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: 7,653,846
  • Market Cap: £2.23m
  • RiskGrade: 424

Regency Mines warns of potential loan defaults

By Iain Gilbert

Date: Monday 11 Mar 2019

LONDON (ShareCast) - (Sharecast News) - Exploration and development company Regency Mines has been in funding talks with major investors after shareholders gave the company the authority to issue news share at its annual general meeting in February.
However, shareholders chose not to give Regency permission to disapply pre-emption rights over any issuance that might occur, something the group said had "largely removed" its access to capital via a placing.

As a result, the AIM-listed group's board entered into discussions with various stakeholders concerning the ongoing requirements of the business, including both operational and financial obligations.

Regency warned that it may not be able to meet several of its loan repayments but said discussions were ongoing with multiple institutional investors regarding payments that may be due under the terms of its existing loan note.

Regency said: "The company's potential inability to meet these payments may require additional restructuring of its debt load and could result in the company forfeiting control of its interests in Mining Equity Trust and the US coal operations, as these assets have been pledged as collateral to the company's lenders."

As of 1045 GMT, Regency shares had tumbled 32.34% to 0.12p.

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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 7,653,846
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
33.12% above the market average33.12% above the market average33.12% above the market average33.12% above the market average33.12% above the market average
20.97% above the sector average20.97% above the sector average20.97% above the sector average20.97% above the sector average20.97% above the sector average
Price Trend
95.36% below the market average95.36% below the market average95.36% below the market average95.36% below the market average95.36% below the market average
87.41% below the sector average87.41% below the sector average87.41% below the sector average87.41% below the sector average87.41% below the sector average
Income Not Available
Growth Not Available

Corcel Dividends

No dividends found

Trades for 16-Aug-2022

Time Volume / Share Price
16:13 27,368 @ 0.40p
14:23 921,376 @ 0.42p
14:08 250,000 @ 0.42p
13:16 82,071 @ 0.42p
12:06 22,831 @ 0.44p

Corcel Key Personnel

CEO Scott Christopher Kaintz

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