Coro Energy Share Discussion Threads

[odillon] 25/7/2024 10:33

The Conrad RNS on 24 June Security said;

"Conrad is moving towards finalising a GSA for the Mako export gas over the coming few weeks."

For me "a few" is 3 or 4

So it could be finalised very soon, but one learns to try to be abnormally patient with this deal.

[the sage] 24/7/2024 20:20

On 26th Jun, they stated that the report will be published during July. They have one week today to make that deadline and then apply to relist. It’s been over four weeks since the domestic GSA was signed and Conrad stated that the export GSA should be signed within the next several weeks. it’d be interesting if they both came at once.

[barony] 24/7/2024 18:37

Seems to be taking a long time to get these late accounts out!

[odillon] 22/7/2024 20:05

Thanks BB and Stewart that makes more sense now, cheers!

[stewart4990] 22/7/2024 16:48

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.

[blakieboy7] 22/7/2024 15:59

Margin trading, or "buying on margin," means borrowing money from your brokerage company, and using that money to buy stocks. Put simply, you're taking out a loan, buying stocks with the lent money, and repaying that loan - typically with interest - at a later date.

[odillon] 22/7/2024 15:52

that should of course say Stewart, Apologies I use you talk it types and the microphone on my tablet is a bit iffy

[odillon] 22/7/2024 15:48

Hi Steward

In the light of your message I have just been trying to understand what margin trading is. I can't quite get my head around it. does the email you've received mean that they are expecting volatility?

[stewart4990] 22/7/2024 13:38

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

[odillon] 22/7/2024 13:22

I expected Coro to be back up on AIM again by now. It would be nice to see some variety in the share price, especially of the upward moving kind.

[steelwatch] 12/7/2024 12:28

Just the little matter of the Eurobonds to sort out first.

[blueblood] 12/7/2024 12:10

Put our windfall into renewables and let's get moving with solar and wind!

[the sage] 12/7/2024 10:39

On the Coro website, under the strategy section, the company states that it may monetise Duyung before FID is reached due to the strong gas prices. Once the GSA is signed, this would be my preferred route as we wouldn't have to wait months on end for the FID and we can move on and invest our money elsewhere a lot earlier.

[10owen] 12/7/2024 10:09

On the 24th June when they announced the first GSA Conrad said the second GSA would be delivered in a matter of weeks.Lets hope we get that drop in before we get re listed and see a proper re rate of the share price

[barony] 12/7/2024 10:02

C’mon guys, get the accounts out and get re-listed before you sell off the 15% of Mako!

[blueblood] 10/7/2024 16:00

Think Carrington should be appointed as Director too!

[odillon] 10/7/2024 08:49

I just found the photo of Harry in the board of directors section in the investors area.

It looks to me as if Harry's picture has been taken by a professional photographer. It reminds me of portfolio shots for the fashion industry. The pictures of Tom and Harry look rather anomalous side-by-side. I think either Tom has to go more showbiz or Harry has to go more mundane and just have a headshot, rather than "this season's suits for men"

If a third Director is appointed and their name is Richard that would be a talking point.

[odillon] 10/7/2024 08:30

Agreed the Sage, given what has just happened we need another director to limit the risk of being left with only one director again and it would in any event be good for further expertise and experience to be added to the BOD.

[the sage] 10/7/2024 07:46

I see that the website has been updated with a picture of Harry. It looks like Harry is a renewables expert and Tom will cover oil and gas. I would still like to see one more director.

[odillon] 03/7/2024 14:42

Known to his friends as Harry "Johansson" Beamish

[odillon] 03/7/2024 14:40

Agreed Pavey - this is very encouraging.

[barony] 03/7/2024 08:55

Looks very good. Can’t wait to see the leap upwards when this suspension is lifted.

[pavey ark] 03/7/2024 08:47

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.