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question is what's the price of the next placing? keith/lord sidcup says "it's impossible", so eta within a month and 0.015 is my bet.
new article on the latest commodity - https://*************.com/views/73911/oracle-power-cynical-foul
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
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 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....
Just to illustrate the lunacy of buy and hold on aim shares like this. If you "invested" £1k.
Losses in 6 months 72% so down to 280.
Losses in 1 year 86% so down to 140.
Losses in 5 years 96% so down to 40
Losses since inception 99.78% so down to 2 quid.
I'm sticking by 250k raised this month at a price of 0.02. This mornings RNS just further flags it for anyone who can't read a cash flow.
If your strategy is bizarrely buy and hold at least wait for the raise to hit...
Total volume 100m shares, and given this blue chip stock is priced at 0.028p that's a whole 28k.
Are these traders piling in with their fisher price phones? Or using cup and string to contact the brokers?
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.