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CORO Coro Energy Plc

0.025
-0.0025 (-9.09%)
03 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Coro Energy Plc CORO London Ordinary Share
  Price Change Price Change % Share Price Last Trade
-0.0025 -9.09% 0.025 14:37:32
Open Price Low Price High Price Close Price Previous Close
0.0275 0.025 0.0275 0.025 0.0275
more quote information »
Industry Sector
OIL & GAS PRODUCERS

Coro Energy CORO Dividends History

No dividends issued between 03 Dec 2014 and 03 Dec 2024

Top Dividend Posts

Top Posts
Posted at 29/11/2024 13:45 by bigfoot65
I've emailed Patrick. Waiting for a response. We should set up TG group for Coro that way we can share info when it becomes available
Posted at 28/11/2024 09:11 by bigfoot65
Anyone got an email address for someone at Coro? I would like to email the company
Posted at 27/11/2024 23:50 by digger2779
What's the betting he's working behind the scenes at CORO the parent company despite being forced out in April this year?
Posted at 27/11/2024 20:32 by steelwatch
James Parsons

CORO CLEAN ENERGY VIETNAM LIMITED (13676018)
Company status Active
Correspondence address C/O Pinsent Masons Llp, 1, Park Row, Leeds, England, LS1 5AB
Role Active Director
Appointed on 24 June 2023
Posted at 21/11/2024 09:20 by blakieboy7
Pop eye, if Coro sell their entire percentage, they'll receive cash?!
Posted at 21/11/2024 08:50 by popeye19
Carrington left because Tom Richardson has not got a clue how to run a business and would not listen to anything
He needs to be removed before he kills Coro
Cap raise on way for sure as Conrad will need to have their cash calls for Duyung paid
Posted at 06/11/2024 09:32 by georgesorrow
"The Additional Loan has been provided by Fenikso Limited ("Fenikso"). Tom Richardson, Chairman of the Company, is a director of Fenikso, and therefore the Additional Loan is considered to be a related party transaction pursuant to Rule 13 of the AIM Rules for Companies."

So Richardson is helping Coro out by lending to them at 40% secured against Duyung and the renewables business if Coro defaults.
Posted at 06/11/2024 09:17 by currypasty
"The Loan attracts an annualised coupon of 40% (20% for the six month term), payable on the amount of the Increased Loan drawn down, and is secured on the shares of Coro Asia Renewables Limited and Coro Clean Energy Limited, the holding companies for the Company's renewables businesses."
Posted at 11/9/2024 18:39 by helpfull
Oh! How rude?

Posted something similar on the Empyrean board.

The current price of 1,000scf in Singapore is US$10 at the moment.

The GSA agreement with Sembcorp suggests a 111,000,000scf daily production at Mako.

That would give an annual revenue of US$405 million, and at Coro Energy 15% share, an annual revenue of US$60.75 million or £46.7 million.

Allowing for the cost of getting to first gas, if Coro Energy received one years revenue for the 15% Mako share, a guesstimate can be made of the value of Mako to shareholders.

At 31 July 2024 the obligation under the Eurobond was £24.95m.

The convertible loan is about US$600,000 after 6 months.

Allowing also for 20% of sale value going to Euorbond holders that would leave Coro Energy shareholders with about £16.8 million.

Compared to a market cap. at close tonight of £2 million.

Positive points for Coro Energy are:

It could receive more than 1 years revenue for the 15% Mako stake ($81 million would give a residual £29 million).

The drag along with Conrad would ensure the best price would be received by all partners.

Singapore gas price in GSA might be higher than $10.

Coro Energy has the residual Renewables business.

Negative points:

The convertible loan has a mechanism to produce billions of new shares if there is another cash raise in the next six months. Best result would be to monetise Mako and pay off the loan in the next 6 months.

The Parsons legacy, Lombard, Spreadex and the current diectors.

As ever, you pays your money, you makes your choice.

Be careful.
Posted at 27/8/2024 17:43 by odillon
The convertible loan update is interesting. It says that the RNS "did not correctly refer to the entity holding the Vietnam renewable assets, being Coro Clean Energy Limited"

Originally it referred to "Coro Asia Renewables Limited"

Just how many Coro's are there?

Michael Carrington is a director of both of the above, but not a director of Coro Energy PLC.

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