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The way the share price is suggests to me the market does not believe CGO.

However RNS although not definitive but says otherwise

10 June 2026

Contango Holdings Plc

('Contango' or the 'Company')

Share Price Movement

The board of Contango Holdings Plc notes the recent fall in share price. The directors of the Company can confirm they are not aware of any reason for the recent fall in the share price.

The Company continues to work with its advisers and consult with the Takeover Panel regarding the publication of the circular to obtain a waiver of Rule 9 of the Takeover Code ("Circular") with respect to the Proposed Subscription of £5,000,000 at 1.11p with the Strategic Investors ("Subscription") as announced by RNS of 13 February 2026. The Board can confirm that all prior details published regarding the Subscription remain the same and will update the market in due course once the Company may publish the Circular.

Placing going ahead

Price is creeping up.

lets see where we go from here.

Trading at a quarter of Nav.

Not many huge holders of stock hence i don't think it will last too long considering the news today.

The main focus for the Company has been the due diligence on the Klein Aub project in Namibia. The potential value is clear, with an in-situ metal value of over $240 million at current prices. The challenge has been how to extract this from the slimes and tailings given their complex metallurgy.

the result..

We are delighted to be working with Draslovka on these tests. Their expertise in the field of glycine leaching technology, an environmentally friendly technology that helps to extract the value locked up in tailings, is helping to move this project from concept to a commercially viable proposition."

Now we await news on the acquisition due later this month.

Will be very interesting for the company. Only a 2mill market cap

"The work is now well advanced with completion currently expected to occur by the end of June 2026."

"The Company has used the extended documentation process to bring forward work that would have been necessary post completion and so, overall, little time has been lost. We are particularly pleased with the results of the Zambian site visit and we believe that we have the right technology partners to not only extract the value from the Klein Aub tailings but also, with support from the Namibian Ministry of Industries, Mines and Energy, to tackle the enormous opportunities across the country."

5.6milliom tonnes Cu.

Silver gradings.

Now bidding 2.86p

I can sell at 2.83p which is mid.

There is stock available but bodes well

Added a few today,

Looks like with the volume and i'm sure there was forward selling yesterday we could clear it.

Price is creeping up.

I think its a small seller and he may be out considering the volume.

It may leave a small overhang but that can be cleared.

I don't the seller is big enough.

Looking at it once cleared we could be 1p+

Last NAV 1.98p.

Let the seller depart.

Given a few to buy in low.

Lets see. Ridiculous price.

Rising again.

Https://www.irishtimes.com/business/2026/06/10/fleet-safety-tech-firm-cameramatics-raises-49m-with-isif-and-aib-backing/

Fleet safety tech firm CameraMatics raises €49m with ISIF and AIB backing

Tech focuses on accident prevention including by providing alerts of a cyclist in a blind spot or drivers showing signs of tiredness

This realisation represents a significant cash inflow for Mindflair compared to the Company's current market capitalisation of £2.6 million. Furthermore, this is the sixth cash realisation achieved to date by SVV1 and follows on closely from the substantial return and cash proceeds of €2.6 million generated from the sale of Getvisibility in April 2025, thereby further demonstrating the current attractiveness and future potential of the Company's investment portfolio.

Anyone tried to buy that.

I can't with my broker but its a hefty chunk for a tiny market cap.

One of them becomes a unicorn then wow.

Https://www.investegate.co.uk/announcement/rns/sure-ventures--sure/up-to-49-million-investment-in-cameramatics/9610837

This is the only share addition since RCGH went to 180p.

dyor.