Share Talk Ltd

Oracle Power (AIM:ORCP) Shareholder Q&A Q1 2024 - Zaks Traders Cafe

Informações:

Sinopsis

Zak Mir talks to Naheed Memon, CEO of Oracle Power, as she answers the latest questions from shareholders of the project development company. Here’s a summary of the discussion: Financial Status and Fundraising: The company is actively developing multiple projects with different timelines and needs. Although funding is controlled and economically managed, future fundraising is likely as developmental needs arise. Projects in Pakistan: Oracle Power is deeply involved in discussions with local investors, the Pakistani government, and Chinese state-owned enterprises (like Power China) about developments in Pakistan. Despite the lack of frequent updates from Oracle, the company remains actively engaged in significant partnerships and dialogues in the region. Realizing Shareholder Value: The potential value from projects is expected to translate into significant market value. Oracle Power aims to divest interests at advantageous stages of project development, specifically noting a potential 20% stak