Corcel Share Discussion Threads

[hedgehog 100] 08/5/2021 17:10

Nice try Helpfull, but it's all old news which has been actively discussed, and was partly why the CRCL share price was so low until recently.

As you full well know, Corcel walked away from the Southport deal because the landowner was being too greedy, and Corcel wasn't prepared to overpay for the lease.
This demonstrates our management's rigorous commercial discipline and business acumen.

A disappointment at the time, but simply a blip on the road to better things.

The Southport project was a fraction of the size of Corcel's huge Burwell battery project:

"As previously announced, the first Flexible Grid Solutions project is at a development site in Southport, near Liverpool, and will initially involve the installation of a gas fired "peaker plant" with 7.2MW generation capabilities. These plants ease pressure on power networks by levelling out imbalances in supply and demand, generating and selling electricity when prices are high. This will then be followed by up to 4MW installation of energy storage using containerised lithium ion batteries."

And moreover, batteries are more efficient (and greener) then gas:

"Battery storage 30% cheaper than gas peaker plants for firming renewables
The contest is over. Faster, cheaper, more flexible than gas turbines – battery energy storage must be the future peaking energy service provider of choice, according to a new paper by Australia’s Clean Energy Council.
APRIL 12, 2021 NATALIE FILATOFF ..."


The heads of terms for the Burwell lease have been agreed, which means that a potential Southport-type stumbling block has been removed:

"CORCEL – TODAY’S MAST IPO HIGHLIGHTS VALUATION DISJOINT WITH CORCEL. REVISION OF PRICE TARGET TO 12.91P. BUY.
April 14, 2021 | Posted by admin
... 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. ..."


All that is awaited now is completion of the land sale, which is expected any day.

Thanks to Rmart on the other CRCL thread for this:

rmart 15 Apr '21 - 09:45 - 558 of 775 0 6 0
"We will see big days ahead. It will take just one of the following to do a 100% day.
1. Burwell Land Lease Signed. ... The land owner has a 25yr lease on the table from Corcel for a bit of land that is otherwise useless. Both need the deal and it will be done. The land is just changing ownership at present and the lease will be completed when that is done. ..."

[helpfull] 08/5/2021 13:08

From "the multi-handled crook Helpfull", delving into the distant past of 3rd March 2020:



Southport?

"EREC G99 Grid Application Submitted, a critical milestone"

"Financial Close Targeted for mid year"

"Maiden revenues by end of 2020"

So much for critical milestones and Financial Close and Maiden revenues. Anyone know why none of this has been achieved? Or course this was a long,long time ago. The company is now a different beast. Be careful.

[mark10101] 07/5/2021 19:45

Peter, there is a numpties thread for CRCL that was much more active today than this one, all hate the directors and post continually about history, maybe you will find a more appreciative audience there? I prefer to be like the market and price in the future (try being the operative word), rightly or wrongly it seems to me where I can find the best returns.

Do you not think people posting on this thread, normally free of the numpties, have not heard all the horror stories from that other thread. It was all we had in feb at 1p. I posted fairly lengthily that I have known directors of great pedigree and previous success in previous bull markets who got reamed in the next bear market for that sector. I have invested in the commodity sector for decades, the last 5 years were very tough to say the least, CEO’s can’t choose how their sector performs, but in CRCL case you can clearly see that they have learnt from the past and formed a company that has a solid handle on an emerging hot sector, battery storage and also a portfolio of assets that if the bull market in commodities continues could deliver the rump of the spectacular returns I am invested here for, the Battery business could deliver multiples from here, however the resource side of the business, that is where the fun starts.

[kemche] 07/5/2021 16:26

And if anyone is in any doubts whatsoever about my sheer investment prowess then here are all my previous winners:

[kemche] 07/5/2021 16:25

I don't really understand stocks and shares and I am only here to learn from my betters.

[kemche] 07/5/2021 16:24

That's just hurtful!

[hedgehog 100] 07/5/2021 16:23

LOL, Mark, I think that Kemche must be paid by the post ... he certainly isn't paid for the quality!

[kemche] 07/5/2021 16:14

The best BB that's why.
Wobble.

Just look at the RMS bull only thread created by someone whose name I seem to have forgotten. Soon coming here.

Wobble.

[mark10101] 07/5/2021 16:10

HH best come to this thread for the comedy and post on the main thread. You could post anything and they will just wibble, never met a group like, but I have them to thank for putting a fair chunk in here, I like their wibbling.

Not sure how they have the stamina but they wibble and wibble then wibble some more. They may be quieter next week, let’s see.

[kemche] 07/5/2021 16:09

Southport is now shovel ready.
How much did that cost?
etc

[kemche] 07/5/2021 16:08

CRCL - prior to the name change to hide the history:


Torp - 03 Aug 2020 - 10:48:28 - 17777 of 17847 Regency Mines 2010 and beyond - upside limitless - RGM
I respectfully suggest that the "bashers" as you call them are not on any side
of a trade because they wouldn't waste their valuable cash on a POS share like this. Especially
when there are a plethora of other companies out there just now providing massive opportunities to
trade for strong profits.

This company has made losses every year for goodness knows how long

2012 - Loss of £2,112,350 - Admin £1,091,108 - Cash raised £907,090
2013 - Loss of £5,166,017 - Admin £1,224,013 - Cash raised £3,327,678
2014 - Loss of £1,508,812 - Admin £881,947 - Cash raised £1,212,805
2015 - Loss of £5,888,742 - Admin £964,761 - Cash raised £1,049,765
2016 - Loss of £1,965,722 - Admin £594,733 - Cash raised £781,595
2017 - Loss of £534,267 - Admin £414,943 - Cash raised £1,576,701
2018 - Loss of £1,549,619 - Admin £735,697 - Cash raised £1,150,000
2019 - Loss of £2,607,978 - Admin £652,918 - Cash raised £240,000

Total Losses above - £21,333,507

Total Cash raised above - £10,245,634

Total Admin above - £6,560,120


As with RRR it's clear to me where most of the money ends up.


The facts speak for themselves imho.

SP remains over 70% down since the huge 1-100 share consolidation before Christmas.

They will imho just keep issuing confetti shares

DYOR

[kemche] 07/5/2021 16:07

"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.


Net cash flows from operations (outflow) £536,000
Divided by six is circa £90k a month cash burn rate.

Please ignore the known liar rmart.

WTF! Where is the money?????

Can anyone tell me what comes next?

[kemche] 07/5/2021 16:07

I recall when I got my timing wrong on AERO. Oh so wrong.

[hedgehog 100] 07/5/2021 16:02

Issuing shares is normal for small mining companies, but when they're creating multiple pounds of value for every pound of dilution it's good business.

And add Corcel's innovative hybrid business model to generate early cash, and they should be on to a real winner.

I.e. combining an energy storage etc. projects arm with a battery metals explo.-development arm.

[hedgehog 100] 07/5/2021 15:52

Poor Kemche - he just doesn't get that timing is important in investment - that's why he never makes any real money.

Mining companies are intrinsically cyclical, and in a mining downturn it's very hard to swim against the tide.

Now though we're in the early stages of a developing battery metals bull market.

But apparently Kem either hasn't noticed this, or doesn't realise its significance!

Should we avoid CRCL because its predecessor Regency Mines (RGM) disappointed for so long (under largely different management)?

Well, consider the following example.



Eurasia Mining (EUA) had 180-bagged since the start of 2018 at its recent of high of over 40p.

EUA's current market cap. at 26.75p is £737.95 million.




Yet for a long time it had disappointed:




Just like CRCL's forerunner Regency Mines (RGM):

[dennisbergkamp] 07/5/2021 15:51

Thanks for clarifying Hedge

D

[kemche] 07/5/2021 15:32

This company has made losses every year for goodness knows how long

2012 - Loss of £2,112,350 - Admin £1,091,108 - Cash raised £907,090
2013 - Loss of £5,166,017 - Admin £1,224,013 - Cash raised £3,327,678
2014 - Loss of £1,508,812 - Admin £881,947 - Cash raised £1,212,805
2015 - Loss of £5,888,742 - Admin £964,761 - Cash raised £1,049,765
2016 - Loss of £1,965,722 - Admin £594,733 - Cash raised £781,595
2017 - Loss of £534,267 - Admin £414,943 - Cash raised £1,576,701
2018 - Loss of £1,549,619 - Admin £735,697 - Cash raised £1,150,000
2019 - Loss of £2,607,978 - Admin £652,918 - Cash raised £240,000

Total Losses above - £21,333,507

Total Cash raised above - £10,245,634

Total Admin above - £6,560,120


As with RRR it's clear to me where most of the money ends up.


The facts speak for themselves imho.

SP remains over 70% down since the huge 1-100 share consolidation before Christmas.

They will imho just keep issuing confetti shares

DYOR

[kemche] 07/5/2021 15:31

Shares in issue (August 2020) 189,910,596

Shares in issue (April 2021) 345,521,364

Increase in number of shares = 82%!

Has anyone worked out what is going on yet?

Wobble.

[hedgehog 100] 07/5/2021 15:31

So CRCL's Burwell project won't just be a one-off.

We can expect a stream of such projects ... with the next one expected in the near-term, according to CRCL's update this week:

05/05/2021 07:00 UKREG Corcel PLC Operations Update
" ... Flexible energy storage and production remains a very attractive sector here in the UK for investors, and the Company notes the recent successful Mast Energy Developments Plc (AIM:MED) IPO and implied valuation read-across. The Company continues to focus on this space and expects to expand its footprint in the sector in the near-term." ..."

[kemche] 07/5/2021 15:30

CRCL - prior to the name change to hide the history:


Torp - 03 Aug 2020 - 10:48:28 - 17777 of 17847 Regency Mines 2010 and beyond - upside limitless - RGM
I respectfully suggest that the "bashers" as you call them are not on any side
of a trade because they wouldn't waste their valuable cash on a POS share like this. Especially
when there are a plethora of other companies out there just now providing massive opportunities to
trade for strong profits.

This company has made losses every year for goodness knows how long

2012 - Loss of £2,112,350 - Admin £1,091,108 - Cash raised £907,090
2013 - Loss of £5,166,017 - Admin £1,224,013 - Cash raised £3,327,678
2014 - Loss of £1,508,812 - Admin £881,947 - Cash raised £1,212,805
2015 - Loss of £5,888,742 - Admin £964,761 - Cash raised £1,049,765
2016 - Loss of £1,965,722 - Admin £594,733 - Cash raised £781,595
2017 - Loss of £534,267 - Admin £414,943 - Cash raised £1,576,701
2018 - Loss of £1,549,619 - Admin £735,697 - Cash raised £1,150,000
2019 - Loss of £2,607,978 - Admin £652,918 - Cash raised £240,000

Total Losses above - £21,333,507

Total Cash raised above - £10,245,634

Total Admin above - £6,560,120


As with RRR it's clear to me where most of the money ends up.


The facts speak for themselves imho.

SP remains over 70% down since the huge 1-100 share consolidation before Christmas.

They will imho just keep issuing confetti shares

DYOR

[kemche] 07/5/2021 15:27

Parabolic graph incoming........

[kemche] 07/5/2021 15:26

Just get the next fundraising done for gawd's sake.