Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Other than October last year, we received our Quarterly updates by the middle of the month. Even the October one that arrived later had arrived by this point, so could it be that they are waiting on confirmation of some piece of news?
We are due our 4th Quarter report and hopefully Q&A any day now, so with so much to update us on, is there going to be some good news coming through?
The coal and power situation in ****stan is getting progressively worse every day, so pressure to open Thar VI must be mounting. Shortages of gas, also bring in further pressures.
We've not heard any updates on our potential gold JV for a while, so positive news on that front may be incoming and the last we heard on the land survey for the Hydrogen plant was that they were finding the site to be relatively flat, which is good news as it will speed up construction time.
It will also be interesting to hear what is happening regarding publicity, as it is now 2 months since Buchanan was retained as Public Relations Oficer. Again, it is hoped that there is some interesting and worthwhile campaigns coming forth to highlite and promote the Oracle Power name. Thus, increasing interested and raising the sp.
This has been a long journey, are we going to finally start to see some light at the end of the tunnel....
Kashdog and Magnum, thank you for your feedback.
I'm not actively looking towards setting up a group though, I'm just interested that we are at that level and wondering if anyone has any experience of such. The 5% rule is a human (shareholder) right, so must have been set up for some reason. It could be that it's a very beneficial one.
I can also ensure you that I have a job which more than fills my time and definitely do not fall into the idly rich category. I am, like others, heavily invested here. That means that I am also heavily invested in wanting to see this to be a very successful organisation, so am more than happy to do whatever I can to help such.
So any and all feedback is appreciated. We are all constantly learning...
With there being quite a lot of us who have very supportive of Oracle and investing quite heavily, there is likely a group which has now the 5% level between them. This is an important number as 5% is the magical number where a shareholder group start to be recognised as influential.
A group of shareholders owning 5% or more between them, can call a general meeting for example. With 3,078m shares in circulation, it would only take 50 shareholders with 3+ million shares each to become such a group. As there are quite a few of us who have far more than this figure, I should imagine that the actual number of shareholders required is probably a lot less. The reality is probably less than half this number.
I'm not aware that such a group has been formed within Oracle yet. I've never been in a position to be a member of such a group before either, so am not fully aware of how it would work and what benefits there may be, if any. So I thought I would post this here for feedback from any of you have had previous experience of such a situation/group.
Could it help Oracle or the shareholders in any way? Would it prove to be beneficial or disruptive?
Onwards and upwards....
****stan is currently desperate for international investors to come in. Even more so in various the areas of energy supply. The world and its' investors are watching how things progress on this stage and every delay put in place will be noted. There are some very influential players involved in the Oracle projects, who will no doubt be passing on their experiences to their peers, who may be considering other projects to aid ****stan move forward from thei current, precarious position.
Every delay is like an economical version of russian roulette. They can't afford to hold off much longer. It would be both economical and political suicide.
And, everyone is watching...
****stan is currently desperate for international investors to come in. Even more so in various the areas of energy supply. The world and its' investors are watching how things progress on this stage and every delay put in place will be noted. There are some very influential players involved in the Oracle projects, who will no doubt be passing on their experiences to their peers, who may be considering other projects to aid ****stan move forward from thei current, precarious position.
Every delay is like an economical version of russian roulette. They can't afford to hold off much longer. It would be both economical and political suicide.
And, everyone is watching...
Been looking back over some of the RNS feeds with a view to hopefully getting our next Q & A session, as we tend to get one around this time each year. It's interesting to note that it's now 12 months since our MOU with SSGC to develop Syngas from Thar VI. Could we finally be getting close to getting Thar VI up and running?
A exerpt from last Januarys RNS feed; "Our Thar Block VI Project is an asset with immense potential value for ****stan, particularly in the context of natural gas shortages and the intense price pressures associated with the import of LNG. The MoU with SSGC, the majority of which is owned by the Government of ****stan, could be a significant turning point in the pursuit to secure long-term domestic syngas and we are delighted to working with SSGC to produce a detailed technical and financial feasibility study to advance these plans. We look forward to updating the market further with the development of these studies as we jointly look to unlock the value of this strategic resource for the benefit of all stakeholders and in accordance with national demand."
Onwards and upwards...
https://www.ft.com/content/a96fbd92-2148-4520-9e89-31becab61304
Further Chinese funding. https://cpecinfo.com/china-to-help-****stan-maintain-financial-stability-ambassador-nong-rong/
I've always felt that this is a good time of year for me to review my portfolio. So I thought I might share my thoughts to see if it matches others views.
I have built a good size holding here, which is currently showing a several thousand pounds loss, so how confident do I feel?
There are three ongoing scenarios here, so let's take a brief overview.
Coal: So far, this hasn't moved at all, but is still seen as a sizeable asset. We have been told there may be movement "soon", once P***stan get their finances in order, so they can afford to buy coal from us, resulting in them giving us the LOI to proceed. Whilst many of us do not like the term "soon" as it doesn't give a definitive timeline, I think this is getting much closer than it was this time last year. The government is working in the right direction to get their finances in order and with an election coming up this year, there is further pressure to push this through. I personally feel that there is likely to be movement within a 3 month time period. The arrival of the LOI could ceate a multibagger, whilst any further delays are unlikely to affect the sp. So, lots of upside, little or no downside.
Gold: Again, we come across the term "soon", regarding a possible JV. With this, I have no idea where that leaves us. We are now into the closed season for gold mining and exploratory work, so does that mean we have to wait for the season to reopen to do more exploratory drills, or is enough information available for the JV to go ahead? Once the JV goes ahead, I would expect a reasonable upside to the sp, with further ongoing increases over the next 2-3 years. Further delays in getting the JV are unlikely to negatively affect the sp.
GH: This quarter sees the completion of the Land survey, enabling further devolpment to progress. There is a lot to process in such a huge project, but I still have faith in Oracle and Naheed to deliver. There are going to be further costs to get us past each stage, but I feel that this has been taken into account in the overall planning and will be mitigated by bringing in further partners as things progress. I would expect this to progress reasonably smoothly within the defined timeline. As such, the only downside may be any delays or political issues. The upside is a steady increase in the sp as we progress through each stage.
Overall: I feel that we are at the bottom of the curve. There is still plenty of upside here with the opporunity to see a huge increase in the sp if the coal comes through. If it doesn't, then the natural progression of the GH should build us towards a sizeable growth in the sp and our market value. I would agree with Naheed here that the sp could easily reach 10p. That could take up to 4 or 5 years, but the overall plan looks to head us in that direction.
So to answer my initial question about how I feel, given that I am currently showing my investment as being considerably in the red, I feel confident.
Onwards and
I agree lordsidcup that Thar is holding us back, I would further add that I feel the same about the gold. Thar has been dragging on for too many years now, for it not to be detrimentaly affecting the sp. I don't feel that it should be sold however. It's going to be four years until we start to see an income from GH, so the coal and gold are the only investments we can see any income from in the near term.
As far as we've been told, the delay for Thar is the government trying to get its' balance of payments in order, so that they can get in the position to buy the fuel. What I don't understand though, is why this hasn't been developed to sell the coal, gas and liquid to others in the near term. Is there something in the CPEC agreement blocking this? Surely any income is better than none? We would then also have a fully operational mine and conversion to gas/liquid plant ready set up, rather than starting from scratch once the agreement from the government has been met.
The JV for the gold is also something which is now dragging on. We have now passed the end of this years season, so are we going to have to wait until March/April for more exploratory holes to be drilled and then analysed? If so, then we could be looking at several months before any decision is made. Hopefully that isn't the case and we are close to a JV using the information already at hand. It would be good to know.
Certainly, news on either cold move the sp massively in the right direction. Without it though, we may well see a further slide and that could majorly damage investor confidence.
So Naheed, could we please have some focus and news on how the coal and gold are progressing?
Onwards and upwards
Yep, things are definitely quiet. Hopefully we get the Santa rally this year. Could do with some good news on most stocks to be honest, but Oracle are definitely the ones I'm looking forward to. Not sure how quickly the planning for the GH will be finished and I reckon it's going to be a while yet for Thar as ****stan still have to sort out their balance of payments, but we were told that the JV for gold may be close.
One thing that no one seems to have picked up on is Naheeds view that the sp would be likely to go exponential as this advances. A term that I am extremely interested to hear. We could be seeing huge leaps as international main scale investors come on board, as they will carry so much more weight within the perception of the overall project.
Thyssenkrupp, as far as I'm aware, stay until completion. It would seem that they have already agreed to do such, so I would imagine that they have at minimum, an advisory role until the project is up and running. It would be bad for their own image to do anything less, and as image is extremely important to such a company, one would imagine they follow through.
Excellent Naheed interview with Zak Mir this morning. Sounds like we are going to be getting a timeline/roadmap of what is happening. Also a good explanation on how we are going to be funded through the process. Should hopefully reduce some of the worries on how we can afford to get such a large project up and running.
https://www.**********.co.uk/articles/trader-s-cafe-with-zak-mir-naheed-memon-ceo-oracle-power-5431f7f/