George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Https://www.proactiveinvestors.co.uk/companies/news/1020185/coro-energy-going-through-super-exciting-times-with-renewables-strategy-1020185.html
Interesting - near term 'drag & tag' sale of $81 million to Coro for Duyung PSC holding and 4 million Euro's for Italian asset before late summer!
Current M\cap circa £6 million.
Is this investment about to take off soon?
Indonesian plans to operate 9 new oil and gas blocks this year
https://english.news.cn/20230704/f90812ec1b3f47a6971c11c426834947/c.html
He's chairman so the buck stops with him!
Https://twitter.com/m46843959/status/1675612685214285824?s=46
Good link for Coro and EME.
EME also looks a great option under their last placing at 0.8. Distressed seller just before news.
News is due by Conrad Asia this week.
Valuing Coro at $87m + cash from Italian gas sales received and after finalising the deal.
https://www.coroenergyplc.com/media/2280/coroenergy-investor-update-q1-2023-short-v27-2.pdf
Slide 3: $87m
If Coro were offered £50m and pay off the debt and would be worth multiples of the current share in cash alone.
Dividend or use cash to build and bring in better projects?
Either way 0.24 looks a great level now no risk of Lombard selling down.
Not down to him though is it - down to Conrad.
Is it possible for Jp to deliver, after his screwup of sound & now Echo suspended id say he’s the biggest failure on Aim & I’d see a future with him gone & John Menzies back, just my view?
Now 6.29mcap
so assuming conrad manage to strike a deal the numbers spoke about would suggest coros stake is worth a considerable amount of cash which would enable them to pay off the bondholders ,leave them with a decent cash pile and added to the italian asset sale in a very healthy position.
against a market cap of 6.5m this could look silly!
then we come to the new ned so you have to ask yourself why appoint her ?
my thoughts for what they are worth is the chitter of bmd may have some substance as she is close to the government of ****stan .
the other thoughts are the green direction of orcp may suggest that coros solar business could have some synergies.
now is the time for jp to deliver on all fronts
The sale of the Italian assets?
Think we might sell our stake before then tbh.
And where is the income coming from until 2025 assuming it happens then
And where is the incoming from until 2025
Conrad holds a 76.5% operated interest in the Duyung PSC , with a revised POD approved by the Indonesian regulator seeing contingent resources increased by 458% (relative to the initial POD). The Duyung PSC includes the Mako gas field which contains close to 500 billion cubic feet, of which 297 billion cubic feet is net attributable to the joint venture where Conrad owns 76.5%. The company is currently in discussions with buyers in Singapore and Indonesia regarding gas sales agreements, with two Heads of Agreement already signed with buyers from Singapore.
Conrad already has an approved plan of development and work is currently underway to conclude a gas sales contract with a Singapore gas buyer and Indonesian regulator SKK Migas, which could allow for first gas sales in 2025 transitioning Conrad Asia into a significant cash flow generator.
Coro 15% of 297 Billion Cubic Feet of Gas, 44.5 Billion Cubic Feet, $85million dollars approx.
The agenda of the in a frock Vixen is simply to cause trouble he's best filtered
A contract for a mast - whoopdidoo !
More than happy with that RNS - company working hard in the background with the GSA imminent IMO.
But no posts, not hard to see others posters agendas on this board.
OM very funny.
TIMBERRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR
EREBUS FILTERED AS ANOTHER IGNORANT CLOWN AND RAMPER
YAWN EREBUS - and he was a great comedian . EREBUS Is probably one of those so called bekind liberal clowns who thinks CHURCHILL did nothing great for this country . OH THE INDOCTRINATION by left wing teachers in state schools and universities. Glad i went to Private school
Are u going to ramp coro anymore BTW - this share will decline without further news
Not a believer in free speech or people having an opinion then Erebus55 unless it follows the agenda of a certain ilk.
of course i know who bob hope is - surprised you mention in a joke someone who was sexist and ****phobic. is that what you admired in him?
U obviously have no idea who bob hope was and the phrase . Anyway rampers flown away now like the garbage they are ROFL
And since when has aim companies ever kept to their deadlines in RNS's other then when to get placings or give themselves bonuses etc
I rest my case
Oh dear, what an odd post.