Coro Energy Share Discussion Threads

[njw2] 18/1/2024 08:07

Am I seeing things or is that zero volume so far ?

[10owen] 18/1/2024 07:39

Good news guys.Gla.

[10owen] 18/1/2024 07:32

Wake up to good news guys.Gla.

[10owen] 18/1/2024 07:28

That's more like it very positive news imho.As always Gla.

[pavey ark] 17/1/2024 22:36

man1, no the mobile world deal and the Capton deal are not one and the same but look to be rather closely related.Capton come to CORO and say that they are interested in investing in Coro's Vietnam solar "The funding proposal received is for Capton to buy into Coro's current Vietnamese solar projects and provide investment into Coro's project pipeline of up to 50 megawatts" 3/8/23

Mobile World 10/10/23
"the potential to install 360MW of rooftop solar across all locations. The MoU grants Coro exclusivity on an initial 900 company sites (estimated at 50MW of rooftop solar capacity).
(Mobile World obviously think that Coro have the means to install solar on a large number of sites)

Vietnam renewables restructuring 24/11/23

Their Vietnam partner agrees to a reduction in their holding .....smaller share of a much bigger business?

Capton will have spent money on doing due diligence and as far as we know the deal is still "live" as is the mobile world deal.

The company haven't stated that the deals are related but I'm not sure Coro could go into a deal the size of the world Mobile deal without being confident they can get financial backing ....whither this backing comes from Capton is the question but things do seem to be lined up.

A few facts from company announcements and a bit of guesswork by myself !!!

[jason90] 17/1/2024 20:49

man1, It's a good question. I think Pavey is the best person to answer this.

[man1] 17/1/2024 19:53

Is the mobile world deal and Capton not one in the same.The idea of a partner buying into the wind deal could see us on a real winner. Like being carried on a drilling campaign, benefiting from all the prior work .

[jason90] 17/1/2024 17:44

Conrad is mentioned briefly near the middle of this recent article. (Link attached in thread).

[barony] 17/1/2024 16:40

We need the gsa to be done as, I agree, that is holding Coro back. First accounts showing no debt and profits should waken the market up to, what should be, a cash cow.

[pavey ark] 17/1/2024 15:09

The average of electricity generation in the UK over the last ten years was 50% from fossil fuels.
Over the last year the figure is down to just under 36%.

The rate of increase of renewables in the UK is increasing but this just puts even more pressure on coal burning SE Asia.

Coro is pushing against an open door.

[pavey ark] 17/1/2024 14:08

Yes Barony the renewables projects are going well but I'd like to see the Capton deal done....it is moving along and I suspect it is close to closing but still like to see it done.
There is also the Mobile world deal and the Philippine solar which should be the first of the major utility project to reach RTB.

A lot going on and the size and value of these deals are amazing for a company with a market cap of under $7m ....as I type.

A market cap that is certainly held down by Duyung.

[grannyboy] 17/1/2024 13:29

Dry, no wind, minus temperatures and renewables supplied just 14% of the energy needs!

[barony] 17/1/2024 13:18

I agree Pavey. Great news and Coro just keeps delivering on its projects. Just need the sale of Mako, post gsa signature, and we will have zero debt and money in the bank for more of these highly profitable projects.

[pavey ark] 17/1/2024 09:06

I see from the comments this morning a number of people still don't get this ........." delivering bankable data to the Company's utility scale projects in the province of Oslob."

Twelve months wind data is an essential requirement for ALL wind power projects anywhere in the world .....no one will provide development capital without this.

Coro have all the government approvals and permissions so with 12 months data they have an oven ready project with very considerable value (certainly multiples of the current entire market cap of Coro).

This one wind farm is valued at $175m and Coro could sell a developer a deal that cuts TWO Years at least from the total project development timescale.......hmmm???....I wonder what that would be worth ??

This mast is almost 450ft tall(I hope it doesn't blow over)......I hadn't realised it but Coro are now pointing out that the data isn't strictly local so logically it could be used for other projects in Oslob Provence and not for just this one project.

[njw2] 17/1/2024 08:11

Bigggggg trade there , 40 whole shares .

[10owen] 17/1/2024 08:07

We need an erection in the share price to put the smiles back on our faces.Gla.

[bengal1] 17/1/2024 07:42

A mast has been successfully erected. Great news.

[currypasty] 17/1/2024 07:29

ha ha, they have put a mast up!

[njw2] 17/1/2024 07:28

What an rns , it's going to absolutely roof on that . We might even get 10k worth of action today

[barony] 16/1/2024 12:54

Good Stockbox interview. Conrad certainly expect gsa signature q1 and gas early 2025.

[blueblood] 16/1/2024 08:51

Was alluded to in Conrad stockbox interview yesterday I think!

[lazarus2010] 16/1/2024 08:47

Blue...Where's that piece of info from?

[blueblood] 16/1/2024 08:45

Looks like the final piece of GSA jigsaw is getting guaranteed access to Singapore pipeline. This is vital for Sembcorp & the GSA and hopefully will be signed off this month to allow GSA & farm down to happen!

[bengal1] 16/1/2024 08:38

Not looking good.