Member Info for Oops_

I'd consider buying a few more, but I can't take the risk knowing that Naheed could willingly do another placing and halve their value again.

The bid ask spread is 30%, so its likely that the lack of liquidity is what's caused the price to finish up so high.

Higher share price = Higher EPS

EPS = Earnings Per Share

Earnings = Revenue - Costs of Revenue

Revenue = Income

No income = Share Price to 0

But they've been running commercial operations in Thar for about 3 years, whereas Oracle has um... Well we still need funding in my opinion

I must've missed this last month, looks like Naheed is now on the board of Coro Energy... I'd be interested to know how this "helps" Naheed's existing shareholders.

Let's hope so, the last time I saw it rally up was followed by a placing so slightly concerned.

Disclaimer, I have no clue what I'm doing 😊

"it's ticking up on every small buy which means there's no shares around" - Yes, it means there is an incredibly low liquidity due to lack of interest, generally not a good sign

"a placing seems increasingly unlikely - funding from some source, either a strategic investor in the green hydrogen or a green finance grant seems likely" - Haven't people said this through the last placing(s)? We can only speculate, I'd be interested to know what gives you such confidence though, am I missing something?

"We're in a holding pattern right now waiting for news from the new government"

I'd argue we're in a holding pattern pending further updates of funding (or lack of)

Adam, it might not seem like much, but it's MILLIONs of shares. 🤞

Disclosure, this is not financial advice and may contain underwhelming elements of sarcasm.

It's good to see progress, but what's any of this worth until we have funding?

Huh...

I appreciate the work Naheed and Oracle are doing, but seriously what am I going to say?

Thank you, and please reimburse the 90% loss of my investment?

Don't mock Fisher-Price...

They have a "laugh & learn" series.

Coincidence?

I think it's the project most likely to succeed as it's not tied to political relations in certain countries.

Besides, just getting something over the line would be a huge springboard.

Actions speak louder than words.

Seriously though, 54 people listened to the last podcast with Ed Meade, I don't think it makes a difference, but it is nice to have for shareholders.

"Think we’re at a turning point here and really can see this start to move soon" - Um, you might want to check the last couple years of this board to see how many other people said the same thing.

I'll be sitting back and waiting for something material change before I change my mind.

I'm not trying to belittle anyone.

I'm merely saying that one small purchase (compared to daily amounts traded on the AIM) does not indicate anything regarding future price action!

If it was a director purchase or a hedge fund maybe I'd think differently.

"If that £8,000 buy was to turn out well timed" - It's currently one 1 trade against the knowledge that the company is going to bankrupt itself shortly unless something changes VERY quickly.

I'm not against you, I have a small investment, but this is certainly not good justification to invest more.

All in my opinion, no hard feelings. 🙂

My current holding is irrelevant.

It sounds like you've reached the conclusion "someone will make money here eventually" already, and are scratching at evidence to back that up.

I'm just making the point, you have speculated like many others before you, and they have almost all lost money, as Oracle has almost always moved down.

If there was news that fantastic, wouldn't the share price move up?

Um... It's an £8000 buy... That's peanuts.... Could be anyone.... Certainly not worth of a post here... Was it you?

It can't be good, I don't see any green cells on that spreadsheet.

Once the Proposed JV is in place, Oracle intends to fund its share of exploration and development costs in order to maintain its 20% interest in the potential prospect.

I wonder how it wants to fund this... Or rather, how it's going to fund it...

Eagerly awaiting the yearly accounts on companies house.

IMO a reverse split is desperately needed, share price is way too low for many institutions and even private investors to bat an eyelid.

Um...

That would be great news about gold prices in 2024...

If Oracle/RGL can sell some gold in 2024

IF

That would mean making revenue though, so I'm not sure that's a great idea, I'd much rather dilute the stock further. *Sarcasm*