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CORO Coro Energy Plc

0.19
0.00 (0.00%)
Last Updated: 08:00:00
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 Shares Traded Last Trade
  0.00 0.00% 0.19 0.00 08:00:00
Bid Price Offer Price High Price Low Price Open Price
0.18 0.20 0.19 0.19 0.19
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Natural Gas Liquids USD 6.71M USD -4.12M USD -0.0014 -1.36 5.45M
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.19 GBX

Coro Energy (CORO) Latest News

Coro Energy (CORO) Discussions and Chat

Coro Energy Forums and Chat

Date Time Title Posts
14/3/202421:11CORO. Renewables255
12/3/202415:13CORO ENERGY PLC - SOU35,247
02/3/202420:36CORO .... READY FOR LIFT OFF !!!!306
19/2/202421:28Good newz442
27/5/202106:16Coro Energy at the UK Investors Show2

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Coro Energy (CORO) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-03-18 16:14:010.181,500,0002,746.50O
2024-03-18 14:09:530.1947,82892.50O
2024-03-18 13:36:480.19100,000193.75O
2024-03-18 13:07:500.19296,671574.80O
2024-03-18 12:58:200.19147,260285.32O

Coro Energy (CORO) Top Chat Posts

Top Posts
Posted at 19/3/2024 08:20 by Coro Energy Daily Update
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 0.19p.
Coro Energy currently has 2,866,858,784 shares in issue. The market capitalisation of Coro Energy is £5,447,032.
Coro Energy has a price to earnings ratio (PE ratio) of -1.36.
This morning CORO shares opened at 0.19p
Posted at 11/3/2024 08:17 by pavey ark
I'm sure that investors who know ANYTHING about Coro and the excellent progress they are making in renewables in SE Asia will know that they always update on WESCs as they are very important.

The importance here is that they are progressing a second large wind farm project and that their existing met mast will provide the essential wind data for this second project.

The met mast data is very valuable for ONE project so to be providing data for TWO projects obviously makes it even more valuable.

Any market reaction in the Coro share price is absolutely dominated by Duyung and people with little knowledge or understanding of, or interest in, the value of Coro Renewables.
Posted at 05/3/2024 12:01 by begorrah88
Yep, we're being done over somehow.Sp doesn't budge on buys but jumps down the moment a 500000 sell hits.Indicative of a heavy lump of stock sat with a MM My guess would be the debt holders selling off a load of the free stock they got ( before the AGM vote stopped it) before they get another load in a re-neg of the debt terms.A sort of forward selling in case they are restricted in any new deal. When the share price stops dropping I think we'll find out what price they are raising funds at. all my own views btw but been here many times before with various companies & the usual stink is being given off.
Posted at 01/3/2024 11:52 by begorrah88
It's beginning to smell of an upcoming fund raiser to me.Someone is constantly dumping chunks of stock & the share price gives the impression it knows more is coming. Before the lumpy & consistent sells started on Weds, when the bid was .22 you couldn't even get a price to sell, it was very odd. Then a load of consistent & chunky dumping started, which has taken the bid down 35%+ and it has been continuing since.The debt is due in next month, Tom Richardson's only known trait is debt deals (and never good ones at any of his previous companies) & the recent presentation intimating a Q1 GSA along with yesterdays unprompted & strangely timed RNS smack of trying to massage the share price up for some 'forward selling' into.Hope I'm wrong or that if we do get a raise it spurs the share price on like it did at EME but at the moment we are giving back all the gains very quickly & someone is dumping heavy on the cusp of a GSA. - doesn't quite add up to me.
Posted at 25/1/2024 17:23 by pavey ark
Not wanting to get into another bun fight here but a bit depressing to see posts elsewhere completely ignoring any positive news on renewables.

As I type renewables are at least as valuable as even the most positive outcome from Duyung......that is 15% of Duyung sold and debt paid.

As the renewable programme moves on the difference becomes even greater.

The most recent news has been that a Vietnamese bank is willing to provide up to c.$17m finance (50% in stages) for Coro to install solar panels across 900 sites in Vietnam.
The first 9 site pilot is to cost c.$300k then if this proves the project they will move ahead with the rest to a total of 50MW......this is a $33m-$35m deal.

The target for Coro is 150MW installed in Vietnam.

Then we have the very important and large investor Capton. This deal still being negotiated but Capton are very interested in buying into Coro's Vietnam operation !!!

Another rather technical point announced recently is that their Philippine met mast will provide data that is applicable to more than one wind farm site .....this data is essential for any wind farm project and is therefore very valuable.
Coro also have 12 months LIDAR data so they have all the data that ANY investor would demand before financing the projects.....even if Coro don't build the wind farms this data is worth millions.

Then we have the Philippine 100MW solar farm....doesn't need the same data but complicated land deal leases etc ...should be moving along and must be RTB in a few months ??!!

At RTB stage on any of the Philippine projects Coro would have the opportunity to sell the site with all permissions etc.....no info/hints have been given but at this stage ,and Duyung taking forever, the temptation would be there.

The Philippine solar would be the first to reach RTB and could be sold for $15m-$20m
This is a $100m project so the value here is getting it handed to you absolutely ready to go.
The wind projects are $175m each so the value of all Coro's data and permissions is even more obvious.
Posted at 18/1/2024 08:49 by pavey ark
My take on this rather important announcement is that Coro have now secured an offer of funding for half the cost of the Mobile World deal and at the same time Capton are looking to buy into Coro's Vietnam solar business.

Obviously this offer of finance from a Vietnamese bank (after six months of negotiations and due diligence being carried out)does underscore the viability and value of the business.
50% of this deal is c.$15m so we have a bank willing to lend $15m albeit on staged payments .

Then at the same time we have Capton ....they've undoubtedly spent time and money and they are still here !!??

This deal can only make the Vietnam more important to Capton who as if by sheer chance are looking to invest in 50Mw of solar in Vietnam.....what are the odds !!?

The 3MW bit looks a little strange but that is the business as it stands. I am certain that an outfit the size of Capton is not interested in buying into a 3MW scheme on its own......this is just a way of buying into Coro Vietnam and after today Coro Vietnam has become more valuable.
Posted at 17/1/2024 22:36 by pavey ark
man1, no the mobile world deal and the Capton deal are not one and the same but look to be rather closely related.Capton come to CORO and say that they are interested in investing in Coro's Vietnam solar "The funding proposal received is for Capton to buy into Coro's current Vietnamese solar projects and provide investment into Coro's project pipeline of up to 50 megawatts" 3/8/23

Mobile World 10/10/23
"the potential to install 360MW of rooftop solar across all locations. The MoU grants Coro exclusivity on an initial 900 company sites (estimated at 50MW of rooftop solar capacity).
(Mobile World obviously think that Coro have the means to install solar on a large number of sites)

Vietnam renewables restructuring 24/11/23

Their Vietnam partner agrees to a reduction in their holding .....smaller share of a much bigger business?

Capton will have spent money on doing due diligence and as far as we know the deal is still "live" as is the mobile world deal.

The company haven't stated that the deals are related but I'm not sure Coro could go into a deal the size of the world Mobile deal without being confident they can get financial backing ....whither this backing comes from Capton is the question but things do seem to be lined up.

A few facts from company announcements and a bit of guesswork by myself !!!
Posted at 17/1/2024 09:06 by pavey ark
I see from the comments this morning a number of people still don't get this ........." delivering bankable data to the Company's utility scale projects in the province of Oslob."

Twelve months wind data is an essential requirement for ALL wind power projects anywhere in the world .....no one will provide development capital without this.

Coro have all the government approvals and permissions so with 12 months data they have an oven ready project with very considerable value (certainly multiples of the current entire market cap of Coro).

This one wind farm is valued at $175m and Coro could sell a developer a deal that cuts TWO Years at least from the total project development timescale.......hmmm???....I wonder what that would be worth ??

This mast is almost 450ft tall(I hope it doesn't blow over)......I hadn't realised it but Coro are now pointing out that the data isn't strictly local so logically it could be used for other projects in Oslob Provence and not for just this one project.
Posted at 23/11/2023 09:17 by pavey ark
I wouldn't hold your breath....this could be the deal of the decade and I doubt if it would make any difference to the share price.

There are any number of current shareholders who absolutely refuse to see ANY value in renewables.
The only way forward for the share price is to get Duyung over with and a big change in the shareholder base.

On a more positive (less depressing) note is that the current share price totally and completely ignores the massive value (current and potential)in the renewable side and is totally focussed on the never ending soap opera that is Conrad and the Duyung negotiations......opportunity !!??

Give Duyung away for the debt....call yourself "Coro: SE asian renewables"and the share price doubles immediately (at least) and a long orderly queue form outside your door with people wanting to give you money.......with Duyung ..all that debt..messy (stalled) negotiations ....not so sweet.

EDIT: I will obviously take all the gold anyone is willing to throw at DUYUNG !!!
Posted at 22/11/2023 21:15 by pavey ark
10owen, rather more confident that Coro and Michael Carrington can deliver ....as they have in the past.
Coro has absolutely no control/input at Duyung ...it's all down to Conrad.

The Capton Energy deal looks rather linked to the recent Mobile World "estimated at 50MW of rooftop solar capacity"
Capton Energy: "The funding proposal received is for Capton to buy into Coro's current Vietnamese solar projects and provide investment into Coro's project pipeline of up to 50 megawatts"

Coro does have a large pipeline of solar deals so perhaps not a direct connection with World Mobile but given the recent data coming out of SE Asia and the need/desire for renewable energy Capton is unlikely to be the only source of capital.....but I'm sure they are very interested.

One last point: I can't see Coro going chasing new 50MW deals without lining up the capital.....they have enough existing projects to go one at a time 3Mw-4Mw....so 50 MW suggests to me that things are moving along.
Posted at 13/9/2023 08:17 by lazarus2010
I don't think anybody expected this price reaction either here or at EME!!

I get the feeling that the jump in the share price was the MMs playing games, might have been a lot of shorts in play which got stopped out when they pushed the share price to 0.4p. Word on the street is that MMs weren't doing any deals at those prices, so the trades were probably lined up already somehow.

Also re the HoT, after such a long negotiating process, clearly SKKMigas have been playing hard ball, so they must have got a very good deal to finally agree the HoT. All looks good for the eventual sale prices...I hope!!

aimho dyor niai
Coro Energy share price data is direct from the London Stock Exchange

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