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Hi all,
Someone on Telegram has mentioned about how many shares are to b issued following sanction at the GM.
Is it for just nearly 300m shares taking the whole amount of shares in issue to slightly over 2bn or is it to sanction in addition a further 1bn shares for total funding taking the total number of shares to slightly over 3bn?
Https://www.corcelplc.com/wp-content/uploads/2024/04/268312-Corcel-Notice-of-GM-WEB59.pdf
The spread on ii was fairly narrow all day.
Im hoping for at least 3 x that ! lol gla
Luke. Im half wishing it is a takeover vote. This is getting tedious tbh. Ive only got 1m shares which is peanuts to some here but anything the same as theyve agreed with Richard or above that will b fine for me. Id be happy with roughly 80% profit and dabble elsewhere!
AQSE STILL quoting 60% spread! They never normally quote that spread, never seen it before, ever!
Maybe a takeover vote ???
Ed & Luke.
Thanks both for explaining. Learning every day!!!
Https://www.investegate.co.uk/announcement/rns/corcel--crcl/notice-of-general-meeting/8152783
No the 60% spread is rubbish, that was on aqse quoting 25/40- they always quote silly spreads first thing at the open and never end up dealing anything like it so so more scare tactics !
Good afternoon Nige,
Yeah its certainly positive that EXT are buying out Mr Jennings at a large premium, some on here said that would never happen. Also like you say its very positive that the management are looking to buy at a premium too as they know what's going on with the Angolan assets. Plenty of news still to come from Tobias, let alone the rest of the Angolan and mineral assets.
Regards,
Ed.
Hi Sienna,
There's sometimes a wide spread on companies which would deter some traders. I would largely ignore that as you should be able to trade within in that providing you're not looking to buy or sell large volumes.
Takeover, I hope not I'd like to see them develop these two fields and drill KON-16.
Regards,
Ed.
Hi .
Why is there such a large spread here?
Some are saying on Telegram it has been 60% today at one period but with lloyds who i trade with its roughly 30%???
Surely this is dampening trading & liquidity!!
Also any thoughts that there is any possibility that the company will consider a takeover? Its been mentioned on Telegram that if this Put option isnt timed properly Extract would hold more that 30% and be forced to bid??
I dont understand the workings and they are saying any offer would have to b a minimum of 0.8p which is slightly above the agreed deal Corcel have made with RJ?
Would really appreciate any thoughts.
Thanks in advance.
Why get it removed. Hes got 8 likes. Shame none of yours do 🤣
Yeah, Bladey, blah, blah,blah
I would have reported your rude and derogatory post and had it removed but as that would have probably removed the whole thread which would have then removed all of my posts there was little point.
Morning Ed,
Hope all is well.
Lots of news flow to come over the coming, so hopefully the sp can get back on track.
Directors and new investors are showing a high level of confidence here to invest at a premium.
Fingers crossed, much better days lie ahead for us?
Thanks Nige
I'm with you there Bladey ...
LOL Bladey 😆
Wow, Art, you don't half go on..and on lol. Now I think I realise where this missing unicorn is! Must be stuck up your back$ide! Take a break mate, go see the doctor, for a physical and mental check-up!
Richard Jennings - Investor, commented: "I am very pleased that under the stewardship of Antoine Karam the trajectory and prospects of Corcel have been completely transformed with the new focus on the Company's Angolan oil fields. I and Catalyse Capital have provided support to Corcel for the last few years and we wish all shareholders every success in the Company's activities in Angola"
The wording of the last sentence makes it 'sound' as if Jennings and co have now sold out completely, though, in fairness, this is only an assumption.
If TO-13 fails to flow the share price won't be at the current level for long. Oh, but don't worry, there is always TO-14 - surely that will flow the second time around, or else why would they even bother to go back and try again (if they do)?
R Jennings has/have done alright though.
Cost of 99 million shares at 0.021p = £207,900 with no fees.
Sold 99 million shares at 0.075p = £742,500 with no fees
Profit to Jennings = £534,600
Nice work if you can get it.
Maybe it is because I prefer to buy on positive news - ie. flowing oil with flow rates - rather than just on how many shares the management owns. It seems to be a safer strategy these days.
When we see our major shareholders and directors put their hands in their pockets and pump alot of money into this small cap ...at premiums to the current price ...well it can only be classed as a poisitive step .... whatever the doomsday posters think ...
This sort of arrangement isn't unusual here. Since Mr Karam has been involved with CRCL nearly every placing/funding has been at a large premium to the current share price. It makes a real change to have management and cornerstone investors aligned with shareholders. Even to get a management buy recently of £200k is large for a tiny cap, perhaps things aren't nearly as bad on TO-13 and TO-14 as some on here would lead us to believe.
Regards,
Ed.