Member Info for Darlonil

So many false dawns with this share - lost quite a bit over the years - get out now is my advice but DYOR

KAT = awful share

Wait until back to 1.25p then top up. I've been in and out of Webis over the last 3 years now , learnt the hard way at the start but may have just managed to break even on this share now. One day it will soar but I believe that is still many months away. Play the game until then.

They've just released an RNS saying

Oracle Power PLC (AIM:ORCP), the UK energy developer of a combined lignite coal mine and mine mouth power plant located in Block VI of the Thar desert in the south-east of the Sindh Province of Pakistan (the "Project") notes today's share price movement and an article published today in the Dawn newspaper in Pakistan and confirms that the Company is in negotiations with the private office of H.H. Sheik Ahmed Dalmook Juma Al Maktoum, a shareholder in the Company, and China Coal Energy Company to form a Joint Development Agreement in order to develop the Project.

WE know how reliable the Sheik is

Whilst the Company is hopeful that an agreement will be reached in the near future, there can be no guarantee that any such agreement will be entered into or as to the terms of such agreement.

I made a very small amount trading this in April and kept it on my watch list. Buying price has dropped from 14.5p to 5.48p today - 62%.

Just read Q3 results again and to my calculation cash must be getting really tight i.e check down the side of the sofa. Surely they need to make some sort of announcement soon

I lost over £9k in this share in 2014/15 and have steered clear ever since - now may be a good time to try and get my money back but I can't bring myself around to hit that buy button.

I'm now in as well

Adam

Let's hope it works for you and I come in a bit later and make some money as well.

I thought it relevant that a holder had sold because of his worry with regard to 'possibly' missing a covenant payment.
Sometimes its what's not said in the RNS that you have to be aware of. I think this is a sit and watch until clarification on the debt position is made.

Maverick posted he had sold half his holding as he believed the company was in breach of its covenants. Someone - maybe Adam called him a joker and referred him to the quarterly report which said the payments for the quarter had been made. I then pointed out the quarterly report also said.
The December tender has been cancelled due to fewer carats being recovered as a result of the power outage, and consequently the Company's next tender will take place in January 2020. The loss of revenue and higher operating costs will impact the Company's cash balance, and together with the impact of a weaker diamond pricing environment, has placed further focus on finding an interim solution regarding its indebtedness with ABSA bank and the bondholders, who both remain actively engaged.

Saying that maybe it's this quarters covenant that is being missed. Thread then removed

Yes - I'm concerned the thread was removed - no idea why

That worries me

Thought it was always in production just needed to use generators at an additional cost

I'm invested for £13k at 24p and I think that is probably a bit rash for an AIM share - £100k in one share, on AIM - no thanks

£100k invested in AIM - f-ing nuts

Says everything really - Q3 results on the website, oh no they're not

The trouble is people (me included) get greedy and are always looking to 'multibag' or at the least double their money in a short period of time. In the long run this doesn't work and you will lose more than you win.
As the fable the tortoise v the hare says ' 'slow and steady wind the race'.

Put a small % of you cash in a 'high risk' share (I wouldn't recommend this one) and the rest in reliable blue chips - Compass has grown 15% since the 14th May and returned a 13.8p per share interim dividend in July. Good shares , with reasonable growth are out there.

There's always blood on the streets of Teeside (Middlesbrough , Hartlepool & Stockton)

No - you are all trying to catch a falling knife

There you have it - lost £100 and I had fair bit of info to hand

Is BOIL a good investment at 0.12- I have no idea.