If you don't think there's a raise imminent you have to answer the how are they paying the wages and hmrc question... Not by issuing more confetti shares
Or she must raise cash soon as running on fumes... And needs to say, "to pay my salary" sorry no"to develop" this latest nonsense, Thats it develop coal, no iron ore.. Sorry gold.. Copper.. Uranium!
Aren't orcp running out of commodities to pump and dump? Such an amazing project the current holders spent a small car developing it and are selling it for stock worth a small terrace in Manchester. Farcical. Next cash raise at whatever price they can get within a month
RE: More Thar Blocks in development27 Mar 2024 15:39
I'm concerned given amount of time Keith has spent flogging this dead dog with no legs and fleas, how much cash as a % of personal wealth he has invested.
Whatever share less costs to date will need to be funded by orcp. How and with what dilution is the question. Debt won't touch it this far our from revenue.
They are meeting only a small fraction of these costs?! Are they? What utter tosh.
So you expect the partner whoever it is, to cuddle upto 1m market cap orcp and fund a multibillon project while still leaving orcp with (any) equity. Get real please!
What action? It's 10k or so worth of shares trying to read into that is like reading into Tesco selling 8 extra cans of baked beans one day. It's just noise.
What it takes a while to work out is companies like ORCP don't actually care about private investors or anyone buying on the open market. All they care about is those insiders who take place in the fund raisers.
You have worked out you need "great luck" to time it... But odds are firmly stacked in the favour of those insiders with the warrants attached. And yes before punting they are brought inside and told all the expeceted RNSs to come out in the next few weeks post raise....
RE: Interview with Amir Iqbal, CEO - Sindh Engro Coal Mining Company4 Jan 2024 13:39
Looking at volumes there will need to be some form of news to get the next raise off. Last one was at a 50% discount with warrants so can't see people lining up to chuck more in, unless there's a market to sell into.