Coro Energy Share Discussion Threads

[jason90] 07/5/2024 19:58

Thanks Sage, Yes I agree, Michael Carrington comes across as Genuine, Motivated, Professional and Competent.

[jason90] 07/5/2024 13:51

I think you're unquestionably right on that one @nithbank

[nithbank] 07/5/2024 12:40

As long as the director isn't named Tom.

[the sage] 07/5/2024 12:25

A year ago we had James Parsons, Marco Fumagalli, Tom Richardson, Michael Carrington, Stephen Birrell and Naheed Memon. James we know about, Marco was at the meeting but had stood down, Tom is a non-executive director and both Stephen and Naheed stood down as non-executives earlier this year. This just leaves us with Michael Carrington (I sat next to Michael at the meeting, he's a very nice man). Once a CEO is appointed, and the shares are trading again, he or she will no doubt appoint other directors. Who is appointed and when we get to know their area of expertise, we'll know in which direction the company intends to take. After paying off our debts, there should be a large amount of money to invest in any situation the company deems appropriate. GLA.

[pavey ark] 07/5/2024 11:57

Yes this is very important and valuable but the news is lost in all the board drama.
I am still very glad to see it.

The value in these project is massive but makes little difference with all the other things going on.

[jason90] 07/5/2024 10:56

We need a proper Director and CEO who sees the future of Coro at the heart of their interests. There is such a massive opportunity here to capitalise on, if done the right way. Ducks are being lined up, and I think Michael Carrington has had a major part to play in that so far. We need a CEO and Director combination ready to take on the substantial renewables opportunity laid before them in the growing ASEAN sector.

Surely Michael Carrington should be up for a Director's Nomination?

[odillon] 07/5/2024 10:06

Coro Energy PLC, the South East Asian energy company with a natural gas and clean energy portfolio, announces that its application for a Wind Energy Service Contract ("WESC") in respect of a second area of interest for the onshore Oslob Wind Power Project, previously announced by the Company on 11 March 2024, has now been approved by the Philippines Department of Energy.

This WESC is Coro's second contract and neighbours the Company's first project site and would be in respect of an additional installed capacity of circa 100MW. The recently installed and operational 130 metre meteorological mast installed by the Company in the Philippines will also serve this second project in gathering data and determining the wind resource available.

[odillon] 07/5/2024 10:03

Presumably the success of the latest application adds value to the company, which is welcome at a time dealing in the share is suspended.

[odillon] 07/5/2024 08:45

It is encouraging to see some good news the successful application.

[currypasty] 07/5/2024 08:38

anyone on here applying ? 🤣

[10owen] 07/5/2024 08:36

Not sure Blue but let's hope for GSA/sale before then.

[blueblood] 07/5/2024 08:18

How long we expecting new directors to take? Couple of months?

[steelwatch] 03/5/2024 16:25

FWIW, my broker, Jarvis, values suspended stocks, for whatever reason, as zero!

[digger2779] 03/5/2024 16:10

I know it doesn't matter because we are suspended but Interactive Investor shows this as 0.00068 and 0.0016. It makes a difference to me as they use the lower figure to value my portfolio which affects how much my trading limit will be. Probably doing me a favour as my last 2 T trades in other stocks didn't go too well!!

[steelwatch] 03/5/2024 15:01

With the shares currently suspended, it matters not, but:

[jerrys1] 03/5/2024 14:56

Anyone any idea what is happening, LSE showing 0.14p,, company web site 0.14p IG INDEX 0.1350Share price per HL 0.1150 as does ADFNNothing announced

[steelwatch] 29/4/2024 17:05

What I've seen in the past is for new directors to be appointed by the chairman and then come up for re-election at the next AGM. As we don't have a chairman, it may be the sole remaining director will need to appoint himself acting chair first. You could be right about needing an earlier EGM to endorse all new directors once provisionally seated.

[the sage] 29/4/2024 16:27

Hi Jason. I’m not sure to be honest. It might be a desktop procedure insofar as shareholders could vote online. When Naheed was appointed to the board, on 6th March last year, she was an independent non-executive director. I would presume that it would be a different situation for the appointment of a CEO. If a meeting was required, it would be an extraordinary general meeting, (EGM). If an EGM was needed, I would have thought that it would take place before the FID was announced. I would like to see an additional director in place too.
This is new territory for me.

[jason90] 29/4/2024 15:57

Sage, will shareholders have the opportunity of voting any proposed Directors into the business?

[the sage] 29/4/2024 14:29

The GSA refers to the domestic 29.5 percent not the remaining 70.5 percent. But it's a step that has to be taken and it's a step in the right direction.

[rafboy] 29/4/2024 11:50

Good to see GSA still on track for 31 May.

[steelwatch] 29/4/2024 10:20

Conrad's website reinstated, though with security issues according to BitDefender. Also quarterly report out today on ASX:

[barony] 29/4/2024 07:46

The Coro announcement contained “ The Duyung farm down process progressed and additional parties expressed an interest in acquiring a
participating interest in the PSC”