Member Info for BD11

This is the most significant RNS we have had in the last three years. This basically says that China will finance and build the project.
We'll end up with 10% of revenues at best, which will be just fine, as this means we'll have a chance to recoup all our share price losses. I forecast we'll be back to 1,5 p in the next 18 months

ART, you seem new to this.
Whatever happended to Oracle had nothing to do with Covid.
It was the old government in ****stan that had another agenda. The Chinese pushed this, and China Coal was backing this.
Now we seem to have a breakthrough though, let's see.

Item 5 is already under construction, I interpret this as a new project, and we are the only one that fits the bill:)

There is a big shareholder here that is drawing blood from us, with every positive news they are there ready to sell shed loads..
The £12k buy that everyone is excited about is a sell, without this player we would have hit 0,5 today, and we would have been at 1p.
Everyone is also excited about the Sheik buying in and that it is a good sign that he bought on the last day of redemption, after having had the option for two years........well, do the maths...., option cost 0,25 & share price 0,35....there is a lot of noise on this board now.

These were converted today, although no doubt that some of these were forward sold.

Casper you did the right thing by leaving last year, I held my cool in spite of the lost value and missed alternative investments (GDR, Novacyt and BRH which I called correctly but my funds were tied here...)
CTG is also in line with Imran Khan, the only question is how long they will drag their feet with this as the policy should have been ready in September as per the message they relayed back in March after our presentation.

Anyway, good luck to us:)

Coal to gas indeed, but this means that the power plant is not happening anymore..:( I guess it was expected but I grasped after my straws.

Coal to gas as a project was completely independent from the power plant, and it was the power plant that attracted me two years ago.
Anyway, no more expectations from my side, but I guess that there is nothing to be lost anymore.

I hope you are right Washers

I think it is about the gold now.

So Oracle has been once again excluded from IGCEP......I would have thought that with all the toing and froing they would have been included in the last proposal...lets see if the 10th JCC is held this week and if we are mentioned there..

It is only 10% of their salary....do you want to pay them more??

Be patient, this is two weeks old but at least the CPEC head is considering this, whereas before the previous one was against Oracle.

https://www.dawn.com/news/1641091

So happy Asim is gone, he had his own agenda and lined his pockets.
If you guys remember he tweeted about our project saying that we are not up to it - understand and gree that Oracle can't do it themselves, but China Coal?

Anyway, never liked the guy and happy he is out.
B

As dissapointed as we all are, I am not of the opinion that NM has lied at all, like other (AIM)CEOs do.
I still think she is good, although maybe a bit too optimistic at times.

The postponement is more probably related to the terror attack than Thar, I do expect both parties to have agreed the agenda beforehand.

Really dissapointed that the LOI has not come through so far, and also confused now with regards to the extent that China Coal is driving this internally in China..anyway...

Let's hope it will be 2021...they should have spun off the gold prospecting, everyone is still focused only on Thar and see this as a smokescreen (I do not though, although truth be told I am in for Thar also..)
Let's hope we get that LOI signed this autumn at least, it will not happen before that

You need to do your own research John, just look through the company presentations and you will get the hang of it, it is your money.
Just to give you a pointer though, it is about $400m for the power plant. But we will not own this, Oracle only has 12%.
Please DYOR

fiveoates I hope we are both doing the right thing

I have been invested for quite a long time, and missed other opportunities that I had also researched as I had the capital tied up here. With hindsight, of course I should have sold at >1.5p, but then I still believe in this project.
The JCC was pucshed back, and should the project have been cancelled IK would have had many opportunities to boast that PAK does not want more coal and that this project is cancelled. The fact that it was merely pushed back, as much as I am frustrated, shows that China still wants it.
With COD Dec 2026 there is no rush for them now, so I do not expect LOI approval to come before JCC, which I think is happening in Sep 2021.
NM can't really say anything more than this, but she has inivested £200k herself at a price quite close to the prevailing share price, to be compared with many other companies on AIM where the CEO would join a placing at a steep discount. For me, that is a show of confidence. But what do I know.

Whili we are in holding pattern, and do have finances, why not invest in Gold?? Besides, you need to remember that once we get the approval China Coal will develop Thar.

Good luck to all genuine L/T holders - this includes Brandon, the Sheik, NM, myself:) and a few others:)

We are not probable going to hear anything until the next JCC, probably happening in Sep.

There are so many impatient gamblers writing on this board, hopefully nobody will take any offence, but it woudl have been nice if a group of people would do and share some proper research and at least be amateur investors.

Surely, blaming the board of a 5 person company with a market cap level of a house in a posh London suburb that the negotiations between China and ****stan governments have not yeilded the expected results is going overboard...no more comment