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Ah wait date of page is today. hmm.
Https://zimbabwenow.co.zw/articles/1508/contango-signs-mou-with-multi-national-for-possible-collaboration-at-muchesu
Contango signs MoU with multi-national for possible collaboration at Muchesu
Apologies if posted before - date of artical is today though
Christ, what garbage. B----- off elsewhere !!
Not skint at all.
I read 90k+100k+370 since 1st December (post period end). So minus costs which were 850k for the whole year, and we are only 2.5 months later, I think there should still be 300-400k in the bank which should be sufficient.
I think for the researched out there this is as expected with no surprises.
Hold
Skint 🤷♂️🤷♂️
The waiting game continues. A decision in the short term, next couple of weeks? or more likely next few months.
Well tomorrow is the last day of February and we were promised financial results in Feb. It is about time that Mr. Esprey fronted up and told long term shareholders the true position rather than continually kicking the can down the road. He mentioned of a fast moving situation before Christmas, hate to see his definition of slow.
What are all these 500k UTs (usually buys vs ask/bid at the time) in the last few weeks? Anyone know?
Both for investing using margin and investing in UOG. If you're investing on margin then you've got to ensure you have enough capital to cover any calls, thats pretty standard to protect your positions elsewhere. If you don't then what we saw this morning happens. And yes I do believe it was a margin call or at the very least one investor selling given the timestamps of the sells (i.e. one after another fairly quickly).
Not great but it does indicate that the share price can move quite quickly when there's sufficient volume. We were 18% down and now only 10% down after buyers stepped in. We just need to see consistent coal sales of a reasonable quantity or a concrete bid for the mine with a discloseable price.
For investing in UOG? 100% true
More like the pitfalls of being an idiot.
Ah the pitfalls of leverage.
From CGO telegram group it was stated as fact that someone got a margin call over UOG and is selling down CGO to cover.
Promised so much, but as yet delivered nothing, always look at directors and there holding, could surprise yet RNS 4 those brave enough punt.
Couldn't agree more , no news for over 2 months , esprey and groves , same mould
Based on the dumping this morning, insider got some knowledge IMO.
Brace for more dissapointment............
We have interim results by the end of March.
I'm so excited 😂😅
Just imagine where the bank account would be now, if the 20k a month offtake was genuine, or even the 10k one before that.
Yes it does seem so. If the offtake with the MNC is signed and Monaf sell 6,700 tonnes to them as a minimum per month then that's $804,000 monthly revenue if the price per tonne is still $120 (it might be lower now). Even £50m mcap would give us a share price of 10.57p. They just need to consistently sell coal.
Can anyone please explain the large amount UTs we seem to be getting, is someone accumulating ?
Thank you in anticipation
I have doubt that it ever started to move TBH with this lot of BSing toads.
Presented to the market 113 days ago!
“Whilst there is no guarantee a firm offer will be made, we expect this process to move fast and will update shareholders on the details of the proposals as appropriate.”
Is this process still moving fast then ...
There is nothing so disastrous as a rational investment policy in an irrational world.
Yeah there doesn't seem to be a lot of news but mining is a lengthy game sometimes. That said I assume the MNC have all of their coal, have paid for it, have assessed it, and we are waiting to hear if we will supply them on going or not. I do scan the African pages but nothing new apart from this (plant expects to be producing withing 2 months - I assume coal stockpile should start growing before then):
https://www.ignitemedia.co.zw/article/4122/US$1-5bn-Disco-plant-a-pivotal--milestone-in-Zim-industrial-revolution
I’m out, hope it works out for you all.