Member Info for GingerHippo

Clearly many people's confidence is low, hence the sp. But personally my confidence in what's coming has never been higher.

Re timelines, we know we have offtake signing expected at COP28, so that's 5 months away. We know we have just over 10 months to complete several tasks at Thar. We know the DFS is due to be finished this month (is almost certainly already done, but who said it has to be published?). We know the CET power study is due in Q3.

So I think we actually know quite a lot, but there is a disconnect between that and the market perception.

EG we had a guy last week on Twitter complaining of no progress at Thar. That's not true, we have a MOU with 3 billion-dollar entities. The tweeter corrected himself. But I think that's the point, the first tweet was his perception, not reality, and I think that's what's going on with this company.

A massive opportunity for anyone who can see beyond the market perception IMO.

The sp action is bizarre.

You can't tell me the sp went down 6 weeks ago because the placing shares were forward sold AND tell me it's going down now because the placing shares hit the market today. They can only sell the shares once.

It also makes no sense for them to be selling today because shares are being sold today for less than they bought the placing share for.

So this is either market manipulation, PIs getting bored, burnt-out or capitulating, or both. Neither is something I worry about personally.

Https://www.miragenews.com/report-outlines-roadmap-to-fast-track-chinas-1035055/

The government's Medium- and Long-Term Plan for the Development of the Hydrogen Energy Industry (2021-2035) defines, for the first time, the strategic importance of hydrogen as an energy source within China's wider national development policy.

To deliver this new technology at the scale required, China will need to focus on developing the sector through industrial, regional and GLOBAL COLLABORATION.

"The industry is indeed at an initial stage, yet the public and private sector leaders in China cannot underestimate how catalytic the role of green hydrogen could be," said Liming Chen, Chair of Greater China, World Economic Forum. "We need PARTNERSHIPS across sectors, from upstream to downstream, to make sure we accelerate the momentum."

"Hydrogen is crucial to the net-zero transition of the power sector," said Jianling Deng, President, China Huaneng Group Co., Ltd. "It matches well with large-scale renewable energy such as wind and solar to achieve dynamic energy storage across seasons and regions."

Actually we have a LOI for the GH project, and the Sindh government is our partner in the Thar project, so not sure what you mean there.

Lol. Goes on and on about non dilutive finance.

Next RNS says we've joined an organisation that puts us in touch with financiers.

Complains!!

"in ****stan, the private office has demonstrated its commitment to the energy sector through various investments, including the oracle energy green hydrogen project."

https://www.brecorder.com/news/40249793/energy-solutions-uae-commits-investment-package-mous-signed

GGGI have put project developers in contact with some of the largest funders in the world. There include:

World Bank: The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for development projects. Its total assets were valued at $467 billion as of 2021.

United Nations Development Program (UNDP): The UNDP is the United Nations' global development network, providing expertise and support to countries in their efforts to achieve sustainable development. Its total budget for 2021-2022 is approximately $5.4 billion.

Asian Development Bank (ADB): The ADB is a regional development bank that provides loans, grants, and technical assistance to its member countries in the Asia-Pacific region. As of 2021, its total subscribed capital was $189.6 billion.

United Nations Environment Program (UNEP): UNEP is the leading global environmental authority that sets the global environmental agenda and promotes sustainable development. Its budget for the 2020-2021 biennium was $745.2 million.

Department for Business, Energy, and Industrial Strategy, United Kingdom (BEIS): BEIS is a department of the UK government that focuses on business, industrial strategy, science, innovation, energy, and climate change. Its budget for 2021-2022 was approximately £11.1 billion.

what the rns actually said was this:

the project steering committee comprises of the following four members:

· naheed memon, naved akhtar, wang bo, chief representative of ****stan, cet

the inaugural meeting of the newly formed steering committee was held on friday, may 12. the company has also taken another major step forward in relation to the completion of the bankable feasibility studies for the 1.2 gw hybrid power, grid interconnection and storage architecture for the project.

....... the signing of a joint development agreement (jda) with oracle and a shareholder agreement envisaged as the next potential steps.

this comes after wang bo said the following:

"we are very excited about the prospect of potentially financing, constructing and operating what will be ****stan's largest renewable power facility, a crucial process to bringing the green hydrogen project to the international markets for this crucial source of energy. the value of oracle energy's expertise and knowledge of the ****stani energy market, combined with the highly respected partners they already have, will be crucial in making this project not only a reality, but also one of significance from a global perspective."

To my mind the simplest way forward would be for CET to buy say 80% of Oracle Energy for £x millions.

I think that's what she meant by getting a premium ahead of construction.

Yes yes filter away.

It must be nice, just hanging around criticising other people's investments. That way you never need to make a decision yourself and it's a nice easy way to pretend to be more intelligent than you actually are.

I can see you chose your words carefully. But you are choosing to write them here today to get a reaction. You'll get upset if I call you a troll again, but that seems to be what you are doing.

As to the sp dip 6 weeks ago, this has been discussed ad nauseum. Enough already.

LW, you just invented a scenario and then asked if that erodes trust in management.

Stick to facts please.

Personally I don't believe the shares were forward sold so far in advance. A few days is normal, 6 weeks is not. Plus that would mean a placing was done at 0.1p when the sp was at .17p which I think is extremely unlikely.

Put it this way. If I’m wrong I stand to lose a chunk of cash. If I’m even half right here I stand to make a fortune. My analysis tells me I’m right. So what do you think I’m doing?

You may doubt Naheed ability to close a deal but do you doubt the Chinese governments ability to close a deal with itself (essentially), or Sheikh Ahmed’s ability to close a deal with state-owned EGA?

Come on, get real. These deals are going to happen.

We’ve discussed this at length too.

MOUs are not nothing, normally do lead to binding contracts, and are exactly what I would expect to be happen at this stage if the projects.

And as I’ve said before, clearly the market doesn’t value MOUs much. But I think that’s barmy tbh.

Don’t forget, Mr Market is bipolar, and it’s only by sticking to your own assessment that you gain an advantage. If you’re not prepared to think for yourself, buy the index.

Obviously the current state of the markets is driving everything down. Personally I’m filling my boots, confident in the long term.

"Surely, that's the question that YOU should be asking yourself?"

I have and do think about this a lot. And since I cannot see a (non-extraordinary) logical reason why these projects wouldn't happen, my conviction goes up every time I come back to it.

Btw, this isn’t my first rodeo. I’m very used to holding paper losses for a long time before being substantially rewarded. It does work.

That’s also not investment advice.

I’m not a trader, I cannot time the market. I invest long term only.

As we’ve discussed, the only reason I dislike the sp going down is because of the effect of dilution. Otherwise it’s an opportunity for me to cheaply buy a company I believe has fantastic long term prospects. Dilution bothers me obviously (although it’s inevitable), the 20% drop doesn’t bother me one bit.

AG, read on slightly on that RNS and it says this:

"PowerChina International, a leading power and infrastructure construction company has declared its interest to be part of the development and execution of either of the Project Options."

In other words, whichever option is chosen, PC want to own part of it.

Why does anyone think this might not happen?