Member Info for StokieGuy

There's been no delay. We had the best outcome. Everything has gone to the minister for him to grant the mining lease. 14 to 30 days.

SM,

Nothing has been adjourned. What was supposed to happen, happened.

The mining lease is now with the Minister's office in the final process of being granted.

If all the necessaries weren't complete it wouldn't have been referred to him/her.

Tell us one reason why the mining license won't be granted ?

Happy days.

BigW

Thanks for the update.

If it's adjourned it must be because we aren't ready with all necessary the paperwork yet.

The longer the wait, the better the reward feels.

foxy,

we all know it's coming soon. i also believe thar will come good as well. this talks about the summit held in may :

during the high-level ****stan-china bilateral summit and business-to-business (b2b) engagements led by prime minister shehbaz sharif, the discussions regarding thar coal primarily centered around converting imported coal power plants to local thar coal and expanding coal gasification for industrial use.the key developments and discussion points include:1. conversion of power plants to local thar coalthe main agenda: ****stan focused heavily on transitioning chinese-established power plants (such as sahiwal, port qasim, and hub) from expensive imported coal to domestic thar coal.financial and energy relief: this structural reform aims to vastly lower electricity costs for consumers and drastically reduce foreign exchange spending on fuel imports.2. industrial shift: coal gasification and fertiliser productionagricultural sustainability: beyond just power generation, the summit advanced plans to process thar coal into liquid fuel, gas, and fertilizers.mou commitments: building on framework agreements with chinese giants like shanghai electric, feasibility evaluations and business cooperation models were advanced to utilize thar coal for local urea and ammonia production to secure ****stan's agricultural supply chain.3. energy debt and cpec phase iidebt restructuring: the conversion talks were closely bundled with ****stan's ongoing discussions with chinese authorities regarding the re-profiling of energy sector debt under the umbrella of the china-****stan economic corridor (cpec) phase ii.the "just transition": discussions also touched upon managing environmental standards and balancing ****stan's coal boom with requests for technical assistance in a "just transition" towards green development.

Zesty,

The license won't be granted on Friday.

At best all the paperwork will be presented and the Warden then sends it all along with the recommendation to grant the license to the Mining Minister.

Google says it could take a couple of weeks after that for the license to be granted.

The hearing may be this Friday but going from what has happened previously I aren't expecting to hear anything straight away.

The spread is a lot narrower than it has been as well.

It's my understanding the MRE goes to the Minister at the same time as everything else for the mining license to be granted.

How many shares do you have SM

SM how many shares do you have ?

You do always talk them down.

Price of a stock is irrelevant. If it doubles, it doubles. Doesn't matter what the price is.

I can't see Apple or Amazon doubling or more in the near future.

SM who was that addressed to ?

My average is about 0.02375

Ten bag I have 80 million shares here - 0.5% of Oracle Power. I know quite a few hold more than me.

So £1m in dividends is £5k to me. £10m is 50k.

It's got to be the better option if only for a few years until Thar comes good. Then it would be time to reconsider.

Nobody mentioned special dividends. That would only apply if Oracle made a one off sale.

Is anybody here thinking this should be kept as a dividend share rather than just a sell for profit ?

Those Warden's Court hearings were kind of weekly for a while. Then adjourned for I think 5 weeks up to June 5th. I read that as a date possibly requested by us. We have to have all the necessary paperwork together to go to The Mining Minister along with the recommendation from the Warden's Court for the mining license to be granted. They have been drilling haven't they to see how steep the open pit mine walls can be. Any hold up at the moment is on us.

Thatboi

It was the 'These adjacent parcels are fully integrated into the existing joint framework' that made me question it.

Zesty, that's what I thought, but google tells a different story. It could be wrong of course.

Riversgold's acquisition of additional adjoining ground (e.g., tenement P25/2850) is designed to expand the broader project footprint. These adjacent parcels are fully integrated into the existing joint framework.

Riversgold has acquired additional tenements adjoining Northern Zone

'This strategic acquisition will be a joint benefit to our partners in Northern Zone - Oracle Power Plc and MEGA Resources'

What does everyone take this to mean ?

Using the space to work the Northern Zone mine, or does it mean the gold in the ground as well ?