Member Info for granth81

Are you selling or holding once you get them?

I see some sable holders have received there shares over the weekend and today. Once they are cleared it’s the last hurdle before a big rise north.

There are no real obstacles after this. I know many are holding or adding but I suspect some will sell out of frustration

There is enough coal for 2 centuries, the assets are worth much more. Plus goal asset as well on top. This is massively undervalued

Go back 2 years ago, that’s when it was on the floor.

Think twice before you sell the second you get them, Cgo will probably go on a very good run as we approach Q4 and become profitable. It’s great to see you all getting some value back but your shares could double or triple in price in the next 3-4 months.

Good luck all

You’ll not see any fireworks from the board. They are simply getting on with the task at hand. We on the home straight now and just a matter of sitting on your hands and waiting for the weekly rises

I think they should sell off the gold and grow the coal operation.

I would expect 30p to get hit near term.

Offtake agreement could land anytime -

I think everything is bang on time this time. We will be cash generative 4th quarter and expecting the share price to start its climb very soon. Remember we was 10.5p before the last offtake

#cgo Only 55 trading sessions or so until q4

We will see the follow RNSs
-wash plant completion
-another offtake agreement or more
-first load from AtoZ offtakers
-first payment from offtakers
-start of coking battery build
-gold update

It is a very news rich period to be in CGO and we will start moving towards 10p very very soon. 20p plus by Xmas imo

It’s like the sellers has an unlimited pot of shares. Will buy more it it drops. Seller not done yet

Shouldn’t there be an RNS regarding the CLN today?!

EBITDA may also be used alongside the Enterprise Value of a company. Enterprise Value is calculated by looking at a company's market capitalisation, plus its debt, less its cash balances. It is a shorthand to judge the fair price of a company for a buyout or takeover. Lower EV/EBITDA values indicate a more compelling valuation for potential buyers, including traders.
The EBITDA ratio may also be used alongside the P/E ratio. This gives an indication of whether a company looks expensive relative to its current operating strength.
No single metric can tell you everything you need to know about a company’s valuation. Each needs to be looked at in its historical context, against a company’s peers and in combination with other metrics.

***for all new investors*** if you haven’t checked out CGO then you should. After bens creek went from 10p to 110p and 11 bagged which I called at 13p, this is the next big thing. CGO has just landed its first offtake agreement and another is just around the corner.

Current Share Price: 7p
Target Share Price: 30p in Q4 when 2nd offtake agreement lands

Offtake 1: 10,000 tonnes per month of washed coking coal
Sale Price: $120 Per Tonne
Profit: $40 Per Tonne
Revenue: $14.4 Million
EBITDA: $9.6 Million
Reserves: 1.6 Billion tonnes Met Coal / Thermal Coal ( company can run for centuries )

Offtake 2: in discussion

Also CGO has its Initial Modular coke Battery due to be installed in Q4 which will create even more revenue and expecting another offtake agreement to land for this also! Production will be up to 40,000 tonnes per year of raw coke with huge margins creating the below figures but I am expecting coke prices to go up even further.

Margin: $300 per tonne (should be much higher)
Ebitda 2022 - $10 million
PE of 5: $50m Market Cap
PE of 7: $70m Market Cap

In 2023 a further large battery will be installed and adds $45million Ebitda per year!

PE5 $285 million Market Cap 2023
PE7 $399 million Market Cap 2023

This is obviously excluding value of gold asset and also hugely increased coking coal and coke prices.

The figures are frightening, not only over the next 6 months but also over the next 5 years. You could be looking at a share that can 20 bag over the next 3 years or so.

CGO will the grow the Coal side of the business organically and without dilution or debt. People are forgetting that the Gold Asset in Mali is also worth a fortune. Currently sitting at 500,000 ozs confirmed and another 1.5 million ozs PLUS predicted. Go and find me another near term producer with such world class reserves as CGO with a market cap below 20 million. There are not many at all.

I have a very good sized holding here, probably much more than any investor should put in a single Small cap stock, however i have a very strong feeling that we will be well over 20p come December.

With more offtakes around the corner this company is now almost 100% de-risked. Wash plant is already being built and crushers installed.

Genghis from my observation you should not be investing. You are a nervous wreck.