Contango Share Discussion Threads

[swanvesta] 22/11/2024 18:04

Results out:

[danmart2] 19/11/2024 10:57

It’s more than rubbish, its blatant rubbish

[festario] 19/11/2024 00:01

It's rubbish, just like GWMO, and all junior miners, and almost everything on AIM. Be honest man.

[apfindley] 18/11/2024 22:33

From 31 October "approximately 2 weeks"So yes even allowing a few extra days, it needs to appear this week.

[dan de lion] 18/11/2024 09:05

Looks like the late report is late!

[danmart2] 31/10/2024 05:46

Fair enough, your pumping this hard but most people have realised it’s a lifestyle company and moved on hence the shareprice

[dan de lion] 30/10/2024 09:15

One day left for publishing in October!

As per RNS 1st Oct.

[apfindley] 27/9/2024 11:47

Until the prospectus is completed and released, which as mentioned is a requirement for the new auditor who will be signing off the accounts.

[1waving] 27/9/2024 11:41

.
If there is a suspension, probably less than a month.

The way the share price is going this morning may indicate there will be no suspension, or a very short one.

.

[aimmafia] 27/9/2024 11:14

How long will the suspension be for

[apfindley] 27/9/2024 09:10

Today or early next week will be the last chance to buy at these low prices.Suspension, then releasing of accounts plus prospectus, then relisting, interim payment and royalty income.....of course those who are unable to move forward will claim other scenarios.

[bsg] 24/9/2024 11:24

I doubt we'll see any benefit. share price was crushed to allow Chinese in. Any money made will go on salaries and other projects that will probably not pay off in the near future.

[apfindley] 24/9/2024 10:31

Time to buy at these prices is running out.Likely be a temporary suspension after this week, as mentioned already, regarding the audit being done and the prospectus to be released.Investors will wake up and realise Contango is receiving payments from Huo, royalties of 8 dollars a tonne at 3000 tonnes a day for each DMS plant. The penny will drop.

[bsg] 20/8/2024 10:04

The royalties will just keep their lifestyle going. Nothing for the shareholders I would think.

[apfindley] 20/8/2024 09:53

Lol. You won't be sticking around for the royalties then? To collect with no financial commitment from cgo. A royalty of $2/4/8 per gross tonne depending on the coal type, as detailed in rns.

[bsg] 20/8/2024 08:46

Looks like the Chinese got it for a song.

[danmart2] 20/8/2024 08:36

Keep pumping lads

It’s been a disaster for investors, the future is far from rosey with the Chinese now effectively running the mine and paying what they wish, no one else is going to buy the coal as it’s too far for delivery to the port or the South African border, but keep pumping

[apfindley] 20/8/2024 07:37

Any normal company who wished their shareprice to rise, would give market updates about what's happening on the ground.There has been large scale progress and arrival of a fleet of dumpers onsite, as has been revealed by contango on X/twitter, yet no rns to the market about it.These guys need to understand more effective communication.

[tim000] 16/8/2024 07:29

Like many distressed AIM listed miners, CGO has a great resource but had no capital. Once the latter is solved, the upside becomes apparent very quickly. And well-funded Chinese entrepreneurs in Africa don’t mess about. I think management did well to become an investment company - leave the operational side to experts.

[burtond1] 16/8/2024 06:50

Seen #CGO X Post ??As you can see the #CGO model is MT86h. If you @Google that you see these trucks are from China and run at $80k each, so that is $800k on trucks. Also 10x 90t is 900t that you can move in a go. Shows serious investment and production capacity:Surface miner: 1kt per hrDump Trucks: 900t per runDMS wash plant: 3,000tpdUnless my maths is off!!!https://m.made-in-china.com/amp/product/Lgmg-Mt86-Mt86h-90-Ton-Mining-Dump-Truck-for-Sale-925210675.html

[1waving] 31/7/2024 09:20

.
I doubt very much that CGO will stand still and be happy with just the one interest/investment.
Once Lubu/Monaf gets rolling there will be more projects on the way.
CGO will very likely have a few projects under scrutiny already.

.

[tim000] 31/7/2024 09:02

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.

[1waving] 18/7/2024 08:28

.
Good to see all the new plant and equipment coming in, increasing capacity very substantially.

Contracts to follow shortly I would think, now CGO are moving along at pace.

.

[swanvesta] 18/7/2024 08:16

I agree with apf, this is all finally starting to make sense. Which doesn't make it a recommendation. Plenty of opportunity still for the money to disappear or for the chinese to stiff minority investors.