Coro Energy Share Discussion Threads

[blueblood] 14/5/2020 13:49

Great multi bag potential down here. Duyung sale to clear debt and put $m's into bank

[blueblood] 14/5/2020 08:35

Need that GCA report and get Duyung sold. Could be multi bagger with ease if as expected.

[wright10_10] 07/5/2020 19:33

For us in the house that hold shares but don’t understand the whole ‘shares’ market.....what̵7;s going on? I have 800000 shares, most purchased at current value, some at 1p. Flogging a dead horse? Any reply in non share talk will be appreciated :)

[currypasty] 07/5/2020 15:52

quite likely steelwatch, it must have been menzies that liaised with them when they were building the holding and him who organised the Eurobonds!

are they just showing disapproval ?

[steelwatch] 07/5/2020 15:47

Perhaps they don't like not having James Menzies' hand on the tiller? Seems a bit rudderless at the moment.

[currypasty] 07/5/2020 15:39

in the Eurobond issue,



it stated they have 26.42% or 190m so if they paid an average price of 3.5p, that is £6.6 million squid!!!

worth today £0.6m so £6m down the swanny, and holding Eurobonds (with warrants at about 4p)

[currypasty] 07/5/2020 15:21

just for interest, Lombard were buying heavily from the start in Coro. There are holdings rns's 11/4/18, 30/4/18, 5/9/18, and 14/9/18. The price through that period was 3p - 4p , and they ended up with 25.8% of the company.


also
"It has also issued EUR11.25m Tranche B Eurobonds, which accrue interest at a rate of 5% per annum payable in cash on redemption, to institutional cornerstone investor and substantial shareholder Lombard Odier Asset Management (Europe) Limited ("Lombard"). "


so basically Lombard are absolutely up to their necks in coro, so why trash the shareprice?

[currypasty] 07/5/2020 15:08

perhaps the market makers think Lombard Odier Asset Management will be selling the rest of their 23.3% holding

[blueblood] 07/5/2020 14:55

How aren't we at least back level on 750k buy!

[digger2779] 07/5/2020 13:19

Your guess is as good as mine blueblood. share price doesn't react to buying in the way that it should.

[blueblood] 07/5/2020 12:28

WfT is wrong here?

[blueblood] 06/5/2020 13:05

Why would they sell at lowest ever prices. Great fund management that!

[insideascent] 06/5/2020 12:12

The buyers were the twitter crowd, now crying in their Pot Noodles having been spiked. If the price stays, here LO will try & get out of more.

[digger2779] 06/5/2020 12:12

Knowing our luck the buyer will be some bucket shop or Spreadex!

[currypasty] 06/5/2020 11:48

so "Lombard Odier Asset Management" have sold 11+ million, nothing for who bought 10m of them yet

[blueblood] 06/5/2020 11:48

So that is where they were getting them from! Lombard 12m reduction but if that's them finished we should move up strongly on any new buying now.

[insideascent] 05/5/2020 22:56

10 mill is over 1% of shares in issue. A move over 3% has to be disclosed. A 1% move for a large holder needs to be disclosed. If no TR1 is issued in next day or so (ie no disclosure) then this is simply a large holder churning. Think its probably Lombard buying back shares they put out to try and get traction with retail punters. The pump & dump failed.

[blueblood] 05/5/2020 17:25

Where are they getting the shares from? Don't think 10m have been sold down here.

[currypasty] 05/5/2020 16:55

10 mil buy.. punt?

[blueblood] 04/5/2020 17:09

Thanks to JemJemMalcy. Just out. Empyrean Energy I had the opportunity to chat to Tom Kelly this morning, there is plenty going on at Empyrean and of course Coro shareholders also have an interest in the Mako gas field. With regard to the most important event coming up, the updated CPR from GCA, much has been going on in the background. With the COVID virus around it was thought that the access by GCA technicians might be difficult or denied but fortunately the operator Conrad has been able to present all the required data to them and accordingly the CPR should be available before long. With some sounding doubts about gas prices in the Far East, Tom was at pains to remind me that pipeline quality methane has a premium to LNG which is encouraging for EME.

[blueblood] 30/4/2020 16:24

Bloody ridiculous should be up above 0.5p on recent buying!

[insideascent] 30/4/2020 16:18

Yep you are correct - 95 mil since last Thursday which is c. 12.5 percent.Yet no-one gone over/under 3% nor any large shareholder moved one percent? Conclusion still stands, one of the larger shareholders is churning.

[steelwatch] 30/4/2020 15:49

Actually, that's nearly an eighth of shares in issue.

edit: c. 14.6 million traded today up to trade No. 31 according to advfn, so that's about a 55th!

[insideascent] 30/4/2020 15:39

Christ, 95 mill shares through the market & share price reaction = zeroThats nearly a quarter of the shares in issue. How come no TR1s? One of the big shareholders is churning....why?