Corcel Share Discussion Threads

[the stigologist] 18/4/2021 14:10

May or may not be an interesting data point

CRCL Telegram group has only 50 participants. (Compares with likes of ALBA / ORR c.200+ and likes of AVCT / SNG / DDDD 500+)

CRCL despite an almost 100% rise in a month has had very little 'retail' participation as of yet. I think this is a function of its history as an Andrew Bell 'lifestyle' vehicle so people treating it with serious (and deserved) scepticism. I have to say I have hated it for years in its former guise as RGM but 'when the facts change, i change my mind'

[thiopia] 17/4/2021 18:01

The 42p target wont take into account synergies between Mambare and Wowo so 50/60/70/80 not out of the question

[hedgehog 100] 17/4/2021 16:39

"Mining boom could herald commodity 'supercycle'

Analysis: soaring price of copper and nickel raises hopes for investments in clean energy

Jillian Ambrose Energy correspondent
Wed 17 Feb 2021 19.38 GMT

It is known as a “supercycle” – and there have only been four in the past century. The term defines periods when commodity prices enjoy an extended boom, and this week’s multibillion-dollar windfalls for mining company investors suggest a fifth supercycle is on its way.

Indeed, there are signs it may have already begun. In recent weeks the price of iron ore, which is used to make steel, surged by more than 85% to reach highs not seen in almost 10 years.

The market price for copper, used in electrical wiring, has followed suit by climbing 80% since last March to reach a nine-year high. Meanwhile, nickel is trading close to 17-month highs and cobalt is at close to two-year peaks. ...

The next 30 years are “likely to bring a supercycle in investments in clean energy infrastructure, clean transportation and everything else that is required to make the green transition possible”, he said.

From China’s five-year plan to Europe’s Green Deal and Joe Biden’s economic stimulus plan, policymakers are looking to redistribute economic benefits, help the environment and create versatile and resilient supply chains, according to the US bank Goldman Sachs.

The bank raised the prospect of a long-running bull streak for commodities at the end of last year. It warned that as governments ushered in a new era of policies to help economies recover from the pandemic, the next supercycle could echo the commodities boom in the early 2000s led by the sharp growth of the emerging Bric economies (Brazil, Russia, India and China).

Big infrastructure projects are a tried and tested way to stimulate growth and spur employment. If these projects are green, such as windfarms or electric vehicle charging networks, they can help to tackle the climate crisis too. Both strategies require large amounts of metals including iron ore, copper, cobalt and lithium.

Daniel Major, an analyst at Swiss bank UBS, said the roll-out of electric cars and shift to cleaner energy were “the key megatrend for commodities” in the years ahead.

A boom in such technologies could also accelerate demand for cobalt, nickel and copper, which are used to help make car batteries, charge cars, and distribute and store electricity.

As mining companies begin to turn away from coal and towards the metals that help to drive a green recovery, more shareholder windfalls may follow."

[mark10101] 17/4/2021 15:22

Perfectly possible Kemche, but let’s get Align’s target under our belt first. Good to see you are starting to grasp the potential here though.

[hedgehog 100] 17/4/2021 14:13

Corcel director Ewen Ainsworth was a director of GKP from 24.1.08 - 16.6.14.

During that period, the GKP share price doubled ... but nearly 100-bagged at one point, in three years, from low to high.

24/01/2008 13:11 UK Regulatory (RNS & others) Board Changes LSE:GKP Gulf Keystone Petroleum Ltd
"Gulf Keystone Petroleum (AIM: GKP), an independent oil & gas exploration company
operating in Algeria and the Kurdish Region of Iraq, today announces the
appointment of Mr. Kristian 'Ewen' Ainsworth as Finance Director of the Company
with immediate effect. Mr. Ainsworth replaces Mr. Jon Cooper who stepped down
as Finance Director and as a Board member following the expiry of his notice
period also on 23 January 2008. ..."


16/06/2014 07:00 UK Regulatory (RNS & others) Gulf Keystone Petroleum Ltd. Directorate Change LSE:GKP Gulf Keystone Petroleum Ltd
"Gulf Keystone Petroleum Limited ("Gulf Keystone" or the "Company") today announces that Finance Director Ewen Ainsworth will leave the Company to pursue other interests on 17 June 2014.
A search for Mr Ainsworth's replacement is underway and potential candidates have been identified. While that search is concluded, Mary Hood, the Company's Financial Controller will serve as acting Chief Financial Officer.
Gulf Keystone's Chairman Simon Murray explained: "Over his six years with Gulf Keystone Ewen has played a key role in the Company's growth and we thank him for his dedication. Now, with our main market move and recent US$250 million bond financing behind us this is a good time to make a transition."
Gulf Keystone's CEO Todd Kozel added: "Ewen was instrumental in securing the financing for the initial exploration activities which ultimately resulted in the Shaikan discovery. More recently, Ewen helped build the financial infrastructure to support the Company's transition from an exploration company to a production company, and to obtain the financing required to fund Gulf Keystone's future development plans." "

[kemche] 17/4/2021 13:02

Stig,

Plugging in £80m and $200m into the Sum of the Parts gets you to ... a 84p target price

So still quite conservative I would say.

And Align "research" - one of the finest out there. So there is that too.

[the stigologist] 17/4/2021 12:56

CRCL Corcel

Very pleased to be on top of the Master RSI UPS thread leaderboard for April but still think the chart and fundamentals plus upcoming newsflow suggest potential for more upside



We've just had a Golden Cross on EMAs after breakout above 50 and 200 day Moving Averages

I bought more at 2p this week

Align Research came out with a 12.9p target this week but looking under the bonnet of their Sum of the Parts Valuation I can easily get to much higher valuations based upon previous valuations of key assets such as Mambare and WoWo which in the last mining cycle were valued at £40m and $100m+ respectively versus Align valuing them at £4m and £2.5m !

Plugging in £40m and $100m into the Sum of the Parts gets you to ... a 42p target price

[the stigologist] 17/4/2021 12:55

CRCL Corcel

Very pleased to be on top of the Master RSI UPS thread leaderboard for April but still think the chart and fundamentals plus upcoming newsflow suggest potential for more upside



We've just had a Golden Cross on EMAs after breakout above 50 and 200 day Moving Averages

I bought more at 2p this week

Align Research came out with a 12.9p target this week but looking under the bonnet of their Sum of the Parts Valuation I can easily get to much higher valuations based upon previous valuations of key assets such as Mambare and WoWo which in the last mining cycle were valued at £40m and $100m+ respectively versus Align valuing them at £4m and £2.5m !

Plugging in £40m and $100m into the Sum of the Parts gets you to ... a 42p target price

[moizz] 17/4/2021 09:18

Does anyone know the number of outstanding warrants and at what price they are exercisable? Can't seem to find this, the website has a number mentioned but nothing about when they can be exercised.

[kemche] 16/4/2021 17:20

Oh how I love a parabolic graph - however unrelated and "disconnected" it may be.

Wobble.

[hedgehog 100] 16/4/2021 16:14

And GKP's most successful period started just after the credit crunch, when massive stimulus spending by governments fuelled a resource sector boom in 2009-2011.

History is now starting to repeat itself, with the COVID-19 pandemic triggering more massive stimulus spending by governments.

But this time with a greener focus, which is making the world desperate for large scale battery storage projects like Burwell, to help the shift to renewable energy.

Note also that Corcel's forerunner Regency Mines also enjoyed its best period in that stimulus boom about a decade ago.

Regency Mines (RGM):

[petebreeze37] 16/4/2021 16:05

Multi bagged on a pack of lies, no sorry, I meant poetic licence.

[hedgehog 100] 16/4/2021 15:48

GKP is just another company that disappointed when the oil price crashed.

But it actually nearly 100-bagged before that.

Gulf Keystone Petroleum (GKP):

[the stigologist] 16/4/2021 15:45

Goodbye. We'll just have to enjoy the upside ourselves.

[petebreeze37] 16/4/2021 15:24

I like the idea behind this company but like others have said it will require a lot of capital to complete it. Also, I know Ewen Ainsworth from Gulf keystone early days and it raped it's Investers, making sure their pocket's were lined. I'm not sure what involvement Ainsworth had but he was a top director in the business, so that gives me reservations about him being involved

[hedgehog 100] 16/4/2021 15:05

"UK’s total pipeline of battery storage projects now stands at over 16 gigawatts

05 February 2021
Posted by: Rob Norris

RenewableUK’s latest Energy Storage Project Intelligence report shows that more than 16.1GW of battery storage capacity is operating, under construction or being planned in the UK across 729 projects.

Our last report, published in December 2019, identified a total pipeline of 10.5GW across 600 energy storage projects. The market has developed rapidly; in 2012 applications stood at just 2MW.

Batteries play a key role in our modern flexible energy system, helping grid operators to finely balance the supply of electricity to meet demand, and providing extra resources when needed, for frequency response for example.

The new document reveals that 1.1GW of battery storage capacity is currently operational compared to 0.7GW identified in December 2019. A further 0.6GW is under construction, 8.3GW of capacity is consented and 1.6GW is in the planning system. 4.5GW are identified as being at an early stage of development for future submission into the planning system.

Secondary legislation came into force in December allowing local planning authorities to determine projects with a capacity of over 50MW in England and 350MW in Wales. Previously these were determined by central Government, making the process longer and more complex. The change came about after Government acknowledged that data submitted by RenewableUK from our Project Intelligence service demonstrated that the 50MW cap was imposing an artificial ceiling on the capacity of battery storage projects.
RenewableUK has identified 3 projects which have since been submitted for determination by local planning authorities with a capacity of 100MW each. ..."

[hedgehog 100] 16/4/2021 14:16

22/09/2020 07:00 UK Regulatory (RNS & others) Corcel PLC Burwell Site - Planning and Grid Connection LSE:CRCL Corcel Plc

Receipt of Planning Permission and Grid Connection at Burwell Site

22 September 2020

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.

Planning Approval

The Company also announces that the landlord of the Burwell site has received from the East Cambridgeshire District Council planning permission for a 50MW energy storage development. The permission covers the existing factory and the surrounding land at the Burwell site, and specifies the installation of the main battery and a 132kV transformer on an adjacent hard stand.

Scott Kaintz, Chief Executive Officer, commented:

"I am delighted to report material progress at our Burwell project. The project as permitted is over 3 times larger than originally envisioned and now incorporates both energy storage and solar production. Once constructed, the Burwell project will be a very sizeable part of the energy network in the Cambridge area and will generate very significant cash flows for all shareholders of WDD.

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.

Advancing projects such as these is a key element of Corcel's strategy, and providing flexible grid solutions remains on-trend with the evolution of the UK energy grid and its future requirements. We look forward to releasing further updates in due course."

Note1: Connection works that can only be carried out by the distribution network operator for the safety and security of the distribution network.

[mark10101] 16/4/2021 14:13

Yes they have planning permission and the grid connection.

[wilpex] 16/4/2021 14:02

Unless I am mistaken I thought that they already had planning permission.

[hedgehog 100] 16/4/2021 13:48

Wilpex,

CRCL could potentially go for a 'hybrid' approach: i.e. some sort of joint venture, with the partner providing the development funding in return for a stake.

This would leave CRCL with more available funds to pursue its pipeline of such opprtunities.


"REVISION OF PRICE TARGET TO 12.91P.

... Corcel is investing in energy storage/renewable projects to provide critical services to the UK grid as it transitions from coal/nuclear generated power to renewables. The initial 100MW energy storage at Burwell, Cambridge is strongly backed by a major pipeline of projects that are under review.

Corcel is establishing itself as a developer of UK based energy storage and flexible power generation projects. There are impressive opportunities arising in providing flexible grid solutions (FGS) in the UK as the energy mix transitions from base load generation provided by coal and nuclear power generation to become largely reliant on renewables. The company is seeking to invest in projects and infrastructure required to provide critical services to the UK grid to flexible power generation and storage to smooth grid volatility and maintain system stability.

Corcel has a strategic partnership with ion Ventures Ltd which is an investor in and also a developer of energy storage and flexibility assets. Ion’s business model involves originating and developing energy storage projects. Following the financial close for individual projects, ion generates earnings through yield from its carried interest and management fees earned by having a continuing role as project manager and operator of assets. The ideal project is one with a good quick grid connection and a decent lease on the site.

On the flexible grid solutions side, Corcel’s flagship project is the 100%-owned Burwell Project which is a 100MW (50MW of energy storage and 50MW of solar) project located outside of the town of Burwell in Cambridgeshire. Already, the land lease heads of terms are in place and the grid connection is secured. The project owns the last 100MW 132KkV connection available at the substation there and there are multiple expansion options including solar and storage. Planning could be gained here shortly making the project shovel ready, which is a pretty big inflexion point as at that stage the project could then be sold, funded or new partners could be brought in. ..."

[wilpex] 16/4/2021 13:33

The Burwell Energy Project is extremely exciting, however I am a little concerned by the sheer size of it. My best guess is that it'll cost 40 million to complete. I'd be interested to know what you all think, as I would favour a "quick" sale over further dilution, debt or more bureaucracy.

[hedgehog 100] 16/4/2021 13:01

TGR's large fund raising today shows that quality batteries metals companies are findng it easy to raise funds at the moment.
The 90p placing price was double TGR's 45p IPO price in December, and was at only a small discount.

And although the TGR s.p.very briefly dipped to 92.5p after opening, it has already rebounded to 96p as investors appreciate the positives.

16/04/2021 07:00 UKREG Tirupati Graphite PLC Oversubscribed Placing to Raise GBP10 million
"Oversubscribed Placing to Raise GBP10 million to Fast Track Development Plan
Optiva Securities Limited is Acting as Sole Broker to the Placing
Tirupati Graphite plc, the fully integrated, revenue generative, specialist graphite producer and graphene developer with operations in Madagascar and India, is pleased to announce a placing with institutional and other investors (the 'Placing') of 11,111,111 ordinary shares of GBP0.025 each in the Company (the 'Placing Shares') at a price of GBP0.90 per Placing Share (the 'Placing Price') to raise an aggregate gross amount of GBP10 million. The Placing Price represents a discount of 8.6% to the closing price of GBP0.985 on 15 April 2021 (being the latest practicable time prior to the announcement of the Placing). ..."