Latest Views & News

Oracle Power’s Sheikh on the Make comes in handy again – yet another spoof & bailout placing

By Tom Winnifrith, the Sheriff of AIM | Friday 1 April 2022


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.


It is now two years since His Highness, Sheikh Ahmed Dalmook Al Maktoum, clambered aboard the jam-tomorrow joke that is Oracle Power (ORCP). News of the Sheikh’s involvement saw its shares surge to 1.25p. Last December, he exercised 200 million warrants, meaning he now owns 500 million shares, for which he paid 0.25p each. But Oracle’s share price has flagged a bit of late, as investors have grown mightily tired of its jam-tomorrow coal and gold projects.

Premium content is for paid subscribers only
ShareProphets is reader-supported journalism

Become a member starting at £5.99 per month for all articles, the Bearcast, and our seven year archive.


Filed under:



Subscribe to our newsletter

Daily digest of our latest stories.



Search ShareProphets

Market News

Complete Coverage

Recent Comments

That Was the Week that Was

Tuesday »

SNX

Synectics – a recovery Buy?

 

GetAFix

Malcolm Stacey is Moving House

Monday »

WG

Wood Group - a Buy (again)?

 

Bear

Video: Bubbles always implode