Oracle Power Share Discussion Threads

[tenapen] 02/11/2017 18:46

lurker5
31 Oct '17 - 17:49 - 3407 of 3408 0 0
Sharukh may well have been trousering too much. But so what !


-------------------

Today is your answer as the share price falls ..... 'trust'

The deal was better than i thought they would get as the Chinese are no fools in business ! Seeing that Oracle had no plan B and come to think of it, for the last ten years they have not had a plan A, I would have expected them to squeeze tighter.

Trust; the selling today tells us the long suffering share holders have no 'trust' that Khan and the rest of the bod will raise new money's on the promise of the next venture, only to see the bod still 'trouser too much' as they take many years to find the next investment and the shareholder get diluted to zero.

But so what !.

[tez123] 01/11/2017 07:44

UPDATE ON MEMORANDUM OF UNDERSTANDING AND SIGNING OF CONSORTIUM AGREEMENT ·     Memorandum of Understanding, currently agreed in-principle, ("MOU") expected to be signed in November 2017·     Consortium Agreement ("CA") signed·     Oracle to retain 12.1 per cent equity stake in flagship Block VI Project·     Sichuan Provincial Investment Group Co. Limited to take 78 per cent Equity Interest at the project level·     PowerChina International Group Limited to take 9.9 per cent Equity Interest at the project level·     The gross cost of the project has been previously announced as being approximately US$1.6 billion.  The MOU anticipates a debt: equity ratio of 75:25  

[lurker5] 31/10/2017 17:49

tenapen I've also been following ORCP since float. I've never rated Mr Conrad. He's disappeared from the market I think, along with what could always be foreseen were his flimsy duds and his infant judgement. But he was wheeled aboard when Thar was only a gleam, and solid brokers weren't interested whereas they are now. You have to realise these projects take immense time to plan and develop - through all sorts of fluctuations in politics and market conditions. Its why the shares never get near to recognising full potential value. But more recently I think it IS the waxing and waning of Chinese promises to fund, that is the problem. Kibo and NCCL have never admitted it, but it seems it is withdrawal (or rather non-confirmation) of promised Chines funding (due government restrictions imposed early this year) which have caused delays for them. Whether Thar is in a better position I don't know. But it doesn't seem sensible for long term watchers to walk away now. Sharukh may well have been trousering too much. But so what !

[tenapen] 30/10/2017 19:18

lurker5, With all due respect you should take some time to read past RNS's and the posts on the many orcp threads.

ORCP launch on OFEX in 2005/6 with S Khan and Conrad Windham as joint founders with the backing of Bruce Rowan. C Windham did not stay long but we have never seen a RNS saying he as sold down his shares so he must still have a interest ! ORCP came to the market with a licence to mine Indus East but befor that could start they got the licence for Thar. The Chinese had already drilled Thar and all Khan had to do was fill in the gaps of the Chinese results and get the JORC. This was pre 2007 / 08 crash and rather than go head strong for a deal, Khan started his tinkering or deliberatly delaying the project IMO. They had all of the information for a deal but Khan decided to commision Dargo (!) to see what extra coal could be extracted if they had a steeper slope to the open cast mine. On this news C Windham stopped posting his thoughts here. Not long after, the crash happened and we were goosed, but not Khan and the rest of the bod all 7 of them they kept getting paid and even gave thenselfs a payrise or three. Ever since then Nothing as happened apart from Fund raisings and bod payrises. What grinds most with the payrises is that Khan and the others are so hopeless they have to pay third parties to raise Chinese money and giving seats on the board to people who can do their jobs better than them. I said many years ago that Khan was out of his dept with Thar so he should own up and leave, rather than take out c £550 a day in wages, week in week out. I could go on but you would be better reading back yourself.

Regards

[tenapen] 28/10/2017 18:36

Other (please specify)(iii) : sold shares for Generali Ambition X

----

The big guns are starting to sell !

Well they did expect the deal to be complete in the month of October and with only two working days remaining it looks like another date is missed !.






MOU terms are being finalised and it is anticipated that the MOU will be formally signed during October 2017

[tenapen] 27/9/2017 08:26

£1,000,000 to cover wages untill / if the financial deal get signed off.

Nice work if you can get it

[tenapen] 25/9/2017 17:30

Hi backmarker, A well timed exit :-)

It isn't intriguing, its called grasping as straws.

After a year of paying a third party Chinese company to find someone to invest, that failed, so they started giving seats on the bod in return for contacts. That certainly asn't worked so now this. They do not reply to my emails but if someone would contact Khan and ask him if he and the other clowns on the board have considered forgoing their wages until funding as been found !. It is plain to see they don't do anything for the money they get, so do the right thing and get paid for what you do .... NOTHING.

Khan.... circa £550 in wages per day ... for what !

[backmarker] 25/9/2017 13:29

but ----- the loan is unsecured.

so the most Brandon could do if ORCP cannot pay is sue, possibly leading to bankruptcy. as a large shareholder in ORCP is that what Brandon would want, unless it can acquire total assets of ORCP on the cheap.

ORCP hasn't indicated how the loan can be repaid. obviously it can go to a bucket shop and raise the funds. or maybe it thinks by 12 months it will have secured other funding, or the share price will have risen so a fundraising will be less dilutive.

its all intriguing, but ------- I'm glad I'm out !!!

[targatarga] 25/9/2017 07:30

So - they are basically getting a loan at a high rate with no way of paying it back! Does Khan have an interest in Brandon Hill?

[tenapen] 25/9/2017 07:13

too late ...... game over !




Oracle Power PLC

("Oracle" or the "Company")



£1m Loan Agreement with Substantial Shareholder Brandon Hill Capital Limited

[tenapen] 23/9/2017 14:29

Targatarga,
Do something about it. Send email to the company, come on here and raise points. The board are truly hopeless and a big waste of money. Khan is still pocketing c£550. a day / month in month out / year in year out, he is happy with the way this is going !. Do something about it, Get active.

Khana Out

[targatarga] 20/9/2017 13:12

My thoughts on most of my bottom draw stocks is they'll probably get sold after my death! imho

[tenapen] 10/9/2017 09:02

Thanks backmarker,
At some point they will get some money and the share price will rise and my certificate will be in the post and sold. The End.

:-(

[backmarker] 09/9/2017 11:56

tenapen,

I suspect there is still the chance of this share exploding if things do finally go ahead.

good luck.

[happyholder123] 09/9/2017 10:06

HNR -
TWO wells successfully drilled with abundant oil and gas in samples extracted!
Fracking and FIRST OIL next month!
Don't miss this train!

[tenapen] 08/9/2017 17:59

Business Model
Oracle’s growth strategy for 2016 will be to complete the EPC negotiations for both the mine and the power plant and with Sinosure for the export credit financing so that the project can reach financial close in 2016.

[tenapen] 08/9/2017 17:53

Hi backmarker
I think 2.7p is a good price, Weldone. I am waiting for a spike and my 30k certificate will be cashed in.

Nothing is going to happen any time soon and i say that because nothing as happened in the last Eight years. Its a company that is so far removed from reality it gives AIM a bad name.

Khan as pocketed another £550 for todays ..... work ! so I guess someone is happy with how its going.

Khan .....

[backmarker] 08/9/2017 11:10

tenapen,

you convinced me. it doesn't look like much is going to happen fast - if at all.

so cut my losses and baled out yesterday at 2.7p.

plenty of other opportunities right now that look more likely to move.

[backmarker] 07/9/2017 13:11

still powering up.

[backmarker] 07/9/2017 12:47

back to this board.

the rises during the last few days suggests that there is at least a rumour out there, if not a few persons in receipt of some advance news.

the few trades all appear to be buys, albeit small. nevertheless for this neglected stock that may be regarded as significant.

some news soon ?

maybe khan has appointed another advisor to his ranks.

[tenapen] 31/8/2017 09:22

Hi Backmarker,
I have tried to get the charts up on this thread but they do not load. So we may as well go back to the other thread. I still hold my 30k but after the last two RNS's if they were in my digital account i would haave sold. After paying the Chinese third party to find investment and failed ! they now have to put people on their bod with connections, with hope they can find the money needed. It does not look good. I guess Khan is still taking the circa £550 a day wage and the rest of the bod their wages for failure.

KHAN, your hopless.

[backmarker] 30/8/2017 20:21

hi tenapen.

I thought you might have added a bit more to the header, but I guess the general lack of interest means it's not worth your effort. I'm probably the only one who still has a holding.

might as well go back to the old board, at least it has a couple of graphs.