Corcel Share Discussion Threads

[bambos22] 02/6/2021 08:36

Parsons took Sou from 2m to 800m

[2figaro] 01/6/2021 23:14

Evidently you weren't in Sou.

[bambos22] 01/6/2021 22:17

All these derampers. Boads well..They don't just moan for the sake of it.. They want your cheap shares ..Positive news soon and then their alias accounts will appear promoting the stock..

[2figaro] 01/6/2021 20:58

Maybe in Parsons retirement fund.Hope it's not Sound 2.

[scepticalinvestor] 01/6/2021 19:51

The local brothel?

[kemche] 01/6/2021 19:25

"Several million raised in recent placing."

And all gone.

Where in the name of Bamba does ALL the money disappear?

[helpfull] 01/6/2021 19:23

The amount received from the recent exercise of warrants is £686,736.

This is made up from :

15th April 2021 8,500,000 at 1.6p
20th April 2021 500,000 at 1.6p
20th April 2021 12,639,750 at 1.6p
22nd April 2021 2,500,000 at 1.6p

12th May 2021 23,076,924 at 1.3p

Be careful.

[bambos22] 01/6/2021 18:15

Warrants rather..

[bambos22] 01/6/2021 18:14

Several million raised in recent placing. I encourage investors to have a look for themselves

[hedgehog 100] 01/6/2021 17:26

Timing is clearly important in investment, especially in the mining sector.

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 MrZippo 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 23.75p is £674.88 million.



Yet for a long time it had disappointed.

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

[kemche] 01/6/2021 17:11

"Oh and news imminent ;)"

Oh God! Not again surely? How many are they planning on having?

[kemche] 01/6/2021 17:10

"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.

[bambos22] 01/6/2021 17:06

MambareWoWo gameBattery MetalsCobaltNickelVanadium...Oh and news imminent ;)

[hedgehog 100] 01/6/2021 16:59

With nickel coming to the forefront, CRCL's nickel projects could be a real target for majors, which could see them acquired for a relative fortune.

For example, southern Africa uranium mining company Uramin was founded by Stephen Dattels and Jim Mellon in 2005 with just $100,000.
It floated on AIM in 2006, and was sold to Areva in 2007 for circa £1.6 billion.

Uramin (UMN):

[kemche] 01/6/2021 16:49

"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.

[kemche] 01/6/2021 16:48

Big late buys again as people realise what this is.

The last $ 1 billion company I invested in was AERO - which ended really well for me.

[hedgehog 100] 01/6/2021 16:46

bambos22 26 May '21 - 18:25 - 1190 of 1310 0 1 0
"James Parsons.. Sou £2m to £800m
CRCL next...and why not..
Right place. Right time"


Thanks Bambos.

And let's not forget Ewen Ainsworth at GKP, which nearly 100-bagged at one point during his directorship.

So the Parsons-Ainsworth-Kaintz combo should certainly PAK a punch!

[kemche] 01/6/2021 16:44

Cash at bank at 31 dec 2020 £180k.



That!

AFTER ALL the fundraising!!!!!

[kemche] 01/6/2021 16:44

Relentless buying as people realise that this is a buy.

Kaintz.

AND Parsons.

BOTH. On the same BOD!!!!

[bambos22] 01/6/2021 16:41

Moissed all the recent warrant conversions.. plenty money in bank..Cash is king.. Follow the moneyExpenses admin typical of AIM companies..We are on the up..Kaintz and Parsons are doing a create job creating value for shareholder

[kemche] 01/6/2021 16:41

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

[kemche] 01/6/2021 16:40

Cash at bank at 31 dec 2020 £180k.



That!

AFTER ALL the fundraising!!!!!!