Oracle Coalfields - Company Snapshot. Major developments in 2012, mining licence issued

 

 

Oracle Coalfields	Snapshot 23rd July 2012
Major developments in 2012, mining licence issued	Key data Price 3.00p 52 week high/low 2.84p/9.38p Primary exchange AIM EPIC ORCP Shares in issue 214.21m Market Cap £6.43m Sector Mining       Valuation   Net Cash* £1.60m NAV* / Share 1.98p TNAV* / Shares 0.48p * As at 31st December 2011     Affiliations: None  Important: All disclaimer information can be found on the last page of the document
Oracle Coalfields is an AIM-listed mining and exploration company with significant coal resources in Sindh Province, Pakistan. Major Developments - This year Oracle has completed a Technical Feasibility Study, received a full mining lease over its coalfield, and confirmed proven coal reserves of 113Mwt. Potential Purchasers - The company has signed a Joint Development Agreement with Karachi Electric Supply Company and established Memorandums of Understanding with a major Pakistan cement producer for the potential supply of coal. Oracle could see mining commence as early as 2014. Click to download Full Report
Table: Financial overview Year to 31st Dec 2008A 2009A 2010A 2011A Revenue (£) 0 0 0 0 EBITDA* (£) (228,944) (236,046) (222,674) (660,156) PBT (£) (452,018) (235,230) (221,586) (948,092) EPS (p) (0.41) (0.20) (0.15) (0.46) Source: GECR and Company. Notes: * Excluding exceptional costs

 

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