Coro Energy Share Discussion Threads

[10owen] 08/3/2024 13:31

You couldn't make it up the trading on both Coro and Eme.Looks like we need blockbuster news rather than just good news to move this up and keep it up.Bring on the Duyung sale.

[begorrah88] 08/3/2024 13:00

Uncanny isn’t it?

They stimulate a bit of buying (I have my doubts over yesterdays buying as it gave the impression of being MM to MM to try and create excitement, draw in some genuine buyers that they then dump into & settle their books in the pm, we have had the similar pattern a few times) then the share price gets taken back down - the 3m sells are now a regular feature.

Oh well, at least today’s RNS was a bit better.

[rafboy] 08/3/2024 12:57

Madness the selling. Great company with regular and increasing revenue to come. Then the GSA arrives and there is so much more.

[currypasty] 08/3/2024 12:54

great news... for someone to sell into again

[allinforabigprofit] 08/3/2024 12:08

Got better, Works begin 430kw March 24, scheduled complete 28 days, then income next month. Nice boost to the company.

[digger2779] 08/3/2024 12:05

Decent news of a binding 14 yr agreement on the renewable side of things

[steelwatch] 07/3/2024 16:35

Clients of maybe, long and short traders perhaps? Spreadex buying/selling to cover.

[currypasty] 07/3/2024 15:43

are they short ?

[10owen] 07/3/2024 15:35

Love to know who keeps selling these.Any idea guys?.

[rafboy] 07/3/2024 11:16

It does seem as if there is more interest in CORO recently. Let’s hope it isn’t too much longer until the GSA is completed.

[showme01] 06/3/2024 10:54

Good to finally see some buying. Long may it continue with news due soon ( hopefully) on GSA signed.

[begorrah88] 05/3/2024 12:54

I don't think that is the case. I was surprised that CRD didn't have much of a reaction though & ideally, I would love to see a list of how many more 'milestones' there are to be ticked off before a signed GSA is issued.

[crankylad] 05/3/2024 12:42

Begorrah you could be right, but it would also indicate going by your assumption that the Indonesian energy minister was in on the 'ramp' to facilitate a fundraising ..

[begorrah88] 05/3/2024 12:29

That's kind of the point I'm making crankylad. I know you like to naysay any post I make - you always have, but the share price has fallen 25% in a week. Our nearest direct comparison - EME - with the same GSA considerations, hasn't.Yes it could just be a lot of coincidental big selling but that last RNS appeared to have no trigger for its' issue & the presentation handily implying a Q1 GSA looked curiously well timed to hit just as someone wants to sell a lump.Each to their own

[currypasty] 05/3/2024 12:25

coro mcap only £5m not much chance of raising much cash to fob off loan note holders.. perhaps they will promise them an even bigger slice for another extension...

[crankylad] 05/3/2024 12:20

Of course no one can say for certain that a company isn't planning a fundraise or not, the selling of shares could be just down to the lack of any perceived actions, like the signing of the GSA which could come anytime and CORO has no control over that, so done who claim that its looking like a fundraise is in progress could be wrong and so depriving those who took the decision to sell just on the fund raise speculation missing out on any positive company news, of course the GSA could continue to drag on resulting in the necessity of a fund raise, but with the latest news that the Indoneisian energy minister has given approval the full signing of the GSA could be imminent?!!

[begorrah88] 05/3/2024 12:13

BtwTom Richardson does not hold a single share in CORO - appointed ned in July 2023 of a company supposedly on the cusp of a transformational GSA & doesn't buy a single share?!If there is a fund raiser it'll be interesting to see if he dips his hand in his pocket or will he be 'gifted' some shares in a director reward scheme?

[begorrah88] 05/3/2024 12:01

Yep, we're being done over somehow.Sp doesn't budge on buys but jumps down the moment a 500000 sell hits.Indicative of a heavy lump of stock sat with a MM My guess would be the debt holders selling off a load of the free stock they got ( before the AGM vote stopped it) before they get another load in a re-neg of the debt terms.A sort of forward selling in case they are restricted in any new deal. When the share price stops dropping I think we'll find out what price they are raising funds at. all my own views btw but been here many times before with various companies & the usual stink is being given off.

[digger2779] 04/3/2024 18:58

Couple of chunky trades at the end. Not convinced that the 10 million was a buy but the late 15 million was a sell.
Something stinks here and after receiving an after hours kick in the gonads by confetti Harry of Kefi fame I'm not a happy bunny.
Wonder what tomorrow will bring ...hmmmm.

[showme01] 04/3/2024 15:35

Beggorah, it's an awful lot of money to renegotiate next month. It might concern some. Personally, I prefer EME. Smaller interest but a lot less debt that has already been negotiated and there is a lot of additional upside if Topaz gets drilled. Hopefully both EME and Coro shareholders do very well out of Duyung

[begorrah88] 04/3/2024 15:13

Oh no, toolsmoker coming back is yet another troublesome sign & adds weight to my concerns.Always, & I mean always, coincides with the share price being dumped into.

[toolsmoker] 04/3/2024 15:10

Distressed seller been at it for a few days .lots feeling pain in these markets

[begorrah88] 04/3/2024 15:04

Twice as many buys as sells yet 7% down so far today.The early 2 x 3m sells did the usual of taking the share price down yet 15m of buys only temporarily managed to lift the offer (just came back down on no trades) someone must have a lump of stock waiting in the mm's hands to be dumped.Why would anyone be doing that during a countdown to GSA.Either they don't think a GSA is going to happen, even by the end of q2 ( & who could blame them given the years of history here) or they are expecting some fund raising or issue with the upcoming debt. I would expect a holdings update from someone soon.