Corcel Share Discussion Threads

[hedgehog 100] 07/12/2021 14:08

"Simply pointing out an occasion when options were granted at a price below the prevailing share price."


But there's a difference to the prevailing share price and the share price at about that time, which is why I wasn't exact.

If there was a sudden spike up, then options might be awarded lower than than price.

Equally, if there was a sudden dip down, then options might be issued at higher than that price.
Similar to CRCL's premium placing in February, in which the directors bought shares:

18/02/2021 07:00 UK Regulatory (RNS & others) Corcel PLC Fundraising, Directors' Dealings and TVR LSE:CRCL Corcel Plc
"... Equity Funding
The equity fundraising has directly raised gross proceeds of GBP300,000 from the issue of 24,000,000 new ordinary shares of GBP0.0001 (Ordinary Shares) at GBP0.0125 ("Placing Price") per share ("Fundraising Shares"), being a 4% premium to the mid-price of the Company's ordinary shares at the close on 17 February 2021, being the latest practicable date prior to the publication of this announcement. The Company has also issued the equity investors with two warrants for every one share exerciseable at GBP0.02 per new warrant share at any time over the next two years.
The Company has also agreed to issue a further 2,880,000 new Ordinary Shares at the Placing Price ("Supplier Shares") for an invoice received from Align Research in respect of research services, and who has agreed to receive the payment of their GBP30,000 invoice plus VAT, both paid in shares.
Directors' Dealings
Two Company Directors, James Parsons and Scott Kaintz, have also participated in the placing of 800,000 new ordinary shares and 1,600,000 warrants each. The placing shares and warrants issued to James and Scott have been included in the table below, which sets out the Corcel Board's current holdings. ..."


According to your theory, they would have set that placing price lower, in order to get shares more cheaply.

[helpfull] 07/12/2021 13:47

"The directors here have had plenty of time to award themselves new share options at prices far lower than previously, but they have not done so.

And if they do award themselves new share options, I certainly wouldn't expect them to be at a discount to the share price at about that time"

Simply pointing out an occasion when options were granted at a price below the prevailing share price.

"I certainly wouldn't expect them to"

Which doesn't sit with your expectations.

Be careful.

[hedgehog 100] 07/12/2021 13:34

Also, I don't see how you can complain about an options award at 2.75p when just a few months later the share price was below 0.75p.

The options granted on 5.12.19 were at the same price as a 2.75p placing announced in the same RNS.

[hedgehog 100] 07/12/2021 13:21

"The share price when the current management team was put in place was 3.25p. There has been a decline to 1.125p."


But you said that it had been a continual fall, when it hasn't.

The new management regime has been in place for nearly two years, and the decline to below 0.75p occurred in barely the first three months of that period, helped by the onset of the COVID-19 pandemic when markets crashed.

Be careful with your facts please.

[helpfull] 07/12/2021 12:43

"On the 9th. April last year CRCL closed at under 0.75p.

Now, nearly 20 months later, it is 1.125p, i.e. over 50% higher.

I don't see how a share price rise of over 50%, over a period of about a year and two thirds, can constitute a continual fall?"

Hedgie, you're funny. The share price when the current management team was put in place was 3.25p. There has been a decline to 1.125p.

On the day Parsons joined the company he was awarded options:

"James Parsons has been awarded 304,056,730 three-year vest, five-year expiry options with an exercise price of 0.0275p per share"

That was 5 Dec 2019 and the share price was 0.0325p (pre- consolidation). Option shares issued below the prevailing share price from the start.

Be careful.

[hedgehog 100] 07/12/2021 12:33

LOL, take note of the investment genius here.

Never invest in a company where anyone has received a pay rise!

[kemche] 07/12/2021 12:22

The directors here have had plenty of time to award themselves pay rises, and they have done so.

Will they be partaking in any future fundraisings? And if so, how much?

[hedgehog 100] 07/12/2021 12:17

"It symbolises the continual fall in share price at Corcel and the continual fall in shareholder value."


On the 9th. April last year CRCL closed at under 0.75p.

Now, nearly 20 months later, it is 1.125p, i.e. over 50% higher.

I don't see how a share price rise of over 50%, over a period of about a year and two thirds, can constitute a continual fall?!




The directors here have had plenty of time to award themselves new share options at prices far lower than previously, but they have not done so.

And if they do award themselves new share options, I certainly wouldn't expect them to be at a discount to the share price at about that time.

[helpfull] 07/12/2021 11:53

"A refreshing change from companies where discounted options are awarded, or in some cases even options exercisable for free"

Only for an idiot is that true. It symbolises the continual fall in share price at Corcel and the continual fall in shareholder value. The directors might come up with a cunning plan to award themselves with new options at this distressed share price. Distressed for the shareholders but worthy of a bonus for Scottie and Parsons.

Be careful.

[kemche] 07/12/2021 11:47

Meanwhile the weighted average of the monthly income totalled £32,000.

So there is that.

And the repayment of the loans loom large!

Mind the iceberg!

[kemche] 07/12/2021 11:45

Red herring.

"Profit protection" trade executed?

[hedgehog 100] 07/12/2021 11:42

The outstanding share options are exercisable at prices ranging from 2.75p to 80p.
A weighted average of 42p -

07/12/2021 07:00 UKREG Corcel PLC Accounts and Notice of Annual General Meeting
" .. The exercise price of options outstanding at 30 June 2021 and 30 June 2020, ranged between GBP0.0275 and GBP0.80. Their weighted average contractual life was 3.462 years (2020: 4.462 years). ..."



Good - this means that the directors will have to multibag the share price from its current level of 1.125p in order to benefit from these options.

A refreshing change from companies where discounted options are awarded, or in some cases even options exercisable for free.

[helpfull] 07/12/2021 11:17

I would like to apologise. What was I thinking? My figures have been amiss. £25,000 a month? Not on your nelly.

Today the results ending 30 Jun 2021 for Corcel are released. Total remuneration for Scottie and Parsons was £386,000. That's £32,000+ a month between them. And includes a bonus of £1,000+ a month each. To me, to you. The chuckle brothers. Who is on the remuneration committee?

These figures are for last year. What's the current figure? In the last month's when £100,000 per month was coming into the company at least £32,000 per month was going out in remuneration to Scottie and Parsons. That's 32% of monthly income. No wonder Scottie is doing his talking head videos on Twitter encouraging people to buy the shares. Shareholders might think they are being laughed at. Or should that be chuckled at.

Be careful.

[hedgehog 100] 07/12/2021 09:47

07/12/2021 07:00 UKREG Corcel PLC Accounts and Notice of Annual General Meeting

"Final Audited Results

for the Year Ended 30 June 2021 and Notice of Annual General Meeting

07 December 2021

The Company's Annual Report and Financial Statements for 2021, extracts from which are set out below, together with the Notice of the Company's Annual General Meeting (AGM) will be published to shareholders on Wednesday, 8 December 2021 and a copy of the documents will be available on the Company's website at www.corcelplc.com.

The AGM is to be held at We Work, 3 Waterhouse Square, 138-142 Holborn, London, EC1N 2SW at 1:00p.m. on Friday, 31 December 2021.

Given the continuing concerns regarding COVID-19, Shareholders, whilst able to attend the AGM in person this year, are requested to consider their safety carefully prior to attending the meeting. The Company will continue to monitor the guidelines set by the Government and any changes to attendance of the meeting will be communicated via RNS.

Chairman and CEO Statement

Overview

During the twelve-month period to 30 June 2021, which marked my second year as Chairman at Corcel Plc (the "Company", "Corcel"), we have continued building the core Net Asset Value (NAV) in our portfolio, which spans the exciting intersection of battery metals mining and their end use in both energy storage and the electric vehicle revolution. Despite the varied challenges of the global pandemic, this progress has included three asset acquisitions: the Tring Road peaker plant acquired during the year in review; secondly, the Avonmouth peaker plant in the UK; and thirdly, Wowo Gap Nickel / Cobalt asset acquired after the period end in PNG. The year has also included operational progress at Mambare, where we secured the environmental permit - a critical step on the route to a Mining Lease. Progress was also made at the Dempster Vanadium project, where operational results highlight exceptionally good rock and soil samples, which, amongst other signs, indicate the presence and grade of the Canol Formation and enable good formation tracking.

It is my firm belief that our strategy, leveraged to battery metals across both the upstream and downstream, is very much the right strategy as global economies continue their drive towards electrification. I remain very excited about this space and see Corcel continuing to position its business strategically in anticipation of the inevitable structural price hikes in battery metals.

The Board and I want to thank our shareholders for their support during 2021, which we know has not always been easy. We are amongst the first movers in this space in the micro-cap sector and we believe that our shareholders will, in due course, see significant rewards from the hard miles we have covered building the foundations to support this strategic positioning. Our commitment to transforming your company into a substantial value generating business remains absolute.

We therefore are pleased to present the Annual Report and Accounts for the year to 30 June 2021. ..."

[helpfull] 06/12/2021 11:54

"Chief Executive Officer, Scott Kaintz tells us why to invest in @Corcel"

That's on the latest of the embarrassing talking head Tweets by Scottie. It's strange because in last week's interview with Fairbairn and Russell I thought Scottie was investing in bitcoin. Easy money for those who can afford it. Can you? So, why is Scottie telling people why they should invest in Corcel and not bitcoin? Anyone know? Perhaps the trough is looking a little empty. Don't worry. Scottie is well remunerated at Corcel. £25,000 a month between him and Parsons. Be careful.

[kemche] 04/12/2021 13:49

A whoa bamba! Still averaging down.
Shovels at the ready.

[bambos22] 04/12/2021 13:41

Lol...My teams football programme writes of my own team not their rivals.Very unhelpful post helpful...How's NTOG? Lol

[kemche] 03/12/2021 17:30

Quelle surprise!

[kemche] 03/12/2021 14:31

lurker, :)

[lurker5] 03/12/2021 14:13

Take out the comma Mr not very smart (wrong all the way so far), and you'll be right (for a change)

[lurker5] 02/12/2021 17:43

All these 'news' events will involve large amounts of funding. Where is it coming from ? Either external 'funders' who will extract their pounds of flesh. Or shareholders. Not the slightest mention of it by the rampers. They don't understand that bigger market caps stem from extra shares in issue and not a higher share price. But they can't work out which it will be. If they could they would pipe down.

[kemche] 02/12/2021 16:01

That's it.