Coro Energy Share Discussion Threads

[blueblood] 26/1/2022 16:03

Interesting that one of our rumoured GSA partners Sembcorp are big in renewables too. Would be great long term strategic partner!

[currypasty] 26/1/2022 14:35

I don't think mh abs tk are allowed to ask any questions, have any input, sell their % if they wanted, say anything about anything. They are allowed to pay any costs when due. And so we wait

[blueblood] 26/1/2022 13:54

The only calls should be made by MH & TK to Conrad asking them what they are playing at!

[lazarus2010] 26/1/2022 13:42

I'd rather Call Saul ;-0

[blueblood] 26/1/2022 13:35

Better ask Saf for update

[lazarus2010] 26/1/2022 13:21

a bit of buying or a couple of rollovers?

Conrad must be close to signing the GSA(s) by now!!

[digger2779] 26/1/2022 12:36

blueblood - I was hoping Duyung news would've dropped by now. it can't be too far away surely.
As far as the green dream is concerned it may be flavour of the month for investors perhaps but in the long run it's a white elephant.

[blueblood] 26/1/2022 12:00

Where's the green projects update too? I hope the BoD are earning their crust not just eating cake and drinking wine......

[blueblood] 25/1/2022 13:28

Wow lots of interest here given potential! Get those bloody GSAs signed Conrad!

[stewart4990] 21/1/2022 13:35

Laz,

Agree might add a few more for myself, just waiting to see how eme goes.

[lazarus2010] 21/1/2022 13:22

really surprised at the lack of buying here considering the green credentials and the underlying value of Duyung which should result in a multibagger as soon as the GSA is announced...still, at least this is allowing us to add more here...2m more in the pot for me.

[helpfull] 21/1/2022 12:53

Papa needs a brand new car! Trying to move the share price up on a few hundred shares. Perhaps it the much vaunted Duyung news? That's been coming for the last few years. No sign yet. But it's got to arrive sometime hasn't it?

Or not. Remember last January? A rise in the share price. Duyung was going to arrive then wasn't it? And how did that end? A cash raise before the end of February and the bubble deflated. Were you caught out? Became a long term holder? The company needs to negotiate its debt before 12 April 2022 and might at the same time raise cash if it is to pay interest obligations.

Be careful.

[blueblood] 20/1/2022 15:26

Think they will move fast once it kicks off. Their HNWI investors will want big bucks sooner rather than later now they are 5 years down the line before they get too old lol!

[judijudi] 20/1/2022 15:16

blue,
I don’t think Conrad can even spell “quickly”;

[blueblood] 20/1/2022 14:18

Gas prices in Asia making this a slam dunk. Expect Conrad will want to move forward quickly to FID with favourable macro economic background. Asset could be worth 4-5 times as much as original estimates. 2p a share looks nailed on down the line!

[buzzzzzzzz] 20/1/2022 10:01

Another 1M for me!

[digger2779] 19/1/2022 13:16

Hopefully Duyung news may drop any time before the 10th Feb presentation.

[helpfull] 19/1/2022 11:57

Tickety Tock! Debt funding shock.

Perhaps the presentation will address the 12 April 2022 deadline. Are negotiations happening? After all, the 12 April 2022 will arrive on time. Unlike Duyung news.

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.

[the donald] 19/1/2022 11:00

Shame, still nothing clearer in terms of timescales regarding Duyung in this Q&A today.

[steelwatch] 19/1/2022 10:58

Presenting in Edinburgh 10 Feb. Video usually available a couple of days later.

[currypasty] 19/1/2022 10:52

2022 Q&A

[lazarus2010] 17/1/2022 14:08

Freakin Conrad really need to get their finger out and get these GSAs signed. Supposed to be a possibility that they would be completed before Christmas and now we're 3 weeks later and no sign of any deals being done. I'm sure they will be but it's taking an unbelievable amount of time!!

[blueblood] 17/1/2022 13:34

Be good to get update on 1st 5MW solar project as it's meant to be up and running in Q1 2022 according to Align brokers note. Conservative 1.62p target or 5 bagger from here!http://www.alignresearch.co.uk/cpt-company/coro-energy/

[stewart4990] 13/1/2022 14:29

Come on Coro, get that Duyung, Vietnam or renewables info out, then I can go and buy a couple of sandwiches for lunch instead of making one last 2 days.

[digger2779] 13/1/2022 14:21

Unless there's a big sell in the background the mm's are toying with us. Or perhaps further delays on Duyung?