Contango Share Discussion Threads

[goforgold1] 08/8/2023 09:20

JV coming !!!! That's the delay in sales to supply the power plant down the road now that will be a coup . If comes off

[apfindley] 08/8/2023 09:09

A lot of deramping, but some still not realising that the washed coal is just to get operational and on a smallish scale. There is around 2bn tonnes of coal, so there's a long future ahead here, and room for a considerable scale-up in extraction.Don't be surprised to see this as a feeder for a national power plant.

[apfindley] 08/8/2023 09:05

Are you missing the part where they're in discussions with a large player who will be requiring a huge quantity of coke, and may enter an agreement to fund the installation of coke batteries.You missed the memo?

[goforgold1] 08/8/2023 09:00

Buy it will slowly change once sales are announced can only see this slowly moving up once seller has gone . This is a better investment than BEN

[marvelman] 08/8/2023 08:58

Jailbird post 2946...ditto. I really do see a future for this outfit but they have ambitions for expansion and that needs cash. The relatively small cash from current plans will not be enough let alone paying back the short term loan. Wish I had the confidence to buy but seen this scenario too many times in the past to go for it again

[goforgold1] 08/8/2023 08:58

Yes still don't trust the company, plus you have a seller in background

[jailbird] 08/8/2023 08:49

Lack of volume on positive news tells you a lot

[optmist] 08/8/2023 08:34

https://tinyurl.com/ContangoSiteUpdate

[goforgold1] 08/8/2023 08:23

Yes the main part profit

[danmart2] 08/8/2023 08:21

Interesting RNS , one final step to go which is confirmation of sales and profits

[goforgold1] 08/8/2023 08:08

Need to see how this plays out after 9.30am see what sellers turn up. This is more stable than BEN now. Should be selling BEN and buying CGO you get twice as many shares

[goforgold1] 08/8/2023 08:06

Not expecting much in price today to be honest . I want a steady increase in price till sales announced. Massive reserves of coal hood life span over 10 years .

[paulhopeful] 08/8/2023 08:03

Love that short video, very touching. The great wall of china weights approximately 52,616,777 tons. Contango proven reserve in weight equals 14 great walls. add on the estimated.... and the coal is equal to 49.4 great walls of china ?? can see 1 from the moon.

[goforgold1] 08/8/2023 08:01

https://twitter.com/davidburton1971/status/1688793289816670208?s=46&t=wTu2t-d-X8xNB2EJiVNwEA

[goforgold1] 08/8/2023 08:00

https://twitter.com/davidburton1971/status/1688793289816670208?s=46&t=wTu2t-d-X8xNB2EJiVNwEA

[goforgold1] 08/8/2023 07:43

This company is now better placed then BEN . Check out last video with the houses and community so happy . Happy workers gives good productivity.

[goforgold1] 08/8/2023 07:41

There has always been a company people scare mongering. Plenty news this month it's in the RNS .

[goforgold1] 08/8/2023 07:39

Are you mad they will not come for money !!! Not when they raised at 6p if they did try to raise it would be under 6p . That would be suicidal. It's actually delivering now . It's took over two years but it looks like coming together they have a plant they have a product they have customers .

[paulhopeful] 08/8/2023 07:38

Turns out Trans Ore International is around, and is keen for more as we know, let the fun begin.

[markliddiard] 08/8/2023 07:37

Today's RNS says:8 August 2023Contango Holdings PLC("Contango" or the "Company")Weighbridge Installation at Muchesu Coal ProjectContango Holdings Plc, the producing London listed natural resource development company, is pleased to confirm the installation of the weighbridge at the Muchesu Coal Project was completed last week and is now fully operational. The completion of the installation of the weighbridge enables trucks to collect coal from Muchesu and meets the necessary standards for the sale and transportation of bulk commodities in Zimbabwe and beyond, as well as confirming the tonnages and subsequent sales totals.Production is ongoing and a sizeable stockpile has been built. The Company expects to announce first sales and receive first revenues this month from TransOre International FZE, as previously announced. Further updates will be released upon first sales.A short video, filmed in July, of the mine's operations, as well as feedback from local families, can be found on the Company's website and using the following link: https://tinyurl.com/ContangoSiteUpdate

[jailbird] 08/8/2023 07:36

The thing that I will be fearful of now is a placing into sales news For working capital and to pay that unsecured loan Until I hear operations will be cash flow positive , I stay clear

[goforgold1] 08/8/2023 07:31

Re rating coming now.

[goforgold1] 08/8/2023 07:31

Re rating coming now

[goforgold1] 08/8/2023 07:31

https://twitter.com/contangoplc/status/1688793585003470848?s=46&t=xoxWP2VIgEGHTuVA9rjgaQ