Corcel Share Discussion Threads

[kemche] 01/6/2021 16:39

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

[kemche] 01/6/2021 16:32

Relentless buying as people realise that this is a buy.

Kaintz.

AND Parsons.

[kemche] 01/6/2021 16:32

Can we PLEASE just have another fundraising?
Please!

[kemche] 01/6/2021 16:31

So grass then.
Goody.

1 frillion $!!!!!!!

And a parabolic chart. So there!

But will it go up a thousand fold???? History tell us decimation more likely.

Endo that.

[kemche] 01/6/2021 16:30

I place the below as a matter of record without a wish to be "Pharmacalled":


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

[hedgehog 100] 01/6/2021 16:28

CRCL could also 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 opportunities.

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

... 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. ..."

[hedgehog 100] 01/6/2021 16:23

"DEVELOPER OF UK BASED ENERGY STORAGE AND FLEXIBLE POWER GENERATION PROJECTS"

"FGS Projects Offer the Ability to Fund and Operate or Exit at Value Inflection Points"




28/05/2021 07:00 UKREG Corcel PLC Acquisition of Third 50MW Flexible Energy Project

" ... CRCL to take Avonmouth through to financial close, alongside Burwell and Tring Road, during 2021

Chief Executive Officer, Scott Kaintz commented: "Following closely behind our recent acquisition of the Tring Road gas peaking complex, we have now added a further 50MW of flexible energy generation at Avonmouth. Avonmouth is already "shovel ready". Our expanding partnership with Electric Land brings with it a dovetailing of capabilities and interests; ours in the underlying energy projects themselves and theirs in the land ownership and ongoing land lease revenue. Our present intention is to seek to bring Avonmouth to financial close during the course of 2021 leveraging the existing efforts already underway for Tring Road and Burwell, marketing the project portfolio jointly." ..."




Helpfull,

There's nothing in that RNS that says that CRCL will be looking for an operator.

But why would it be a problem if they were?

They have the flexibility to sell before operation, or to hold for longer.

[kemche] 01/6/2021 16:16

Relentless buying as people realise what this is.

[kemche] 01/6/2021 16:13

"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.

[helpfull] 01/6/2021 16:12

Are you sure you read the whole RNS? Corcel appears to be looking for an operator to take the project on. Within six months.

"Electric Land is a specialist promoter, developer and investor in grid-connected land for renewable and renewable supporting energy infrastructure use. Electric Land creates and leases shovel ready flexible energy sites for operators to develop for all technologies, and buys ground rents of land with operational flexible energy projects in place".

Be careful.

[kemche] 01/6/2021 16:11

rmart seems to know the score:

"Well there you have it direct from the horses mouth.... no lease yet, 'expected' AFTER LAND SALE.

NO PLANNING PERMISSION YET. ' site planning in progress'

#CRCL #Nickel #Energy #Storage #Battery
?????????????? ???????????? ?????????????? ??????????????
• Option to Lease expected shortly - post land sale
• Grid connection secured and extended
• Site planning in progress

At least we got the current position out of them, albeit via a tweet."

[kemche] 01/6/2021 16:11

Relentless buying as people realise that this is a buy.

Kaintz.

AND Parsons.

[kemche] 01/6/2021 16:04

rmart seems to know the score:

"Well there you have it direct from the horses mouth.... no lease yet, 'expected' AFTER LAND SALE.

NO PLANNING PERMISSION YET. ' site planning in progress'

#CRCL #Nickel #Energy #Storage #Battery
?????????????? ???????????? ?????????????? ??????????????
• Option to Lease expected shortly - post land sale
• Grid connection secured and extended
• Site planning in progress

At least we got the current position out of them, albeit via a tweet."

[kemche] 01/6/2021 16:03

So grass then.
Goody.

1 frillion $!!!!!!!

And a parabolic chart. So there!

But will it go up a thousand fold???? History tell us decimation more likely.

Endo that.

[hedgehog 100] 01/6/2021 15:57

How the mighty have fallen Helpfull.

Instead of making up your own lies, you've sunk to using MrZippo's!

The detail of the RNS is very clear: the project can be acquired for £144K. -

28/05/2021 07:00 UKREG Corcel PLC Acquisition of Third 50MW Flexible Energy Project

" ... Transaction Details

Corcel has acquired six months of exclusivity over a 100% interest in the Avonmouth gas peaker project from Electric Land Ltd, located outside of Bristol, England. Consideration for the acquisition is GBP72,000 payable immediately, and a further GBP72,000 payable at financial close at the time of entering into the formal lease over the project site. Corcel also receives exclusivity over an additional 15MW grid connection and associated land at the site, giving it the rights to take on the connection for use in a potential generation or battery project on similar terms.

Avonmouth Project

The Avonmouth project is a 50MW gas peaking project located approximately 7 miles Northwest of Bristol. The site location is an area of greenfield land within an established industrial estate and comprising a total of 4.36 acres. The project is "shovel ready" with a 50MW grid connection, gas connection, planning permission and land rights. Co-located at the site are two other projects, a 33MW site being developed by a third party, and a 15MW site expected to be made available for a generation or battery installation over 1.38 acres. ..."

[helpfull] 01/6/2021 15:51

Hedgie, the vendor is not selling the project. He is selling: "six months of exclusivity over a 100% interest in the Avonmouth gas peaker project from Electric Land Ltd, located outside of Bristol, England". A major difference.

Think of it as a car that you can't sell and a local car salesmen offers to put it on his second hand lot for six months,for a fee, to see if a punter will come along and buy it. That's the level this acquisition is at. Be careful.

[bambos22] 01/6/2021 15:21

Big investment by Align.. Money where their mouth is...Upside coming... Money in bank..Cashed upAssets ready to deliver

[mrzippo] 01/6/2021 15:12

Are we sure we know what the deal is? It looks like £72k now & again at close just for an exclusivity period. The deal is still to be negotiated.

[hedgehog 100] 01/6/2021 14:41

Helpfull 1 Jun '21 - 14:15 - 1288 of 1288
" .. If the project is worthwhile why do the vendors need Corcel? £72,000 probably wouldn't meet the salary of a Corcel board member for 6 months. .."


PMSL!

1. £72,000 is money CRCL is paying OUT now, not getting IN!!

2. The vendor is selling the project in FULL, not in part!!

Applying your logic, nothing that is ever sold would be worth buying.

That shows what an utterly nutty fruitcake you are.


CRCL obviously has huge business acumen, and is very good at accessing and executing hugely value-enhancing deals for the company.

This is also helped by the company's status as a listed company, and its access to cheaper capital as a result of that.

'Cash is king', and listed assets are worth far more than unlisted assets.

And a larger asset base is worth more pro rata than a smaller asset base.

CRCL is clearly building something huge here in terms of its FGS (flexible grid solutions) arm alone.

And this growing and valuable FGS asset base will be of huge interest to the multiple investment funds competing for such assets.

[hedgehog 100] 01/6/2021 14:06

28/05/2021 07:00 UK Regulatory (RNS & others) Corcel PLC Acquisition of Third 50MW Flexible Energy Project LSE:CRCL Corcel Plc
"Corcel Plc, ("Corcel" or "the Company"), the natural resource exploration and development company with interests in battery metals and flexible grid solutions, announces exclusive rights over the acquisition of the "shovel ready" Avonmouth 50MW gas peaking project outside of Bristol from FPC Electric Land Limited ("Electric Land" or "EL"). ...
The Company, following comprehensive due diligence on the project, has received third party estimates of annual gross margins of between GBP67-101k per MW/per annum once the project is operational. ..."


= Gross annual profit of up to £5.05M. p.a.

[hedgehog 100] 01/6/2021 13:57

News on both Burwell and Wo Wo Gap could come shortly.

05/05/2021 07:00 UK Regulatory (RNS & others) Corcel PLC Operations Update
"... Discussions underway with Resource Mining Corporation ("RMI") for settlement of Corcel's AUD 4.76m debt position ...
Chief Executive Officer, Scott Kaintz commented: "I am happy to report that the Company continues to make progress on all fronts, with proposals for the commercialisation of the investment in RMI, in particular, under active discussion. ...
Resource Mining Corporation
The Company announces that it is now formally in discussions with RMI in Australia in respect of the AUD4.76m debt position in RMI, which the Company currently owns. This debt obligation is due for repayment by RMI in Q4 2021 and Q1 2022. ..."


I don't think CRCL will get cash from RMI: rather we will exchange the debt owed to us by RMI for a share of the Wo Wo Gap nickel project.

Though the debt isn't due for repayment in part until Q4, it will be in the interests of both parties to agree a deal as early as possible.

And tweeted by Corcel this morning:

"Burwell Energy Storage Project
• Option to Lease expected shortly - post land sale ..."