Stock data
| Market cap. | £12.9m |
| Last close | 6.00p |
| High / Low (52 weeks) | 15.0p / 5.9p |
| Stock market listing | AIM |
| Forecast net cash (£m) | 6 |
| Forecast gearing ratio (%) | N/A |
| Team | Resources - Mining |
| Sector | Mining |
Price performance
| % | 1m | 3m | 12m |
|---|---|---|---|
| Actual | 2.13 | (18.64) | (36.71) |
| Relative * | (2.73) | (24.05) | (34.67) |
* % Relative to local index
Other companies covered in sector
| Y/E Dec | Revenue (£m) | EBITDA (£m) | PBT (£m) | EPS (p) | P/E (x) | P/CF (x) |
|---|---|---|---|---|---|---|
| 2009A | 0.0 | (0.2) | (0.2) | (0.2) | N/A | N/A |
| 2010A | 0.0 | (0.2) | (0.2) | (0.2) | N/A | N/A |
| 2011E | 0.0 | (0.4) | (0.4) | (0.2) | N/A | N/A |
| 2012E | N/A | N/A | N/A | N/A | N/A | N/A |
Last updated on 30/11/2011
Latest research
Advancing feasibility
Update | Mining | 08/07/2011
Goal in sight
Update | Mining | 27/09/2010
Deal with Lucky Cement
Update | Mining | 11/01/2010
Signs MoU with Karachi Electric Supply Company
Update | Mining | 17/12/2009
De-risking Block VI
Update | Mining | 06/07/2009
Striding ahead
Outlook | Mining | 19/02/2009
Investment summary
Oracle Coalfields is working with SRK Consulting to finalise the definitive feasibility study. More than 6,000m of drilling was carried out at Block VI between August 2010 and January 2011, in a collaborative effort between local drilling contractors and a group of independent international consultants. The company has also negotiated MoUs with both Karachi Electric Supply Company and Lucky Cement, working towards off-take agreements before starting production at Block VI. Oracle has a JORC resource of 1.4bn tonnes and proven reserves of 371m tonnes. Oracle Coalfields aims to start production in 2013.
Last updated on 09/12/2011
Industry outlook
The Pakistan government continues to support the development of the Thar coalfield as part of its strategy to meet growing domestic demand for low-cost energy via the replacement of oil and gas with coal energy.
Last updated on 09/12/2011
Key management
| Shahrukh Khan, Chairman & CEO |
Company address
| Richmond House Broad Street Ely Cambridgeshire CB7 4AH United Kingdom +44 (0) 136 650 0722 View website |
