Coro Energy Share Discussion Threads

[blueblood] 31/1/2022 16:29

EME very lively this pm. Duyung update imminent?

[stewart4990] 31/1/2022 15:40

Well unless MM's are trying to get stock then there must have been a large delayed sell to pull it down real quick, lets see, decent volume as well thought something was happening, damm

[lazarus2010] 31/1/2022 15:26

the 4m was a buy looking at the actual time the order went through, not the delayed time by the MMs

[johnswan193] 31/1/2022 14:39

They have no control over the GSA so until it gets announced elsewhere they'll have nothing more to say on it, same as before.

[toolsmoker] 31/1/2022 14:06

It's in pounds as was raised in uk

[blueblood] 31/1/2022 13:07

Bit of profit taking before we kick off again. Presenting next week and will need something new to talk about surely!

[helpfull] 31/1/2022 12:16

Is the cash in pounds, dollars or euros. I suspect dollars. Did he say what happens on 12 April 2022? Did he say if he is going to pay the interest that will be due?

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 when on going admin. costs and any other cash commitments are included.

Be careful.

[currypasty] 31/1/2022 10:53

thanks toolsmoker, I also remember a previous comment by Coro directors that loan is 'friendly', ie loan holder aligned with Company and flexible..

[toolsmoker] 31/1/2022 10:49

They have 3.6 mill cash In bank to be precise

[toolsmoker] 31/1/2022 10:48

Helpfull .I've spoke to Mark Hood this morning there are no funds needed .he sounds pretty excited. Show us the newsflow coro

[currypasty] 31/1/2022 10:24

you are quite right, helpful!

I have a small holding here and my hope is that the gas sales contracts will be signed and RNS'd shortly. This should in my honest opinion boost the shareprice significantly and allow funds to be raised and debt re negotiated at far more favourable terms.


Of course the kicker is that coro are entirely dependant to Conrad signing off and it may or may not happen in time.

[helpfull] 31/1/2022 10:16

Remember,remember the 12th April 2022.

Wasn't there a cash raise on 22 February 2021? The company getting its finances sorted. It has to get its finances sorted again this year. Try to negotiate the debt and pay the accrued interest. Is the pump before the inevitable cash raise in progress?

Be careful.

[go_baby_go] 31/1/2022 09:47

This should be good for 0.75p, followed by news 1.5-2.0p. We can't be far off now.

[jamesiebabie] 31/1/2022 09:33

I like it.

[lazarus2010] 31/1/2022 07:30

nice one Solar...from a trading point of view looking good, and looking even better from an underlying investment case and expected news in the very near term re GSA and progress on rooftop solar. Would be great if traders get it up to 0.5p and then news could easily take us above 1 or even 1.5p! GLA niai.

[solarfire73] 30/1/2022 22:10

Zak Mir looks at Coro Energy:


hxxps://www.share-talk.com/traders-cafe-with-zak-mir-bulletin-board-heroes-sunday-30th-january-2022-via-vox-markets/?utm_source=mailpoet&;utm_medium=email&utm_campaign=the-last-newsletter-total-posts-from-our-blog_2#gs.o5alvq

Any positive news from Conrad will surely see substantial gains for both Coro and EME,imo.

[stewart4990] 28/1/2022 16:10

Ask now 0.37 I see there is another market maker on board

[go_baby_go] 28/1/2022 16:05

This is looks to be breaking out now. Possible news next week. 0.33-0.37

[currypasty] 28/1/2022 15:50

0.36 ASK now... You would think with the huge gas prices increase, whoever is sat on the gas sales contract would want to tie this up pretty quick, before Conrad bump the offer price up.

[digger2779] 28/1/2022 14:38

5 mill rollover at top end by looks of it.

[lazarus2010] 28/1/2022 12:14

yeah but US has huge production and export constraints therefore prices are disconnected from Europe and Asia ($200/boe equivalent)

[currypasty] 28/1/2022 09:40

I think gas price is a global issue

[lazarus2010] 28/1/2022 09:16

Curry, why post US gas prices? They don't compare or relate to Asia?



TOKYO -- It's a phenomena rarely seen in commodity markets. As natural gas prices skyrocket across the world, Europe and Asia are paying up to nearly six times more for natural gas than the U.S., as a lack of American liquefaction capacity fragments global markets.

On Tuesday in New York, front month contracts for Henry Hub gas futures closed above $5.88 per million BTUs, more than doubling in the year to date.

The fuel topped $6.46 on Oct. 6, marking the highest level since 2014. On top of climbing air conditioning demand in the summer, production in some places is still at a standstill due to hurricane damage.

But even though they are higher, U.S. natural gas prices lag sharply behind global bench marks. In Europe, the index price for the fuel soared sixfold over a year to the equivalent of around $170 a barrel when using crude oil terms. Upward pressures include stagnant supplies from Russia that led to a shortage of inventory.

For Asia, liquefied natural gas spot prices are at the equivalent of roughly $200 a barrel, quintuple from a year earlier. Meanwhile, U.S. natural gas wallows at the equivalent of about $35 a barrel....

[currypasty] 27/1/2022 21:44

free stock charts from uk.advfn.com

[the donald] 27/1/2022 16:33

Be far more volume if leaky