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Share Name Share Symbol Market Type Share ISIN Share Description
Contango Holdings Plc LSE:CGO London Ordinary Share GB00BF0F5X78 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.20 -2.94% 6.60 6.40 6.80 6.90 6.60 6.80 1,733,127 16:17:26
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
0.0 -3.3 -1.5 - 20

Contango Share Discussion Threads

Showing 276 to 299 of 450 messages
Chat Pages: 18  17  16  15  14  13  12  11  10  9  8  7  Older
DateSubjectAuthorDiscuss
25/10/2021
12:33
Exactly - Loan received in June - will be converted into shares on Jan 4th.
unionhall
25/10/2021
12:13
RNS June 3rd " GBP1M Convertible Loan The Company is pleased to advise it has received commitments for GBP1,000,000 in a Convertible Loan. The Convertible Loan has a fixed conversion price of 6 pence per share and conversion is mandatory on 4 January 2022. The Convertible Loan carries zero interest and upon conversion into shares, each subscriber will receive one warrant for every two ordinary shares they receive, with an exercise price of 8p and a life of 2 years. "
1waving
25/10/2021
11:55
They don’t have 1m to come from the convertible loan. They got the money when it was announced.
unionhall
25/10/2021
11:43
Nice to see the confidence in the companies future with that 1000000 delayed purchase
howard smith
25/10/2021
11:23
. I doubt very much that any placing is on the cards. The finance for the start up of both projects is sorted. CGO has raised over £600,000 in the last few months with warrants being exercised and has a further £1 million to come from a convertible loan. " GBP1M Convertible Loan The Company is pleased to advise it has received commitments for GBP1,000,000 in a Convertible Loan. The Convertible Loan has a fixed conversion price of 6 pence per share and conversion is mandatory on 4 January 2022. The Convertible Loan carries zero interest and upon conversion into shares, each subscriber will receive one warrant for every two ordinary shares they receive, with an exercise price of 8p and a life of 2 years. " Both Lubu and Garalo-Ntiela are starting from shallow depths which makes them a low cost start up, generating cash quickly. CGO can also sell forward on the Lubu project or take a deposit. I would be a little surprised if they don't do that as part of the offtake agreements. .
1waving
25/10/2021
09:07
. Latest RNS " Carl Esprey, Chief Executive Officer of Contango Holdings, said: "We are delighted with the results from this study, which have demonstrated the commercial characteristics of the metallurgical coal at Lubu, as well as its viability in the manufacture of coke. "This positive news has come at a time when demand for all forms of coal has risen significantly and has led to an increase in the metallurgical coal price from US$161/tonne* to US$451/tonne* over the last year. Moreover, the price of coke, the product achieved through the 'cooking' of metallurgical coals through coke batteries, has also seen dramatic prices rises, with an 70% increase over the same period to current levels of circa US$670/tonne*. With current shortages, the price of coke is likely to increase even further. "With the studies now completed and both a regional and global market identified, I believe Lubu is ideally positioned to benefit from this pricing outlook over both the near and medium term. I look forward to providing further updates on our progress in the current quarter, ahead of our transition into a producer early next quarter." *all prices refer to CIF China ------- CGO's Lubu 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. With prices for metallurgical coal at US$451 per tonne and coke at circa US$670 per tonne, what value does that give to CGO ???? Using a value of just 10% of the selling price of metallurgical coal and coke, respectively US$47 and US$67 per tonne, for CGO's attributable 910 Million Tonnes gives a phenomenal value. That starts to drive home what a massive valuable resource CGO has at Lubu ...... .... with the Garalo-Ntiela Gold Project in Mali forecast to go into production at around the same time !!!!!!! .
1waving
25/10/2021
09:01
. Latest RNS " Carl Esprey, Chief Executive Officer of Contango Holdings, said: "We are delighted with the results from this study, which have demonstrated the commercial characteristics of the metallurgical coal at Lubu, as well as its viability in the manufacture of coke. "This positive news has come at a time when demand for all forms of coal has risen significantly and has led to an increase in the metallurgical coal price from US$161/tonne* to US$451/tonne* over the last year. Moreover, the price of coke, the product achieved through the 'cooking' of metallurgical coals through coke batteries, has also seen dramatic prices rises, with an 70% increase over the same period to current levels of circa US$670/tonne*. With current shortages, the price of coke is likely to increase even further. "With the studies now completed and both a regional and global market identified, I believe Lubu is ideally positioned to benefit from this pricing outlook over both the near and medium term. I look forward to providing further updates on our progress in the current quarter, ahead of our transition into a producer early next quarter." *all prices refer to CIF China ------- CGO's Lubu 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. With prices for metallurgical coal at US$451 per tonne and coke at circa US$670 per tonne, what value does that give to CGO ???? Using a value of just 10% of the selling price of metallurgical coal and coke, respectively US$47 and US$67 per tonne, for CGO's attributable 910 Million Tonnes gives a phenomenal value. That starts to drive home what a massive valuable resource CGO has at Lubu ...... .... with the Garalo-Ntiela Gold Project in Mali forecast to go into production at around the same time !!!!!!! .
1waving
22/10/2021
19:32
Imho , a placing to build a mine is way better than a placing for directors lifestyles
drago
22/10/2021
12:55
Probably another placing
sharekitchen1974
22/10/2021
09:03
Where will the funds come from to start production?
robizm
22/10/2021
06:10
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.
superg1
19/10/2021
14:30
Been here before quite a few times in the last 6 months. Lets hope this is the real deal and news is coming.
puffet
18/10/2021
19:13
hxxps://www.sundaymail.co.zw/giant-steel-plant-roars-to-life-us1bn-funding-secured-game-changer-for-zim
superg1
06/10/2021
15:42
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=
digger2779
05/10/2021
20:58
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.
kiplig
04/10/2021
08:55
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.
woddle
04/10/2021
07:24
Good news that the seller gone and the share price can move forward now.
puffet
03/10/2021
18:33
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.
digger2779
03/10/2021
15:10
No you are incorrect I'm afraid, Warrants don't apply as already held.
woddle
01/10/2021
14:06
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?
digger2779
01/10/2021
12:52
Coal Prices Surge In The Global Energy Crunch | OilPrice.com
serratia
29/9/2021
13:48
. 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 !! .
1waving
29/9/2021
13:39
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
13:39
hxxps://www.aljazeera.com/economy/2021/9/28/chinas-coal-shortage-could-leave-other-countries-in-the-dust Coal in big demand....
unionhall
Chat Pages: 18  17  16  15  14  13  12  11  10  9  8  7  Older
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