Member Info for Washers

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

This refers to new projects Thar is an existing project a play on words by China in an attempt to show commitment to developing low and green carbon energy.

GLA

This statement was released last week. It is clear they are speaking about future projects THAR is an existing project.
So no negative impact on Thar VI but thank you for popping in.

GLA

Would expect several tick ups. SP had been dragged down on the assumption that Thar VI was not in play. RNS proves Thar is going to happen.

GLA

Seriously positive news Thar VI firmly back on the agenda.

GLA

Well done Naheed I have no idea why this SP is where it is , the conversion shares clearly putting pressure on but can be gone in a day if positive news comes out.
Thar VI waking up again and drilling for gold. Ridiculous SP IMO.

GLA

This refers to new projects Thar is an existing project a play on words by China in an attempt to show commitment to developing low and green carbon energy.

GLA

Value of Intangible assets up, loses down more money in the bank.
Certainly no dramas.

Drilling in progress on schedule

Happy with RNS

GLA

It’s there in abundance. Just waiting on LOI all the right noise coming out of ****stan but need confirmation in the meantime the drilling has started down under as a Brucie Bonus.

SP at the bottom , some large buys confirmed expect a steady rise during two weeks of drilling.

Fun is about to start IMO

GLA

The drill programme will take about two weeks to complete , it will be interesting to see how high the SP rises throughout the drill programme like many drills the success may well be signposted before official results.

Exciting times for all invested.

GLA

The Northern Zone is comprised of one granted prospecting licence (P25/2651) which covers an area of 82 hectares (Figure 1). The Project is in an area highly prospective for gold and is approximately 25km east of Kalgoorlie, the home of the 'Super Pit' mine, the second largest gold mine in Australia, 40km north of Kambalda and 55km east-north-east from Coolgardie.

GLA

Great news BOD keeping to their timelines drilling underway - SP to rise into drill results.

Well BOD

GLA

It’s disappointing to see the SP slide news on Thar VI or gold update needed to offset conversion shares and push the SP North. Simply a waiting game.

I’m still in with a big chunk averaging 0.54 so feeling the pain like most.

Still confident news will come very soon.

GLA

Significant shareholders updated today on website all remain invested none have sold any.
Full support continues.

GLA

Oracle Power PLC - Global power and natural resource project developer - Finds gold and copper at Northern Star's Jundee gold mine in Eastern Goldfields, Western Australia. Five large target zones are now drill ready, tests show indicator elements are mobilising to surface at an atomic level above the target areas.

Jundee returns "highly positive" geochemical sampling results back in June, chief executive Naheed Memon calls the project an "exceptionally exciting prospect for Oracle in one of the most prolific gold producing regions globally".

GLA

The good thing about moving forward is funding is already arranged and available. We don’t need to go cap in hand to anyone. Yes it will be by way of conversion shares but at a much higher SP and dictated by ORCP.

All very positive.

GLA

Firstly Northern Zone , now Jundee East gold indicators everywhere.

Looking like a serious gold play.

GLA

The Jundee East project represents a previously unrecognised greenstone belt (Figure 2) proximal to the producing Jundee Gold Mine, which has a current resource of 5.4Moz gold.

GLA

There a several buys not showing in LSE my two were 145k and 865k at 3:29 & 3:32 there was also another buy of 860k plus others.

Despite the conversion shares I expect a rise very soon.

GLA