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CGO Contango Holdings Plc

1.50
0.00 (0.00%)
Last Updated: 08:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Contango Holdings Plc LSE:CGO London Ordinary Share GB00BF0F5X78 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 1.50 68,072 08:00:00
Bid Price Offer Price High Price Low Price Open Price
1.40 1.60 1.50 1.50 1.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Business Consulting Svcs,nec 64k -3.8M -0.0067 -2.24 8.5M
Last Trade Time Trade Type Trade Size Trade Price Currency
11:04:21 O 18,072 1.404 GBX

Contango (CGO) Latest News

Contango (CGO) Discussions and Chat

Contango (CGO) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
11:04:221.4018,072253.73O
09:00:011.4550,000725.00UT
2025-01-29 15:04:141.4925,000372.00O
2025-01-29 12:58:021.411,20717.02O

Contango (CGO) Top Chat Posts

Top Posts
Posted at 30/1/2025 08:20 by Contango Daily Update
Contango Holdings Plc is listed in the Business Consulting Svcs,nec sector of the London Stock Exchange with ticker CGO. The last closing price for Contango was 1.50p.
Contango currently has 566,720,000 shares in issue. The market capitalisation of Contango is £8,500,800.
Contango has a price to earnings ratio (PE ratio) of -2.24.
This morning CGO shares opened at 1.50p
Posted at 28/1/2025 13:31 by 1waving
.
Now that Huo has bought just over 20% of the issued shares, CGO should now have a further million dollars in the bank.

Definitely due an RNS.

.
Posted at 15/1/2025 12:02 by 1waving
.
This seems to have been holding CGO back for a long time.

"The Company also expects to issue a Short Form Prospectus ("SFP"), subject to the approval of the FCA, this month, which will enable the Company to complete the previously reported US$2,000,000 Subscription thus making the Investor the largest shareholder of the Company, further aligning the Investor's interests with the Company."

Looks like CGO are having problems with this Short Form Prospectus and have been for a while. ------ FCA approval needed !!!!

.
Posted at 10/1/2025 09:16 by gb904150
Well, they confirmed receipt of $200k and will get $800k later this month.

Let's hope they confirm that part too.

I wonder what penalty clauses CGO were wise enough to put in place in case of non payment. Let's hope they made it water tight.


Contango Holdings Plc, a company focused on unlocking value from the +2 billion tonne Muchesu coal project in Zimbabwe ("Muchesu"), is pleased to confirm it has now received its first royalty payment of US$200,000 and expects to receive a further US$800,000 this month. Combined these will bring total royalty receipts to US$1,000,000 as envisaged and previously reported under the Mineral Royalty Agreement ("MRA") with Huo Investments (Pvt) Limited (the "Investor").
Posted at 04/12/2024 17:05 by danmart2
Chinese will want to pay dividends?

I don’t know where to start.
If you really believe CGO is going to play by the rules, by any rules other than the boards self interest, you deserve everything you get.
Which won’t be anything from this lot.

Recent uptake in CGO comms and promotion suggests a share raise is on the cards.
Posted at 04/12/2024 13:05 by avobull
The Chinese will still own 20% of CGO itself and therefore will benefit from any dividends paid out from CGO. That gives them a good incentive to make sure the CGO Board pay out dividends with the proceeds from royalties, Monaf dividends and the repayment of the $20m loans!
Posted at 04/12/2024 12:28 by swanvesta
avobull, the chinese own 51% of Monaf directly and just 4.75% (20% * 23.75%) indirectly via CGO. Furthermore, it seems likely they also have a significant interest in the other side of the offtake ie in the buyers of the coal. Where do you think their incentives lie? Hence, for CGO shareholders at least, there is much still to be proven.
Posted at 04/12/2024 10:01 by apfindley
Washed coking coal capacity of 3000 t/dValue to CGO $8 /t$24,000 per productive day which is around $7.5mill per annum, cash.There will be a 2nd plant coming early 2025.So what do you value Contango at once the 4mill of investor loans are paid back, and then Cgo will be a dividend payer?
Posted at 03/7/2024 10:11 by 1waving
.
Esprey is giving away CGOs assets on the cheap.

This so called deal rips away any value that shareholders had.

So after shareholders buying in at Share prices much higher than today, Esprey ushers in a Chinese Communist Party 'businessman' to own 20% of CGO at massively discounted prices.

Giving away a 2 Billion Ton Coal asset for peanuts when shareholders have done all the hard yards.

At best, we have been totally deceived by Esprey. The Shareholders interests have been neglected and shattered.

and where are our fantastic gold assets at Garalo-Ntiela ??? More neglect there !

.
Posted at 01/3/2024 12:28 by 1waving
.
2.8 million buys ------ 2.6 million sells at present

CGO down 10%

Yesterday buys and sells were about even. -- CGO share price down 10%

The buyer I have already mentioned that has been buying for around the last 6 weeks through UT trades continues to buy and bought 500k at 2pm yesterday with a UT trade.
Must be close to or over 3% !!!

Some entity is building a big stake........ but for what purpose ?
.
Posted at 12/12/2023 11:11 by 1waving
.
A Reminder....... for Christmas

.

" 1waving - 26 Oct 2023 - 09:09:40 - 3623 of 3788 CONTANGO: High Met Coal & Gold!! (BENS Creek Mark2) - CGO
.

HOW DO YOU VALUE THE MUCHESU / LUBU ASSETS ????

$1 per tonne..... $5 per tonne ...... $50 per tonne???
when the profit per tonne on the low cost coking coal is circa $75 per tonne, with profit on coke being at least 3 times higher.

I have posted about the value of Muchesu before.

1waving - 30 Aug 2023 - 11:29:19 - 3353 of 3622 CONTANGO: High Met Coal & Gold!! (BENS Creek Mark2) - CGO
.
CGO's Lubu/Muchesu coking/metallurgical project has a NI 43-101 of 1.3 Billion Tonnes and holds 70% of that project. - That gives 910,000 Million Tonnes attributable to Contango Holdings.

That gives CGO's attributable 910 Million Tonnes a phenomenal value, at just $1 per tonne that gives a value of $910 Million for CGO !!
$10 per tonne....... $9.1 Billion.

A massive resource which is expected by CGO to be 2.6 Billion tonnes. These big deposits get bigger as the mining develops.

Now made a start. ------- What will CGO look like in 1 year or 5 years ???

Phenominal project overall.

-----------


" That gives CGO's attributable 910 Million Tonnes a phenomenal value, at just $1 per tonne that gives a value of $910 Million for CGO !!
$10 per tonne....... $9.1 Billion. "

That is just for the JORC proven assets, CGO believes there is double that, 2.6 Billion Tonnes !! "

_________________________
Contango share price data is direct from the London Stock Exchange

Contango Frequently Asked Questions (FAQ)

What is the current Contango share price?
The current share price of Contango is 1.50p
How many Contango shares are in issue?
Contango has 566,720,000 shares in issue
What is the market cap of Contango?
The market capitalisation of Contango is GBP 8.5M
What is the 1 year trading range for Contango share price?
Contango has traded in the range of 0.891p to 2.65p during the past year
What is the PE ratio of Contango?
The price to earnings ratio of Contango is -2.24
What is the cash to sales ratio of Contango?
The cash to sales ratio of Contango is 150
What is the reporting currency for Contango?
Contango reports financial results in GBP
What is the latest annual turnover for Contango?
The latest annual turnover of Contango is GBP 64k
What is the latest annual profit for Contango?
The latest annual profit of Contango is GBP -3.8M
What is the registered address of Contango?
The registered address for Contango is 1 CHARTERHOUSE MEWS, LONDON, EC1M 6BB
What is the Contango website address?
The website address for Contango is www.contango-holdings-plc.co.uk
Which industry sector does Contango operate in?
Contango operates in the BUSINESS CONSULTING SVCS,NEC sector

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