Contango Takeover Rumours (CGO)

Time for the board to start convincing the market that this isn't a scam.The takeover crap rns is feeling very much like a speculative pump after the Upland nonsense, but it's failed.Convince us otherwise.

CGO is producing. Not much and not regularly, but that is only for a very short term until the existing offtakes pick up NPV is so full of so many variables it comes out with what the authors want it too. Unreliable. I would prefer to go into regular production for a good while to enhance value, then maybe sell an asset with a big divi paid, or a full takeover. The $ per tonne numbers are very illustrative of how valuable the company/Muchesu is. A common way of illustrating value in the resources sector. .

Takeover?

It is odd, in fact when a possible takeover is mooted, a flurry of RNS’s usually follows as institutions react and tidy up their books.I know it’s more complicated than that, but yes, the silence is very bizarre.

Aye, this is REALLY behaving like a stock where there is a huge takeover in the offing, or even an off take agreement. Red flags all over this for the last 12 months or so.

Don’t get me wrong, I’d very much like a profit from a takeover bid on any stock I hold, but how would you justify this spike out of the blue yesterday? Do try and be honest.