Member Info for headder

And as a capable, competent and forward thinking investor, if I was to offer to buy your shares off of you, NOW and not in the next few weeks or at the end of the year, what sort of price would you be expecting considering the risk and upside? 25p?

I'm a bit perplexed too, am I right in thinking only ii's have to disclose short positions? It looks a bit shorted to me, I mean, just speculation here but if you didn't have to disclose a short position and were a big whale with lots of shares then it would be so easy on a small volume traded stock like this to beat it down and get richer on your short.
JJust a bit paranoid I suppose........

And me, I'm hoping for dividends, just saying the project valuation before it's built and once only permits are in place is huge
and in demand.

Not saying it's for sale but if the mining licence is granted, then it's going to be worth a lot of money, think they could easily get £100M just for the paper permits, base resources is looking for other projects as it's only producing project will be depleted in 2 years. Just saying.

Seems to be a cup and handle developing so i'm expecting a break out prior to something. Considering potential upside and how near term the cash flows will be assuming the mining licence gets granted it all depends on whether the management can get the offtake they are looking for to facilitate what I think could be, as stated in the interview, debt finance instead of a straight up share placing but can the management pull it off well and how many warrants will be attached?

Obviously taking longer for the drill results IMO. If we do see 7's will be on low volume still, all the ii's that sold out went months ago imo as their IPO price was 12p and any others that picked up shares were doing so on the way down.

Loaded up for a dead cat bounce in the morning anyone?!

| (4p)
\_/\ (a little dead cat bounce bounce)
\______ (0.2p after a few months)

Stop whining about dilution. Yes, was a painful dilution, but how did you get your shares anyway if not through the process of warrant sales anyway. Clearly your just angry you didn't buy yours last. Makes you a bit of a selfish hippocrit in my view. Thought his pizza meal was going to be a big slice of a small pizza, not a smaller piece of an even bigger pizza with other people at the table, blah blah blah, get over it. I'm just happy the company is past that phase now, didn't fully understand the risk contingencies of how it was all going to play out myself either but the original thesis of investing in a turning around mine is still intact so I'm not going to whine about not getting an even bigger return than I thought I was or that I didn't buy at the bottom. End of.

Looks like a lot of crying over valuation of the near term share price to me.
You know what the companies goal is; get to 1350tpd and evaluate expansion opportunities from that base.
For all I know, once 1350tpd is reached and the 12% loan is paid off, the company would qualify for another 3% loan to develope ther assets into a 4000tpd producer over the next 5-6 years.
That's probably what they want to do, to make themselves a lot of money, with the knowledge that 10% of their investors are cry babies.
Bye

I'd expect him to grant himself some performance options once things start going well. You have to think if he's not going to be a part of the Chinese offshore steel enterprise then he is holding something up his sleeve on that front and not just clutching at straws so to say. I do anyway.
Would take some pretty supprising drill results to move the share price meaningfully higher for more than a week though I think. Multiple intersections of around 10M @ circa 10g/t from a drill campaign is what attracts real fans and makes people day dreamers of companies and I think we'll get the 10M intersections, but it won't be a dream.

https://www.engineeringnews.co.za/article/contango-sees-potential-to-develop-larger-than-expected-operation-in-mali-2020-12-15
I'm not an expert or anything but I expect they are hoping to find some economic veins at depth? The deposit differs from the Kalana deposit by not being 1.6 g/t at surface and split between different licences.....

https://newzwire.live/uk-firm-opens-talks-with-potential-coal-buyers-targets-new-mine-production-within-6-months/
Anyone else think that the coal will be sold through the coalzim trading hub? Initial production numbers match with their letter of intent, assuming the price matches the met coal high volume b then could be, fob, circa 300$/T!?