Member Info for smkr

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”

Aaaand the Mm’s fishing session is complete

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 think anything below 10p would be peanuts too Sebo, so I’m in same camp as you, and I would bet the tr1 holders are too.

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.

Lol it goes nt for more than 4.5 grand of shares and people sell on them dropping the bid 😆

Firmed up again today. Oil still holding higher prices too. Perfect storm for STAR

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

Buyers taking up the cheapies

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..

Lol

Lol. few little cheeky top ups for me. ta very much

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

Feels cleared .. nicely blue. Now let’s see some recovery. What an over reaction last week. Well tests are still underway

Book tightened up a bit and now blue. Fingers crossed

It could also be someone trying to close off some sort of position before end of tax year. If they run as a limited co or whatever.. we will soon see.

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.

See ya .. until next time under a different name lol 😂