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and you're straight back to being personal. If you can't verify your "fact" that rampers are ludicrously claiming this will multibag soon then just apologise for making such a silly inflammatory comment. til then you're just pegged as a troll imho.
15 December 2020 RNS - Wheres the slippage?
Carl Esprey, Executive Director of Contango Holdings, said: "Garalo was acquired with the intention of bringing into production a small but highly profitable gold mine. The publication of this Report, which included both reinterpretation of historic data as well as information not previously incorporated in the historic 320,000-ounce figure, has made it clear that Garalo is significantly larger than first envisaged, with the potential to be a sizeable, multi-million-ounce standalone mine, rivalling some of our neighbours in this world class gold producing region.
"The resource quantum now being contemplated at Garalo suggest the Company should bypass the previously reported initial 10,000oz per annum development scenario, instead bringing a larger +30,000oz per annum heap leach operation onstream from the shallow oxides and providing Contango cashflow from Garalo in late 2021. With an estimated profitability of circa US$1,000oz at current gold prices, this would enable not only capital returns to shareholders potentially as early as 2022, but also fund a comprehensive exploration campaign focussed on realising the asset's multi-million ounce potential.
"The Contango in-country team is continuing with detailed core re-logging and field geological and structural mapping and will shortly initiate further tighter line-spacing airborne and radiometric surveys, ahead of fast-tracking a modest confirmatory drilling programme before progressing with the development. As previously reported, this expanded development case is expected to be funded through non-equity finance either via regional banks and / or royalty providers.
Already all answered you just keep ignoring the replies and moving on.
You're the one being personal honesty. verify this claim/accusation of yours..
"All the facts I posted can be checked and verified however all you’re talk of this will multibaging soon is just ludicrous wishful thinking"
I haven't seen any posts from "rampers" claiming this will multibag soon? Haven't seen many posts at all actually apart from today?
Odd comment imo.
https://www.youtube.com/watch?v=ybC0d2BDc6A
Really think you should rewatch the latest vid interview HT.. Carl is not at all surprised at the market not taking their word for the resource being upgraded so much and goes on about it at length accepting they'll have to prove it up as they're doing.
https://www.youtube.com/watch?v=ybC0d2BDc6A
Calm down, all takes time pandemic not helping I'm sure slowing things up,update August I'm sure. Completion of the shaft and collection of the approximate 150 tonnes bulk sample is expected to take approximately 45 days. The bulk samples will then be transferred to Hwange, where it will be washed by the Potential Offtake Partner's plant before being run through its laboratory and coke batteries at the Potential Offtake Partner's cost.
Facts eh, always spoil a good conspiracy .
"The Financial Conduct Authority said today it has dropped an insider trading investigation into three hedge fund managers it arrested in February.
The three individuals were Tim Whyte and Carl Linderum, founding partners of hedge fund Lodestone Natural Resources, and Carl Esprey, at the time, a portfolio manager at GLG Partners. None of the three were ever charged with any crime.
A spokesman for the FCA said in a statement: "The FCA can confirm that three individuals arrested on 27 Feb 2013 are no longer under investigation."
Whyte said in a statement: "I am pleased that after a thorough investigation by the FCA I have been completely cleared of any inappropriate behaviour. Despite an extremely traumatic few months, I would like to thank the FCA for resolving the case quickly and clearing my name. I now look forward to drawing a line under the matter".
Linderum's lawyer Elizabeth Roberston, a partner at K&L Gates, said: "Carl is delighted the case has been dropped and feels that it's a reflection of the evidence that the case has been discontinued."
Esprey said in a statement: "I am delighted that having conducted a full investigation, the FCA have exonerated me of any inappropriate behaviour. From a very early stage I gave a full and comprehensive explanation to the FCA. I am grateful for the support of my friends and family through this very difficult time. I now look forward to getting on with my life with my name cleared and reputation intact."
"We were told coking off take would take 45 days it’s already been 75 days"
No we were told they had to employ a mining engineer and then with the help of the chinese I believe they would pick an area to test and that from there it would take 45 days.
Last RNS they stated they were looking forward to updating on how negotiations were going at lubu too rather than ops so as said expecting things to be slow there as advised in the RNS's just don't agree on they're a scam is all.
but not sure you can effect the sp if thats your aim. Its pretty tightly held by seemingly patient holders hence the few trades and they have no need to raise given the plans for debt and royalty funding of the gold assets so little for short traders to work with.