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Contango Holdings PLC (AIM: CGO) announced that following the capital raise of Β£940,000 (βPlacingβ) in early April 2024, the Company has now been able to continue operations on-site to satisfy requests from potential offtake customers for samples.
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,
Looks like Β£50k buy at 2:30?
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.
Off its lows and plenty of buys vs sells. Could there be a little money to make here on the rebound?
No shares ππππ apart from the millions from the placing ππππ
Large reported buy expected ?
Of course they are making progress
The 10k offtake agreement, which delivered zero sales and got replaced byβ¦
The 20k offtake agreement, which delivered zero sales and got relaced byβ¦
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.
There some life here, but f*** me this is just taking so long to sell an decent amount of coal on a regular basis. Even selling 1000 tonnes a month is better than nothing, but they can't even seem to do that. More noise about potential offtakes.
Makes you wonder whether the quality of the coal is just so rubbish that no one wants it? I mean it's not like they'll run out of it any time soon if they were to sell 1000 tonnes a month. Just all round p*** poor.
Maybe Groves will buy it back ?
My own feeling is that this is going to be sold on the cheap and the rug pulled from under our feet.
Thanks. I thought so too.
Great answer.
If you cannot see the progress - time to go back to school to learn the basics !! Doh !!
Read the announcements they were making 3,6,9 months ago and explain what progress.
Esprey and Groves are from the same mold
Rubbish. Clearly they are making progress and this is not the scam that some brain-dead numpties on this Board have suggested. Patience is all that is required.
Yep , still not sold any yet
More empty blah blah blah
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/
New job and updated Linked in Profil to boot. If this doesn't make you laugh....
Executive ChairmanExecutive Chairman
Lithium Africa Β· Full-timeLithium Africa Β· Full-time
Jan 2024 - Present Β· 4 mosJan 2024 - Present Β· 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.