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CRCL Corcel Plc

0.335
0.00 (0.00%)
17 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Corcel Plc LSE:CRCL London Ordinary Share GB00BKM69866 ORD 0.01P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.335 0.32 0.35 0.335 0.335 0.34 1,588,512 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Misc Nonmtl Minrls, Ex Fuels 0 -1.26M -0.0008 -4.13 5.28M
Corcel Plc is listed in the Misc Nonmtl Minrls, Ex Fuels sector of the London Stock Exchange with ticker CRCL. The last closing price for Corcel was 0.34p. Over the last year, Corcel shares have traded in a share price range of 0.23p to 1.375p.

Corcel currently has 1,599,528,988 shares in issue. The market capitalisation of Corcel is £5.28 million. Corcel has a price to earnings ratio (PE ratio) of -4.13.

Corcel Share Discussion Threads

Showing 5601 to 5625 of 5750 messages
Chat Pages: 230  229  228  227  226  225  224  223  222  221  220  219  Older
DateSubjectAuthorDiscuss
01/3/2024
07:47
Good morning,New here, what would be a realistic flow rate from theses wells to put this company in a positive cash position, With a 20% interest if we get near a low rate around 400 bopd to crcl that's only 1000bopd from each well, would be a nice income, I know that theses wells have historically been near 10,000 bopd,Anywhere near that and it will be very interesting,
talais
29/2/2024
23:19
I've done a search but didn't come up with much. Do we know how much money Extraction Srl have available? Are they able to to fund Corcel easily or not?
chinahere
29/2/2024
22:26
If it walks like a duck.....
kemche
29/2/2024
22:15
Exercising the option = cash to RJ not the company, how will that 'fund the business'?

It would take Extraction to 29.9% so they'll be restricted from any more convertibles. The only way for Extraction to fund the business now is if they sell down their stock to make room. This may explain the recent RNS saying the Chairman will recuse himself.

The con is there was never more than £1m-£2m, the rest was just for the going concern.

dead duck resources
29/2/2024
21:48
Yes and today's Options RNS is telling. A right for Extraction to buy 100m shares at 1.2p. They must like it.

If they then try and fund this going forward with 0.8p convertibles then it is a contrived con IMHO.

chinahere
29/2/2024
21:24
3 months ago:
The Company agreed with Extraction on drawdown of £1m in October 2023 with a further £1m by January 2024. A further £8m was to be made available over 3 years. Extraction has now agreed to allow for immediate drawdown of the balance of the remaining £9m.

Going Concern: agreed a £10m loan note facility to fund the business. The £9m balance of the loan notes has now been agreed to be made available to the Company immediately.


Jan 2nd 2024: conversion of £250k of initial £1m tranche. No sign of the further £1m

Feb 23rd 2024: The Company is in discussions with Extraction around the quantum and timing of the next drawdown and will update the market on these talks in due course.

Feb 29th 2024: conversion of remaining £750k
This retires the facility in full with remainder of the loan potentially available.

dead duck resources
29/2/2024
20:27
Are some shareholders more equal than others?

Congratulations to the lovely richie666 on the possibility of untold riches from the "Option Agreement".

But why is the "option" not open to all shareholders?

I can see many reasons to rid the share register of the lovely richie666 but why has he been given preference?

Be careful.

helpfull
29/2/2024
17:36
£69.11 UT at 0.8p. WTF ? MM shenanigans as lots of hefty trades this afternoon above 1p.

Hopefully sorts itself out in the morning.

The option agreement suggests a clear line of travel share price wise.

highly geared
29/2/2024
15:45
interesting deal between Rich and co. nice one
smackeraim
29/2/2024
15:43
well thats a decent premium
sigora
29/2/2024
08:23
No extra cash at this point - the £1m was drawn down last year and Extraction have chosen to convert at this point. Agree a positive step though
mayroad2
29/2/2024
08:19
Conversion of loan notes adds £750k to cash balances and is confirmation that the conversion is done on the basis of seeing a much higher share price in the coming months, as the current premium is only c 10%
highly geared
29/2/2024
07:56
Blue opening suggests that Mr Market likes today's news or is it the flow news that's starting to leak.
z1co
28/2/2024
17:20
Agreed, and they’ve two bites of the cherry. 2 wells and multiple zones per well that could flow and /or be commingled. 3-4x current market cap for an exceptional flow test result from both wells. The current share price barely has 1000BOPD net built into the price.
highly geared
28/2/2024
15:24
If TO-14 flows any where as good as the historic well T0-4 which flowed 12,580 bbls/d peak then the share price will go crazy.
z1co
28/2/2024
15:01
Results from the flow testing of TO-14 could be announced at any time
z1co
27/2/2024
08:28
Testing had already started when they last updated on the 12/02/2024 , so hopefully news will be released very soon.
z1co
27/2/2024
08:18
Yes, well presented. Roll on flow test results
smackeraim
27/2/2024
07:42
Excellent new corporate presentation that points to confirmation of commercial oil with great IRR.
highly geared
23/2/2024
18:54
https://africaoilgasreport.com/2024/02/oilpatch-sahara/will-the-current-drilling-on-tobias-oil-field-bring-new-life-to-angolas-onshore-kwanza-basin/
vipassana
23/2/2024
08:12
He's not a seller at least. Let's see the flow rates.. can't be far away now
smackeraim
23/2/2024
08:10
He already owns 19% of company, he can't keep converting all this loan or he will go past 30% and need to make an offer for co. My guess is a mix of conversions and holding some loan as a loan.
smackeraim
23/2/2024
08:02
I hope it means that he will offer a higher conversion price going forward.
chinahere
23/2/2024
07:56
So lots of equity to be converted into hares
beatme1
23/2/2024
07:54
Just re read the loan notes RNS

It was based on £1m in October and £1m in Jan

So today they’ve confirmed only £1m had been drawn down and speaking with the lender to find out when next monies is coming

Hmmm

dicko80
Chat Pages: 230  229  228  227  226  225  224  223  222  221  220  219  Older

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