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Started: InvestorPA, 15 May 2024 00:39
Last post: InvestorPA, 22 May 2024 15:28
Still no consistent sales from these r e t a r d s (allegedly) and now almost one year since washed coal production started. How much coal has been sold via the back gate I wonder? Over 1 billion tonnes, enough to last over 100 years, and these lot can't even sell a thousand tonnes a month? 😯
have these r e t a r d s sold any coal yet? imagine waffling to everyone "we have a world class deposit" and yet no one is buying from you. what happened to the mnc?
******* i n g i d i o t i c r e t a r d s
Last post: mikee_p, 21 May 2024 13:16
Yup, chinese will pick it up for a song and Esprey will get a nice brown envelope.
Mikee_p, I dont think its the logistic but the logic. Why develop a mine withou some fairly well commited end users lines up to purchase your product. There's a world of difference berween a trade enquiry and a memorandum of understanding. Perhaps someone is waiting for it to hit the buffers so it can be picked up cheaply?
Isn't logistics a sticking point?
Yes indeed but the BoD are not very good at the sales side of the business. Dreadful in fact.
I was just looking at the photos. It looks like you have a lot of coal to sell.
Started: VistaMan, 5 May 2024 23:55
Last post: mikee_p, 18 May 2024 13:50
We'll be known as the sample shipping company.
Started: BS8765, 6 May 2024 13:19
Last post: BS8765, 6 May 2024 13:19
Contango Holdings PLC (AIM: CGO) announced that following the capital raise of £940,000 (“Placing”) in early April 2024, the Company has now been able to continue operations on-site to satisfy requests from potential offtake customers for samples.
Last post: steven49, 4 May 2024 07:40
Quite clearly both Carl esprey and Roy Pitchford are unable run company, both apear mislead investors, quite clearly not be trusted, both I believe have some dodgy history, big void,
Started: BS8765, 2 May 2024 11:58
Last post: ThBirdfeeder, 3 May 2024 19:26
Looks like £50k buy at 2:30?
No shares 😂😂😂😂 apart from the millions from the placing 😂😂😂😂
Large reported buy expected ?
Started: Crypt, 3 May 2024 10:37
Last post: Crypt, 3 May 2024 10:37
Off its lows and plenty of buys vs sells. Could there be a little money to make here on the rebound?
Of course they are making progress
The 10k offtake agreement, which delivered zero sales and got replaced by…
The 20k offtake agreement, which delivered zero sales and got relaced by…
The 50k potential offtake agreements, which are going to deliver ????
This time next year we might even have a potential 200k a month agreement being talked about.
"Clearly they are making progress and this is not the scam"
Let's review this in 6 months. I hope you are right.
Thanks. I thought so too.
Great answer.
If you cannot see the progress - time to go back to school to learn the basics !! Doh !!
Started: EbbsandFlows, 16 Apr 2024 13:52
Last post: mikee_p, 20 Apr 2024 19:17
That's hilarious.
He's a con man and a failure.
Good to know he is working so hard for our company
Oh wait a minute he's been so successfull he has time on his hand to start up the next XXXXX you can call it what you want.
https://li-africa.com/corporate/
Started: EbbsandFlows, 16 Apr 2024 13:14
Last post: EbbsandFlows, 16 Apr 2024 13:14
New job and updated Linked in Profil to boot. If this doesn't make you laugh....
Executive ChairmanExecutive Chairman
Lithium Africa · Full-timeLithium Africa · Full-time
Jan 2024 - Present · 4 mosJan 2024 - Present · 4 mos
London, England, United KingdomLondon, England, United Kingdom
As the Executive Chairman of Lithium Africa, CEO of Waraba Gold, and Executive Director at Contango Holdings, Carl Esprey is driving the innovation curve in Africa's mineral exploration sector - reshaping the industry and unlocking its untapped potential.
With financial roots as a Chartered Financial Analyst and Chartered Accountant, and time spent analyzing M&A at BHP Billiton, Carl possesses a unique blend of financial acuity and resource sector expertise. At GLG Partners in London, he further honed his skills by identifying emerging investment opportunities.
Under his leadership at Contango Holdings, Lubu Coal project in Zimbabwe is poised for accelerated development and positive cash flow. As CEO at Waraba Gold and Lithium Africa, Carl guides more than 30 professionals to explore Africa's richest regions. Their aim? Fast-tracking discovery with cutting-edge technology and strategic alliances.
Carl's career is a testament to his deep passion for Africa's unique geological landscape. With Africa at the cusp of a minerals boom, he envisions a future where the continent plays a pivotal role in supplying the world's increasing demand for critical minerals. Carl is not just a witness to this transformation, but a driving force behind it. Join him on this journey as he shares his insights, knowledge, and perspectives along the way.
Price only needs to rise by 2000% to reach the price target pitched by Doc Holiday a few years ago.
Last post: StanAccy, 10 Apr 2024 10:58
It’s important they secure a credible medium-long term off take deal which is moderately profitable, anything less is not going to create sustainable shareholder value
Last post: Glenogle, 10 Apr 2024 09:35
Aye, sods law it changed back to 22% spread just after I posted. I have to admit, I'm still new to understanding some of the drivers. I'm sure it's not just volume
? 09-1.1 so not sure what you are looking at - this is CGO. Perhaps the brokers came in late, and you're looking at 15min delayed data so you'd see the first ones on the bid/ask from 7.50 (and there are ones which are 0.9-1.4 but currently:
0.9-1.1 (top of bid/ask)
0.9-1.2
0.9-1.3
0.9-1.4
0.9-1.4
0.8-1.4
bid 0.9 ask 1.4, so over 50% spread. that's a volatile spread. why is the spread so wide? someone somewhere must be making a killing out of this. i know there's a bit of supply and demand, but someone is taking the **** somewhere.
Last post: steven49, 10 Apr 2024 04:43
This guy needs go, be replaced, Carl, if r too salvage anything
Started: EbbsandFlows, 9 Apr 2024 11:25
Last post: Invest4theLT, 9 Apr 2024 17:44
Looks like he bought on the open market, not via the placing.
Thanks for you input - appreciate it.
Not quite right there EbbsandFlows - just means they aren't preparing the accounts as they released the interims end of Feb 24 so a good few months to go before annual accounts prep. Not sure how you link a NED buying to there not being a closed period linked to no news expected whatsoever even though they just told us they are working on many different avenues. We had that update yesterday so that's the current information in the market. Q2 clock for offtakes ticking.
If offtake agreement or other business progression then yes they can. obviously. Otherwise no BoD or NED would ever be able to buy any shares in any company on the open market as in any normal company there should always be some price sensitive work ongoing!
Noticed that a non-ex brought shares yesterday on the open market. Not knocking this but, does that mean we are not in a closed period? So, as we are not in a closed period we should not expect any large, price sensitive decisions to come out over the next three months.
Started: InvestorPA, 8 Apr 2024 07:15
Last post: MyIPA, 8 Apr 2024 20:59
Tradylioar - sooo.... the employees at the mine are also culpable for this "lifestyle" placing? Pretty sure they do an honest days work, get paid for it and quite rightly so. Not sure that constitutes 'lifestyle' placing for these. The BoD deferring of course - and yes I know what it means but please, continue to try to spin it. I'd agree if they hadn't managed to get a mineto working order however they have done that too and the proof is there... So even for the BoD, not really a 'lifestyle' company either. Currently they are not drawing it. When the balance sheet looks better they will get paid (and creditors on the loan). That's how it is. Good on them. Got 2bln tonnes of coal for making steel, at a pinch thermal coal (less margin though as stated).
Until then: GLA - offtake agreements (with actual deliveries) for the win. Clock is ticking.
My IPA - And the various contractors and employees that work at the mine - are they deferring wages? Also look up the meaning of deferring. Bargepole.
Tradylior - "The Board has been unilaterally deferring its remuneration since the start of Q4 2023 and will continue to do so until such time that the Company's balance sheet is in a more stable position."
Guess your statement is an untruth :/
Q2 is the make or break here. risk and reward. 1p or just under seems a pretty good risk for the reward imo.
GLA
Mess of a company. Lifestyle placing to keep wages going. Bargepole.
Looks expensive at 1p
Coal in the ground has no value
Coal mined and sat on hour site with no buyer in rural Zimbabwe has no value
1p share price is literally potential of a deal; the track record of the board suggests a deal is unlikely and to compound matters the company governance and the country it operates in governance is questionable at best
Started: StanAccy, 8 Apr 2024 10:25
Last post: Irishdemon, 8 Apr 2024 11:16
Your opinions will have you in court before long !!
Well worth investigating the links between RAB and the CGO large shareholders and board
Then look at what other projects RAB are invested in, have been invested in and whom with.
RAB support should not be a green flag for private investors to buy
All in my opinion
Looks like it's all about Q2 for several offtake agreements. BoD want agreements done during this quarter of 5x the MNC volume. Plus possibility of JV/project sale. Funding will last for Q2 so should be either boom or bust. There was activity on site as stated. Placing shares already baked in being at 1p - now we know why the SP was dropping on minimal sells.
imo good to at least get an update - and all that BS about being taken private was just that. BS.
Started: InvestorPA, 5 Apr 2024 19:54
Last post: mikee_p, 7 Apr 2024 14:19
I'm just awaiting the "going into administration" RNS.
Then picked up for peanuts.
It seems unlikely that all the effort of relisting this asset and the passing of shares to the old Sable shareholders was a scam, most of the original shareholdes hold most of the equity here, The board is filled up with players who were trying to make a quick buck seeing their investment disappear. The ammount of floating shares is very small with low volumes producing huge share price movement.
I'm 85% down. If we end up getting ripped off here then someone is going to get physically hurt. No legal battles or anything like what shareholders are trying to do over at Bidstack (good luck to them nevertheless). I'm going to take a direct approach.
A billion tonnes of coal, more than enough to last more than 100 years, and we're supposed to believe the mine is sitting there idle, not producing or selling any coal, after all this time, after all the money and resources spent building it? This board won't see daylight ever again if they f*** us over. I'm not going to get ripped off again, not this time.
Let's see what Monday brings.
Started: steven49, 5 Apr 2024 19:17
Last post: steven49, 5 Apr 2024 19:17
Been real disgrace running of this company, so many false hopes, smoke mirrors potential acquisition of its assets back in Oct, notice leaky ship this company so fall due to leak mayb, news I'm sure soon, could surprise. GLA
Started: Clarets, 28 Mar 2024 07:09
Last post: Irishdemon, 5 Apr 2024 16:39
How do you know there is activity on site. Can you share the evidence please ?
Activity on site still ongoing - so must be something going on
Not surprising is it given the CEO's track record. I was surprised people trusted him enough to invest in the company
GLAD I SEE THE LIGHT HERE OVERALL EVENS N MY TRADES
Unless they have news, its hot air. The price is falling because the BOD is failing. The Market is reacting. No confidence/trust/belief.
They will run of of time and rope eventually unless they start earning. No sign of that, no orders. Only that or news of a real offer will raised this share.
Last I heard from the Doc on CGO he still had a position. Anyone know if he's since sold?
Started: InvestorPA, 27 Mar 2024 16:20
Last post: Sharky1975, 27 Mar 2024 18:40
Must be 1 billion tonnes of hippo mess. I actually think they are trying to get talks concluded regarding offtake agreements but somethings are out of their control and maybe the MNC doesn’t fully trust they can deliver.
Something dodgy AF going on.
And Monaf can't even sell 1,000 tonnes a month. Forgot 1,000 tonnes, they can't even see 500 tonnes a month. The word stupidity comes to mind and has never been more appropriate.
Started: tqhussain, 26 Mar 2024 04:55
Last post: EbbsandFlows, 26 Mar 2024 09:41
And here is pritty much the same article written in 9th June 2023 https://www.herald.co.zw/sa-steel-giant-expands-imports-from-hwange/
And here it is from 8th Dec 2022 https://www.chronicle.co.zw/comment-increased-exploitation-of-natural-resources-commendable/
And here we are at the end of Q1 2024 - and we have sold how much coal?
Is in the mix.
“Some tests continue to be done on the coking coal reserves in Binga and Hwange areas”
https://www.herald.co.zw/open-for-business-policy-bears-fruit-as-global-steel-giant-imports-us10m-coke-from-hwange-monthly/amp/
Started: mikee_p, 21 Mar 2024 21:53
Last post: mikee_p, 21 Mar 2024 21:53
Indeed