Contango Share Discussion Threads

[paulhopeful] 31/10/2023 23:35

Mix you’re many names up again gfg1 lol.

[goforgold1] 31/10/2023 16:48

Looking for an entry if i feel it's their it leaks so watching for buying volume

[aimmafia] 31/10/2023 16:43

You was saying it's scam company. Why are you still here?

[jrlomax] 31/10/2023 11:47

Upland resources

[1waving] 31/10/2023 10:02

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jrlomax
There are several entities that use the abbreviation UPL --- Could you point out which one.

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[jrlomax] 31/10/2023 08:35

After watching the way the market reacted to the supposed UPL offer last week, they must have known it was bogus. I’m wondering if this interest is already known to the market hence the lack of price action. Let’s see eh

[1waving] 30/10/2023 16:26

There have been many days with sells or buys only. Sometimes with just the odd opposing trade. There has been a buy now just after the price dropped.
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[1waving] 30/10/2023 15:21

I hope not mindminer.
If the potential buyer is CCP, then watch out for double dealings and criminal activity.
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[mindminer] 30/10/2023 12:41

Buyer is Chinese?

more info soon I expect

[montyhedge] 30/10/2023 09:58

Every trade a sell this morning. Bulls on the sidelines it seems.

[festario] 27/10/2023 14:53

Possibly yes, that's the game innit. But that's not pertinent to CGO

[bad gateway] 27/10/2023 14:40

Don't know fest, we're both in a stock vying for a $100m voucher from the fed yet its stuck at £7.5M marketcap as the market is currently unimpressed.
Does that mean its a red flag and we should sell?

[paulhopeful] 27/10/2023 14:05

Only received the license to sell less than 2 months ago.

[festario] 27/10/2023 13:34

Aye, this is REALLY behaving like a stock where there is a huge takeover in the offing, or even an off take agreement. Red flags all over this for the last 12 months or so.

[1waving] 27/10/2023 11:41

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Observations on latest RNS

It does seem to be very deceitful when shareholders have not been informed much earlier, that TransOre would not be capable of taking bulk coal other than a small initial amount, for many months to come following their signing of the Offtake Agreement in early July.
It is now well over 3 months since that signing and there is still no sign of any further offtake. From the latest RNS : --
" The Company has been advised by TransOre that it is finalising the appropriate agreements and logistics and hopes to be able to recommence the purchase of Muchesu coal in the near term. "

" in the near term " --- Yet another example of evasion and deceit.

As a direct result of the failures of the BoD and Transore, CGO has had to borrow another $1 Million, on top of the $1.5 million already borrowed, " The Company also notes that it has raised GBP1 million from existing stakeholders through an unsecured and non-convertible bridging loan for working capital purposes, pending further sales under the TransOre offtake arrangement " ( At least this new loan shows confidence in the Muchesu Project. )
This is all very distant from being truthful with shareholders.

As for the potential buy out of the Muchesu project, someone mentioned that a company such as Glencore could be interested. I certainly hope it is that type of company that is interested but I suspect that is unlikely.
The Chinese Communist Party (CCP) are big buyers of coal and it is more likely that a Chinese/CCP company would be looking at buying Muchesu. If that is the case, beware ! The CCP will do whatever it can to acquire it's target for as little as possible, they are lawless, with plenty of brown envelopes for the right people. CCP paper and promises don't count. Hard cash up front is the only way in that case.

See how that develops and watch out for being rushed into a lowball offer.
"In addition, we have now received a credible approach with respect to our assets. Whilst there is no guarantee a firm offer will be made, we expect this process to move fast and will update shareholders on the details of the proposals as appropriate. "
EDIT: Why Move Fast ?????? ----- That is very suspicious

Overall I would like to see Muchesu developed a lot more, for at least a year, before considering offers. That will build a lot more value for shareholders, particularly with multiple present and future Offtake Agreements.

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[montyhedge] 26/10/2023 22:06

All the hard work been done in getting this into production and the money now rolling in, they won't let this go cheap.

[paulhopeful] 26/10/2023 21:25

No pop up Pete, my name is Paul Faithfull. 1 name only, unlike you, if you’re ever in Portsmouth you’re invited on a free cruise, take your mind of deramping, the offer is there.

[montyhedge] 26/10/2023 21:20

Shareprices talk always someone knows more than us, let's hope it's shouts something happening, or a load of waffle. Soon find out. At the moment it's looking good.

[goforgold1] 26/10/2023 21:18

Is that you Andrew Groves, your post seems similar to a post on Telegram. Page

[paulhopeful] 26/10/2023 21:16

Sharekitchen1974: “ even at 2-5p per ton you are looking at 50-100 million mcap “ Would you sell something worth 75/80 dollars a ton.. for 5p ? I wouldn’t.

[jailbird] 26/10/2023 19:53

1waving, so are so naive.

Have not learned the RNS' are just full of hyperboles

[montyhedge] 26/10/2023 16:25

If it's a big boy like Glencore should get 12p it's peanut's for them.Especially when trying to buy Teck coal division for 8 billion.They know Africa very well.