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Corcel: the latest rogue in charge is perhaps the worst yet as chairman welches on placing letter

By Tom Winnifrith, the Sheriff of AIM | Monday 17 June 2024

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

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.
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