Corcel Share Discussion Threads

[kemche] 22/5/2021 13:29

:)

Salient info suppression wobble?

[kemche] 22/5/2021 13:29

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?

[mark10101] 22/5/2021 12:27

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It adds so much to the discussion.

[kemche] 22/5/2021 12:24

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] 22/5/2021 12:23

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

[hedgehog 100] 22/5/2021 12:10

kemche 22 May '21 - 11:52 - 1121 of 1124 0 0 0
" ... share price remains over 70% down since the huge 1-100 share consolidation before Christmas. ..."

kemche 22 May '21 - 11:54 - 1122 of 1124 0 0 0
"... Please ignore the known liar rmart. ..."


PMSL!!!

1. The consolidation was in 2019!

2. A 70% fall from then would be about a penny, not 1.7p!!

May I suggest, matey, that you get a lobotomy ... to improve your intelligence!

[hedgehog 100] 22/5/2021 12:00

From Corcels updated investor presentation, 14.5.21.

"Flexible Grid Solutions (UK)

ENERGY MIX TRANSITIONING FROM
BASE LOAD TO FLEXIBLE POWER GENERATION

Corcel investing in the
projects and infrastructure
required to provide critical
services to the UK Grid

Investments dovetail
with the UK’s “Net Zero 2050”
initiative regarding
greenhouse gas emissions
and the increasing pressure
on the UK grid

Corcel aims to use energy
generation and storage
projects to support its
overhead requirements
and to further fund and
develop blue-sky battery
metal mining opportunities"




That last point highlights the genius of Corcel's unique business model.

I.e. Cash-generation from the FGS arm will support the mining explo.-development arm, with its gigantic upside.

Goodbye dilution, hello mega multibagging!

[mark10101] 22/5/2021 11:59

Wibble wibble, the contra indicator thread looks to be pointing to a good week for long holders next week, feels ready for a solid move up. Not seen this level of contra indicator positing since 1p so may be what we need too push on, as the news hopefully starts flowing.

Have a wibbling great weekend.

[kemche] 22/5/2021 11:54

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] 22/5/2021 11:52

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

[hedgehog 100] 22/5/2021 11:47

10/05/2021 07:00 UK Regulatory (RNS & others) Corcel PLC Acquisition of 50MW Flexible Energy Project LSE:CRCL Corcel Plc
" ... Chief Executive Officer, Scott Kaintz commented: "This is a highly significant milestone for Corcel. The addition of the "shovel ready" Tring Road project to our existing Burwell project dramatically bolsters our position in the increasingly competitive flexible energy space here in the UK. We believe that gas peaking assets of this nature are essential to assist the transition to renewables and will provide significant trading margins given the variability of renewable energy production and the inherent volatility of UK energy demands.
I am also excited by the opportunity of exploring a broader strategic partnership with Arlington Energy, which, if agreed, would provide Corcel with additional AE flexible energy investment opportunities."
Transaction Details
Corcel has acquired a 40% interest in the Tring Road energy project from Arlington Energy, located outside of the town of Aylesbury, England. Consideration for the acquisition is GBP400,000 satisfied by GBP150,000 cash and 12,026,168 new Ordinary Shares ("Shares"). The Shares will be locked up for a period of six months following admission. ...
Strategic Partnership
Although formal terms have yet to be finalized, Corcel and AE will explore and discuss the potential to develop additional energy storage, gas peaking and solar assets in the United Kingdom with a view to Corcel participating in future AE projects in the UK flexible energy sector. ..."



It's significant that Arlington took the majority of the Tring Road energy project payment in CRCL shares - and priced at over 2p per share - rather than cash.
(2.08p: a 28% premium to the pre-existing share price of 1.625p.

This suggests that they know how undervalued Tring is, and how undervalued CRCL shares are.


Potentially even more exciting though is the planned strategic partnership between Corcel and Arlington.


"INVESTING IN CLEAN ENERGY

Arlington is an energy company focused on delivering best in class, flexible energy assets, designed and built to perform in the UK merchant energy markets.

Bringing new and innovative funding sources and structures into the distributed energy market, Arlington is rapidly becoming the leading new entrant into the flexible generation sector.

In 2019 Arlington commissioned its first 60MW of capacity. A 20 MW gas peaking site and a 40MW battery storage project. Over the coming 3 years Arlington plans to significantly add to its portfolio of both Gas peaking and Storage assets across the UK."




Arlington Energy looks like a perfect partner for Corcel.

They can grow together, both becoming major players in this area.

And Corcel have a target of developing 4-5 FGS (flexible grid solutions) projects a year.


From Align Research's 21st. January 2021 research note on Corcel:

"Corcel’s FGS Pipeline

Already, the company has a pipeline of energy production and storage projects in development or under review for sanction that include gas peaker plants (natural gas burning power plants which only run when there is high demand for electricity), flexible energy storage, combined heat & power systems and solar projects.

Such energy storage projects can provide electricity potentially to something like thirty markets. Options including power arbitrage where the batteries are filled up at 6am when power is free and then some two and a half hours later the power is sold for £120 per MW when people are up and about and demand is higher.

It is more than likely that Burwell will provide a blueprint for further deals in the sector with the company having the ability to take available opportunities, with some going into electricity generation and others being monetised. With the target of developing 4-5 such FGS projects a year, it is clear that this rapidly growing division is set to create a growing stream of longterm reliable earnings which can be used to fuel the company’s battery metal ambitions. Moving ahead, this means that at Corcel, investors will not have the normal concerns about small cap exploration plays with their regular fund-raising exercises that cause significant dilution and poisoned relationships with long term shareholders."

[hedgehog 100] 22/5/2021 11:18

From Hepfull's ADVFN profile:

"Helpfull
Member since: 06 Jul 2020"


Helpfull's first bashing post on RGM/CRCL was made on the same day he joined ADVFN:
Helpfull - 06 Jul 2020 - 23:30:52 - 17413 of 17847

On 6th. July 2020 RGM opened at 0.825p, and closed at 0.85p.

Current CRCL s.p.: 1.7p, i.e. 100% up since Helpfull started his deranged bashing campaign.

Enough said I think.

A chart tells a thousand words:

[helpfull] 21/5/2021 15:05

On the 10th May 2021 Corcel reported the "Acquisition of 50MW Flexible Energy Project". How much is that worth? Well, they only bought 40% of the project not the whole kit and caboodle. They paid the equivalent of £400,000, although only £150,000 was in cash. So how much is that worth? No more than what was paid. Arlington know as well as Corcel how much it is worth and are not going to under sell themselves.

Add that £400,000 to the £1,300,000 that Burwell might be worth in six months time ( based on similar project valuations). £1,700,000. How much has been raised in the last 18 months? I stopped counting at £2,500,000. It is difficult to see how a £7,000,000 valuation is justified at the momoent. Be careful.

[frontrunner1] 21/5/2021 14:57

I don’t have to be a member to read board chats, identifying derampers like you and your team members does give me a pleasure, if your comments agree with the facts then it’s no problem, but unfortunately none of your comments align with current realities of the business strategy.

[kemche] 21/5/2021 14:32

Set up on 10th May.

Righty-ho!

[kemche] 21/5/2021 14:31

Of course.

[frontrunner1] 21/5/2021 14:28

Looks like the con artists Kemche, helpful, and now Mr Rocket started their weekend early and again started justifying their wibble in a most illogical manner, keep doing that fella’s it won’t work here, Board members are sensible enough to know you negative motives. Wibble, Wibble n wibble…

[kemche] 21/5/2021 13:56

rocket, check out the BOD if you want a giggle. They make TB look like an upright and honest gent.

[rocket26] 21/5/2021 12:22

Well what a balls up with a cherry on top this ramping palava is......18/5/21 10 am , this is going north" , 3 hours later , this is going to tank cos I have false information to give you...( Nod to helpful for finding out the scam).......(.nod to Kemche for bringing the last 12 years of this scam to light ) ..... There is enough evidence alone over the last few weeks to suggest that this is a giant con -87 M to 385 M shares in one year ....oh please stop my sides from splitting with laughter at this huge con .....
Heads will roll

[helpfull] 21/5/2021 09:32

Why all the hoo-ha? Binding lease or not. Six months or more to wait. Is it worth the trouble? What is the "right sized" Burwell worth with the reduced connetion?

Gore Street Energy bought a 50 MW energy storage project in Ferrymuir, Scotland last June for £1.3 million where "all land rights, grid connections and planning consents have already been secured".

The trouble with Burwell, if it comes to fruition, is that it has been tagged as having an equivalent value as the whole of Mast. The reality is sadly different. The value of Burwell is small and the "delay and downsizing" RNS has again exposed the consistency with which the highly paid BOD manages to disappoint. The "downsizing" of the 50/50 JV at Mambare, the "disappearing" of Southport and the dilution of shares in issue from 87,000,000 to over 385,000,000 in 18 months, being examples.

If the present rumour is true and Burwell falls through then the share price will suffer. A jungle camp in a rainy Papua New Guinea will seem a muddy patch on the other side of the world. A frozen strip of the Arctic Circle in Canada will forever be a cold place to be. The share price is binary. If the rumour is correct? You've got it. Be careful.

[dennisbergkamp] 20/5/2021 19:17

Div,

It’s the nature of the beast for sure and easier to manipulate, hence their agenda is sometimes hard to suppress.

Integrity is still paramount for me. If this year has taught us anything, then it’s to be thoughtful about others.

The gap between the haves and have nots is bigger than ever. We have no idea of who is watching this or any other board and their situation... I don’t want the human repercussions of falsehoods on my conscience

#sermonover

D

[divmad] 20/5/2021 17:25

I would say that applies to 90% of AIM listed companies.

[kemche] 20/5/2021 16:22

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] 20/5/2021 16:20

"I was going to say you could not make it up...."

And yet you did and continue to do relentlessly.