Contango Share Discussion Threads

[csmwssk12hu] 03/6/2021 08:43

Pretty impressive to raise money just above current share price with zero interest, for me they have put a floor under today’s 6p share price and will move from here, just my opinion

[bad gateway] 03/6/2021 07:54

Not bad for an aim miner only a couple of days late with the update tops.
Still on target for first production end of year and 30k oz's/year the plan for the gold side of the business.
Looking sweet.

[leopoldalcox] 30/5/2021 19:31

"Before the end of the month" looks a little optimistic now

[bad gateway] 19/5/2021 15:20

Their update on the gold play can't come soon enough looking at the action in PoG today.
Sounded really greedy for early production in March.Approve of that..

"The recent acquisition of the Ntiela Gold Project, on which recent work has identified the extension of at least two target zones from Garalo to Ntiela, offers further material upside. With a resource of ~2Moz now being contemplated at Garalo and the probability of additional resource ounces being delineated at Ntiela with sufficient drilling, our future billing as a mid-tier gold producer becomes very credible.



"However, our immediate focus remains on near term cash flow. As reported previously, we are accelerating the development of a 30,000oz per annum heap leach operation from the shallow oxides given the high margins and low capex for its development. Given the significant findings in the Report, in due course the Company will undertake further drilling programmes on both Garalo and Ntiela, designed to realise and optimise the asset's full potential, as we look to establish a large standalone gold mine with multiple open pit operations across both permit areas. With production, construction and exploration news flow expected on these gold assets in 2021, as well as further progress across the broader Contango portfolio, we expect to generate substantial value for our shareholders over the coming months."

[drago] 14/5/2021 20:16

Apparently the price of steel has been flying.
Of course , to make steel , one needs coking coal .
I expect lubu as our asset is a good job and should be in demand

[leopoldalcox] 14/5/2021 09:31

Good to hear there's an impending Gold project update

[puffet] 14/5/2021 08:00

The story continues to gather pace very positive news.

[bad gateway] 14/5/2021 07:18

"Carl Esprey, Chief Executive Officer of Contango Holdings, said: "Discussions with the Potential Offtake Partner continue to progress well, and I am pleased we have now reached a clear path to enable formal offtake agreements to be entered into. Our potential partner is one of the largest companies in Zimbabwe and its parent company is one of the largest steel producers in the world. The synergies between us are evident and I have every belief that upon completion of this brief and low-cost test work we will be able to enter a mutual and highly beneficial arrangement.



"I look forward to updating the market on our progress at Lubu in due course and also expect to provide an update on our Mali gold operations before the end of the month."




Sounds good news here this morning. Perhaps not GCM2 but what GCM should have been itself.

[bigberty99] 11/5/2021 15:38

Is there a placing at 4p

[bo doodak] 06/5/2021 00:31

2020 Lock-In Agreements
Conditional on Readmission, CGH will enter into a lock-in agreement with the Company and Brandon Hill Capital in relation to the Consideration Shares. CGH agrees that, without the prior written consent of Brandon Hill Capital, for the period of 12 months from Readmission they will not dispose of any Consideration Shares they hold.

[festario] 22/4/2021 18:33

So my delisted shares in CGH hold a 41% stake in this outfit.I wonder when they will make me a sensible offer for them?

[divmad] 22/4/2021 17:32

Any news from our Chinese friends in Hwange?

[jfreshfield] 20/4/2021 12:07

Why widen spread? News due

[csmwssk12hu] 13/4/2021 00:24

From the graph it seems to consolidate for about four months before jumping, based on that theory the next four months is almost up

[superg1] 11/4/2021 19:18

rbento

Completely irrelevant though.

It's a 2 year lock in though, so they follow their strategy in that time, Gold and coal will have been mined for about 2 years (Coal for near 2, Gold for 1)

If they don't mange that they will be worth squiff all anyway, and no liquidity to cash in.

So to claim the prize they need to perform.

I take it they expect to perform.

[bad gateway] 11/4/2021 16:21

They're not wrong about their low wages though.

Directors' remuneration yr ending 31 May 2020 £72K
Directors' remuneration yr ending 31 May 2019 £48K

Seems quite reasonable to a zenith energy holder.

[rbento] 09/4/2021 17:22

Lol. The 'underpaid' non execs get six figure free options. Typical aim company. Do they not know that non execs are paid £25k a year?Or that some on the board pocketed big fees through their companies as part of the IPO.Great asset potentially. Shame the board aren't acting independently.

[bad gateway] 27/3/2021 13:48

Picked a few up yesterday too. 2 decent projects well underway and as you say very quiet.
Looking forward to seeing how things unfold over the next few weeks/months.

[rogerbridge] 26/3/2021 20:07

Nice and quiet here. Added a few more before close.

[puffet] 26/3/2021 12:44

Yes this looks like its virtually agreed I assume discussion around funding the solution are ongoing - will the Chinese buy in or do CGO have to raise funds?
Certainly interesting few weeks ahead.

[superg1] 26/3/2021 12:38

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.

So it's Tsingshan

[superg1] 26/3/2021 12:12

Well Puffet the 2 = 2 re the Chinese and Hwange looks to have been correct, who the partner may be is well covered in news.

[puffet] 26/3/2021 07:17

Another progressive RNS out re coke offloading discussions with the Chinese all sounds positive.