Member Info for Logic2

I see the recent changes as a positive. The board has a shape of experienced people that will be able to negotiate a deal.
It is just my take but I suspect Align are supporting this in the background and the changes no doubt are in agreement with them.
I am hoping for some kind of update from align with their take on things given the recent changes. My opinion is that the deal is there to be finalised, COVID has caused a few bumps to negotiations taking place, but the board will be ready to crack on at the earliest opportunity.
Hoping to hear something soon from Align to back up my opinion.
GLA

Sorry but this is a joke now.
I think as shareholders we need to put pressure on the company to give an update. What is happening, what’s happened to the Q2 milestones that where expected?
We where told by the company that regular communication would be happening. We are at least due a Q2 update....zzzzzzzzz!

Jim,
I completely agree, I don’t post on here but I along with friends have been holder for a few years.
When the news of a merger broke we all assumed there must be more news to come to further clarify why BPC are pushing this through....we are still waiting!

That was supposed to say PI not pitfall, apologies

Just to be clear for any new or potential PITFALL reading your post....the sheikh had 200,000000 shares, he has exercised warrants to take another 100,000000.....they are locked in (he can’t sell them) until feb 2021....this is great news for the company and investors

J star,
Can you clarify, why the the sheikh need to rns any sells when he is locked in (current shares and new shares via warrants) until feb 2021.
He will not be selling any until that point it is clear in the rns.

I agree, the LOI is out of the company’s hands, they are waiting for sign off from PPIB. However, the CEO has stated the LOI and shareholder agreement are expected in this quarter.
If we are a few days/ a week or 2 behind I have no problem with that, I would expect some comms from the CEO if Tuesday passes with no LOI issued.

People will make their own investment decisions but
patience normally wins the day. I think the LOI will arrive on time, if it is a week or 2 after the end of Q2 then it’s not the end of the world. It’s a big project so a few weeks is nothing in the big scheme of things.
The company have stated again today that both governments fully back them, it’s just a matter of time before news starts to flow.

The last 2 company updates from the conference call highlights and quarter 1 update have stated that they expect the LOI and shareholder agreement by the end of Q2...that is just 5 trading days.
I firmly believe good news is coming and we will be pleasantly surprised with an RNS.....however, I do feel that the company could be more savvy with their comms. Today the CEO stated the LOI was expected “soon”. This after the previous statements of news expected in Q2. If there is a slight amendment to this but we are to get good news then maybe some kind of comms would be useful to keep shareholders on side. I assume a Q2 update should be soon anyway, hopefully this will be covering the release of the LOI and shareholder agreement (which we will have received).

Whales in the water, always a good sign.

LOI should be any time soon, I strongly suspect this week. I am also wondering if we may also get the shareholder agreement in the same rns, the company have been quiet for a while, I take that as a good thing...hopefully multiple news flow to come.

If there has been a tweet posted then deleted in relation to ORCP from an official source as it seems there has been, then this needs to be addressed by the company ASAP via RNS surely?

Passiton,
I’m sure it said under issuance of LOI in process.
Can’t be long now I imagine. If there is no rns in the morning (Which there may be) then I can see a 20% rise minimum based on the number of buys on Friday and all the chatter on various media forms over the weekend showing the share has woken up again. People have finally switched on to the ridiculously cheap price this is and the potential this offers.
I can see this building through the week in price until the rns drops (unless it comes tomorrow!).

This was an article from Proactive investors in February noting the significance of the ML-1 for Oracle Power under the CPEC project.
https://m.youtube.com/watch?v=agWEW8SQ9w0

https://twitter.com/radiopakistan/status/1269242922291081221?s=21

I mentioned this earlier in the week as something to look out for. The ML-1 is the flagship project of CPEC stage 2 and will be a huge part of the JCC government to government meeting between Pakistan and China. The ML-1 provides infrastructure for the Thar coalfields.
In all likelihood the JCC can now be organised very soon.
Prior to the JCC we can expect the LOI and shareholder agreement, I suspect we may get news very soon looking at the late rise on Friday.
GLA

Some news coming soon, ML-1 decision today, that will set the JCC in motion

I agree, the significance of this is the wider picture not the administrative procedure today. The sheikh being a 15% holder in orcp is huge. The company have stated they expect the LOI this month and they expect no delays. In the mean time they are penning the shareholder agreement (in which the sheikh is a 15% shareholder), it is likely any payments are needed to be squared off in order to sign these agreements.
I will also add, the JCC date could well be announced soon if the ML-1 was signed off yesterday as expected....good times coming for orcp holders.

From my understanding and from all of the articles I have read the ML-1 rail line project is a key part of stage 2 of CPEC. The project has been mentioned in various articles as a key part of the 10th JCC.

If the committee sign this project off (ML-1) to progress to next stage (and as has been noted to be included in next years budget) this is a big step for CPEC and the JCC being programmed in.

The recent RNS’S from ORCP have always mentioned the LOI and shareholder agreement in the same sentence as the JCC. Politically the governments of Pakistan and China will want to celebrate the huge collaboration of projects including the ML-1 as part of phase 2 and ORCP as the final stage 1 project.

However, what gives me greater hope of imminent news are the last 2 company rns’s that have stated the LOI and shareholder agreement are being agreed in this quarter. This was backed up by the pro active investors article that stated there where no delays due to cv19.
As i said earlier, it looks like things may be coming together.
All of course in my honest opinion.

Hopefully a good sign. With the ML-1 being signed off to be progressed and to be included in this years budget (fingers crossed tomorrow) things might be starting to drop into place IMHO.
GLA

We should receive the LOI rns tomorrow....(that is a joke by the way, it’s what I predicted in the list that was going round last week or so!).
In all seriousness, and going from company rns information, we should be on the verge of receiving several bits of good news flow from the company. The first being the LOI that was submitted mid March and the second being the shareholder agreement that it was stated by the company would be agreed in this quarter.
Relative silence from a company in my opinion is often a good thing, lots of work going on in the background to get everything agreed, not long to wait imho.