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1) if funding does get signed off, how does that translate into mcap/value to orcp?
2) if funding is signed off, what are the next steps/milestones?
I think theres a third question... What needs to happen before funding, my take on it is that we need:
A further feasibility study to ensure the new coal to liquids and urea project is viable and what the costs involved would be.
An agreement to be reached between, us, sheikh and china coal regarding what % of the project each partner will have. This will determine the % of costs and then the % of profit that each partner is liable for/in receipt of.
The establishment of an SPV, equity of which will be set according to the above. This would be the entity that seeks funding having the feasibility study to show projected costs and future cash generation from the project.
It is not as simple as some were led to believe 6 or so weeks back.
I would expect the above will take at least 3 months, given the plans were announced end of November I'd suggest we will get some news towards the end of the month or in March. It may or may not be funding news but I would suspect at least confirmation of the steps to getting funding and how much progress has been made with them.
I may be totally wrong but my own research has led me to this conclusion. If the company are busy agreeing the above it would explain the silence, there is lots to be done. The fact the sheikh has agreed to hold his shares here for 12 months could be seen as a sign that things are progressing well.
Be good to hear what others think?
Thanks make money.
Ive just noticed someone on Twitter said that the CPEC website is back up and says ORCP - Feasibility study 15% completed.
No worries, thats the same info on cpec as before, nothing has changed.
makemore money....
Thats your assessment...and fair play to you....you have come to these conclusions after doing your own research...which is good to see...like many you havent invested blindly....
You make some good points....whether you are on the ball 100% or not is anyones guess.....but i would say you are going in the right direction.....
For me new partners have complicated things somewhat....that dont mean to say they have delayed anything....if anything from my own research previous partners were holding us back.....these new partners were bought in so we could move on quicker.
Funding is not an issue for me...that is good as given...money is there.....even if in worst case they have to do a placing ( which i doubt they will, if they do i dont have any problems with that ).
Feasibility study.....well we have two projects now...power plant / coal to fertilizer/diesel.....so it all depends how they play this.....are we going to run two projects side by side.....or one after another....dont forget most work has already been completed on power project side...so i am expecting news on that front first..another thing one should not forget...is the fact ...CHINA COAL under cpec will take care of feasibility studies....and they wont hang around..
Coronavirus.....well i think this has played a slight part in delays but not much..
Projects under cpec are moving at a rapid pace so i dont see why we couldnt meet the deadline of JUNE 2023 - to Early 2024 for COD ( commercial operation date )...we know chinese move fast once heads up are given...just need the GREEN LIGHT to be shown...with HH sheikh on board it will come lot quicker than many think imo...
For me atleast i have no concerns on the projects themselves / funds / feasibility etc etc....and i certainly dont care on day to day shareprice...especially knowing there are too many traders about...if i had any slight concerns then i would say them concerns would be political ones....remember we are based in sindh which is in the control of the opposition...this is the only stumbling block i can see...too much internal politics....having said this...whats good to see is this...
https://www.youtube.com/watch?v=2Ops2PTOIds Asad Umar ..EX CEO of ENGRO ...he has been there seen it all at THAR COAL...now he is one of the main guys who is running the show for federal government ... he is in Ministry of Planning Development & Reform...he is imran khans one of most trusted guys...i think him being on board is a great asset we have..
ORCP is not everyones cup of tea especially traders atm..and i am not a trader...hence i have cut down on my posting....YES like all others i would like +ve rns tomorrow but i wouldnt be losing any sleep over it if it wasnt to show up.
Rather than what the shareprice is going to be tomorrow.....i am more interested in what the shareprice is going to be in say 12-18 months time.
GL
Lol, i made 200% in EUA, 100% in TRP, 500% on GGP, im pretty confident theres 400% to be had here near term.
£12k of that today was mine, holding 2.6m now
Majorboy have you posted on the wrong board? If you haven’t and are suggesting that the financing deal won’t multi bag this SP you are a intentionally misleading.
GLA invested.