The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Comments from Chief Minister, the key here is that we are being recognised as not just another block but as one that provides "clean coal" - This is what really sets us apart from the others and will therefore gain the most interest.
He further added that the Thar coal price was fast becoming competitive and in near future clean coal technologies would be employed for coal to liquids (diesel) and surface gasification leading to urea production plants would be setup under CPEC in Block-VI of Thar coal fields.
“That initiative will then literally revolutionize Pakistan’s energy sector – Thar will indeed change Pakistan,” he said.
https://twitter.com/VALLEYFLOYD/status/1212443272360157184?s=09
He further added that the Thar coal price was fast becoming competitive and in near future clean coal technologies would be employed for coal to liquids (diesel) and surface gasification leading to urea production plants would be setup under CPEC in Block-VI of Thar coal fields.
“That initiative will then literally revolutionize Pakistan's energy sector - Thar will indeed change Pakistan,” he said.
WOW.
For any announcements. We won't get any RNS before the new year. So don't listen to the de-rampers....!
Hold tight. Believe in why you invested, these really will be golden tickets very soon.
DYOR / IMO etc etc
I think there has been some confusion around the funding news to come, we hope, within the next few weeks.
I've seen posters claiming that funding announcement from Oracle isn't required now that we've partnered with China Coal. Others have suggested end of Q4.
I've tried to piece together the below in the hope it answers some questions.
Original statement made RNS Equity Placing 21/02/19:
"In the event that the warrants are exercised, the Board believes that such funding, combined with the proceeds of Placing, would be sufficient for the Company to meet its commitments up to Financial Close of a US$1.6 billion funding package, which the Company is aiming to complete by the end of Q4 2019, as previously stated."
Latest statement made JDA RNS 16/12/19.
Where I think the confusion is being made:
JDA RNS - statement around China Coal providing commercial support:. "Commercial Support" being the key wording here.
"CNCDCL will be primarily responsible for providing the required technical and commercial support in order to meet the project requirements, as well as arranging all the debt required to develop the Project
JDA RNS - Statement around "funding commitments":
"A detailed agreement will be put in place once the Parties have finalised agreement on individual shareholdings and funding commitments. It is envisaged that the development expenditure incurred by Oracle up to the 15 December 2019 will be capitalised."
The term "funding commitments" was the same wording used in the February RNS.
Therefore I fully expect that now with China Coal on board and Mr. Sheikh we will 100% meeting our commitment to the £1.6 billion funding package. Hopefully by end of Q4 2019, but if not then who cares as long as it's coming this will re-rate to a 50-75-100m Mcap within 2020
Exciting times ahead.
http://www.na.gov.pk/en/notices.php
Scroll down to 23rd/24th December.
Wonder what they could be agreeing today ... Anything to do with FUNDING I wonder.....
I'll remortgage the house for a sniff at 0.7.
The reason I say this is because it won't happen! TR1 due tomorrow and I'd be very suprised if you can get any quote below 1p on opening. Expect 1.30 minimum by midday Tuesday IMO.
Agreed Casper.
Once the TR1 lands official we will see 1.20 broken. I expect back to 1.30-40 before close of play Tuesday.
Once the funding RNS lands well that will be BOOM time and the 200% rise from last week will seem like nothing.
We will attract serious investment and settle around 4p I believe. DYOR but it's there in black and white for everyone to see.
Wouldn't surprise me to see Sheikh launch a takeover either in the short term around 7-8p.
So what, we had a "bad day" on AIM. Guess what.... it happens to every AIM stock!
For those that don't know this went up 200% last week. It's fallen today 23%. It will go back up as its a great stock to be involved with.
I tell you what, let's see what the SP is this time next week. A whole 7 DAYS!!! I have a feeling it's going to be considerably higher than today.
TR1
POWER PLANT FUNDING
=
4P A SHARE
If it landed later in the day then that would be better as the buying pressure would push this higher. Although I'd say it's very unlikely due to the fact there has been correspondence from chairman / PR team today, which they wouldn't have engaged in without confidence in a RNS being released before the opening bell.