Corcel Share Discussion Threads

[helpfull] 18/2/2021 09:34

Now at 321,000,000 shares, up from 87,000,000 shares in little over a year. Many more to come I suspect. Be careful.

[mark10101] 17/2/2021 13:07

So much upside potential, I would be buying at a MCAP 3x from where we are, given the Mast Energy IPO, still would leave some multiples left. I listened to Scott on this video last night


I was impressed and added more this mourning.

And this

[kemche] 17/2/2021 12:55

news richness approaching. whoosh!
Shovels at the ready!

[mark10101] 17/2/2021 12:52

Nice volume today, can’t be many days away from news.

[helpfull] 16/2/2021 14:32

They must be rolling in cash. First revenues were due from Southport in December 2020. Or is that not true? Be careful.

[jfreshfield] 16/2/2021 10:49

What does that mean for crcl?

[kemche] 16/2/2021 10:47

Metcoal and Southport flying!

Whoosh!

[jfreshfield] 16/2/2021 10:26

Yes agreed. Onwards !!!

[haff1] 16/2/2021 10:08

...then stay positive!...Ive been in since Regency days!!!!!

[jfreshfield] 16/2/2021 09:48

I'm in baby

[haff1] 16/2/2021 09:43

...then Jfreshfield why are you wasting your time making negative comment?

[jfreshfield] 16/2/2021 09:35

Looks like this is going to the moon

[mark10101] 15/2/2021 10:54

Some interesting Q&A’s



I like this one in light of my post above.

“ Question from Malik
#25 So potentially £6m EBITDA per year on £120k/MW. Assuming 12x EBITDA, your storage business at 100% could be worth £75m. That’s 25x your market cap!
Scott Kaintz (Chief Executive Officer)

Well, as stated the £120,000 per MW was a Q3/Q4 2020 figure, whether that persists is for market experts to project! But clearly, the UK energy markets are volatile, and the opportunity is quite real! Applying an EBITDA multiple to the project itself could certainly give a back of the envelope valuation, I’d expect SPV investors to also add NPV calculations to their own calculations. Broadly though, I think it’s safe to say that we are not getting credit for the work done to date at Flexible Grid Solutions and the value potentially on offer, and we’re working to make that upside more clear.
10:23 AM”

[kemche] 14/2/2021 09:39

And Corcel are shove ready - which they have been for a number of years now. And one of the finest BOD on the planet - all honest as the day is long - what with Parsons, Kaintz etc.

[greekhovel] 14/2/2021 09:21

The £23m IPO valuation of Mast Energy finally gives the market a peer to Corcel, investors need to consider if CRCL is materially undervalued or Mast Energy overvalued.

Corcel is valued at £3.6m based on 291m shares in issue, also has nickel projects that seem to have attracted the Chinese as funding entities.

All things considered Corcel looks rather cheap, note there are some shrewd folk on the TR1 list.

[mark10101] 14/2/2021 08:49

Grid balancing can be very lucrative at times of high demand, but what the US is going through is crazy.

[hedgehog 100] 13/2/2021 20:33

KIBO is currently floating its UK reserve power subsidiary - Mast Energy Developments (MED) - and has achieved a very positive price, proving the strong current investment demand for these types of assets.

In summary, MED has achieved a pre new money valuation of c. £18M. for c. 49MW of near term reserve power generation. Which approximates to their NPV:

"Project Details
MED is a private UK registered company targeting the development and operation of flexible power plants to service the Reserve Power generation market and balance out the national grid at critical times. Its business strategy is to acquire and develop a portfolio of small-scale power generation assets. Various “shovel ready” sites have already been identified in the UK, capable of sustaining gas fired power generators and ancillary structures from 20MW upwards. Financial modelling indicates projected IRRs of 13-16% and NPVs of GBP16-19 million for the initial assets."


28/01/2021 07:00 UK Regulatory (RNS & others) Kibo Energy PLC Mast Energy Developments Plc IPO Update
" ... "Following the LSE Admission of MED, MED and Sloane will be in a position to develop its portfolio at scale and pace, as opposed to a project-by-project basis and advance rapidly towards significant revenue generation. Upon successful completion of the IPO, Sloane will be in a position where it expects to have c.9MW in immediate production and c.20 MW in production within the first six months from listing and adding another c.20 MW in production over the next 6 months. The additional production capacity for the first c.20MW will come from Bordesley and 2nd acquisition sites, as well as the 3rd acquisition, announced on 28 October 2020. The capacity for the 2(nd) c.20MW is expected to come from a significant project pipeline, currently in an advanced stage of development". ... "


05/02/2021 07:00 UKREG Kibo Energy PLC Mast Energy Developments Plc: IPO Update
"Mast Energy Developments Plc: IPO Update: MED Closes Book - Raising in Excess of GBP5m
Kibo Energy PLC ('Kibo' or the 'Company'), is delighted to announce, further to the RNS dated 28(th) January 2021, Mast Energy Developments Plc (MED) has raised in excess of GBP5m through Clear Capital Markets Ltd for its upcoming IPO on the Official List of the London Stock Exchange plc ("London Stock Exchange" or "LSE") by way of a Standard Listing, which on listing will have a market capitalisation of c. GBP23 million. MED will now proceed with final submissions to the FCA and will revert in due course with the publication of the final prospectus which will include listing date details.
Initial demand has exceeded expectations and the fundraise has now closed. This confirms Kibo's belief that the UK clean energy sector is an exciting investment case going forward. We look forward to further updates from MED regarding existing projects being brought into production in the very near term, as well as any acquisitions of further projects, on their way to becoming a significant contributor to the growing reserve power market. ... "



KIBO suggests that these gas fired assets are "clean energy", but although the global warming emissions from natural gas are much lower than those from coal or oil it is still a fossil fuel.

In comparison, CRCL's Burwell energy project in Cambridgeshire is for battery storage and solar power, and is larger than MED's:

22/09/2020 06:00 UK Regulatory (RNS & others) Corcel PLC Burwell Site - Planning and Grid Connection
"Corcel Plc, ("Corcel" or "the Company"), the natural resource exploration and development company with interests in battery metals and flexible grid solutions, announces the receipt of both Planning Permission and a Grid Connection for the Burwell energy project.
Highlights:
-- 100MW 132kV connection offer received from UK Power Networks
-- Planning permission for initial 50MW battery site granted by East Cambridgeshire District Council
Grid Connection
The Company announces that the Weirs Drove Development Company ("WDDC"), where it owns 50%, has received a formal Grid Connection offer from UK Power Networks, which includes undertaking the "non-contestable" (see Note 1. below) works necessary to connect the Burwell site to its UK energy network. This offer covers a site capacity of 100MW (split 49.9MW of energy storage and 49.9MW of photovoltaic solar energy production), a 132kV power input and an import / export capacity of 49.9MW and 99.8MW respectively. The offer is for substantially more power than originally planned, which enables a larger battery storage site alongside an adjacent solar power site. ..."



This suggests that CRCL's Burwell energy project, which since 1st. December it owns 100%, is worth multiples of its current market cap.

And interestingly, the sellers of the other 50% of of Burwell (via Weirs Drove Development which holds Burwell) took the large majority of the sale price in CRCL shares.
Which suggests that they know how valuable Burwell is, and how undervalued CRCL's shares are.

[hedgehog 100] 13/2/2021 19:24

"Launch of Vision Blue Resources, closure of US$60m fundraising and first
investment in NextSource Materials

Highlights
• Vision Blue Resources launched by Sir Mick Davis to rapidly build a portfolio of
strategically significant investments in battery mineral assets
• First fundraising of US$60m concluded in 5 weeks to complete imminent
transactions
• Initial investment of US$29.5m in NextSource Materials to:
o Bring high quality Molo Project in Madagascar into production in less than
1 year, with significant further expansion potential
o Investigate potential to produce purified graphite for lithium-ion batteries
in electric vehicles
• Pipeline of future investments already identified with further fundraisings by VBR
expected in 2021 in response to expressions of investor interest

London 8, February 2021 ...

Mick Davis said: ...
“The impact of rapidly growing demand for battery minerals is likely to lead to a surge in demand for specific commodities that will dwarf anything the mining industry has ever seen before, including the commodity impact of China’s industrialisation in the last 20 years. In combination with this surge in demand, a failure to develop new sources of supply highlights the need to ensure that critical mining assets are immediately financed and brought to production. ...
In addition to supplying traditional markets for graphite and rapidly growing electric battery materials markets the Project is well positioned to meet demand for heat dissipating materials in modern electronics systems including increasing needs for 5G rollouts.” "

[hedgehog 100] 13/2/2021 16:27

10/02/2021 07:00 UKREG Corcel PLC Re RMI Nickel Project Acquisition

Corcel Plc, ("Corcel" or "the Company"), the natural resource exploration and development company with interests in battery metals and flexible grid solutions, announces further to the RNS of 17 November 2020, an update in relation to its investment in Resource Mining Corporation Ltd. ("RMI").

RMI made the following announcement today to the Australian Stock Exchange (ASX), the full text of which is also available at www.tinyurl.com/57fd6zaw .

"Nickel Project Acquisition - Tanzania"

Resource Mining Corporation Limited (ASX:RMI) is pleased to announce that it has expanded its nickel portfolio by acquiring a controlling interest in a nickel project in Tanzania.

RMI's Chairman, Mr. William Mackenzie, said "While the Wowo Gap project in PNG has been the focus for RMI, the expansion into Tanzania with the acquisition of the prospective KNP represents a significant step forward for the Company."

Completion of the acquisition is subject to RMI completing due diligence and is expected to occur within the next week.

Further Information:

RMI is the 100% owner of the Wowo Gap nickel/cobalt project located 250km from the Company's existing Mambare nickel/cobalt project in Papua New Guinea. Corcel owns a AUD 4.76m senior debt position in RMI repayable in in September 2021 and January 2022.




Resource Mining Corporation Limited (ASX:RMI):

[haff1] 11/2/2021 09:30

...that's better....lets see a break though the 1.5 mark for a change...

[haff1] 10/2/2021 09:55

Good news...and the price drops??????

[helpfull] 10/2/2021 09:12

I'm beginning to worry this company is all about finding land contaminated with heavy metals. What are the clean up bills going to be like? Be careful.

[kemche] 10/2/2021 08:21

This is huuuuge news!
No stock available.
Whoosh!
etc

[dennisbergkamp] 10/2/2021 00:32

Lost this gem. Now I'll watch

D