The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
It would appear it is you who needed reminding. I have been invested for acouple of years and this is the best position ORCP has been in during this time.
I read and welcome every post I’m interested to know whether you agree that if ORCP achieve their goals that this will be transformational for ****stan, ORCP and it’s shareholders.
GLA
"PowerChina, one of the largest Chinese state-owned-enterprises, will partner with Oracle, with the intention to establish a 400MW capacity hydrogen plant powered by photovoltaics, with planned hydrogen production of approximately 150,000 kg per day. PowerChina is already working on a technical pre-feasibility study and has reported its interest to its government in China, with both parties expecting the project to receive bilateral support.
"This is a development which certainly resonated within the market, and has the full support of our strategic shareholder, The Private Office of His Highness Sheikh Ahmed Bin Dalmook Juma Al Maktoum, who has expressed his enthusiasm for this initiative. We look forward to providing further updates in due course as the technical pre-feasibility advances.
The £45 million is different. ORCP dictate when and at what SP we enter into an agreement.
We have roughly £1.2 million in cash plus any further drawdown will be to develop the company and increase shareholders value not just to keep the lights on like other companies.
GLA
It is common practice to flip conversion shares. If you have been investing for awhile you would have been aware of this. They take their 20-30% profit and move on.
ORCP are on the verge of something very special IMO.
GLA
Oracle Power PLC (AIM:ORCP, AQSE:ORCP), the international natural resources project developer, is pleased to announce that the first phase of Reverse Circulation (RC) drilling has been successfully completed at the Northern Zone Gold Project, located 25km east of Kalgoorlie in Western Australia ("Northern Zone" or the "Project").
Highlights:
· First phase Reverse Circulation (RC) drilling has been completed
· Drillholes up to 260 metres deep mainly targeting gold mineralisation within a series of stacked porphyry intrusions
· 1,161 samples have been dispatched to ALS Global
Naheed Memon, CEO of Oracle, commented:
"I am pleased to report the successful conclusion of our maiden drill programme at Northern Zone. The geophysical analysis completed earlier in 2021 points to an extremely exciting new gold zone and I Iook forward to sharing the results of the drilling once received from the laboratory."
GLA
It is recognised by the Parties that the availability of land, labour and abundant renewable resource makes ****stan an ideal location for the setup of a large-scale green hydrogen generation facility, pivoting the country towards a green hydrogen economy and to becoming one of the main green hydrogen suppliers for the world in the future.
GLA
This was a pre-recorded announcement carefully worded by China.
Please note the wording from the headline. ‘New’ it is consistent throughout announcement not sure how much clearer it can be.
‘Big line in the sand’: China promises no NEW coal-fired power projects abroad
“China will step up support for other developing countries in developing green and low-carbon energy, and will not build NEW coal-fired power projects abroad,” Xi told the world body.
“Many questions can be asked about the announcement, including whether it will be implemented immediately, does it include only financing or also construction, does it apply to state actors only.
Even the director of China programs needs clarification. Why? Because China will continue to develop as they NEED Coal.
Scott Moore, the director of China Programs and Strategic Initiatives at the University of Pennsylvania, also called for more detail.
GLA
Chinese politics, in fact world politics is a play on words. The recent RNS confirms this. Thar is moving forward. ****stan need Thar, China need coal and continue to stockpile. CPEC are going to provide funding. If you understand the world economy, it is very clear that China get what they want whilst trying to appear as team players.
China President 'pledge' is to cease building NEW projects, during the press release the word NEW is consistent throughout. Thar is an existing project.
GLA