Corcel Share Discussion Threads

[z1co] 08/12/2023 13:05

Market reaction is also POSITIVE.

[dead duck resources] 08/12/2023 13:05

Quite right, I misspoke.

By no means will they put a spanner in CRCLs deal by agreeing their own deal with the
buyer for its 59%, whilst offering to buy out CRCLs 41% for shares in the new vehicle
which they have every right to do as part of their pre-emption.

[z1co] 08/12/2023 13:03

DDR

Wow that's a complete LIE from you.

It's been approved by the shareholders at the GM and there is nothing you can do anything about it , other than post lies.

Pathetic1

$3m is coming to company upon completion.

[kemche] 08/12/2023 12:53

Because they will to help out CRCL that's why.

[dead duck resources] 08/12/2023 12:51

The disposal of Mambare won't be 'approved' unless the JV partner waives their rights.
They refused to earlier this year, why would they act any differently this time round?

[helpfull] 08/12/2023 12:49

Can't buy 100,000,000 shares.

NT is all over this

I remember when Scottie and Parsons were in charge.

They used to give away 100,000,000 shares a day.

Better days.

Be careful.

[z1co] 08/12/2023 12:48

Ooops this rise is for the disposal of Corcel's 41% interest in the Mambare nickel/cobalt project and the Extraction Loan Notes.

It has been approved at the GM today.

All good news more cash in the kitty very soon.

The bigger rise regarding the two Colin gushers yet to happen.

[kemche] 08/12/2023 12:13

Agreed. Then the whooshing.

Brazil next.

[z1co] 08/12/2023 12:08

Colin 2 target depth by end of this month and then the fireworks will start.

Patience is required.

[kemche] 08/12/2023 11:58

Looks like it Zico.

I continue to average down.

Leni and Pharmacal all over this now.

[z1co] 08/12/2023 11:12

It looks like Colin 2 will be huge a gusher even bigger than Colin 1 :)

Shares are no-brainer at sub 0.50p.

[z1co] 08/12/2023 11:07

What's happening wibble :)

[helpfull] 01/12/2023 12:06

There's no point in trying to deramp Corcel to lower the share price.

Scottie is still pulling the strings in the background.

Leave him do what he does best.

His track record is second to none.

Be careful.

[z1co] 01/12/2023 10:24

DDR

Your attempt to deramp is not working the share price is UP slightly this morning.Colin 2 is being drilled towards the target depth

It's all about what the flows will be.
The drilling results for Coiln 1 well were positive, with oil shows found throughout the Binga reservoir in alignment with the distribution seen in historic production wells in the Tobias field, confirming the ability to reactivate production in the field

How much will these Colins guuuush !

It's gone to full offer to buy at 0.48p.

[kemche] 01/12/2023 00:05

Ddr, will you please stop reading the accounts wrongly?

[dead duck resources] 30/11/2023 23:30

mark is right to wibble with excitement over these results, they're truly something.

- "The lithium exploration rights at the Canegrass tenement are overlain on a third party nickel license". Overlapping exploration rights! Interesting and post-modern!

- "After year-end the Company reached a position of being debt-free for the first time in several years." Debt-free baby!

"Also post year-end Corcel agreed to draw down convertible debt from Extraction SRL.
Corcel now owes Extraction SRL £1,000,000 which will increase to £2,000,000 shortly.
Up to £8,000,000 more is to be mutually agreed over the 3 year term and the Company
has agreed the balance of the facility can now be made available for early drawdown"

- Director Emoluments
J Parsons £302,000 including £30,000 bonus
S Kaintz: £236,000 including £35,000 bonus

[kemche] 30/11/2023 12:16

"with oil shows and multiple potential production horizons throughout"

The shows are clearly there with potential!

"The Directors anticipate having to raise additional funding to meet the ongoing spending projections and working capital requirements of the business, most likely through debt instruments over the course of the financial year."

Natch.

Looks like they are informing the market of Junior's imminent exit. Poor sod.

Otherwise an excellent set of results!

GLA LTHers!

I continue to average down.

[premium beeks] 29/11/2023 16:51

I'm usually knocking about!I know little about the company however can agree with Z1co on one thing - modern practices will very much improve any reservoir yields on discovery and commercialisation.Best of luck all,PB

[helpfull] 29/11/2023 12:26

Where's Beeksy?

Sorely missed.

Be careful.

[dead duck resources] 28/11/2023 14:22

Ignore the derampers like Angola's Economy Minister, fossil fuels are bang on trend.

"The energy transition makes it even more urgent to diversify the economy." Economy Minister Mário Joao has launched programs to do just this. His goal is for 80 to 85%
of Angola's energy supply to come from renewable sources in the medium term. "It's a question of survival, because oil is coming to an end", says economist Carlos Rosado
de Carvalho, adding the country's known oil reserves won't yield much after 2035."

[z1co] 28/11/2023 12:49

These Colins will definitely flow

If they even a flow a minimum of 1500 bopd we are entitled 270 bopd net at 18%.
That's 540 bopd from the 2 Colin wells generating a revenue of over $15m/year.

With the modern drilling techniques they will flow a lot more than 1500 bopd.

In meantime i continue to buy at sub 0.5p