Contango Share Discussion Threads

[pranchalee] 02/12/2021 10:26

Nice tweet this morning

[supertag] 02/12/2021 08:11

Bought some more this morning.
GLA Supertag

[aimmafia] 01/12/2021 22:24

This will be a beast soon. I think real rises will happen in Jan / feb

[pranchalee] 01/12/2021 19:17

Happy to take 400k in one go ,bodes well got a sustained rise

[tradedesk1] 01/12/2021 14:05

First coal production is Q1 not Q2.

[divmad] 01/12/2021 11:23

That was before the funding which clears the way for first coal production by end Q2 2022.

[jaforsadi] 01/12/2021 10:53

Like last time up then collapse down

[pranchalee] 01/12/2021 10:28

Double figures by Xmas

[divmad] 01/12/2021 10:15

Wow. What happened?

[pranchalee] 01/12/2021 09:38

Not easy bought

[1waving] 01/12/2021 09:21

.

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 around US$450 per tonne and coke at circa US$650 per tonne, that gives CGO's attributable 910 Million Tonnes a phenomenal value, just $1 per tonne gives a value of $910 Million for CGO !!!

That starts to drive home what a massive valuable resource CGO has at Lubu ......


Also currently proving up a NI 43-101 of around 2 Million Ounces at Garalo-Ntiela Gold Project in Mali, forecast to go into production in 2022 with low cost, high margin multiple open pit heap leeching.

Certainly has massive potential.


.

[tradedesk1] 30/11/2021 23:10

Some start tho 150,000t of coke a year translates to $40m a year of cash flow which can then be expanded, they've billions in reserves so literally centuries of mine life if they wanted to. I can see this trading in excess of 20p over the next 3 to 6 months (at some stage it will tag 50p) excluding the gold (with the gold in can breach a £1 either a deal with the majors on that or start a 40 to 50k per annum op). Coal offtakes are due and drilling to firm up +2Moz of gold about to commence, am loading up at these prices. One of those rare opportunities in the small cap space.

[aimmafia] 30/11/2021 21:25

Cgo will certainly be a winner. Although from what I understand only 11,000 tonnes production to start? I must say they have some serious reserves.

[searcher0] 30/11/2021 20:45

Interesting similarities to BEN and the way that has rerated recently. At first glance CGO has a realistic chance of being next. One for me to look into i think, the coal looks to be a company maker but theres a 2moz gold project being firmed up as well.

[1waving] 30/11/2021 13:19

.
In Final Results RNS gold production being put back to 2022, previously expected to be in production by the end of this calendar year.
Apart from that, no real changes.
Production at Lubu still expected by end of Q1.

.

[1waving] 30/11/2021 13:18

.
In Final Results RNS gold production being put back to 2022, previously expected to be in production by the end of this calendar year.
Apart from that, no real changes.
Production at Lubu still expected by end of Q1.

.

[searcher0] 30/11/2021 10:52

Contango Holdings PLC ("Contango", the "Company") is pleased to note that the Company is scheduled to release its final audited results for the year ended 31 May 2021 by 30 November 2021 in accordance with the FCA reporting timelines

[aimmafia] 29/11/2021 16:37

Selfishly I would be happy for more delays as I ride Ben up before I transition over to here. CGO are still some time away from first production here. Could it drift to 4p? Again, selfishly I hope so but very unlikely.Anyway that being said, extremely good long term prospects here. Patience will be rewarded.

[aimmafia] 27/11/2021 12:56

Well you was wrong. But it is on favorable terms in my opinion, cgo certainly have more bargaining power now.

[divmad] 26/11/2021 13:31

I know Carl said that on the interview, but it conflicts directly with the placing RNS, which is the version I will take every time.

[divmad] 26/11/2021 12:09

Not full production. Just a starter level.

[burtond1] 26/11/2021 06:26

Extraordinary numbers for @ContangoPlc"...The £2.5 million raised is more than enough to advance the project into full production..."#CGO CEO Carl Esprey talks with @copytaster about how 150,000t of coke a year translates into $40m a year of cash flow.https://total-market-solutions.com/2021/11/contango-holdings-nov-2021/