Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Q4 shareholder update , is due imminently ( last year 31st jan)
Naheed has at least updated regularly every quarter as opposed to some stocks where there is radio silence throughout the year
This will be a company defining update as if nothing substantial is announced then the raise that is almost certainly needed in the next couple of months will probably not even be realised.
Oracle Energy has paid an initial consideration of US$1,830,000 (split 70/30 between His Highness Sheikh Ahmed Dalmook Al Maktoum and Oracle Power respectively) for the first 10 years for the Lease Acquisition, which is for a minimum of 30 years. Further payments are made for every further ten year period, with the next payments due in 2033 and 2043, and these would double per every 10 years.
As for the Sheikh, other than his private holding in ORCP, do you actually have any detailed knowledge or confirmation of what money, if any, he has actually put into the green projects? see below
Oracle Energy has paid an initial consideration of US$1,830,000 (split 70/30 between His Highness Sheikh Ahmed Dalmook Al Maktoum and Oracle Power respectively) for the first 10 years for the Lease Acquisition, which is for a minimum of 30 years. Further payments are made for every further ten year period, with the next payments due in 2033 and 2043, and these would double per every 10 years.
I wont add now until I see Naheed and the board put their own money on the line, either via a substantial share purchase or massive salary sacrifice-
for the sake of 350k they have decimated the value of LTHs hard earned monies and i am fuming ,
This is on Naheed , she has demonstrated a poor command of the market, other companies with minor projects are able to raise a couple of million to keep the lights on instead going cap in hand every few months-cant believe if the line is close she didn't just go to the Sheikh or the Chinese for a loan
Https://thefridaytimes.com/24-Sep-2023/fab-joins-forces-with-blue-carbon-for-climate-action-green-investments-backed-by-their-dollar-75-billion-fund
Sheikh Ahmed Dalmook Al Maktoum -- a man well connected
FAB, the UAE's largest bank and a leader in green finance, has set an ambitious goal of dedicating $75 billion to sustainable finance initiatives by 2030, with $14.2 billion already allocated to environmentally and socially responsible solutions.
a lot of people myself including first invested here on the back of a potential block 6 thar coal mine , this has been kicked down the road for a variety of reasons none more so than government bureaucracy.
however since then the company has done extremely well with its limited funding to progress this green hydrogen project to where it now is, people must be reminded that oracle energy is 70% owned by sheikh ahmed dalmook al makhtoom--- he has invested in the land acquisition an is connected enough to help finance this project alongside the state grid corporation of china.
if we re- read some of the previous info we will not be as defeatist as some are
his highness sheikh ahmed dalmook al maktoum, who owns 70% of oracle energy, and is an active investor and developer of a number of power generation projects across the middle east, asia and africa, stated:
"oracle energy's vision of developing one of the largest green hydrogen production facilities globally has taken significant strides towards being realised through partnering with state grid of china, the largest power utility in the world. having acquired the required land to build the project late in 2022, and having made significant progress in planning the construction of the green hydrogen production facility with thyssenkrupp, oracle energy is looking to fast-track the development of the project by partnering with one of the world's leading companies, which has both financing capability, as well as significant experience of constructing large power projects globally. we look forward to working closely with cet and our other world class partners in maintaining this extraordinary momentum as we fulfil our stated strategy of being primarily focused on green energy development."
, mr wang bo, vice general manager of cet, said:
"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."
this was only 6 months ago , a project the scale of this cannot come to fruition overnight so understandably private investors will be frustrated and whilst the reduction in share value is tough to take this most definitely is not a lifestyle company like so many .
we are at a point now where financing needs to be arranged externally , naheed has alluded to many a time that oracle is there as a project developer not to finance the project.
so the land has been acquired, the loi to build from the local govt is there, the feasibility study is complete , and we have uae royalty and the state grid of china on board so n
Https://arynews.tv/k-electric-takeover-asiapak-head-promises-cheap-electricity/amp/
The development of the Jamshoro coal power plant’s modification project will incur a cost of $50 million, as disclosed by Shehryar Chishti. Furthermore, a second unit of 660 megawatts (MW) of Thar coal will be installed at the Jamshoro coal power plant.
Is this our thar powerplant on the move as was mentioned when the agreement with k electric was reached.
Raise as predicted by LW, I held back from a significant buy as many points were valid.
Just added 1mil more for now, and will add significantly more though as too cheap in the long run,
'The Fundraising has utilised the Company's remaining headroom for such share issuance' this statement and the fact the Sheikh has contributed signifies that she has to have a new approach for fundraising going forward
GLA
My two pence worth as a LTH with a significant holding. LW’s comments are not trolling and are a valid addition to this board.
We can rave on about the company and it’s many potential upsides but the reality is in the price we have before us thus people need to stop thinking they are the sole mouthpiece of the company, conflicting views are welcome.
I am a LTH who initially made a quick profit trading the stock however I have reinvested for the long term.
A lot of negativity surrounds this stock from traders and people looking for a quick return, most of this stems from not understanding that most of the delays around the flagship Thar project were down to the politics at play.
The political tide has turned with the change in Government hence Naheeds promotions to the National Coal Board looking at developing Thar and the now balance of payments problem in Stan means the urgency for developing indigenous resources for power irrelevant of political affiliation or will is the need of the country.
However these things don't happen over night, Block VI is a listed CPEC project not a figment of anyone's imagination and the policy and usage of the coal is likely to be diversified to Coal to Gas and Coal to Fertiliser as well and this all needs policy to be developed and a need to be established so a purchase can be made.
Naheed has spoken in detail about this in her quarterly updates and Sheikh Ahmed Bin Dalmook Al Maktoum whom owns 12% of the company alongside many LTHs are more than happy with Naheeds performance.
The timing of Thar as a development project should start from last year and thus the performance so far is a lot better then when it was a stalled project coming up against brick walls, thus people investing now should count themselves very lucky.
The Green Hydrogen project is an amazing bonus when and if it comes to fruition for people like myself whom only invested in Oracle for Thar project alone,
We have to remember that the Sheikh owns 70% of this and he has been investing proportionately thus far including in the lease acquisition taking him over $1 millions dollars so no small change.
The offtake agreement we can expect to be signed in December is very much likely to be thanks to him and will allow the sovereign wealth funds of UAE to purchase from the project .
I can write a lot more but you can DYOR .
https://tribune.com.pk/story/2364426/cpec-thar-coal-project-back-in-spotlight
The project remained on back burner for several years until Prime Minister Shahbaz Sharif recently formed a Committee on coal development to cope with the electricity crisis. CEO of Oracle Power Ms. Naheed Memon was also part of the Committee, which ignited hopes of progress on this massive CPEC project.
When you are part of a committee in the area of your industry formed by the Prime Minister of the country you are operating in then its normally safe to say that you are doing something right and are trying to progress to a position where all will benefit.
This notion that this is a lifestyle company is farcical, the last 12 months has seen an immense erosion in value of major companies around the world---this is what happens when a recession kicks in.
Thyssenkrupp wouldn’t be involved if it was just a pipe dream????
thyssenkrupp is an international group of companies comprising largely independent industrial and technology businesses and employing around 96,000 people. Across 48 countries it generated sales of €41 billion in fiscal 2021/2022.
I have been in this for quite some time with a significant holding , not happy with the dilution but is to be expected.
Thar approval will multibag this (things move slowly in Stan but THAR coal is the saviour of the state atm)
The GH is rolling along at speed and if all goes well with the feasibility studies that Offtake agreement will be signed by year end for millions in revenue.
Compared to other BODs Naheed is justifying her position with significant pieces being added to the jigsaw each time she speaks or albeit reluctantly dilutes the stock .
This is not a lifestyle company where nothing is going on in the background.
More patience and thus not one for the traders looking for an entry and exit in a month.
https://arynews.tv/nepra-makes-use-thar-coal-mandatory-coal-power-plants/
Will be needing more THAR coal --all going in the right direction on a policy level
something Naheed has been alluding to for some time
https://dailytimes.com.pk/1047597/investment-under-cpec-to-reach-62bn-by-2030-report/
We are name checked again in the last paragraph. More than likely will be given the go aheadat the next set of approvals
I have a feeling we may be sold on to fund the Green Hydrogen project.
This really is worth holding and I am looking forward to the next set of news with regards Thar.
https://hydrogen-central.com/germany-launches-first-auction-for-green-hydrogen-imports/
H2 Global is a foundation set up by German industry players such as Siemens Energy, Linde, Nordex or ThyssenKrupp to help the green hydrogen market ramp-up.
Many see this as a pipe dream. The Germans on the other hand are already preparing to purchase.
A lot of pounds being committed. We just need to secure the funding
Will be the big thing very soon