Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.
Been buying here, price at lows when gas price is at highs. Seems an obvious one....
Should be some very nice Q3 profit numbers going off of this:
https://youtu.be/Kt3CQvZNuDc?t=607
and another day closer to our long awaited news.
Coal is THE place to be.. someone just needs to tell the AIM market that ;) Fireworks here soon IMO
bought in here, feels like this one is ready to move... BTC certainly is!
Contango dont have debt, as the £1m zero interest loan note provided by the directors at 6p is converted in to equity next year.
Also £500k+ and counting have come in from the warrants being exercised.
The directors /large holders are self financing this company in a supportive manner which is very rare to find on AIM.
Sadly these newbie traders expect a bag overnight, dont understand what they bought in the first place then sell at a loss two days later when it doesnt move. Theyre getting taken to the cleaners at the moment
are the place to be to preserve wealth against inflation and Coal and Gold two of the best commods, with Coal at ATHs and Gold a safe haven im amazed that people are selling this down here to go to cash... to me its ludicrous.
Cash really is proving itself to be trash given huge price rises we're seeing globally. Scary times for those with loads stashed in the banks
Lovely stuff.
To me best op on AIM at the moment here given whats happened to coal prices past few months.
Coking coal prices at ATHs, sitting on one of largest coal assets in Africa. Update on offtake discussions with worlds largest stainless steel producer imminent. Projected profit margins up 3-5x since coal price rise not yet factored by market
News on Gold results imminent + its path to near term production
Yep warrants expire end of Oct so some warrant holders are clearly just dumping in to no volume.. numpties
Assume company is holding back news until they're done.
well done all
Can also buy on iii from a browser (not the app). Just put in the GROC ticker nothing will appear in the drop down but you will still get quotes to buy
by my calcs at 50k tpm (offtake quantum Carl alluded to in last podcast interview) at $230/t coking coal price and $15/t cost would yield $90m FCF per year net to CGO's 70% stake(!)
nice article luckyorange, couldn't dream of a better time to be closing major offtake deals. Stars aligning here perfectly.
https://twitter.com/MlSTER__X/status/1437696718607425538?s=20
https://twitter.com/ContangoPlc/status/1437687561506287616?s=20
Good to see more cottoning on to huge upside on offer here with big near term catalysts
indeed luckyorange... do you feel like the cat that got the cream? because I do! cant believe the market is sleeping here. Tbh its not until I crunched the numbers that ive comprehended in my mind the sheer size of the Coal asset alone. Its literally an order of magnitude larger than I thought and I thought it was massive in the first place lol
The current ATH coking coal prices havent been factored by the market what so ever, added to the fact we could likely land larger offtake(s) than the 30ktpm.. and what perfect timing aligning when offtakes are due.
caveat is these are very fag pack calculations but it gives a rough idea
also worth noting from the sheer size of the resource they could feasibly organically grow production to 10x that of the 50,000tpm and still have many decades of mine life....
Total pre tax cashflow potential over LOM is some £33billion net to CGO!
for reference the coal production cost I got from slide 16 here: https://contango-holdings-plc.co.uk/wp-content/uploads/2021/02/CONTANGO-_-121-Mining-Investment.pdf
Historically CGO was targetting 30,000tpm offtakes at $15/t mining cost selling for $60/t
This is to throw off 30,000 x (60-15) = $1.35m Profit per month or £1m
Where this gets interesting is we know the price of Coking coal is at all time highs and selling for $400/t in China currently! Surprise surprise that its the Chinese major steel manufacturers that CGO are in discussions for offtakes with! I wonder why theyre so interested... lol
Even if we take a conservative $120/t the numbers get mouth watering.
In the latest podcast interview Carl did here: https://omny.fm/shows/dig-deep-the-mining-podcast/coking-coal-mining-in-zimbabwe-and-gold-mining-in
Carl states theyre looking initially in the order of 50,000tpm offtakes (higher than 30,000 in original calculation).
If we run these numbers through the calcs we get:
50,000 x (120-15) = $5.25m profit per month or £3.8m profit per month
Thats a potential £46m pre tax free cash flow per year from the coal alone and what more riduclous is at 50,000tpm production rate, the Life of Mine (600million tons coking coal) is 1000years! Gives you some idea of the elephant of a resource theyre sitting on.
So net to CGOs 70% share thats £33m per year EBITDA at a pretty conservative coal price vs current prices!
Apply a forward PE of 5 gives you £165m vs current Mcap of £16.5m which is a 10x potential upside from here on the coal alone not even taking in to account the gold..
Nick I dont do Telegram, any chance you can share the link to your note on here?