Oracle Power Share Discussion Threads

[bullrun1] 20/2/2020 19:49

What people are forgetting is that andy is simple.. you need to make a few allowances for him.. bit like a baby chimp, if that makes any sense.

[ammu12] 20/2/2020 19:20

Andy you've just made you're self looked extremely stupid there.Maybe read before replying to every comment here

[andymunchkin] 20/2/2020 19:14

yesIt does noOnes denyingTht.

98K dumpd inThe afternoon noWonder pricePlummeted sheikIs notSelling mustBeThe ghost

[jev1] 20/2/2020 19:02

It owns the Mining Licence on the Block, you chump. Nobody else does. Call it a farm out or JV.

[andymunchkin] 20/2/2020 18:42

"So, a 12% interest to ORCP is a small price to pay to facilitate the 73% interest in an enormously lucrative project."
DD Xplained 12%obligation& how orcpWill meetIt soStop talking shiiite jev1

[jev1] 20/2/2020 18:21

Dozyduck

Yet again, your self proclaimed 'expertise' which is merely a series of guesses and as we already know, despite your purported technical insights, you still managed to 'lose a packet' in KIBO (your words), which has left you bitter and twisted and unlikely to recover from it psychologically. Of course, that supposed 'insight' was at your disposal prior to your KIBO investment and your significant financial loss there is a true measure of the merits of that self claimed 'insight'.

Your 'ownership' claims suggesting that ORCP come to the table with nothing or that for them to achieve a 12% interest in the project would cost ORCP extraordinary sums of money is false and 'blind guesswork' at best.

ORCP own the Lease for mining on Block VI for the next 22 years, without which, the project would not exist, a feature which will be most apparent to all other parties involved.

In the RNS's, it states that:

'CNCDC, being the main sponsor' (China National Coal Development Company Limited)

'CNCDCL will be primarily responsible for providing the required technical and commercial support in order to meet the project requirements, as well as arranging all the debt required to develop the Project.

This includes applications for obtaining/granting of contracts and licenses necessary for the for the development, establishment, construction, completion, commissioning, commercial operation and maintenance of the Project.'

ORCP's part in the Project:

Going forward the Private Office and Oracle will be responsible for, amongst other things, securing all the required permits, licenses, governmental and regulatory approvals, whilst also ensuring CNCDCL are introduced to the highest Government stakeholders, Ministries, Government agencies and departments in order to enable the Parties to jointly further advance and develop the Project.


In otherwords, without the relationships forged by ORCP and Ahmed Dalmook Juma Al Maktoum and without the Mining Lease on the Block, owned by ORCP for the next 22 years, the 'money' (those behind it), all of which will be arranged by CDCNC, wouldn't be able to speculate to accumulate at all.

So, a 12% interest to ORCP is a small price to pay to facilitate the 73% interest in an enormously lucrative project.

You trying to 'preach' to others about where and when to invest, when your claim to fame is having 'lost a packet', is a bit rich.

[bullrun1] 20/2/2020 17:40

Read my post from the beginning of the day?? I'm not desperate in any shape or form im afraid.I now have a free carry on OPM happy to hold as long as it takes.. unlike you its not my beer and kebab money for the weekend... now run along boy..

[dozyduck] 20/2/2020 16:57

Dear oh Dear ! Oracle won't 'own' 12% of the project until it pays its share. It has the 'right' to subscribe for that share if it can afford it. Currently looks like a 12% share of the 25% equity will cost Oracle above $50m less the work it has done so far (less than $4m. It will have to spend more on eg feasibility studies - only on the mine so far which is the simplest bit) which will cost shareholders more. If 75% project cost is met via a loan its repayment over (say) 10 years will take away over 50% of the project's net cash flow. Oracle can only hope its bigger partners will agree to pay it some of its 12% of that as a dividend - except that they won't need it themselves and might prefer to keep it in the project in case of problems (like those affecting about half of all other ctp projects). It's only the onward payment of that dividend to its shareholders will justify any share price at all for Oracle - which is the penny that has dropped for all those other coal to power lemmings who have lost their shirts on Kibo, and ditto Infa and GCM and all those other coal to power projects out there. To talk of a $12bn market cap for Oracle is sheer idiocy. The Sheik is there for a foothold will help him to other much more lucrative investments than a power station and not only does he not need to dilute himself to raise his project cost share, he can wait far longer than any lemming for ast least the five years before any thought of a dividend flows through to Oracle. |But, then, a sap, by definition, doesn't have the nous to realise he's a sap.)

[bullrun1] 20/2/2020 16:48

He has a pet weasel that he talks too..

[bmwman3] 20/2/2020 16:19

Like you've got mates ffs

[andymunchkin] 20/2/2020 16:16

ramprs shallBe shaftd butThey cantRun ,uLiterally cantSellA decent amount

[iamgreat1] 20/2/2020 16:13

No it was a sell and they continue to sell Pow pow pow

[bullrun1] 20/2/2020 16:10

10mil buy, dropped it to fill the order cheeky mms.

[andymunchkin] 20/2/2020 16:09

tisWill beShorted ToDeath buyersBehindThe scenes uDontKnow them watch wotHapenned @ ncyt mcRotten fish

[costax1654x] 20/2/2020 16:09

Looks like a 400-600 mil Placing at 0.8 forward sold?time will tell!

[iamgreat1] 20/2/2020 16:08

Was a sellWas my mates

[billthebank] 20/2/2020 16:01

It isnt bad They do own 12% of the project so daffy duck is not correct.IMO Dont invest what you cant afford to lose but really this is as low as you are going to get here with the infirmation so far released. Cracking opportiunity IMO!!

[justincase999] 20/2/2020 16:01

hxxps://www.proactiveinvestors.com/companies/news/221310/oracle-power-agrees-development-agreement-for-thar-power-project-221310.html