Member Info for pawnsacrifice

Thanks for that, really promising to read how much importance Zim is putting into mining this year and coal especially.
A $1 billion goal for the sector this year isn't to be sniffed at imo.

Why would anyone have to apologize for brexit. Leaving that unelected debtridden monstrosity was the best thing we ever did. Just a shame we're still being punished for it.
re Ukraine you are of course totally wrong. Even MSM were willing to give some facts out at the beginning.
You've just been programmed Miles3, hoping you do get to jump out soon you've nothing to add of your own self.
https://www.theguardian.com/world/2014/mar/05/ukraine-bugged-call-catherine-ashton-urmas-paet

Agree pasajerodeltoro and have emailed IGAS several times to ask them to look into farming into projects abroad to regain market interest.
With the hatred of oil/gas co's in the UK they're just a value trap now imho.
We've got co's on the market with great potential but no cash. They could likely farm into MSMN's 2nd Australian licence for a song as an example, PRD would likely love a partner in Morocco and there must be a lot more plays that punters here could think of.
Needs a forward looking ceo imo rather than this interim one.

Not much love for IGAS today.
Funny thing about Brexit we had about the same percentage turn down Europe as Ukraine did in their referendum in 2014.
Brits on both sides of that debate need to watch out if there's any demonstrations encouraged to get back in.
That's what happened in Ukraine. Two new foreign TV stations opened up and immediately started telling people that there were demonstrations in Kiev that were being suppressed violently by the Russian leaning duly elected President and directed the nation to go there and join the throng.
Unfortunately for Ukrainian's CIA officers were on the roof of the opposition parties building and started taking pot shots at the crowd (admitted to by the U.S. Ambassador at the time). The President was blamed in the media and chased out the country and the rest is history.
Denied by MSM history but still the truth.

See where you're coming from now ART123.
You sold at a big loss and need the sp down as you want to buy lower so no news can be seen as good.
Sorry for your losses but good to know the agenda all the same for the sake of everyone else on the board..

"I had recently averaged down from 44p average to 34p, though that was done the day before MBU had their sell down (typical bad luck) but have now sold those at a loss as well as my original stake. Big loss but my logic is that if this does go down to 10p before they get their act sorted then I will stand more of a chance of getting my original stake back if the share price then doubles to say 20p whereas if I hold and the share price dips and then rebounds I will still be at a huge loss. And I can always buy back in if things pick up here."

and again...lol
I'm not showing 20p as support on my charts. 18.5p was the bottom of trend on the wedge. Getting past the 18dsma looks to be key as thats been recent resistance.

I'm not showing 20p as support on my charts. 18.5p is bottom of trend on the wedge.

It is good that the debt's gone imho and that does bring them closer to divi's but agree its a production/train schedule update investors need now.

Was early so missed the 15p. Think the total is 18.4p/share for the £4.3m.
Didn't expect to have to be so sharp waking up.

Not bad for present holders + not expecting to need to use the facility again and back to divi talk.
30p today?

Well likely shouldn't expect it to rise in a straight line Rob, still a very nice price for volume producers. How big is their stockpile estimated to be?

thanks penstock, that gives $16.2M revenue for Jan (less expenses).
Can see why they're described as a cash cow.

To confirm, from the June Proactive vid they can still load 11,000tonnes/train so four trains in Jan at c.$300(?)
would have given them $13,200,000 in revenue?
https://www.proactiveinvestors.co.uk/companies/news/984498/bens-creek-ceo-says-a-second-train-on-its-rail-spur-is-final-piece-in-its-jigsaw-984498.html#:~:text=Adam%20Wilson%2C%20chief%20executive%20of,can%20only%20take%2040%20tons.

Thanks for the link have put him on follow.
4 trains confirmed in Jan was pleasing to hear.

They clarified they were approaching being cashflow positive in the 27th Feb RNS after being asked on twitter and elsewhere to do so as the previous RNS didn't make it clear.

"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."

Good volume too, markets starting to think "hang on what was that about a large reservoir?"

Agree wholeheartedly on the delays but not on them concentrating on batteries and offtakes.
They seem to be moving on all fronts since the raise.

Post period
· MOU signed with a leading Multi-National Company for collaboration across coking coal and manufacture of coke at Lubu.
· Award of Environmental Impact Assessment certificate for Lubu recognising the highest environmental standards imposed by Contango at the mine.
· Delivery of the Lubu wash plant in early February and assembly ahead of commissioning in March 2023 - capacity to produce 20,000 tonnes per month.
· Delivery of surface miner (Wirtgen 2200SM) which has a cutting width of 2200mm, ideal for selective mining, and can mine up to 500 tonnes per hour of hard rock and up to 1,000 tonnes per hour of coking coal.
· Laboratory delivered to site in February representing the last of the significant capital items ahead of first production and sales at the end of Q1 2023.

Still think its sales before they get volume buying from the market but happier with progress than I was last year.

Time enough for that. They've got such a large resource and are going to make so many bucks selling it. Just got to get due diligence out the way first.

"This MOU outlines a framework for collaboration across not only coking coal, but also in the manufacture of coke and follows several site visits and a preliminary analysis of a 50kg sample of Muchesu washed coking-coal. The intention is to undertake a stage-gated due diligence exercise which will look at all aspects that would underpin either a coking-coal offtake agreement, or the possibility of establishing a coking plant adjacent to the Muchesu Mine. Based on current timelines, the Company would aim to conclude the first phase (concept / pre-feasibility) of the due diligence exercise in Q1 2023 after which a decision will be made if, and how best, to proceed to the subsequent phases."

"The due diligence process is underway, and one of the first steps has been to deliver a 1t coking-coal sample to the MNC for further testing. The ongoing discussions are focussed on the viability of a long-term offtake and the potential of a joint venture partnership in establishing coke batteries and developing an underground mine.
"Given that Muchesu has a +2bn tonne resource there is plenty of scope for multiple offtakes across our whole suite of coal products - the MOU does not focus on thermal coal for instance.





"Given that Muchesu has a +2bn tonne resource there is plenty of scope for multiple offtakes across our whole suite of coal products - the MOU does not focus on thermal coal for instance.

So from yesterday's posts the train co' had an issue, nothing to do with Ben (?) allowing Ben to get the stockpile together which the train co' wanted anyway for reliability and now they've got this huge stockpile to sell as the train co' sorts itself out?
Is that about the size of it or are we to believe the trains will never come back, Ben will never get any more revenue from their stockpile, the CLN's will never get paid and Ben will go down dragging its holders kicking and screaming with it?

Sad news on the trains but if 2the extra 1 month delay means we lost out on a potential $4m profits or thereabouts which could have gone towards paying off loans etc" then once the trains are up and running again then paying off the first cln by end Summer seems very doable still?
Think we need someone to pop out there and install a camera close to the line though and connect it to the web. Wouldn't have to rely on updates then.