Corcel Share Discussion Threads

[helpfull] 10/1/2022 10:37

It is interesting that the MOU is negotiated between NPC and Corcel. No mention of the partner at Mambare. Is Corcel just taking the lead in commercial negotiations whilst the DSO permit is left to the partner at Mambare? Be careful.

[hedgehog 100] 10/1/2022 10:24

Which will clearly also save huge amounts of money.

[kemche] 10/1/2022 10:23

"Spent countless of hours negotiating a contract that you do not expect to come to anything!"

They didn't. They spent countless of hours negotiating a NON-BINDING MOU which they will be NON-BOUND for 12 months.

And the very best of luck to you too buggy.

[buggy] 10/1/2022 10:01

Kemche,

If you do , then the party negotiating with them must be a better management than me with plenty of time on their hands. Spent countless of hours negotiating a contract that you do not expect to come to anything!

Unfortunately I do not have as much time on my hand and not paid to give other investment advice on how and where to spend their money. Consequently this will be my last exchange on the subject, not being rude, just that I do have other things to do with my time. Good luck to you wherever you chose to invest, your money your choice.

[kemche] 10/1/2022 09:55

"You do not sign an off take agreement with someone that you do not expect to produce anything."

Of course you do.

[buggy] 10/1/2022 09:50

jailbird,

By your logic no one invests in mining companies because it takes years to start production. the last time I looked there are some institutional investors and big players invested here and clearly they are mugs and should probably hire you to structure their investment policy.

Just my un-enlightened view: You can buy early mining companies this cheap exactly because of lead time to production. At each state of de-risking it rerates. Signing an offtake agreement is part of the de-risking. You do not sign an off take agreement with someone that you do not expect to produce anything.
While I am not providing investment advise to anyone, CORCEL do have a few bows to their arrow.

[kemche] 10/1/2022 09:47

"it has entered into a non-binding Memorandum of Understanding"
Why? Just why enter into these kinds of charades?

"CRCL and NPC agree to negotiate in good faith to enter into"

Seriously just why?

"The term of the MOU is for 12 months"
Yippee we are "non-bound" for 12 months to do FA.

Classic Junior!

[jailbird] 10/1/2022 09:33

Try again without my ape fingers Listen up rampersDo you know how much money and years it takes to bring a mining project from exploration , PFS, DFS feasibility studies to financing to production .I tell it is 10 years minimum in this climate , and multi millions of dollars .Let's not forget costs have hugely gone up ore pandemic .Now this Co is still in exploration stage with so many stages for deriskjng.Only the ignorant will invest here

[jailbird] 10/1/2022 09:31

Listen up rampersDo you know how much money and years it takes to bring sprint toon from exploration , PFS, DFS feasibility studies to financing to production .I tell it is 10 years minimum in this climate .Now this Co is still in exploration stage with so many stages for deriskjng.Only the ignorant will invest here

[hedgehog 100] 10/1/2022 09:01

"JORC Resource of 162.5 million tonnes @ 0.94% Ni and 0.09% Co (1.53 million tonnes of nickel)"


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


CRCL has average Mambare-WoWoGap nickel grades of about 1%.

NPC is seeking to purchase up to 0.5Mt per annum of nickel DSO products from the Mambare and WoWo Gap projects.
= About 5,000 tonnes of nickel p.a.
x c. US$20,000/tonne nickel = c. US$100M. p.a.

[hedgehog 100] 10/1/2022 08:49

10/01/2022 07:00 UKREG Corcel PLC Signed MOU for Nickel Offtake

Corcel, the natural resource exploration and development company with interests in battery metals and flexible energy generation and storage, announces that it has entered into a non-binding Memorandum of Understanding ("MOU") with Shandong New Powder COSMO AM&T ("NPC") for the supply of nickel from the Company's Mambare and WoWo gap nickel projects, where the Company owns a 41% and 100% interest respectively.

Highlights:

o NPC is seeking to purchase up to 0.5Mt per annum of nickel DSO ("Direct Shipping Ore") products

o CRCL and NPC agree to negotiate in good faith to enter into a binding nickel DSO offtake agreement for production from the Mambare and Wo Wo Gap projects

o NPC is a joint venture between Sentient Global Resources Funds, Dougide Group and the Korean COSMO AM&T Co. Ltd, and focusing on producing lithium battery cathode materials

o NPC owns and operates a 5,000tpa cathode plant in China with plans to expand to 20,000tpa in 2022

Agreement Details

Under the terms of the MOU, NPC is seeking to purchase up to 0.5Mt per annum of nickel DSO products from the Mambare and WoWo Gap projects.

As part of the MOU, NPC and CRCL have agreed to negotiate in good faith to enter into a binding offtake agreement for the purchase of nickel by NPC. The initial term of the offtake agreement will be for 3 to 5 years. Pricing of the products will be linked to the underlying commodity prices on the London Metals Exchange, or some other mutually agreeable index, with consideration given to purity and specification.

NPC and CRCL will also work together to establish product specifications to be used in the offtake agreement that are acceptable to NPC and can be produced by the Company's nickel projects. This may constitute additional development of existing feasibility studies as well as technical analysis. NPC and CRCL also agree to work together to identify and secure the funding required to move the Mambare and Wo Wo Gap projects to production.

The term of the MOU is for 12 months, unless extended by mutual consent.

About Shandong New Powder COSMO AM&T

Shandong New Powder COSMO AM&T (NPC) is a JV built by Sentient Global Resources Funds, Shandong Doguide Group and the Korean COSMO AM&T Co., Ltd.

Sentient Global Resources Funds is a private equity group with $2.7bn under management with assets in the metals, minerals, and energy space. Doguide Group is the 3(rd) largest titanium pigment producer in China with 200ktpa and $300m of annual revenues. COSMO AM&T is a publicly listed Korean company with a US $1.3bn market capitalisation and is the number 4 lithium battery cathode producer in Korea with a capacity of 12,000tpa, serving customers such as Samsung, LG, Sony and Umicore.

The Chinese based NPC JV has introduced advanced cathode technology and equipment from Korea and Japan to China, and focuses on the R&D and production of LCO, NCM523, NCM622, NCM811, and NCA li-ion battery ternary cathode materials, which are used in electronics, electric vehicles and energy storage applications.

[vauch] 10/1/2022 08:11

Nice jump up today Rmart.

[bambos22] 05/1/2022 20:12

Big buys today

[mark10101] 05/1/2022 14:12

Nice move so far, the higher we can go before any possible good news the better.

[bambos22] 31/12/2021 17:14

Trolls crying haha

[kemche] 31/12/2021 14:42

"Andrew Bell.. now you hail him for selling Corcel.."

Is that how it reads to you?

Even cleverer than I thought!

[kemche] 31/12/2021 11:31

Junior, who also occupies a position as an executive at RRR, saw it fit to dispose of their holding in CRCL. Is Junior sending a message?

[driver101] 31/12/2021 10:08

jb

Get passed the .2 then it’s an easy rise to .5

[jailbird] 22/12/2021 11:10

My 0.5p target is getting closer Surprising it is taking so long though

[kemche] 20/12/2021 16:13

And the price has shot up since then.
So there is that.

[bambos22] 20/12/2021 15:59

You have been saying that everyday for months and months