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Unfortunately they are going to need some more funds as the pot is empty. So expecting RNS with placing for as much as the market will allow. I cannot see it been very much with such a small market cap and excessive debIt’s, next problem it would give another massive dilution again it’s not looking good.
100% agree Ed, I took big lump of stock around 0.47 and took everything they had at 0.48 was a no brainier next bulk they wanted 0.58 so will move fast as most of that stock has already gone. Not interested in selling until they are multiples of today’s price. Imo market cap should be at least £25mil with just the oil. Nothing is priced in yet.
Looking forward to 2024 Ed 🤞 they also win the bidding on the blocks.
Says the well has already been spudded 👀
Tobias-14 Oil Well Spud. Block KON-11 - Angola 📷
Antoine Karam, Executive Chairman of Corcel, commented: "Following closely on the positive initial results of TO-13, the Operator has now completed the rig move and spudded the TO-14 well".
Ed it’s all coming together now. Partner pushing for early production. Both bidding for blocks, what’s not to like, and sat a a ridiculously low market cap. Only going one way when volume picks up.
Https://x.com/corcelplc/status/1726967216451506336?s=46&t=D118Zz6z_AqUOZDEbGM8IA
Still a little unloved but on many investors watch list. Once volume starts picking up as the drilling days pass more and more will invest. Great everyone has had the opportunity to get fully loaded below 0.65 with not a lot of stock floating about it will move north very quickly.
The money has already been transferred it in the RNS
The remaining funds of US$100 million being invested by Hainan as part of the Funding Package have been transferred by Hainan to Kodal Mining UK Limited ("KMUK") (a new subsidiary company of Kodal to be owned by Hainan Group and Kodal).
Thank you, I’ve been in and out of the company for some time. Seller seemed to have finished Friday. Very little stock seems to be available under 0.6 and as the second drill progresses this moves up very quickly imo. Not much around at the moment with this kind of potential. Market have give a gift at these prices. When a good column is found in this next drill this should multi bag several times. Sonangol are not here to mess about, when they say production will be fast tracked that is what will happen.!
MM’s holding the buys back took two lots of 1.5 mil not showing in L2 as they wanted 0.51 for anything over and for 10mil was 0.58 so not much stock available.
It was obvious with someone buying 14mil yesterday. Buy button will be hot this morning.
Showing suspended on my platform hoping for juicy deal confirmation.
Directors all invested this year and locked out from increasing at the moment interest building seems very leaky. Been very quiet on volume and now suddenly picking up.
Good call on this one looks ready for another run, take a look at Roquefort Therapeutics Plc ROQ that’s the next multi bagger not moved yet BOD’s have plenty of skin and closed out from buying anymore with updates pending.
Sit back relax and enjoy the re-rate long journey ahead with plenty of ups and downs, if it wasn’t for the large seller this would still be above £1 majority of that stock has now been taken up by fresh investors. It’s moving freely again just needs to keep breaking resistance points and with the high volume daily it will not take long.
Will not be long before updates land, seller has finished new contracts on the way.