Coro Energy Share Discussion Threads

[blueblood] 05/1/2021 11:40

There we go. No stock around!

[blueblood] 05/1/2021 11:10

They are out of cheap stock and will have to start marking it up in line with buying volume if it continues

[currypasty] 05/1/2021 11:03

could do mate, price monitoring extension could mean buy orders in that need filling

[blueblood] 05/1/2021 10:45

Gap up to 0.7p possible....

[currypasty] 05/1/2021 09:15

it stated quite clearly in that broker note that the loan was in 'friendly hands'
I guess that punters are waking up to the fact that Duyung will be sold at some point, but CORO is not under pressure. The friendly hands may want to bankroll the new direction the company is taking as well?

[blueblood] 05/1/2021 09:06

First bag completed looking for lots more in next few months with 2.5p target.

[wright10_10] 04/1/2021 23:33

Agreed blueblood. They must’ve bought at 8p years ago

[blueblood] 04/1/2021 11:40

Nice to see more blue and starting to re-rate from well oversold position

[blueblood] 04/1/2021 08:06

Think there is every chance and possibility of Q1

[blueblood] 03/1/2021 18:21

Sell Duyung move into green energy and 2.5p share price for 2021

[nithbank] 01/1/2021 20:21

Align note is quite detailed and includes this:Investors might have been put off by debt and a lack of obvious progress with little news. It has to be pointed out that James Parsons has a proven track record in renegotiating such debt and anyway the companys 22 million Eurobond issue (raised to pay for its stake in the Duyung PSC) is in friendly hands. Moving ahead, the news flow looks to be good.

[digger2779] 01/1/2021 17:53

Align note says

Coro could fund its share of the development of the Duyung PSC in many ways. Operator Conrad Petroleum may seek to reduce its 76.5% holding stake with a farm out deal. If Coro tagged along and if the development was project financed on a 40% equity and 60% debit basis – the sort of investment required by the company would most likely be in the region of US$10 – 15 million and not US$20 – 40 million. Obviously, this is all dependent on the development concepts and the market will get a lot more clarity over the coming 6-9 months.

What about the Eurobonds circa 23 million? How will they pay them off without selling their share of Duyung. Issuing confetti at current levels would be disastrous for PI's or am I missing something?

[nithbank] 01/1/2021 17:06

From Safiende on Empyrean's board:Coro is one of ALIGN Research?s top 7 tips for 2021. Issued on Dec 30. Reads very well if you are a Mako fan.– CORO ENERGY – Current price 0.42pGrowth in electricity demand in South East Asia is amongst the fastest in the world and a compelling play on this enormous opportunity is Coro Energy, a company which has rapidly developing Etc...

[wright10_10] 30/12/2020 20:17

Here’s to hoping 2021 brings 2.44p or more. Thank you guys for your replies. Nikki :)

[currypasty] 30/12/2020 18:48

Our SOTP valuation totalled US$15.75 million or £11.91 million. Based on the number of
shares currently in issue (793,322,635) the per share valuation would come out at 1.50p.
Looking on a fully diluted basis (1,266,897,635), we have added the funds that would result
from the options being exercise of £18.92 million which gives a total of £30.85 million which
equates to a share price of 2.44p.

[go_baby_go] 30/12/2020 18:32

Steel, I see, cheers.

[steelwatch] 30/12/2020 18:16

g_b_g - fat finger trade, so only 1 x 1,111,111 worth £5k stands:



The link is only valid today, so here's a screen grab:

[steelwatch] 30/12/2020 18:11

Read this, (with a pinch of salt if you like):

[wright10_10] 30/12/2020 16:10

I don’t really know much about this industry or company but I hold just under 1 millions shares. I bought half at around 1p and half around 0.3p. In your opinion where do you think this share price will get to long term? Thanks in advance

[go_baby_go] 30/12/2020 15:08

3 x 1,111,111 buy. 15k

[currypasty] 30/12/2020 14:08

was that one 1111111 buy or three?