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What good is it for them or us for them to sit on their hands idle doing nothing? They’ve still got the annual license fees to pay, it’s pocket
Well according to Brad, resolve with Anza shouldn’t be too far away. Which should lead to Orosur team leading the exploration, with with Agnico funding or majors departing and funding from alternative avenues, which have already been discussed / sorted.
This is only minor exploration, what’s a two geologists with a hand drill going to cost realistically? I’d rather see this update than nothing. With him saying exploration at the two other projects on the back burner until Anza sorted, let’s hope we see a resolve soonish before the exploration is ramped up in Brazil. Argentina results shouldn’t be too far away now either from my convo with Brad. I hope he’s filling the time gaps with these two RNSs in the run up to Anza resolve. Which in Theory should hopefully be by the end of next week or end of month at the very latest.
Decent RNS to be honest. Obviously not a huge financial burden, majority carried out with a handheld drill. Mention of lithium also. Suppose better than nothing at this current time.
Https://www.reuters.com/business/energy/saudi-neom-green-hydrogen-co-closes-deals-84-bln-green-hydrogen-plant-2023-05-22/
Recent one for the Saudis, investment for 600 tonne per day at $8.4b. Seems to tie in with our predicted $2b for 150 tonne a day. Wonder if the sheikh has any involvement there? He’ll definitely have a close eye on it.
No offence taken sir, don’t worry about it. As I say we are all on the same side. Whether the Orosur board are also is debatable. Time will tell. Have a nice weekend.
Yeah but he’s also not going to risk potential market sensitive information via a email which could get him in trouble? End of the day we’re all in the same boat, I’ve got to at least half believe what he says otherwise I may aswell bail now. And that would be at a very heavy loss. Next month let’s hope we get something.
I meant he’s adamant the majors arnt going to sit idle 12 months not the Orosur team. Hes put Argentina and Brazil on the back burner until this is sorted, thank god. I think there’s two Orosur geologists in Brazil currently just scoping it out. Argentina field work results they should now have and will come after Anza update.
I don’t think the 2m has him over a barrell, he was also adamant they arnt going to just sit idle for the next 12 months and I’m sure he said there’s a clause preventing that. I’ll refer to my notes when I get back home.
Obviously via email he’s zero chance of saying anything of value as it’s all recorded there in print. Though about a month before release of the assay from Agnico drilling in the wrong direction he did say in an email he thought they were going the wrong direction, wish I had took heed then and sold as the inevitable drop came. I spoken to him a couple times and usually he replies to my emails. Not sure why they took the £2m, knowing they were still indecisive maybe Orosur team thought they were still playing hardball for the change of terms of the JV… I genuinely hope they walk and I got the total feeling Brad wanted that aswell. Being restricted from releasing results by the majors, keeping back fieldwork, amongst other things what good is that for us. If by 10th of July we’ve had no update I’ll be emailing Brad, until then I’ll leave him be as he’s hopefully getting plans in action.
Why would I being doing Brad's job, in reality I could probably do it better than he has. I was actually here before he was. All i've got currently is what he's told me, anything else is guess work. Is everything he's said honest? Time will tell. Not sure why everyone just goes straight on these boards to relate to what is actually happening. Have any of you even bothered contacting him? I've been in on off contact with Brad throughout my investment via email and spoke to him several times. Have any of you, bar Bhargav? Have you Jackbal? Probaly never even considered emailing him, yet quick to accuse / call me out for merely sharing the information he said. Like i said if nothing by the back end of July then what he told me is bull.
He actually said he thought it'd be a month max before resolve, not sure why i wrote it like that. If not, then they'd look at different avenue's IE legalities. Also I may add, the care and maintenance RNS was decided by Orosur team, the majors did not want this putting out. This was put out as they felt the majors were just dragging there feet so felt it would push them to a decision and also let shareholders know they were dragging there feet.
Not sure what news we’ll get though. Only taking Brads word for it and there’s not many people left who’d want to take his word for anything from past timescales and events. He owes us shareholders a lot, wether he repays us is another story. Ideally it goes back to Orosur running the show with or without the majors backing, hit Pepas and get some good results out and bring to resource.
There was a 168k buy Wednesday also. Maybe some brave soul accumulating. From my conversation with Brad he said he’d like to hope there’d be resolve within a month, from the day of the convo that says by about 10th July. Obviously a month is a rough estimate, hopefully by the middle-end of next month we’ll get an update. Meanwhile back at the ranch, Collective Mining put out yet another nice one, 793m @ 1.71g/t AU equiv.
GH took front seat now for obvious reasons… Thar hopefully will come after, by launching the Green Hydrogen project Oracle will be able to offset the negative impact the coal to power would have on the environment.
Added 480k today, can't believe how cheap this currently is. My average is 0.15, almost double today's price. I've no concerns we'll get well above that quite soon. 'Should not be long before Oracle benefit from potential transactions with one or more energy or fuel companies' Sounds like they'll be more than one deal coming soon.'The Company remains committed to increasing shareholder value and to becoming a company of recognizable size and repute.' Say no more. Lets hope they deliver for us patient shareholders.
From todays RNS
‘ The development of the green hydrogen project has advanced rapidly and it should not be long before the project acheives bankability and Oracle can benefit from potential transactions with one or more energy or fuel companies.’
The fact that Naheeds got well over 100m shares, yes she’s getting a wage, but she’s not going to dilute herself to death. 3.odd million market cap… Daft.
You called it LW, wise investor. I’m sat on a decent holding here, I think the gains will far out weigh any current paper losses. Good luck to all.
Expected dilution, hopefully ties us over until some concrete news.