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Yes he is. From CORO website:
Tom Richardson
Non-Executive Director
Tom is an experienced Director of listed companies. He is currently Chairman of Fenikso Limited and an independent director of Canadian Overseas Petroleum Limited.
https://www.coroenergyplc.com/board-and-management-team
I think Monkey is correct
No its not the same guy...monkey
Unfortunately Yes he is.
I think that the outstanding Bonds are meant to be covered/even repaid from the sale of the Mako Gas asset, which will more than cover the debt. Unfortunately, this sale has now dragged on for months and months and even now into years with still no immediate sign of completion so the Bonds might now become an issue though as long as progress is being made with the GSA then they should just get rolled over until completion.
Is this the Mr Tom Richardson who is the Chairman at COPL?
Well done InvestorACE. Move the profits to #HE1
It's going to go mental!
That's me out with 25% profits. Goodluck all!
Unbanked profit doesn't pay the bills.
You might want to have a look at your Non-Executive Director he has got form wrecking companies. I have no idea about Coro energy but when I hear Tom Richardson and Bonds I fear for any share holders.
He turns up on any rising share and some falling occasionally with his words of none wisdom
Earl... you know v.little about this company....stop the dross!!
Bonds mature in April 2024 with €22.5 million ($24.5 million) principal due, plus €6.8 million ($7.4 million) accrued interest.
Earl and petro working in tandem here..lol
The hypocrisy on Telegram group is shocking, especially the admins and group owners, they pontificate about others ramping without giving the negatives,
well this company has one of the biggest negatives and it's call debt,
yes $25m,
mcap £5m
where and how will bondholders be paid?
another COPL waiting
Last pump before the placing news!
I did warn all the newbies investing in ESKN yesterday not to get caught in spikes when pumpers and traders are pumping to exit for small profits.
So don't make the same mistake here!
O dear......Huge Placing coming or Bondholders taking this company?
how the hell Coro going to pay for the Bonds maturity in April?
Bonds mature in April 2024 with €22.5 million ($24.5 million) principal due, plus €6.8 million ($7.4 million) accrued interest.
Lots of profit going into PREM right now which is considered an easy bagger from here.
Important Caveat: Cash position is dependent on the successful repayment or restructuring of Eurobond debt.
Bonds mature in April 2024 with €22.5 million ($24.5 million) principal due, plus €6.8 million ($7.4 million) accrued interest.
Thanks for the hope you made profits and i did thankyou for you kind words.
That’s some news out today.
£80 mill possibly due soon to a company valued at £5 mill 🤔 💥
Earl & petro the two biggest clowns on aim....fact.
Hope people don’t get spiked, well done who made profits, profits are only profits till banked
CORO £25m debt
what's happening with the debt????
Ministerial Approval of Mako Gas Price & Allocation
‘This is a significant milestone that allows Conrad to finalise fully termed Gas Sales Agreements (“GSA”). The Mako project will contribute to Indonesia’s target of doubling gas production by 2030.’
https://mcusercontent.com/443c891c4e3e5001f60581b4c/files/c66219b5-bc81-c188-0ba9-561f2ad1f782/6A1195107_CRD.pdf
$81 million incoming soon to Coro versus it’s current ¬~£4 million m\cap (plus its renewables assets).
Very good value down here at present.
IMHO
A positive step!