Corcel Share Discussion Threads

[cyberbub] 08/4/2021 12:17

Ok fine. Just noted your tip over on FAR and doing a bit of research now....

[rmart] 08/4/2021 12:13

If you read the rns the loan can be converted to shares.

[cyberbub] 08/4/2021 12:11

How will they pay off a loan if they have no income (as per the accounts)?Just challenging Rmart, no need to be snappy :-)

[rmart] 08/4/2021 12:09

Mr Roper, They raised £300k in the placing and also took a loan for £300k, so they raised £600k in total. Cash burn is £20k to £30k moth so they have plenty of money. Ignore the placing talk as it is complete nonsense.

[bangbang1] 08/4/2021 12:08

“With the receipt of both planning and the grid connection, we are now able to finalise the land lease, assess final project economics and validate procurement timelines, all with a view to either initiating discussions with project funders (likely at an SPV level) or indeed to consider a quick sale of the project to a third party,” he added.


Funds could raised via sale of burwell

[mark10101] 08/4/2021 12:02

Cyber, see here



They have just raised with warrants at 2p that will bring more in then. The company has stated they want more value attributed to the progress so far before they raise further.

[kemche] 08/4/2021 12:02

"Quick look at their recent accounts, are they not going to be needing money very soon?"

Good question to which the following may prove useful:

This only in the last 15 months:

December 2019 - £830,000 placing
April 2020 - £470,000 placing
June 2020 - £220,000 placing
October 2020 - £750,000 placing
February 2021 - £300,000 placing

And therefore one has to ask:

6 monthly "Admin costs" £493k.
Loss for the six months £526k
Cash at bank at 31 dec 2020 £180k.
Cash raised so far - squillions.

WTF! Where is the money?????

Can anyone tell me what comes next?

[mr roper] 08/4/2021 12:02

Next raise will be done at higher prices.

Raised 300k two months ago to see it through the material news period.

Feb 8th
“The funds secured today are designed to minimize dilution at current levels as we approach multiple significant value inflection events."

[rmart] 08/4/2021 11:58

they have enough money for 12 months. So NO.

[cyberbub] 08/4/2021 11:57

Quick look at their recent accounts, are they not going to be needing money very soon?

[fillipe] 08/4/2021 11:49

CRCL - current bid/ask showing 1.3p v 1.5p, as I type.
1.5p been paid.

f

[rmart] 08/4/2021 11:49

MM's up to tricks again, can sell for 1.4 but they wont show it. Instead showing a large false spread. This should not be allowed.

[bangbang1] 08/4/2021 11:39

it appears corcel are listed on aqse market but unable to find them on there - can someone point me how to find them ?

[rmart] 08/4/2021 10:34

ticking up, 1.48 to buy, 1.35 to sell. Looks like a move coming.

[rmart] 08/4/2021 09:53

I know, to match MAST valuation we need to be around 8p. And that is based on just half of Burwell.

Mast have 3 developments totalling 20MW battery, Burwell is 50MW battery and 50MW Solar. And then we have Mambare (previously held a mkt cap of £40m alone), WoWo valued at A$168m and Dempster Vanadium.

It simply makes no sense and will correct itself soon.

[mark10101] 08/4/2021 09:33

RMART 2p would take us to the heady heights of £6m MCAP 🤣 interesting times ahead.

[rmart] 08/4/2021 09:29

No real fall back from 1.4 last time so now we should finally crack it and move on to 2p+ imo.

[mark10101] 08/4/2021 09:24

Full offer paid.

[mark10101] 08/4/2021 08:59

Just snagged some at 1.398, so doing my bit to move this on. HH’s post last night is a staggering valuation for something I would have no interest in owning, 20x the valuation of CRCL, just bonkers.

[rmart] 08/4/2021 08:27

Level2 is 5v1, break 1.4 this time and we run to 2p

[rmart] 08/4/2021 07:39

Only 4 trading days to mast listing at £23m with projects half the size of Burwell alone.

[the stigologist] 07/4/2021 20:41

Good consolidation above Moving Averages

Golden Cross incoming in days/weeks

[mark10101] 07/4/2021 19:23

Nice find HH, 20x valuation gap and I would still rather hold CRCL even if that gap closed tomorrow!

[hedgehog 100] 07/4/2021 18:46

RM,

Mast's IPO should see a healthy aftermarket, judging from the recent example of AMTE.

AMTE Power (AMTE) floated just under a month ago at 175 pence per share.

It's currently 277p - market cap. £95.68M.


23/03/2021 07:00 UK Regulatory (RNS & others) AMTE Power PLC Half-year Report LSE:AMTE Amte Power Plc

"AMTE Power plc ("AMTE Power", the "Company" and together with its subsidiary undertakings, the "Group"), a developer and manufacturer of lithium-ion and sodium-ion battery cells for specialist markets, announces half year results for the six months to 31 December 2020.

Financial highlights

-- Revenue of GBP0.62 million for the six months to 31 December 2020 (H1 19/20: GBP0.58 million).

-- Loss before tax of GBP1.46 million for the period (H1 19/20: loss GBP0.86 million), in line with management's expectations. The rise in losses reflects increased investment in product development, recruitment of key employees and marketing as the Group moves towards commercialisation.

-- Cash and cash equivalents at 31 December 2020 of GBP0.22 million (H1 19/20: GBP0.60 million).
Operational highlights

-- Secured new commercial contracts and grant funding in support of its product development work, winning ten new projects in the period with an aggregate value of GBP1.9 million (H1 19/20: won ten new projects with total value of GBP1.0 million). Seven of the ten projects are expected to complete by 30 June 2021.

Post period end events

-- In February 2021, the Group signed a framework agreement with UK Battery Industrialisation Centre ("UK BIC") enabling it to access the cell manufacturing facility, test its manufacturing processes for some of its battery cells, and materially expand its production capacity.

-- Completed a successful IPO with admission to AIM on 12 March 2021 alongside an oversubscribed placing to new and existing shareholders raising gross proceeds to the Group of GBP13.0 million. ..."