Indeed a barmy value disconnect given CGO may be what 3months behind BEN on coal production and CGO have a resource size literally 20x that of BEN plus 2m Oz gold potential...
needs to deliver, his reputation is 100% on the line here and although shareholders are quiet we are watching very closely... I hope he isnt too comfy
encouraging price action at least. GLA, lets hope these offtakes land... they are going to need to land imminently if they want to start production beginning Q1 2022....
Remember what Carl said in last coal update " I look forward to providing further updates on our progress in the current quarter, ahead of our transition into a producer early next quarter."
giving it till year end myself... easy 200%+ upside vs very limited downside from here at this level
encouraging! More of those please and this could snowball
quite amazing isnt it... im sitting on a monumental size loss here after supporting this company in its fundraise over double this current price, that doesnt matter really as im just so pleased to see them happy smiling having dinner.
Quite amazing if you overlay the crude oil price chart with the ADME chart to really show what a spiffing job Osa and his team have done here the past 12months. Commendable stuff definitely warrants the celebrations
https://twitter.com/ADMEPLC/status/1458072370929930246?s=20
Nice to know all the money myself and other shareholders gave this company is being put to good use....
Time to deliver something
agree Steven we need to see Carl deliver on these offtakes now
its a blend of the 3p warrants and 5p warrants
next week the forward selling of remaining warrants stops... so hopefully SP starts to equalise higher.
2Moz gold resource to be proven up and 2billion ton Tier one Coal asset going in to near term production is valued at £17m... crazy.
Reads very well to me!
· Airborne magnetics have confirmed that Garalo-Ntiela Project hosts similar tectonic structures, which support a number of multi-million ounce deposits in the region
· Two prominent structures have been confirmed, running NE-SW and NW-SE, along with a new 'dome' structure in the north-west corner
· Drilling to commence on G1 and G3 structures Q4 2021, targeting NI 43-101 Resource of up to 2Moz
· Near term production scenario continues to be optimised
Contango Holdings Plc, the London listed natural resource development company, is pleased to provide an update on recent activities at the Garalo-Ntiela Gold Project Area ('the Project') in Southern Mali.
Aeromagnetics and airborne geophysics for the collection of magnetic and radiometric data has been completed and analysed, with the objective of informing direct mine planning activities and supporting the Project's accelerated development into production. These studies have built on the existing drill data on the Project, the basis for the March 2021 NI 43-101 Independent Technical Report, which highlighted the potential for the Garalo licence to host a 2Moz Resource.
The survey also targeted some untested areas within the Project area, particularly at Ntiela where exploration work earlier in 2021 yielded very encouraging results. The Company believes the results of the survey reconfirm the expected extensions of the G1 and G3 deposits, the main targets used to support the potential 2Moz resource.
The Company will now focus on a short but targeted drilling campaign on the G1 and G3 deposits to test interpretations to depth alongside infill drilling, to support a formal enhanced NI 43-101 Resource Report.
The expectation remains that Garalo-Ntiela will merit the development of a processing hub capable of supporting multiple open pit operations given the excellent proximal infrastructure, historical exploration and the orebody's near surface location. However, the Company is continuing to focus and refine its plans for a smaller standalone 30,000oz per annum heap leach gold operation, which is expected to generate significant cashflow for a modest CAPEX requirement.
Carl Esprey, Chief Executive Officer of Contango Holdings, said: "The aeromagnetic and airborne geophysics work conducted during 2021 has reinforced our belief in the potential of the Garalo-Ntiela Gold Project to be developed into a profitable gold mine. Indeed, the results from the G1 target clearly demonstrate geological similarities to nearby producing mines.
"This recent programme was devised to provide valuable geotechnical data to direct our broader mine planning activities, whilst also providing further information to support a proposed initial 30,000oz per annum heap leach gold operation. The positive results have led us to embark on additional exploration with the objective of defining a 2Moz resource as indicated in the NI 43-101 Independent Technical R
Thanks, seems like you have done the best enquiries that you can by going to JP Morgan and getting them to investigate. Will you post your findings on here if you hear back from them?
Warrants are 5p I think... Im very much looking forward to next week when the holders can no longer forward sell for 40% profit dragging the SP like they have been doing
hard to say, either way its a big trade and there needs to have been someone on the other side matching it... if that £2m was a buy then the seller in the background has a huge chunk
nibbled a few here first thing, its pulled back from underwhelming results (although still say hitting yearly guidance), I think Juanicipio coming online later this Q is a solid catalyst plus wanting some #silver exposure back as think PMs are due a move at some point
disagree personally.. the book has a seller squashing it and that trade explains the price action the past few days
delayed... hopefully thats the overhang gone
I guess the director (Groves) could be selling the stake in CGO very gradually to pay himself a salary/Dividends unbeknown to shareholders and his aim could be to bleed the cash out this way very slowly over time?
Another route could be contacting all the significant shareholders that were in Sable mining and see what information they have?
you ever thought of seeking legal advice? I have no expertise in the field of when a public company goes private and what happens to the shareholders rights. Im assuming you will still hold your %stake in the company, its really what power does management have to strip the company assets out if no one shareholder holds a majority stake in the company?
I guess it all comes down to how much capital you have locked up here vs the amount of money and effort it will take for you to investigate via legal advice.... again sorry to hear of your pain. I hope and think CGO should come good and hope you can get your value back out in due course!