Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
I would imagine that the first things to go would be the solar and wind farms, plus accomodation and infrastructure. That would mean that we could see income from the wind farm in 6 - 12 months and the solar farm in around 18 months, as it would make sense to sell the power until the GH is up and running. Wind farms are extremely quick to build. If the facility is close to a connectable grid connection, it could even be less than 6 months.
With the upcoming (hopefully) JV on gold, we could see further income arriving around the same time, or at least 6 months later. That's not including whatever is going to happen with Thar. Will the income be enough to fund the development of the GH? Probably not, but it could cover the cost of any ongoing payments towards any borrowing to get the GH up and running.
So we are likely to be only 6 - 12 months away from finally seeing some income coming in, plus a massive increase in the organisations overall assett value as each stage comes online. Naheed said things could progress very quickly once the land has been aquired, so hopefully a lot of the Wind and Solar has already been planned and ready to put in place.
Exiting times are on the way. Onwards and upwards.......
Good morning Spank TM. I think it is partly due to us having just paid out for the lease, plus the commencement of 'Boots on the ground', means we have a lot more expenditure coming up. Money out, with no money coming in etc. Of course, Thar or gold could change that very quickly.
Those exiting now are probably doing so with the intention of buying back in once the cash out:in ratio changes. Development expenditure is always a bit of a risk. Without any viable income, even more so. I'm sure this has all been taken into account within the mid term business planning though, so still feel confident.
Onwards and upwards....
We are coming up to 4 years since Naheed took over (January 2019) and have seen a lot of changes in the direction of the company, with exciting new projects brought on board. In that time, we've seen the sp peak at 1.65 in December 2019, then slowly decline to the point we are at today, 0.25 at the time of writing. This is normal for any organisation with new project development, especially within the mining industry.
GH is still aways to go and we are waiting on what is going to happen with Thar. As regards the gold, this would now put us at the Institutional/strategic investment point, where JVs and other partners normally come on board and invest directly in the setting up of the mining facility. It sounds like that may well be the case with at least one of our gold mines. At this point, the sp is likely to jump quite considerably and remain at its' higher point for the duration of the mines viable use.
It would be useful to know what our timelines for the incoming JV and expected construction time of the mine would be (anything from 1 year to 3 or 4), as this would help us, as investors, to know what the future may bring regarding sp value. The term 'soon' should definitely be avoided IMHO as this shows a total avoidance of clarity.
Onwards and upwards....
For me, what I would really like to see is for some form of income coming through. The two avenues for that have to be the gold and coal. It would be good if we get an indication on those this evening. Notification of a JV for the gold or definitive timeframe for coal extraction, would both go a long way to build confidence and improve the sp
Yep, 0.3 seems to be a definite breakout point. It's hit it a few times now and just needs that little push to break through, then the floodgates could open. The stochastics look good for a run from there, it's not dropped back far from each time it's hit it, so I wouldn't be suprised if there are a lot with signals set at that point.
I'm sure that Oracle are starting to get some recognition now. Just that little push or a good RNS and things are going to start to fly. Likely to be quite a bit of good news coming through for the next few months and onwards with so many projects on the go. I know that there are many of us who felt that this year was going to see the turning point and there's lot's of evidence that it's finally happening. Onwards and upwards....
There is so much media coverage over the trip to China and the signings that are due to take place. Add that to the recent IG video. Surely there has just been courtesy from Oracle here on holding back news. Is this going to finally be the LOI we have been waiting so long for?......
Makes sense to average down whilst the opportunity is there. I was around 0.45 last year, but have now got myself to 0.32. Now sitting with over 5 mil though, so can't afford to buy enough to make much of a difference now. With so much coming up on all three projects, there won't be much chance of getting in at this price for much longer IMHO.
“The Chinese are ready to set-up a working group on the mining sector therefore, we must give them some tangible proposals,” said the minister, while stressing the ministries to make a concrete plan rather than a business-as usual approach. https://www.newswire.com.pk/2022/10/20/cpec-681/
(viii) convening of 11th JCC meeting
https://www.brecorder.com/news/40200314
So two more pieces of good news this morning. With the introduction of a second director share purchase plan from October and also the upcoming JCC meeting in the first week of November, things are progressing quite nicely methinks.
Onwards and upwards...
Personally, I see this as extremely positive. The points to be met over the next 18 months were no more than what would have been expected and are likely already included in the projected plan. The only thing was missing was the LOI to get the plan started. We are now there.
Naheed has been open about what has been required in the past and I'm positive she will have already anticipated what needs to be done now. We have to remember how good she is at getting things done. Game on!
Surely both the LOI's for this and Thar VI must be imminent now. The fuel crisis is getting worse by the day, so there is no sensible reason to keep this delayed. I understand that the Coal may require confirmation at the next JCC, but the Green Hydrogen project has got its' bank guarantee, which was the only delaying factor. Come on guys, let's get the paperwork signed.....
Onwards and upwards