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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Coro Energy Plc | CORO | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.114 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.114 | 0.114 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Top Posts |
|---|
Posted at 22/7/2024 16:48 by stewart4990 blackieboy7,Yes, in effect if you bought a million shares of eme then you get them at the offer price and with eme you pay a margin of 20%, you need to have in sufficient funds in your account when you buy them to cover the offer price and ensure you have funds to cover the difference between the offer and bid price as when you buy your equity is always based on the bid price. You can clearly buy more but need to be aware of the price because if it drops your equity balance will fall, if it falls below zero they will sell you out, its a risk. I own nearly all my shares but I added a few Coro so I will need to add funds to cover 80% of the number of share in Coro to keep them, unless they come out of suspension. |
Posted at 22/7/2024 13:38 by stewart4990 Received this email today, time to get that suspension lifted.Dear client, As a result of the delay in appointing an additional director at Coro Energy and the subsequent inability to review and conclude the publishing of its 2023 Annual Report, we will be making some changes to the margin requirement for all client positions. Effective from 29/07/2024 16:30, we will be moving the margin required for Coro Energy positions to 100%. As a result of this change, please review your available balance as you may need to add additional funds to maintain all your open positions. We will continue to monitor the situation and revert with an update should there be any further changes. Please don’t hesitate to contact the dealing desk on 01727 895 151 if you have any questions on the above. Regards, Mith Satkunanathan |
Posted at 03/7/2024 08:47 by pavey ark This appointment looks a very good fit for Coro and it does rather confirm (if confirmation was even needed) that Coro is a renewable energy company focused in SE Asia.I would imagine that this appointment will go down well with current and potential partners in SE Asia. I hope we are now close to appointing Michael Carrington as CEO. |
Posted at 24/6/2024 09:30 by barony Unbelievable! Eme, with an 8.5% Mako share goes up over 50% today and Coro, with 15% share, doesn’t move. Why? I know that Coro, unlike eme, has other valuable assets, but Mako should still make a huge difference to Coro’s value. |
Posted at 20/6/2024 12:41 by the sage I mentioned over two weeks ago that former Coro executive James Menzies has been appointed as CEO at LBE. I hold some LBE and if CORO are looking to invest our money in a company with multiple TCF structures, and given that CORO and James know each other, this could prove to be a good fit. |
Posted at 24/4/2024 21:10 by pavey ark jason90, well it was a bit of a shock.I've spoken with James a few times and I've always thought him a fairly straight up sort of a guy but my main contact has always been Michael Carrington as we both "sang from the same sheet" when it came to Coro and renewables.....altho I have been a bit concerned about the recent "thinning" of the board and this has now caused a problem but one positive may be the elevation of the very capable Michael Carrington !!?? The Duyung supporters have long made comments about James Parsons but I ignored these and it is rather bizarre that the parts of the business that James had control over , renewables, ion ventures (bought and sold a a tidy profit )and the Italian gas sale have all gone well but he gets the blame of the Duyung (albatross!!)delay .....over which he has no control. I suspect that a chunk of the vote against Parsons came from our very own Duyung crowd......and I doubt if much balance/ rational thought went in to it. My view is still the one I have held for a long time......sell Duyung to anyone who will buy and walk away....rebrand as "Coro Renewables SE Asia". If the company consider the vote to remove Parsons a problem I suppose they could hire him in some capacity.....I'm meeting with a pal tomorrow who knows much more about this sort of thing ...I'll ask. Coro is a very difficult company to hold.....they have changed tack and left the majority of shareholders behind....very large asset base....very large debt ....minuscule market cap !!!??? |
Posted at 16/4/2024 09:59 by jason90 I would also like to see Capton Energy align strategically with Coro (Check out Capton Energy website). That would show significant confidence with Coro as a key player for renewables transition in ASEAN. We have seen numerous Twitter posts by Coro recently around the need for more renewables in Asia. And more investment coming into to fund these projects.Let's hope Coro's grand masterplan works. It's now due. |
Posted at 12/4/2024 20:54 by jason90 Thanks Pavey.Just out of interest.. you mention that the Duyung asset is worth $40-50m to Coro. Forgive me if I am wrong, but I thought Duyung NPV was at least $80m? Plus when you look at the current Brent Crude Oil price, then surely the Duyung NPV should be inflated even further? Ok, so the new gas reserve estimate for Coro has been reduced recently (by about 15%) That still gives an NPV over $70 million. (Am I right?) And at least the renewables (as you quite rightly say Pavey) are being very well developed, so Coro clearly see a positive path forward here.. I have done a little research around companies doing gas sales in Indonesia over the years. Many (BIG) players have pulled out previously because of the political bureaucracy and red tape. But it appears Conrad are getting over the final hurdles (fingers tightly crossed), albeit it has taken far,far longer than hoped or anticipated. But we are where we are, and we are inching ever closer to this deal being finalised to supply much needed gas to Singapore and Indonesia. (Don't forget the Keppel Jurong plant being built by Sembcorp, to be ready by 2026). Now, Coro may be offered to sell enough of their Duyung stake up front to pay off the $30m loan, which would be a result, and then keep the remaining stake so they can receive regular gas sales payments over so many years.. (I am no expert at these things, as I am sure there are many complexities involved in such a transaction.) There has also been mention of 'Drag and Tag Clauses', which I will be honest, would like someone to kindly explain what that could look like. Thanks. |
Posted at 25/1/2024 17:23 by pavey ark Not wanting to get into another bun fight here but a bit depressing to see posts elsewhere completely ignoring any positive news on renewables.As I type renewables are at least as valuable as even the most positive outcome from Duyung......that is 15% of Duyung sold and debt paid. As the renewable programme moves on the difference becomes even greater. The most recent news has been that a Vietnamese bank is willing to provide up to c.$17m finance (50% in stages) for Coro to install solar panels across 900 sites in Vietnam. The first 9 site pilot is to cost c.$300k then if this proves the project they will move ahead with the rest to a total of 50MW......this is a $33m-$35m deal. The target for Coro is 150MW installed in Vietnam. Then we have the very important and large investor Capton. This deal still being negotiated but Capton are very interested in buying into Coro's Vietnam operation !!! Another rather technical point announced recently is that their Philippine met mast will provide data that is applicable to more than one wind farm site .....this data is essential for any wind farm project and is therefore very valuable. Coro also have 12 months LIDAR data so they have all the data that ANY investor would demand before financing the projects.....even if Coro don't build the wind farms this data is worth millions. Then we have the Philippine 100MW solar farm....doesn't need the same data but complicated land deal leases etc ...should be moving along and must be RTB in a few months ??!! At RTB stage on any of the Philippine projects Coro would have the opportunity to sell the site with all permissions etc.....no info/hints have been given but at this stage ,and Duyung taking forever, the temptation would be there. The Philippine solar would be the first to reach RTB and could be sold for $15m-$20m This is a $100m project so the value here is getting it handed to you absolutely ready to go. The wind projects are $175m each so the value of all Coro's data and permissions is even more obvious. |
Posted at 17/1/2024 22:36 by pavey ark 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" 3/8/23Mobile 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 !!! |
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