Member Info for Toffee2468

The who's who of Zimbabwean interests being lined up to speak at next week's mining indaba... http://miningreport.co/zimbabwe/speakers/ Toffee.

So, the rapidly convened mining indaba approaches in Zimbabwe next week, 27-28th, with the speaker list subject to confirmation but currently indicating .... guest of honour President Emmerson Mnangagwa, Minister of Mines and Mining a Development, Winston Chitando, ... and lo and behold Roy Pitchford, on behalf of Contagno (sic). So Pitchford, well regarded ex Vast CEO, and a Zimbabwe man through and through, is in play for Contango now.... Wonder what 'worthless' asset they're looking at with Mr Pitchford. Hmmmmm.... https://bulawayo24.com/index-id-business-sc-local-byo-128576.html Nice to see the future brightening for Zimbabwe, and for those well placed to partake in their Renaissance. Interesting to see what news comes out of the next few weeks, whether Contango's due diligence progresses or otherwise. Toffee. https://bulawayo24.com/index-id-business-sc-local-byo-128576.html

Oh that's fantastic news - see you in 6 months time then! Don't worry about us in the meantime. We've all 'lost' ALL of our money, but absolutely learned a lesson from you. You go on and enjoy life. Achieve some personal growth. Make some friends, you delight. Please be sure to share your wisdom on some boards that maybe you're invested in in the meantime, and look forward to welcoming you back in 6 months time. Ta-taa

I do not want your 'Advice' Avrohom. I do not recall anyone else asking for it. You are not an advisor, the board is not intended for the sanctimony of giving such advice, and is not for touting other shares either. If you want to discuss other shares, simple, use their boards. Sure folk there will be delighted to hear how well you have 'quadrippled'. You've been called out for posting misleading, incorrect, and unconstructive posts. Toffee.

Hahahahahah... Please stop Avrohom, my sides are hurting .... That was some lazy lazy trolling..... Claiming to have exited a worthless junk stock at a price double what it reached in 2016 - boy.... I was going to filter you, but the comedy value is just too high. Still, at least we all irrefutably know now that you're a wind up merchant, and a master baiter. Toffee

ElectricEel, Knicol, Hahaha. 😊 1. Not going to be 1for1, unless Contango value what they are acquiring at �50m, which seems a little optimistic. Recognition of our assets value was definitely considered by SBLM board to be grossly underpriced by the market at the �2.3m market cap when they decided to delist though, so it's not likely (imo) to be as bad as 25 shares to 1 CGO 5p share either! 2. No clarity on what's fair value, until there's clarity on how much of the old SBLM they are acquiring an interest in (and what CGH consider that to represent of their total asset base. 3. CGO aim to relist 'around end of q1' - but who knows if due diligence is on track, or lagging... No one yet. 4. Why wouldn't they qualify? 5. I'll lend you mine tomorrow... Toffee.

Kiwi, Yes, that would be nice for the coal. (I've typically focussed more on the Iron Ore project at Nimba, but Zimbabwe seems to be closer to fruition) Wonder what this means for the Coal fired power plant plans too, under the Memo Of Understanding with Citic, and whether that has expired or will be resurrected. Quite a fee options for CGH to play it smartly if this proves to be the upturn of a new cycle.

Kiwi, Yup, iron ore prices certainly look a lot healthier today at $78 compared to the low of $38 back in Dec 15. I recall it was close to $50 in 2016 when the delisting happened if I recollect correctly. Gotta wonder how much more viable Nimba starts to look at this recovered iron ore price, and whether a tie up with the money men behind Contango might create better conditions for raising the Capex needed to kick start project nimba in the coming years..... Toffee.

In other news, front page Africa have cone up with the claim that Groves and Sable are lining up against Varney Sherman to aid the prosecution's case against the Liberian lawyer.... https://www.frontpageafricaonline.com/index.php/news/6984-sable-mining-andrew-groves-strengthen-evidence-against-varney-sherman-in-bribery-trial Just where do they get that stuff??! They clearly didn't bother to read CGH's last news release, where the company seemingly made it clear that there was no conditional plea bargaining entered into by Groves or Sable, contrary to the erroneous local press' commentary... Wonder if the company will be moved to rebut this also, or just ignore as duff journalism...it reads like pretty ropey hack material which I'm inclined to dismiss in the face of the last news release.

Hi All, The recent breakout of actual news-related posts on this board is so refreshing! I've enjoyed pouring over Contango's listing prospectus from when they went public on the market back in Nov last year.... For anyone interested in understanding what their strategy is, their investment criteria, and the general flavour of why they're interested in prospects such as our working interest in Zimbabwe (which I interpret as being Lubimbi rather than Lubu), it is a neat read. I particularly like their observations on page 35 about the likes of majors such as, specifically, Anglo American and Glencore ... I don't know why that tickled me, but it did. :) Anyone know of any souls that are deep into those per chance? ;) And it also sets out various details throughout the doc which sets out their intent to use some or all of their working capital (�800k) to fund the due diligence on their targeted single acquisition... With the likelihood of them undertaking a capital raise/equity share issue to fund the consideration for the actual acquisition.(what price Lubimbi, shall we speculate?) http://contango-holdings-plc.co.uk/wp-content/uploads/2017/07/Contango-Prospectus-.pdf If the due diligence pans out for both parties, I agree it will be interesting to see how the next month's news comes out... Re: What valuation CGH and Contango arrive at for Lubimbi, how much of the total value of CGH that represents, compared to Nimba and the other assets, and if the enlarged entities shares for Cobtango relist at 5p, what equivalent value gets ascribed to us CGH shareholders... Lots of news to come then, and not too long to wait in relative terms if Contango are on track to meet their aspirations of relisting by around the end of Q1. Toffee

Hi Acrossthesea, Tozerk, Kiwi, Lo643898, Thought you might appreciate this article, link below. :) It will be interesting to see if and how CGH and Contango comment on the mining indaba planned by Zimbabwe gov which will run on the 27th - 28th February in Harare -lots of local chatter about inward investment in the sector, and Zimbabwe being open for business again. http://gnnliberia.com/2018/02/18/mines-energy-officials-exonerate-gw-inductees-senator-sherman-frowns-negative-reportage/ Note that the journalist commenting on Liberia above, Joel Cholo Brooks, colourful character as he is, has been a correspondent for the BBC African Service - just a lil nod there for those myopic enough to only get their news from the magnificent BBC and its impeccable staff, as there are apparently no other news outlets in the world. :)

Absolutely, no gloating. That would be quite quite rude. It would be nice to just be able to go a day or so without agro.

Good diagnosis Tozerk. Sorry,can't talk further, have been inspired by douche below to find a random board to fixate on and infest with random assumptions that anyone else inclined to post on it must require saving from themselves. "Lol...."

Hi Kiwi, You must have the patience of a saint for expecting any sensible response back from agrohom. Can't you see, he's purely here in all of our collective best interests, to stop us misguidedly investing our nest eggs into a share which is "never" going to come back ;) ! He needs us to remember, for reasons that only he is smart enough to comprehend, that this share went from 30p to zero. He doesn't deem it necessary to acknowledge that the share started out at 12p, so 30p+ was pretty decent going. Nor that the journey from the peak to the lows wasn't exactly an overnight occurrence, and that the last 5 years prior to suspension had plenty of opportunities to trade smartly on the lows and highs, average down, and make a buck. But you'd have needed to be as omniscient as he clearly is to have been able to spot those opportunities. ;) He appeals to all those that are in at 30p to feel aggrieved (C'mon everyone, who has a 30p average out there?!!! Thought not.) and likes to point out our shares are worthless. Never mind that we have assets that Contango are keenly interested in and are progressing through due diligence towards acquiring as part of the reverse takeover that they want to complete in order to list on the main market (not on AIM, the Main Market!). Never mind that the company is making statements of intent about relisting. You need to take agro's "positive advice" .... hahahahahahahaahhaahahahahahahahahahahahahahahahahaahahahahahahahaaaaaha

Tester5, No-one can know quote how this will go yet. But from where we were 3, 6, 12, jeez 18 months ago, the prospects are at least healthier of getting something back. Whatever mud has been slung with the Global Witness report, the case in Liberia, and all the reputational damage in that period, the bottom line is that it hasn't stuck in the Liberian courts, nor any other. The Share price at suspension/delisting was never a fair valuation of the value of the assets at hand. So I'd like to think that CGH are planning hard on how best to realise some value through either striking a deal with Contango on Zimbabwe, or selling off assets and funding a relist to go at new ventures. Presumably re-listing on aim is another few hundred k, so wouldn't be getting airtime unless Groves /Edmonds believe they can still drive the company onwards.

Knicol46, Me likewise. just tired of the one-track pony. Toffee.

Waffle Waffle Waffle, A poster who says exactly nothing. Ugh, turn it in. Those that are invested here are entitled to some optimism. Those that just post 'i told you so' really are most oddly motivated. Not going to rise to any baiting. Good luck to you all

Hi Paladin, It is a good point.... The previous chatter and RNS re Contango was indeed all about Zimbabwe, but I noticed the strapline for the Bloomberg article mentions " Groves, Edmonds plan to relist Zimbabwean and Guinean assets in London " -the article doesn't elaborate further on Guinea, but guess it must have been part of the interview. So we have to wonder whether the court case outcomes will free up CGH to do something with Nimba in Guinea (outside of whatever is under due diligence with Contango im Zimbabwe ?) A strategy update rns sure would be helpful after 15 months of dormancy. !

Interesting short article.... Would be nice to see this back up by some actual comms with shareholders of CGH... https://www.bloomberg.com/news/articles/2018-02-13/mugabe-s-fall-has-veteran-miners-jockeying-for-zimbabwe-comeback

Contango were just recently admitted to Aim with the intent of finding a company, PROJECT, or ASSETS in the natural resources sector to acquire.... with perhaps circa �800k in the war chest to do so... Their rns only refers to their progress in due diligence towards acquiring our interest in a near term producing mining asset in Zimbabwe.... I would guess that would be the Lubimbi project which Sable (or CGH as we are now) has a 49% stake in the concession.... It'd be a reverse takeover from Contango's perspective, either because of the relative value of the acquired project for them, or just because they'd be changing from an investing co to a resource co.... But for Sable it would presumably be just cash flow into the coffers. "realising value from our existing asset base" as they say.... Doesn't look to me like anything I can get excited about in terms of any relisting for us, or any prospect of being able to trade shares.... As Sable (sorry, 'Consolidated Growth Holdings') have down nowt to set in place any matched bargaining facility to be able to sell shares since the delisting, and since they've failed to hold good on their commitment as stated in the delisting rns to post any form of 6 monthly update on their website, Or hold any agm's to update, so I struggle to get too excited here.... :( Hope I am wrong and maybe there is brighter news on the horizon if politics do indeed settle in Liberia. George Weah always was my favourite Lone Star, so now that he's elected, maybe that is a good omen and the legal wrangles will drop away, to let our board get to work. Certainly the Nimba project (Guinea) isn't referenced anywhere in Contango's plans, so that would remain in the CGH portfolio with us. Fingers crossed all. Toffee.