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CORO Coro Energy Plc

0.114
0.00 (0.00%)
17 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Coro Energy Plc LSE:CORO London Ordinary Share GB00BDCFP425 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.114 - 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Natural Gas Liquids 6.71M -4.12M -0.0014 -0.79 3.15M
Coro Energy Plc is listed in the Natural Gas Liquids sector of the London Stock Exchange with ticker CORO. The last closing price for Coro Energy was 0.11p. Over the last year, Coro Energy shares have traded in a share price range of 0.114p to 0.425p.

Coro Energy currently has 2,866,858,784 shares in issue. The market capitalisation of Coro Energy is £3.15 million. Coro Energy has a price to earnings ratio (PE ratio) of -0.79.

Coro Energy Share Discussion Threads

Showing 8101 to 8123 of 8250 messages
Chat Pages: 330  329  328  327  326  325  324  323  322  321  320  319  Older
DateSubjectAuthorDiscuss
12/4/2024
20:54
Thanks Pavey.

Just out of interest.. you mention that the Duyung asset is worth $40-50m to Coro.

Forgive me if I am wrong, but I thought Duyung NPV was at least $80m? Plus when you look at the current Brent Crude Oil price, then surely the Duyung NPV should be inflated even further?

Ok, so the new gas reserve estimate for Coro has been reduced recently (by about 15%)

That still gives an NPV over $70 million. (Am I right?)

And at least the renewables (as you quite rightly say Pavey) are being very well developed, so Coro clearly see a positive path forward here..

I have done a little research around companies doing gas sales in Indonesia over the years. Many (BIG) players have pulled out previously because of the political bureaucracy and red tape. But it appears Conrad are getting over the final hurdles (fingers tightly crossed), albeit it has taken far,far longer than hoped or anticipated. But we are where we are, and we are inching ever closer to this deal being finalised to supply much needed gas to Singapore and Indonesia. (Don't forget the Keppel Jurong plant being built by Sembcorp, to be ready by 2026).

Now, Coro may be offered to sell enough of their Duyung stake up front to pay off the $30m loan, which would be a result, and then keep the remaining stake so they can receive regular gas sales payments over so many years.. (I am no expert at these things, as I am sure there are many complexities involved in such a transaction.)

There has also been mention of 'Drag and Tag Clauses', which I will be honest, would like someone to kindly explain what that could look like.

Thanks.

jason90
12/4/2024
20:03
A lot of info and a lot going on but something has to give ..........the current situation is just bizarre and frankly unsustainable.1 The market cap is c.$6m...........tiny!!!2. This tiny company has a debt of $30m3. The debt is against an asset of $40m-$50m (over which they have little control)4. This tiny company has solar assets in Vietnam worth c. $3m AND has signed agreements with a major retailer to install 50MW of solar and possibly over 300MW.......a major Vietnamese bank ( after long due diligence) is willing to provide the finance......this is a big deal!!!!!5. This tiny company has installed a 130m met mast and is close to RTB status on two 100MW renewable projects in the Philippines which could easily be monitised for $10m to $20m with a further two being developed.Ridiculous debt .....massive assets...limited current cash....and a tiny market cap.Throw in a shareholder base that is only interested in Duyung and you have a very unstable situation.I don't know what restructuring is intended but obviously things have to be sorted out.....rationalised.
pavey ark
12/4/2024
19:33
Just to draw out the term about inflexions points referred to by Steelwatch.

The standstill is in place to continue negotiations and;

"whilst certain inflexion points in the business materialise, including the outcome of the Duyung Operator's farm out process."

There is a Sword of Damocles, as Coro point out that the standstill agreement can be withdrawn by the creditors at any time. But putting Coro to the sword would not be constructive when they can for-see a near future improvement in Coro's fortunes via Duyung e.g.

I think the all parties need to appoint a Concluder to put shareholders out of the misery of the various Waiting for Godot negotiations dragging on and on. It's Duyung my head in.

odillon
12/4/2024
19:15
Coro added that the standstill will stay in place while discussions about the eurobonds continue and while certain inflexion points in the business materialise, including the outcome of the Duyung operator's farm-out processFor begorrah incase he couldnt read it .standstill will stay in place until outcome of duyung .
toolsmoker
12/4/2024
18:20
Ignore begorrah he's been selling all week
toolsmoker
12/4/2024
17:31
hTtps://www.proactiveinvestors.co.uk/companies/news/1045208/coro-energy-welcomes-eurobond-standstill-letter-1045208.html
blakieboy7
12/4/2024
17:24
It's where they talk about "inflexion points", so a fair interpretation by Toolsmoker I'd say.
steelwatch
12/4/2024
16:49
Where does it state anywhere that the standstill is until the asset is sold? What utter made up nonsense toolsmoker, even by your standards.
begorrah88
12/4/2024
16:45
What on earth are you talking about .it's been put on hold till asset sold .Coro has no control over the sale of duyung .it's no puff piece it's news what was needed
toolsmoker
12/4/2024
16:36
Could/should have just put out a holding RNS saying debt renegotiations still progressing and standstill agreed.The fact that they have put out a puff piece about the renewables & yet again repeated the vague position of Duyung (no one has even stated what the delays are) late on a Friday afternoon was no more than an effort to distract from the main bit of the debt talk - further haircuts coming. Sp reacted as I expected
begorrah88
12/4/2024
16:18
What the RNS does tell us is that there's more than just renegotiating the debt in the pipeline. I was surprised that the share price pushed up on that news and considered parking some of my holding in prep for, in my opinion, a forthcoming dilutory fund raise but couldn't even get a quote for 500k so knew we due a bit of a fallback.
begorrah88
12/4/2024
15:41
RNS out. Great news.
rafboy
12/4/2024
15:07
As time passes this afternoon Digger, it seems unlikely there will be news before the bell, and so in terms of your experience, I'm very much hoping that this is the exception that proves the rule.
odillon
12/4/2024
12:38
Let's hope it's not an after market close RNS. When that's happened in the past on other stocks I hold it's never been good.
digger2779
12/4/2024
12:00
It's almost midday and they are keeping news about debt renegotiation under their hats for now. Fingers crossed for some uplifting news.
odillon
12/4/2024
09:36
Good volume since yesterday news on debt leaking?
blueblood
12/4/2024
09:10
That's the most likely outcome
blueblood
12/4/2024
09:07
thanks blue, i guess all they can do is roll it over another 6 months, and give more away...
currypasty
12/4/2024
08:59
The debt expires today they have to tell us it's been renegotiated!
blueblood
11/4/2024
19:27
Debt update tomorrow let's hope a few of the buyers had inclination of what it is!
blueblood
11/4/2024
18:53
There is a trade of almost 25,000,000 shares showing at 5:05 pm I think that was the biggest trade of the day.
odillon
11/4/2024
18:47
It is now saying 135 million. According to marketbeat the average is about 18 million.

I have no funds to buy just now and have held my ground with Coro rather than selling and I hope that turns OK

odillon
11/4/2024
17:06
125m shares traded l. Someone knows something about something.
nithbank
Chat Pages: 330  329  328  327  326  325  324  323  322  321  320  319  Older

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