Member Info for Orackle

We already mined the 10,000ton sample though so we must have the rights

I would agree about the de dilegence, looks like that’s out the way and they are still interested. Just a matter of time before we see a deal now

Think it’s just a matter of time now, looks like we have options between an off taker and two potential development partners. My guess is that the development partners want exclusivity as part of their deal, which is why we are still in a negotiating phase.

I was thinking the same thing when I read back through... time will tell!

I agree there are gaps between the RNS’s. Looking back I’m unsure how they could have made any solid deals without first supplying a commercial sample?

Atleast that is done now, we are aren’t simply in the realms of ifs and buts and potential anymore because we have physically supplied an off taker. Yes it’s still up in the air whether this will progress into a lucrative deal...

But I definitely view our current position positively. The fact that they have raised money recently puts them in a better negotiation position too. It would be unwise to negotiate from a position of desperation.

I look back at the previous RNS’s and yes this has dragged out for a long time. However... it was only the 26th of September 2018 that we got the RNS to say we had commenced the bulk sampling.

We are moving forward. Yes there was talk of an offtaker confirmed for HPI, Vanadium and Titanium in previous RNS’s but now we have physically supplied it, so now we atleast have more opportunity for a tangible deal.

Not only that, as soon as a deal is made we can start working to fill the order. As we’ve shown from this sample the mine has all the infrastructure in place now to start monetising what’s in the ground

Pascha, understand your frustrations but the RNS didn’t really give any surprising information, we shouldn’t expect any kind of re rate until we get some confirmation on these deals.

The language was positive with regards to ongoing discussions, so it’s just a matter of time. If it was no deal then why would the discussions be continued and remain “encouraging”

I agree, I think this may take a bit of time but we are going in the right direction here for sure and it’s just a matter of time before we multi bag. 1.6p seems to be the bottom so good opportunity to buy at these levels

I’m in, 400k this morning... that drop to 1.62p was a opportunity to buy the dip for sure.

The key word I picked out was “encouraging” from the RNS, it’s taking time but they are moving positively towards a deal

Personally I’m gonna hold. Unfortunately don’t have capital to buy now but easy money to be made here. The upside is that it’s not ongoing bad news, the plaster has been ripped off and yeah initially some pain but it’s only up from here.

Production continues right now with what we are producing alone, we are undervalued.

I think this will bounce hard, 19% drop is way excessive...

Looking at the average BOPD of 4600 I think Q1 will be decent especially considering PoO. Dissapointing with Calao as I was hoping for connectivity, but certainly not the end of the world. Production continues!

Maybe an opportunity to buy the dip going into Q1 results but for now batten down the hatches

Gutted

The longer this goes on I believe makes it more likely they’ve struck oil they are further testing for connectivity

Can’t imagine it will be any longer than that, really hoping these extra few days are to prove connectivity and a flow of 3000bopd+

Baysilhope you make my day with some of the stuff you come out with, “bring Elvis back from the dead” hahah.

In all seriousness though I totally agree, I think they are getting their ducks in a row behind the scenes before they unveil the ocean

The sell at 16:31 looks like it would have been a buy price for that time.

Really hope Baysil is right about an RNS tommorow, exciting times!

MickR you may gamble but not all of us do. There are good fundamentals here but the company’s PR leaves a lot to be desired, quite a bit of uncertainty on what/when the news will be.

I’ll believe news when I see it in an RNS

Brent edging it’s way towards $70