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Oracle Coalfields hails‘game changing year’

By Robert Tyerman | Sunday 3 May 2015

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 Oracle Coalfields (ORCP) have been bouncing strongly as the AIM-quoted company puts significant problems behind it and gears up to take its ambitious $1.3 billion (£803 million) lignite mining and power supply project in south-eastern Pakistan’s Sindh Province to development during 2016. Entrepreneurial chief executive Shahrukh Khan, an experienced project financier, declares ‘this year could be the game changer’.

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