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The whole point about a director share plan is it saves cash. They are taking 6 figure salaries 100% in cash at the moment. If some was equity the next raise gets pushed out from Feb next year which is it's current eta give or take based on burn
Out of interest what do you think could be sold to give cash in the bank at this juncture? The reason why the raises have been this painful is there is no other option. The company can't sell a mine it doesn't own, and it can't mine something without a market (an on site power plant). Whether the lease is even transferable I have serious doubts on. Typically they aren't.
I sold nearly all of them on the spike following the shrieks investment years ago. Was rather disgusted with the foward selling of warrants from those in on the raise. Remainder is now 90%+ underwater so jam tommorow MOU spikes don't make any difference,.
I really don't think the hold for 5 years is relevant for Aim shares like this. It is very relevant if buying a tracker fund...
I expect some are like me who hold a residule in bottom of the draw and lost (any) hope of breaking even on that chunk. Still follow and call out the twitter pumpers if only to stop and make people think. Good luck all who still believe, hope it shocks me and they land some financing, and have a good Christmas.
Point being... You need to know specifics of this fundraising to apply any value calculations given the difference between amount to raise (100x) and market cap.
Just pretending "the Chinese" will fund it out of Christmas Cheer lost its lustre about 6 Christmases ago.
Fair and agreed. I expect there will be another raise around Feb personally. Que shrieks of horror from the twitter loons.
Lordsidcup - "what we need is for our partners to fund the pilot plant and give us cash to complete the work,"
Why exactly would anyone sane do this? Given the cost to complete such a plant would be 100s of M of usd... And our market cap is a single M..... What's the dilution...
"how the company becomes profitable 3 months to a year"
Think about what you are / have invested in... All the projects are years off a dollar of revenue.....
Only item that matters is how they will be built, by whom, with what cash and what will orcp have at the end of it. None of that is known and the market lost confidence a while ago it seems. IMHO.
issue is the thermal value is so low you really do need to burn it on site. it's not that abnormal, plenty of these plants in germany etc.
the equity valuation is what it is as after all these years and with the current situation in ****stan market places nill or close to nill probability on it being funded.
Sigh. If banks are falling over each other to lend based on an off take agreement, and revenue is a sure hit.. How come they needed to discount by 50% and offer warrants to raise naff all?
Do you lot want to be sold a bridge?! I've got one.
If any of this shows (any) sign of being real it will rerate of course, but the notion It has already is laughable.
As well as different types of trains you might want to consider different types of coal.
There's no point transporting lignite coal it's not energy dense enough so you need to burn on site to generate power. The train is line is irrelevant
Fair on market cap but are we really debating 800k or 900k? Twitter loons have been calling this worth billions based in no understanding whatsoever on what Orcp have and don't have. Here's a hint.. They have a potential project in thar mine to power which made sense which is why I originally invested, but the rest of the MOU jerk circle is what it is a joke.
You can't move it on that's why.
Orcp doesn't own it. It has a non transferable license to mine if given the go ahead. Given its lignite coal it's worthless unless there is a power plant on site to burn it. Hence the importance of an LOI to purchase the electricity before anyone invests billions in building the thing.