Boring Bernie
08 Jun 2017
Today's Update Well, it's slowly coming together now and certainly looks like things are moving in the right direction.I must admit, although understanding how loan finance is going to work is straightforward enough, it's tough to work out how the asset level equity being talked about is going to effect us as ordinary shareholders.It'll eventually come down to how much cash is skimmed off by the holders of the asset level equity, but I'm struggling to value shareholder equity here.
Boring Bernie
12 May 2017
Results I'm not sure if anyone on this board is still following what's happening, but here's my thoughts anyway. The results were a bit short and sweet, with nothing much that we didn't know already. However, the important things for me were "In 2017 Oracle will concentrate on formalising agreements and contracts to bring the project to full implementation along with working to secure all project financing arrangements, including its future project equity funding share."and "Oracle is looking into diversifying its portfolio of activity and we are seeking wider opportunities in Pakistan and internationally."As shareholders, in the short to medium term. the former is probably the most important thing, because the appetite for fund raising will, for better or worse affect the sp from it's current position ( ~ 2.75p ).Longer term, the latter will be quite interesting. i wonder what they've got their eye on next ?
Tempestas
13 Sep 2016
Re: Interesting price action Hey Bernie. Gut instinct I think at the moment. It came from the plus market didn't it at 10p+ many moons ago.Do not see why that price cannot be reached in the future.
First Time Buyer
22 Aug 2016
Re: Interesting price action I like this though quietly climbing.
Tempestas
22 Aug 2016
Re: Interesting price action Good trades recently.A 1 million delayed buy Friday after hours.
Boring Bernie
17 Jun 2016
Re: Interesting price action Kind of, but, from the last Annual report"The Group will need to raise funds to reach financial close. Also, financial close involves the raising of finance, both debt and equity for the opening up of the mine and the construction of the power plant ..."The RNS from the 3rd June talking about a Framework Agreement being in place for the Chinese to take an equity share in our subsidaries might have changed that, but it's getting complicated now, and I'm no expert, so I guess we have to wait and see what the "further announcement" from that RNS brings us.
TB26
17 Jun 2016
Re: Interesting price action Isn't that what the 30:70 equity split is to achieve, hence using 30% of the total figure as ORCP's cut.....
TB26
17 Jun 2016
Re: Interesting price action Surprised to see this news has not had a bigger reaction as it spells out the profit ORCP is expected to make.Unless my maths is wrong, £10m profit a year (being 20% profit allowed on 30% of the 4m tons of coal) when the market cap is £28m (according to iii.co.uk's info) is not bad. I guess the big price rise will come as production starts.....
forwardloop
07 Jun 2016
info [link]
Fred Prior
06 Jun 2016
Re: Interesting price action no smoke without fire as the saying goes.....Will be interesting to see how much has been parted with for a lions share of the $1.5B project, could be massive compared to the current MC.I expect a huge re rating soon, as when we have cash in bank it should more than reflect on the SP.Fingers crossed.
Boring Bernie
03 Jun 2016
Re: Interesting price action From the RNS"Oracle is pleased to announce that it has signed a Shareholder Framework Agreement subject to conditions precedent, whereby a consortium of new and existing Chinese partners will take 70% equity in its subsidiaries in Pakistan in order to advance the development of the project. A further announcement will be made in due course."Getting closer to a commercial reality here. Very tough to call in terms of the sp for us PI's, but it seems to be coming together.
Tempestas
03 Jun 2016
Re: Added again Nice bigger trades been happening all morning. Much better volume than normal.
Fred Prior
03 Jun 2016
Added again volume suggesting news soon.Good luck, although it appears this one is under the radar at present-
Tempestas
03 Jun 2016
Re: Interesting price action Good trading today. 3p + being paid.Good volume. Looking promising.
Fred Prior
03 Jun 2016
Interesting price action here today, I wonder if someone has muscled in on Oracle to buy a piece of the action before the price heads North? News overdue, watch this space.
