Corcel Share Discussion Threads

[hedgehog 100] 10/3/2021 20:52

Upward momentum builds in vanadium market

Published date: 16 February 2021

Vanadium market participants are becoming increasingly bullish in their outlooks for demand and prices, anticipating growth from both traditional and emerging end-use bases, along with price gains. ...

Batteries inject upside price risk

While the steel industry still dominates the vanadium demand base, growing attention is being given to the development of vanadium redox flow batteries (VRFB) and analysts caution that their medium-term ferro-vanadium price forecasts might turn out to be conservative if VRFBs take off faster than expected.

Australia's Atlantic Vanadium is also upbeat on the outlook for VRFBs and its impact on global vanadium demand, building a 7,600 t/yr operation to sell 99.6pc grade material by 2023.

Atlantic expects the battery sector to account for 50pc of demand by 2025 — a rapid rise given batteries accounted for just 0.3pc of vanadium consumption in 2020. ...

[kemche] 10/3/2021 20:51

Report already issued by a PhD student?

[hedgehog 100] 10/3/2021 20:47

CORCEL OWNS A 50% INTEREST IN THE DEMPSTER VANADIUM PROJECT IN THE YUKON, CANADA

KEY FACTS

Vanadium Deposit

Located in Northern Yukon, Canada

50% Project Interest

196 mineral claims with vanadium rich metalliferous black shales (BSV)

Excellent infrastructure: highways, access to ports, fuel delivery and labour

[kemche] 10/3/2021 20:40

Utter hogwash.
And he knows it too.
Cue ad-hominem.
Always the player and not the ball.

[hedgehog 100] 10/3/2021 18:40

Regency Mines' James Parsons on his new challenge in the battery metals arena

Proactive Writer
15:04 Thu 05 Dec 2019

"It fits on multiple levels including thematically as the world transitions to electric vehicles and a lower carbon economy and therefore requires investment in batteries and specifically battery metals to enable that," the new chairman-elect said in Q&A supplied by the firm

First of all, congratulations on your new role announced at Regency Mines. Why Regency?

I see my skill set primarily as a micro-cap turnaround and growth specialist. I have been messaging for some time my plan to go back to those micro-cap roots and launch a new vehicle, building on those skills, the learnings of the past and our connectivity to cornerstone investors. Regency Mines PLC (LON:RGM) is my chosen company….. it fits on multiple levels including thematically as the world transitions to electric vehicles and a lower carbon economy and therefore requires investment in batteries and specifically battery metals to enable that.

Regency provides now, post the recent financial restructuring, I believe, the right entry point for myself and my investors. It has a diverse legacy new energy portfolio, including the Mambare battery metals project in PNG where I see previously hidden value, and is operating in a sector with strong core growth and huge opportunity. I’m not here to pretend Regency’s history isn’t a little “messy” but I see opportunity from this starting point, and I intend to spend the coming years building this company as an executive through a blend of organic development and acquisition. ...

[soulsauce] 10/3/2021 18:24

No problem Hedgehog each to their own.

[hedgehog 100] 10/3/2021 18:23

From Grimreaper's ADVFN profile:

"grimreaper2019
Member since: 11 Nov 2019"


Another multihandled troll reinventing himself with a new user name.

What a hypocrite he is: attacking the track record of others, while hiding his own!!

He has no credibility.

Genuine posters, with a good track record, such as myself, don't need to HIDE it.

[hedgehog 100] 10/3/2021 18:17

I would add Soulsauce that it is higher cost mining projects which are more geared to changes in their commodity prices.

Which means that increasing nickel and cobalt prices will have a greater % impact on the value of Mambare than with lower cost projects.

That's precisely why its projects like Mambare that you want to back at the bottom of the mining cycle, like now, as they're the ones that can deliver the biggest percentage gains.

The lowest cost projects tend to be developed first, but as they're worked out the market has to turn elsewhere to meet soaring demand.

Soaring prices completely transform the economics of a project like Mambare.

[hedgehog 100] 10/3/2021 17:55

Soulsauce,

People have made similar arguments about much of the third world, but at least Papua New Guinea is a democracy with rule of law.

Moreover, it is ideally located for the major markets of China and Australia.

Certainly, the mining industry there seems to be doing well, and the government will be keen for this to continue.

And that means supporting projects like Mambare.

"Mining
Minerals share a significant portion of PNG’s economy and has long been a pillar of the country’s economic growth.

Since 1970, the mining industry has dominated PNG’s economy. Mineral exports are gold, copper, silver, nickel and cobalt. PNG mines are spread across the country, the largest of which include: Ok Tedi Copper and Gold Mine, Porgera Gold Mine, Lihir Gold Mine, Hidden Valley Gold Mine, Simberi Gold Mine, Tolukuma Gold Mine and Ramu Nickel Mine. ..."

[soulsauce] 10/3/2021 17:37

The trouble with Mambare is:-

a) it's in one of the most unruly and corrupt countries in the world.
b) the nickel is buried in very heavy clays.

If it was worth that sort of money it would have been mined a long time ago. The reason it hasn't is because there are still many easier prospects around the world.

[kemche] 10/3/2021 17:15

:)

Ever the same!

[hedgehog 100] 10/3/2021 16:31

CRCL's Mambare nickel project could contain $130b of resource, so could be a real target for majors, which could see it acquired for a relative fortune.

For example, southern Africa uranium mining company Uramin was founded by Stephen Dattels and Jim Mellon in 2005 with just $100,000.
It floated on AIM in 2006, and was sold to Areva in 2007 for circa £1.6 billion.

Uramin (UMN):

[hedgehog 100] 10/3/2021 16:22

grimreaper20197 Mar '21 - 09:17 - 544 of 548 0 2 0
"Whatever they have done/doing has not worked, fact is in under 2 years the shares have lost 60% of their value, that's in a sector BULL MARKET. ..."


Oh dear GR, facts aren't you're strong point, are they!

For most of the last two years base metals have been in a BEAR market.

And certainly when the RGM share price was falling from over 3p to under a penny, there was a bad bear market in play, when the sector as a whole was tanking.

It's only really in the last few months that base metals have taken off, and during this period the CRCL share price has risen.


And of course mining exploration-development projects are often years away from producing revenues: but as exploration-development milestones are passed they can still increase in value exponentially, and get bought out, before even a penny of revenue is generated from them.
Especially in a bull market of the type that is just starting.

And nickel looks like an ideal choice:

"Nickel is a standout winner from a decarbonising world."

[kemche] 10/3/2021 16:13

Hedgehog, Trust you are keeping well and in fine fettle.
I believe that RMS will be as successful, if not more, than Aero.

[grimreaper2019] 08/3/2021 16:00

Kaintz & Co are experts at playing the LONG game, look at the projects Corcel have....

Wo Wo Gap Nickel, very long lead time project to bring any material value
Mambare Nickel, ditto, same as Wo Wo Gap
Dempster Vanadium, same as the above

All three projects need significant spend and are years away from delivering any revenue or value.

The only project that MIGHT bring revenue (not this year) is in the energy suite, problem is no-one knows what (a) £ it can generate and (b) what it can be sold for

On re-branding they could have acquired a far more near term project (e.g. like Wishbone) but decided to rumble on with these stale legacy projects. Perfect for the BOD but not for shareholders or prospective investors.

How easy, sit around all day bagging significant salaries with a suite of ultra long lead time projects that need nothing doing then dangle the Burwell 'carrot' to entice a few to buy the energy story, then place, raise cash, rinse and repeat etc

How can anyone seriously be happy with the progress made, notwithstanding the 60% share price fall in 18 months, do the muppet major shareholders really believe Kaintz is the man to restore their horrendous losses - no chance, he should have been booted with Bell.

[kemche] 07/3/2021 10:44

"Lets see what next week bring with the S&P having the biggest intraday reversal in 10 years on Friday and $1.9T in stimulus finally past."

That will have a huge bearing on Core Sell.

[mark10101] 07/3/2021 09:40

Grimreaper, you may be right but the potential here is huge and the sentiment is allowing quite an exceptional risk rewards at this level imho. I doubt anyone will be able to buy at 1p, the MM were just playing with the price to print the 1p.

Lets see what next week bring with the S&P having the biggest intraday reversal in 10 years on Friday and $1.9T in stimulus finally past.

[grimreaper2019] 07/3/2021 09:17

Whatever they have done/doing has not worked, fact is in under 2 years the shares have lost 60% of their value, that's in a sector BULL MARKET.

Shareholders have a right to demand answers and upside therefore, the last raise was conducted by a pure bucket shop broker who has no interest in the company. The shares now trade 25% BELOW the last placing.

Kaintz is not worth £175,000 a year, an obscene salary for a person who has been a integral part shareholder value destruction both at Regency and Red Rock (with Bell)

Fools and money are easily parted, until something material comes to demonstrate value then Corcel shares are simply a trading play, buy at 1p sell at 1.5p

[helpfull] 07/3/2021 09:10

All of these projects and yet what revenue has been produced? How much nickel has been produced? How much vanadium? How much electricity? Where is Southport? The only question that there is an answer to is: when's the next cash raise? We all know the answer. Soon! Be careful

[kemche] 06/3/2021 21:53

Oh my sides!

[hedgehog 100] 06/3/2021 20:45

Anybody who can't recognise the massive progress under the new regime must be blind &/or incredibly stupid, so let me set it out to kill this lie once and for all.
The degree of progress in such a relatively short space of time, much of it covered by the pandemic, has been simply breathtaking, and shows just how good the new management here is.

1. MAMBARE NICKEL-COBALT PROJECT.

The historic partner dispute has been settled, and the first exploration work conducted there for nearly a decade.
This is clearly a quite massive leap forward.
All the costs, time, and uncertainty of the dispute have been removed, and with it the risk of CRCL potentially losing the project entirely, which can sometimes happen in a dispute.
And the partners, instead of burning their time and money fighting over the project, are now instead working together to progress the project.
This is clearly infinitely better.

01/12/2020 07:00 UK Regulatory (RNS & others) Corcel PLC Final Results
"On 7 April 2020, the Company successfully resolved a historic partner dispute and announced the terms of a settlement covering historic expenditures, which saw the Company reduce its immediate interest in Mambare to 41% and pay USD 50,000 in cash, issue 4,909,610 new ordinary shares and issue 4,909,610 warrants to its partner, Battery Metals Pty Ltd, who simultaneously waived all claims. The parties, at the same time, executed an amendment to their development agreement and are now aligned and working productively together.
The Company also conducted, during the period, the first exploration activities at Mambare since 2012, ..."


2. WO WO GAP NICKEL-COBALT PROJECT.

Acquisition of debt that could well be used as leverage to acquire some/all of the Wo Wo project from RMI, who last month acquired a nickel project in Tanzania.
An independent valuation of the WoWo Gap project was conducted in 2009 and valued the project at AUD 168m. But that was at the bottom of the mining cycle, so the potential valuation now is far higher.

01/12/2020 07:00 UK Regulatory (RNS & others) Corcel PLC Final Results
" ... With a view to acquiring battery metal resources, prior to the expected structural price increases, and introducing a second PNG project that is potentially highly complementary to Mambare, the Company announced on 7 April 2020 the partial purchase of the corporate debt of Resource Mining Corporation Pty Ltd (ASX: RMI) ("RMI"), the 100% owner of the WoWo Gap nickel-cobalt project in Papua New Guinea ("PNG"). RMI currently has a renewal application pending, covering the EL1165 exploration license, encompassing the WoWo gap project. The acquisition involved the Company purchasing AUD 1.7 million of debt in RMI for a consideration of GBP178,096 cash and 13,288,982 new ordinary shares of the Company (representing a 62% discount to the face value of the debt or at full face value an effective issue price of Regency Mines Plc shares of 5 pence, a 376% premium to the prevailing share price. ..."


3. BURWELL BATTERY STORAGE & SOLAR PROJECT.

Acquisition of the Burwell battery storage & solar project, completion of a positive project economic review, and receipt of both planning permission and a grid connection for the project.

01/12/2020 08:00 UK Regulatory (RNS & others) Corcel PLC Burwell Battery Storage Partner Buyout
"Corcel Plc, the natural resource exploration and development company with interests in battery metals and flexible grid solutions, is pleased to announce an update on its Burwell battery storage and solar project (the "Burwell Project"), including the completion of its project economic review and the buyout of the other 50% shareholders. ..."


4. DEMPSTER VANADIUM PROJECT IN THE YUKON, CANADA

Exploration program conducted which yielded exceptionally good results, to provide multiple accessible targets for near term drilling.

14/01/2021 07:00 UK Regulatory (RNS & others) Corcel PLC Dempster Vanadium - Exploration Results
" ... Scott Kaintz, Chief Executive commented: " We are quite pleased with these exploration results from Canada. The rock and soil results are exceptionally good, indicating the presence and grade of the Canol Formation and enabling good formation tracking. We expect to have multiple accessible targets for near term drilling." ... "

[hedgehog 100] 06/3/2021 19:54

GR,

It's pretty unusual for a listed company director to be a director of only one company - some have several directorships or more.
And being a non-executive director can be a very time-light part time role, so I don't see an issue with CRCL directors having directorships elsewhere - on the contrary.

As regard the s.p.: the directors don't control that.
They've delivered a big increase in underlying value over the last year, and for the moment the share price doesn't reflect that, which isn't unusual, but it will in due course.

Didn't you notice Parsons & Kaintz buying shares in the premium placing a couple of weeks ago?
And note that the warrants with that placing are a 2p - nearly double the current s.p.:

18/02/2021 07:00 UKREG Corcel PLC Fundraising, Directors' Dealings and TVR


It seems to me that that there are a few aggrieved & embittered shareholders from the old Regency Mines days, who don't seem able to recognise the turnaround that's taking place here under the new regime.

Regency Mines (RGM):

[grimreaper2019] 06/3/2021 18:43

I see they are getting restless over at RRR with some wanting Bell out, I noticed that Kaintz is still listed as a Non Executive Director at Red Rock, these two really are joined at the hip are they not.

Why is Kaintz still involved with Red Rock (OK lining pockets comes to mind) but surely he should only be involved with Corcel, why the major shareholders that instigated change at Corcel never removed Kaintz with Bell is anyone's guess.

It is way past time this company delivered something beyond the usual hot air and wind, in December 2019 they raised cash at 2.75p a share, the shares now trade at 1p, Kaintz woeful performance continues unabated.

Parsons continues to remain well under the radar.