Member Info for Korriban

Not a good comparison in my opinion.

Look at Zimbabwe what it's trying to achieve. Up it's countries rating for things like borrowing power.

To achieve this they set out a plan from 2021-2025 to increase its economic output & power thus hopefully increasing its nations rating.

In order to achieve this Zimbabwe has elected to go big on coal. Other minerals like nickel have also been given licence to help their economy, steel & concrete.

Tshinghan who operate in Zimbabwe ($2bn spend to date) have agreed to increase its steel capacity from 600k tonnes per annum to 5m tonnes per annum by 2025.

The Q is how can they do this & appease the ministers of Zimbabwe & achieve this goal within timeline.

Buy coal from suppliers, if so are Contango the only supplier? or are their various suppliers? To be honest I've only ever heard Contango.

If it is only Contango can they ramp up production to meet the extra 4.4m tonnes Tshinghan require to produce.

If not then is it easier for all parties involved that Tshinghan through one of its three Zimbabwe subsidiary companies buys out CGO coal business as they have the funds to ramp up production far quicker.

These are the sort of questions I'd be asking myself & then thinking what is the most likely outcome & from there try value it.

Personally I think a deal for the coal business (kept quiet for now) will probably be getting muted by Tshinghan or be negotiated at some point in the future for many multiples of the current sp.

However nothing is ever certain in life & I may be wrong we will wait & see. Gla all

I'm reading it as 2 x 750k sells early & a buyer of 1.375m later that day.

If someone or multiple people sold 2.875m shares of CGO it wouldn't be up on the day.

We shall see though at close of play.

5.3 to sell 5.5 to buy sp is 5.4 the 1.375m is just over 5.4 so its a buy.

Someone is clearly confident on first sales Q1 2023 & a much higher share price. £74k large in one go, no small feed there.

When investing it really helps if investors can do the basics like read an rns. The fact you clearly haven't read the rns stating "As we transition from an exploration and development company into a cashflow positive mining operation the capacity for growth becomes ever more real. I am confident Gordon will help the Board achieve its aims of fully unlocking the value of Lubu in these exciting times.".

One has to ask if you aren't reading rns properly what are all these negatives based on? Your opinion? Your fear? Etc.

How does the RNS stink of a placing? Did you see the RNS prior? Cashflow positive? Have you listened to podcasts with Carl & the options available re coke batteries. Your like Viksta from twitter always presuming the worst. I get the delays no one argues that & as such people have concerns on the back of that but those concerns should be easing given the newflows since Dec 22. There is no way if I had as much negative views about a company that you do I would still be holding it.

Carl has stated on numerous podcasts that the "profits" from the offtake agreement which is on course for Q1 2023 (see company twitter pictures & RNS(s) would be put back into the business. You do not make profits unless you are cash flow positive. Hope this helps the conspiracy theorist.

It's simple market mechanics here. First sales are not priced in. Once first sales commence the market at some stage will have to price this in & then we will see a move from sub 10p to circa 25-30p. I for one do not belive the company has went to all this effort of getting the site ready & machinery near completion with zero product to sell, zero offtakes & zero interest in the product. So for me it's not a matter if the re rate happens it is when. Also look to countries like Malaysia who are rich in LNG which historically is one of the cheapest fuels to heat homes when LNG prices get dearer than coal they use coal instead hence why it is it's second biggest commodity used behind LNG. Coal is here to stay.

6p by end of day heading into next week?

Sarawak produces 70% of Malaysia's LNG asper 2019 report there is still 18tcfg recoverable & 1.9bboe recoverable up from the 2013 report. Most of the world's discoveries are also onshore 70% of which onshore Sarawak is a frontier basin as it has largely been offshore Sarawak that's been developed. We know onshore block SK333 acted as a kitchen for hydrocarbons as per JP Nippon Oil & Gas Exploration drilled well (migrated most likely) but to where? Lots of potential her with Sarawak the fault lines, different movements in fault lines & undiscovered hydrocarbons. At some point funding will need to be discussed/addressed but not for a while I'd imagine as raised tail end of last year. GG all

Worth noting that's without the gem of Sarawak that valuation of 5.50p. Retail are weak & this will reward those who can hold.

MACD negative turning towards positive.
RSI circa 40 (below 50)
If volume returns this goes higher

Not sure it drops to 0.3 as RSI is on the lower side.

News about to land & that % UPL own Dunrobin could be worth as much as the mccap of UPL itself.

With such a low mccap this has the potential to do a 50%-100% day unexpectedly at these levels.

I say potential as I'm not here to ramp but one thing I am of the opinion is UPL is way to cheap at present.

Easy hold for me having done my Sarawak research.

Volume is good today & impressed with the buyers mopping up the sellers shares.

Hopefully they have gone. From ready to break 1p to .5 again. Nutter

They will be making up to $10m per annum of the 10k offtake agreement. Anything additional adds to that yearly figure. Right now fully funded to Q1 2023 sales (weeks away took delivery of machines) so the money can be re invested into the business. Where someone gets three years to being profitable & trapped baffles me from a fully funded co on verge of $10m per annum cash generating.

Anything over 1% is considered high grade they have plenty over 1% upto 3.74%. Plus they have only just started exploring,. Your de ramping & bashing a perfectly good company at present.

BHL have clay as well as pegmetite. It's the fact GM an automotive giant has invested $600m+ into "novel" lithium company again.

Management are doing well, what is this thread? Seriously.

They have £9m cash & the cash burn is good for what they are doing .

Rns states near surface but will only have completed 1% of area after phase 1 & 2 so perhaps they need to explore more before committing to depth of mine.

Beggars belief this thread. Learn to read rns(s)

And what sort of expenditure is that? How much was spent on current drilling programme & results to & from labs?

Far as I am aware fully funded for 2/3 years.

I saw the tweet referred to by Elon re lithium not nonsense.

Irrelevant still good value here from current level