Coro Energy Share Discussion Threads

[currypasty] 12/6/2024 13:40

The Company sold its Italian natural gas portfolio as previously announced by the Company during the course of 2023 and 2024 (the "Disposal"). The Disposal includes a monthly payment to the company of Euro 42,750 through to November 2025 and a final payment of Euro 26,750 in December 2025. All monthly payments have been received to-date.



The Company has today signed an agreement to accelerate the next 9 months payment in exchange for a 22% discount on those payments. Hence the Company will now receive Euro 150,000 on June 14 2024 and a further Euro 150,000 thirty days later. The monthly payments will restart from April 2025.

[nithbank] 12/6/2024 13:33

Good to know someone is working on cash flow behind the scenes, even if they haven't yet appointed a director.

[rafboy] 12/6/2024 12:56

RNS out. Accelerated payments from Italy. So cash in the bank. Nothing on a new director.

[mebo2] 09/6/2024 10:31

Once again Parson's is probably gonna be proved the most untrustworthy CEO Aim has ever known, he'd be good as an MP.

[bungeetrader] 07/6/2024 07:06

I see Parsons has joined KIBO as a NED. Difficult to tell which of them is more desperate!

[blueblood] 05/6/2024 14:18

Problem is who is appointing anybody? Tom Richardson is sole director but bondholders have us over a barrel? Would like to see Carrington on BoD as director as well as new CEO. Can't be that difficult to do surely!

[the sage] 05/6/2024 10:37

I see that James Menzies who was a former executive at Coro has been appointed to the board of LBE. There is talent out there. And, of course, many executives sit on several boards. Come on Coro let's have a director or two.

[odillon] 04/6/2024 12:25

I believe that the Company should update its shareholders. We have been left in the dark too long now.

[helpfull] 04/6/2024 11:41

Oh! How rude?

Sad to see the demise of Parsons at Ascent Resources as well as Echo Energy as well as Corcel and more especially Coro Energy.

I am sure his pockets are bulging though.

Interesting that, the day after Parsons moving on at Ascent Resources, news about James Menzies at Longboat Energy.

I can't remember who ended up with his job at Coro Energy.

Be careful.

[mebo2] 04/6/2024 02:30

Parsons steps down Malcy also steps down if that doesn't smell a rat I don't know what would.

[digger2779] 03/6/2024 19:32

Parsons has stepped down from the board of Ascent Resources now.



Wish we would get a move on in finding a decent director to lift us out of suspension.

[jason90] 29/5/2024 11:55

I expect Capton Energy is waiting for Coro to sort themselves out before investing further in their renewables.

[blueblood] 29/5/2024 11:38

I'd be happy to sell 10% if it cleared all debts and let us make fresh start. 5% of Duyung and all renewables with no debt must be worth at least 1p for starters?

[jason90] 29/5/2024 11:36

And I hope Conrad play ball too and allow Coro to monetise their 15% Duyung share up front, rather than these drag and tag clauses.. I am sure that's what the bondholders will also be pushing for. Even if Coro manage to sell 7.5% of their Duyung share up front, then that should more than cover their current debts. With a positive future cashflow in place.

[jason90] 29/5/2024 11:22

Hi Sage, hopefully they are making 100% sure they get the right people in place this time, to take this company forward. With so much opportunity on the horizon, someone should be willing (and able) to do it..

[the sage] 29/5/2024 09:40

Five weeks since the AGM. I must admit to getting a little concerned now. It would help if they gave us an update.

[blueblood] 28/5/2024 11:31

I have done but they are also don't know wtf is going on...

[digger2779] 28/5/2024 00:32

Maybe we should drop a line to our useless nomads for clarification?

[bungeetrader] 27/5/2024 22:07

It is all a bit vague really as is seems that if there is a good explanation of why it's suspended and are not insolvent, bust, etc., then they won't be removed.
Like I said, all a bit vague.....

[odillon] 27/5/2024 21:35

"IN BRIEF: DeepVerge to be removed from trading on AIM on Thursday"

Please see above the heading of the Deepverge notice of 21/8/2023. It says "removed from trading on Aim"

You can find this by searching DVRG on this site and looking at the news item for 21/8/2023.

This followed on from the expiry of the same suspension notice and period of notice Coro have been given.

So it looks to me that we need to appoint at least one director and get trading again before the notice expires if we want to continue to trade on Aim at this time (you can re-apply after a year following removal)

On the plus side I believe that we are in significantly better shape than DVRG were and so I trust that the company is getting all its ducks in a row at the moment, so we can come back strongly on the front foot.

[blueblood] 27/5/2024 20:19

Removed from Index not trading big difference!

[odillon] 27/5/2024 18:55

Here is another example from August last year.

IN BRIEF: DeepVerge to be removed from trading on AIM on Thursday

DeepVerge PLC - Dublin-based environmental and life sciences firm - FTSE Russell says the company will be removed from the FTSE AIM All-Share Index from the open of trading on Friday as it has been suspended for 40 business days "without indication of resumption". DeepVerge had been placed "on notice" by FTSE Russell on July 24.

[odillon] 27/5/2024 18:12

So far we have been suspended from 24/04/2024 4:25pm

As far as we know resumption simply depends on getting ourselves at least one extra director and I am hoping that if we have not managed to appoint in the 40 business days from the 24th of April - but can demonstrate that an appointment is imminent that can be considered indication of resumption and so de-listing can be averted.