Member Info for lordsidcup

We cannot have a situation where targets have been set in an RNS and all the talk is of GH project launch at COP28 and when nothing happens the company makes no mention of this and we as shareholders are left in the dark. Naheed has gone into hiding it's not acceptable and it's incredibly disrespectful to shareholders - how does she expect the company to gain traction on the markets when she behaves like this?

For sure patience is wearing thin - she does herself no favours by missing self imposed deadlines and just moving on as if nothing's happened while shareholders are ripping their hair out wondering where the cash is going to come from. She has to deliver on one of these huge projects soon and that means a cash injection from one of the partners to fund it all

It's just staggering to me that they wasted the entire opportunity of COP28 to do PR and keep the market interested in the GH developments - Naheed seems to have gone AWOL since the presentation a couple of weeks ago I can only assume she may be ill or something. In any case it has been too long now since the feasibility study and the start of negotiations for firm offtake agreements and start of the pre-FEED studies that were promised - COP28 already seems like a long wait and now we have no clue what is happening or what the plan is

A disappointing reaction to the RNS again - what we really need is for Naheed to put the company on a sound financial footing with either a deal to monetise the Thar coal asset or an injection of cash to build the Green Hydrogen pilot plant and soon - the market will not give any credit for positive news until the funding situation is addressed and Naheed must know this is her priority above everything else, shareholders can't take another value destroying placing

This is Australian dollars as I said so basically 2 to 1

Quick calculation: low estimate of 2.5MOz at AUS$3000/Oz gives $7.5B - value it at 3% profit over mine life our 20% stake is worth $45M to the company which is .47p on the MCap

I think this is right? SO at least a ten bag from here

If we can get a major to buy us out for cash that would be the best outcome what we need right now is cash in the bank, it has always been a side project and we should cash in our chips

Recently we've had a value destroying placing and now radio silence on the promised green hydrogen launch at COP - she really doesn't take investor confidence seriously at all - we need some sign of what's happening!!

We all need to focus on the bigger picture and hold our nerve, but as everyone else I'm thoroughly fed up with the lack of updates and and total silence about all the developments happening at COP and can't understand why they're not sharing any of it - after promising big announcements at COP they really should see why this looks bad and is massively frustrating for everyone

There are so many important Green Hydrogen developments right now at COP 28 and we've had literally no comments or shares from the company - I know their social media is sketchy but after promoting her presentation last week it doesn't add up - I can only assume she is literally too busy finalising an agreement - I certainly hope that's the case

Not a single person here, even the trolls, can believe that the current MCap is realistic for the projects they're developing. We wait for the newsflow and the inevitable uplift and FOMO when things start to move forward. I would love to see some honest information from Naheed about Thar, she says this isn't the time to sell it, but we never see any sign of the coal to gas or mine progressing, the government seem to want to keep kicking the can down the road. So at some point she has to move forward without them.

There seems to be a lot more confidence in the market recently which makes me think when this starts moving it will really fly. I just hope there aren't too many people getting caught up in the Crypto scam again, it wiped a lot of people out last time

I think you missed the best bit - an investment from one of our large project partners in the very near future and hints that aJV will be signed with a major multinational. She also talked about companies like BP and PetroChina talking to companies like us, we derisk and prepare the project and they take it forward.

We know she's in talks to fund a $6m green hydrogen demonstration plant from the conference presentation so looking at a deal sooner rather than later

Sorry old link! definitely some interest in the coal to gas policy on Twitter though hopefully we will get an update from Naheed - we already did feasibility work with China Coal and Sui Southern Gas which the Gov can use to fast track development of a policy framework

And more good news!

https://www.brecorder.com/news/40201619/thar-coal-mines-to-railway-line-pm-orders-completion-of-project-by-mar-23

It's all doom and gloom at the moment and for good reason but it's also good to remind ourselves that it only takes one RNS to completely change the mood and bring the sentiment back - a deal that opens up our $100s millions of coal in the ground would do that and more and this makes it more likely than not - in that last presentation it said it could happen very quickly as soon as they finalise a policy framework and it looks like it's finally moving in that direction

Everyone should see this, it lays the ground for developing our resource, is this what we've been waiting for?

Thar coal suitable for surface gasification, liquid and urea conversion, report says

https://www.thenews.com.pk/amp/1123411-thar-coal-suitable-for-surface-gasification-liquid-and-urea-conversion-report-says

Lots of details in that presentation we haven't heard before - they have some great projects but they are just so bad at communicating to the market! We need a concerted PR efforts to tell investors what is happening here! We shouldn't have to be digging this out of presentations to let everyone know!

To be fair, after being disappointed this morning, it is a nice professional prospectus and helps make the company look credible and investable, the prospects for these projects are amazing as ever and there are timelines for development.

Thar coal to gas framework awaiting approval by government, which is maybe what she was hoping to happen and avoid this terrible placing

https://www.oraclepower.co.uk/wp-content/uploads/2023/10/2023.10.05-Oracle-New-Corp-Presentation-FINAL.pdf

Naheed was clear that they are planning to launch the project at COP28 at the end of Nov - this is a deadline that can not be missed with all the partners involved. There will be major contracts signed in the spotlight. Meanwhile we await news on Thar coal and gold assays. Something must be released to the market in the short term to get this placing away and move back up to a sensible SP - Naheed has decided destroying investor confidence for the short term was necessary evil, she has obviously mismanaged the finances very badly because she was expecting a cash injection from selling Thar by now - she should have raised more and used Primary Bid earlier in the year to raise from PIs but we are where we are. It still has the same huge ridiculous potential as before.

There's obviously an easy trade back to .1p here, look at PYC a couple of weeks ago, similar 50% discount placing, first news it runs up 3x - and more with the right news. Mcap is utterly ridiculous and a ten times rise from here won't really change that - but there has to be progress on a major project the market can bank. A 3x rise easy on market dynamics alone