During the past 24 hours it has been announced that two gents called Nurzhan Subhanberdin and Askar Alshinbayev have each taken stakes of c8% in sub scale oil and gas minnow Corcel (CRCL). This is not necessarily a disaster for the share price which is up 16% today, I have no view. But are investors aware of who these two fine upstanding individuals are?
All sorts of colourful characters have run Corcel (CRCL), Regency Mines as was, over the years. Rather like Archbishops of Canterbury you insist that the current incumbent is the worst ever only to discover that his replacement is even worse. Andrew Bell once ran this company into the ground. Then there was James Parsons and today’s chairman is Antoine Karam. After news today, shareholders will look back on the days of Bell and implore him to return just as we now think that the bearded lunatic Rowan Williams was, with hindsight, not such a bad Archbishop after all.






