Not Bungee jump with his fantasy trades again, he’s seriously under water with TRP (another AIM play losing 99% of its value), he’s firmly in the 99% losers club |
11/02/25
Mako Development (Duyung PSC)
Context:
2C Contingent Resources of 413 Bcf sales gas (215Bcf net to Conrad)
Government Transition:
-- Dealing with 3 governments
-- Awaiting Indonesia government approvals
This has delayed a final investment decision
Positives
Farm-in term sheet and sales & purchase agreement both moving forward - greatest interest in project to date
etc.
Make of that what you will |
Not the point I was making - placing stock has moved in at 100% margin, bigger positions. These are elected margin rates as in the clients are happy to have at 100% for the hoped for tax advantage |
Just checked Spreadex are at 40% |
Coro are current;y at 40% margin on tier 1 and 2 for existing positions. They went to 100% for the period that they were suspended a few months back. |
Coro on 100% margin, ha, so just buy then. |
On 100% margin Closing only on margin accounts |
It always looks like it's sell only so surprised at that . Unless some have it on rollover... |
Holdings RNS - spreadex |
If we take the mid price of 1.62p then the market cap. is £7.8m ($9.75m)with some cash and no debt.
(I just checked the market cap figure with the company nominated broker £7.8m.....not the rather bizarre figure from ADVFN)
Hmmmm ?
Vietnamese solar
Italian court case
Philippine utility scale renewables.
I'm no expert but if Duyung has any value ....It isn't showing any here. |
It would seem that I am one of the few buying these in any volume......hmmmmm... rather disconcerting !!
There is the remote chance that I'm being smart .....past events tend to cast some doubt on this theory.
Anyway with the retail offer, two purchases yesterday and another today I have reduced my average by 75% .....( 1.62p average for these recent purchases.)
Let's see how things go from here. |
What a complete disaster this is, look at Conrad, down to 80 today |
If the price is the same at the end of next week I plan to add another 200k.
Fingers crossed! |
1.59 good price .. i hope there is more demand soon |
Added 100k just shy of 1.59p. |
Well having thought that my investment here was going down the toilet things now look a good bit better.......strange...almost bizarre... but better.
I still don't have much of a clue of what is happening with Duyung but the renewables business must be worth multiples of the current price.
The bond holders have taken 65% of Coro for a very small fraction of what they were owed ......this to be balanced with their alternative....pulling the rug would have been messy.
The next few months will be interesting
Italian court case in May.(compensation claim)
Talk of sale of original Vietnamese solar installation.
Progress with other solar deal.
The wind data in the Philippines should now be complete.
Italian gas payments resume in April Euro 400k in 2025
Then somewhere over the rainbow we have Duyung !!!???
Unless I've got my figures wrong this debt free company with some cash is valued at under £8m !!??
You pays your money you takes your chance !! |
Hopefully now he's more on our side than against us |
At least he now has some skin in the game. It always troubled me that he & Harry didn't have any shares. I’d like to see Harry buy some.
Trading is vey muted but I suppose that is due to nobody having a clue where we go from here or even if they can access their true holding yet as mine still isn’t showing correctly. |
Coro Energy Plc, the South East Asian energy company with a natural gas and clean energy portfolio, announces that following the purchase on 6 February 2025 by Tom Richardson, Non-Executive Chairman of the Company, of EUR 525,000 of the Company's Luxembourg listed EUR 22.5 million 10.0% secured notes ("Bonds"), the Bonds today converted into new ordinary shares in the Company ("Ordinary Shares").
As a result, Mr. Richardson is now interested in a total of 7,271,065 Ordinary Shares, representing 1.51% per cent of the enlarged issued share capital of the Company. |
Richardson is doing alright then! |
bskiny1 - 20k |
how many new shares for 2mil old please |
Wow my portfolio is showing £110K gain but I can't sell a bean ha |
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