Conder Environmental Share Discussion Threads

[sigora] 15/2/2006 14:25

just bought in at .13p t25 settlement hence the higher price.

[andy] 15/2/2006 14:21

EBB,

We shall wait and see!

Pechora Energy is one target, and there are three others.

IF/WHEN they list on AIM, they will need to raise further funds, so if the deal isn't good, they won't be able to raise the capital!

[english bigblls] 15/2/2006 14:02

Ok, but it better be a damn good deal to buy £16M+ worth of value for £1M.

[andy] 15/2/2006 13:55

EBB,

It won't be a cash shell for long!

Once the deal is done, we will know it's value more accurately.

[english bigblls] 15/2/2006 13:44

How much cash does this shell have to support it's £16M market cap?

[andy] 15/2/2006 13:40

MM,

That would be a pure guess, and nobody could claim any hint of accuracy unless they had insider knowledge, so best to wait and see IMO!

[mmorrismikey] 15/2/2006 13:11

Any guess on the share price when the company goes to the AIM?
MM

[gdennett] 15/2/2006 13:10

its on the OFEX site (link above), currently 19.44M

[sranmal] 15/2/2006 13:10

£20M odd

[ariesr] 15/2/2006 13:09

19.44 million

[monkeymagic] 15/2/2006 13:07

anyone know the mkt cap of this co?

[papillon] 15/2/2006 12:49

One can see this hitting 20p in a short space of time.

[deeker] 15/2/2006 12:46

Some nice action here today

[andy] 15/2/2006 09:57

adorling,

Until confirmed by the company, any AIM listing should be considered a proposal IMO.

Concorde listed on the OFEX due to thew restrictions placed upon cash shells listing on the AIM market, so once they have made an aquisition, such as Pechora, if it concludes, they will be in a position to apply to the AIM.

Without any details of the Pechora Energy project, I don't think anyone can begin to give any accurate price predictions.

[adorling] 15/2/2006 09:50

Have purchased 20,000 at 11.75p. Is there definitely going to be an AIM listing in March or is this just a proposal at present? What is the likely effect on price for the Pechora Energy purchase if it is closed? All opinions welcome.

[fromtheblue] 15/2/2006 09:07

Let's not forget that they are looking at several sites as well as Pechora as per the MOU update:-
PROPOSED ACQUISITION

Pechora Energy, a private Russian company, owns the Luzskoye Field situated in
the Timan-Pechora Basin in the north-east of the Russian Federation. The field
has been evaluated by a well known firm of independent oil industry consultant
engineers. The mix of proved, probable and possible reserves matches
Concorde's stated acquisition objectives.

The MOU sets out the indicative terms and conditions upon which the parties are
willing to proceed with the negotiation of binding contracts, and grants
Concorde a period of exclusivity running until 1st March 2006.

The field is currently on seasonable production and is close to existing
infrastructure allowing easy transport of the produced oil.


PETER HUGHES, CONCORDE'S CHIEF EXECUTIVE, COMMENTED:

"TODAY'S ANNOUNCEMENT IS IN LINE WITH THE ROADMAP WE SET OUT AT THE TIME OF OUR
FLOTATION IN SEPTEMBER. WE'VE BEEN VERY IMPRESSED WITH THE QUALITY OF THE
ASSETS WE HAVE SEEN AND ARE DELIGHTED TO HAVE TAKEN A MAJOR STEP TOWARDS OUR
FIRST ACQUISITION BY SECURING THE PERIOD OF EXCLUSIVITY FROM PECHORA ENERGY.
THE INDEPENDENT EVALUATION SUPPORTS OUR VIEW THAT THE ACQUISITION OF THE
LUZSKOYE FIELD COULD IN TIME ADD SIGNIFICANT SHAREHOLDER VALUE. AT THE SAME
TIME, WE ARE EVALUATING THREE FURTHER OIL AND GAS LICENCES IN RUSSIA AND A
FURTHER ANNOUNCEMENT WILL BE MADE IN DUE COURSE IF APPROPRIATE."

[hard work] 15/2/2006 09:01

mmm...letting it run today

[papillon] 15/2/2006 08:25

Up this morning.

[leesonlookalike] 14/2/2006 21:45

cheers mate.

[wassapper] 14/2/2006 21:14

leeson - you have the wrong data for CDE. YOu have an LSE stock not Ofex.. Follow Andy's link above.

[fromtheblue] 14/2/2006 12:07

Managed to get in about £5000's worth this morning. A punt with lots of potential reading other's comments. Bought through fastrade(Charles Stanley)

Edit at 16:30: As has been said a matching trade(sell) to the buys, made at the end of the day would indicate that they are not wanting the price to zoom up at present. I guess this is due to the prep for the AIM listing and purchase of assets in the FSU.

[sranmal] 14/2/2006 10:54

Some decent buying today. Only a couple of weeks until the period of exclusivity for the potential acquisition of Pechora expires (1 March).

[hard work] 14/2/2006 07:46

Andy,
There always seems to be a balancing "sell" to counteract the buys - a way of keeping the price at this level perhaps?

[andy] 14/2/2006 00:48

leeson,

No we already have a thread, you can find it here;