Corcel Share Discussion Threads

[mark10101] 21/3/2021 11:20

RMART, that was a pretty powerful takeaway for me.

[rmart] 21/3/2021 10:36

I really want to see some of the inherent NAV we have already created reflected in our valuation before we make the next big move. I don’t expect that to be too long!"

[rmart] 21/3/2021 10:33

18th March,

"Corcel is right in the middle of that space and looking forward to playing its part!

Since 2019 we have focused on sorting out the inherited legacy issues, and then turned our attention to building the strategic foundations for the future – this is swan paddling stuff, with lots of work going on unseen but we are really making progress now.

The focus at the moment is on achieving shovel ready status at Burwell, the battery storage site in Cambridgeshire, on securing a Mining Lease at Mambare, our first PNG Nickel deposit, and on unlocking Wo Wo Gap in conjunction with RMI (an ASX listed company where Corcel has a significant debt position).

So, scaling up is critical and that will come as we both broaden and deepen the portfolio – however, I really want to see some of the inherent NAV we have already created reflected in our valuation before we make the next big move. I don’t expect that to be too long!"

from here

[mark10101] 20/3/2021 22:10

I am with HH, no red flags that I can see, even if it is a solid guide to success anyway.

I was in a company where a new CEO came in and took 20% of the company, he was so adamant that he did not want to dilute the company and existing shareholders (I took as extremely bullish and it was my largest holding because of it) that he never did a fund raise (in fact he did did the opposite and retired death spiral finance). The company delisted without doing a raise when a funding agreement fell through and commodities crashed. The assets we were invested in have since gone on to deliver everything that was hoped for and then some. Unmitigated disaster

The key is to stay in the game, it looks like CRCL has done that, previous holders and even those that bought in at 3p on the rebranding are adement this is a total disaster, in a few weeks we could surpass that, I wonder what they will be saying then....

[hedgehog 100] 20/3/2021 21:44

There are only three directors, so on average they hold over 1% each, which is pretty material. (After all, it's a similar amount each to Rmart's!)
And if CRCL does as well as some other mining sector stocks over the last few years, the value of their holdings could potentially increase by millions each, which is certainly enough to incentivise them.

There are also options, which encouragingly are at multiple of the current share price:

"NUMBER OF OPTIONS IN ISSUE
Number Exercise Price Exercisable From Expiring
35,400 £0.4500 10.06.2016 28.01.2022
96,000 £0.8000 09.09.2016 08.09.2022
3,040,567 £0.0275 05.12.2019 04.12.2024
3,040,567 £0.0285 31.01.2020 30.01.2025"


Two of the directors also topped up their holdings just last month in the placing at 1.25p, which is a bullish sign.

So I certainly can't see any red flag on this issue.

[onedayrodders] 20/3/2021 21:22

disappointing to see the board with very little skin in the game and from the link above ..

Question : Directors remuneration has increased over the last 12 months and the board only hold 3.5% of the issued capital in stock

Not entirely convinced by the answer ..

Regarding Director investment, the reality is that the Directors are
restricted from investing either directly in the markets or as part of placings during a large
percentage of the year due to events such as accounts production or being inside on a potential
new transaction, among other reasons. Current AIM rules create a limited windows in which
Directors can actually invest, but it should be made clear that the Directors do intend to continue
to support the Company through direct investment whenever possible.

END

One of my red flags is when the board have no significant shareholdings, and the answer above is full of holes and waffle IMHO

They are defo in the right space at the right time, but CEO says investor Gold interest will end soon which again is rubbish IMHO

GLA

[hedgehog 100] 20/3/2021 20:59

With nickel coming to the forefront, CRCL's huge nickel project 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):

[mark10101] 20/3/2021 20:22

HH, great Nickel chart, I had not looked at it in that time frame, WOW...

[onedayrodders] 20/3/2021 20:21

thanks all

[hedgehog 100] 20/3/2021 20:13

Oilplayer2009@Oilplayer2009·Jan 17
"#CRCL (1.2p) Mambare #NICKEL project could contain $130b of resource - Corcel owns 41% stake - valuation taken from partner Oro Nickel website ...
Mine life already 30 years @ 40,000 tpa Ni output
Can grow up to 30 years @ 80,000 tpa Ni output"



The current nickel price is over US$16,000 per ton, so nickel output from Mambare of 80,000 ton p.a. would equate to about US$1.3billion p.a. of revenue at current nickel prices.

But it could be much more than that if nickel prices keep on rising, as they have been doing recently, driven by burgeoning batteries demand.

In 2007 the nickel price rose to over US$50,000 per tonne.

WisdomTree Nickel (NICK) exchange traded commodity price chart:

[hedgehog 100] 20/3/2021 19:55

Greekhovel18 Mar '21 - 08:53 - 17 of 76 0 0 0
"So Andy Zhang Chi, a billionaire & chums with Roman Abramovich has taken a material position in tiny Corcel PLC via Aurora Nominees Limited who hold 40,126,372 shares (12.49% of CRCL) in their client account.
Rather interesting.
"

the_debt_collector18 Mar '21 - 09:57 - 24 of 76 0 1 0
"Still under the recent placing price, I have suggested for some time Andy Zhang interest in Corcel is material, not many sub £4m valued AIM outfits can boast a billionaire as a major shareholder."


Thanks guys.

Andy Zhang Chi holds his position in CRCL through his company Sinom Hong Kong Ltd:

"SINOM GROUP is mainly engaged world-wide in developing and processing of metallurgical mineral resources, trading and logistics of metallurgical raw materials and products, and related engineering technical service and equipment manu-facture."


"... The mission of SINOM is to help the world share the first-class technology, equipment and service from China，and help China share the first-class technology, equipment and services from the world. SINOM believes in sincerity and upholds the principle of equality and mutual benefit. The Group always seeks win-win cooperation. SINOM welcomes friends from all over the world for our mutual benefits. SINOM will become your most excellent facilitator in China."


This relationship could be incredibly useful to CRCL in developing its huge nickel project.

[bambos22] 20/3/2021 18:43

Agree debt collector... The value inflection point is when the project is 'shovel ready' when I would expect Corcel to negotiate a residual percentage with free carry in the region of 3 to 6% plus development fees. The IPO of MAST will certainly bring interest here..Also anticipating Vanadium results imminently

[mark10101] 20/3/2021 18:37

ODR, as TDC says it is very likely it will be sold on, but reading this it suggests it will be operational in 2022, I believe there is nothing stopping it selling KWHs on the open market. I suspect applying for the government schemes now will make it more attractive to a buyer.

“The Burwell Project is expected to begin operations in 2022, and as such the project will be entered into the Capacity Market auction for 2025, which would provide a fixed guaranteed source of revenue for the project over a 15-year initial period. ”

[the_debt_collector] 20/3/2021 18:22

I personally believe, having been party live to the last two Corcel online communication events, the aim is to get Burwell to 'shovel ready' status and then sell it, there appears to be a willing buyer (or buyers) but the favourite IMO is Mast Energy, who are shortly listing on the Main Market with a market cap of £20m+

Not withstanding the possible sale of Burwell (it could fetch £3m-£5m) the current market cap of Corcel is around 7 times lower than Mast Energy but Corcel also have the Nickel projects.

The shrewd are buying into Corcel anticipating a major re-rate, the BOD have hinted the company is significantly undervalued and that will soon change.

[onedayrodders] 20/3/2021 18:04

chaps .. just having a look at CRCL ... what is the nearest term income stream from their various projects.

The flexi grid appears to be 2025 ... or am I missing something

The Burwell Energy Storage project is expected to begin operations in early 2022, and intends to enter the Capacity market in 2025, providing a fixed and guaranteed source of revenue over an initial 15-year period.

So does that mean near term catalyst would be Nickel mining at Mambare, assuming licence arrives, and when would that be ?

Vanadium is further out so not an immediate factor.

Just trying to work out what near term catalysts for investor / share price excitement

[mark10101] 20/3/2021 17:06

Thanks Bambos, great find with some strong hints at the direction of travel here.

[bambos22] 20/3/2021 16:21

https://www.google.com/amp/s/www.proactiveinvestors.co.uk/companies/amp/news/944275

[bambos22] 20/3/2021 16:21

Recent Proactove interview about Coro Energy.. He spent more time talking about Corcel.. Wink Wink.. News incoming

[rmart] 20/3/2021 15:00

bambos22, where is that from please?

[bambos22] 20/3/2021 13:44

Parsons a couple of days agoQ: How quickly can you build scale with firms like Corcel, which clearly have an interesting platform on which to grow?Corcel is, in my view, one of the "yet to be recognised" early leaders of the energy transition in the micro-cap space. We operate at the intersection of battery metals mining and its end-use in energy storage with a portfolio focused on first acquiring battery metal resources prior to the widely expected structural price hike and secondly generating low risk cash flow from energy storage and trading via batteries.   If we were directing a movie of the 2020/21 energy landscape, I would suggest a suitable working title to be "The Rise of Batteries". Corcel is right in the middle of that space and looking forward to playing its part!  Since 2019 we have focused on sorting out the inherited legacy issues, and then turned our attention to building the strategic foundations for the future – this is swan paddling stuff, with lots of work going on unseen but we are really making progress now.   The focus at the moment is on achieving shovel ready status at Burwell, the battery storage site in Cambridgeshire, on securing a Mining Lease at Mambare, our first PNG Nickel deposit, and on unlocking Wo Wo Gap in conjunction with RMI (an ASX listed company where Corcel has a significant debt position).   So, scaling up is critical and that will come as we both broaden and deepen the portfolio – however, I really want to see some of the inherent NAV we have already created reflected in our valuation before we make the next big move.  I don't expect that to be too long!

[rmart] 20/3/2021 08:22

Any newbies here please read the first 4 questions on this q and a and you will see why the share price is going to multibag.



"The clear and obvious overlap of interests with Sinom was one of the major drivers of this transaction. Sinom being a long-time supporter and funder of RMI and its WoWo Gap nickel project, clearly believes that development of these assets will pay off in a major way in the future, and that this payoff was likely to be even larger by combining the WoWo project with Corcel’s own Mambare project, building a sizeable regional nickel player, with the influence and scale required to bring such projects into production. If you look at the structure of the transaction,

Sinom has become a major shareholder of Corcel, and a large part of Sinom’s consideration is built into these locked-up shares in Corcel, meaning not only are our interests very aligned,

but Sinom clearly believes that once the transaction completes, his shares in Corcel will more than make up for the sizeable discounts (~AUD1.7m paid for AUD4.7m of debt) applied to the debt at the time of the transaction. Almost 60% of Sinom’s consideration is in Corcel equity, so their returns require Corcel’s share to perform, as they believe it will.

As the projects are progressed, Sinom is further expected to be involved in both acquiring offtake partners in China and in funding development of these projects to the point of exit or production as ultimately desired."

[rmart] 19/3/2021 17:38

and a nice £20k buy at 3.10pm

[bambos22] 19/3/2021 17:30

Full hammer on the close