Member Info for LongTrek

People must realise that Contango haven't been in business that long. so things are going to take a little longer regarding time frames, teething problems etc.

the company seem to be taking the right steps, such as re-housing the locals in Muchesu & giving them bigger and better housing, i dont think for one minute that this is a scam company as some have suggested on this board.

The machinery is mining tonnes of coal like its supposed to, and theres stockpiles of coal ready to be moved.

So when the government are scheduled in to attend the opening ceremony, then to me thats a very big nod of approval for

this soon to be enormous industry. GLA

Well it does seem that the business is still alive and kicking, but like you say, of no consolation to P.I.s or will there be?

Its kind of like a rebirth, if they can aquire $100 million per year than it looks as though theyll be on the road to recovery. asked if Avanti could reach this figure Kyle says' We’re a little bit short of that at the moment, but that’s what the revenue expectation will be for 2023 year-end. There are about four or five commercial initiatives we just need to deliver in the next 12 months and we’ll be there'. Well thats a good positive statement, now im not sure whether they ever will re-list, and if they do then the question is ; will we ever get back some or even all of our past investments?... or is it lost in space?!

Yeah ha ha, unfortunately any ramping here has had the opposite effect and

sent this ever dwindling sp the wrong way.

NTOG have reached record revenue & production, (so they tell us)

so why the f*** is the share price this low?

Oh ok, so nothing meaningful really, ah well, we'll have to sit it out and hope for better things to come, (maybe a takeover would help the sp out)

weve hit an all time low now, & who knows how much further it could drop.

Unless they strike a gusher.....

Steel, so when he did finally reply, what did he have to say about the running of the company & future operations

etc.? Im intrigued to know, is it the jam tomorrow story and everythings going to be ok..

just one more year blah blah blah.

Maybe there are many over there that have a dislike of the British for historical reasons,

but its certainly in they're own interests to make this work,

with all the power outages etc that frequent the country,

they certainly need a source of domestic energy to keep the lights on.

I think they have a forward looking government that wants to transform

the country into an energy producing nation, and with an abundance of coal

at the Lubu project, they are in an ideal position to make the transition from

importer to exporter.

I hope CGO & Zimbabwe doesnt prove us investors wrong,

But as long as theres a global energy crisis and beyond, then

the Lubu coal project could be a game changer for they're country

and all CGO shareholders. GLA

I dont know about Luba, but i think he meant Lubu.

unless we have another asset that i dont know about either.

Once GCO start processing, producing, and selling

the coking coal, (which will hopefully will be in the next couple of weeks)

then i believe thats when the share

price will start shifting in an upward manner.

Janica, i too accept that i may have to offset this against my CGT,
unless of course a miracle happens and NTOG spring into profits
that will benefit all us shareholders.
I think were all used to the negative activity regarding NTOG,
its obviously nothing new with this sp dropping, but it seemed to
drop a little steeper this time (10%) so i wondered if something was
going on.
Maybe shareholders are just getting fed up with it all , cutting theyre losses , selling up
& moving on, thats why it dropped so sharply, which is understandable given the lack of
return on investment.

Of course im having a laugh,
if i wasnt invested here id be laughing a little louder,
but unfortunately i like a few others here are invested,
and its not very funny.
If its dropped this much after a "positive RNS" then what would
happen if it were a negative one!

Wow, that was a big drop today, i know most stocks are down,
but does someone know something we don't?

im hoping for 9 trades today,
then were on a roll.
lets face it, with NTOG 'things can only get better'

And finally some welcome good news.
now lets see if this RNS can move the share price
upwards, to where we all want it to be.

Personally i dont see any need for another fundraise,
especially when CGO will be producing 20,000 tons
of coking coal per month, let alone thermal coal and
possibly gold mining in the not too distant future.
Coal may not be the cleanest source of fuel around,
but its going to be used for a long time to come i believe.
I think the ducks are now beginning to line up for the company. GLA

Good link, nice to see progress being made at the Lubu coal project, albeit a little slow, but better late than never.

Well it wont be too long now im sure,
machinery in place and producing,
mining already started, off take agreements ready... to take off.
probably days away from a meaningful RNS,
and then hopefully its a big kerching for us investors. GLA.

And itll be cashflow positive in no time,
roll up everyone and buy them while you can.
Anyway hows our NTOG doing today?
still in the red i see.

But then came along Elephant Oil,
and so NTOG was put on the backburner.

Lots of sells today, whats going on?
Back to normality by the looks of things.