Contango Share Discussion Threads

[farrugia] 07/1/2024 13:36

wow that story is alarming for CGO shareholders.

[purchaseatthetop] 06/1/2024 11:35

The shocking thing is that anybody invested in Carl Esprey as CEO

[farrugia] 06/1/2024 11:11

Shocking. AIM has totally unravelled these last couple of years. Many of these companies were happily bobbing along for years but the last couple of years have been savage and exposed many of them.

[purchaseatthetop] 05/1/2024 18:51

Well. If you look at the share price chart you can see exactly why it is Bens Creek 2…..

[goforgold1] 05/1/2024 18:46

It never rains but pours for Zimbabweans!The Zimbabwean government has doubled road toll fees in a desperate move to shore up its empty coffers.Public funds are routinely looted in Zimbabwe, and the country's natural resources are plundered for the benefit of a few powerful and extremely ruthless ZANUPF elites and their surrogates.When toll fees increase like what happened today, it automatically translates into a higher financial burden for the general citizens. This will lead to increased transportation costs affecting daily commuters and businesses too. This will also contribute to inflationary pressures as transportation costs are integral to various sectors of the Zimbabwean economy.

[goforgold1] 05/1/2024 17:02

Did say 2p now this is saying going bust . Like BEN in every way con men in charge . This has a holding company looks like which owns the asset so CGO go bust soon then re opens as another entity . Wow

[purple11] 05/1/2024 16:20

soon to be joining the 1p club as predicted

[21ant] 05/1/2024 16:18

Now what ffs!

[festario] 05/1/2024 15:28

Jeez, sorry this is happening to you guys, but the warning lights had been flashing for a long time.

[goforgold1] 28/12/2023 20:08

If you look at BEN RNS today this has got no hope whatsoever. My be buy some DAZ soap wash the coal keep costs down lol . This is going bust . Then come back under a different name just like BEN did . Used to be Atlantic Coal 60 million when into that company then Adam got it for next to nothing off the banks .

[burtond1] 27/12/2023 09:16

20 Mining Companies for 2024 – Part I (A-E)https://total-market-solutions.com/2023/12/20-mining-companies-for-2024-part-i-a-e/

[goforgold1] 21/12/2023 12:04

2p by Friday did say

[jailbird] 21/12/2023 11:33

You are looking at this the wrong wayTransORE are not gonna save CGO !!

[1waving] 21/12/2023 11:15

CJohn
Yes, payment way overdue, TransOre are in a bad place and they will have seen or been told about yesterday's RNS. They are showing that they are not a credible company. They have to redeem themselves quickly or face the consequences.

.

[cjohn] 21/12/2023 11:06

The RNS also says that Transore hasn't paid for washed coal it received from CGO.

[1waving] 21/12/2023 10:30

.

The RNS yesterday was mainly an update on sending coking coal to the MNC for testing, but the additional comment on TransOre and the context in which it was framed puzzled me for a while, but I realised last night how this comment may work and affect TransOre as a company.

The comment in the RNS publicly calls out TransOre for failing to provide any further orders. That will now be doing the rounds in commercial circles, which will make anyone cautious about dealing with TransOre, a bad reputation from which they may not recover. To redeem themselves TransOre would have to move very quickly and make amends.
TransOre are in a bad position. --- Place and pick up orders quickly, or face the consequences of a bad reputation.

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From yesterday's RNS.
" However, current discussions are with respect to a larger long-term contract, which the board is inclined to progress with given the complications around the current offtake partner, TransOre, which has not yet provided further orders or payment for washed coking coal as envisaged under the July 2023 offtake agreement.
In addition, the Company remains in discussions with other potential off take partners of both coking and industrial coal as per the update of 26 October 2023, which would be envisaged as complementary to any contract with the MNC. "

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[goforgold1] 20/12/2023 15:35

2p or bust 2p then Bust 2p then nothing 2p can not pay their debts

[avobull] 20/12/2023 15:25

I'm expecting it to be sold given that the buyer has undertaken some drilling at their own cost. The low share price will make CGO more inclined to accept an offer....

[cjohn] 20/12/2023 14:53

I'm a bit surprised you say, "You can't fool long termers."

I thought you and one or two other longs thought that Carl Esprey HAD pulled the wool over your eyes.

I've had a look back over the reports for the last few years and there seems to be the classic pattern of new mining start ups. Bold and confident projections of progress followed by typical errors, delays and strategic mis-steps.

It doesn't look fraudulent to me.

PS no stake yet.

[apfindley] 20/12/2023 14:45

Of course you'll take a stake....that's why you're here.!!You can't fool long termers.