Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
TLM, spot on mate.
That’s what it all comes down to, having the patience to be sat at the table when the game is yet to start. It’s very easy to assume this isn’t going anywhere, sell and that’s exactly when stuff starts to happen. The board keep telling us, their business model means that things won’t happen overnight, because they are developing the assets to something of value. As you rightly point out, the assets the company hold now, unless the nickel, cobalt, vanadium markets go completely to pot and no one wants the grid connections they have managed to secure, then it’s a decent hedge against rising rare raw materials that WE KNOW the world will need, to stop the world imploding. In five years maybe someone will look back at these posts on the board and Corcel will be in the pounds not penny’s. GL mate, keep the faith
B… maybe but I suspect there are also other PI’s holding a good chunk.
Until we get news we are going to rocket, but I keep reminding myself ‘why would Align be happy with a placing price just a few weeks ago of 1.5p if they weren’t very sure of a healthy ROI. The board needs to give shareholders news and if they don’t get something done by the summer, more will leave the party. But as someone has posted before, if they can monetise one asset, they immediately look way undervalued. Let’s give them the time they need. I’ve been here for a few years now and it feels like a lot longer, but I do see them in the right space, even if the SP would indicate otherwise.
Haha, thanks dream! Yeah I think we are all feeling the same here. I think this is ‘one of those shares’ it’s priced as it is because of its potential, not because of what’s happened or happening. That’s exactly what you’ll get from the board too. If we already had all of these dots joined, we’d be closed to 50p than 5p. Likewise, if theres no risk, often there’s little reward to be had. I don’t see this share being hugely risky now. If they suddenly revealed they didn’t own any of the nickel or cobalt assets and they hadn’t got a grid connection, a mining license at the ‘very lady’ stage or hadn’t been awarded a 15 year contract, then that’s bull**** and lying. I think the board are terrible at managing expectations and I think they could be more helpful with their comms… but I do still think they are positioned in the right line of business and do have some valuable assets. That’s why I’m here. If we don’t have news by the EOY, I see us moving back towards 1p. If we have any good concrete, nailed on news, I see us shooting to 5p in a week. That’s the payoff. The markets work in weird ways, particularly on AIM. If the MMs marked us up to 2p tomorrow, I dare say we’d have a flurry of buyers wanting to join in and we’d have new investors asking what this share is about. At the moment, it’s just completely unknown to most investors, or SK and JP have left a bad taste from past experience of companies they haven’t managed very well. Trust will only be rebuilt when they deliver on their projects.
B… good morning. I agree if this hasn’t moved by late summer, we should all read the red flags and move on (perhaps) that being said, I do feel like we will have news soon. Without wishing to sound like a broken record, I struggle to see how this can fail. At the very worst case, they sell the nickel mines now (even in their current state) for a huge profit. They bought these for peanuts with the foresight that ev manufacturers would need and struggle to access nickel and cobalt. If they flipped them now, they would have money to progress the renewable tech business, Avonmouth, Tring and Burwell. These are all pretty much shovel ready (with Burwell, the national grid could announce the connection is back ready to go at any time after the works are completed or perhaps now not necessary) Burwell used to be the thing that got us all going here, now it’s another project we’ve accepted is in the pipeline or on the back burner. The case i’m making here is that the market hasn’t even valued the company at worst case scenario, it’s even worse than that. Buy when these companies are beaten down and hold them (until you can’t wait anymore or the greys become unbearable ;) hang in there and I think we’ll have a busier board here soon with hundreds or transactions going through. The market wants a deal and something has to give. I’d hate to be selling this just before something went crazy and miss the boat
Mambare… I will liken it to getting housing planning. The application has been approved by the council and head planner and it now falls infront of the committee meeting to be decided and rubber stamped. Will it get the go ahead? In all likelihood yes. Why? Because it’s revenue and possibly employment for PNG. They would likely have said no by now or kicked the application out if they weren’t happy with the project. Now SK and JP cannot control how quickly the PNG move to award the license, but when it lands. The gold that is our hundreds of millions of nickel (currently locked in a vault) that door to the vault flings open and we say to manufacturers and our new Chinese offtake partner, how much do you want and what are you willing to pay? Personally I’d like the company to keep Mambare and have offtakers for DSO. It’s quicker, less complicated and will mean money starts rolling into the company. In less than a years time, we may have the peakers funded, with guarantee carry of 1.5m a year (the cash cow) a Mambare license awarded and offtake agreements signed paying Corcel millions a year to allow them to ship nickel out of PNG. Our annual revenue will far and away exceed our MCAP.
And onto the peakers. Why would SK be asking for 55m if he didn’t think financing both projects was achievable. Surely he would be better going for funding on the one? Well only he knows the conversations the company has been having with financiers. It’s a sign to me that it’s not impossible or beyond a company like Corcel. Common sense would say, don’t ask for too much money if the answers are ‘no’
The delays with the financing and closure are also frustrating and the December interview seems to have a few of us feeling fed up. He said they should have it all tied up by christmas period and they didn’t…. I think they were told by the project funder that they would need to see a guarantee of revenue for the peakers to enable them to crunch the numbers and to allow them to see a return on investment. This is exactly what they did in getting the capacity market contract award at the highest clearing price. Guaranteed for 15 years….
Corcels business model is and always has been to buy the asset, develop it and sell it or use it as a revenue stream. The assets Corcel have are still there, the market conditions have only improved massively. The nickel and cobalt prices are only going one way and demand for these will continue to increase. Gas and electric prices are also looking to be high and volatile as we try to transition to a green way of living.
Mambare- once this gets the go ahead. Single handedly will trigger a rerate to corcels asset. Will they choose to sell at that point or continue with the offtake MOU with the Chinese, who knows, but it puts the company in a very strong position for negotiations.
Why would the board be buying albeit a small amount of stock off the market at 1.5-1.6p? Small vote of confidence? To appease impatient shareholders? Possibly… but why would they waste their own money on a failing ship. They will only have a small window to buy and sell. I just can’t see them spending even a penny at (higher) current prices if they didn’t feel the market would soon enough re-evaluate what they have.
Align have also shown a huge vote of confidence to the company. Why would they throw so much money into something unless they were fairly certain of a return on their investment. They have propped the company up at 1.5p and even said themselves, this should be the floor for the share price. The company mentioned the investment from Align will be used to bridge the gap for the value inflective news we are all waiting for. No one likes to lose money and we’d all like it to be 2p and much much higher by now, but the end must be in sight…
Delta, same here!
Just keep reminding yourself the value of nickel and cobalt and the importance of those two on the future of the world. Remember that Corcel owns lots of the stuff (irrespective of mining license status, it’s not going anywhere) and it is a game of patience. Undervalued by about 20 times. Just buy at these levels, hold and it will pay off I’m fairly confident of that.
Nordell, please, give it a rest mate.
Your last post, just before the market opened ‘ well thats good news for CHAR - not much you can do about news events- lets see if the market values it , and if so by how much GL’ - there’s an air of doubt about your post which makes me think you were disappointed and in fear of getting your pants pulled down by an RNS dropping which you were not expecting.
Now the market is open and we’ve remaining largely flat, another gloating post ‘those in the know’.
No one cares what you do with your shares or how you trade them, but have some integrity. We don’t need a running commentary every time you think you’ve played a great hand. You’ve made yourself about a penny so far on the shares you sold and can buy back. But that’s the stock market isn’t it… we will always have times we can buy lower and sell higher?
SHC - Spot on mate. Expect a bounce for the rest of the week. There’s the retrace many have been begging for. RSI cooled etc etc.
I actually think some of the sells this morning are from non ISA accounts where people will be buying back into ISAs (newly opened or otherwise) to shield future gains from CGT. GL and remember where that filter button is ;)
It’s not a bad vote of confidence is it. They will have limited windows to buy and sell. This to me suggests they know something is coming soon IMO. They are happy to buy at yesterdays closing price. Things may about to heat up with the news flow
Germany’s defence minister Christine Lambrecht says the European Union must now discuss banning the import of Russian gas - something leaders have been reluctant to do so far despite Ukrainian urging because of the effect it would have on European consumers
US Secretary of State Antony Blinken has described images of dead bodies as a “punch in the gut”
British Prime Minister Boris Johnson condemned what he called “despicable attacks”. Reports suggest the UK could announce new sanctions this week
Meanwhile EU Council president Charles Michel said further EU sanctions and support were "on their way"
News reports this morning that Russian Gas will be banned by Europe and UK.
Right share. Right time. Under horrible circumstances.
Nice one Mike.
I’ve had a rethink about this share over the weekend.
If you are happy to hold this share for a while longer, just buy on dips until the market wakes up to small caps. I read money is starting to flow out of the bigger blue chip companies and back into small caps with value. The resource held in Mambare and WoWo alone makes this a potential 20 bagger. Buy, hold and wait for the board to light the first firework in the coming months. I think it will be worth the wait. The chap selling every time we move up 0.05 will probably berate themselves in a few years when Corcel is priced at 50p and looks at the historical share chart and says, I sold then (1.4p) and then made another £50 selling then (1.45p) GLA LTH