Corcel Share Discussion Threads

[helpfull] 30/7/2021 10:32

There are similarities twixt WoWo and Burwell and Southport. Southport? Isn't that the "gas fired "peaker plant" with 7.2MW generation capabilities"? Weren't revenues due end 2020?

Latest sign of Southport was in the finals end June 2020: "the Company was also maturing a site in the Southport Energy Centre, located North of Liverpool however, the Burwell site in Cambridgeshire and other flexible power generation and storage opportunities now remain the Company's primary focus in the UK".

That's how Southport was disappeared. Is Burwell going the same way? Testament to the lack of follow through by the management perhaps? Be careful.

[helpfull] 30/7/2021 10:15

There are similarities twixt WoWo and Burwell. The landowner has planning permission at Burwell and hasn't signed a binding lease. Corcel has an option on a (deferred) grid connection. How long does the option last? Corcel has said it does not think the grid connection deferral will be needed (5th May 2021) but has not announced that it won't be needed in the 3 months since "Imminent" has come and gone. Like WoWo without the EL, Burwell has no value. Be careful.

[rmart] 30/7/2021 10:08

WOWO GAP.

JORC Resource of 125 million tonnes @ 01.06% Ni and 00.07% Co (1.33 million tonnes nickel + 83k tonnes of cobalt)



The numpties latest attempt on the darkside is to say it is worthless ! lol, goodness me how desperate.

They are running out of runway for their de ramps so now try to change tack onto the latest thing that will probably be coming to Corcel and starting to tell us how worthless that is too. ffs, brainless fools.

[helpfull] 30/7/2021 10:01

Sinom is keeping RMI bankrolled because there is no Exploration Licence in place since February 2020, only the legacy agreements. Without the EL WoWo could revert to PNG government/landowners control. Corcel can't take control of WoWo in September because there is no EL in place. RMI could pass on WoWo unlicensed and it would be worth zilch. Even less than it is worth now, a scratch in the jungle. Be careful.

[rmart] 30/7/2021 09:44

from rmi :

.8.1 Does the entity expect that it will continue to have the current level of net operating
cash flows for the time being and, if not, why not?

Answer: Sinom (Hong Kong) Limited has confirmed that it will continue to provide financial support to the Group to meet its liabilities as and when they fall due and keep their assets in good standing to 31 March 2022 (excluding repayment of the Corcel loans).

8.8.2 Has the entity taken any steps, or does it propose to take any steps, to raise further cash to fund its operations and, if so, what are those steps and how likely does it believe that they will be successful?

Answer: No. Funding expected from Sinom (Hong Kong) Limited as noted above.


8.8.3 Does the entity expect to be able to continue its operations and to meet its business
objectives and, if so, on what basis?

Answer: Yes. Funding expected from Sinom (Hong Kong) Limited as noted above. The Company is considering options to extinguish the Corcel loans.


..........


In other words, Sinom, is keeping RMI afloat until wowo goes to Corcel.

Happy days ahead.

[baitelmal] 30/7/2021 08:59

257000 is a buy!

[rmart] 30/7/2021 08:50

In late 2020, as previously advised, Sinom sold $4,761,087 of debt due from RMI to a UK AIM-listed company, Corel plc. These loans are unsecured and interest free. $2,761,087 is repayable at any time on or following 30 September 2021, and $2,000,000 is repayable at any time on or following 14 January 2022 forthwith on demand.

[rmart] 30/7/2021 08:45

Looks like WoWo will be in Corcels hands shortly with Sept 30th being a deadline. Nice.

Corcel Loans $4.761m
Loans are unsecured, interest free and due to Corcel plc.

Maturity dates are: - $1,710,000 maturity date of 31 March 2021. Corcel have confirmed that it will not request repayment of these loans for a period of 12 months from the date RMI’s directors sign RMI’s June 2020 annual financial statements (subject to certain conditions, such as not appointing an administrator and not paying dividends) (ie 30 September 2021).

- $1,051,087 maturity date of 30 September 2021
- $2,000,000 maturity date of 14 January 2022

[rmart] 30/7/2021 08:12

Ah bless him, he found his home.

Anyway, today could be last Chance under 2p, let’s see how we finish the week. Onwards and upwards hopefully

[lurker5] 30/7/2021 08:04

Our friend Mr Smart over there can't stomach any reasoned post that questions his fantasy world. I knew he would ban me before long. Sad sorts of people these boards attract sometimes - wanting to be tinpot kings of their little castles ! My reasons for questioning Align's valuation remain and are posted for the benefit of investors who want the truth and are intelligent enough to recognise it. One of the worst analysts Ive ever come across (having known his 'work' for over 10 years) has based his corcel 'target' on the already very dodgy valuation for MAST (about 5 times what is justified - by questionable methods and for reasons you can read up on the MAST boards) - and on top has completely skated over the financing implications both for MAST's '£23m' (which even before being manipulated at the ipo to 4 times what accounting standards would show) assumes its projects are already owned and financed when they're not, and the same for Corcel. Once you factor in that vital information, which any competent analyst would do, you will find that substantial cash raises and share dilution will have to happen before Corcel (or MAST) actually has any share of the income to be produced. To know that, you need to know how each SPV (ie each site) will be financed and how much that will cost. If Corcel (or MAST) want that share, on the figures you can find on Companies House for simiar sites, they are going to have to put up at least £1/2 m per MW in equity cash. Corcel of course (and MAST) haven't given that vital investor information in any of their puffs and presentations, let alone in any prospectus or financial report. The reason both cos have gone to WHIreland is that it has a large pi investor base, who can be more easily bamboozled, so it remains to be seen what justification and figures the latter will come up with (and what it will omit) when it goes to those pi's for the cash Mast and Corcel will have to raise quite soon.

[rmart] 29/7/2021 21:29

Yes I do , he just bored me.

[kemche] 29/7/2021 19:58

Another RMS in the making? And countless others before that too.

[bmcb5] 29/7/2021 19:58

His opinions have no impact on the value of the company. You know that don’t you?

[driver101] 29/7/2021 18:34

Bought in today looking good long term, happy to hold and add on any dips.

[helpfull] 29/7/2021 18:29

rmart is in it for the multibagger. As he was in the previous pump just before he sold out and started to denigrate the management and trash the company. So much so that he was even shunned by the dark side after leaving his fiance, Hedgie, at the alter holding the baby. This pump and dumping is a zero sum game. When rmart sells up (and it will be anytime soon) you will have paper shares and a zero sum in your pocket. Ask torreaguas on LSE of Donkey bagger on twitter. Or rmart himself. All the same person designed to relieve you of your money. It is what he does. Or what he would like to do it you are mug enough. Be careful.

[rmart] 29/7/2021 17:50

go away you self loving fool. You have no need to post here, you just choose to, go to the dark side where you will be welcomed by dumchee and friends. You can all sit there and watch the share price go up up and up from there.

it is here, feel free.

[mark10101] 29/7/2021 15:06

Still looking really strong, has the feel of a decent move from here if the right news catalyst came.

[rmart] 29/7/2021 14:07

lurker5, the market disagrees totally with you. end of, go away to the other thread, im bored of you already.

[mark10101] 29/7/2021 14:06

Lurker5, like Kemeche and gang, use your superior investing skills to make money rather than moan on a bb month after month on shares you don’t own. The weirdest behaviour in investing…..

[lurker5] 29/7/2021 14:02

Mr Smart. ALL my cautionary posts about companies on these boards, over nearly ten year of posting, have been completely correct. The fact is that much of what analysts produce, especially by 'paid for' firms. (I have known and been part of that market for some of the last 20 years) is of extremely low quality and this is one of them. You do know, of course, of the research showing that 75% (or thereabout) of AIM (standard market is too new but of even lower disclosure requirement) investors lose money. Because they are lured in by this sort of sub-standard 'puff'. In any case, have you read , and understood, what I have written ? Tell us all where I am wrong. The fact that shares rise (and often peak) on this sort of 'research' means investors just swallow what they are told. Very few pi's have the ability to spot dodgy research and unproven assertions.

[rmart] 29/7/2021 14:00

and still only £7.5m market cap ! lol.

[oil be there] 29/7/2021 13:52

Some positive news from the company now would sure light the blue touch paper

[rmart] 29/7/2021 13:51

naaah, hes not that clever, he is hiding under the duvet in his mums bed.

[rmart] 29/7/2021 13:48

only 5 more trading days like today and we hit 5p.