Share Name Share Symbol Market Type Share ISIN Share Description
Corcel Plc LSE:CRCL London Ordinary Share GB00BKM69866 ORD 0.01P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 0.26 50,000 08:00:00
Bid Price Offer Price High Price Low Price Open Price
0.25 0.27 0.26 0.26 0.26
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -1.48 -2.00 1
Last Trade Time Trade Type Trade Size Trade Price Currency
11:51:16 O 50,000 0.26299 GBX

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Date Time Title Posts
13/12/202210:12CORCEL 2021 - The Year of Change1,037
13/11/202113:13Corcel PLC - Battery Metals & Energy Investments 1,958
09/10/202108:36Caracal Energy135

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Posted at 07/2/2023 08:20 by Corcel Daily Update
Corcel Plc is listed in the Mining sector of the London Stock Exchange with ticker CRCL. The last closing price for Corcel was 0.26p.
Corcel Plc has a 4 week average price of 0.23p and a 12 week average price of 0.21p.
The 1 year high share price is 1.65p while the 1 year low share price is currently 0.21p.
There are currently 524,878,295 shares in issue and the average daily traded volume is 1,934,492 shares. The market capitalisation of Corcel Plc is £1,364,683.57.
Posted at 31/12/2022 08:03 by scott kuntz
Anyone want to share their share price predictions for this time next year?

Mine is 0.1p and 1500 million shares in issue .

Posted at 28/12/2022 11:30 by helpfull
"Quality and trustworthy management are rare animals"

Scottie is trustworthy. Parsons is also trustworthy.

Shareholders can trust them to decimate the share price (3.25p to 0.25p in 3 years).

Shareholders can trust them to dilute their holdings by the continuous issue of new shares ( 87 million to 800 million in 3 years).

Shareholders can trust them to pay themselves lavishly for continuous poor performance (£496,000+ a year and the company is only valued at £1.5 million).

Shareholders can trust them to use paid for "research" and "publicity" by the likes of Align and StockBox.

Shareholders can trust them to disappear projects such as FSG and Burwell and Southport and Altana.

Shareholders can trust them to waste money on "punts" like Avonmouth and Tring Road and Mt.Weld and not give a toss.

Be careful.

Posted at 21/12/2022 11:59 by kemche
"Pursuant to the announcement of 31 October 2022, the Company has now paid the lenders a refinancing fee of GBP77,759 in the form of 37,028,094 new ordinary shares ("Fee Shares") priced at the lowest daily VWAP of the Company's shares between 31 October 2022 and 20 December 2022 (the "Strike Price"). Also, as previously announced on 20 July 2022, the Company has issued 5,000,000 new ordinary shares in full satisfaction of the ESA fee termination obligation. (together the "Fee Shares")."

So that accounts for the 5m shares "buy" yesterday!

"In addition, further to the announcement of 31 October 2022 in lieu of a cash financing fee the Company has elected to issue 112,500,000 Warrants (the "Warrants") allowing purchase of new ordinary shares of the Company at GBP0.004 until 20 February 2024, have now been recalculated to 214,285,714 Warrants, repriced to the Strike Price of GBP0.0021, and extended until 31 March 2025 with associated resettability now in place until 31 December 2023."

Tells you everything you need to know.


I'm buying the spike. Yet again.

Classic CRCL. Expect much more of this as we approach March 2023.


Posted at 16/12/2022 19:36 by helpfull
Using £15,000 of shareholder funds, Scottie and Parsons have dragged the minds of shareholders away from the total demise of the FSG division and the £496,000 a year remuneration for the BOD. A large shareholder has sold up after only a few months at a loss and is glad to do so. A SockBox interview was carried out with Scott Kaintz and a dodgy character called David Lenigas, who appears to be one of the recipients of the £15,000 and 50,000,000 shares. Yet he has no connection with the company. The farce continues. A £1 million company with a BOD remuneration of £496,000 a year and an Executive Chairman on £192,000 a year. Why?

Scottie and Parsons need fresh faced mug punters on board. The fleecing continues.

When this pair took over 3 years ago the share price was 3.25p with 87,000,000 shares in issue.

The share price now, is 0.26p with 746,708,295 shares in issue.

Be careful.

Posted at 09/12/2022 13:53 by helpfull
It is easy to work out. There is a simple formula.

Divide the remuneration of the BOD, which is £496,000, by the market capitalisation of Corcel, which is about £1 million, to the power of the number of failed gas peaker and battery storage projects. Take that number and subtract the number of those creepy talking head videos Scottie produced and add on the number of years the company has been waiting for the Mambare license. Round down to two decimal places and multiply by the combined total of bonuses Parsons and Scottie were awarded last year when the share price plummeted (clue: Parsons was £30,000). Divide by the share price when these two bozos took over (3.25p) before taking off the current share price (0.22p). Multiply by the next cash raise which is coming soon.

Be careful.

Posted at 05/12/2022 09:31 by helpfull
How should shareholders view the Mt. Weld option?

They should look at the Internal Rate of Return(IRR).

The option lasted 45 days and cost £15,000. The directors received £496,000+ remuneration last year or £40,000+ per month. 45 days brings the directors a £60,000 IRR for an outlay of £15,000. A 4x IRR. Not bad considering the £15,000 wasn't even paid by them, but by shareholders. Kerching, kerching, kerching.

By taking up the option the direcors will issue 50,000,000 new shares. No skin off their nose, it will only dilute shareholders. But they can keep the carrot on the string for several months as they work "with our new technical partners on planning and executing a high-impact drill campaign in early 2023" Sounds like another 4 months(or more) at £ 40,000+ a month or £160,000. An IRR of another 10 times. And all for a £15,000 punt. An IRR for directors only. Shareholders can gft.

I wonder if anyone believes Scottie anymore?

Or if anyone trusts Parsons anymore?

The share price is a good indicator. A market capitalisation of barely £1,500,000 and a yearly remuneration for directors of £496,000.

Be careful.

Posted at 20/10/2022 09:05 by helpfull
If the company has a growth strategy why is the share price falling and the market capitalisation getting smaller?

The share price was 3.25p when Parsons arrivved (£3 million+ mkt. cap.). Is he still Executive Chairman on £172,000+ a year? Why?

Be careful.

Posted at 21/7/2022 08:00 by helpfull
Some big numbers coming out of Corcel this morning.

Scottie : £214,000

Parsons : £172,000

Remuneration figures for 2021. Expect 2022 to be higher. Scottie received £165,000 in 2020, so he received a near 30% pay rise in 2021. Can the same be expected for 2022? Probably explains why these people couldn't care less about the share price fall. These two can afford to laugh at shareholders.

The share price has fallen from 3.25p to 0.375p since this team arrived. The market capitalisation is now £1.6 million. In the first five cash raises the company raised £2,561,000. There have been several following on. Is that 30% pay rise performance? It would be foolish to expect these people to change. They have no respect for shareholders. Why should they? They remunerated themselves lavishly with shareholder funds. The 3 month 50% salary forfeiture is laughable. They struggled to raise enough for 1 years remuneration so they had to cut back. That struggle is reflected in the offer to shareholders in the cash raise. They have a pool of gullable mug punters on their doorstep.

Are you going to partake? Or do you wish you had never bought Corcel shares in the first instance? The shame of being a mug punter. Fancy a wager? Scottie gambled £72,000 on Avonmouth. It's on the record. Is this sort of management to be trusted with shareholder funds.

Be careful.

Posted at 07/12/2021 14:08 by hedgehog 100
"Simply pointing out an occasion when options were granted at a price below the prevailing share price."

But there's a difference to the prevailing share price and the share price at about that time, which is why I wasn't exact.

If there was a sudden spike up, then options might be awarded lower than than price.

Equally, if there was a sudden dip down, then options might be issued at higher than that price.
Similar to CRCL's premium placing in February, in which the directors bought shares:

18/02/2021 07:00 UK Regulatory (RNS & others) Corcel PLC Fundraising, Directors' Dealings and TVR LSE:CRCL Corcel Plc
"... Equity Funding
The equity fundraising has directly raised gross proceeds of GBP300,000 from the issue of 24,000,000 new ordinary shares of GBP0.0001 (Ordinary Shares) at GBP0.0125 ("Placing Price") per share ("Fundraising Shares"), being a 4% premium to the mid-price of the Company's ordinary shares at the close on 17 February 2021, being the latest practicable date prior to the publication of this announcement. The Company has also issued the equity investors with two warrants for every one share exerciseable at GBP0.02 per new warrant share at any time over the next two years.
The Company has also agreed to issue a further 2,880,000 new Ordinary Shares at the Placing Price ("Supplier Shares") for an invoice received from Align Research in respect of research services, and who has agreed to receive the payment of their GBP30,000 invoice plus VAT, both paid in shares.
Directors' Dealings
Two Company Directors, James Parsons and Scott Kaintz, have also participated in the placing of 800,000 new ordinary shares and 1,600,000 warrants each. The placing shares and warrants issued to James and Scott have been included in the table below, which sets out the Corcel Board's current holdings. ..."

According to your theory, they would have set that placing price lower, in order to get shares more cheaply.

Posted at 07/12/2021 12:43 by helpfull
"On the 9th. April last year CRCL closed at under 0.75p.

Now, nearly 20 months later, it is 1.125p, i.e. over 50% higher.

I don't see how a share price rise of over 50%, over a period of about a year and two thirds, can constitute a continual fall?"

Hedgie, you're funny. The share price when the current management team was put in place was 3.25p. There has been a decline to 1.125p.

On the day Parsons joined the company he was awarded options:

"James Parsons has been awarded 304,056,730 three-year vest, five-year expiry options with an exercise price of 0.0275p per share"

That was 5 Dec 2019 and the share price was 0.0325p (pre- consolidation). Option shares issued below the prevailing share price from the start.

Be careful.

Corcel share price data is direct from the London Stock Exchange
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