UK 09:56 Wednesday, 7 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Shares in bombed-out Oracle Coalfields (ORCP) have bounced on confirmation that the company has had its mining lease over a lignite (brown coal) deposit in south-east Pakistan’s Thar coalfield potentially holding more than a billion tonnes reinstated by the government of Sindh Province. Entrepreneurial chief executive Shahrukh Khan says AIM-quoted Oracle, whose shares fell from a 10p float price in 2011 to a recent low of 0.37p before rallying to 0.9p, is now talking to major potential Pakistani and Chinese partners about putting together a $1.3 billion (£840 million) project funding package.
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Comments
J P Spaghetti
“Despite Pakistan’s parlous political and security reputation, Khan claims there is a sincere desire there to revive the economy and to tackle persistent serious power shortages and argues using Chinese companies keeps down costs.”
And there’s always the very significant increase in India’s projected demand over the next couple of decades or so for imported coal of lignite quality (or lack of) despite their huge domestic production. (What – India?! Oh yes!)