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David Lenigas
@DavidLenigas
·
1h
I’m very please to see that
@OraclePowerPlc
have walked away from that African deal. Why? Oracle have real company making deals already in Pakistan and Australia and don’t need the distraction.
@Naheed_Memon
#ORCP Thumbs up
that account loss happened to me too. quick email to support and it was reactivated, no data lost.
Something else must be going on in the backroom....this rise cant just be on the price of oil. Who has mentioned a takeover.
I have just come back from being away for 2 months and was hoping that this would have been far more advanced. No, its the same , in fact its worse - no information at all, nothing being said. Last time I look there was excitement for the LOI and everybody was fizzing...what happened is this dead in the water? Got some catching up to do me thinks.
Well, that was a good day...... a few more like that and we’ll be back to the old timers price.
Looks bright
Seriously though, not a bad interview.
LOI isn’t coming yet as there is an evaluation of corroboration, the scale of this project being particularly large. Importantly, the COD remains in place for 2023, so as much as we believe we are being kept waiting.....there is no delay.
Oracle Power's CEO Naheed Memon talks to Proactive with her response to the level of activity amongst investors surrounding the status of the 'Letter of Intent' for the Thar Block VI Project.
Memon explains the LOI was applied for in March – shortly before the pandemic – and whilst Oracle originally believed that it would be issued during Q2, due to the various restrictions in force internationally, this was not possible.
Addressing the recent frustration from investors about the lack of guidance, Memon explains how the 2-3 months process from start to finish has turned into a 6-month process to date which is 'frustrating for all'.
Watch this go, was hoping to top up first thing - but not sure what it’ll open at now.