Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
The information was passed on through Power Technology who are a recognised analytics company, as are GlobalData. When going direct to GlobalData, it seems the original report was back in December, so this is likely the viewed outcome back then. Being as these are both secialists in reviewing companies, it is likely in my view, that they therefore believe the project is going ahead, but there has been a delay.
Interestingly, GlobalData also issued a report concerning the Solar and GH in January. I don't have a copy of it, because they sell their reports and they are quite expensive. The fact that they have made a report available though, is very promising. Again, only my view.
i don't know where they got the information from, so please do your own research on this. it's from globaldata.
https://www.power-technology.com/marketdata/power-plant-profile-thar-block-vi-power-plant-****stan/
Naheed's salary is £150k & she owns £173.7k of shares, so she has obviously not just bought shares through the Director purchase scheme. She is the third largest shareholder behind the Sheikh and HBOS, so most definitely has "Skin in the game".
Yep, we are at a point where we need to have some major good news drop. The same can be said for the past couple of years however. We've seen the sp drop by nearly 60% in the last year alone. No point in attempting a raise until the news is in. Fortunately, there is still a lot of news to come, so rather than feeling down at this point, I think it is another good buying opportunity for those with funds available. Once the news comes through, there is more chance of the sp rising dramatically, than any further drops. Just my opinion though....
They are obviously very keen to get recognition as a green energy supplier/developer, the confirmation of this was mentioned more than once in the last webinar. Naheed also said about them taking the time to get it right and things taking as long as it takes.
What hasn't happened yet, is for the market to start to recognise Oracle as a member of those recognised in this field. So I guess the question is, what exactly is the point at which the market comes on board? Time will tell, so the only thing that can be done in the meantime is complete the usual paths in as efficient and comprehensive manner as possible. It appears that is happening, so we may just have to wait for that point at which Oracle change from a possible, to a contender. Pretty sure that we'll see regular jumps in the sp/market value from that point onwards as each further stage is complete.
As for the final study from Thyssenkrupp, I wonder if some of the more sensitive information may be held back until the FID in Q3 2024?
An excellent presentation, clear and a good update on how the vision and projects are progressing.
My main take from it is that there are no unexpected surprises, nothing negative and lots of positives as all projects other than Jundee East are progressing well. The recognisation that it is better to put Jundee east on the back burner is a positive move.
Coal, more likely to progress than at any previous point. GH, already past the mid point of the initial survey. Solar, survey already in progress. Plus, we are constantly bringing in new partners and joining with extremely useful organisations to help us move forwards.
Cream on the top? We shall continue to move forward to create further green projects in the future.
For background information, it may be worth doing a search on Mammoth Solar farm in Indiana. It is a project of similar size (1.5GW), now halfway through it's creation, with it's first phase of power creation anticipated to be late this year. The project is expected to have taken 2 years from start to finish. Oracle Power are ahead of this timescale though as the Mammoth project had to deal with over 60 landowners. A headache Oracle Power won't have, as the land is already theirs.
Been mulling over the Solar project and it struck me how good the timing is. We've been waiting for a long time for ORCP to be recognised by the larger/Institutional investors. A large buy by any of such could see the sp rise exponentially. So how could the Solar project help?
The timing is perfect as far as financing is concerned. The average utility size solar plant takes around 18 months from first concept, to being plugged in to the grid. In a recent interview, it was said that FID for the Hydrogen was expected to be complete in around 18 months, plus they are commited to ensure the project hits completion.
Immediately after FID, work commences. Boots on the ground, structures & equipment put in place and everything moves very quickly. That will require funding. Having the Solar in place will give both an income source and a large asset to help raise any further finance.
So, how does this affect the sp now? Well, as we all know. Once things start moving, it's too late to buy at the bottom. I would imagine that we have already attracted a lot of attention amongst the larger investors and the situation is being followed in detail. As soon as the FID for the Solar is complete, things will start to develop very, very quickly. As the Solar will then run into aiding the financing of the Hydrogen project, it's likely to continue on an upward projectory for a long time.
The question now is, when is the Solar FID going to be complete? Also, are there plans to bring the gold into the equation? Selling the asset could bring in the financing for the Solar. Time will tell, but I for one, think it's all going to come together quite quickly now.
Onwards and upwards
The topographic survey should be complete now, so presumably it's over to ThyssenKrupp to do their part. That would open up the opportunity to apply for funding and getting boots on the ground.
In my mind, that gets us to the point where it becomes easier to value the project and the sp moves accordingly.
That said, this must surely be the bottom
Like others, I'm heavily down here, but happy to wait this one out. The results will be worth it in the long run.
We should be having the Thyssenkrupp coming through within the next 2-3 months, then it's boots on the ground. That is going to require major funds, so the discussions regarding that will either already have taken place, or doing so now. The report is what will obviously be what is being waited on for any JV partners to agree. The build is going to need confirmed, large investment. That for me, is the point where the sp will radically change.
Shouldn't be long now...........
It is getting to feel that there have been too many dilutions IMHO. Each one drops the sp, making it more difficult to do future rounds, as investors are worried if they are going to get their funds back. It may be in my imaginstion, but I thought that it had been said that we were going to go the route of other forms of funding as there were lots of options around GH.
We really are at the point where something needs to pull the sp back up from its' current levels, then we can continue to progress. There are still a lot of potential factors that could do it. We have various projects which could suddenly step up. My only worry here, is that all focus is on the GH.
Lets get at least one of our other projects moving...
We were told that there was going to be news soon.... on a gold JV, but nothing has occured. That the coal had to happen as it's needed, but nothing there either. The only thing we seem to be progressing with is the GH. Nothing wrong with that, but surely it must be obvious that we need to be told if that's the case.
China has said they will not be funding any more coal mines through CPEC, so presumably that means the funding is gone. That was confirmed on the recent meeting with them over a discussion regarding moving a 330MW power station.
Whilst admitting that nothing is likely to move forward on either of the gold and coal projects might seem like bad news, the sp is already in a major downward drop, with the lack of news, not helping. Better to get it out in the open and move on if that is the case.
Naheed keeps saying how she wants to bring value to the shareholders. Well she has quite a few major shareholders, currently looking at a major loss, with no information coming. The last few updates have just been shuffling around the same information we always get. I'm trying to stay positive here and feel that a piece of honest and direct information, could go a long way.
I mentioned in an earlier post, that it would only take a few of us major sharolders to use the 5% rule and call a general meeting for direct answers to specific questions. I'm starting to wonder if the need for such a meeting is imminent.
Again, trying to stay positive, but it's difficult where some of us have been in a long time and seen large investments eroded.
My own take on this mornings RNS.
A bit of negativity around this morning, although it's not all doom and gloom. Yes, the dilution has dropped the sp again, but it was pretty obvious that it would have to come at some point. It's the only way that the projects can move forwards. Otherwise we would be taking on loans, which would also have dropped the sp, plus we would have the added problem of having further outgoings to make all future payments towards them.
Looking at it the other way, we've secured further funding, so we can continue to progress. Raising funds is going to be an ongoing necessity. Either through dilution, or through bringing in investment partners (also dilution). It's the only way we can develop further.
It can been viewed as a positive move. A temporary drop in the sp, whilst there is further movement forward, taking us closer to growth, resulting in higher sp later on. We also have a new MOU, which gives us the opportunity to get an offtake LOI on the GH by year end.
Onwards and upwards....
Hi Ludlowland, try here. http://www.oraclepower.co.uk/investor-relations/regulatory-news/
Whilst I'm glad that we now have an update coming, I think that the Q&A format is a bit outdated now. Everyone knows that only the questions that fit the information they wish to give out, will be the ones that are answered. The others will either not get selected, or the reply will be that the information is not available at this time, for whatever reason. The chances of picking up some extra information, either by a slip up by the responder or reminding them of something they forgot to include, is extremely limited.
It's a lot more useful to have a full and detailed presentation. We would have information which could be further researched, verified and visibly checked against previous reports and our own views. Plus, checking data from various reports, gives a useful snapshot of the companies position over a historical timescale. A well documented report, with hopefully an executive summary, is far more useful than having to replay Q&A sessions when checking how things have changed and hopefully improved over time. They would serve as a good paper-trail of how far we've come, how well targets have been met, plus follow ups on what is still to be done.
It should also be definitive, without generalisations. No more "soon", for instance.
Just my opinion...
http://cpecinfo.com/projects/thar-mine-mouth-oracle-power-plant-1320mw-surface-mine/