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Based on the 'performance' of the clown at the helm I decided today to cut my losses as I see nothing but dilution/failure in the near future. I knew my initial 'punt' would be well down but it's actually circa 90% down so Naheed has managed to trap me in this stock as there's literally no point selling as it would only get me a good bottle of wine and a chicken donner mix.
Looks like I'll just have to wait for a 'miracle' buyer to offer ORCP a few quid for one of the unicorns.......sorry.....Essential renewable fig leaf projects. Oh well, looks like there's more chance of my bottle of good wine turning into a can of Skol before anything positive happens here.
Message to all rich Chinese Chaps who 'say' they want some GH or whatever it is..........£5 million on the nose should get you ALL of what ORCP currently has, no brainer ;)
All the best
Watcher36
I think he implied that the handover can't be done fully until they've fitted the (next) new mill that will be the permanent one. Once fitted and up and running, they can guage whether the end-to-end process is consistent and all the bugs are worked out, and then PREM can take it over.
That doesn't worry me too much because it's a known known, and as long as the new higher capacity mill gets 'plugged in' correctly, we'll be off to the races.
Cautiously optimistic, let's see what GR has to add when he puts out an RNS.
All the best
Watched it, quick points of interest:
1. The floatation circuit is operating as designed/expected, so it's working, thank fcuk.
2. PREM will RNS what grades are being achieved and whether GR is 'expecting' to meet the minimum requirements for Canmax. Stark bloke said that SC6 isn't coming straight off the bat but (if I heard correctly), the optimisation will increase the % so SC6 is achievable. Sounded to me like the washing has to go through a few cycles before the stains are completely out, so it can achieve SC6 with some jiggery pokery.
3. The plant is capable of 'potentially' achieving circa 125% of nameplate capacity in time, so with a bit of luck we can produce more than 4k tonnes per month once fully optimised.
All in all it was a 'guarded' positive interview which now leaves GR to fill in the blanks with an official RNS. As an investor, I want to hear confirmation that we can supply Canmax with 1k tonnes of SC6 by the end of November. Anything and everything else is irrelevant if we can't meet our obligations.
Roach, it's over to you, please don't disappoint.
All the best
* = all expenses Spa trip with a full body massage, nail treatment, rejuvenating face peel, and a suitcase full of meaningless 'letters' from some Chinese Chaps who 'might' buy something if ORCP 'make' something, but won't give any money to 'make' something so nothing will be made.
Have a good evening, Naheed will.
Evening
https://www.oraclepower.co.uk/investor-relations/significant-shareholders/
The date is 24 July 2023, it is now 9th October 2023, a lot can change in that time. The super rich Sheikh who has toilet roll holders in his palace worth more than the entirety of ORCP owns 14.46%, he clearly isn't likely to sell because he doesn't need any cash, particularly as it will be at a considerable loss if he does sell on the open market.
He also doesn't want to 'support' the company by cashing in some of his bog roll holders or ash trays to see us through while Naheed plans her next holiday.....sorry.....High level meeting with key tier-1 stakeholders in order to add significant value to shareholders whilst spearheading a 'green' (sic) energy taskforce*.
Brandon Hill have 4.64%, and for some reason, Barclays Bank have 3.71% with our Dear Leader having 3.06%. So 18.98% not freely traded and the Sheikh owning the Lion's share. It's hardly a massive chunk which means the rest of us mugs are left holding the bag with holes in.
After the next dilution, we might get an update if one or more of the 3-4%ers sell/buy more shares. No doubt 'those in the know' would've forward sold their shares BEFORE they were invited to buy them back at 0.35p (hence the large selling in the weeks prior to the last wonderful RNS).
If any drop below the 3% level we'll have to get an RNS as they will then no longer have to inform the market if they stay below 3%. The amount of shares about to join those already in issue will mean those who hold shares now will also be diluted, so if they didn't take part in the placing, their % levels will drop as more shares are issued.
Time will tell.
Wow, the delusion is entering certifiable stages now. 'CS is 70 and DESERVES a rest/dividend'..............He deserves the BOOT along with the rest of the CLOWNS who've shown themselves to be completely incompetent and downright HAZARDOUS to the wealth of shareholders.
What have they got to show for the 25 plus YEARS of 'developing' EUA???? 2.3p on the bid (and dropping) with a somewhat dwindling number of deluded cheerleaders who pipe up with posts that look like they were written by the Mums of the BoD, who don't like it when their little boys are being called names in the playground.
25 years of these 'experts' and we have consistent losses and a bag or two of sand that CAN'T be processed into PGMs because we'll be suspended on LSE if we attempt to do so, and/or have a monster tax slapped on us by the Russian Government if we 'attempt' to repatriate funds to the UK (a non-friendly country).
The egregious BoD of Eurasia Mining have offers on the table, they just don't have the bullocks to come clean and show the derisory number that will be left over for shareholders when all 'fees, taxes, brown envelopes, etc' have been accounted for. These muppets can't even sell what they scraped off the surface in a soft rock open pit mine nigh on 2 years ago, and people STILL talk of $100 billion plus in-ground asset values and £1.00 plus share sales!
Eurasia Mining's new anthem, 'no sandpile too big no sandpile too small, we'll PAY to keep it safe while the price continues to fall'.
Pathetic
Id say he's posting a statement of fact that aligns with the UK Fire Brigade who have 'highlighted' the nigh on impossibility to extinguish an EV fire, which in turn leads to a severe risk of 'contagion' to any and all vehicles in close proximity during a motorway pile-up for example.
Let's not brush over the 'strange' incidents where EV drivers have reported the FACT they have lost control of the vehicle as it suddenly 'sped up' when the accelerator wasn't even pressed either. That could very well be construed as a 'negative' also, and maybe that's one of the reasons why a considerable amount of people are only 'driving' EVs because they are financially incentivised to do so via their employment (company cars).
It's funny how a lot of things that actually turn out to be 'harmful' in the fullness of time, when initially they were pushed by 'incentive' and then shortly after by 'coercion' and then 'force'. In other words, if the entirety of the media and political sphere want YOU to do something, you can GUARANTEE it's NOT in your best interests.
And if you still have doubts and believe that the (obviously) scripted media and political parties are all above board and care so much for you, I have an 'Eco-Friendly Green' milk cart I'm happy to sell you for £70k, it's a bargain and it 'probably' won't catch fire anytime soon (the battery will die before you get to work), all major credit cards accepted but I prefer cash or Gold, no warranty, sorry.
All the best
The mass of sells since the dilution announcement says everything about where this company is heading. We've been had, plain and simple. The next 'surprise' will be negative soundings around the economic viability of ALL the fantasy unicorn projects Naheed decided to hitch us to. Then the licenses will simply 'transfer' to other companies with deep pockets and ORCP will be left with ZERO equity and 'maybe' a promise of a royalty in a galaxy far far away.
Anyone holding shares over the past 6 months will 'probably' NEVER see our investment again because the CEO has sacrificed us on the alter of virtue signalling 'green' nonsense, when she SHOULD have been developing the easy to access coal that sits under the Thar blocks. Pak imports coal on a daily basis to keep the few lights on it has, plenty of energy companies and power station operators would've provided funding to get a basic, simple coal mining operation off the ground.
But no, giving presentations to 'women in business', and talking siht in hotel conference rooms with people who take her about as seriously as the market takes ORCP is more important to our suddenly silent Leader. All the LoIs and MoUs that she's brought back can at least be used to wallpaper the office and save us a few quid this winter. I've heard that non-commital Chinese paper is very thermally efficient so at least we have some insulation to help reduce our 'carbon emissions' from the carp spewing out of Naheed's grid every time she opens it.
Vote Against, anything recommended by Naheed is bad for shareholders so just vote against everything and maybe she'll do us a favour and walk.
Have a good weekend, more selling next week no doubt.
here's an excerpt from my post on 25th september in response to one of those 'there won't be a dilution' posters 'calling out' (another sign of the ***** times we live in) anyone who doesn't see sunshine and h2 rainbows (unicorns):
'no, they will simply do what all other lifestyle companies do and reduce the nominal value to get a discounted placing away. they have enough 'tame' shareholders on the register so naheed will get the required amount of votes to do it.'
the rest of my post on that subject reads true also, so if you want to see proof that naheed's actions can be predicted with just the most basic amount of historical research, have a read.
the gamble for us who already have shares here has failed. those buying now 'might' make a few quid but for me the company (and more importantly the supposed ceo) is uninvestable.
licenses may have to be 'relinquished' based on the lack of progress and any 'deals' for finance will involve most if not all of the equity transferred in exchange for 'promises' of future royalties (5,10,15 years away).
naheed spent the entire cash reserves of the company over a number of years to get her nails done and fly around the world delivering speeches to 'women in business'. she returned with some post-it notes from companies that 'probably' laughed their way out of the meetings and let her think they would actually give her some money to set fire to in a pak bonfire.
suspension of pay to get the company through such a (self-imposed) difficult time naheed and the other (invisible) bod??? no, thought not.
If Naheed STILL requires additional 'financial feasibility studies', it's clear that the GH (nonsense) project(s) that we already know will cost $billions are NOT economically viable. The company is worth circa £800k which is now valued LESS than my local 'successful' cafe with 35 covers. Yes, a cafe in an urban area of the UK that sells 'sustainable' sausages and 'green' bacon has more chance of attracting reasonably priced bank funding than this miracle of Sindh Province.
Only about a 10 thousand % increase needed for most investors to get back to where they started. Ludicrous.
Naheed has already decimated the company, it's worth circa £800k in its entirety right now. There's no need to spread 'fear' which is such a ridiculous statement and a sign of the wet blanket weak minded times. Naheed (the supposed CEO not the new poster) has already done the damage and spread all the 'fear' all by herself with HER egregious actions.
I see it isn't such a great 'achievement' to be on the Sindh Coal Board or whatever other 'corrupt' club she's a member of any longer. Doesn't exactly translate to a boon for shareholders to have their CEO in all of these 'PAK political' clubs does it? I mean the political landscape in PAK is fully transparent and not corrupt at all is it? That's why the country is run so smoothly.......Or.
Apologists for Naheed are the ONLY posters to 'fear' on a chat board that has been used for GH propaganda with articles posted here there and everywhere about the 'miracle' of GH and how the Chinese etc are all over it (bullocks).
You've all been shown for what you are, shameless shills ready and waiting to turn on any poster who offers a different opinion based on FACTS and the history of Naheed's actions.
Go find a mirror, one that hasn't already cracked, humility might be found in there deep down.
Vote Against
Do all the complete IDIOT cheerleaders get it now? Or are you going to hide for a few days then come back talking about 'great top up opportunities' and other such nonsense.
Naheed is an incompetent disgrace, she has spewed ALL funds raised through HER placings on travel, hotels, wages and expenses, and achieved.........Fcuk All!
Sack the fool at the next possible opportunity (if we get to an AGM without bankruptcy), or watch the licence areas we 'apparently' have be taken away for nothing.
Stick your GH where the sun don't shine, the ANSWER to value for a company set up to extract and sell coal is and always will be COAL.
Never mind, all of these 'big boys' we have post-it notes from 'aren't playing around', this Green (sic) nonsense is 'serious value', when actually it isn't, it's a fig leaf for a lifestyle CEO who's changed horses more times than a Jockey in a race fixing syndicate.
No chance of seeing our GAMBLES back here, we're way too far behind the start line now. Shame one of these multi-billionaaires we are 'apparently' partnered with couldn't advance us a measly £5 million to keep Naheed in the lifestyle she's become accustomed to......sorry, add shareholder 'value'. It's almost as if they aren't really 'serious' after all isn't it.
Take a bow Naheed, now we know why there's been nothing but large sells for weeks, those in the know had advanced warning, and Naheed has been quieter than a Church Mouse.
Shocking
97% of 'research' scientists are both full of siht and 'funded' to create ridiculous 'computer' models that have been, and are consistently WRONG.
However, 100% of mask wearing sheep 'believe' in the cult of climate change and believe the answer is global tryranny and destruction of the poor in each and every country so the rich can drive £70k milk carts that require 500 tons of raw material blasted out of the earth for every 1 ton of weight for the actual vehicle. All of which is highly toxic with very little chance of recycling into another useful product once it's cooked and useless.
Oh, 100% of NHS 'doctors' tell you a high carbohydrate 3 meals a day diet with high fuctose fruit 365 days a year with '5 a day' is the key to health.........as they 'prescribe' countless DRUGS to counteract diabetes, auto-immune disease (caused ENTIRELY by toxic diets and environmental conditions), but no, I'm sure they're correct, being 'experts' and all that.
Watch a popular high budget black and white film from the 1930s/40s, have a look at the skin condition and cognitive function of the children and adults during dialogue, now look at any film since about 2010 and have a look at the fat mess 'humans' with incoherent speech, terrible skin and hair trigger emotions (hysteria), and you'll see why so many people 'believe' in the Church of Climate Change.
Isn't it funny how all of these recent (isms) and 'emergencies' result in more and more human freedoms being removed permanently. Almost as if it has been written down somewhere and planned??? Perish the thought. Oh, mask wearers, thought = cognitive function, it doesn't concern you.
Never mind, GR will explode some additional rocks and soil in Africa to get a few grains of sand to ship to China on a cargo ship to 'save' the 'climate' soon. We'll all be 'saved'.
Grow up
Doive
Prem is down over 8% a couple of days after informing the market that a vital mill installation is up and running, and AFTER the CEO gave an interview stating he 'expects' nigh on 2k tonnes of Spod6 to be produced per month in the current configuration, which surpasses the required amount needed to satisfy the amended contract with Canmax.
It's nothing to do with the 'wider market' and everything to do with Prem-GR-Trust, which are 3 words that combine as harmoniously as oil and water or Premier League referees and integrity.
We either send a minimum of 1k tonnes of Spod6 to China by the end of November, or we get dry bu(mm)ed by the people who set the shareprice on a daily basis.
Vaseline, KY, Nutella, the choice is yours.
Summit
No, why would I sell shares in a company that 'had' been through an official Formal Sale Process, had officially been informed via RNS that an OFFER had been received and accepted that would allow a 'significant dividend' to be paid to shareholders (which implies more than the shareprice), had been informed in WRITING that the company who made said offer had COMPLETED their due diligence?
It's not 'greed' as you so childishly put, it's called logic based on the 'belief' that what you were being told in official company communications was TRUE.
The fact there are now significant doubts as to the veracity of communications from the EUA BoD that have been proven to be untrue in many instances (JORC shortly, Rosgeo options that EXPIRED after we raised $35 million to progress them, and many other material items hidden from shareholders until a poster finds them on a Russian website or a legal journal such as court cases and licence transfers).
No, I wasn't greedy, but I've learned a valuable lesson in TRUST, particularly with the nonsense pushed in every EUA RNS since. And as I said a while back, I have very little confidence of a positive outcome so I sold the majority of my shares at a considerable loss and left a measly 20k shares just 'in case' an actually mining company agrees to pay some money that can get out of Russia and back to a UK broker account without being 'diluted' by the Russian Government in one way or another.
The only 'greed' in EUA lies squarely at the pampered feet of the egregious BoD.
Summit
I'm one of the 'interested parties' bidding for all that lovely sand. I've spotted a gap in the market for playgrounds with a 'safe' medium to absorb the involuntary urination and defecation from blinkered children who 'think' this time will be different because another RNS says the BoD are 'confident'.
We've been had, plain and simple, if/when any offer materialises, it will be CONSIDERABLY less than the highs of circa 43p. The BoD played with fire, shareholders got burnt.
Back towards the 1.75-2p range by Christmas.