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One ray of hope is the US Investment company that is looking out for investors in the Nickel projects.
I remember a similar outfit working for Prem before the big rise in the sp.
In there case they were waiting for the EPO to be granted, where as we are waiting for the mining license.
Good idea ... lst the Chinese consortium but out the mines for even 7/10p per share ... and they keep their battery storage business...
In life trust is everything...yes its undervalued but unfortunately so are many others at the moment...i like someone who underpromises and over delivers...Now what do this lot do?...such a shame.... .40 very soon unless a magical deal happens...
Agreed , that's why I sold out previously
"SK needs to deliver"
@ £2.5m mkt cap ... Chinese may as well buy the lot
It isn't just the simply financial calculation. It's the loss of credibility in management. Verbal interviews not aligning with RNS or status, deceptive operational update instead of direct message on a failure and reporting the impact to shareholders (e.g.: Avonmouth project failed, impact to company is this, this is the new plan). It doesn't build trust
AVONMOUTH - £72k cost
28 May 2021
Corcel Plc, ("Corcel" or "the Company"), the natural resource exploration and development company with interests in battery metals and flexible grid solutions, announces exclusive rights over the acquisition of the "shovel ready" Avonmouth 50MW gas peaking project outside of Bristol from FPC Electric Land Limited ("Electric Land" or "EL").
Highlights:
o CRCL acquires exclusive rights to 100% of the Avonmouth gas peaking project further expanding its growing Flexible Grid Solutions project portfolio
o CRCL also acquires the rights over an additional 15MW of potential grid connection capacity and associated land at the Avonmouth complex
o Purchase consideration is £72,000 payable now and a further £72,000 payable at financial close as well as agreement with EL on a 30-year project land lease
so a loss in mkt cap of £2 - 2.5m for an investment of just £72k..
its created a buying opportunity at these levels
I would say it's to do with investors not wanting to put their names to fossil fuel investment, world is going green and everyone wants to be Part of the revolution to a greener planet , hence why the battery storage is much more attractive to CRCl as likely to have a numberofinvestors lined up now Corcel have partnership in place ,
Burwell should be a very attractive asset along with these other projects inthe pipeline
"update shortly"
Does anybody have a view on why the Peakers deal was suddenly off.
The company issued a new presentation a few weeks ago and it was on there, then all of a sudden that RNS?
Thanks mcfcnige
Drop in sp overdone , currently oversold ,0.7p to tempting
Hoping for battery storage update,
the forgotten "burwell"
and obviously any nickel updates due to the sheer size and value of these assets, will push us much higher
One positive update is all that is required
Time for SK to deliver
GL
Good to see you back Dicko :-)
This will shoot back up in the next couple of weeks ... good buying op for anyone with reddies.... GLA
Good post Agricole
Nickel projects are worth billions as you say
£2.5m mkt cap is cheap
I agree, it’s important not to lose sight of just how low the market cap is. If we were valued 10 times higher for our nickel projects I don’t think that would raise any eyebrows
Good post Agri, we do have fantastic assets and the company market cap should be much much higher…
Roll on the next few weeks ...
1. £40m valuation for Mambare. Some talk of an invitation to visit Korea to agree a MOU and commence offtakes of Direct Shipping Ore. Align discount it by 90% to arrive at a £4m valuation.
2. Align say the WoWo Gap valuation is £3.2m however 890 thousand tonnes of nickel @ $24k/tonne and 66 thousand tonnes of cobalt @ $82k/tonne is $26.8bn worth of resources.
3. Altana partnership will fund energy storage projects; if Corcel pull its finger out and can arrange some then there's project/arrangement fees which it can earn in 2022.
4. Burwell is a "shovel ready" 100MW project (solar and storage) which Corcel own - on the books at £90k. Align reckon it's worth £1m-£2m even at this stage and would be worth circa £40m in 2025 once operational.
5. Demspter - Vanadium 50% owned - on the books at £250k. Worth £1m according to Align.
The 2021 accounts show net assets of £4.5m including the above. If there was a fire sale tomorrow you have to ask yourself would those assets only sell for £4.5m? Or one third less than £4.5m?
I ask this because today's market cap puts the entire business at £3m which seems to be incredibly cheap.
You can't deny the communication has been poor and "suddeness" of Avonmouth Peaker's demise is a disappointment but you have to stop and wonder..... is there a baby in that bath water?