Member Info for lordsidcup

Don't know what's going to kick this share off but with an $8 billion project backed by ****stan, China and the Sheikh with Oracle driving the regulatory framework - and a big new Aussie gold prospect - for £14 million MCap - something's got to give...
"China National Coal Development Company & His Highness Sheikh Ahmed Dalmook Al Maktoum, #ORCP's Consortium Partners for the Thar ****stan projects, are keen to move forward tomorrow towards a suitable framework to develop CTG/L."

Hard to believe the muted response today but the whole commodities market is down at the moment a lot of bargains out there. Company is really doing a good job on the PR front today, shows how important the meeting is on Wednesday.
Gold news could hardly be better - that's one prospect looking increasingly likely to be a massive company making find - news on Northern Zone too soon I think

From share talk: Also beefing up the board was mining development group Oracle Power (ORCP) where the focus has been widened from its coal project in ****stan, to new Gold assets in Western Australia. The new non executive director David Hutchins has 30 years in the mining industry, with part of the reason behind the appointment being that he can not only advance existing projects, but also assist with expanding Oracle’s portfolio.

We should be expecting more projects as well as substantial Thar and gold progress this year.

In the last RNS it states: "It is estimated that through the application of coal gasification, our Thar Block VI Project could produce and supply approximately 1,000 million standard cubic feet per day (MMcfd). When reflecting on the current price for line gas, a composite of natural gas and imported Regasified LNG, which is available at approximately US$6 per thousand cubic feet (Mcf), the strategic importance of a domestic source of energy through coal to gas and liquid is underscored."
So that's $6 million PER DAY at current prices! Can someone check my maths...

"This week, preparation for the all important stakeholder consultive session scheduled for March 10 in Karachi is underway. It will be hosted by the Ministry of Energy (Petroleum Division) and organised by #ORCP."
Excellent progress here all happening fast now ad Oracle are front and centre could not be more bullish. Aussie gold assays next too

Very impressed with Naheed getting progress on the coal to gas and liquids so quickly. Reality is the Government is desperate to sort out the gas shortages and they will be pushing Thar Block VI on a priority basis - the project is now so important to ****stan they can't let it fail.
So meeting in the next couple of weeks and gold assays before that likely - also nickel in the spotlight with great intercepts already recorded. I'd say momentum is fully behind this company now and the market will start to realise that, can't stay at SP lows any longer it's bonkers.

****stan to see increasing dependence on Coal despite moratorium: Fitch Solutions
https://mettisglobal.news/****stan-to-see-increasing-dependence-on-coal-despite-moratorium-fitch-solutions
"Fitch noted that there is still a significant amount of coal capacity that will likely continue to progress and be commissioned over the coming decade. Furthermore, given that the majority of these projects are under the CPEC and procured on a government-to-government basis, it might be difficult to renegotiate or divest from some of these given the further strategic complications."

Naheed Memon
@Naheed_Memon
Really looking forward to seeing the #gold assay results from Jundee East & Northern Zone soon.@OraclePowerPlc
https://twitter.com/Naheed_Memon/status/1362732959350939651

Govt to decentralise power sector
"In connection with reducing reliance on imported fuels for the generation mix, it focuses on use of local fuels. In this regard, Thar coal from Sindh province may also be indicated."
https://tribune.com.pk/story/2284690/govt-to-decentralise-power-sector

We are waiting on the power plan for LOI to progress - draft plan has now been formulated and includes Thar coal so good news

Someone is really loading up here that's £70k so far how long can the wider market ignore the smart money loading up here? Maybe another Director buy who knows

"****stan is facing an oil and natural gas shortage due to a considerable decrease in local production this year. "
https://tribune.com.pk/story/2282317/sindh-alarmed-by-oil-gas-shortage
I can see this project being fast tracked now as they are desperate for the gas

The meeting was briefed on the overall progress of CPEC projects in industrial cooperation, energy, infrastructure, Gwadar, science and technology, socioeconomic development, agriculture, transport and communications and issues faced in the implementation of these projects.
https://www.app.com.pk/business/cabinet-committee-on-cpec-reviews-progress-of-mega-projects/

Seen these before I've always thought it was just a broker to broker transfer never affects the price anyway

"China, Wang said, supports the early holding of the 10th CPEC Joint Cooperation Committee meeting to inject new impetus into China-****stan practical cooperation." http://cpecinfo.com/china-reiterated-its-commitment-to-further-strengthen-all-weather-friendship-and-cooperation/

If China wants it it will happen

No-one knows but the recent power outages in ****stan will put the focus back on power market reforms which is why we are waiting. JCC preparations still ongoing but seems to be dependent on high level agreement over financing of ML1 and other projects. Other work is continuing and I think it will all happen in parallel rather than having to wait for the outcome of the study before moving on with anything else. I hope we will hear more about the prototype coal to gas plant mentioned in the Q4 summary. Disappointing to be back here after all this time but it'll all suddenly happen when you least expect it!

Good enough interview although obviously she can't say anything that isn't public domain. As ever ****stan politics is the problem. Preparations for JCC ongoing though, another article today about discussions with Chinese Ambassador. Aussie gold very exciting, really can't understand the people who don't like the company diversifying. Interesting she said it's hard for directors to find opportunities to buy shares because of the inside information they are party to. That just becoming bigger and bigger and that is part of the delay, great to hear they are at the heart of ****stan policy making on coal to gas. We just need one significant milestone announcement to kick this off

That's two mornings of buy after buy surely from the same source, someone is taking a significant stake because they know what's coming - share of the year 2021. That 5p target mentioned seems very achievable and more if the gold is a real, well, goldmine

To understand Moany Midge, I suggest everyone looks up the Dunning Kruger effect if they've not come across it before!
"The Dunning–Kruger effect is a cognitive bias in which people with low ability at a task overestimate their ability. It is related to the cognitive bias of illusory superiority and comes from people's inability to recognize their lack of ability."

The warrants I believe are with Riverfort Global their investment arm and they tend to hold for a decent profit so I'm not too worried about those

Coal may be the dirtiest fuel, but there exist several viable options to continue using indigenous coal while reducing carbon emissions
https://profit.pakistantoday.com.pk/2020/12/20/the-economics-of-a-greener-coal-in-thar-coalfields/
Interesting article and with gas shortages reported across the country today the Thar Block VI development is more critical than ever
https://profit.pakistantoday.com.pk/2020/12/20/gas-shortage-low-pressure-reported-countrywide/