Member Info for Sharky1975

Reckon it was a sell

I was hoping for some more buying/pumping today before good news, which is surely imminent!

It will be nice when the forced seller finally takes a break or exits their position entirely, because it's been relentless selling for a while now.

The last few posts have shown Jrlomax is clueless.

I disagree with your guess that a buy is being worked through. It’s becoming a very binary play for me now.

Well, I've done dummy sells, and I could sell over 3 million shares at 0.965p on March 21st. But yes, since then, I've not been able to offload many. Let's see where this goes, then. It may be a good time to average down, if I wasn't already overcommitted here.

Well if there was a leak, clearly whatever was meant to happen didn’t happen! The company has treated shareholders with contempt with no updates or news.

Well said Jrlomax, that literally sums it up for me.

The latest RNS stated “The Company has received $500,000 in royalty payments, with a further $500,000 to be paid shortly.” I assume they’ve stopped given dates now as they never keep to any of them. Make or break for this company over the coming weeks and months if you ask me.

Where does it state loans to be repaid this month? I thought all loan agreements expired and now repayments are on a friendly understanding! Also the latest on the $500k royalty payment, just said it was due shortly. It didn’t give a timeframe.

Have you emailed the company to ask those things? There are about 20 things I'd like answers to, but the silence is deafening.

But they didn’t impact the share price. The large transactions were pre-arranged block trades/exchanges between two parties off-book. I still think the 12.5 million could have been Oliver Stansfield offloading, which wouldn’t be a good look.

Well said InvestorPA. CGO was one of his pump and dumps a while ago. Maybe he sees another chance. I could do with it being pumped though 😂

Can’t even attract buyers at this near all time low price. You’d think with Chinese money investing in a company it would go from strength to strength but no news on production and sales are key issues here. No one believes it’s capable of delivering 1 tonne a day let alone 3000. Bottom of the drawer now and hope it turns around later this year.

The payment that is two months overdue! Hope it confirms receipt tomorrow and then a decent interim on Friday, rather than a bleak interim report with no royalty!

It’s all speculation at this point, but in my experience, a period of silence often precedes bad news. I hope I’m wrong, and that some positive news will be provided during the interim results this week.

Maybe a retail investor is selling up, or Spreadex is offloading, as they offloaded some the other week, but they usually do it in slightly bigger chunks than what's been going through the last few trading days.

They can’t even pay their royalty on time so why expect them to increase their holding? Maybe when all paperwork is finalised things will change/improve, we can only hope.

Even Doc Holiday the horrendous pumper of stocks who pumped this 3 or more years ago called for a board change here this week! One good thing that may come from this when everything is finalised is maybe Carl Esprey shipping out!

The sells going through at these levels must be people cutting their losses and giving up. Can’t be many in profit unless they got in when it was below 1p last year. If CGO had been producing coal at a good rate since the plant became operational I’m sure they would have said it. So the lack of news tells me that production has stalled and there is no buyer!