Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Don’t worry Casper, I think I’ve answered my own question. Your referring to the coal project & power project, both in relation to block VI.
Casper when you say two projects running side by side are your referring to the development of the Thar project itself & the power plant construction... or is there another project that oracle have that I’ve missed? Know it may seem a silly question, but just want to clarify.
I doubt they will consolidate not unless we drop in SP like 99%. As long as there is head room to place they will just continue as is. Look at VAST they have like 10x the shares that ORCP has. Take EDL another AIM power company, they placed till they could place no more, then had to consolidate at 0.02 so they could rinse & repeat, I doubt we will see the same for ORCP & with the Sheik willing to buy placing shares & increase his holding I’m not to worried.
If we get similar or better results than historically proven, this should really underline the value & potential here. As you say Sandy they know roughly where the sweet spots should be, so I’d expect they will get good confirmation from JORC results too.
Think you sold to early on THR, they will probably break out to about 0.63. If I were in my limit order would be a conservative 0.60 considering the spread is 0.01ish. I’d tell you my re-entry price, but your talking #### about ORCP so I won’t :)
If we get a further update regarding the JV with China, providing further clarity on the deal & if funding is also agreed in the short term, these would certainly seem like green lights to me.
Plus although the charts on the daily seem a touch down of recent, we look to be due a 20 & 50 crossover of moving averages on the weekly, which would definitely bode very well for an excessive rise if all comes good.
No worries East, know the feeling, been a LTH for at least a couple of years now. Things are definitely picking up though. Slowly but surely. 2020 should be a good year if all goes well.
https://www.google.com/amp/s/www.herald.co.zw/mining-development-strategy-on-the-cards/amp/
For those who have stayed in, watch the recent interview, where he tells you that they won’t place without going to shareholders 1st, that there is no head room. Take a good look at that face, his expression & big grin when he tells you too. Now remember that, because if you see it again & pretty sure you will, then you’re probably best to expect the worse. GLA
Just from an analytical point of view currently, 0.37 seems quite fair without news. Momentum is needed here, which can only come from solid news that we are moving in the right direction. AP has kept us in the dark for a while now, an update on BP is due at the very least in my opinion.
Zim are only a couple of hours ahead of us, so if we’re meeting minister of mining tomorrow, I doubt very much we’ll get a RNS 1st thing, more likely intraday or 7am Thursday IMO!
Let’s be realistic, it’s doubtful that they will get a signature from the president tomorrow, unless on the off chance he happens to be in the same office at the time we visit, which would be an absolute touch if he is. Please, please, please!
We could get a signed confirmation from the minister, which is possible, perhaps.
I think are best probable outcome is an updated timeline, preferably in the not so distant future. This would certainly have a positive impact on trading sentiment too.
GLA
Prem are going to see minister of mines tomorrow, I doubt they will get a signature just yet, as president needs to sign off, but if they get an updated time frame or a confirmation in writing, will this news perhaps give a positive nudge to VAST too? Any sign of positive movement from Zim in this area would certainly show things are moving in the right direction mining sector wise.