Member Info for miker444

As frustrating as the waiting is the question is a simple one, will Thar VI go ahead or not, my views are that the Sheikh with his 300m shares will not have got it wrong, if he has he will be a darn sight more pee'd off than us!

There is an absolute sea of blue (buys) since 11:20 but no sp rise yet, hopefully the reaction to the rns is over and we can build on news and in particular the new projects which sound positive.

Excellent post from Aim Researcher on twitter, gives a rational explanation as to why the funding MAY have been requested, basically required for proof of Orcp's ability to proceed (financially) with immediate effect giving assurances to PPIB before they release LOI. Worded much better and just his thoughts but worth a read

Unbelievably more buys than sells so it would appear that mm's have been complicit in picking up stop losses only for people to buy back in . Some have actually gained due to higher stop loss set price than the bottom attained this morning.

I am happy staying put as is the Sheikh with his 300m but thanks anyway.

Hardly a price which says the Company is struggling either :¬)

Other Projects have been hinted at in the last 2 RNS's, news will be soon and the emphasis put on them is quick turnaround profit or words to that effect. I expect them to be revenue producing already and not at the start up stage so happy to sit and watch the boiler room minimum wage doing their bit, who , despite it being so bad, actually want to buy in lower :¬)

Interesting to know what other near term projects are in the pipeline. Considering this was mentioned in the last but one RNS it may be they are well advanced to being released.
atb.

UKOG has been managed woefully, placing after placing after placing. Total disgraceful mismanagement, a company led by a brilliant geologist but not a businessman, that is the problem for them.

And other projects also.

Thar VI ''Provides access to scalable capital to support project development.'' I think this allows Naheed to progress with whatever meetings / decisions relating to Thar VI especially with China Coal imo.
That's how I see it.

Yes I think the Sheikh is going to figure in further deals additional to Thar IV and projects that are near term.

It certainly looks that way that we have a lot more deals being discussed and ones that appear to have income streams reading between the lines.
atb

Got the funding before the LOI
:¬)

To continue Thar IV to production and other compelling short term options with quick profitable turnaround. Thats why it has taken so long and shows a lot has been going on behind the scenes.
Solid RNS.

I think 5p could be realistic on funding once LOI has pushed sp towards 2p and got momentum going.

They also state about using indigenous fuels, homegrown so no panic.

For me its what follows the LOI which will give it the sp value it deserves, I don't doubt an awful lot of PI's will cash in on LOI news and that is their choice and rightly so. However despite an sp drop on that scenario I genuinely believe it will be cut extremely short and followed by mega news of funding from China Coal, Infrastructure news, JDA 's etc and probably as others have said more deals with the Sheikh with a quicker timeframe for payback.
The mm's will have already planned that scenario and will take any shares off the PI's with gusto ready for the Institutional Investors who will come on board, all in my opinion.

I think you have addressed the sentiments of many, as you say it is all about timing and the catch 22 situation of selling orcp now only to see it rise the next day, sods law says they all go up on the same day :¬(
atb

Asif Bajwa stated Phase 2 commenced, but as we all know there is 1 project of the 17 from Phase 1 still waiting to happen, it is very testing at times but as you say Bag of hopefully Monday ! Good weekend everyone.
atb.