Coro Energy Share Discussion Threads

[the donald] 12/1/2022 09:28

Should be soon and this company will look hugely undervalued. Should lead to market cap considerably higher than it is now.

[buzzzzzzzz] 12/1/2022 08:37

Blueblood

Fingers crossed news soon but Conrad taking their time.

[blueblood] 12/1/2022 08:10

Just bought another 1.2m ready for major news now!

[lazarus2010] 11/1/2022 13:43

nametrade...was tongue in cheek mate...whoosh, right over your head lol ;-)

[nametrade] 11/1/2022 12:22

Laz, Why do you think Sembcorp are waiting for gas prices to fall… the GSA will have prices linked to spot prices somewhere along the line and so current prices don’t matter..??

[helpfull] 11/1/2022 11:37

Don't get dragged in. The balance sheet is the most important. There are "investors" trying to initiate the next spike on the back of Duyung news. Duyung news never materialised last year. Will it happen this year? Don't get caught on the wrong side of the next cash raise.

At the end of H1 2021 Coro had cash of $4,712,000. Quite a lot of money. General and administrative expenses for H1 2021 was $1,686,000. Let's assume expenses were less in H2 2021, say $1,500,000, leaving $3,212,000 cash currently. Still a large amount.

Now. The €22,500,000+ debt. Cast your eyes forward a few months to 12 April 2022. Interest from Tranche A will be due at €562,500. At €1.13/$ that is $635,000. That would leave $2,576,375 in cash. A handy sum.

But, on 12 April 2022, "accrued, unpaid interest of €2.3m ($2.7m) will fall due". That's unpaid accrued interest on Tranche B of the debt. $2,600,000 in today's money. Cash would be wiped out. Add on ongoing admin. costs and cash would be strongly negative. And any other cash commitments. Negative, negative negative.

Another cash raise could be on the horizon. The overall €22,500,000 debt needs to be renegotiated. What inducements would be needed? If the Tranche B interest of $2,600,000 was converted to shares that would be 620,000,000 new shares alone.



The debt needs to be sorted out. It will happen before 12 April 2022. The clock is ticking. Be careful.

[go_baby_go] 11/1/2022 11:33

MM tree shake on no volume. Could not resist.

[lazarus2010] 11/1/2022 11:13

g_b_g...good timing on your buy, although anything starting with a .2 or .3 is surely going to prove to be good timing!?

[stewart4990] 11/1/2022 10:15

From Twitter just now.Gas produces less than half the CO2 of coal, and will be a key element in the global energy transition. Coro aims to support the energy transition in SE Asia with a renewables-led portfolio, harnessing the region's natural wind & solar resources to power homes and economic growth

[lazarus2010] 11/1/2022 09:50

Stew, agree to an extent but they have us over a barrel! Seems very strange that the discussions are lasting so long, as it would seem to be in Conrad's interest to sign the GSAs and then progress with developing the field. Clearly as they are a private company they don't have to appease shareholders/the market, although I am sure they have their own shareholders who are anxious to see some financial benefit from the asset sooner rather than later.
Reasons for delay in signing the GSAs? Covid? Government bureaucracy? Sembcorp waiting for gas prices to fall? Conrad playing them all off against each other to get the best price (could be dangerous!!). Considering Mark Hood was of the opinion that the GSAs might have been signed pre Christmas we're now 2.5 weeks late and still no real sign of anything happening...but then I guess we will never know until an actual announcement is made (ie I doubt Conrad will say 'we've signed and sent contracts to other parties and are now awaiting their signatures' or 'all contractual terms have been agreed and documents are being prepared for signature'!?

We just need to sit and wait, and wait, and wait...

[go_baby_go] 11/1/2022 09:46

Down on no volume. So picked up another 1m @.295

[stewart4990] 11/1/2022 09:27

Morning,It very much looks like Conrad have a strangle hold on Coro and eme, they were quick enough to take the investment but don't seem to want to release any info on Duyung update or valuation.It seems like they want to force eme and Coro to sell their holding back to them on the cheap, that said may be Conrad are not able to say anything because of confidentiality agreements, either way it's hurting Coro and eme.Time to get tough with Conrad been going on far too long.

[lazarus2010] 07/1/2022 18:56

Can't believe the lack of any volume / buying considering the clear potential from Duyung alone!

[buggy] 07/1/2022 10:10

Helpfull,

That is a great handle for you. Do you work for the Samaritans by any chance? It is a breath of fresh air to come across someone who spends his time trying to ensure that mug punters do not lose their money.

Not invested here but decided to have a look at tread and, over the last few days, noticed that about 80% of the posts are from you.

Mind you if you spend half as much time researching on shares you will actually invest in , you will do pretty well. That makes your selflessness in spending that time warning people not to lose money all the more commendable.

Unfortunately I have no altruistic bone in my body, the stock market is a big boys play ground and those that can't hack it, ( do their own research before investing their hard earned), should not be in it They also have an option of finding a fund manager or using an advisory broker.

[helpfull] 07/1/2022 08:47

" Can't see any downside here"

Try this.

At the end of H1 2021 Coro had cash of $4,712,000. Quite a lot of money. General and administrative expenses for H1 2021 was $1,686,000. Let's assume expenses were less in H2 2021, say $1,500,000, leaving $3,212,000 cash currently. Still a large amount.

Now. The €22,500,000+ debt. Cast your eyes forward a few months to 12 April 2022. Interest from Tranche A will be due at €562,500. At €1.13/$ that is $635,000. That would leave $2,576,375 in cash. A handy sum.

But, on 12 April 2022, "accrued, unpaid interest of €2.3m ($2.7m) will fall due". That's unpaid accrued interest on Tranche B of the debt. $2,600,000 in today's money. Cash would be wiped out. Add on ongoing admin. costs and cash would be strongly negative. And any other cash commitments. Negative, negative negative.

Another cash raise could be on the horizon. The overall €22,500,000 debt needs to be renegotiated. What inducements would be needed? If the Tranche B interest of $2,600,000 was converted to shares that would be 620,000,000 new shares alone.

A murky situation. Coro Energy needs to renegotiate its debt. More important than Duyung POD or GSA's. Cash could be a major problem. A cash raise anyone? That could be a "downside from here".

Be careful.

[the donald] 06/1/2022 11:39

Topped up some more today. Some to trade on Duyung news soon and rest will hold as a free carry to see how the green energy projects take off. Can't see any downside here.

[lazarus2010] 06/1/2022 11:35

0.3225/0.339

not a bad spread.

Any decent volume and the share price will/could possibly/just might take off ;-)

[realcooltrader] 06/1/2022 11:30

Just topped up, got some at mid.

[go_baby_go] 06/1/2022 11:05

There has been some very chunky buys over the last month, which leads me to believe some significant news is due. I've been adding over the past couple of weeks.

[the donald] 06/1/2022 10:57

gobabygo. I'm surprised the lack of volume here considering the huge upside potential for an asset that is already discovered.

[helpfull] 06/1/2022 09:32

Should you be investing in Coro Energy if you don't know the debt position? Or be trying to get others to invest? Does the debt have to be paid off in March 2022? That's two months away. Wasn't the renegotiation of the debt a key target for 2021? It hasn't been announced yet. Has the Italian assets sale been confirmed? Has the updated POD by the operator of the Duyung assets been announced yet? Any announcement about the GSA negotiations by the operator?

There are 2.2 billion shares in play here. 1.4 billion shares from the cash raise in 2021. That was at 0.4p a share. That's an awful lot of people who got this share wrong. There appears to be a long queue of people repeating the process again this new year.

Be careful.

[go_baby_go] 06/1/2022 09:11

Looks good for a rise to .75p without news. Then a jump to 1.5-2.0p on News. Could be anytime.

[the donald] 06/1/2022 08:26

Buzz you have to factor the debt raised to buy into Duyung. Total debt circa £20m so net value nearer £50m but that is some way off the current market cap of £7m. Many bags of potential though.

[buzzzzzzzz] 06/1/2022 08:25

JJ

Thanks!!!

I also believe CORO have some debt not sure how much.

[jemjem] 06/1/2022 08:23

If you insist. ;-)
EME have 8.5%