RE: 1 goal missed - 5 more shots on goal27 Jun 2022 12:05
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