Corcel Share Discussion Threads

[space_dust] 10/8/2020 12:34

Recent placing was at a premium and a gaggle of warrants priced at 1.6p, a 68% premium to the then market price.

Hard to believe the market cap here is only £1.95m based on 1p a share.

Coiled spring comes to mind, could easily be trading at 3p or 4p given the exciting sector they are in.

#nickel #batterymetals

[broken_arrow1] 10/8/2020 12:25

For info, largish premium being asked for just £5k of stock.

Looks like it is about to move, chart forming a uptrend pattern also.

Usually insiders have some clue as to what is happening, filters back to market participants hence hard to buy in size.

[bambos22] 10/8/2020 11:56

11% up.. just the beginning of a re-rate..James Parsons to become more active.. News rich period

[kemche] 10/8/2020 11:47

PhD student scoping soil samples.

"while seeking drill targets for the 2021 campaign. "

pmsl!

Where the bamba has ALL the money gone????

Whoosh!

CZN flying - any connection?

[the_debt_collector] 10/8/2020 10:09

Thought it wouldn't be long before the bashers arrived, hopeless the lot of them, they buy stock at the top of the market and lose everything. Bitter and twisted then try to stop folk buying at the bottom when the shares are about to move strongly ahead.

What happens if Corcel finance projects via loans from their major shareholder, how will they close that short position.

It could get VERY interesting here soon enough, this was above 3p in January.

[helpfull] 10/8/2020 09:58

Strange how a RNS about a university student driving up and down a highway and stopping to take soil samples is now the main thrust of Regency or Corcel. Is that what exploration has come to? How desperate for news in an effort to reel in mug punters has the company become? Has Papua New Guinea been removed from the map or renamed? What is Southport called now? Even the good doctor never put Corcel or Regency on his list of pump and dump this week. And that list is long. So long. No news from WoWo from the yoyo. For Parsons that means another knockback. And is that significant shareholder selling down their holding without informing Parsons as at AST? There has been a daily drip of 1,000,000 shares being sold at RGM, or is that Crcl?

[broken_arrow1] 10/8/2020 09:12

Looks cheap

[observer007] 10/8/2020 08:27

Good to see a new thread, I think most trading platforms have now accommodated the name change also.

We are entering a news rich period and I believe a material re-rate is not far away, the ordinary capital is tightly held which will help the cause no doubt.

Market value is only £1.9m

[the_debt_collector] 10/8/2020 08:14

A new thread for a progressive and undervalued company.

[the_debt_collector] 10/8/2020 08:11

Corcel operates at the intersection of battery metals and their end use cases in energy storage and the electric vehicle revolution.

Corcel manages a balanced portfolio of mineral exploration projects coupled with UK based energy generation and storage.



OPERATIONS & INVESTMENTS

Operating across multiple jurisdictions and commodities - Corcel offers investors exposure to one of the most important trends driving the world today, the growth of renewables and the decarbonisation of the global economy.


Shares in issue (August 2020) 189,910,596






!YOUTUBEVIDEO:_mrBUVmMHCc:

[bambos22] 07/8/2020 14:43

Wrong board helpfulCity Spivs please post elsewhere .. Running scared

[helpfull] 07/8/2020 13:17

Welcome to Corcel all RGM shareholderz. A new dawn. Or is it? Might be worth taking another look at Ascent Resources where Parsons has his feet under the table. Yesterday, the third cash raise in 4 months. Sound familiar? These multi-cash raises don't appear to help. The market capitalisation of AST is less than the amount of cash raised. Where has all the money gone? Sound familiar? Or great importance is the quality of people Parsons is willing to deal with. Novum Securities. Joint broker. Look up their history. Charles Brooke- Partridge a Novum director, and his recent in and out trades at NUOG along with others, where Novum is the broker. Note the NUOG link to Parsons C4 Energy and Dennan of AST. More worrying is the money raised from Align Research Ltd. Previous company name SPREAD YOUR OPTIONS LIMITED and OPTIONS TRADER LTD and SPREADBET COMPLAINTS LTD and SPREAD BETS COMPLAINTS LIMITED according to companies house. I wonder where Parsons got the idea to change the RGM name? Parsons is finding it ever harder to raise cash. The type of people he is dealing with is finally coming to the surface. AST shareholders are going to be the playthings of these people. Expect similar here. Is a significant shareholder selling down here as at AST? I think so. New name same old same old. Be careful.

[volsung] 07/8/2020 12:31

Caracals ate a type of cat

[5310carraroe] 14/4/2014 19:32

Brilliant news today. Have to admit I was not expecting an offer of €5.50. Will sell out tomorrow

[valhamos] 14/4/2014 14:23

Always a strong possibility after the unconvincing Transglobe deal - happy to take a quick profit.

[dukedosh] 14/4/2014 13:43

Thanks to you too, Marvelman. Best of luck for the future.

[marvelman] 14/4/2014 13:18

Ditto Duke...have done exactly the same @5.41. Thought it was an ADVFN glitch. Been a hairy ride but patience has had its day. See you on another board and thanks for your input over the months.

[dukedosh] 14/4/2014 13:08

Wow! Glencore X are buying us for 550p per share. Great news. I'm not sticking around for 9p and I've just sold the lot at 543p and 541p.

[dukedosh] 24/3/2014 14:56

Me too marvelman, my average is 427p. Although I reduced my holding at 395p after the merger announcement, I'm still nursing quite a big loss on my remaining shares.

I am sure that without this TGL merger nonsense, the share price would be flying on the back of today's news!

Wonder if we'll still get our results on Thursday as RBC have stopped mentioning any thing about CRCL as they are in blackout period too.

[marvelman] 24/3/2014 14:46

Thanks Duke, I only wish the market was as positive. This "merger" is still a running sore with some investors and it has hit my investment pretty badly since I innitially bought at circa £4.50.

[dukedosh] 24/3/2014 14:41

Broker note courtesy of Tigris72poo from iv:

CRCL (BUY, 770p tgt) – Positive – 1st export cargo lifting completed – 950,000 bbls gross, 560,000 net to CRCL. At current Brent pricing, and given full cost recovery we estimate a Caracal take of ca. $77.40/bbl => $43.4MM cash receipt net to CRCL on 30 days basis. Badila production: 14,100 avg for March, 40,000 bfpd production facility on schedule for 3Q14 installation/commissioning. Valn: On EV/DACF, trades on 3.5x 2014E DACF, 1.8x 2015E (3.4x & 2.0x as newco); NAV: 1P NAV: 298p/sh (312p/sh newco) – 10% downside, 'core' 2P NAV: 613p/sh (572p/sh newco) – 65% upside; risked NAV: 771p/sh.

David Dudlyke, MBA | Vice President, Senior Research Analyst

DUNDEE CAPITAL MARKETS

[dukedosh] 24/3/2014 09:33

* Good news. Refreshing that this was actually on schedule.

Caracal Announces First Sales of Crude Oil from Badila Field

CALGARY, March 24, 2014 /CNW/ - Caracal Energy Inc. ("Caracal" or the "Company
") (LSE:CRCL) today announced that the first shipment of Badila oil for export
sales has been loaded at the Kribi sea terminal offshore Cameroon. Total cargo
size of the lifting was approximately 950,000 barrels of oil, and Caracal's net
entitlement share was 560,000 barrels of oil. Caracal's partner, GlencoreXtrata
plc ("Glencore"), was entitled to the balance of the cargo. Caracal and
Glencore joint lift cargos, and Glencore markets the shipments on behalf of the
partners.

Ceremonies were held in Kribi and Douala to mark this significant event. In
addition to Caracal senior executives, also attending were high ranking
officials from the Republic of Chad, senior executives from Société des
Hydrocarbures du Tchad (SHT), the Chadian national oil company, COTCO, the
operator of the Kribi offshore terminal, and senior representatives of the
Pipeline Committee of Cameroon (CPSP).

Gross production from the Badila field during March has averaged 14,100 barrels
of oil per day (up from 12,000 bopd on 20 January 2014), and Caracal is on
schedule to expand the production processing and shipping facilities during Q3
of 2014.

[marvelman] 23/3/2014 11:54

Caracal Energy builds critical mass as it agrees friendly takeover of TransGlobe Energy to create US$1.8 billion Africa-focused oil producer

19 Mar 2014 by Our Oilbarrel Staff


In what was billed as a merger but was in reality a takeover, London-listed Caracal Energy, newly buoyed by its ramp in oil production from its oilfields in Chad, announced a combination with Calgary's TransGlobe Energy to create an independent Africa-focused oil producer with a combined market cap of around US$1.8 billion.

There are few natural synergies between the two companies, with Caracal focused on its recently onstream oilfields in Chad and TransGlobe a long-term producer in Egypt and Yemen.

Together the companies have production of over 25,000 barrels per day, expected to rise to 31-34,000 bpd over this year, and 2P reserves of 135 million barrels. There is plenty of scope to add to this tally, with Caracal aiming to drill up to 42 high impact exploration wells on its acreage in Chad by 2016, targeting 70 per cent of its 833 million barrel gross risked mean prospective resource. The TransGlobe portfolio includes low risk step-out exploration targets in Egypt's Eastern Desert, although investor appetite for that country has waned in the face of ongoing political turmoil. Indeed, TransGlobe boss Ross Clarkson noted that an important aspect of the deal was "increased country diversification".

Both companies agree that the deal will bring the critical mass that is important in the current market, providing a platform for future organic and acquisition growth in Africa. Gary Guidry, CEO of Caracal, which used to be called Griffiths Energy ahead of its IPO in London last year, said the "enhanced scale will expedite production growth and increase cash flow".

The all-paper agreement values TransGlobe stock at C$9.32, an 11 percent premium to its closing price on March 14. Caracal shareholders will hold two-thirds of the combined entity, which will retain the name Caracal and be headed by Guidry. Board members will include Robert Hodgins as independent non-executive chairman with independent directors including well known names Carol Bell and John Bentley. Two directors from TransGlobe, Ross Clarkson and Lloyd Herrick, will join the Caracal Board.

It's fair to say Caracal knows the workings of the TransGlobe portfolio: Guidry, who recused himself from the process of considering the arrangement, was a director of TransGlobe from October 2009 until last week. The agreement carries a break-fee of US$9.25 million.

Analysts at FirstEnergy Capital Corp said the deal is "compelling," but noted it wouldn't result in "significant" cost savings nor preclude the need to raise additional financing further down the line. Shares in Caracal tumbled on the news, and by Tuesday afternoon had lost 15 per cent since the news was announced on Monday to trade at 350 pence per share in London. Shares in TransGlobe ticked lower on the news and on Tuesday were trading at C$8.09 per share.

[valhamos] 19/3/2014 08:47

Caracal has not made a convincing business case for the merger. The consequence is that it:

- seriously undermines the credibility of the directors
- smacks of empire building at the expense of shareholders
- undermines the confidence in the potential of the concessions in Chad (else why give a third of it away in return for a company with low exploration potential?)