Corcel Share Discussion Threads

[someuwin] 12/4/2021 14:46

Amazingly cheap.

[rmart] 12/4/2021 14:45

shaken to fill buy orders by the looks of it. Nice.

[rmart] 12/4/2021 14:13

mm's have to get stock somehow. Moving back up now but they will try again as we move upwards. Nothing goes up in a straight line, you just have to be strong to multibag. That is why most done ever do it.

[kemche] 12/4/2021 13:22

Monecor still buying in the background.

GLA LTH'ers!

NT to buy.

5p by cop?

[mark10101] 12/4/2021 13:20

Agree RMART, as aim charts go the major resistance is way behind us and what faces us may not even act as resistance if news comes. No interest to me just a minor discussion point.

[rmart] 12/4/2021 13:08

Possibly as warrants will be taken too but if we get progress at Burwell or Mambare I think the resistance will be easily overcome.

[mark10101] 12/4/2021 12:56

RMART I think there will be a little consolidation around 3p as those who are happy to get out flat from their investment from Jan last year create a little resistance. But from a chart point of view to have so little and minor resistant points is a big reason I think it could really fly in the coming weeks.

[rmart] 12/4/2021 12:53

Level 2 gone to 4v1. Smash past 2p for the nice easy ride to 3,4,5, etc.

[mark10101] 12/4/2021 12:49

Wait a few weeks Stig, it will feel much worse 🤣

I don’t think I have ever built a position in something that is so materially undervalued based on the information I have researched. One of my holding from last year that I am still in is nudging 10x today and I was pretty confident there. This feels that it is a different beast.

[the stigologist] 12/4/2021 12:45

Getting FAR type regret i haven't bought enough

[rmart] 12/4/2021 12:19

Clear run to double figures here imo.

[rmart] 12/4/2021 12:08

L2 ticking up, only 1 mm on 1.8 and NT to buy under 50k again

[rmart] 12/4/2021 11:26

10p is def on the cards, so £37m with all warrants taken imo.

[mr roper] 12/4/2021 11:23

Somewhere between 7p (mkt cap - approx £25m)and 27p (mkt cap - approx £100m) would be my thinking.

[thiopia] 12/4/2021 11:21

Burwell £10m ? £20m ?
Mamnare £40m
Wowo $150-600m ?

= umm? Definitely not £5-6m

[rmart] 12/4/2021 11:15

That would be 370m shares in issue. At 2p share price £7.4m, about 5 times under valued

[babbler] 12/4/2021 11:12

What is fully diluted mcap assuming all warrants(when price over 2p) are taken up. That's the key value...srill means upside as need 2p plus to covert them.

[mr roper] 12/4/2021 11:05

Mispricing opportunities like this don’t come along often so it’s worth taking advantage when they do. I’m hoping that Masts ipo goes very well and it’s bid up. Crcl should continue its upwards trajectory either way.

[rmart] 12/4/2021 10:56

there is no way on this earth that Corcel should be valued less than Mast. In fact we should at a minimum of twice Masts value.

Mambare alone once held a £40m market cap and that is about to kick off again soon with a 20 yr mining lease.

Burwell is twice the size of all of Mast's projects put togather and then we have A$4.6m owed to us by Regency and we will probably get WoWo for that. Then we have 50% of Dempster vanadium !

It is frankly a silly markey cap at present.

[hedgehog 100] 12/4/2021 10:49

The KIBO share price has been doing well - up from 0.19p at the end of December to its current level of 0.5p - market cap. £11.74 million.

KIBO only has part-ownership of Mast though, even before its IPO, whereas since 1st. December CRCL owns Burwell 100%.

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.

The Mast valuation suggests that Burwell is worth multiples of CRCL's current market cap.

[hedgehog 100] 12/4/2021 10:36

So it could be that Mast will participate in a 'bidding war' for CRCL's Burwell project.

[hedgehog 100] 12/4/2021 10:34

I think that CRCL certainly has something that Mast will want, and need.

Mast Energy Developments (MED) is KIBO's UK reserve power subsidiary - and has achieved a very positive price for its IPO, 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.

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.