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TPKart, I would suspect any news on the coking coal is somewhat off yet. The latest RNS stated “in due course” which suggests, to me anyway, we’re some way off news. I hope I’m wrong though. CGO has been hit with directors missing timescales, so he’s evidently changed this now to take some pressure off. All IMO of course
How can they walk the price down on SO LITTLE volume!? Ridiculously cheap now with what’s on the horizon
Shows how much I know! But those late trades were buys, as is anything around the 7.5p mark...
GLA
I think we will start to see a steady rise this week on anticipation of news, which will arrive next week. Just my hunch :)
They said they’d need $4m which they’d hope to get from debt finance rather than dilution. Expected timeline H1 2021.
https://www.investegate.co.uk/contango-holdingsplc--cgo-/rns/gold-project-acquisition---gbp1.8-million-placing/202010190700074018C/
Personally, I dont think there is a seller. Just no interest. High false spreads, shares in sticky hands, boredom and chasing the dream elsewhere.
The heard will arrive in good time...
Is a BUY!
I agree with you Ian. something to stop the flailing SP would be nice. I have emailed the company for the 3rd time in as many weeks this morning, without reply. If no response this time, I am out. It doesn't take a lot to say everything is fine, either to me or the market. The PR has been shocking.
I emailed the company on Thursday for the severe lack of updates and fog that’s around atm. Who this Chinese company, why hasn’t the director purchased, what’s going on operationally. It would be nice to hear back at some point. As yet, nothing. Not impressed! My high hopes are starting to wane...
He doesn’t yet. He’s only been at the helm two months. Let him settle in. Granted this would be the perfect time to, unless he’s in a closed period. He has 5m options at 25p, so it’s worth his while to perform for the company.
Let’s not also forget GH brought more at 22p on the way out!
You can gift your shares to your wife in an inter spousal transfer, so she acquires them at the price you paid.
You wouldn’t crystallise the gain by transferring them to her. Very good for all round financial planning
The price on here is ALWAYS shown in line with the last algo trade. It's most frustrating!! I'm not sure why its so difficult to show a correct price...
There hasn't been any confirmation. But that's not to say that it isn't open. Do they need to let us know? I think we will get confirmation in the update "in the next couple of weeks" as per Friday's RNS. Clearly with the latest purchase, they've had other things to focus on too.
No stresses here and continue to add when I can :)
By the end of next week would be my guess. Though I think, based on only a hunch, we get news this week
...and a march forward with no chatter. More of the same please :)
They haven't missed any deadlines. He said "in the coming weeks", not February or how many weeks. Just impatience and someone's interpretation of 'weeks'. I topped up this morning, albeit a small amount.
- There was a meeting scheduled for early Feb which had been moved because of lockdown
- They were hoping to finalise an agreement with a mining contractor ahead of opening two pits in Lubu in Feb
- "...we look forward to providing a substantial update to shareholders in the coming weeks."
I believe we will get one next week, latest the following week. Weeks to me would mean up to six or seven weeks.
Have a good weekend all
That's because we've still got another 30% to go from our recent highs!
Superb news today! If it gets signed, it becomes massively derisked. EXIM Bank had given Ironbark up to $216m at a rate of 1.46%. If we get anywhere near that, that would be fantastic.
Separately, SP Angel broker note increased their TP on the back of this to 40p, (also where I got the Ironbark info from!)
Was about to come on and post exctly the same thing! I've never seen so many algo trades in one stock before. Something has to give soon. Think we're going to see more 1m+ buys in the not too distant future.
Back in the buy zone for me...though need to wait a few weeks unfortunately!
1.2m purchase appeared today though. Speculation, but perhaps the company that brought off of RM starting to buy more? it is a 40% discount from their first purchase after all...
Its fallen ever since we announced the offtake deal for 75% of the production with the "chinese conglomerate", and then the tax rebate. Makes absolutely no sense to fall when you've guaranteed yourselves 5 years worth of income.
If this company RMc sold his shares to were interested in buying more, you'd think that a TR1 should come soon as they would not want to miss out on adding at these prices, unless they're driving it down...