Member Info for Malik-

Hm. Ok so let’s recap what we have here…
A 4-5m company.
It has
-200Mt nickel resource at reasonable grades, and with an conditional offtake from top tier players. A commodity on fire, and for which sadly Russia/Ukraine conflict is benefitting. Awaiting lease. I know loads of companies without one trading at multiples this mcap and which don’t have any offtake partners either
-A gas peaker which just won the Uk auction guaranteeing a visible and fat income stream at a time when gas prices are though the roof, This alone with worth up to 4x the current mcap. That’s one of the two gas peaker…
-Other assets

Market just doesn’t want to give the shares any benefit of the doubt. Just priced as roadkill, as though the company will never achieve anything, and those assets will never see light of day. Understandable from past experience, but now we are at inflection point.
The auction win changes this. It’s a big win for the company. This opens door for partnership and financing of project. It’s a utility style project not mining. Much easier to get financing, much easier conversation with banks, and you have the guarantee of income stream to show the lender.

Let me be clearer: the worse case, guaranteed revenues of £31/KW of equivalent to 2x share p of value.
At £65/kW (includes additional revenues from things like ancilerary revs) that’s more than 4x share p of value.

MARKET WAKE UP

P is +2.5% at 3m high.

Sadly…
War is inflationary sadly

Try to Google this - should be the first link that appears:

telegram corcel plc

Well it’s more than market cap in terms of value.

Thanks guys for flagging.
Isn’t this massive news?!
Value accretion from this is worth more than market cap.

Surprised shares not reacting.
Let’s see if company confirms in am.

Wait isn’t the clearing price c£30/kw
Over 47MW that’s c1.5m pa over 15y of capacity payments?

Ok thank you

Thanks but how did you figure out that ML 530 is the mining lease for Mambare.
I don’t recall seeing Corcel mention anything else than EL1390.

.

Apologies but where’s have you found out that ML 530 refers to the mining lease application for Mambare?
All in the docs of Corcel, Mamabare is referred to as EL1390.
Thanks

.

Focus on what matters:

An EXPLOSIVE UPSIDE with what close to zero downside?
We are sitting on 200Mt effective ownership of nickel resources with reasonable grades, in a country in which the Chinese already operate a nickel mine and; and Corcel already has a conditional offtake agreement with surprise surprise a Chinese player - and not any player: a TOP3 titanium producer in the country.
And here we are at £4m valuation just at a time when nickel hits new decade highs daily, at at a time when OEMs are moving to nickel as key material to secure offtakes on.

This is a JOKE, but it will be rectified.
And when it does FASTEN YOUR SEATBELTS.

How on earth can this share be barely higher than before the silver drill hits is beyond me! Market cap now + 5% year to date. That’s les than £2m on value.
This market is completely dysfunctional, but fundamentals always prevail.
BUY

That IS Mambare

Or should I say, nickel p hit another new high today - highest in 11y

Needs to be highlighted that nickel price today hit an 11y high.
And yet the share price drops and drops :)

The lithium byproducts effectively triple cash generation of the company, at current Li prices.
Think what this means on a stage 2 project….

If you want to know how Cheap we are - look no further than Premier African Minerals. A lithium stock with a 20Mt resource in Zimbabwe.
Market cap £70m.
Cash on hand zero. Zero cash to explore.
Preliminary talks with an unknown entity for possible JV.
At scoping study only.

Hm ok let’s compare.
We have 300mt resource
In a jurisdiction no worse
Have a £5m mcap
Have an MoU with KNOWN entities and of TOP quality - third titanium player in China, multi billion fund.

This market cap is a joke, no matter how you look at it.

What the market is missing is that Rare Earths should sadly benefit from the current geopolitical crisis. This key critical mineral could very easily be used as leverage by alliances in the east.

MKA = CHEAP and at big discount to Pensana