Member Info for Hedgehog100

Charlie,

CRCL obviously has huge business acumen, and is very good at accessing and executing hugely value-enhancing deals for the company.
This is also helped by the company's status as a listed company, and its access to cheaper capital as a result of that.
'Cash is king', and listed assets are worth far more than unlisted assets.
And a larger asset base is worth more pro rata than a smaller asset base.
CRCL is clearly building something huge here in terms of its FGS (flexible grid solutions) arm alone.
And this growing and valuable FGS asset base will be of huge interest to the multiple investment funds competing for such assets.

Mike,

I think that a few people are probably regretting not having topped-up &/or rebought earlier this week!

And Align have taken another 4M. of the available shares 'out of circulation', which won't help the supply.

Hi Wild_Card, and welcome.

This unaudited interim report for the period ended 31 December 2019 represented a period prior to the reverse take-over of OTAQ Group Ltd by Hertsford Capital plc, which was formally agreed at a General Meeting by Hertsford shareholders on 27 March 2020.

Since then the company has changed its year end date, and the latest interim results were announced in November:

26th Nov 2020 7:00 am RNS Interim Results
"Strong double-digit growth for the first half suggesting OTAQ is well on track to deliver on full year expectations
OTAQ, the marine technology products and solutions group for the global aquaculture and offshore oil and gas industries, announces its Interim Results for the half-year ended 30 September 2020. ..."
https://www.lse.co.uk/rns/OTAQ/interim-results-2p0hgdgrzqj8fh7.html

OTAQ is main-listed rather than AIM-listed, so its final results have to be released within four months of its year end, rather than 6 months.
I.e. For the year end 31st. March 2021, by end July 2021.

The finals were announced on 27th. July last year, and were preceded by a full year trading update on 10th. June, so we should be due one imminently.

CRCL now has well over 100MW, well over double that of MAST.

Mast Energy (MAST) has 49MW, and has a market cap. of £24M. ... and without the nickel and vanadium projects that CRCL has!

That shows what a bonkers valuation CRCL has at a market cap. of under a third of MAST's.

Well done and thanks to the CRCL directors for creating such value for our company.

Which could give you a very fat return ...

"I now have £68K in this and I'm not at all worried."

Why not make it another £20K., for two fat ladies ...

Agreed, but I think niceness extends to being nice about the directors too, not constant silly sniping and nitpicking.

It's a coward's approach to do that to people who can't answer back.

And when someone answers back on their behalf, you soon find that the cowards can't handle it.

Yrabsmurruc,

You're missing the point.

You initially said that JP had SAID it, not that it was just your interpretation.
When he HAD NOT said it.

The recent director share buy at over 2p doesn't suggest that they think the s.p. was ahead of itself.

Yrabsmurrac,

Using your logic, then if a company isn't in control of timescales then it should give no time guidelines at all.

However, I don't think that would be fair on investors, or is what they want.

There's also a lot of double standards.

For example, you recently (6th. May) claimed that James Parsons had said that the CRCL s.p. had got ahead of itself ... but it transpired that he hadn't said that at all. *
So my suspicion isn't that you wouldn't last long as a director issuing RNSes before being sued for issuing false information ... yet you are the quickest to start whingeing about the accuracy of others!!

* JP had apparently actually just said in an e-mail to you that some investors were focused on the short term.
You should have reported that accurately, not claimed that he'd said something different, with any interpretation of it by yourself as an aside.
My interpretation of what he said is that he's saying that the s.p. is underpriced, because it doesn't factor in the huge inherent value here. I.e. the s.p. is 'behind itself', not 'ahead of itself'.

But Torre,

You're constantly asking them to say something - make up your mind!

They gave their best expected time estimate (and I would say we're still within the timescale of "imminent" from when they said this was expected), which they are incumbent to do.
The mature, intelligent attitude would be to accept that's it's not set in stone - it's a guideline only.

Look at yourself: you told us that the land sale was off ... now you say it could be still be on. So your original statement was 'wrong'. Maybe you should stop casting stones ...

And even two out of three from CRCL wouldn't be bad compared to other companies, and it's two better than you:
• On 26th. March we were told by CRCL that the Mambare EIA permit was expected shortly, and it was announced two weeks ago.
• The company told us three weeks ago that it expected to expand its FGS (flexible grid solutions) footprint in the near-term, and a new FGS acquisition was also announced two weeks ago.

Torreaguas Posts: 4,032 Price: 2.075 No Opinion
RE: Updated Corcel Investor Presentation, 14.5.2118 May '21
"I hope I am wrong on this but I have heard the land owner at Burwell is no longer selling. ..."
https://www.lse.co.uk/ShareChat.asp?ShareTicker=CRCL&share=Corcel&page=6

Torreaguas Posts: 4,033 Price: 1.525 No Opinion
RE: Shocking stuff Today 10:45
" ... I am not saying it will not get resolved, it could easly be sorted if the landowner goes ahead, or if he goes ahead and sells to the original buyer. All I am saying is no one knows what the landlowner has in mind because he wont tell anyone."

Torre,

Perhaps I could start a rumour, as everyone else seem to be doing so!

My rumour is as follows:

The original land sale could still be on, and was never really off!!

Apart from anything else, Torre, you are massively overstating the relative value of Burwell to CRCL, which is just one of CRCL's multiple projects, with a value multiples of its market cap.

And with regard to Burwell, two of your 'scares' are mutually exclusive: i.e the landowner not selling (not that that's a problem), and the attitude of a new landowner!
If the landowner isn't selling, why keep raising the issue of a new owner's attitude?
Probably because it's a convenient scaremongering angle , so you're not going to let a little thing like the facts get in the way of using it!

The lease heads of terms with the landowner took months to agree, so that was the major breakthrough.
Are they legally binding?
Well, heads of terms can be legally binding in some circumstances, depending upon the wording and the actions of the parties.
But either way, you don't agree heads of terms unless you are happy with them.

It's also in the interests of both parties to get this deal done, and when that's the case, a deal is usually done.
And the landowner actually needs it more than CRCL does!

Big deals take time, and the pandemic won't have helped timescales, but I'm confident that a deal will be done here.

22nd Sep 2020 7:00 am RNS Burwell Site - Planning and Grid Connection
" ... With the receipt of both planning and the grid connection, we are now able to finalise the land lease, assess final project economics and validate procurement timelines, all with a view to either initiating discussions with project funders (likely at an SPV level) or indeed to consider a quick sale of the project to a third party. ... "
https://www.lse.co.uk/rns/CRCL/burwell-site-planning-and-grid-connection-lrfmbhwyr12uq2z.html

Torre,

A major issue here is your U-Turn (or more like a double backward somersault!) when nothing of substance has changed in the period during which you changed you mind/posting.

We've known about the 22nd September RNS for about 8 months - about 35 weeks.

For the first 34 weeks you had no problem with it - so why has the extra week made such a seismic difference?

It hasn't has it.

It's not the situation that has changed, but you stock position and personal interests.

You have 3M. shares to buy back, and in order to do that at a reasonable price, you have to convince others to sell while you are quietly accumulating
Just as you were convincing people to buy while you were quietly selling.

Your silly scaremongering doesn't withstand any serious scrutiny, but you know you can get some traction with it.

" ... what if a potential buyer has other plans? ... "

Make up your mind Torre!
Your rumour was that the landowner was no longer selling!
You are just making up silly scares, with no logic or consistency.

The land has planning permission for the battery project, which has far more land use value than agricultural use, so why would anyone throw money away by not using that permission?
But it needs CRCL's grid connection.

As regards the '8 months': the same applied last week when you were posting this on ADVFN, immediately before you dumped 3M. shares :

rmart 18 May '21 - 10:09 - 827 of 838 0 3 0
"Next leg up about to commence. NT to buy under 50000, 2.2 to buy now."
https://uk.advfn.com/cmn/fbb/thread.php3?id=48090403&from=816

ROCKLAWN Premium Member Posts: 2,217 Price: 1.925 No Opinion
Burnell 18 May '21
"Just for the record i have had an email from Corcel to say it's irrelevant who owns the land the existing owner or a new purchaser they will still be leasing the land from whoever. The RNS of the5/5 remains in place ...and he did make a comment that another investor had made the same inquiry ... hope this clears any doubts."
ReplyRecommend (10) Report Pos
https://www.lse.co.uk/ShareChat.asp?ShareTicker=CRCL&share=Corcel&page=3

Torre,

I would add that CRCL moved very fast the same day as your rumour to say why it didn't matter - thanks to ROCKLAWN for the above post.

But you've continued to push it asking them to say something when they already have!

You are now on my list of posters not to trust, and I will not be posting on your ADVFN thread (i.e. rart's) anymore!!

Torre,

The only shocking thing is your postings.

I think that's the consensus view, including from Confounded (Mark10101 on ADVFN).

They HAVE finalised the lease heads of terms, and nothing has materially changed in the last week or since you did a U-turn after selling half your holding.

You have then deliberately tried to spin the issue of landownership negatively to try to create bearish sentiment where none is warranted.

It's all progressing perfectly well, and the progress is what you would expect for a large commercial transaction.

CRCL have kept us perfectly well updated, and it's unnecessary and inappropriate to give a running commentary on all commercially sensitive deals being arranged, which could be subject to non-disclosure agreements in any case.

Thanks to Bambos on ADVFN for this useful post recently:

bambos22 20 Mar '21 - 13:44 - 68 of 838 0 2 0

"Parsons a couple of days ago

Q: How quickly can you build scale with firms like Corcel, which clearly have an interesting platform on which to grow?

Corcel is, in my view, one of the “yet to be recognised” early leaders of the energy transition in the micro-cap space.

We operate at the intersection of battery metals mining and its end-use in energy storage with a portfolio focused on first acquiring battery metal resources prior to the widely expected structural price hike and secondly generating low risk cash flow from energy storage and trading via batteries.

If we were directing a movie of the 2020/21 energy landscape, I would suggest a suitable working title to be “The Rise of Batteries”.

Corcel is right in the middle of that space and looking forward to playing its part! Since 2019 we have focused on sorting out the inherited legacy issues, and then turned our attention to building the strategic foundations for the future – this is swan paddling stuff, with lots of work going on unseen but we are really making progress now.

The focus at the moment is on achieving shovel ready status at Burwell, the battery storage site in Cambridgeshire, on securing a Mining Lease at Mambare, our first PNG Nickel deposit, and on unlocking Wo Wo Gap in conjunction with RMI (an ASX listed company where Corcel has a significant debt position).

So, scaling up is critical and that will come as we both broaden and deepen the portfolio – however, I really want to see some of the inherent NAV we have already created reflected in our valuation before we make the next big move. I don’t expect that to be too long!"

https://uk.advfn.com/cmn/fbb/thread.php3?id=48090403&from=68

"Hedgehog. Again you deleted my second post highlighting the BS that you posted, and so now you had LSE delete your post as well. Well done. At least you now recognise the failing in your post. Congratulations."

Testpack,

I made no request at all to LSE about either of those posts.
I noticed though that my post criticising your postings very quickly garnered 15 recommendations, so it obviously struck a chord with many people.

" ... like FAR the reward is 1-2 years away ... "

Yrabsmurruc,

FAR quadrupled virtually overnight in March, to a market cap. of over £100M.
So if CRCL is 'like FAR', I don't think we will need to wait long ... though I agree that it will be worth holding in the medium and longer term too, for even bigger gains.

If you look at CRCL's new presentation, you will see that there should be a very active period of newsflow in the short term, with advances on multiple fronts:
https://www.corcelplc.com/wp-content/uploads/2021/05/20210514_CRCL_PPT_FINAL.pdf

Which means that CRCL should be a great share to hold over this summer, which can be a quiet period in the stockmarket, but still very capable of delivering multibaggers.

Indeed shares that are progressing in the summer tend to garner more attention, as they stand out more.

CRCL's dip this week coincided with a (misunderstood) CRCL rumour.

So Fleetwood Mac's classic LP record "Rumours" is a fitting choice to illustrate CRCL's investment credentials.
https://en.wikipedia.org/wiki/Rumours_(album)

Track listing:

Side one
1. "Second Hand News" - CRCL rumours.
2. "Dreams" - Dreaming of CRCL's gigantic upside.
3. "Never Going Back Again" - CRCL's new higher trading range.
4. "Don't Stop" - CRCL's stream of positive newsflow.
5. "Go Your Own Way" - CRCL's unique hybrid business model.
6. "Songbird" - CRCL's sweet RNSes.

Side two
1. "The Chain" - Obsessive-compulsive CRCL trolls.
2. "You Make Loving Fun" - Enjoying some CRCL profits.
3. "I Don't Want to Know" - Filtering CRCL trolls.
4. "Oh Daddy" - CRCL profits funding a sugar daddy.
5. "Gold Dust Woman" - A CRCL sugar daddy's girlfriend.

"As regards the credibility of DKE and their 20.5.21 RNS, it makes it very clear that they WILL develop the projects, not that they MAY do so, so will tender to do so."

AMENDMENT: "not that they MAY do so, or will tender to do so."