Corcel Share Discussion Threads

[helpfull] 06/11/2020 09:04

Is it about taking a position? Or being left with unwanted shares? 13.62% of a company is a large amount for a broker to hold. And a broker needs to broker the share. It's in the job description. The cash raise was a necessity for Corcel. Done at a discount. And all those placing shares need to be placed. Orderly queue mug punters please. Be careful.

[the_debt_collector] 06/11/2020 08:25

When a broker or market maker takes a position in a company then it is likely they would want a far higher share price, they are best placed to achieve that, City folk taking stock is extremely positive.

[helpfull] 05/11/2020 16:37

Monecor. Aren't they the Corcel company broker? They have 36,500,000 shares dated 2nd November 2020. Just after the 78,000,000 shares from the recent cash raise at 1p were issued. Did the placing go poorly? Doesn't bode well. Mug punters need to be reeled in. They will be the ones needed to pay for the cash raise. And does the broker get the corresponding 18,000,000 warrants? Weren't private investors mentioned in the RNS announcing the cash raise? Is a broker a private investor? Be careful.

[albert arthur] 05/11/2020 15:56

Very interesting. I took KIBO last week. It'll PPA and IPO soon.

[leewink1] 05/11/2020 15:11

Nice TR-1 there ....

[kemche] 05/11/2020 14:36

Whoosh imminent - just waiting for the herd as the news richness commences.

[mrzippo] 05/11/2020 13:09

Chumming the water for the suckers

[mrzippo] 05/11/2020 13:08

Churn begins

[kemche] 02/11/2020 23:41

Kaintz also in charge of CZN - another company famous for delivering on its promises.

[mrmcnee] 30/10/2020 11:18

In the header interview it seems the CEO (Kaintz) implies that Corcel may dispose of both Burwell and Southport energy projects, it is quite revealing.

I have never heard a fellow speak so fast but did manage to hear him refer to another AIM company who are buying these projects, well is that company Kibo Energy who hiving off their energy arm (Sloane) on the Main Market shortly.

Looking at Kibo Energy presentations it appears Sloane are buyers of such projects, here..



As with everything junior market related one has to join the dots but Kaintz did say he had a meeting planned with this anonymous AIM outfit.

Maybe news will be forthcoming.

[mostyn] 30/10/2020 11:13

I would like someone to tell me the logic in raising money and issuing shares to buy up the UNSECURED debt of what appears to be a basically bankrupt company (RMI), even if they get the debt at a discount. What leverage does it give Corcel if the debt is unsecured.

This has all the hallmarks of another coal fiasco, which must have cost shareholders upwards of £2 million.

I would be more than happy to be proved wrong, but joining one poorly run company with another poorly run company, in whatever type of association, doesn't seem to be likely to equate to a successful outcome.

[kemche] 29/10/2020 12:23

1 billion shares by year end.

I ask again, where in the name of bamba does all the money keep disappearing??????

[helpfull] 29/10/2020 12:20

Anyone know when those 78,000,000 shares arrive? Anyone care? When Parsons arrived in December 2019 there were 86,000,000 shares in issue after the restructuring. There is almost that many issued in the current cash raise. The share price has fallen from 3-4p to 1p. The number of shares in issue is now 268,000,000. Can you see where the share price is heading here?

[kemche] 28/10/2020 14:21

The non stop whooshing continues!

Another fundraising before Christmas has to be odds on surely.

[edward hopper] 26/10/2020 15:26

Execution of the option entails the payment of AUD 640,000 in cash (£349,500) and the issuance of 23,711,018 new ordinary shares to Base Asia Pacific Limited, a Sinom subsidiary, in Corcel. This represents an approximate 65% discount from the face value of the debt. RMI is the 100% owner of the Wowo Gap nickel/cobalt project located 250km from the Company's existing Mambare project.


23,711,018 shares @ £0.016 = £379,376 plus the £350k paid in cash minus the £750k total raised leaves £20,623 for further battery metal space acquisitions.

"The Company also expects to utilise some of the proceeds to assist the Company with originating and negotiating pre-identified further acquisitions in the battery metals space which are designed to broaden the Company's current exposure to all of the key battery metals going forward. The Company will provide further updates on these discussions as appropriate."

Shareholders appear to still be paying the price for the previous managements incompetence at letting so much of their share of Mambare slip out /dilution of their hands.If they had contractually paid their way at the start todays Wowo deal wouldn't have been necessary .

More worrying is none of todays huge raising is going towards their everyday running costs which average out at around £600k pa so we still have that one to look forward to .

[kemche] 26/10/2020 13:50

1 billion shares by year end.

I ask again, where in the name of bamba does all the money keep disappearing??????

[helpfull] 26/10/2020 13:42

No gogo at WoWo for the yoyo. What does the cash raise tell shareholders. Apparently there have been no discussions at WoWo Gap with RMI.

"Exercising the option clears the path for discussions with RMI around the Wo Wo Gap asset".

A long time twiddling thumbs. No guarantees. The whole debt strategy might not work on the other side of the world. Personal contacts count more in PNG. The approach of RMI relies a lot on trust and familiarity. Corcel might need the RMI team more than they need Corcel. Be careful.

[space_dust] 26/10/2020 11:43

ETX Capital seem to be the broker behind a number of recent AIM multi-baggers.

Who knows whether it will happen here.

[kemche] 26/10/2020 09:51

"Who's making money out of this company?"

Who could it possibly be???

[helpfull] 26/10/2020 09:46

Well. Just another 75,000,000 shares to be sold onto mug punters. Get started everyone. In crazy moments I think the purpose of this company is to sell placing shares to the naive. It produces placing shares and sells them at profit. That wouldn't be allowed would it? All to the background of a soothing story. Who's making money out of this company? Be careful.

[kemche] 26/10/2020 09:23

Unbelievable!

I think they can still get another fundraising away before Christmas.

I ask again, where in the name of bamba does ALL the money keep disappearing??????

WTF??????

[helpfull] 26/10/2020 07:42

I've lost track. Is that the fourth cash raise since December 2019 or the fifth or the third? In December 2019 there were 87,000,000 shares in issue. How many now? How many? 268,000,000! Wow! The company produces no nickel, no cobalt, no vanadium, no electricity. But it is doing great in the share production stakes. When a company continually raises cash from share issues it is taking value from shareholders. That's your value. And moving it elsewhere. I will leave the mug punter to guess where. Only debt is being bought. Be careful.