Member Info for EbbsandFlows

Chinese companies working with Cantango are "Afrochine Smelting" and "Dinson Holdings.

https://www.business-humanrights.org/en/latest-news/zimbabwe-claims-that-binga-villagers-have-been-evicted-by-chinese-company-untrue-as-monaf-investments-is-british-owned-journalist-shows/

Probably explains why they aren't getting any more offtake agreements announced with the Chinese.

http://zw.china-embassy.gov.cn/eng/sszx/

I think its to do with setting.

You can only do the "pee" thing in one setting, you can do the new test anywhere you choose too?

I remember the wife used to go to the toliet and come back up set, until the time she came back smiling.

Now just imagine if your getting that result and not having to be in the toliet alone?

I think thats where the real charm of this come in. espically for the ladies who come out of upset, time after time after time.

He told the market that production and stockpiling started back on 30 March 2022

Hence the market no longer trusts him.

30 March 2022

Contango Holdings Plc

('Contango' or the 'Company')

Production Commences at the Lubu Coking Coal Project

Contango Holdings Plc, the London listed natural resource development company developing the Lubu Coking Coal Project in Zimbabwe ('Lubu') and the Garalo-Ntiela Gold Project in Mali ('Garalo-Ntiela'), is pleased to confirm that production commenced at the Lubu site on 29 March 2022.

Production is underway on Block 2, which was selected given the high-quality coking coal found at that location and its proximity to surface. Studies have defined an estimated 96Mt of coking coal within Block 2, which forms part of the broader Lubu complex, where an estimated 1.25 billion tonne Indicated and Inferred resource has been identified to NI 43-101 levels.

The Company is targeting an initial stabilised mining rate of 5,000 tonnes per month. As previously reported, Contango will stockpile production during Q2 2022 pending the installation of the wash plant in the same period, thereby providing sufficient feedstock to ensure continuity of supply. Work continues to prepare the site for the installation of the crushing unit, wash plant and associated infrastructure. Following the installation of the wash plant the Company expects to sell washed coking coal to regional buyers as well as exporting to South Africa, where the Company has held recent discussions with interested parties.

He told the market that production and stockpiling started back on 30 March 2022

Hence the market no longer trusts him.

30 March 2022

Contango Holdings Plc

('Contango' or the 'Company')

Production Commences at the Lubu Coking Coal Project

Contango Holdings Plc, the London listed natural resource development company developing the Lubu Coking Coal Project in Zimbabwe ('Lubu') and the Garalo-Ntiela Gold Project in Mali ('Garalo-Ntiela'), is pleased to confirm that production commenced at the Lubu site on 29 March 2022.

Production is underway on Block 2, which was selected given the high-quality coking coal found at that location and its proximity to surface. Studies have defined an estimated 96Mt of coking coal within Block 2, which forms part of the broader Lubu complex, where an estimated 1.25 billion tonne Indicated and Inferred resource has been identified to NI 43-101 levels.

The Company is targeting an initial stabilised mining rate of 5,000 tonnes per month. As previously reported, Contango will stockpile production during Q2 2022 pending the installation of the wash plant in the same period, thereby providing sufficient feedstock to ensure continuity of supply. Work continues to prepare the site for the installation of the crushing unit, wash plant and associated infrastructure. Following the installation of the wash plant the Company expects to sell washed coking coal to regional buyers as well as exporting to South Africa, where the Company has held recent discussions with interested parties.

He told the market that production and stockpiling started back on 30 March 2022

Hence the market no longer trusts him.

30 March 2022

Contango Holdings Plc

('Contango' or the 'Company')

Production Commences at the Lubu Coking Coal Project

Contango Holdings Plc, the London listed natural resource development company developing the Lubu Coking Coal Project in Zimbabwe ('Lubu') and the Garalo-Ntiela Gold Project in Mali ('Garalo-Ntiela'), is pleased to confirm that production commenced at the Lubu site on 29 March 2022.

Production is underway on Block 2, which was selected given the high-quality coking coal found at that location and its proximity to surface. Studies have defined an estimated 96Mt of coking coal within Block 2, which forms part of the broader Lubu complex, where an estimated 1.25 billion tonne Indicated and Inferred resource has been identified to NI 43-101 levels.

The Company is targeting an initial stabilised mining rate of 5,000 tonnes per month. As previously reported, Contango will stockpile production during Q2 2022 pending the installation of the wash plant in the same period, thereby providing sufficient feedstock to ensure continuity of supply. Work continues to prepare the site for the installation of the crushing unit, wash plant and associated infrastructure. Following the installation of the wash plant the Company expects to sell washed coking coal to regional buyers as well as exporting to South Africa, where the Company has held recent discussions with interested parties.

He told the market that production and stockpiling started back on 30 March 2022

Hence the market no longer trusts him.

30 March 2022

Contango Holdings Plc

('Contango' or the 'Company')

Production Commences at the Lubu Coking Coal Project

Contango Holdings Plc, the London listed natural resource development company developing the Lubu Coking Coal Project in Zimbabwe ('Lubu') and the Garalo-Ntiela Gold Project in Mali ('Garalo-Ntiela'), is pleased to confirm that production commenced at the Lubu site on 29 March 2022.

Production is underway on Block 2, which was selected given the high-quality coking coal found at that location and its proximity to surface. Studies have defined an estimated 96Mt of coking coal within Block 2, which forms part of the broader Lubu complex, where an estimated 1.25 billion tonne Indicated and Inferred resource has been identified to NI 43-101 levels.

The Company is targeting an initial stabilised mining rate of 5,000 tonnes per month. As previously reported, Contango will stockpile production during Q2 2022 pending the installation of the wash plant in the same period, thereby providing sufficient feedstock to ensure continuity of supply. Work continues to prepare the site for the installation of the crushing unit, wash plant and associated infrastructure. Following the installation of the wash plant the Company expects to sell washed coking coal to regional buyers as well as exporting to South Africa, where the Company has held recent discussions with interested parties.

The market has no trust left in the CEO after all of the untrues told over the last 18 months.

Time for a new CEO to take us forward

Allegedly. Looks like zero people are buying into this story after so many failures by the CEO in the past. He still can’t even update his own website with his alleged role for Contango. He’s still telling the world he’s CEO of Botanical Holdings, his Linked In profile is more focused on telling the world about Botanical Holdings. His Twitter feed is just about Botanical Holdings.

How serious is the CEO about this company, judging by the above 1-minute research on Google, he doesn’t give a dam about it. Hence why we have no updated on any other off take agreements other than the single, mates deal to help the company rinse more money in.

Relocation of the households from the mine site provides a larger footprint for the mine and operations to meet heightened demand???? And smile.

whats been discountinued?

Discontinued operations – the only line not worthy of an explanation? I wonder why?

Shareholders where being told by the CEO that we had the Gold Standard / World Beating / The only issue will be manufacturing, best test int eh world etc etc etc

Turns out, our test however was just like Ratner’s jewellery, hence why it’s never been approved.

https://www.gov.uk/government/publications/coronavirus-test-device-approvals-ctda-statutory-review-of-process/statutory-review-of-the-coronavirus-test-device-approvals-ctda-process

The mood music from the CEO is very similar again, let’s hope we get a different outcome.

especially for one 10k contract.......

Yet again fails to meet his own deadline.

But don’t worry, the inner circle where able to sell before this became known to the rest of us.

I think some people have already been told the news. Its just us PI that are left waiting.

What will it be.

Broken / missing equipment?

Discovery of a unknow sensitive site – ancient tribal burial area? That halts production.

Bad weather?

Off take partner walking away for the contract due to the 2yr delay in actual getting the mine up and running?

Strike by workers wanting more money.

Investigation due to pass *** being paid to officials (A Sable mining classic)

Very few people trust that first revenue will be achived in the next 10 days.

The CEO said we where going to reach this point 2+ years ago.

Trust takes a long time to build and can be quickly destroyed - our CEO is an expert at the latter

Just seen the video on Twitter, so we can now mine 1,000k an hour but have one commercial agreement sign for just 10k a month. Well I hope the intention is to run that machine for more than one day a month!
Surely something massive is going to land here very soon?

Good job I can read, I read this on an RNS on the 21st Jan 2021

Carl Esprey, Executive Director of Contango Holdings, said: "Our Lubu Project is advancing well ahead of the unveiling of the first open pit next month. I must commend the hard work and dedication of our on-site team in Zimbabwe who has persevered through pandemic adversity with relatively modest disruption to the planned development schedule.
"Our offtake negotiations continue to progress well and the opening of the pit in the next few weeks will allow these discussions to be finalised. Conversion of the existing signed LOIs into formal offtake contracts is expected to generate +US$1M of EBIT per month. Clearly any additional contracts, either for coking coal or coke, would further boost this figure.

In the last 2 years and 2 months exactly how many offtake agreements has he confirmed?

Have we made the expected 26 million pounds?

If you Google Carl Esprey is he know online as the CEO of running a credible coal and gold mine in Africa? Or is his online present build round being the CEO of Botanical Holdings and cannabis company?

In less than 4 weeks we will me making money – I am not holding my breath.