Member Info for Washers

That is the official closing price 0.007 so up for the day. However they will show the SP at 0.0063 on opening and attempt to convince investors it’s dropping when in reality it’s building nicely in the background for a long awaited rerate.

Enjoy.

Recalibrate You are underwater already on your latest trade. You should have had more conviction in your own 70 plus repetitive posts of SP going to mid 2’s.

Feel free t continue posting sell price.

Yes I’m a long term holder and hopeful that the Gold project is sold so no further dilution to shareholders as Thar is what I invested in.

GLA

19 Sep 2024 17:20

RNS Number : 9426E

Oracle Power PLC

19 September 2024

19 September 2024

Oracle Power PLC

("Oracle" or the "Company")

Northern Zone Gold Project Drill Results

Oracle Power PLC (AIM:ORCP), an international project developer, notes the announcement released on the ASX by its farm-in partner, Riversgold Limited (ASX: RGL) ("Riversgold") on 18 September 2024 and is pleased to provide an update on the Northern Zone Gold Project in Western Australia ("Northern Zone" or the "Project").

Highlights

· The latest aircore drilling at Northern Zone, located 25km east of Kalgoorlie, continues to tag the top of an extensive gold-bearing porphyry system.

· Drilling has tagged the top of a blind porphyry system, with widths now approaching 600m.

· Drill results from the first 8 of the 30 completed holes have now been received, further validating the geological model for the previously announced Exploration Target at the Project of 200Mt - 250Mt at a grade of 0.4 g/t Au - 0.6 g/t Au for 2.5Moz - 4.8Moz of gold1.

· Further drilling results will be announced in due course.

Naheed Memon, CEO of Oracle, commented:

"Riversgold's exploration and resource definition work at Northern Zone continues to yield promising results. These latest results demonstrate that the porphyry system discovered at Northern Zone may be larger than originally indicated extending up to 600m in width. Northern Zone is in a highly active and exciting phase of work as planning continues to drill across the tenement to further explore the upper elevation of this blind porphyry. We look forward to receiving and providing further assay results in the coming weeks as we begin to get a true picture of the potential size and scale of this exciting discovery."

1 The potential quantity and grade of the Exploration Target is conceptual in nature. There has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource. The reader is advised that an Exploration Target is based on existing drill results and geological observations from drilling as well as interpretation of multiple available datasets. The Exploration Target is based on historical third party and Oracles drilling results. It uses data from 53 historical drillholes drilled between 1998 and 2012, and 7 drillholes drilled by Oracle in 2021.

The below excerpt is taken from yesterday's Riversgold's ASX announcement without any material changes. The full Riversgold announcement can be viewed here: http://www.rns-pdf.londonstockexchange.com/rns/9426E_1-2024-9-19.pdf

For further information visit www.oraclepower.co.uk or contact:

Oracle Power PLC

Naheed Memon - CEO +44 (0) 203 580 4314

Strand Hanson Limited (Nominated Adviser & Broker)

Rory Murphy, Matthew Chandler, Rob Patrick +44 (0) 20 7409 3494

St Brides Partners Limit

That was a joke it’s slightly higher around £5k not my best day at the office.

Will be leaving to grandchildren 5 year plan

GLA

About £2300 thanks for asking.

GLA

Obvious and expected comment. . She has still put £220k of her own money in. She didn’t have to.

GLA

Naheed purchased £220k worth of shares in a block buy at 0.45 in January 2021 which is a worse average than mine. (Only just)

Therefore she has plenty of skin in the game.

GLA

The recent rally allowed for a raise at 0.000219 did well to raise at that price.

I would rather those funds were used to push forward existing projects.

GLA

I agree. Not sure why some posters can’t make it clear what they are suggesting continuing with their negativity.

A Bed & ISA is a positive, it indicates that person is holding onto their shares.

GLA

Looks very much like a Bed & Isa what did you think the trades indicate Naheedout?

GLA

It is updated to show NO changes. To be clear ORCP have not been notified which would be required if thresholds reached.

It would appear all significant shareholders remain unchanged

GLA

I received a response in quick time from ORCP PR in relation to the Significant holders page on their website.

The updated date has been changed to today’s date and all significant investors remain invested with no change.

A positive in dark times.

GLA

I have been invested in ORCP for about 4 years. I have been buying throughout that time and have £65k here. Currently worth about £4K.

The placing will go ahead. Naheed will already have the support of significant holders to ensure the placing goes ahead.

I have been investing for about 15 years ORCP remains a company with massive potential but I need Naheed why she didn’t go down the standard route if consolidation then a placing. Usually end up a paper loss of 20%

I hope she has news ready to release once placing confirmed but with the addition of warrants my investment is years away from reaching a profit.

I remain invested as I will never sell at such a loss and I believe the GH will happen. I will continue to monitor and wait for Naheed to appear and explain.

I have requested ORCP update significant shareholders page on website as that is the only positive here at the moment.

GLA

GH it my understanding again I am no expert that once you exceed the first 3% then it goes to 5-10-15% etc before notification required.

Happy to be corrected I was only looking at the timing of the trade in relation to the long awaited update on the significant holders page on our website and the fact no TR/1 can only mean two things as discussed.

I agree the Sheikh doesn’t need the money and no evidence so still going for overhang of placing shares rather than a new or existing buyer.

GLA

Yes that is my point exactly. If no TR/1 can only be in relation to placing or sheikh reducing but remains above 10%

I will stick with placing related and won’t expect a TR/1 unless GH has another scenario

GLA

Legal I was thinking overhang. I am certainly no expert

GLA

Hello GH I understand but that is only half of the placing shares. The profit was made on the other half IMO when forward selling from 0.17

Agree there needs to be a TR/1 if new buy entity and if existing significant breach 5-10-15%

Although no immediate TR/1 are you expecting one if no then is there another option for the large trade?

GLA

It is very unlikely. If anything I would expect him to buy.

It’s only a scenario I just don’t like the timing of the updated significant holders page. It maybe simply admin for the AGM in 10 minutes time.

I know everyone saying a buy and I want it to be a buy but in reality and watching SP my view is it is an accumulated sell related to placing.

That is a POSITIVE

GLA

If this large trade was a buy by a new or existing significant shareholder we will see a TR1

If this is related to the recent placing and an accumulation of sells so far then no TR1 ( This is positive as placing shares may have now finished)

The Sheikh may have sold this amount and remained above 10% so again no TR1 HOWEVER the significant shareholders page on website will have to reflect this. What is a coincidence is the shareholder page hadn’t been updated since 7th March despite my request via a question during last Q&A. The day before this trade announced this page was updated with no change?

The timing may just be a coincidence in the Sheikh is our greatest supporter so unlikely he would have sold.

I am a private investor with 19 million shares averaging 0.34 so not looking pretty at the moment.

This year we should see some more positive news I still have faith and my money supporting Naheed and ORCP.

GLA

The recent SP action was pointing towards a fund raise. I emailed ORCP and asked the question at the meeting and got the generic response.

The interesting thing is the low amount. I agree this does feel like a raise to tie us over till some very positive news in a short timeframe.

Also it discards the nonsense of any significant holders selling in fact they have increased participating in the placing that is very significant.

Have to sit and wait, some have been forward sold IMO

Good news inbound.

GLA