Remember this19 Feb 2022 11:31
The story of the Thar Block VI Project and Oracle Power seems as old as the hills, especially with regard to the legendary LOI (Letter of Intent) from the ****stan Government to green light the project. Fortunately for Oracle shareholders, PM Imran Khan needs to show that he has / is doing something constructive with his time in office, rather than merely being in office. It would also appear that getting on the Green bandwagon is a good way of doing this. Therefore, backed by acute energy shortages it could / should very well be the case that 2021 is the year when Oracle gets over the line on Thar. That said, the best kicker here is arguably the start of the company diversifying into a general mining development group, and to this end the acquisition of two highly prospective gold projects in Western Australia could be the start of Oracle being as sought after as some of the other Australia focused winners of 2020 such as Wishbone Gold (WSBN) and Gunsynd (GUN