Member Info for Early_Bird

https://omny.fm/shows/dig-deep-the-mining-podcast/coking-coal-mining-in-zimbabwe-and-gold-mining-in

few months old but nice overview here. Exciting times.

(They drop the advertised bid but not actual bid)

MMs drop the bid to try and shake sellers to collect cheap stock

just seen a -7.1m trade too so not sure if thats a transfer of stock? or between MMs

surely has to be a buy given there hasnt been the volume over 7p to fill a sell of that size. Encouraging

KSH thanks for your concern but judging by your posting history you arent invested here nor have been investing for long.

CGO ticks a lot of boxes down here given directors take probably the tiniest salaries out of any small cap I can see, they hold significant % of the company and self fund it.

The Coal resource is a genuine proven asset which has had over $20m put in to it alone, thats now consolidated by the fact we now know two of the worlds largest steel manufacturers are in discussions for offtakes.

Then there is a nearterm production gold asset in a hot postcode, hopefully news soon on this as production guidance is Q4.

Directors are non rampy, dont do much PR at all and are just delivering behind the scenes with the aim of paying dividends from cashflow as soon as they can (as they are aligned to us!).

Companies where you need to look for red flags are ones where directors have no % holding, pay themseleves huge salaries, constantly trying to spin some yarn or PR and are constantly chasing the next hot topic to get some BS story away in order to excite the market enough to get another placing away which then pays their huge salaries for another 6months, rinse repeat... CGO is totally different gravy to these lifestyle stocks which form probably the majority of AIM.

LSE BB up the spout made me type my post out twice as the first one wasnt showing initially. Apologies.

Yesterdays update very reassuring it clearly indicates interest is there from super major steel companies, more than one too! can see a pretty easy clear path to 5x this year, yesterdays update provides huge reassurance that offtakes (from super majors) are incoming. These will be totally game changing, production on both the gold and coking coal due this year, cashflows dwarf current Mcap.

Meanwhile elsewhere on AIM you have companies valued bags higher with no proven resources and nothing other than yarn being spun.

Here directors pay themselves hardly any salary historically and support the company by funding it with their own cash hence they are aligned with shareholders. Amazed the market isnt lapping it up yet but it will do, been here many times with companies. The herd will prefer to pay 10p+. Research and patience as always.

yesterdays update essentially confirms the demand from tier one global steel companies for CGO's coal, thats huge especially for this tiny £16m Mcap microcap.

On AIM you have companies valued higher than CGO who dont even have a proven resource on anything other than yarn being spun, here you have two assets in the coking coal and gold, both near production with the coal one being one of the largest coking coal deposits in Africa... the directors here pay themselevs less than £100k combined and self fund the company... im amazed the market isnt lapping it up down here but It will be when those headline offtakes land and the cashflow starts rolling in.

5x this year here IMO

more recent:

http://www.sxcoal.com/news/4633810/info/en

"China's #coking #coal prices continued to surge on Aug 24, fueled by persistent short domestic supply and the likelihood of weak supplementary supplies from Mongolia in the short run. #Coke prices hit an all-time high after the 6th uptick. "

which also has to strengthen our position

"China's #coking #coal prices notched new highs on Aug 17 after a strong increase and the momentum is expected to continue this week, as #supply pressure is likely to remain"

https://twitter.com/sxcoal/status/1427831378696155136?s=20

can see new highs this week (10p+) as speculation builds as we know a meaty update is coming in "the near term"

second highest volume day on record here with 2+ hours of trading to go, bodes well

Lubu Coal project is one of the largest (if not the largest) in Southern Africa, $billions potential in the ground value/rev potential over LOM.. so value of that vs £15m Mcap is surely attractive to one of these steel giants to just swallow it up for a nice cash offer.

upside so mouthwatering here im just sat with a huge grin :-D and then we have the gold asset on top.

potential for a straight cash offer from one of these two steel giants? Nice to have multiple ones in discussions

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.

haha lovely!

Also reassuring that the management team are fully aligned and self finance the company so no spivvy lowball placings etc.

Combined annual salary for all directors put together less than £100k!

Market still hasnt grasped the projected cashflows from CGO's two near term cashflow producing assets because if it had this wouldnt be trading anywhere near £15m Mcap..

I think this coking coal offtake landing with worlds largest steel manufacturer will be the point the penny drops here and the real re rate begins.

This is still valued less than what CGO paid for the Coking Coal asset a few years back ($20m!)... and yet now we are well advanced and also have near term production gold asset too!

have taken a position here in the 80s think 120p placing level a good first target next 2-4weeks

very excited about this stock, amazed at the drip sellers but I think most are just doing so out of boredom right at the point where the meaty newsflow is due.

Can see this trading 3-5x this price should the coal offtake land and gold production commences on schedule Q4.