Corcel (CRCL)

Sector:

Mining

Index:

FTSE AIM All-Share

 0.43p
   
  • Change Today:
      0.000p
  • 52 Week High: 2.00p
  • 52 Week Low: 0.38p
  • Currency: UK Pounds
  • Shares Issued: 524.88m
  • Volume: 4,487,320
  • Market Cap: £2.23m
  • RiskGrade: 424

Regency Mines inks new agreement with Mambare partner

By Iain Gilbert

Date: Wednesday 14 Nov 2018

LONDON (ShareCast) - (Sharecast News) - Natural resources development outfit Regency Mines has proposed a new work plan at its Mambare joint-venture in Papua New Guinea following the signing of a fresh agreement with its partner on the project.
While Regency's licence renewal application for EL1390 awaits Ministerial signature following its approval by the Mining Advisory Council in Papua New Guinea, the AIM-listed firm submitted a new work plan for the asset on behalf of Direct Nickel - its JV partner.

Regency has also reached a framework agreement with its 50% partner and received interest from third parties wishing to co-operate on the development of the Mambare nickel and cobalt project.

Chairman Andrew Bell, said: "The Mambare project joint venture we have always considered a remarkable opportunity for Regency Mines and the anticipated renewal of the exploration licence for two years occurs at a key point in the mineral cycle where interest in nickel and cobalt is increasing enables us to plan strategically."

"We welcome the agreement reached with our JV partner. We had conveyed concerns relating to changes in their structure and how their share of expenditure would be funded. The new arrangements allay these concerns, we welcome their new commitment and now we will address the issues of future funding and exploration co-operatively, to the great benefit of both parties."

As of 0905 GMT, Regency Mines shares had slipped 3.85% to 0.31p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Corcel Market Data

Currency UK Pounds
Share Price 0.43p
Change Today 0.000p
% Change 0.00 %
52 Week High 2.00p
52 Week Low 0.38p
Volume 4,487,320
Shares Issued 524.88m
Market Cap £2.23m
RiskGrade 424

Corcel Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
33.21% above the market average33.21% above the market average33.21% above the market average33.21% above the market average33.21% above the market average
22.95% above the sector average22.95% above the sector average22.95% above the sector average22.95% above the sector average22.95% above the sector average
Price Trend
94.94% below the market average94.94% below the market average94.94% below the market average94.94% below the market average94.94% below the market average
88.89% below the sector average88.89% below the sector average88.89% below the sector average88.89% below the sector average88.89% below the sector average
Income Not Available
Growth Not Available

Corcel Dividends

No dividends found

Trades for 11-Aug-2022

Time Volume / Share Price
14:53 450,000 @ 0.44p
14:50 600,000 @ 0.45p
14:31 1,000,000 @ 0.43p
14:27 195,990 @ 0.44p
14:10 65,555 @ 0.44p

Corcel Key Personnel

CEO Scott Christopher Kaintz

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