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CGO Contango Holdings Plc

1.30
0.00 (0.00%)
09 Oct 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% 1.30 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Business Consulting Svcs,nec -6.71M -0.0118 -1.10 7.37M
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 1.30 GBX

Contango (CGO) Latest News

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Posted at 09/10/2024 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 1.30p.
Contango currently has 566,720,000 shares in issue. The market capitalisation of Contango is £7,367,360.
Contango has a price to earnings ratio (PE ratio) of -1.10.
This morning CGO shares opened at -
Posted at 27/9/2024 12:41 by 1waving
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If there is a suspension, probably less than a month.

The way the share price is going this morning may indicate there will be no suspension, or a very short one.

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Posted at 16/8/2024 07:50 by burtond1
Seen #CGO X Post ??As you can see the #CGO model is MT86h. If you @Google that you see these trucks are from China and run at $80k each, so that is $800k on trucks. Also 10x 90t is 900t that you can move in a go. Shows serious investment and production capacity:Surface miner: 1kt per hrDump Trucks: 900t per runDMS wash plant: 3,000tpdUnless my maths is off!!!https://m.made-in-china.com/amp/product/Lgmg-Mt86-Mt86h-90-Ton-Mining-Dump-Truck-for-Sale-925210675.html
Posted at 31/7/2024 10:02 by tim000
The operating company will be carrying $40 million of debt, which the new Chinese majority shareholder thinks will be easily repaid from future profits, net of CGO royalties. $20 million of that debt is owed to CGO shareholders, equivalent to over 2p per share. That’s before any royalties and dividends from the mining operations. The resource has a long LOM and coking coal has a strong global market due to a lack of investment in new mines. If the project succeeds, which looks likely given the rapid investment of the new shareholder, it’s going to pay back a great deal of cash every year to CGO, which effectively is now an investment company with no need for ongoing operating expenses.
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 03/7/2024 11:11 by 1waving
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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 !

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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 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

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" 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
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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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