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
  0.35 5.26% 7.00 6,423,635 16:28:20
Bid Price Offer Price High Price Low Price Open Price
6.90 7.10 7.10 6.65 6.65
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
  -3.30 -1.49 22
Last Trade Time Trade Type Trade Size Trade Price Currency
16:41:59 O 221,968 6.815 GBX

Contango (CGO) Latest News

More Contango News
Contango Investors    Contango Takeover Rumours

Contango (CGO) Discussions and Chat

Contango Forums and Chat

Date Time Title Posts
28/6/202218:38CONTANGO: High Met Coal & Gold!! (BENS Creek Mark2)1,937
20/6/202211:15conchango - new to AIM895
01/12/202109:38Contango - New Resources Shell from McMaster & Brandon Hill73

Add a New Thread

Contango (CGO) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
View all Contango trades in real-time

Contango (CGO) Top Chat Posts

Contango Daily Update: Contango Holdings Plc is listed in the sector of the London Stock Exchange with ticker CGO. The last closing price for Contango was 6.65p.
Contango Holdings Plc has a 4 week average price of 4.70p and a 12 week average price of 4.70p.
The 1 year high share price is 10.35p while the 1 year low share price is currently 4.60p.
There are currently 309,667,356 shares in issue and the average daily traded volume is 3,033,007 shares. The market capitalisation of Contango Holdings Plc is £21,676,714.92.
aimmafia: The fact of the matter is. Come q4 we will be very much higher in share price and market cap. Peace out
aimmafia: Ebitda will be around 10 million dollars starting in Q4 - on a PE of 5 that puts us around 46 million pound market cap.46 million market = aprx 14.8p share price off the top of my head.This excludes any value of assets factored in. So we should be at roughly 21p a share come Q4. If gold news lands then the brakes are off and would like to see us around the 30p plus range.
bmwman3: Coking Coal Offtake ContractFollowing a detailed recent review of the composition and quality of the coking coal at Lubu, AtoZ has entered into an agreement to purchase 10,000 tonnes per month of washed coking coal produced at Lubu, at the prevailing MMCZ market price, currently US$120 per tonne. The MMCZ market price is a minimum price prescribed by the Minerals Marketing Corporation of Zimbabwe (MMCZ).AtoZ has agreed to take delivery of the washed coking coal at the mine gate and handle all subsequent logistics and marketing, thereby removing associated marketing and transport costs for Contango.At prevailing market prices Contango would expect to benefit from margins of circa US$70-80 per tonne for its washed coal production under this contract, giving potential to generate up to US$10 million of earnings per annum. Also, given the current macro-outlook and global coking coal price environment, the Company believes there is a strong likelihood for further uplift in the MMCZ coking coal price from its current levels, which remain significantly below global benchmark prices. This in turn would provide even greater margin to the Company's operations and washed coking coal sales under the contract.
chilltime: They did it last time when the price had been 8p and was about 7p at the time of the news, now it's been hovering above 5p. All expected to be over in 6 months, extended and 5 months later they still can't convert at 6p which is above the share price. It's been 50% higher than 6p a couple of times and the note dudes couldn't profit from it. But they can get some at 8p if they wish post conversion, higher than the share price. Yeah dudes, all good, sweeeeet, no worries. Makes perfect sense, retail get them lower than us................ where do I sign. toot....splutter toooot.
bad gateway: How can CGH convert their own shares in CGO shares? CGH were paid 128M CGO shares plus cash for their business interests.. "The consideration for the Acquisition is £6,834,829.05 to be satisfied by the Company issuing 128,849,961 Ordinary Shares in the capital of the Company to CGH and cash of £392,331 ($487,500) that has been advanced by the Company in installments since June 2019 to fund the development of the project from existing cash resources. The value of each Consideration Share is a sum equal to the Placing Price at which additional Ordinary Shares are issued by the Company at Readmission. The Directors are pleased that the Acquisition represents an investment in the sector contemplated at the time of the Initial IPO in November 2017." Have wondered over time if CGH have been the seller here and would recommend their investors asking about that and what has happened to any funds from these sales but don't see how they have any option to convert their own shares into that of a different co ie CGO?
2mex: Consider the fact that CGO are in talks with several parties for mid-2022 off-take agreements. Each party clearly has a demand for coking coal which they believe CGO could help with. This puts CGO in a strong bargaining position and it is a case of who offers the best deal to CGO. CGO have a proven quality product. As tburns pointed out, when the off-take agreement(s) is/are announced, you have an analogue to refer to, BEN, to see what the share price response will be. An off-take agreement(s) RNS could be released at any time but I think the more aggressive off-takers will try to close a deal at the best price soon while CGO are waiting for crusher & washer install.
the anarchist: I still see mileage in Ben. I hold both Ben and CGO and certainly wouldn't put all my eggs in one basket. Is there a reason you're considering going all in on CGO (or any other company for that matter)? If you're relatively new to investing, tread carefully until you get a feel for the lay of the land. I personally don't have more than 5 percent of my portfolio in any company unless I've had my original stake back (Ben being a case in point - I've had all of my money back and my remaining shares represent pure profit). Do as much research as you can, set yourself targets for each share price and stick to it. Don't be taken in by the rampers and derampers, of which there are many on the various forums and don't gamble more than you're prepared to lose. It may sound boring but I've done very nicely out of practising what I preach this past couple of years. Good luck!
linz22: There's a strong hint of 'Too good to be true' at BEN, which might just be starting to unravel wrt the (very) questionable major shareholder's agenda there. That said, there's nothing unique about dodgy ownership on AIM, but I feel the realisation for caution over there might've overflowed to here, negatively affecting sentiment at CGO, which is why I believe the fortunes of the CGO share price will have to be more news driven from hereonin. NB: by way of comparison, BEN is already in production with a 12mth offtake contract being realised. One can only imagine the stock value at CGO, given its hugely superior asset size, should it arrive at such a similar stage of development..
jailbird: with 2 week+ to go to apparently go into production. No offtake signed , are there any in the pipeline?, maybe not, reason for stockpiling the coal Puts a RNS for the share price movement "peculation of an imminent capital raise" You are clearly the Co is reading the boards, and share price fall was due to your car crash podcast not fear of a share placing. But put 2 and 2 together, ppl realized that no cash to come in, so cash will be needed going forward But CEO has not come clean or allay any concerns repeatedly said here So many red flags
danmart2: It’s fair to state they need an in country buyer for the coal although the more the price rises this default opinion may change. The Chinese run the show in zimbabwe and most of Africa They need to find a deal with the Chinese who will not blink first, they will know CGO need a buyer and the only buyer is them. Chinese are not easy to deal with, especially outside of China in jurisdictions were they control the govt. However a deal can be struck, CGO must understand the Chinese culture and negotiating culture and learn to play it. A take off deal is still possible but difficult. One question, could CGO slow down progress with the coal works and preserve cash until the coal processing equipment is up and running? CGO would benefit from being in a position of power in terms of negotiations with the Chinese, the CEO should be exploring every possibility to strengthen CGOs position.
Contango share price data is direct from the London Stock Exchange
ADVFN Advertorial
Your Recent History
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20220628 18:28:54