Member Info for yrabsmurruc

Stretch, I see this closing at 1.95p [so back to last week SP before the operational update grenade].............. and hopefully momentum keeps us going and a close at 2.5p by Friday or week after would be great if they secure the imminent land lease signature this week............. we all know its imminent............ but how imminent?......B

and soon back to 2p...... not being kind with the spread at the moment though....................B

the low share price was a reaction to Westminster group being an inept bunch of buffoons and not covid as stated...... covid should have been an opportunity but oh no, this bunch of smart ar5e55 decided to go big on vending machines...oops [but we had a nice photo], then big on screening when the world moved on to sanitising..... seems that this is 4p because the BoD are morons ....... B

Hi rocklawn, nice to see FAR perking up. I see 2p -3p in the next few weeks…. 5p end of summer when finance closes on burwell and them shovels are muddy . B

agree Confounded, the market looks at the headlines not the detail first thing...... It still confuses me that the BoD new this RNS was about to hit the streets last week, yet seemed determined to split the news...... They could have issued todays news and slipped in a bit about Burwell or even better wait for the imminent lease signing and then say they have an extension.... that would have been 2 up bounces rather than this up and down thing....... This is AIM...... so after 20 years investing, I suppose I should have gotten used to it by now.........lol..........B

Morning all, nice addition to the portfolio...... In hindsight for the BoD, they should have left the operational update alone last week.... as we are now using the good news to make up lost ground rather than springboard from it...... Burwell this week would really help get us over 2p on to 3p........B

Apologies confounded, I didn’t mean weeks have gone by since they said imminently, I mean if weeks go by….. I personally think it will be end of may. Usually everybody works to a month end with house sales etc (I do). So maybe they thought end of April and that didn’t happen so now end of May. Could be wrong and if it comes in the next couple of weeks great. What we don’t want is the “unforeseen delay” at the 11th hour…..and I would expect the management to only use imminent in the context of every risk being covered and it actually is just waiting for pen to paper. This became less straightforward when the land was sold to a new landowner and therefore the people in the negotiations with crcl are different… now I have to believe this makes no difference but I remember being in vast when a slam dunk funding was imminent (days in fact) and the very next day the finder pulled out…. So I have built in mistrust when any bod say something is a given…. Until it actually happens and they get extra smarty points if things happen when they actually say it will. This bod are still on trial …….B

I agree about the sector and that is the reason I am here................Every CEO wants the Market to assess them higher, but they tend to be judged on not putting so much as a toe wrong............ JP and especially SK........... JP is a salesman and he did well on a number of fronts with SOU........... He however is a salesman and not a ninja in the new sector [battery storage] he is now Chairman....... so he needs the right team beside him........... some of the assets he may just commercialise and sell on, others he may keep........... for now we sit at £6M and by xmas that should be a lot higher......... but for me, as I said earlier his first hurdle is the lease signature........ it should be a slam dunk, but when shortly turns to imminently and many more weeks go by, I suspect the BoD will just be seen in the same light as other lifestyle Directors who just keep us wishing and placing..........B

Confounded, an extract from the Corcel website describing status of Burwell

The Burwell Energy Storage project is expected to begin operations in early 2022, and intends to enter the Capacity market in 2025, providing a fixed and guaranteed source of revenue over an initial 15-year period. Basic project economics have now been approved and the project is now moving towards "shovel ready" status, expected in early 2021.

so what is the difference between begin operations [2022] and enter the capacity market [2025].....

Regarding your first point I did copy and paste a note from JP to myself where he confirmed that he did not expect the negative response from the market on what was a solid operational update, but then went on to say that the market probably is too focussed on short term success from a long term business, which I saw as code for market expectation is too high at the moment..........

Done my research so not deramping, just adding a bit of reality to why we are going down and not up at the moment.... I have already declared on this BB my average is 1.9p and I also stated I wouldn't be buying anymore [so deramping doesn't really help me does it if I want the sp to go down further]

My issue with the BoD is they are coming across as amateurs. I started to read some of the old BB when this was Regency Mines........ there are a fair few who think the new name doesnt deflect from the fact that the BoD have a lot to make up for...... so I will continue to keep the BoD on its toes and if the lease agreement turns out to be a red herring, then I will exit left with a fair loss I expect. if it does get signed, then lets see what the market makes of it...... looking forward to joining the 10p plus club.........thats what I am most are here for.....but this BoD have a lot of convincing to do especially SK .......... Have a nice weekend Confounded. B

Hedge. I hope near term isn’t as confusing as imminent…. Market seems to have less enthusiasm than last week even though the proposition is the same. JP has acknowledged the market is ahead of itself so the pull back is probably right. Seems lots of battery storage projects to compare valuations to, I think the bod expect burwell on line by 2025…. So adding more near term projects to fill in the gap has to be on the cards……good weekend everyone. B

looks like we end the week about 25% down..... on no material change in the fundamentals......... week closer to lease signing...... rainbow chasers moved on....... still miffed with JP for causing the mild panic....... some will see this as a better entry point than my 1.9p average......B

morning all. It will be interesting to see if we mirror MAST in terms of valuation and SP activity once the imminent lease is signed..... looks like imminent doesn't mean this week then....... maybe next week....... B

Thanks hedge, yes not easily pleased and I know JP from the Sound days…. He managed to get the SP from 5p to 100p and back down to a penny in about 5 years….. just want the 1p to a 100p and no retrace… not too much to ask is it, and I will even give him to Xmas to do it…. See I am nice. Good pull back today…….B

10 bagger..... nice. Can we break 2p again first . Snakes and ladders this one. B

zumore........... I was concerned about JP........... For interest, I wrote to JP yesterday and today and finally received a reply. In summary he concurs the market has not reacted well to what he thought was a "solid update". He seemed to put the negative reaction down to the fact that the market demands short term action from a long term business. I am slightly concerned that he didnt see the shortly/imminent lease signing as a short term action that the market was expecting to be delivered and the additional extension cushion seemed to lead one to think delays are on the cards....... maybe even imminently !!. His overriding message was [verbatim extract from his e mail]
"that corcel have set out a pretty clear strategy and will build the NAV by unlocking current assets [perhaps not quick enough I acknowledge!] and by pursuing new assets in our chosen space. We do believe this will provide shareholders with significant value in the medium term........"

So there you have it....... rainbow chasers and traders be gone.......... this is a mid term bagger not an imminent bagger..... will I buy more and average down.?............... nope. B

Torr..... totally agree.... it was one of those weird ones where saying nothing would have kept us in the 1.8-2.2 range until the lease signing, where as saying fook all apart from its imminent but with a six month cushion [that we do not need] just smacks of "delay" and amateurism by what is supposed to be an experienced BoD..............Deep underwater now, which has really peed me off, because if this had been a duster or something I would accept the risk of losing, but this is not and one can suggest that the update contained some good bits of jam, however the reality is, we now need 30% plus just to get back to Tuesdays sp........ B

morning all......... dusted down and ready for a new day of hope. At least we now know that imminent doesn't mean tomorrow...... and we also know that the word shortly means a span of time that is more than the word imminent............. apart from that I leant little from yesterdays operational update apart from a poorly worded RNS on AIM tends to destroy shareholder value.... it took CRCL over a month to make the gains that were squashed within a n hour yesterday..... and yet fundamentally we are in a better place as we are a month closer to that damn imminent lease..... and we are haggling with RMI on commercialising our debt ownership position....... I agree this will gravitate back towards 2p but more slowly and only the RNS that the lease has been signed will move this SP towards that 10p target...... B

Hedge, one last go

The BoD said in March:
Subject to securing the land lease, which is expected shortly
The BoD said in May; the land lease is imminent

So we have gone from shortly to imminently..............in a 2 month period............. so what is the next dissection of time going to be......... B

Hedge, not fighting mate.... imminent also means “on the cards”........that is different than a time bound definition. It just means it is going to happen..... I go back to the point if it was coming tomorrow, they would have held off the update... they didn’t and that’s because they know it will happen but not when... so thought it a brilliant strategy to recycle known news and have had a 14% haircut for their trouble. B

Good news ?.......14% drop.......glad it wasn’t bad news then. Let’s wait and see, just grumpy I guess . No one likes it when shares fall a little hard with nothing really behind it. B