Coro Energy Share Discussion Threads

[tomboyb] 07/7/2021 08:44

Well -

150mill of which ion gets 5% of venture in which it will transfer its energy projects. That will equate to £1.5mill for Coro on a 150mill valuation for the Flexion venture.

[nithbank] 07/7/2021 08:14

I get the feeling that this venture is starting to be taken seriously.

[stewart4990] 25/6/2021 08:32

Morning,Read the holding RNS after hours in respect of Spreadex, I assume Spreadex have bought in to cover a large bet placed for a long position.Spreadex do cover this way. I remember buying some Amer many years ago a 100000 shares and they actually bought in the market the same time as I executed my spread bet.Anyway that is a large position is that positive?

[digger2779] 24/6/2021 20:29

If spreadex is involved it's never good.

[nithbank] 24/6/2021 18:21

RNS-can't make out if it's good or bad!

[helpfull] 23/6/2021 09:44

RNS dated 29 March 2021 showed Conrad held 54,814,533 shares. Not quite 55,000,000. With so many shares in issue there could be a few people with a 55,000,000 share holding. Be careful.

[currypasty] 23/6/2021 07:18

Im not so sure..

"The share element of the consideration has been priced at a 30 day VWAP of Coro's share price up to the date of signing of the acquisition agreement and is set at 2.3492 pence per share. 60,905,037 shares of 0.1p each ( "Ordinary Shares") will therefore be issued to the WNEL owners as the share element of the consideration for the transaction."

[mrzippo] 22/6/2021 22:17

Thats Conrad out

[currypasty] 22/6/2021 17:22

perhaps its been hanging around in the system a while ?

[stewart4990] 22/6/2021 17:11

oh great, probably a RNS tomorrow with at the very least a reduction of interest, that said surprised they got .28p

[currypasty] 22/6/2021 16:28

wtf 55 mil trade

[digger2779] 22/6/2021 08:21

FFS when are these clowns going to deliver some increase in shareholder value?

[blueblood] 16/6/2021 14:02

Yes not Sound are they :-)

[mrzippo] 16/6/2021 13:27

You've seen the BoD right?

[johnswan193] 16/6/2021 12:37

Curry, what previous guesses as to Coro's share of the Duyung value have you seen?

[currypasty] 16/6/2021 11:09

I sold half mine, still hold the other half just in case.. my humble opinion here is that it all boils down to how much they get for duyung compared to the debt they have. Coro talk of re negotiating the debt later this year. That doesn't sound good to me, id prefer them to have said they hope to pay it all back..

All depends on when duyung is monetised, and if previous guesses as to the value (mainly on eme) was a bit optimistic

Im holding, and not thinking of buying or selling.. just my thoughts

[digger2779] 16/6/2021 11:05

blue - well Duyung news can't be that far away now. It's been awaited since before xmas. Should give this and EME a lift. Well I hope so as got enough of both.

[blueblood] 16/6/2021 10:59

Against my better judgement thinking of buying back in at 0.3p. Can someone please remind me why I shouldn't lol!

[digger2779] 15/6/2021 16:22

curry - what do you expect. The only thing they know how to count is what's in their pay packets ha.

[currypasty] 15/6/2021 13:54

looks like they didn't even count my 'no' votes

[digger2779] 15/6/2021 12:47

I see from AGM results there was opposition to enable them to issue more confetti and Parsons was the least popular by a short margin. The withheld comment was a bit odd as I only had options to vote for or against.
News on Duyung should be soon but not imminent if their previous rhetoric is to be believed. We wait.

[digger2779] 11/6/2021 12:02

hxxps://total-market-solutions.com/2021/06/coro-energy-plc/

Still doesn't tell us much apart from we are in the brown stuff. mentions we spiked to 0.007 recently but forgot to mention it fell back because of confetti at a discounted price to the boys.

[helpfull] 10/6/2021 09:24

Titillating!

"its share price, which has subsided some 95pc from levels of 8p back in 2017 to just over 0.3p"

Nice to have some context. At the end of 2017 as Saffron Energy morphed into Coro Energy there were about 185,000,000 shares in issue. Soon to become 200,000,000 when a cornerstone investor was introduced early in 2018 when Coro Energy did what this company always does and raises cash.

Today there are 2,111,622,173 shares in issue. That's a 10.55 fold increase in the number of shares. So anyone thinking "it was 8p once it could be 8p again" needs to think again. The mammoth share issue in February 2021 has flooded the market with Coro paper. The daily share sales represent the tip of the iceberg. The natives are getting restless. Be careful.