Coro Energy Share Discussion Threads

[digger2779] 17/9/2024 13:49

How on earth are we still dropping considering the GSA is "the most important milestone for the company" according to Conrad CEO?

[tomboyb] 17/9/2024 13:14

Equity probably worth zero -

[blueblood] 17/9/2024 12:52

Think the bond holders are reckoning on getting it all for nothing! Could really do with confirmation they are secured on the asset not the company in worst case scenario as renewables business must be worth multiples from here!

[toolsmoker] 17/9/2024 12:33

Becoming a bit stupid now this price .the renewables alone cost more than the market cap to set up .they could sell the equipment for more

[stewart4990] 17/9/2024 12:13

Curry is this any good ?


Video with Miltos CRD CEO. earlier today. GSA signed with Sembcorp at "quite attractive prices ".

[currypasty] 17/9/2024 12:09

MCAP 1.4 mil why dont the bondholders just buy the Company out then they will have the lot

[begorrah88] 17/9/2024 11:41

It's absolutely miserable being a CORO holder as it just keeps walking down with no obvious reason to have crashed this far since pre-suspension other than Richardson being so untrustworthy.Many sellers happy to take big losses rather than risk being in a company with him at the helm.

[blakieboy7] 16/9/2024 07:48

I've only got a few mil here, but balls deep in Eme!! If both come good we'll be laughing

[10owen] 16/9/2024 07:47

I had a small too up this morning Blakie and like you hope the share price starts moving back up.Good luck.

[blakieboy7] 16/9/2024 07:41

Owen, I bought more Friday just before close of play, hope we see a good bounce from here

[10owen] 16/9/2024 07:02

The 0.57s are buys not sells.

[pavey ark] 15/9/2024 20:37

Picked that up on my phone but came to my computer to see if it made any more sense......hmmm ....I'll give it a shot.

My post outlined my theory/impression that people were focused on the debt and the Duyung delays and largely ignoring the asset value in SE Asia renewables.

Not sure you gave my post any great thought and pretty sure you didn't spend the hour or so required to read the company announcements on Asian Renewables.

Your post was much shorter and rather foam flecked but it did suggest (I think) that the price was down to one person who has had little input in the time I have been invested....up to James Parsons being removed... and the market's disapproval/mistrust of this person.

My money is on disillusioned investors fed up with the delay and the large number of "bets" placed on the outcome.

I know little of this Richardson guy but will have a look .....he will have to be very special to produce anything like this selling/price collapse.

Moves are being made to increase the board size but they hardly have the cash to throw about
thanks to the long delays in monetising Duyung.
I suspect the full 15% will be sold .....then a name change?

[pavey ark] 15/9/2024 15:37

I certainly don't want to get into any kind of a bun fight and I am aware that I set up this board to try and get some appreciation and awareness of the importance of renewable energy and its vital importance to CORO and its shareholders.

The problem is that I suspect the majority of holders are still focusing on Duyung and if that is the case I can certainly understand the high level of selling and the very low share price.

I have had a number of conversations with management in the past and as I am interested in the renewable side these have been mainly with Michael Carrington.
However a question I asked of James Parsons was if the Renewables side was tied to Duyung and the debt.
The answer was that the debt deal was set up BEFORE there was a renewables business .....hmmmm....still not clear but events have shown that it looks like the renewables are not linked.......my opinion !!

If the debt and the long drawn out GSA was over the whole company I simply cannot see:-

1. After a long period of due diligence a Vietnamese bank has agree to fund their large rooftop solar deal.
2. The contractor in this deal would not have agreed to a two month deferred payment scheme up to $1m (without security).
3. The recent convertible loan is against the renewable assets.
4. The Philippine government continues to engage and grant wind service agreements.

The renewable business has an up and running 3.2MW revenue producing solar scheme and the Philippine wind mast has 70% of the required data for very valuable ready to build stage on three large wind farm projects.


Now if Duyung did not exist nor the debt that goes with it then Coro would be trading at many multiples of the current price ..........so although I suspect that the renewables are not linked to Duyung I can't be sure ......it looks like the sellers haven't separated them ???!!!

[mebo2] 13/9/2024 08:27

Did Lombard sell because their man Parsons had been kicked off the board after the penny dropped he is not fit & proper.

[billthebank] 13/9/2024 07:58

Tried to catch up with whats been happening and it has clearly been and still is tough for CORO. Enough cash for now but all about the debt?

[helpfull] 12/9/2024 12:01

Oh! How rude?

Parsons sucked out another $350,000 last year according to the latest report.

One bit of good news is that River Merchant Capital still have their shareholding, about 8%.

They held onto their shares issued in the interest/share conversions whilst Lombard sold.

They also hold a tranche of the original eurobond issue.

That should ensure that they have an interest in the bonds and the ordinary shares being dealt with correctly.

Be careful.

[odillon] 12/9/2024 11:37

I did not think that we would exceed yesterday's shares traded of about 333 million, but now I think we will comfortably exceeded that figure.

Yesterday's drop may prove to be a blessing because it enhances today's gain, a gain which will be attracting attention, so more prospective buyers will be taking a look at Coro.

[rafboy] 12/9/2024 10:57

There will always be sellers but I think we were pushed far too low after coming back from suspension. I hope to see a steady increase now.

[tidy 2] 12/9/2024 10:34

Seller still about.

[tidy 2] 12/9/2024 10:23

A few weeks to go then. Plenty of time to load up !!

[rafboy] 12/9/2024 07:41

Once the GSA sums are revealed in a few weeks the share price should be multiples of today’s price. It’s a hold for me and has been for several years.

[odillon] 12/9/2024 07:36

Yesterday about 333 million shares were traded - I don't think we'll hit that figure today but let's see.