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It's already gone that way .... point 55 of one penny ....unless they just close up shop ...
There is only one way way this is going...criticise me for my predictions , but i have been spot on ,but remember i dont make it happen, you really dont wish to know where i think this will be in a months time, unless of course they can pull off a great deal.
That’s interview was poor in my opinion.
He was making out that the Peakers was a gamble and no big deal, yet 6 mths ago he was patting himself on the back at the prospect of some company writing a “ big cheque “.
I am surprised that JP isn’t looking at someone else as CEO
Although SK has excellent mining knowledge, we need someone with a proven track record as a CEO
Sniper ... I hope your wrong , but i see your point. I have mentioned in the past like yourself they should sell one or the two mines and this would restore confidence , bringing in much needed cash and concentrate on the storage business. It would of course give a big jump to the share price and might even lift it to the high single figures...
Haven’t posted for a while, so thought I’d add my thoughts to the current state of affairs…
Someone recently remarked that the sp drop is disproportionate to the company’s buy in price for the Avonmouth project - agreed. However it isn’t just the project that’s lost, it’s the confidence and credibility that comes with that loss. For months and almost years, SK has been really giving it his best to urge investors to buy into the company and his theory or placing ‘smart bets’. One must come off in time - perhaps but that’s also the same as someone who plays the lottery or borrows money to buy scratch cards, one day soon, we’ll win.
I’m afraid the company has lost a good deal of credibility now, hence the daily bleed. I’m not sure the direction it takes to recover now - in my view the only way the company can get back to the 2p level is to announce a sale of it’s nickel mine.
I’m not sure what Altona are investing in, by partnering in with Corcel if I’m honest. They have rights to projects, but many of them are stuck in the mud and not without barriers to cross.
The other problem the company and share price faces, is that there are many profitable companys, undervalued, with much less risk.
To be honest, I get tired of seeing Corcels tweets now - they are sort of a reminder that the board has nothing to formally RNS and SK and JP must (wrongly) believe they keep current and potential new investors interested, I don’t think they help. SK also mentions the Asian consortium who he hopes after a few drinks, will sign on the line. I hope this happens, but as with the last two plus years I’ve been invested here, the company actually hasn’t delivered anything. Great at building expectation and hope, but not so good at adding actual value or cash generating assets. I won’t predict the bottom or top of this share any more, similarly I won’t be topping up at these levels, because I don’t think the company has a way forward. Sell the nickel or get the mining license. The rest I’m afraid is all probably not near term. GLA and sorry to be negative, but my patience here is starting to give.
Tiny volume and it's still dropping ....
McFc, I'd say any sorting would need to come through immediately as an RNS. But I was encouraged by the talk of "further updates in this area soon" (which might refer to Burwell or Tring)
Meanwhile I was pondering about negative comments about nickel demand. While there are different views the 2 views I find most persuasive are Rystad and Goldmans. Both are bullish on nickel. e.g.
https://www.rystadenergy.com/newsevents/news/press-releases/nickel-demand-to-outstrip-supply-by-2024-causing-headaches-for-ev-manufacturers/
The company are tweeting about Burwell again.
Does anybody know if the land lease issue has been sorted yet?
Sorry but I think Scott seems pretty good and that his achievements over the past year significantly outweigh the Avonmouth failure. All companies of this type are d down
TLM..... this dog has been on a downturn since the beginning of the year..... all time low territory...... so why is this dog going to turn..... It is clear that the BoD dont know what they are doing..... I can hear SK shouting to JP to buy Betamax video recorders from here....... They might own some good potential assets, but seriously would you want them to be in the hands of this bunch of morons....... 0.7p....... says it all really. B
Nige, have you listened to the interview?
Hi All,
Just adding this message to support Scott’s story, as it is very much true about the investor appetite for Gas peakers.
I work in oil and gas industry and indirectly involved in commercial discussions on similar portfolios for an industrial use and export to grid schemes.
What Scott mentioned is word by word true, renewables have made significant gains and changed the sentiment in last 12 months, our project was at very advanced stage and all investors and stakeholders pulled back their support early this year with same reasoning. Some of the sponsors were industry giants in this capacity.
I understand it is frustrating and have a very negative impact on shareholders confidence, however if investor change their mind, if investor sees high risk based on this renewable shift then Corcel or any other company cannot change that, we all can see what’s happening to MAST share price.
I still believe there is a lot of value added projects in the pipeline for Corcel and the results will be life changing for some in medium to long term window. I am also invested in this share for 12+ months and my position to hold for long term, DYOR.
GLA
It sounds like most of you have let SK off the hook.
I am surprised really because this board has been waiting for the Peakers deal for months and we were told it was pending financial close in the first 6 mths of this year.
Then all of a sudden the deal is off and now we are told it was uninvestable ?
So in other words , the news of the first project deal that we were waiting on tenterhooks for from Dec last year, was a dud all along.
Do none of you want a proper explanation from the company ? We deserve one..
Good on you TLM .... i'm staying in and hoping for big news in the coming months ...
@Metal,
If I wasn't already at my limit I would definitely be adding more at this level, they always say the time to buy in on a downturn, hopefully this slide back won't be for long, we already have seen how quickly this share can move.
GLA
TLM
I guess we have to assume the enthusiasm before Xmas was because he was presenting to so many potentially serious bidders?
He would be wise not to announce new stuff in the pipeline until they are at funding stage.
Excellent interview from Scott. It seems the problem with Avonmouth was not anything to do with the project or the presentation of it but just reluctance of investors to fund gas projects due to ESG concerns. If so, Avonmouth is not so much a c*%k up as just a small-ish gamble that didn’t come off. Clearly Scott hoped for some time he could talk Altona round on gas, but it wasn’t possible.
Looked at in this way, the loss of half our market cap in the past two months (from a position of already being grossly undervalued) is bonkers. I will be holding strong and am considering adding
Talk is cheap.... all we want is a solid share price and movement with our assets ... the best thung that could happen is for the company to sell one of the mines ... and bring in immediate cash to use for other projects ... then again can we find a buyer....
A bit puzzled but that interview, SK was saying that no one was interested in the Peakers ?
If that was the case why was financial close for spring/ summer even mentioned by the company?
Also very interesting to see the Vanadium flow battery projects being delivered all over the world, and more so that they can be used at home with solar panels, apparently they are so efficient the are likely to be the future of battery storage alongside Li-ion and Nickel based batteries, Vanadium batteries currently have a 20-25 year lifespan and can be fully discharged so much more efficient that Lead Acid batteries. The move to include the Vanadium in Corcels plans is very smart indeed IMO. Do some research on Vanadium Flow batteries, very interesting and I might need to chuck a chunk of cash into Vanadium now.
GLA
TLM
Excellent interview and I can understand exactly why investor functions don’t want fossil fuel generation on their books, my green pension plans have all pulled out of FF’s so it is understandable, I feel much better after listening to what was said in this interview.
Well done to the team.
GLA
TLM
Really appreciate the link to Scott's presentation and explanation.
Confirms Tring Road is a 6th shot on goal - a potential peaker and battery storage hybrid. Looks like Gas is back on the menu boys!
New presentation - worth a look:
https://www.corcelplc.com/wp-content/uploads/2022/06/202206-2_CRCL_PPT_FINAL.pdf
I noticed at the end of the 22nd June RNS the following phrase: "We expect to have further news on our battery storage portfolio shortly." It is annoying that Mark the interviewer doesn't quiz Scott on this. But it can only be progress on either Tring or Burwell...... can't it?
GLA
Thanks for the link oil
So as we thought gas peakers unfundable as folk don't wanna put the names against fossil fuels,but £72k bet didn't come off
Nickel projects historic spend £8m a piece ,total £16m
DSO op preparation underway ready for when ML drops
Wowogap JV discussions to bring cash back in
Tring Rd still live
Burwell still live
Battery project pipeline with funder in the pocket ready to fund
Vanadium and now also nickel option in Yukon
All for £2.5m mkt cap
https://twitter.com/marketmusing/status/1541394582717444096?s=21&t=ZxkvsRB3Jfs-4qShyCvsMA