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CGO Contango Holdings Plc

1.15
0.00 (0.00%)
26 Jul 2024 - Closed
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% 1.15 342,187 08:00:00
Bid Price Offer Price High Price Low Price Open Price
1.10 1.20 1.15 1.15 1.15
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Business Consulting Svcs,nec -6.71M -0.0142 -0.81 5.44M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:01:36 O 43,472 1.159 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
2024-07-26 15:01:361.1643,472503.84O
2024-07-26 14:31:431.1765,851767.16O
2024-07-26 13:00:261.2080.10O
2024-07-26 12:43:021.1118,072199.91O
2024-07-26 10:00:311.1121,686240.71O

Contango (CGO) Top Chat Posts

Top Posts
Posted at 26/7/2024 09:20 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 1.15p.
Contango currently has 472,724,023 shares in issue. The market capitalisation of Contango is £5,436,326.
Contango has a price to earnings ratio (PE ratio) of -0.81.
This morning CGO shares opened at 1.15p
Posted at 18/7/2024 08:30 by festario
If the CEO blatantly lied about the sales conduit, could he not possibly be lying about this latest episode? After all he has form, and the share price is still 85% below where it was when I was able to dump my CGH shares .
Posted at 18/7/2024 07:47 by burtond1
Great update from #CGO https://www.londonstockexchange.com/news-article/CGO/update-on-transaction-with-strategic-investor/16574527
Posted at 03/7/2024 11:11 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 03/7/2024 08:54 by apfindley
Good news that finally puts a light on at the end of the tunnel, and all you focus on is the price of the issue of shares to the person providing this lifeline deal to develop muchesu, provide capital to cgo and guarantee a price per tonne in royalties.But what do we expect from the stable of samsung minions where tandem accounts are used talk down selected companies..On the whole it's great news where there appeared little hope.
Posted at 02/7/2024 10:51 by swanvesta
Has anyone figured out what this is worth? Assuming the deal completes of course.

The guaranteed $2m pa will keep the lights on. Anything above that has to come either from royalties on sales (eg thermal sales above 1m tpa), or from the retained 23.75% of Monaf.

So what might production numbers look like? Short term, probably nothing too significant. Medium term, I understand Mr Wencai is building or planning to build a couple of 300MW power plants. These will consume about 3m tpa of thermal coal, and sales could start in a couple of years. I suspect this will be his focus for the foreseeable, but longer term there could be other developments with the more lucrative met coal and coke products.

That means that royalty revenue could rise to $6m in 2-3 years.

And there is also the potential for profit related income from CGO's retained 23.75%. Can we assume good governance here? This is Zimbabwe after all and I'm not sure what rules operate. Mr Wencai will be pricing the coal to his own power plants. If he and his associates own > 51% of them there is an incentive to favour them with low prices and stiff the foreign investors at CGO.

Anyway, if/when Monaf does become profitable, CGO should start to get repaid their $20m loan, at the same rate as Mr Wencai on his own $20m planned investment. Thereafter they should get 23.75% of profits. What is the likely profitability of Muchesu at 3m tpa? I have no idea to be honest. I don't want to rely on any numbers Esprey has put out in the past, and I'm cautious of governance issues as mentioned above.

I bought a tiny starter position at 1.3p and await further news.
Posted at 01/7/2024 14:55 by 1waving
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RNS 8th April

" The Company is currently in discussions with numerous potential offtake partners, from both domestic and international markets, for its suite of coal products. Some of these ongoing discussions require the Company to provide samples and to perform additional test work as offtake groups require specific specifications for their usage. Accordingly, samples are provided on an ad hoc basis from the relevant stockpiles or freshly cut coal. The Company expects that the outcome from these discussions and work undertaken on the coal to crystalise during Q2 2024. "

We are now in Q3 2024 -- no offtakes yet.


But what is this sudden rise in the share price this afternoon ??


.
Posted at 21/6/2024 07:20 by burtond1
New #CGO Interview A truly transformational deal for Contango"...there is significant upside in the share price with almost zero cost to us. This is a very positive step..."https://total-market-solutions.com/2024/06/contango-holdings-plc-june-2024/
Posted at 01/3/2024 12:28 by 1waving
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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 ?
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Posted at 12/12/2023 11:11 by 1waving
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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 !! "

_________________________
Posted at 26/10/2023 10:09 by 1waving
.

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 !!!


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Contango share price data is direct from the London Stock Exchange

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