Member Info for digger2667

Https://www.alignresearch.co.uk/cpt-company/coro-energy/

Thoughts anyone?

Latest presentation
hTTps://www.coroenergyplc.com/media/2280/coroenergy-investor-update-q1-2023-short-v27-2.pdf
GSA slipped into Q2, no surprise there, will they ever get this done?
New appointment awaiting regulatory approval.
I reckon today's RNS was released because they don't have a fat lot else to say and as for the other *stan pot of gold let's see but not holding my breath.

ORCP isn't exactly setting the world on fire! I think CORO maybe looking at their green hydrogen project. Only 3 days before the investor presentation so maybe her appointment will be announced then?
Just wish this GSA would get signed so we can get a rerating and pay off that parasitic loan.

I reckon the only RNS they are currently working on is how much Lombard are going to screw us for . Once that's out of the way we will no doubt get the Italian gas revenue and work over RNS and then sit back waiting for the GSA .Repeat after 3 months.

Dionis - the recent placing took his percentage down even though he had bought more prior to that placing.

CF said in his last presentation that we are profitable and market expectations suggest we will be firmly profitable for all 2021
https://www.youtube.com/watch?v=stLEMB03CWA&ab_channel=InvestorMeetCompany

Tonka - here https://www.youtube.com/watch?v=98RjB28ESXs&ab_channel=InvestorMeetCompany

They are paying the equivalent of £570k in shares to buy a company that made a £300 loss. Is it a a newsagent's kiosk?
When the placing and open offer is done, £3.5 million ( or more) there will be an extra £1 billion + shares issued. The statement re Duyung not reaching FID until mid 2022 is worrying. Are they going to be sitting on their hands for another year before any sale proceeds are received?
Think we have been royally shafted here.

I'm not expecting the ANS money to appear end of June or by the end of ever. We will get an RNS saying money not forthcoming and the EG will now start to look at other means to fund it. This looking process will involve Alice and a white rabbit and will come up with diddly squat after a few months. However during the diddly squat months Harry will have been to several tea parties at our expense in order to drum up support in case EG can't look any further. Christmas is my guess but I could be wrong.

It's a pretty illiquid share when the mm's want it to be . I use Interactive investor and am currently getting buy quote for 49k shares @ 4.12p. Tried a dummy sale but can't get an electronic quote for more than 100 yes 1 hundred at 4p. Anything above that and I have to do a kill and fill if I had a mind to. Hope you get it sorted as HSBC shouldn't be having that kind of problem.

Taken from another board
According to David Burton of Total Market Solutions who follows Coro their drop is due to a major seller namely HL Invest:-

"The City “rumour” is @HLInvest (retail thrown in the towel?) are the seller (badly!) of maybe up to 16m shares...

...so keep an eye out, as when finished #CORO should bounce hard and fast."

topsharepicks - i think the market hasn't trusted Harry from the year dot. This sp should be soaring but it's the constant delays and dilution that's keeping it where it is. Icing on the cake is the "reward" to be handed to the BOD for failing to deliver on time if at all. ****ed me off for years but a bit more hopeful that I will break even.
Massive overhang to get rid of but if funding arrives then who knows?

End of month announcement been coming for a number of years! The clever use of words by Harry has fooled a lot of people into thinking this will be the one! I am worried by the use of his new buzzword "trigger" but maybe this time it will be a different story and it will happen. Am not expecting it to this month though and could be Xmas judging by past performance or non performance as it were.

Since 14th August there has been a number of equity conversions totalling £1,063,000 resulting in the issue of 132.4 million shares which is around 16% of the total shares now in issue. So I reckon there's another £500,000 to go which will all be converted at a lower price than today's price . Could be another 80 million new shares at this rate. Judging by the latest action another churn is in full swing and we can expect another equity conversion RNS soon.
As for the sp being 4p not so long ago you have to bear in mind there was a 17 to 1 equity conversion before that .
I've paid the equivalent of 57p for some of this pos and have (stupidly) averaged down over the years .
Am holding fire to see where this goes but wouldn't be surprised to see below half a pee or even a quarter of a pee at this rate of dilution. If the ANS money doesn't come then a busted flush. Harry has a lot to answer for and that day is fast approaching.

All those millions of dollars frittered away into someone's pension pot. No wonder the crook didn't want to meet the UK shareholders. They may manage to turn your gold into nickels if you are lucky but I doubt it.
I got out at a loss ages ago and really feel for those of you that are left in this.

Suckered some sophisticated investors to care of the directors monthly salary bill I see.

Just about sums up this piece of shit of a so called director. He didn't mind the the small guy shelling out in the placement to fund his salary but now its spent and he's got a pittance for the "world class" asset to play with we are all surplus to requirements. Hope the **** catches every STD known to man and beast.

I'm currently in RRR and EME. Of these RRR seems the more risky but it's stake in Jupiter mining which is up for sale or float is compelling. It's been a shit share tbh but it looks as if things could get going there more by luck than judgement. Should know in a few weeks how Jupiter sale pans out . Been in EME for a number of years and in overall loss situation with unsuccessful trading and present holdings. However it looks as if management finally got act together and are involved in exciting prospects. Fully funded so more of a stable bet than RRR. As I said these are bets and I offer no advice just saying what I currently hold. I don't have a lot of money in any of these as I still haven't recovered from the banking crisis which wiped out nearly all of my life savings.

What we need to get this moving is another share consolidation. Howe about 10 for 1 which would catapult us to 46p and make us look important. I've written this off btw so only having a laff in case anyone takes this seriously

The company "knows of no reason" because the BOD is clueless hardly warrants a RNS as this is a given :)