Coro Energy Share Discussion Threads

[steelwatch] 13/4/2022 20:17

Not heard the expression before, but a quick google resulted in:

....used to say that someone is in a very good situation and is likely to be successful

[haveapunt1] 13/4/2022 20:11

What does he mean by “we are golden”?

[toolsmoker] 13/4/2022 19:56

The whole convo actually wentMe So mark are we looking at gsa around the timeframes quoted last month Mark We are golden Me Say no more thks and good work

[buzzzzzzzz] 13/4/2022 18:50

Curry

I think he said we are golden.

[haveapunt1] 13/4/2022 17:49

Dyung wasn’t mentioned as it’s about to be released. Maybe tomorrow but def Tuesday. As for “helpful”; nor really sure why he is continually “warning”; people. Maybe take your own advice and sell out if your so concerned? €5mil free cash from Italian, and selling Dyung makes coro debt free and revenue generating at a mcap of £10mil. Yes, be careful

[buzzzzzzzz] 13/4/2022 17:12

I have no confidence that it will be next week, more likely next month!!!!

[helpfull] 13/4/2022 17:00

Oh! How rude?

The sale of the Italian assets? The reason that Coro Energy has the Italian assets at the moment is due to the fact that they couldn't sell them. Tried twice and couldn't. Virtually gave them away. The bureaucracy is stifling in Italy. A third attempt might be embarrassing. There are ways but it is not going to happen anytime soon.

A RNS from CIS Merchant Capital Partners today noted the Completion of the Debt Restructuring at Coro Energy.

Re-iterated:

"Coro will continue to actively pursue and support Conrad Asia Energy LTD (the operator of the Duyung PSC) to pursue the sale of the Duyung PSC asset"

I think the sale of the Duyung asset ASAP is the more likely scenario. The pressure on Coro coming from the bond/debt holders. The sale before (impossible) development costs in the next two years. Any major funding would more likely come from CIP/ Lombard, cornerstone investors, and I don't think they are keen.

Be careful.

[pavey ark] 13/4/2022 16:26

Fist of all I must say that things continue to look very good for Coro but the recent interview was rather strange.

Yes the Italian gas is great and the advances in Vietnam are equally very good but ....hmmmm...Duyung !!!???

He almost brushed this aside....."well we have the debt sorted so we can forget about it for the next two years"......I don't think so.

The Italian gas should provide bumper cash flow but the large scale renewable project (very close to his heart) will require significant capital even if funds are raised elsewhere the priming capital required will be multiples of the current market cap.
In addition if they hold onto Duyung then they will have large development cost (c. $40m for their share).

The very least that Coro can do is sell down their share to fund the development costs but I strongly suspect that an outright sale is more likely.

Obviously there is a mismatch between a £10m (micro cap) and the projects they envisage completing in SE Asia.

Another possible route would be to get the Italian gas flowing then sell the lot for much gold....certainly more than the original £300k!!

So plenty of options and certainly no pressure.

I think Duyung and the Italian assets are worth many multiples of the current market cap but neither is particularly close to the heart of management and they will be used to raise cash for the renewables programme.

[currypasty] 13/4/2022 15:52

what was Mark's quote? Golden ticket, or Golden something?

lets hope next weeks then

[buzzzzzzzz] 13/4/2022 15:46

GSA

Like waiting for Godot!!!!!

[blueblood] 13/4/2022 15:34

Hoping for GSA next week but been thinking that for ages!

[haveapunt1] 13/4/2022 15:13

Interesting no mention whatsoever on Dyung. Especially when asked if there was anything else Hood wanted to share with investors. I have a feeling GSA is inbound. Not mentioning the most important, significant short term value driver. Interesting

[lazarus2010] 13/4/2022 14:12

is that Fong Foo or Pong Poo?

[blueblood] 13/4/2022 13:57

Will final be out next week in line with previous year? Really need that GSA to smash through 0.5p barrier now

[toolsmoker] 13/4/2022 13:53

https://www.proactiveinvestors.co.uk/companies/news/979665/rooftop-agreement-in-vietnam-a-fantastic-step-forward-for-coro-energy-says-ceo-hood-979665.html

[buzzzzzzzz] 13/4/2022 09:26

Just to make sense of CORO telegram

M = Toolsmoker
Daniel= Laz

Me I should be Buzzzzzzzz1

[buzzzzzzzz] 13/4/2022 09:10

tooly

Hope you are right and I am wrongo!!

[currypasty] 13/4/2022 08:18

If they are planning a proactive interview, that a very good sign.. just hope they dont get covid this weekend

[toolsmoker] 13/4/2022 08:15

I'll call it coming next week Tuesday or Wednesday. After speaking with Mark I'm very optimistic

[buzzzzzzzz] 13/4/2022 08:08

Tom Kelly said this week the GSA will get signed when it gets signed and Mark Hood said we are golden!!!! He's too young to have been to woodstock!!!

The above does not fill me with confidence that it's coming anytime soon.

As I said previously hard ball being played!

On the other hand the values mentioned on Telegram are very exciting!!

[toolsmoker] 12/4/2022 21:20

Last time they sold at .30 1% in Dec 2021 I'm sure .must just be a little house keeping for them .annoying as it is its given other the opportunity to get in cheap in my opinion

[helpfull] 12/4/2022 20:56

Oh! How rude?

The large shareholder had about 300,000,000 shares. 112,500,000 Placing Shares were bought at 0.4p in the cash raise last February. It will be interesting to see if there are many more to come. The large shareholder, Lombard Odier, is also the €11,500,000 Tranche B debt holder.

Be careful.

[currypasty] 12/4/2022 20:43

barsards off with their heads