RE: STRONG HITS AT RIVERSGOLD KALGOORLIE 🚀🚀2 Feb 2026 09:23
Many people have been sucked into the hype without knowing what the company is about, and now, they are feeling agitated, and not accepting responsibility for their own investment decisions.
People dismissed a lot of information because it WASN'T what they wanted to hear, and now, they themselves need to hold accountable for their investment.
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 a best 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 has about £500K and this was in June 2025.
Administrative expenses for 6 months is approx £280K.
We are approaching February 2026, it means that Oracle has only approx £200K left in the bank.
Any potential revenue from Northern Zone won't happen immediately whereas the urgency for Oracle to raise will.
It's clear as day what will happen next.