Contango Share Discussion Threads

[drago] 22/10/2021 20:32

Imho , a placing to build a mine is way better than a placing for directors lifestyles

[sharekitchen1974] 22/10/2021 13:55

Probably another placing

[robizm] 22/10/2021 10:03

Where will the funds come from to start production?

[superg1] 22/10/2021 07:10

That calorific value is near the top, Anthracite etc, so the ones in talks should equate to nailed on deal. Afrochine most likely one of them. Next quarter as per the production comment starts 1st December, so Dec/early Jan forecast for the start of production.

[puffet] 19/10/2021 15:30

Been here before quite a few times in the last 6 months. Lets hope this is the real deal and news is coming.

[superg1] 18/10/2021 20:13

hxxps://www.sundaymail.co.zw/giant-steel-plant-roars-to-life-us1bn-funding-secured-game-changer-for-zim

[digger2779] 06/10/2021 16:42

This is a good read. It mentions China's need for coal now that it has thrown it's toys out of the pram with Australia. I already hold shares in 3 of the companies he mentions. hxxps://smallcompanychampion3db.substack.com/p/macro-thoughts-and-stupid-politics?r=kcv2o&utm_campaign=post&utm_medium=web&utm_source=

[kiplig] 05/10/2021 21:58

No digger, this is not corrext. The 30 day closed period rule applies to the period before release of financial results. With respect to directors dealings, a more broad rule applies, that being that they cannot be in possession of price sensitive I formation when they transact in the securities. By implication it means that a deal is not done, but negotiations remain underway - this has been announced . So it really could be any time that there could be news.

[woddle] 04/10/2021 09:55

News this morning confirming there was a seller in the background. Spredex just taking there 20% probably buying else where. We actually get attached to the big story, they do not. Good buying this morning, hopefully we shall move on now. News on gold could come anyday. Coke deal could have so many added additional sides to it. It. It may be taking longer to work out a deal. But soon I hope.

[puffet] 04/10/2021 08:24

Good news that the seller gone and the share price can move forward now.

[digger2779] 03/10/2021 19:33

woddle - thanks. I wasn't sure so hopefully news could drop any time. Trying to fathom out why the share price is reacting badly to this latest cash injection considering the dilution is fairly minimal.

[woddle] 03/10/2021 16:10

No you are incorrect I'm afraid, Warrants don't apply as already held.

[digger2779] 01/10/2021 15:06

Coal might be in big demand but no demand for shares here! As the directors exercised warrants on 23rd Sept am I correct in assuming not to expect any significant news before 30 days have elapsed from the exercise date?

[serratia] 01/10/2021 13:52

Coal Prices Surge In The Global Energy Crunch | OilPrice.com

[1waving] 29/9/2021 14:48

. From the link in the previous post: -- " As an alternative, China began steadily boosting coal imports from some of South Asia and Europe’s mainstay suppliers. The country has imported 4.4 million tons of thermal and coking coal from South Africa so far this year, compared to zero from 2015 to 2020, according to customs data. " How big is CGO's Lubu supply agreement going to be with the Chinese !! .

[unionhall] 29/9/2021 14:39

hxxps://www.aljazeera.com/economy/2021/9/28/chinas-coal-shortage-could-leave-other-countries-in-the-dust Coal in big demand....

[unionhall] 29/9/2021 14:39

hxxps://www.aljazeera.com/economy/2021/9/28/chinas-coal-shortage-could-leave-other-countries-in-the-dust Coal in big demand....

[puffet] 28/9/2021 14:20

SP movement is not what I expected but volume is not there to back it up suppose will just have to hold and keep fingers crossed.

[1waving] 24/9/2021 10:21

. Very interesting comments from CEO in yesterday's RNS. " Carl Esprey, CEO of Contango, commented: 'I am pleased to see the founders and my co-directors continue to invest in the Company. I recently returned from Zimbabwe having reviewed our operations and met with potential customers. The Lubu project is making good progress and interest by strategic parties in Lubu has significantly increased given the positive movements and outlook for coking coal prices. I look forward to updating the market in the near term.' " Note that interest from strategic parties has significantly increased given the positive movements and outlook for coking coal prices. Looking quite probable that the strategic offtake partners may want to buy forward, at least in part, to hedge against future coking coal price rises. Money up front for future deliveries would be very useful. .

[1waving] 24/9/2021 10:19

. Very interesting comments from CEO in yesterday's RNS. " Carl Esprey, CEO of Contango, commented: 'I am pleased to see the founders and my co-directors continue to invest in the Company. I recently returned from Zimbabwe having reviewed our operations and met with potential customers. The Lubu project is making good progress and interest by strategic parties in Lubu has significantly increased given the positive movements and outlook for coking coal prices. I look forward to updating the market in the near term.' " Note that interest from strategic parties has significantly increased given the positive movements and outlook for coking coal prices. Looking quite probable that the strategic offtake partners may want to buy forward, at least in part, to hedge against future coking coal price rises. Money up front for future deliveries would be very useful. .

[not guilty] 23/9/2021 12:46

Anybody else getting the feeling we're going to have fireworks next week? Looking good to me

[digger2779] 20/9/2021 12:25

Sorry guys but I bought a few last week and it's the usual downward share price reaction as far as I'm concerned. GLA.

[maverick247] 16/9/2021 16:10

5x most likely as coal has trebled and the margins would now be huge - 40p not unlikely on a good deal/s imo

[unionhall] 15/9/2021 20:37

https://twitter.com/MlSTER__X Mr X Hundred points symbol @MlSTER__X · 4h It really isn't rocket science is it, team are in country having already told us they're talking to the Chinese and others about an offtake deal. Why did the CEO go to Zim? Reckon it's double figs next move Flag of Zimbabwe Flag of China on a major JV