Contango Share Discussion Threads

[danmart2] 13/2/2023 20:09

Jailbird

Not quite accurate

They could announce a off take deal any day

The wash plant will only take a week or two to practise and perfect, there’s not a lot to test it’s more practise and training staff.

[xow98] 13/2/2023 16:04

Contango Holdings Plc
@ContangoPlc
34m

The Wirtgen 2200 Surface Miner has arrived at site.

It can mine up to 500t per hour in harder materials and will initially be used to expand the #CGO open pit/clear the overburden, before commencing mining of the coking coal seam at a rate of up to 1,000t per hour from #March23

[jailbird] 13/2/2023 15:48

SOS,

not yet to be honest..just cannot get myself too, just seem better opportunities around at present. Still not an investment for me, would be just a trade

Maybe in a month's time if the share price is still sub 6p, but we may be at the bottom as long as no more dilution in the medium term

[sos100] 13/2/2023 15:38

and i bet your buying 🤫

[jailbird] 13/2/2023 08:59

1) A few weeks the wash plant will be constructed, then
2) several weeks of commissioning/testing
3) IF all the is working as expecting, then ramp will start

At least 2 months before we could see any ramp up

Still jam talk about coke battery production, but that is all bull for now.

Gold project is parked, this is not going anywhere

[xow98] 12/2/2023 16:56

Sunday Roast interview with Carl - starts circa 10 mins in



Wash plant on site, 50% assembled. Production to start early March. 20k tons per month is wash plant limitation, can build new wash plants for industrial thermal coal, coking coal etc. Currently have a small Coke battery as well, want to expand that. Speed of expansion dependent on cash flow or partner with someone.

Very positive on share price as we move into production, 2.6bn tonnes.

[sirmark] 09/2/2023 22:35

Wash plan coming on stream any day higher margins to come and at this price IMO is insane. I bought more yesterday and will grab a lot more in the days to come if the share price stays this low, if every the damping phrase of 'fill ya boots' should be said I would say now if the time.

[festario] 07/2/2023 16:07

This has all the hallmarks of another scam.

[danmart2] 07/2/2023 08:08

The wash plant is key

Once the wash plant is up and running ,you create a better product, you can command a higher price.

[bad gateway] 07/2/2023 07:46

From LSE..
Biggest jump in coal price since May 2022. Aussies being warned of short supply..

[sirmark] 06/2/2023 15:51

I think it's more to do with the 6mln shares traded Friday and now selling for a quick buck....I expect this to pick up as the week progresses, markets are forward looking 6 months and with inflows due in less than 2 I think we're very undervalued but the market doesn't all adhere to timelines. Gl all

[festario] 06/2/2023 10:08

It all depends whether you believe it, I don't. The market doesn't seem too sure either.

[brucethegoldfish] 06/2/2023 09:33

It is a positive update, although I strongly expect it will be the announcement of first sales and resulting cash inflows later this quarter that will really build sustained momentum in the share price

[jailbird] 06/2/2023 08:28

Maybe not ..too early maybe

[jailbird] 06/2/2023 08:02

Looks to be a trade on

[brucethegoldfish] 06/2/2023 07:47

Some photos and video also uploaded onto their Twitter feed.

[gaffer73] 06/2/2023 07:40

Things progressing on site. Still need those sales though.

[sos100] 06/2/2023 07:07

nice update

[jailbird] 03/2/2023 14:27

Actually falling coal prices will throw their whole strategy out of the water Read the Thermal Coal strategy RNS

[festario] 03/2/2023 13:01

Not an awful lot of time, stop being paranoid. I've held this a few times, and traded it too. But in my honest opinion that's all it is, a trading vehicle.I don't believe the RNSs, and I see very little tangible evidence of a viable mining operation. I've seen it all before, and so has APFinlay, which is why I'm surprised he's bullish on this.

[soulsauce] 03/2/2023 12:41

Once again two none holders spending an awful lot of time talking this down 😏

[festario] 03/2/2023 12:28

Like every African junior mining stock I've ever seen, I fully expect this to be a scam.A vehicle to exhaust bank borrowings and shareholders cash.We have already seen another massive placing which the bulls here said would never happen.This so called production is well past its start date.There will be more delays, excuses.... and no sign of accumulation or stake building, which certainly would be visible prior to any actual progress.

[jailbird] 03/2/2023 12:23

Ohg and lets not forget where coal is now and heading...$450 coal long gone down,
so all previous revenue forecasts will be falling

[jailbird] 03/2/2023 12:22

And resistance at 6.1p mid price too..needs to break and hold above that

But needs positive news behind that.

Yes we may see production starting at some point, but revenues will take months as will ramp up