Member Info for luckyorange

Have you listened to David Tang as an interviewee daramuda? I have heard him in one and it wasn't a good experience arrrggh!

is that Directors have stuck their heads in the sand and not taking responsibility for anything , their livelihoods depend on the companies success as do the rest of the employees and as for communication with shareholders their silence is extremely poor form , it is obvious that is what is needed and don't understand why they have not reacted with and interview or twitter or otherwise .
Poor management that need a bit of a shake eh?

What excuses Snip , seems to me it is you making them . It is on the turn now ;-)

Outgoings around £75k /month , call it 80k

No idea Snip , I think there is 2-2.5 mill still in the bank with everything paid for .

Either that max or they have no self awareness whatsoever and don't give a **** about anyone else , others have sold I'm sure and it was the right thing to do but they don't come on crowing about it. If people have gone elsewhere then that is where their focus should be , not on a share that they don't own eh?

It was a response to the other PAUL not you PaulFG .
As far as the geo's go the point he kept on with the drilling was because they wanted to rein it in and catch up a bit i.e. stop drilling so that they got a break and for no other reason on the interview.

How many times PAUL , the miners are unaffected , here are the lockdowns to date

VICTORIAN LOCKDOWN HISTORY

* Lockdown one: statewide, March 30 to June 1, 2020, 63 days

* Lockdown two: Melbourne, July 8 to October 27, 2020, 112 days; regional Victoria, August 6 to September 13, 2020, 38 days

* Lockdown three: statewide, February 12 to February 17, 2021, five days

* Lockdown four: Melbourne, May 27 to June 10, 2021, 14 days; regional Victoria, May 27 to June 3, 2021, seven days

* Lockdown five: statewide, July 15 to July 27, 2021, 12 days

What are the licences worth including Queensland (2 mill when granted) ?

Yes, you said , broken record syndrome .

Chinese companies are full of the proverbial O, they will play companies along for years and it all comes to nothing , maybe it is different for CGO but time will tell. Personally I am happier that they have decided to go ahead , coking coal assay test results needed to be in before it could all progress.
Be good if they can get some offtakers before production thanks for the heads up on that O&W . Other than that CGO will be selling spot to the international market which is fine . I don't think it is beneficial to look back and see what companies have said particularly Chinese ones as they are totally unreliable in that respect, it is what happens from now on that I am interested in to be honest.

Although it won't take long with the mining equipment now financed the do need to prove that they can pull X amount out of the ground before a definitive offtake agreement can be agreed hence their remarks about the international market.

I assume that once it is out of the ground at a consistent rate then offtakers will show a lot of interest and be ready to sign.

I would also assume that CGO will not want to sign any offtake agreement that doesn't have a lot of flexibility built in on quantities as once as a contract is agreed there will probably/possibly penalty clauses built in .
Expect some blips along the way but hopefully they will be pulling it out of the ground in Q1 and with construction of the mine already underway it may not take that long!
The coking coal will be desirable to offtakers due to the low ash and sulphur content https://www.lse.co.uk/rns/CGO/positive-test-results-from-lubu-coal-studies-7zh7fa6dh95clbi.html , hopefully there will be minor blips on the way to putting in the decline and pulling out the coal .

Gold next!

Yes Nick , vertical integration it's called adding value in the processes wherever they can that is the way to run a good business.

The fundraise caught me on the hop but very pleased it wasn't overdone and warrants are at 12p which hopefully by that time will be in play and help fund the coke battery build .
Philip was very happy with it.
"I am proud to have been one of the founders of Contango and with what we have achieved so far as a company. When we set out, our primary objective was to acquire a mining asset that could be brought into production quickly and in a cost-effective manner, with minimal dilution to shareholders. I believe Contango has successfully navigated these uncertain times and is meeting these objectives.



"With this Placing, construction already underway at Lubu and the huge potential to be unlocked from our assets in Mali, I am confident of the outlook for Contango. Following a subscription for a further £200,000 in this Placing, RAB Capital will remain a +10% shareholder of the Company. I will continue to remain a supportive shareholder, offering any assistance I can to Contango going forward."
They have a plan..
" cash flows from coking coal sales, as well as offtake-linked finance and debt will be available. Given the modular nature of the coke batteries, further expansion in coke production will also be explored in due course."

Summer in Oz now zebbo so lockdowns maybe not and Dan Andrews is being reined back by the government and voters so we will see on that as he has backtracked on vaccine mandates , usually most countries don't do a summer lockdown . To be honest I think someone will step forward in the near term to steady the ship , we will see what next week brings.

This guy has a very good handle on what was going on in the market for TGA shares , more very big buys after market on Friday! https://twitter.com/AimingHigher4/status/1461711515770404865

Worst option at the moment Trek when it is at its most vulnerable.

It does need someone to grasp the mettle or nettle according to preference and at least be a spokesman for the company on direction .
People are not factoring in that Mercator will have their own accounting policies .

Michael Fisher
Michael has held numerous directorial positions that have covered strategy and development, as well as financial, commercial, and business operations within Australia, New Zealand and Asia across a broad range of industry sectors including manufacturing, import andexport, warehouse and distribution, retail and service environments.

Among others, he has held positions as CFO, CEO, and Director in the Drake Group, Resident Director of Suzlon Energy Australia, senior management positions with the Skilled Engineering Group and most recently as CFO, Director, and Executive General Manager of Marque Consulting Group. Michael has also worked alongside federal, state, and local governments both in Australia and New Zealand.

Michael Fisher’s corporate career spans over 30 years with significant experience in directorial and senior financial and management roles with a demonstrated capacity in the leadership of new startup operations. As well as holding a Diploma of Commerce (Accounting), he is a CPA and a member of the Australian Institute of Company Directors.

Stop panicking , there is a lot of experience that is being overlooked on this bb.

What are NEDs paid to do? Always been a bit of a beef with me https://www.investopedia.com/terms/n/non-executive-director.asp#:~:text=%20Key%20Takeaways%20%201%20A%20non-executive%20director,directors%20and%20acting%20in%20the%20interest...%20More%20

The Chinese are sods to deal with pawn and the walkaway is fine as they will prolong and prolong otherwise .

To me it is all positive considering this statement

"Also, the Company has recently visited a number of potential customers and off-takers and following such conversations with these groups the directors of the Company have chosen to begin operations with immediate effect and take advantage of strong commodity prices and forecasts."

When it is out of the ground it will sell that says to me and suspect that is what they were told by potential customers and off takers .

Been weeks of gimme the ball , gimme the ball , gimme the ball , gimme the ball and now its .... not that ball the other ball and I want it last week.
Sophisticated investors eh?

Can't believe what some are saying here after that RNS , jeez !