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Yes there is lots of thermal too…. But met / coking coal is what we want…. It’s in a massive basin so enough met coal for 2 life times or more…. The next 12 months here are going to be incredible. A bit more volume today and we go blue.
CGO is just 7.4p now should be multiples higher in a matter of weeks / 60 days. It has already moved 15% in last 2 days. And its going to keep going.Contango holdings will be producing met coal in just 60 days- up to 500% share price upside in less than 2 months in my opinion - production starts in less than 60 days which is massive. CEO said last year in March earnings would be $12m PA on our met coal asset and that was before coal TREBLED in price.This could do 500% in no time. We have enough coal to run for centuries!! Around 1.6 billion tonnes of coking coal in the ground.This is not including income from our Coking batteries which are starting to be installed in April this year! We also have our gold assets which are not even factored in!! An RNS could land any minute in thisIncredible value here! You have seen what Ben’s creek did, now it’s time for #cgo to do the same. Buy at the bottom and watch this rise.
25p is still too cheap here. This is just the beginning. Buy your position and sit on your hands and you’ll be rewarded massively in just 60 days time…. This share price is only going north now.
This is bens creek mark 2 but with bigger assets and also 2 gold assets in Mali.
The market truly doesn’t understand how undervalued this is. Load up and fill your boots.
A while since I have posted but here you all are.
Catalysts due:
Wash Plant / Fully Functional - Jan 2022
Rail Road Maintenance - Jan 2022
First Load Out / Train Leaving - Mid Feb
Second Stage Payment / profit payment - Mid Feb
Expected Second High Wall Miner Early Q2 2022
EBITDA @ $275 per tonne
Q1 2022 - $0
Q2 2022 - $72,000,000
Q3 2022 - $144,000,000 (2nd high wall miner commissioned)
Q4 2022 - $144,000,000
Market cap @ pe 4 ratio = £429 million working on the basis at dollar 1.34 conversion
Share price could possible be £1.19 a share end of Q4 2022 however this does not take into consideration higher coal prices, further acquisitions, land lease agreements, 3rd high wall miner and purchasing more mines with infrastructure. £1.50 a share is possible with the right sentiment and right acquisitions
I think £1 a share will happen by 3rd / 4th quarter 2022 regardless
I hope this helps
My take on what’s coming:
Strong News Flow Q1 2022 with first train load expected to leave in Feb 2022 with profit payment to follow shortly after. Adam Wilson said 'Everything is ahead or on schedule' so no delays expected other than train line repairs which could be delay things an extra 14 days. However additional man power has been put onto the train line repairs to speed up the process. Second highwall miner expected to be organised for Q2 2022 with additional aquisitions in neighbouring areas to be landed in 2022
*** new investors must listen to this ***
You will see why this will Multibag near term.
https://audioboom.com/posts/8000967-midweek-takeaway-with-carl-esprey-ceo-of-contango-holdings-lse-cgo
Show me another company with this much potential in the near term. A Fortune 500 company is about to take us to a fully funded position imminently. This could be one of the quickest 100% baggers you’ll get in your PF near term. STRONG BUY.
https://audioboom.com/posts/8000967-midweek-takeaway-with-carl-esprey-ceo-of-contango-holdings-lse-cgo
400% - 500% up from here in 90 days I would guess
Hi all not been about much lately. Slow and steady to £1 a share by April. So much more to come here. Life changing profit to be made here on your investment if you hold long enough.
Good luck buying in the morning