Member Info for LongTrek

Oh come on silly, the Chinese own 51% odd not all of it. I never made a statement i was asking a question, hence the question mark at the end of the sentence! Just don't hold your breath, & remember, small p.i.s usually get shafted with these type of stocks.

Its a necessity to improve the road system in that particular area. but does that mean CGO are going to fork out lots more money to get the necessary works done, so this could probably mean another fundraise from the company than?

As long as theres a buyer, then there will be a seller. i'm sure there will be plenty wanting to gain entry at a much lower price. After all, like ive stated in previous posts, its probably their plan all along.

Well despite all the slow & steady developments going for the company, if we don't hear any positive news soon, then sadly i still think this share price could drop to .70

Until promises are fulfilled, then maybe not, this sp wont move much unless investors see positive developments, just a bit too quiet at the moment. Almost 4 months have passed and we're still waiting for that long overdue balancing payment. Could still be months away. No news either on sales, i would'n't be surprised if this dropped down again, probably to a low of .70

Neither does it help that Huo Investments still haven't stumped up the remaining $500,000 owed to CGO. Not only that, but they're keeping us in the dark about the reasons why it hasn't been paid. It's no wonder the sp is this low.

Well if Huo wants total control, then i think he should make us shareholders an offer we can't refuse!! I would look forward to that proposal.

Not sure if Huo accumulating more shares is a good thing. That means they'll have more clout over the rest of us. It wouldn't be so be bad if deadlines were kept to, but as usual with this outfit they seem to be doing whatever they want irrespective of what anyone else thinks.

The longer the silence from the BOD, the more we lose confidence in them.

The RNS in february 2025 stated the remaining royalty payment of $500k was due to be paid later this month, we are now in late march, another missed time line. I don't really believe in very much they say, as there are just so many missed deadlines etc. i just wish i knew the truth as to why they are really being missed.

No problem.

You too.....& let's hope fortunes can change for CGO.

Thats ok Laura, i'm no expert in the matter, but when you have someone owning the controlling stake then who knows how he"ll be thinking, he is successful having read up on him, Huo Investments owe Contango Holdings the remaining payments, but none of us shareholders knows why he hasn't paid up all of the owed balance , which was due in December, I thought CGO may have had a dispute with Huo Investments, but they haven't informed us as the why the payment hasn't been made in full. There is a remaining balance of $500,000 to be paid to CGO, and so we eagerly await. Hope this helps.

Hello, the biggest buyer & investor is a Zimbabwe based Chinese mining magnate named Wencai Huo, ( Huo Investments ) He has recently purchased around 57% of the company, i.e. the controlling stake. He has invested lots of money into the project in Muchesu all of which can be read on the RNS's or other online articles on the company. The company is in the early stages of setting up DMS wash plants and other operational activities, CGO are currently awaiting overdue royalty payments, but hopefully that will change in the near future.

Yes that was a very big trade, & so if that was a sell then this sp plummets yet again.

Whatever he paid, no doubt he got in on the cheap, i think it was there tactics all along, & us mere mortals can't do anything about it. I just hope we haven't been sold down the river. Time will tell.

Oh dear, so Groves sold off 57% of the company then, i just hope us small investors don't get shafted as is normally the case with these small caps.

Yes 57%, forgot about their recent purchase, thats even worse than. Bought conveniently in the dip. ( thats probably why the sp was held down) I think Esprey made a big mistake there, he should've negotiated to retain the controlling stake, & now were at they're mercy..

Yeah i think we could all do with this being pumped up. How come just a couple of years ago, this share price was over 5 times higher with with not so much going for it, as it is now, with all the new facilities, operations & agreements in place, how has it sunk to such a low share price? ( of course investor sentiment) Im also not too pleased with Huo Investments owning the 51% controlling stake either. How is that going to pan out for us in the future?

I suppose if they had kept the auditors who were apparently experts in mining fraud, then it would be akin to shooting themselves in the foot, a bit like a turkey voting for Christmas.

Wasn't there an agreement with Huo investments where they could extract 6 months worth of free coal before royalty payments kicked in.? if so then what have they done with all the income generated from this generous deal with CGO.