Ministry has elected to move forward with a consultative session in early March.
This is a very important step forward. Naheed has RNS this meeting before it has happened and not post meeting which has been the case in the past.
GLA
Really positive all the right people getting together early March.
“ proposed commercial framework through which development of coal to gas and liquid at Thar Block VI could be fast-tracked in order to help address ****stan's critical gas shortage”
GLA
The kick up the arse has started
“the development of coal-to-gas and coal-to-liquids; a goal which we understand has rapidly become high on the agenda for the Government of ****stan.
Oracle is the lease holder of a large block in the Thar Coalfield that is the only block which has been marked for coal-to-gas development under the CPEC initiative”
GLA
Not unless they participated in earlier fund raising at almost half the trade price.
The bottom line here is the seller could have sold on open market but Naheed saw an opportunity for very well priced shares and provided Directors buy at the same time which many have been asking for so a win win.
What is very noticeable is Naheed has 3% now a significant shareholder she can’t sell any without notifying the market. I believe this was intentional to show commitment.
GLA
Great confidence shown. It is not a significant shareholder (over 3%) who has sold their share to Naheed as the oracle website has been updated On 22nd with the latest transaction now showing Naheed and all existing significant shareholders remain the same.
This is very very positive IMO
GLA