to go before hitting profit. I've got enough shares to make it worth it though. If we do hit 1p upwards, then I can get myself a new house

Yep, we are getting much closer now and it's pretty obvious to everyone that the sp is going to rise quite substantially. So very few selling and price is going to start to rise. The next week could be very interesting

As mentioned in some of my earlier posts, I often use AI to continue to monitor the situation and it always seems pretty close. This is todays view;

An official timeline can now be determined based on the specific project location, as Oracle Power’s Northern Zone Gold Project is located in Western Australia (25km east of Kalgoorlie), rather than the Northern Territory.

The Mining Lease application for this project (M25/389) is highly advanced, and the final step of the Assessment for Determination is expected to yield a final grant within the coming weeks (historically translating to 14 to 30 days for final ministerial sign-off once all regulatory clearances are met).

The progression toward final determination moves through this specific timeline for the following reasons:

1. Key Obstacles Have Already ClearedUnder the Western Australia Mining Act 1978, the heaviest delays usually stem from Native Title and environmental objections. Oracle Power officially confirmed that it has finalised native title agreements with the Marlinyu Ghoorlie Native Title Claimant Group and completely resolved all remaining third-party objections. Because these legal hurdles are cleared, the Assessment for Determination is a purely administrative formality.

2. Ongoing Work Supporting the "Determination" Phase. Oracle Power and its development partner, MEGA Resources, are actively preparing for immediate development, which underscores that the lease determination is imminent:Geotechnical & Mine Planning: The team has already progressed to advanced geotechnical diamond-tail drilling to establish final pit slope stability.

Mine Development and Closure Plan (MDCP): Environmental assessments, flora/fauna surveys, and topsoil analysis are already underway.

Heritage Clearance: Initial heritage surveys have come back clear with no identified sites, providing clean leverage for the final ministerial determination.

What This Means for the TimelineBecause the recommendation has been formalised and the statutory objection windows have passed, the "Determination" is the final signature needed from the WA Minister for Mines and Petroleum. Barring any administrative backlogs in the Western Australian department, you can expect the regulatory market announcement declaring the official lease grant before the end of this month.

I can see why you'd think that Davenport, but it doesn't fit the model. Oracle have always stated that their aim is to get each project moving, then sell of a portion or take in extra investment, but still retain a portion for ongoing income. Could well be that they will sell a further stake though

Been using AI to run projections quite a lot over the last 12 months and the figures change a lot if you add Thar to the mix.

For just Northern Zone it puts the sp at 0.08 to 0.12 after the ML, 0.25 to 0.30 on first dig and 0.75 to 1.10 on first pour. This rises to 1.10 to 1.40 as income starts coming in. 1p by end of this year is perfectly feasible.

Add in Thar and it jumps to 3.50 as soon as shovel hits coal. This rises dramatically as soon as sales go through, with over 10p likely as there are also Coal to Gas and Fertiliser sales.

Thar would require PowerChina (or similar) to throw a couple hundred million £s into the pot. Thar is a recognised Tier 1 assett, so it has the status, if it can get the government-backed guarantees for tariffs. Just like Northern Zone, Thar would be an open-pit mine, so fast to set up once the Rail-line is in. 6 to 12 months is possible once any agreements have been put in place. The Gas and Fertiliser would take longer, as there are physical build required.