Member Info for Barno61

500% behind you Matey!!

Looks like the £1.19p price target could now easily be met. This is blockbuster territory!!

Excellent news for all parties.

This also shows great confidence in the company.

("Corcel" or the "Company")

Loan Conversion - Directors Dealings - TVR

2 January 2024

Corcel Plc (London AIM: CRCL), the Angolan focused exploration and production company, announces that it has received notice of the conversion of a portion of its outstanding convertible loan notes as originally announced on 18 September 2023.

Convertible Loan Note Conversion:

The Company has been notified of the conversion of £250,000 of outstanding loan notes and associated interest from its lender, Extractions Premium & Mining Ltd ("EXT"), into 32,061,643 new ordinary shares of the Company at a price of £0.008 (the "Conversion"). The principal balance of the convertible loans note following conversion is £750,000.

As previously announced, EXT is 45% owned by the Executive Chairman of Corcel Plc, Antoine Karam.

Directors Dealings:

Following the Conversion, the resultant Directors' shareholdings are as follows:

Director

Ordinary Shares

Total Shares

% of Issued Share Capital

Options

Warrants

Direct

Indirect

Antoine Karam

-

150,136,747

150,136,747

8.99%

-

94,996,305

Admission to Trading on AIM and Total Voting Rights:

Application is being made for 32,061,643 Shares to be admitted to trading on AIM, the admission of which it is expected on or around 08 January 2024.

In accordance with the provision of the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority, the Company confirms that, following the issue of the Shares, its issued ordinary share capital will comprise 1,670,876,345 ordinary shares.

All of the ordinary shares have equal voting rights and none of the ordinary shares are held in Treasury. The total number of voting rights in the Company will therefore be 1,670,876,345. The above figure may be used by shareholders as the denominator for the calculations to determine if they are required to notify their interests in, or change to their interest in, the Company.

For further information, please contact:

Antoine Karam Corcel Plc Executive Chairman

Development@Corcelplc.com

James Joyce / James Bavister /Andrew de Andrade WH Ireland Ltd NOMAD & Broker

0207 220 1666

Patrick d'Ancona Vigo Communications IR

0207 3900 230

The share price is not a reflection of what’s going on here.

Production could easily start very quickly and the infrastructure to transport it already in place.

I believe 3-5p would be a fair reflection in value. Let’s see what comes out of the ground and how fast.

All looks rosy in the garden!

With oil production almost imminent and the wells full and linked. The price will soon reflect the magnitude of what’s in the ground .

Solid buy and a multi bag share!!

The overhang and shorters must be gone.

Its vertical from here!!

This will double or more in a few days. £1 plus is a realistic target.

It took from October 29th to October 2nd to drop from 120p to 12p. Forthcoming news is going to reverse that. And that’s imminent.

It would seem sense and a re-raring is taking place.

20p a target for this week. Who knows from there and a finance deal ? Skys the limit!

My guess was Glencore tbh.

They have the ££££ and the knowledge .

As was said earlier. £1 would be a starting point but probably a whole lot higher as the mine has a strong base value .

Agreed. But a take over is definitely on the cards.

The share price is monumnetally undervalued and Horizonte is a sitting duck.. what a buy for someone after the company has spent so much and is so close to production.

It must be near impossible not to see the massive value to be had here and the long term potential .

For less than £40 million and a few loans a mine worth probs my more than a a couple of billions going begging.

Given the finance provided to date. £20 million loan This month.

It can only be a short term move to full funding.

Do not be short or out as it may seriously impact your wealth. Happy 24 and good luck for an imminent massive share price boost!!

A slow creep up today to avoid being in the spotlight. This will 100% double treble etc over the coming weeks as we near production and full funding.

Getting real here:-

1. The company has a major asset/ assets.

2. Over $400 million already spent.

3.A loan worth almost as much as the company’s current valuation.

4. The major lenders are falling over themselves to lap. The company money to get to the finishing line.

5. Billions££ to come.

6 Without doubt one of the cheapest and best shares to buy on the market right now.

Wealth warning.

Buying now will surely make you a fortune!

Let’s hope he’s pulled it off.

This could be the MM putting in a rise to lure people in.

No deal in January and the price plummets and they make a killing.

I’m tempted to sell but greed stops me 🤣🤣

From a 1.65 % of the company still shorted on the 17th December.

To 0% shorts today.

We should see a substantial uptick from here.

You chose wisely.

Proven oil and easy production and also soon.

10 bagger plus this one in the short term!!

With the great news today. The market cap looks a little ridiculous and a rerating will now happen.

There are no current short positions above 0.5% in HORIZONTE MINERALS PLC

Seems the shorters are now closing their positions rapidly.

90p target 584% upside 💥

The money side is sorted and we are just months away from production. Huge upside and potential!