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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Contango Holdings Plc | CGO | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 1.50 | 16:02:50 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1.50 | 1.40 | 1.525 | 1.50 | 1.50 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
Posted at 10/1/2025 09:16 by gb904150 Well, they confirmed receipt of $200k and will get $800k later this month.Let's hope they confirm that part too. I wonder what penalty clauses CGO were wise enough to put in place in case of non payment. Let's hope they made it water tight. Contango Holdings Plc, a company focused on unlocking value from the +2 billion tonne Muchesu coal project in Zimbabwe ("Muchesu"), is pleased to confirm it has now received its first royalty payment of US$200,000 and expects to receive a further US$800,000 this month. Combined these will bring total royalty receipts to US$1,000,000 as envisaged and previously reported under the Mineral Royalty Agreement ("MRA") with Huo Investments (Pvt) Limited (the "Investor"). |
Posted at 18/12/2024 11:10 by 1waving .CGO has a royalty payment of $1 Million coming in by the end of December. It also has a further $1 Million coming in shortly from a share subscription, when the Short Form is completed, from the issue of shares at 1.1 pence. . |
Posted at 04/12/2024 17:05 by danmart2 Chinese will want to pay dividends?I don’t know where to start. If you really believe CGO is going to play by the rules, by any rules other than the boards self interest, you deserve everything you get. Which won’t be anything from this lot. Recent uptake in CGO comms and promotion suggests a share raise is on the cards. |
Posted at 04/12/2024 16:25 by swanvesta Well, you can think that if you like. My view is that the chinese holding is an after thought. And it's not as if CGO add anything to the operation - just an extra layer of overhead and associated costs. It will be interesting to see what happens once they reach the $20m promised funding and perhaps seek to expand further. That's a classic tactic the majors use to dilute a relatively cash-poor junior partner.But I hope it all works out. It will be quite a change given the history of broken promises and poor choices of partnership . |
Posted at 04/12/2024 13:05 by avobull The Chinese will still own 20% of CGO itself and therefore will benefit from any dividends paid out from CGO. That gives them a good incentive to make sure the CGO Board pay out dividends with the proceeds from royalties, Monaf dividends and the repayment of the $20m loans! |
Posted at 04/12/2024 12:28 by swanvesta avobull, the chinese own 51% of Monaf directly and just 4.75% (20% * 23.75%) indirectly via CGO. Furthermore, it seems likely they also have a significant interest in the other side of the offtake ie in the buyers of the coal. Where do you think their incentives lie? Hence, for CGO shareholders at least, there is much still to be proven. |
Posted at 04/12/2024 11:04 by avobull As the Chinese will own 20% of CGO, they will want the dividend policy to be implemented |
Posted at 04/12/2024 10:01 by apfindley Washed coking coal capacity of 3000 t/dValue to CGO $8 /t$24,000 per productive day which is around $7.5mill per annum, cash.There will be a 2nd plant coming early 2025.So what do you value Contango at once the 4mill of investor loans are paid back, and then Cgo will be a dividend payer? |
Posted at 31/7/2024 09:02 by tim000 The operating company will be carrying $40 million of debt, which the new Chinese majority shareholder thinks will be easily repaid from future profits, net of CGO royalties. $20 million of that debt is owed to CGO shareholders, equivalent to over 2p per share. That’s before any royalties and dividends from the mining operations. The resource has a long LOM and coking coal has a strong global market due to a lack of investment in new mines. If the project succeeds, which looks likely given the rapid investment of the new shareholder, it’s going to pay back a great deal of cash every year to CGO, which effectively is now an investment company with no need for ongoing operating expenses. |
Posted at 12/12/2023 11:11 by 1waving .A Reminder....... for Christmas . " 1waving - 26 Oct 2023 - 09:09:40 - 3623 of 3788 CONTANGO: High Met Coal & Gold!! (BENS Creek Mark2) - CGO . 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 . 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. ----------- " 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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