Contango Share Discussion Threads

[jailbird] 30/1/2023 20:34

Coal tumbled below $300Newcastle coal futures, the benchmark for the top consuming region of Asia, tumbled below the $300 per tonne mark, the lowest since April 2022, as prospects of increased supplies and reduced demand prompted investors to unwind some long positions. Top consumer China recently permitted three central government-backed utilities and its largest steelmaker to resume coal imports from Australia, the first such action since Beijing imposed an unofficial ban on Australian coal imports in late 2020. At the same time, warm weather, particularly in the US and Europe, has delayed the winter heating season while easing some concerns about fuel shortages. European coal imports in January are likely to decline nearly 30% from a year earlier and 23% from December, Kpler data showed.

[mwj1959] 30/1/2023 14:21

Pretty unsettling article in ST yesterday re political situation in Zimbabwe leading up to July's election. Hardly a surprise though. ZANU have ruined the country for the benefit of a very narrow black elite.

[amelio] 30/1/2023 12:41

I like its chances.

[amelio] 30/1/2023 12:15

A break above 5.9 and this will be set free to run

[amelio] 30/1/2023 07:56

Marching on towards that 100sma on the chart. Looking very strong and expecting it to break 6p soon.

[jailbird] 27/1/2023 08:43

How many times have you read last year that the next news coming will shoot the share to double figures ?I have lost count now

[festario] 27/1/2023 08:14

I severely doubt that, I've seen it all before with fledgling miners like this.Especially the African ones, (but not exclusively) it always comes to nothing. If anything was growing in the background here, the chart would be showing signs of insiders accumulating.It doesn't, because it's just rolling around in an ever tighter trading range.

[sirmark] 27/1/2023 08:10

You need to learn and watch the signals mate there all there. The company is a week or two away from releasing news.

[amelio] 26/1/2023 22:39

Just checking that you're saying the share price has never been above 6p?It's heading there and it's non-negotiable.

[festario] 26/1/2023 21:24

It isn't, and it won't, it never does..... I've seen it ALL before.

[sirmark] 26/1/2023 18:13

Going through this time ....big day tomorrow

[amelio] 26/1/2023 15:43

Share price is gaining traction news or no news but often when it's gaining there's news around the corner.Looking at the chart what it certainly is not is sell time. It has 6p+ on the 100 within sights and fully expect it to be tagged.

[festario] 26/1/2023 14:01

Time to sell again.

[xarasvii] 26/1/2023 13:51

No fun pffft !..... u wait as soon as that news comes and the share price takes off I shall be the first one indulging in a celebratory shandy .... might even break out the posh glasses and even throw in a cheeky fist pump. No fun indeed, pfffft!

[apfindley] 26/1/2023 13:35

Well you're a bundle of fun.It is nevertheless a statement from the company.

[soulsauce] 26/1/2023 13:31

Correct Xaras.

And still no mention of the gold license 🙄

[xarasvii] 26/1/2023 13:22

That's not news. "Washplant on site and plugging it into the plug socket now" that's news!

[apfindley] 26/1/2023 13:10

Keep up...The company statement on 16 Jan.Delivery of the wash plant and surface miner at end of January. Installation then sales before the end of Q1

[xarasvii] 26/1/2023 12:51

No news, nothing changed its not going to take off without said news. A few shares will be bought today share price will go up a little, they will be sold tomorrow share price will go down a little. We will be stuck with an share price bobbling about between 5p and 6p until news.

[amelio] 26/1/2023 11:01

Some decent buys going through today 300k now 150k. Stars are aligning it's time to get a move on CGO!!

[amelio] 26/1/2023 10:10

Last of the 5.7p stock will vanish quickly and this will move quickly imo.20 & 50 sma taken out, should tag the 100 in due course just over 6p.

[amelio] 26/1/2023 09:47

Starting to look strong again. Spread has been messed around with over the last few sessions but soon enough we'll see a move.

[amelio] 24/1/2023 15:49

Few games on going to drag some sells out but with the the company fully funded to deliver on its projects the next RNS is expected to be an exciting one.

[amelio] 23/1/2023 16:21

Paying full ask now

[sirmark] 23/1/2023 15:14

Couldn't agree more, chart looks perfect and a good push on over the coming months to get to double digits.