RE: ?20 Mar 2026 08:14
Many people are getting sucked into the hype without knowing what the company is really about.
Here's a recap of the company:
The split:
Strictly speaking, it's 80/20 split between Riversgold and Oracle.
Then it's another 50/50 split from the 20% between Oracle and Mega.
So Oracle will only receive 10% of whatever potential find.
Oracle projects & running costs:
Oracle stated that the initial phase of the Thar Block VI coal and power development carried a gross project cost of about US$1.6 billion.
For the Green Hydrogen project, total cost is projected at about US$2 billion.
There's also the Blue Rock Valley project and other company expenses to pay.
Potential revenue Vs expenses:
The Northern Zone has an upper case scenario of £600 million POTENTIAL.
Oracle's expenses is absolute, and as announced the Thar project alone will require $1.6billion.
The Northern Zone 10% simply isn't going to cut it for Oracle in the long run. Their expenses greatly exceeds any potential income.
The fundamentals:
15billion shares issued speaks for itself. Last checked Oracle only had £557,986 and this was in June 2025. The raised another £500K in August 2025. This brings a total of £1,057,986
Administrative expenses for 6 months is approx £281K. Give it until August 2026, and they would have spent £562,000 on administrate expenses alone. Leaving £495,986 in the bank.
Additional Expenses:
However, Oracle has several types of potentially unforeseeable or uncertain expenses/liabilities beyond its regular monthly operating costs that falls under the regulatory, political, environmental, and permitting costs that cannot be forecasted precisely. Here are few examples:
1) Need for costly capital raises or project delays.
2) Unplanned development, permitting, or compliance costs
3) Writedowns if projects don’t perform
4) The weakened currency. The company operates internationally, fluctuations in exchange rates (especially USD, AUD, and PKR vs GBP) can reduce reported profits or increase costs unpredictably.
Past unexpected expenses:
To support my points, Oracle has had one or more unexpected / non-recurring kinds of expenses or charges in its financial history.
Oracle Power has in incurred Impairment charges on loans to subsidiaries and associates in the past; eg, £507,613 in 2024.
In 2022, the company also recorded impairment of debtors, £605,513 of unpaid amounts in the accounts.
The £605,513 sum owed to Oracle Power PLC in 2022 came from loans and financial advances the company had made to its subsidiaries and project entities.
Conclusion:
Any potential revenue from Northern Zone won't happen immediately whereas the urgency for Oracle to raise will.
Do people really think Northern Zone will generate revenue by August 2026?
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