Contango Share Discussion Threads

[puffet] 03/3/2021 13:34

Looks like the market is giving a very good buying opportunity.

[burtond1] 25/2/2021 09:23

Are we entering a commodities supercycle? And what does it mean for small cap investors?https://total-market-solutions.com/2021/02/are-we-entering-a-commodities-supercycle/

[superg1] 25/2/2021 00:20

puffet A clue Spreadex St Albans, keep and eye on it.

[superg1] 24/2/2021 14:36

I'm still reading CGO news, too many distractions at times. The $15 plus $15 I mentioned is the 2k tonnes per month LOI $15 opex, $15 transport per tonne. The $4m funding is part 2 of the gold play, looking for debt/funding etc. Doing that early via an equity raises down here wouldn't make sense as less the gold numbers are so compelling that they need to crack on near term.

[puffet] 23/2/2021 16:43

Good buying opportunity news any day now.

[superg1] 23/2/2021 10:08

Yes I saw. Contract in to start to save capex opex $15 + 415 per tonne that way (presentation) Sell price $60-$100 per tonne. Go for the low hanging fruit surface stuff to start to keep Capex low and then use revenue to develop. I'll have to read some more. I'd like the $4m funding part in news first they say trying to avoid the equity route. Logically the interested parties may back that if the coking coal proves to their satisfaction.

[puffet] 22/2/2021 17:13

Strategy is also to return a dividend as the production increases. All seems on track to be a profitable investment AIMHO of course.

[superg1] 22/2/2021 16:27

I didn't read it wrong then. The stagey seems to be keep costs down at the start and evolve revenue to expand rather than just dilute and dilute some more, v odd and nice to see for a junior mining company.

[puffet] 22/2/2021 12:54

Gold Producer and imminent Coke producer. Lots of development and production Q1 / Q2 this year so lots of news updates imminent. Its below the radar of many but on news will get noticed and am looking for 15p to 20p in a few weeks/months.

[puffet] 22/2/2021 12:33

I don't see a catch at all just seems to be off the radar - all indications from the company seem to be positive with news imminent ...see below from last RNS. Contango expects to finalise its discussions with the proposed mining contractor imminently ahead of opening the two pits at Lubu in February 2021. This will be a significant milestone for Contango and will enable ongoing coking coal offtake discussions to be finalised. In addition, it will allow the requested bulk samples, which will provide first revenues from Lubu to Contango, to be delivered to a number of multi-national companies who are assessing the viability of constructing coke plants at Lubu. As previously reported, the manufacture of coke at site would provide a significant boost to the value of the product generated at Lubu, which is already considered to be highly valuable.

[superg1] 22/2/2021 11:58

Puffet What is the catch here, been reading, I hate junior miners with a passion but this one seems skewed re the share price and near term action (if it all goes ahead) I get The $4m bit and 5p shares about but still ??? Perhaps the usual herd are too busy chasing Crypto and whatever is going up to notice something as boring as Coking coal.

[puffet] 16/2/2021 09:30

Fingers crossed we go through 10p this afternoon. Little if any selling this morning yet MM's mark it down, value will and is outing. GLA

[puffet] 12/2/2021 15:29

and we are off.....

[puffet] 05/2/2021 09:48

Looked like a desperate tree shake first thing by the MM's trying to get some stock, looks like nobody falling for it. News imminent and soon in double figures.

[mrs robinson] 29/1/2021 07:35

Brilliant updateCongratulations to both teamsNext few weeks will be exiting

[mrs robinson] 26/1/2021 15:38

From Dec rns - News due on a couple of fronts this month?

[burtond1] 29/12/2020 09:32

What a year!! Here @TMsreach we look at 14 Mining Companies that should be worth following over the next 12 months....Look out for Part II on New Years Eve.Companies covered in Part I include : #JAY #BRD #CHF #CGO #ECR #EEE #GUNhttps://total-market-solutions.com/2020/12/14-mining-companies-to-follow-in-2021-part-i/

[justtrying1] 15/12/2020 20:27

Doc and gang pumped this

[daar] 15/12/2020 15:10

Boom.. Mugs buying twitter ramp

[warm norm] 15/12/2020 12:03

15p seems to be the short term price target.

[trinitygooner] 15/12/2020 09:34

Wow that sold off quick. I think I might take a position before it bounces.