Member Info for Hedgehog100

"UK's net-zero bill could be £16.7bn lower with flexible energy, new report reveals

18 May 2021, source edie newsroom

The annual cost of the UK's net-zero transition could be billions of pounds cheaper if policymakers and the public and private sectors collaborate to scale up battery storage, hydrogen and other flexible energy innovations.

That is according to a new in-depth report from the Carbon Trust, out today (18 May). The report outlines how the nation’s electricity demand could treble by 2050, against a 2019 baseline, as sectors including transport and heating become increasingly electrified – and how the costs associated with this shift can be minimised.

According to the report, “embedding” flexibility across power, heat and transport will be necessary to reduce the cost of the low-carbon transition – and will reduce operational costs as well as upfront costs. If properly embedded and scaled, flexible technologies including batteries and low-carbon peaking plants could cut up to £16.7bn off of annual bills by 2050. ...

“It's critically important that industry, business, consumers and the public sector understand the value of flexibility and the benefits that flexibility brings to the British economy,” the Carbon Trust’s chief executive Tom Delay said. “Flexibility always delivers – we should invest in it now.” "

https://www.edie.net/news/6/UK-s-net-zero-bill-could-be--16-7bn-lower-with-flexible-energy--new-report-reveals/

AMENDMENT to previous post:

Tweeted by Corcel this afternoon:

" ... UK's Net-Zero Bill
•The annual cost of the UK's net-zero transition could be billions of pounds cheaper if the public & private sectors collaborate to scale up battery storage & flexible energy innovations "
https://buff.ly/3fY4sgO

Good new tweet from Corcel this afternoon:

"Corcel PLC@CorcelPlc · 1h
#CRCL #Energy #Battery #Storage
????'?? ??????-???????? ????????
•The annual cost of the UK's net-zero transition could be billions of pounds cheaper if the public & private sectors collaborate to scale up battery storage & flexible energy innovations "
https://buff.ly/3fY4sgO

https://twitter.com/CorcelPlc?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

The CRCL chart is now showing a falling wedge pattern, a bullish reversal signal, just as it's done in the past before breakouts upwards.

This pattern is a 'deceptively bullish' indicator, i.e. a bullish indicator that inexperienced traders may misinterpret.

In fact it's probably my favourite chart pattern, and one that has preceded some of my biggest gains.

"Falling Wedge
When a security's price has been falling over time, a wedge pattern can occur just as the trend makes its final downward move. The trend lines drawn above the highs and below the lows on the price chart pattern can converge as the price slide loses momentum and buyers step in to slow the rate of decline. Before the lines converge, price may breakout above the upper trend line.
When price breaks the upper trend line the security is expected to reverse and trend higher. Traders identifying bullish reversal signals would want to look for trades that benefit from the security’s rise in price.

Trading Advantages for Wedge Patterns
As a general rule price, pattern strategies for trading systems rarely yield returns that outperform buy-and-hold strategies over time, but some patterns do appear to be useful in forecasting general price trends nonetheless. Some studies suggest that a wedge pattern will breakout towards a reversal (a bullish breakout for falling wedges and a bearish breakout for rising wedges) more often than two-thirds of the time, with a falling wedge being a more reliable indicator than a rising wedge."

https://www.investopedia.com/terms/w/wedge.asp#ixzz28GvBK1TF

P.S. Thanks Staffy.

"MAJOR SHAREHOLDERS
THE COMPANY IS AWARE OF THE FOLLOWING PERSONS WHO HOLD, DIRECTLY OR INDIRECTLY, VOTING RIGHTS REPRESENTING 3% OR MORE OF THE ISSUED SHARE CAPITAL OF THE COMPANY.
Major Shareholders as at 1st June 2021 Designation Number % ..."
https://www.corcelplc.com/investors/major-shareholders/

= 70.82%.

bambos22 26 May '21 - 18:25 - 1190 of 1414 0 1 0
"James Parsons.. Sou £2m to £800m
CRCL next...and why not..
Right place. Right time"
https://uk.advfn.com/cmn/fbb/thread.php3?id=46705753&from=1190

Thanks to Bambos22 on ADVFN for that useful snippet ... I like the Sound of it!

And let's not forget Ewen Ainsworth at GKP, which nearly 100-bagged at one point during his directorship ... a clear Gulf in class!

16th Jun 2014 7:00 am RNS Directorate Change
"Gulf Keystone Petroleum Limited ("Gulf Keystone" or the "Company") today announces that Finance Director Ewen Ainsworth will leave the Company to pursue other interests on 17 June 2014.
A search for Mr Ainsworth's replacement is underway and potential candidates have been identified. While that search is concluded, Mary Hood, the Company's Financial Controller will serve as acting Chief Financial Officer.
Gulf Keystone's Chairman Simon Murray explained: "Over his six years with Gulf Keystone Ewen has played a key role in the Company's growth and we thank him for his dedication. Now, with our main market move and recent US$250 million bond financing behind us this is a good time to make a transition."
Gulf Keystone's CEO Todd Kozel added: "Ewen was instrumental in securing the financing for the initial exploration activities which ultimately resulted in the Shaikan discovery. More recently, Ewen helped build the financial infrastructure to support the Company's transition from an exploration company to a production company, and to obtain the financing required to fund Gulf Keystone's future development plans." "
https://www.lse.co.uk/rns/GKP/directorate-change-71puy23ord1adin.html

So the Parsons-Ainsworth-Kaintz combo should certainly PAK a punch!

https://www.corcelplc.com/strategy-mission-statement-responsibility/board-of-directors/

On LSE, rather than on something stronger -

10th May 2021 7:00 am RNS Acquisition of 50MW Flexible Energy Project
"Corcel Plc, ("Corcel" or "the Company"), the natural resource exploration and development company with interests in battery metals and flexible grid solutions, announces the acquisition of a 40% interest in the "shovel ready" Tring Road 50MW gas peaking project outside of Aylesbury from Arlington Energy Limited ("Arlington Energy" or "AE"). The Company further announces its intention to explore and discuss with AE the potential, subject to agreement on terms, to co-develop and fund additional flexible energy assets in the United Kingdom. ..."
https://www.lse.co.uk/rns/CRCL/acquisition-of-50mw-flexible-energy-project-m1fdprog0jxj0xo.html

28th May 2021 7:00 am RNS Acquisition of Third 50MW Flexible Energy Project
"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"). ..."
https://www.lse.co.uk/rns/CRCL/acquisition-of-third-50mw-flexible-energy-project-c8twt4juioa6wlk.html

1st Dec 2020 8:00 am RNS Burwell Battery Storage Partner Buyout
"Corcel Plc, the natural resource exploration and development company with interests in battery metals and flexible grid solutions, is pleased to announce an update on its Burwell battery storage and solar project (the "Burwell Project"), including the completion of its project economic review and the buyout of the other 50% shareholders. ..."
https://www.lse.co.uk/rns/CRCL/burwell-battery-storage-partner-buyout-md96du3w09jtunw.html

Well, one of my other favourite mining sector stocks, EML, has started to really come good today - up 14.6% to 5.9p.

And it hasn't even had any news - just anticipation of news.

People there are now kicking themselves for not having topped-up on the recent dip.

There's speculation on ADVFN that EML could multibag by the end of the year.

I would say that CRCL has even more potential, because it's starting from a much lower market cap.

I'm looking forward to increasing my gains on both these stocks.

Well done and thanks to AudibleEnergy, who is also invested in both.

I would hope that good news on Burwell progress would move the CRCL to a new high for CRCL - acting as a catalyst for a breakout to the 3p - 4p level.

I certainly am, and so is Corcel - they wouldn't have said so otherwise, and they've been delivering on other areas that they said was coming.

No way of knowing for certain when exactly though: could be this week, might be longer. But I do sense that we are close.

The good thing though is that when news does come it should give the s.p. a really big boost.
Because Burwell has been built up into such a big issue.

28th May 2021 7:00 am RNS Acquisition of Third 50MW Flexible Energy Project
"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"). ..."
https://www.lse.co.uk/rns/CRCL/acquisition-of-third-50mw-flexible-energy-project-c8twt4juioa6wlk.html

10th May 2021 7:00 am RNS Acquisition of 50MW Flexible Energy Project
"Corcel Plc, ("Corcel" or "the Company"), the natural resource exploration and development company with interests in battery metals and flexible grid solutions, announces the acquisition of a 40% interest in the "shovel ready" Tring Road 50MW gas peaking project outside of Aylesbury from Arlington Energy Limited ("Arlington Energy" or "AE"). The Company further announces its intention to explore and discuss with AE the potential, subject to agreement on terms, to co-develop and fund additional flexible energy assets in the United Kingdom. ..."
https://www.lse.co.uk/rns/CRCL/acquisition-of-50mw-flexible-energy-project-m1fdprog0jxj0xo.html

1st Jun 2021 7:00 am RNS Trading Update & Notice of Results

OTAQ, the marine technology products and solutions group for the global aquaculture and offshore oil and gas industries, announces a trading update for the 12 months ended 31 March 2021 (the "Period").

The Company expects to announce results for the Period in line with market expectations, subject to audit.

Notwithstanding the inevitable disruption caused to travel in the Period, OTAQ has made considerable progress in advancing its capabilities in product innovation to address ongoing challenges faced by the aquaculture industry to improve welfare and reduce losses for producers. This is being achieved through a combination of in-house development and strategic acquisitions and collaborations with technology innovators to deliver best in class applications. During the Period, OTAQ acquired ROS Technology Ltd and increased its investment in US based Minnowtech LLP. Post the period end, OTAQ invested in and secured a collaboration agreement with artificial intelligence specialist Blue Lion Labs Ltd.

OTAQ expects to announce results for the Period in the latter half of July.

Phil Newby, Chief Executive at OTAQ, commented: "The year has inevitably had its challenges however our staff have responded admirably and delivered a performance that we are very proud of.

"Additionally, we are very pleased to have acquired ROS Technologies, increased our investment in Minnowtech and secured a holding and a collaboration agreement with Blue Lion Labs Ltd, all of which give us exciting opportunities as we pursue our strategy of creating a portfolio of market leading products that improve production management, output and welfare for the global aquaculture sector."

https://www.lse.co.uk/rns/OTAQ/trading-update-notice-of-results-o1ukma141j2sqc4.html

28th May 2021 7:00 am RNS Acquisition of Third 50MW Flexible Energy Project
"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"). ...
The Company, following comprehensive due diligence on the project, has received third party estimates of annual gross margins of between GBP67-101k per MW/per annum once the project is operational. ..."
https://www.lse.co.uk/rns/CRCL/acquisition-of-third-50mw-flexible-energy-project-c8twt4juioa6wlk.html

= Gross annual profit of up to £5.05M. p.a.

AMENDMENT:

Tweeted by Corcel this morning:

"Burwell Energy Storage Project
• Option to Lease expected shortly - post land sale ..."
https://mobile.twitter.com/corcelplc?lang=en

Tweeted by Corcel this morning:

"?????????????? ???????????? ?????????????? ??????????????
• Option to Lease expected shortly - post land sale ..."
https://mobile.twitter.com/corcelplc?lang=en

So the land sale IS on! (So much for Torreaguas' rumour ...)

And expected shorty!

Watch this space ...

22nd Sep 2020 7:00 am RNS Burwell Site - Planning and Grid Connection
"Corcel Plc, ("Corcel" or "the Company"), the natural resource exploration and development company with interests in battery metals and flexible grid solutions, announces the receipt of both Planning Permission and a Grid Connection for the Burwell energy project.
Highlights:
· 100MW 132kV connection offer received from UK Power Networks
· Planning permission for initial 50MW battery site granted by East Cambridgeshire District Council ..."
https://www.lse.co.uk/rns/CRCL/burwell-site-planning-and-grid-connection-lrfmbhwyr12uq2z.html

Clearly Torreaguas is another beginner on planning matters.

From a reply to the poster "Helpfull" on ADVFN I posted last month:

Hedgehog 10 07 May '21 - 13:40 - 930 of 1282 Edit
" ... 2. Why do they need more time to complete the Burwell planning application process, when planning permission was granted in September?
Because there's a difference between outline planning consent and detailed planning consent.
The former was the major planning hurdle in this case, and the large planning value increase because it granted change of use.
With this achieved, detailed consent in some form can't be refused, just being subject to negotiation with the planning authorities re. details such as design, layout, and access etc. ..."
https://uk.advfn.com/cmn/fbb/thread.php3?id=46705753&from=930

In 2007 the nickel price rose to over US$50,000 per tonne.
The current nickel price is US$17,811.00 per tonne, and is rising strongly, driven by burgeoning batteries demand - a trend which is expected to continue, creating a 'supply crunch' within a few years.
So a return to previous highs later this decade is very possible.

And Corcel's two relatively close by nickel projects in Australasia (Papua New Guinea) are a superbly geared and undervalued play on this green zeitgeist.

1. MAMBARE (CRCL owns 41%)
https://www.corcelplc.com/projects/mambare/

Oilplayer2009@Oilplayer2009·Jan 17
"#CRCL (1.2p) Mambare #NICKEL project could contain ...10 mill tonnes possible contained Ni metal in site ... "
https://twitter.com/Oilplayer2009/status/1350818357340229632?s=20

2. WO WO GAP (CRCL owns an AUD4.76m debt position in RMI, the Wo Wo developer)
https://www.corcelplc.com/projects/wo-wo-gap/

Wo Wo is reportedly bigger than Mambare.
So a conservative estimate of 10 million tonnes of nickel metal seems reasonable.

POTENTIAL AGGREGATE TOTAL, MAMBARE + WO WO GAP: 20 million tonnes of nickel metal in situ.

x a potential future nickel price of US$50,000 = one thousand billion dollars.

I.E. ONE TRILLION DOLLARS.

Compared to a current Corcel market capitalisation at 1.9p of £7.31M.

I.e. under one hundred thousandth of that potential in situ nickel value.

Note that this figure should and will be diluted:
• CRCL does not own these projects outright: i.e. 41% of Mambare, and a future proportion of Wo Wo Gap (50% seems like a reasonable estimate, but is subject to current negotiations).
• Development costs will further dilute CRCL's ownership &/or market capitalisation.

Even allowing for this, and other factors, the valuations and potential concerned clearly give a gigantic potential upside for CRCL from these projects.

Mambare and Wo Wo Gap are under a hundred miles apart, and there are obvious synergies here.

And Corcel also has other potentially very valuable growth areas.

Wilbur,

I don't think CRCL will get cash from RMI: rather we will exchange the debt owed to us by RMI for share of the Wo Wo Gap nickel project.

Though the debt isn't due for repayment in part until Q4, it will be in the interests of both parties to agree a deal as early as possible.

CRCL could potentially go for a 'hybrid' approach: i.e. some sort of joint venture, with the partner providing the development funding in return for a stake.

This would leave CRCL with more available funds to pursue its pipeline of such opportunities.

"CORCEL – TODAY’S MAST IPO HIGHLIGHTS VALUATION DISJOINT WITH CORCEL. REVISION OF PRICE TARGET TO 12.91P. BUY.
April 14, 2021 | Posted by admin
By Dr. Michael Green

... Corcel is investing in energy storage/renewable projects to provide critical services to the UK grid as it transitions from coal/nuclear generated power to renewables. The initial 100MW energy storage at Burwell, Cambridge is strongly backed by a major pipeline of projects that are under review.

Corcel is establishing itself as a developer of UK based energy storage and flexible power generation projects. There are impressive opportunities arising in providing flexible grid solutions (FGS) in the UK as the energy mix transitions from base load generation provided by coal and nuclear power generation to become largely reliant on renewables. The company is seeking to invest in projects and infrastructure required to provide critical services to the UK grid to flexible power generation and storage to smooth grid volatility and maintain system stability.

Corcel has a strategic partnership with ion Ventures Ltd which is an investor in and also a developer of energy storage and flexibility assets. Ion’s business model involves originating and developing energy storage projects. Following the financial close for individual projects, ion generates earnings through yield from its carried interest and management fees earned by having a continuing role as project manager and operator of assets. The ideal project is one with a good quick grid connection and a decent lease on the site.

On the flexible grid solutions side, Corcel’s flagship project is the 100%-owned Burwell Project which is a 100MW (50MW of energy storage and 50MW of solar) project located outside of the town of Burwell in Cambridgeshire. Already, the land lease heads of terms are in place and the grid connection is secured. The project owns the last 100MW 132KkV connection available at the substation there and there are multiple expansion options including solar and storage. Planning could be gained here shortly making the project shovel ready, which is a pretty big inflexion point as at that stage the project could then be sold, funded or new partners could be brought in. ..."

http://www.alignresearch.co.uk/corcel/mast-ipo-highlights-value/

5th May 2021 7:00 am RNS Operations Update
"... Discussions underway with Resource Mining Corporation ("RMI") for settlement of Corcel's AUD 4.76m debt position ...
Chief Executive Officer, Scott Kaintz commented: "I am happy to report that the Company continues to make progress on all fronts, with proposals for the commercialisation of the investment in RMI, in particular, under active discussion. ...
Resource Mining Corporation
The Company announces that it is now formally in discussions with RMI in Australia in respect of the AUD4.76m debt position in RMI, which the Company currently owns. This debt obligation is due for repayment by RMI in Q4 2021 and Q1 2022. ..."
https://www.lse.co.uk/rns/CRCL/operations-update-7orlzqy6h0kokow.html

From May 22 2019, by Barney Orere:
" ... Wo Wo Gap nickel ... has been hailed by geologists as the biggest in the southern hemisphere ..." ...
"When geologists come; they go down on their hunches to kiss the ground and exclaim; 'my god' this is incredible."
HTTP://postcourier.com.pg/wowo-gap-landowners-not-ready/