Contango Share Discussion Threads

[festario] 23/3/2021 14:31

My old Sable Mining shares, changed to CGH. They delisted at 0.2pCGH own a large slice of CGO, and earlier this year they were contacting CGH shareholder to offer them 0.2p for their shares.I have 8m of them (valued at zero in my portfolio) and I had forgotten about them, but it seems that someone sees some value in CGH and therefore CGO to go to that trouble?

[superg1] 23/3/2021 09:50

South Mining were building a new coke over battery due to be complete last year. Tutu another Chinese company plan to build one in Hwange.

'Tutu, will invest US$80 million in building a coke oven battery in Hwange'


So the related industry is definitely expanding quickly in the area, so in theory the chances CGO will get deals.
.

[superg1] 23/3/2021 09:25

So if you look at the LOI for no less than 30k metric per month.

That is with South mining who are based in Hwange.

The Lubu mine is in Hwange.

The Chinese plan to get their coal form that area.

Just a case of wait and see.

[superg1] 23/3/2021 09:08

This stuff happens Divmad, Zimbabwe have been in their own lockdowns.

No doubt it is dependent on securing the off take agreement before mining starts.

The Chinese seem to invest heavily in Zimbabwe in that sector.

So either CGO will or won't get deals, news whenever will demonstrate that.

10th March 2021

Tsingshan Holding Group is set to start developing an iron ore mine and a carbon steel plant in Zimbabwe from May, the African country’s information minister said late on Tuesday, three years after the firm first announced the investment deal.


Tsingshan signed a $1 billion outline agreement with Zimbabwe in June 2018 to build a 2 million tonne-per-annum steel plant and has been carrying out exploration and seeking more mineral concessions.

[divmad] 23/3/2021 08:21

What is going wrong here? We should have had the open pit mine started in February. Why no update?

[puffet] 18/3/2021 10:03

Its also a 6 fold increase of resource from 320k oz to 2 million oz.

[superg1] 18/3/2021 08:46

See puffet and now some clowns appear. :-)


It's a pretty much missed/ignored share and long may it stay that way while the news flows and derisks.

Rob

Yes there is always a risk of a placing but the plan here is to go non dilutive as per the news. I'm guessing the resource size would up the chances of the options they seek.

I hate junior miners but if you take the time to read you will see their plan is low cost swift moves to start and revenue which is highly unusual for a mining junior.


But then actually I didn't want you to look at it, I would prefer CGO is off the radar while they build their strategy.

[drago] 18/3/2021 08:05

if they need a placing to enhance value , go ahead.

[richardp19] 18/3/2021 08:05

Couldn't hold 10% now the dumping

[puffet] 18/3/2021 07:46

The news keeps coming some highlights for me.....


An independent Technical Report Confirms Potential for ~2Moz Gold at Garalo
At Least Two Target Zones Extend on To Recently Acquired Ntiela Licence
Numerous Additional Targets Identified for Further Exploration.

[robhammers] 18/3/2021 07:44

Today's pre placing ramp is?

[czar] 18/3/2021 07:32

2m oz is worth $3.5b, this is a £22m company so the deposit is worth 120x the total value of the business.

[richardp19] 18/3/2021 07:32

Don't get spiked today this share will lure people in then the dump begins check the chart

[davidlloyd] 18/3/2021 07:29

Nice RNS..I like this bit....
"generate substantial value for our shareholders over the coming months."
DL

[puffet] 15/3/2021 12:16

Hope people took advantage of the opportunity to buy.
Every day that passes we get closer to news that will catapult CGO much higher :)

[superg1] 05/3/2021 12:03

Puffet shhhhhh

Just let the news keep coming de-risking etc. Still the coal de-risk part to come re off-takes.

No clue in the news how that is going but then perhaps the nomad said no to any update. Could be deals are sorted or not/failed etc, we'll see as and when its newsworthy.

[puffet] 05/3/2021 07:49

First of the news flow - nice acquisition of neighbouring gold field 100km2 with potential uplift of 1.8mOz
Willing to accept part payment in shares, valuing them shares at 10p each.

[puffet] 03/3/2021 13:34

Looks like the market is giving a very good buying opportunity.

[burtond1] 25/2/2021 09:23

Are we entering a commodities supercycle? And what does it mean for small cap investors?https://total-market-solutions.com/2021/02/are-we-entering-a-commodities-supercycle/

[superg1] 25/2/2021 00:20

puffet

A clue

Spreadex St Albans, keep and eye on it.

[superg1] 24/2/2021 14:36

I'm still reading CGO news, too many distractions at times.

The $15 plus $15 I mentioned is the 2k tonnes per month LOI $15 opex, $15 transport per tonne.

The $4m funding is part 2 of the gold play, looking for debt/funding etc. Doing that early via an equity raises down here wouldn't make sense as less the gold numbers are so compelling that they need to crack on near term.

[puffet] 23/2/2021 16:43

Good buying opportunity news any day now.

[superg1] 23/2/2021 10:08

Yes I saw.

Contract in to start to save capex opex $15 + 415 per tonne that way (presentation)

Sell price $60-$100 per tonne.

Go for the low hanging fruit surface stuff to start to keep Capex low and then use revenue to develop.

I'll have to read some more. I'd like the $4m funding part in news first they say trying to avoid the equity route.

Logically the interested parties may back that if the coking coal proves to their satisfaction.