Member Info for EarlofAim

Auc1

like I said Glencore would love to buy $1.65Billion worth of Zinc resources for $40M, easy, the only thing standing between Arkle and Glencore is the greedy Group Eleven who wants more.

hence group eleven wants to expand the resource like GGP done with gold.

Auc1

Stonepark is worth multi million dollars even if it sells today, I'm sure Glencore wanted to buy, but maybe Stonepark major holders group eleven of Canada wants to sell it higher price, but to say Stonepark is worth nothing in ludicrous and somewhat libelous.

in the ground assets do have value, look at GGP for God Sake.

OK, is this accurate?

5m tonnes of Zinc at 11% grade
zinc per tonne c$3000

thats huge $1.65Billion

Glencore needs to drill some 400M to reach it's first Zinc, however next door neighbour to Glencore is Stonepark which ArkleResources has some 24%, it's Zinc starts around 100m.
so really Glencore could buy Arke resources.

5m tonnes of Zinc at 11% grade
zinc per tonne c$3000

thats huge $1.65Billion
wow!!!!!

some one twitt er posted £40M for Stonepark.

just seen 1 code printed. Update should be coming any day now.

GLA and Dyor

under the radar and undervalued company!

uog was 5p when Brent was $60. Issue

Brent at $81 . SP should revert quickly to 6p

#uog was 5p when Brent was $60. Issue

Brent at $81 . SP should revert quickly to 6p

Achilles

:) watching how this Unfolds, especially what this License achieves

:)

Achilles
thanks for reminding that huge revenue means nothing if it can't be profitable.

GST rns reminded me of MBO Rns, hence I asked the question.

not bitter,

Achilles

stop making stuff about MBO, I didn't post for weeks, I only posted after the Rns, then realised the profit is low compared to the revenue, hence I am questioning about today's RNS.

I anyway GL

looks like something is coming, Rns?

what would License do to GST? 30 I mean revenue of £64M and profit of only £69,000, what would this License do?

OK another £100M revenue maybe? 30 then again on forex what's the margin or profitability on that?

I'm I missing something here, please do enlighten me.

£64M revenue and only £69,000 profit, that's poor, very poor.

 

Carl Esprey, Chief Executive Officer of Contango Holdings, said: "Discussions with the Potential Offtake Partner continue to progress well, and I am pleased we have now reached a clear path to enable formal offtake agreements to be entered into. Our potential partner is one of the largest companies in Zimbabwe and its parent company is one of the largest steel producers in the world. The synergies between us are evident and I have every belief that upon completion of this brief and low-cost test work we will be able to enter a mutual and highly beneficial arrangement.

As previously reported the Potential Offtake Partner has a sizeable footprint in Zimbabwe, with plans to construct a US$1bn carbon steel plant in the country and is currently in the process of constructing several coke batteries in the Hwange region of Zimbabwe

OContango Holdings Plc ('Contango' or the 'Company')

25 August 2021

Statement Regarding Share Price

 

Contango Holdings Plc, the London listed natural resource development company, notes the recent share price movement and press commentary with respect to a potential offtake deal with Afrochine, the Zimbabwean subsidiary of Tsingshan Group. Non-Disclosure Agreements limit Contango's ability to directly comment on individual discussions but the Company can confirm it is in discussions with two of the largest stainless-steel producers in the world, as well as several other interested parties, and expects to be in a position to provide a full update in the near term.

-

As previously reported the Potential Offtake Partner has a sizeable footprint in Zimbabwe, with plans to construct a US$1bn carbon steel plant in the country and is currently in the process of constructing several coke batteries in the Hwange region of Zimbabwe.

 

Contango is pleased to advise a productive site visit recently took place at Lubu with senior members of the Potential Offtake Partner in attendance. Since the site visit discussions have continued to make good progress, with an agreement now reached between Contango and the Potential Offtake Partner on the next steps to advance the Project.

 

Contango will now focus on extracting bulk samples of the high value coking and metallurgical coals found in the 1A Lower and MSU seams. Although close to surface, this will be treated as an underground operation, like those previously mined around Hwange Colliery, enabling the Company to focus specifically on the high value product of particular interest to the Potential Offtake Partner for its newly built coke batteries, expected to be commissioned later this month.

 

Given the increasing likelihood of a positive outcome with the Potential Offtake Partner, Contango will shortly approve the appointment of a mining engineer, who will be charged with identifying the best areas for underground mining, specifically looking at fresh coal characteristics and strength importance, needed to determine mine depth cut-off. In addition, liaising with Contango's technical team, the engineer will also help select the best excavation position for a 4m x 4m shaft, from which the bulk sample will be taken.

 

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.

 

Contango are on a mission to realise Lubu Project which has coal, which is worth hundreds of billion dollars.

look at #EUA Eurasia Mining, back in 2018 it had £17M Mcap (similar to CGO), however EUA luck changed because there was a deal in Canada, a company bought a Palladium resource company for around $600M. Upon that EUA assaigned two Chinese Banks to sell EUA resource (which was c£28Billion) the moral of the story is
Contango have coal resource in excess of £400 Billion, and Say Chinese steel makes, Afrochine or the Government of China to come with an offer, then CGO Mcap won't stay at £17m, it could fetch few billions, yes few billions because of the size and quality of the resource.

No matter what happens with thermal coal around the world, Coking Coal has no substitute or alternative to make steel.

and around the world China are the leading nation when producing steel is concerned.

Contango are on a mission to realise Lubu Project which is has coal, which is worth hundreds of billion dollars.

look at #EUA Eurasia Mining, back in 2018 it had £17M Mcap (similar to CGO), however EUA luck changed because there was a deal in Canada, a company bought a Palladium resource company for around $600M. Upon that EUA assaigned two Chinese Banks to sell EUA resource (which was c£28Billion) 2020, the moral of the story is
Contango have coal resource in excess of £400 Billion, and Say Chinese steel makes, Afrochine or the Government of China to come with a buying offer, then CGO Mcap won't stay at £17m, it could fetch few billions, yes few billions because of the size and quality of the resource.

No matter what happens with thermal coal around the world, Coking Coal has no substitute or alternative to make steel.

and around the world China are the leading nation when producing steel is concerned.

luckyorange
thanks for the summary on Contango and Consolidated Growth Holdings CGH query.