Contango Share Discussion Threads

[jailbird] 15/12/2023 09:03

Sirmark Still holding your 100ks loss making shares I am calling you out now for the bull you talked before They have all gone silent in shame

[jailbird] 15/12/2023 08:00

Gaffer Not you really believe there is a bid interest ? Market does not think so Do the Sunday Roast mugs still bring on Carl Esprey on their podcasts ?

[gaffer73] 15/12/2023 07:15

Any offer will be much more than the current mcap. If not, it won't be accepted. What is the current debt level?

[goforgold1] 13/12/2023 12:43

Told you did a quick RNS to stop the rot so they can get out . Now it's down it goes

[1waving] 12/12/2023 16:41

CGO is producing. Not much and not regularly, but that is only for a very short term until the existing offtakes pick up
NPV is so full of so many variables it comes out with what the authors want it too. Unreliable.
I would prefer to go into regular production for a good while to enhance value, then maybe sell an asset with a big divi paid, or a full takeover.

The $ per tonne numbers are very illustrative of how valuable the company/Muchesu is. A common way of illustrating value in the resources sector.

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[dragon35] 12/12/2023 14:25

Until it's out the ground it only has a value as a proportion of an NPV calculation. Without offtake in place it really doesn't have much value. What if coal prices collapse and costs to produce exceed the sale price - then it becomes a liability. If they can sell the asset then that would be best result for shareholders accompanied by a special divvy to give value back to shareholders.

[1waving] 12/12/2023 11:11

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A Reminder....... for Christmas

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" 1waving - 26 Oct 2023 - 09:09:40 - 3623 of 3788 CONTANGO: High Met Coal & Gold!! (BENS Creek Mark2) - CGO
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HOW DO YOU VALUE THE MUCHESU / LUBU ASSETS ????

$1 per tonne..... $5 per tonne ...... $50 per tonne???
when the profit per tonne on the low cost coking coal is circa $75 per tonne, with profit on coke being at least 3 times higher.

I have posted about the value of Muchesu before.

1waving - 30 Aug 2023 - 11:29:19 - 3353 of 3622 CONTANGO: High Met Coal & Gold!! (BENS Creek Mark2) - CGO
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CGO's Lubu/Muchesu coking/metallurgical project has a NI 43-101 of 1.3 Billion Tonnes and holds 70% of that project. - That gives 910,000 Million Tonnes attributable to Contango Holdings.

That gives CGO's attributable 910 Million Tonnes a phenomenal value, at just $1 per tonne that gives a value of $910 Million for CGO !!
$10 per tonne....... $9.1 Billion.

A massive resource which is expected by CGO to be 2.6 Billion tonnes. These big deposits get bigger as the mining develops.

Now made a start. ------- What will CGO look like in 1 year or 5 years ???

Phenominal project overall.

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" That gives CGO's attributable 910 Million Tonnes a phenomenal value, at just $1 per tonne that gives a value of $910 Million for CGO !!
$10 per tonne....... $9.1 Billion. "

That is just for the JORC proven assets, CGO believes there is double that, 2.6 Billion Tonnes !! "

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[goforgold1] 11/12/2023 15:45

That RNS stopped the rot for now , but still dumping stock lol as they know this is a scam and no buyer . 6 months on and not delivered one ounce of COAL SO FUNNY

[apfindley] 11/12/2023 08:39

I reckon there would be more revenues if they decided to sell the contents of the site portaloo.

[paulhopeful] 09/12/2023 14:26

Rns 9th apr 2021: to prioritise cash into developing operations, the company issued its senior team performance shares, approximately 4.53 percent of shares in issues now, lock-up was to 9th April 2023. More shares than this have been traded in the last week.

[purchaseatthetop] 09/12/2023 12:08

Why would you think there could be anything dodgy here?





Carl Esprey. Always interested in others. Never himself.

[goforgold1] 09/12/2023 12:00

Looks like the RNS was to stop the fall so they could dump more shares over 3p as it was going down fast they still must have loads of the free performance shares to clear before it goes bust

[jailbird] 08/12/2023 17:54

whats has happened to the 20k per month...not a word about that now

so lets talk about the next untruth

The big issue here where is the cashflow gonna come for, running it all on just debt now

[goforgold1] 08/12/2023 17:50

You best read this part very important. .The MNC will pay for this bulk sample in advance and the Company expects to be able to deliver the subsequent tonnage for collection by the MNC within the next two weeks. From there the MNC will take the tonnes to its facilities in South Africa to pass through its own coke batteries. .That means it's not getting a good price for its Coal . That's why you see no figures money wise . Their really struggling to sell for some reason got to be something being help back from Market . You have a massive asset allegedly this should have been bought out ages ago . Something totally wrong here in business turns

[1waving] 08/12/2023 17:24

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The very timely RNS today pointed out any malicious rumours were lies.

For me, the lead story in that RNS was this:--
" Finally, as reported on 26 October 2023, the Company received a non-binding proposal for the potential acquisition of its assets. The company making the proposal has subsequently drilled three holes at site, at its own cost, as part of its due diligence process and is reviewing the results. "
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The potential Muchesu asset buyer has moved quickly and drilled 3 holes and is now reviewing the results.
I would say the buying entity is keen, to move so fast !!!

As long as they have real money and not paper promises, looking good.

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[jailbird] 08/12/2023 16:25

apf,

You have bought what 8p+ all the way down...thats tells one a lot.
Take those rose tinted glasses off and say it like a man, you gambled on a loser

read the RNS...1k/t from 20k/t...bloody huge decrease.....so where will any cashflow come from for the dreams of coke batteries or infact payback the unsecure loans with interest too

[festario] 08/12/2023 16:01

Good luck to you all here, seriously. I'd love to see one of these junior mining AIM stocks come good.

[1waving] 08/12/2023 15:52

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Looks like a major takedown from a substantial entity to buy in cheaply.
Were they spreading negative rumours as mentioned in RNS today ?????

Very unusual volume.

[1waving] 08/12/2023 15:48

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1.95 million buy just gone through.

Buys 11.5 million

Sells 7.3 million

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