The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Https://x.com/corcelplc/status/1777984873774387386?s=46
▪️ Corcel is laying the foundation for a material growth story, backed by low risk brownfield onshore oil assets in Angola and high upside transitional metals projects.
Read our full presentation here: buff.ly/3OZfjbt
Https://www.ogj.com/general-interest/article/55016979/sonangol-lets-contract-for-lobito-refinery-project
“One of several strategic downstream developments under Angola’s national plan to increase domestic crude processing capacity to help reduce the country’s dependence on refined products imports, encourage increased foreign investment, and create employment opportunities for Angolans”
We should remember that the original LB JV was proposing $81m (£63m) for a 50/50 Jv and 100% offtake. If they offered that right now for whole project, it would equate to 18p per share. There’s parties know the value and future returns
I don’t think it’s the management who would be able to settle for peanuts.
A minimum offer by the offeror (should it be Sheffield) would be the highest price paid in preceding 12 month, which would be Sheffield option at 4.891p (they’ve included this in their tr1).. and then they’d have to get the major shareholders onboard to vote it through, who will also want a return for funding the co through a few raises, last being 4.25p. Between those other tr1’s there’s circa 30% plus of float, then account for other large holders. It won’t be peanuts as in down here.
Yes Kenyan. When they dropped the bid earlier into high 30s you could still only buy just over 1.5m share before nt at 0.42. Right now there’s about 12 grand available then offer is up near 0.45. I feel they’re still clearing something but also it’s slowly being taken
Yeah we could do with an update now. Seems quite odd selling into this week, and I can only assume it’s some taking bits off the table at end of tax year. As Silverblade just said below, it’s fully funded for a decent amount of time for partners / commercial opportunities to develop, with high institutional support, So let’s see..
Boredom, end of tax year, Easter holidays. Just bloody AIM? take your pick..
The prize is still there and getting closer.. Bruce onto CMET board, taking large stake in co.. knows the project inside out.. think about it, if it drifts.. clock ticks
Sounds about right Dan. Feels like it’s going to churn out around these levels (so far) thankfully. So I guess it’s a case of staying put and waiting, or adding if it seems to clear a bit .. 🤝
Sienna, my guess, there has been a sell order placed with a broker and these buys around 0.4 and just over are clearing it. I tested dummy quotes earlier today, there was a couple million, they were bought, we went up, then another few million appeared on the book, we dropped back, they were bought etc. So, it will likely need to clear the last of this, which seems to be getting done orderly around here.