Member Info for passiton

ADME (in which I got well shafted) reference is rubbish blame for that lays 100% at the door of the BOD

The man put his name to the company and had a much bigger vision of in which direction the company would
be heading and wanted to invest in multiple stage oil and gas assets , the dodgy as they had been for quite some
time MX much jam tomorrow falling from pennies to 0.1p wanted him to invest those 10's of millions into the
same style dodgy old high risk assets they had failed to progress previously (from someone who was much closer
to the action) said would invest tens of millions but only on his path, a mix of already in production, some
already drilled and near term field development - production and then look at what was available in terms of
quality high impact development assets with a reasonable cos

The BOD continued to push their own agenda despite his ambitions being far higher than theirs, neither side
would budge so he walked away

As said copped a right ring stinger on that one, had been the equivalent before consolidation of almost 60p

( I sold 52p / 0.52 pre consolidation having been stuck ages 0.10.-0.15p with ave 0.44 should have stayed out)

slid back awaiting news to 22p where I started buying in waiting for the HUGE deal coming, continued to
slide got my ave down to 17.5p when the bad news arrived was not around logged in to find sitting at just
over 4p got out on the series of dead cat bounces that followed mostly in the 6-8p range so lost around
10p a share and a big chunk of my Portfolio

Stupidly , went big early on the analysts talking up his arrival and this could be share of the year ,SP several
quid etc, on anticipation of his deep pocket acquisitions

That's the market always another hard lesson waiting around the corner lol

So being in orcp for many years was less than thrilled when he appeared, so did some serious digging
and he has major projects on the go in 20 countries, including in Pakistan power/energy, rail and housing
does that sound like someone who has a track record for leaving.

ADM Energy was supposed to be his new flagship enterprise hence he put his name on the company
ADME Ahmed Dalmook Maktoum Energy - notice the BOD have not removed it yet

re the earlier post on the PPIB web page it still has last update at the top of 21 May I thought when
I posted it the other day originally it had just NTP and LOI in process, just looked and posted again
states ISSUANCE of NTP & LOI in process

Can anyone remember from the other day if it had ISSUANCE on it, as its driving this old guy nuts
as when posted the other day I only remember highlighting it had PROCESS vice other projects
having PROGRESS in various comments

HEEEEEEEEEEEEEEEELLLLLLLLLLLLLLPPPPPPPPPPPPP

For those looking purely at SP and shares in issue they are never the driving factor on any share the
current (too high / low for asset cash/debt) and achievable future Market Capital is the factor
that moves a share (rigged pump and dumps excluded)

if the 1st part of the project for the power station comes in at 3.5 billion of which we would own 12%
or around 400M, on the markets things never ever factor by those figures, hence takeover prices
unless a distressed seller always way higher than the current market valuation
Just like an oiler with 500M barrels but yet to drill will not be valued at 500m x $50 dependant on
regional risk etc will be lucky if it gets 10-20c a potential barrel in the ground and likewise Gold
the company will not become worth billions having JORC we have 1m oz's

So what can be achieved with our 3.5B LOI we own 12% 400M
but lets just look at much less 1% (simplified figs used)

35M shares 1,869,000,000 1.87p £35M raised on 1,869,000.000 new at 1.87
70M shares 3,738,000,000 1.87p Market cap still only 2% of LOI

still have 1% of value of LOI and raised £35M cash to fund project still a double bagger for
those in at the recent lows 0.6

At just 2% of LOI valuation same could be done with a resulting sp of 3.74p

Perhaps a consolidation and a bigger raise to fund additional parts of project

35M 1,869M shares 1.87p share consolidation at 10-1 rate new SP 18.7p
35M 186.7M shares 18.7p raised £100M issued 535M at 18.7p
135M 721.5M shares 18.7p still 1.87p in old money

So very lowball 1% valuation one twelfth of our project holding gives a couple of bags
2% multi bags to 3.74p is a rise with still the coal the gas the urea to come

Can Oracle reach such dizzy heights of 1-2% of the initial project value
is it achievable

HELL YES

I have been in many oilers and miners with nothing but high hopes and an upcoming drill reach far far
higher market capitals, ORCP is tangible we are opening a coal mine we are going to supply a power
station with that coal

We should in the future expand that with the Gas/Liquids/Urea elements

We will not be getting an RNA crying DUSTER or our grades where only 0.2 grams per ton when we
expected up to 35g from historical records yada yada

What ever your plan short term, medium, long or a combo as you can see even at lowball figures
some nice profits will come in each of those phases as things progress and we move near to
production and a valuation nearer our holding of 12% not 1%

Longer term the ceo has already stated believes when all parts of the project factored in the total
LOI will be nearer 5-6 Billion which would make above calculations about 1/2 of a percent

Issuance of NTP and LOI in process

PPIB website status

http://ppib.gov.pk/N_upcoming_ipps.htm

end of last cut off (not to do with icon)

a huge pump coming to sell those shares much much higher
time for a risky punt on the later scenario

Greenspan
just one of 3 types that rule the markets these days, at least ICON is Main Market and now has people with
real reputations to get the job done once the legacy problems ended

Many do not research the 3%+ TR1 holders/Directors confusing REAL II with the new generation funders since
the Financial/Banks collapse and traditional funding drying up that started pre 2008

Death spiral funders like on UKOG YA and there sidekick Riverfort finally binned with still £1.75M
to convert , high of 11p on Horsehill discovery since drilled successfully, increased ownership from
27% to around 85% increased production yada yada yada and now roaring at 0.22p

The safely make 100's to 1000's % and don't give a **** if the company then goes up down or sideways
I call such Odious Asset Management will see picking up huge chunks at the low for e.g. on an Oiler
with a drilling campaign on the horizon

As generally happens the closer to the drilling, sentiment Pi's and HNW individuals who like Oil some
genuine II's might join if meets their criteria join the party and the price rises massively in many cases

meanwhile Odious sells for massive profits into the rise, recovering capital making a nice safe chunk
of profit and may even leave completely before the drill results not caring what occurs at this point

some will keep a FREEBIE at this point holding so again don't give a rat's if a duster made a fortune
already if it strikes make even more

Cant believe the posters that after a duster talk sympathy for that AM stuck with a now worthless 5%
wtf if they had half an ounce of dyor that AM made from £2-20M + selling the rest on the way up

Finally the company broker TR-1 if that increase in holding is not down to a recently announced
placing, tread very carefully and take note of the people in charge of that company as the same
likely to happen at other companies they are involved with and AVOID them or take advantage
of knowing what sure as s is s is going to happen again and again a certain Mr Bell the king
of death by dilution and the dog ate my homework

Most classic being a roar from fractions to over 1p on imminent sale of Greenland asset
never happened, time goes by problem the Russians money trapped in the Cypriot bank
(convenient occurrence ) from that point basically never mentioned again, years later what
appears to be the exact same mega million asset, turns up acquired by another London listed
for a nominal £1 and it wasn't from where some of us thought it was still rotting away either.

The house broker is supposed to make a market and shift shares for the company not keep TR1
an increased holding sometimes well into the 20%, the company must be aware of those TR1

usually 2 scenario's the shares are being dumped big time and the broker being stuck with them
and we also about to be shafted as the real reason is SUDDENLY announced or the mother of
all jam tomorrow style RNA about to land and a huge pu

Not that kind of funding ,think Julian referring to the mentioned removal of the current , potential death
by dilution finance, with a structured finance such as production offtake agreements, that the BOD have
previously made mention of, if they do pull it off, that would be massive to the sentiment of the company
with removal of all the uncertainties associated with the current finance deal

Hope your right Julian
a replacement deal would be a massive boost and could see the SP doubling or even tripling on
that alone , which would give a fine platform to build from leading to production next month

Zimbabwe will eventually arrive its been imminent for 8 months but starting to wonder how much
it will end up being worth, given the in country partner controls the sales of all Zim diamonds and
has constantly been involved in media scandals over missing diamonds missing millions and BOD
spending vast amounts on themselves like the current 2-3 million on luxury cars which apparently
was part of a Gov funding package for vehicles but the sort you would use in mining operations lol

At least we now know vast conducted themselves and actions in good faith and had no responsibility
for the hold up as zcdc ceo put it delay due to complexities in the community side of the deal, which now
translates to the community deal was more devious moves and corruption as the real community
leaders saying they where not involved in the process, a rogue group set themselves up as the representative
body in negotiations
When de pretto then announced all future dealings would be direct between zcdc and community
what he meant was they had a can of worms to sort out before the project can proceed
zcdc being a 100% owned Gov entity presume when the ministry announced deal should be done
end of month (pre covid delay) they had finally smoothed things over with whichever community
group moving forward.
Once up and running it will still provide substantial revenue, lets hope zcdc new bod get their house
in order and those revenues turn into the potential figures we where optimistically expecting last
year.
It's be a full theme park ride that's for sure but we can after years of B.P and months of Zim imminent
soon start posting , in production, look at the revenue and fingers crossed 2p imminent lol

Haha you lucky bar steward ave 0.027 after today my ave down into the 0.04 first buy in back in November
0.14 with cries of 1p soon, ave down again and again as it fell to 0.06's then cast it off to the bottom draw
until last week lol
Still think some gains to be made once EHG kicked to the kerb and gone.

mentions former board Chair, Killian Ukama did not know he had departed, he was the one who did an
interview back in September one weekend and leaked deal to be completed next month, then the
complications with the community side of the deal delayed things or as came out in March according
to the real community leaders they where not consulted AT ALL

A group of other locals apparently formed up and created a new group which negotiated with zcdc
and vast then at the zcdc/community meeting where many of us expected things to be finalised in
late 2019 it turned into chaos as the community leaders lead by the very aggressive Chief of Marange
turned out to protest, De Pretto shortly after declaring all future negotiations would be done directly
between zcdc and the community (whichever group that is?) at the time looked like a nice move and
distanced vast from the situation, details that have come out since make it apparent it was so zcdc
could try to resolve the quoted "complex community situation" without further public embarrassment

The former case was over many audited missing millions not the luxury cars the former ceo and several others
where sacked and ukama became chair and de pretto temp ceo and still is , vacancy advert still on website

The former ceo went through the courts and won his case last January when he also declared he wanted
his job back and/or a very large compensation for defamation and unfair dismissal having won in court
so that's most of 2 sets of BOD departed in the past 18 months or so

zcdc have had a very turbulent first few years of existence since formed to oversea all diamond mining in
Zimbabwe on behalf of the Government to stop all the corruption and loss of estimated 100's of millions
that had occurred under the previous regime

Guess the staff have changed but their expected perks haven't lol

https://bulawayo24.com/index-id-news-sc-national-byo-186555.html

strong finish I should coco

Fomo Friday, today there is no doubt
a delight soon to witness
Pete pull his coloured hair out

In and out those trucks will show
West Newton makes ready, EWT & flow
just how high could it really go

The share price rising, time to go big
soon the arrival of a gleaming rig

all proved up, the story now told
Dave foretold
for hundreds of millions, to a major sold

when we reached 0.3 holders cried out whopee
now Heid is smiling, millionaires , SP 3p

China envoy stated happy with progress, so hopefully that means Xi sign off visit ,still on schedule
which means not just orcp project will have to be progressed very soon to be included in the 10th
JCC Energy-Infra where all expected to be finalised prior to his visit and switching to Phase II
emphasis and financing.

The tree huggers are completely deluded, even after all forms of transport have switched to green fuels,
oil will still be required, for the thousands of other products it is used in around the world for the foreseeable
future, the reality is , oil available in commercial quantities is still more likely to run dry before demand does

They cried coal must die soon, many years ago, across the sub continent and parts of Asia coal use is increasing
rapidly, for example Pakistan currently building multiple power stations on the Thar Desert coal seams with
a projected capability of powering the country with low cost energy for the next 100-200 years

Oil will still be a major resource until most if not all of us on these boards are long departed.

Just after the statement we where awaiting word from the ministry, this appeared which revealed why the
community side of the deal had been a problem and questioned the legality as they the community
leaders had not been involved and where challenging the arrangement.
Maybe someone has got wind the ministry have smoothed over the cracks and are about to rubber stamp
the JV at last GLA
its been a rollercoaster ride but this is now looking like the blue touch paper has been lit for the rocket to
a penny+
all eyes RNA imminent ?

https://263chat.com/marange-community-bitter-over-fraudulent-diamond-mining-deal/

Bluer than Mystique

(x men)

than

a smurf
a porn star
a whale
a stand up comic

this could go on until the LOI arrives lol

If President Xi is still planning to have his state visit and sign off Phase I and switch emphasis to Phase II
in June more finance committed.
They will have to get a wriggle on as a prerequisite of that event is all in place to be left to get on with it
companies/contractors with minimal interaction with Government now focused on Phase II projects
The elusive 10th CPEC JCC also would have to be held and all checked and double checked ahead of Xi
arrival
Expecting much news flow not just from ORCP in the next 7-10 days if not then unlikely Xi visit imminent
and back to the original timelines

(2019 media 10th Jcc may/jun state visit jun/jul)

Have you instructed Dave where to plant the baton as he passes ?

RNA's earlier this year BOD expecting to with funding and revenue to be at least running neutral/breakeven
by H2 2020 (Jul-Dec) further agreements/deals since and more in the pipeline, with each announcement
expect that breakeven to cashflow positive moves nearer to July.
However until they get their act together and have EHG convert per the RNA the HIGHER OF so latest
tranches should have been at VWAP not nominal , just like 7th May RNA £100k 500M shares VWAP 0.02
Will take some blockbuster news to break out of the current rangebound rinse repeat level and hold
some of the gains moving forward into each following conversion.