Coro Energy Share Discussion Threads

[lazarus2010] 12/4/2022 20:25

My bofp calc says they sold 0.88% which is 18694847.636638 shares or 18.7mln, not a huge amount but enough to keep pushing the share price back every time it tries to rise

[currypasty] 12/4/2022 20:08

i bet lots of PI's have sold or reduced too... pure boredom the last few years

[toolsmoker] 12/4/2022 20:01

Curry .they sold 8% before at .30 .I'm pretty sure it's a minor sell or some house keeping as they have been inside for months on the funding for coro

[currypasty] 12/4/2022 19:53

seems a bit odd.. i guess if they want out, it will take ages for market to absorb, even with Duyung rns... good chance next week, if they are talking about a pod cast

[toolsmoker] 12/4/2022 19:48

Prob the same reason they sold at .30 also .funds don't work like that never have never will .they sell when they want or have to as certain points

[currypasty] 12/4/2022 19:46

Resulting situation
on the date
on which threshold
was crossed
or reached 13.21% 13.21% 280,635,156
------------------ ---------------------- -------------- --------------------
Position of
previous notification
(if
applicable) 14.09% 14.09%
------------------ ---------------------- -------------- --------------------

[helpfull] 12/4/2022 19:38

Oh! How rude?

It's a puzzle. Why didn't the large investor speak to "Mark"? They might have learnt that the GSA is on its way.

And that the share price will be worth many, many multiples of the current share price.

And the Italian assets will generate "6,000,000" FCF.

And that the renewable energy projects in Asia will generate profits.

And that the debt will not be a problem in two years time.

So much to be positive about yet the large investor chooses to sell shares. Below 0.5p. Who would thunk it? Annual figures to await in a week or so.

Be careful.

[toolsmoker] 12/4/2022 16:04

Download the app then click on that link below

[buzzzzzzzz] 12/4/2022 16:03

How do I get on Telegram pls!

My computer won't support the App and when I try on my mobile and put my email address is it says not a valid address!!!

[toolsmoker] 12/4/2022 15:53

https://t.me/+2PWZommW8fBiMmQ0

[toolsmoker] 12/4/2022 15:52

Join the coro telegram group I told everyone the convo I had with Mark thismorning what he said

[currypasty] 12/4/2022 15:44

how does we are golden stack up against first quarter, 2-4 weeks, within the next month and imminent ?

[stewart4990] 12/4/2022 15:37

Definition

"we are fine" "we couldn't be better" "we don't need anything" it's basically saying everything is as good as it could be. ·

[lazarus2010] 12/4/2022 15:37

2.5mln...looks like a buy...MMs haven't been taking much stock even when the bid supposedly went to .49, they wouldn't take more than a few hundred k before going to market.

Now that the 2.5mln has gone through they will take 1mln at 0.4812

edit, and no sooner did I post that the MMs have dropped the amount of shares they will take back to c. 200k before going to market.

Seems like we either have a constant seller or the MMs are very nervous about taking too many shares on their books...

[lazarus2010] 12/4/2022 15:34

Buzzzz...it wasn't MH per se, it was a reported response from him when asked a question re gsa. Are you not on Telegram?

[pavey ark] 12/4/2022 15:31

Toolsmoker, just noticed you post on the other board "all Wells will be up and running over the next 6 months" .....from the horses mouth so to speak.

Can you elaborate as this is fairly massive.

Align suggested a production of over 80k scmd with all wells up and running but I suspect that the biggest well Sant'Alberto may require additional drilling ....of course this could be done in the six month time scale.

All wells on at 80k scmd would CERTAINLY justify a market cap greater than today's rather miserly £10.5m.....I mean it would justify this value (and more?)before Duyung and the renewables !!!

[toolsmoker] 12/4/2022 15:11

I think it means it's about to drop at anytime

[pavey ark] 12/4/2022 15:10

nametrade,(post 1838) I would have a lot more sympathy for your views if you were prepared to spend 10 minutes in your garage with the IC engine running or perhaps not show such callous disregard for the effects of air pollution on people's health......and that's before we even go near the long term effects on our climate....or are you a true disbeliever ?

Things are improving certainly in the UK and hopefully as a result of the efforts made by Coro and others things will improve in SE Asia.....and there is the very real bonus of being able to adopt a pious self righteous stance and the same time making lots of cash.......the two are certainly not mutually exclusive.
( I have made very good returns from my renewable/environmental investments)

Just checked on the excellent National Grid site and the percentage of electricity generated from fossil fuels in the UK has fallen from 70% to 38% in the last ten years and is continuing to fall.

Don't want to upset the Daily Mail/Telegraph set but anyone who things that IC propelled car will be the norm in 10 years is rather behind the game.

Back to Coro and not only is there cash to be made from renewables but being almost a first mover in a part of the world with very little in the way of renewable energy production looks good to me.

SE Asia has booming/sound economies, a rising population and most countries are committed to producing renewable energy and reducing pollution.......Arrr!!..... there's money in them there rooftops/hilltops !!!

[buzzzzzzzz] 12/4/2022 15:09

WTF does trhat mean and why is he saying it on Telegram???

[helpfull] 12/4/2022 15:01

Oh! How rude?

Every time you post it would appear you have just spoke to "Mark". I hope you don't sign off from him with that dirty mouth. Did he mention anything about costs now that the Italian assets are being brought back onto the balance sheet?

The Duyung GSA in 2-4 weeks hasn't arrived for EME and I doubt it will arrive in 4-6 weeks for Coro. Did "Mark" inform you if he would be selling the stake in Duyung and for how much? Does he have a 2 year exit strategy? Or if he can sell the stake to cover debt costs?

Be careful.

[lazarus2010] 12/4/2022 14:59

on Telegram Coro page, apparently MH says 'we are golden' with ref to the GSA

[toolsmoker] 12/4/2022 14:24

Seller cleared .a few larger prints to happen soon .they are in safe hands

[toolsmoker] 12/4/2022 14:12

It's ok the 500k a month from Italian gas will sort that out .spoke with Mark this morning all Wells will be up and running over the next 6 months them alone warrant a higher market cap .Next for the GSA .its always good when helpfull shows up its a sign of how desperate some are to keep the price down .ta ta tool

[helpfull] 12/4/2022 13:08

The Power Purchase Agreement in Vietnam.

How much does it cost?

"initial funding by Coro of US$500,000 to immediately develop a 5MW pilot rooftop project through to 'Ready to Build' status"

and

"the right to fund the construction of the 5MW pilot project, estimated at US$3.5m"

The project is "expected to achieve 'Ready to Build' status during 2022". And build the project in future years "with a view to securing near term cash flows (estimated at around US$0.6m per annum unlevered, net to Coro)".

Yesterday, shareholders were informed in the new agreement that the customer would pay "7.3 US cents (equivalent) per kWh". Is that 5.6p per kWh? Cheap at British prices today. 25 years and a maximum revenue of $11,000,000. That's $440,000 per year. An 85% share is $374,000 per year. Revenue.

The construction might take 2 years and cost $4,000,000. Just in time to add to the $35,6000,000 debt now due in April 2024. That's before any revenues.

The company is going to issue annual results soon. It will be interesting to see the effect of its move into renewables.

Be careful.