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Yeah no problem, my initial own (Cynical) worries were that they've acquired it because they've had short comings elsewhere in GH and need something else to progress, but who knows.
It's the financial aspect, not just for the company, but our holdings I'm concerned about. If they pull the trigger on this, it'll take the Shares in circulation to 5.7 Billion, and if we're on the brink of another raise, that number would clearly pass the 7 Billion mark.
Just make sure you all get your own questions in for this Q&A, ask the right questions and see if she gives us what we want to know, and not what we want to hear
Thanks for sharing mate. I'm living in hope that there is a reason Naheed has proceeded with the acquisition of the Blue Rock Valley project. You wouldn't get after it if you knew nothing else was moving ahead.
Unfortunately this pattern bears all the hallmarks of a placing.
Don't get caught out this time!
Yeah no problem. I thanked them for the reply and said I'd rather us work with the CEO, than work against her but it was just Enough for me the other day, The Comms and understanding of our current situation with Green Hydrogen needs addressing and i'l be using the next Q&A to clear this up, and a couple of other factors moving forward
"
You
Dear Mr Griffiths,
Thank you for your email and for sharing your concerns and feedback.
We recognise your frustration with regards to the share price and it is certainly a frustration shared by the board. The Company is a project developer and is focused on mitigating investor risk through a portfolio of assets each with the ability to deliver future value for shareholders. The acquisition of the Blue Rock Valley Project advances this strategy, providing Oracle, and its shareholders, with another opportunity to implement a long-cost exploration programme through which to demonstrate the resource potential of the project, and develop (potentially through JV as with Northern Zone) to guarantee exposure to the asset as it moves through the development curve towards production. This strategy is the core pillar of Oracle’s business, and ensures multiple assets are advanced in parallel to maximise future value and mitigate risk.
Naheed addresses shareholder questions on a regular basis, and we will be conducting another session in the coming weeks, so please do share any specific questions that you would like Naheed to answer.
The Company remains grateful to you for your most valuable support and acknowledges your interest.
Best regards,
Susie"
Hi AG, are you able to share the contents of the response from the company?
LW - I was starting to think the same for while but I'm not sure. All Ground work Surveys now carried out and the majority of steps cleared before the tackle the next FEED stage & Funding parallel to this.
Naheed has talked about a number of steps before the FEED stage for a long time now, and financing. Well as stated in the RNS, that time is now. No more delays or places to hide. The Design stage is the next step so we'll soon see if there's any substance to it. I sent an email to the company on Tuesday and recieved a reply today, more with the frustration of COMMS and not knowing where we stand with the GH project. Time to walk the walk or sink
Shares now available to purchase after almost 24hrs of it being NT below the Ask. Strange.
I doubt the GH project will get over the line even in their lifetime.
That was a joke it’s slightly higher around £5k not my best day at the office.
Will be leaving to grandchildren 5 year plan
GLA
About £2300 thanks for asking.
GLA
Geotech study and Electrical survey completed. All favourable conditions met. Now on to possible financing to start construction.
What’s your £65k in ORCP worth now, Washers?
If you don't think there's a raise imminent you have to answer the how are they paying the wages and hmrc question... Not by issuing more confetti shares
The bid ask spread is 30%, so its likely that the lack of liquidity is what's caused the price to finish up so high.
And after all that it finished up 25% still on virtually no volume - your guess is as good as mine but something seems to be coming...
Very odd, they just don't want the share to rise - maybe there is something that will re-rate the share coming and they just want to pick up as many shares down here as possible before the rise. It didn't take much for it to almost double a couple of weeks ago on nothing.
I just hope Naheed comes out and reassures people soon she knows what's she's doing with this new project when there's so much else that still hasn't got over the line yet...
Can sell in excess of 17m for the same price as 1m but cannot buy a paltry £100 worth. The eternal optimist in me tells me that may be a good sign but that positive trait has cost me dear in the past!
Thanks lordsidcup - good to see all the steps of the process written down like that - makes you realise just how long the process is and goes some way to explaining why it's taking so darn long. Hopefully this nudge will have an affect for all concerned.
This is the Ambassador requesting full support from government to facilitate the power evacuation study
https://www.brecorder.com/news/40298045
Obvious and expected comment. . She has still put £220k of her own money in. She didn’t have to.
GLA
Naheeds taken out £750k in wages etc
Naheed purchased £220k worth of shares in a block buy at 0.45 in January 2021 which is a worse average than mine. (Only just)
Therefore she has plenty of skin in the game.
GLA
If the tenement was so good, why is it only costing £30k and why could they only sell it to a company that has zero cash and zero track record of achieving anything other than failure?
Why on Earth would anyone agree to an all equity deal and take almost a billion shares if there's a chance the SP could be substantially lower when they come to sell - they must be confident/have been assured this isn't going to happen
She's created so much devastation in her wake over the last 4 years that any potential new investors giving even a cursory glance this way would (or should) avoid like the plague.