Contango Holdings - CGO - Share Chat

Stock Discussions
81

Feel what in your water another buy entry :thinking:

82

lol, no, not another buy entry, Iā€™m tapped out. I feel that itā€™s brewing, if itā€™s going to do anything itā€™s going to start now.

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83

Habe you heard anything :thinking: as price at a pretty low place :roll_eyes:

84

No, iā€™ve not heard anything. No one talks to me.

2 and a bit months left in the quarter and this is the quarter they get their first pick up of their offtake.

Not heard anything about delays.

In fact they posted a message about their new rig they are testing which can do 500 tons per hour.

I would also imagine some news about more off takes.

Also last night while i was out with the cat i seen a really big shooting star, so itā€™s pretty much a done deal now.

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85

Must been big cat if walking it :rofl::rofl:

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Lol, not really a big fella, long story about why this came about. Be heā€™s been doing it since he was a kitten so he thinks itā€™s normal and all the other cats he sees are out naked.

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87

Oversubscribed Placing of Ā£7,500,000 to fund production and growth strategy

Highlights

  • Oversubscribed Placing of Ā£7,500,000 at 6p with new and existing shareholders

  • Capital raise to fund final capital expenditure ("capex") and enable further expansion

  • Company now fully funded to first revenue from sale of coking coal under existing offtake

  • Company targeting additional offtakes for coking coal, thermal coal and coke product
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88

To be honest i did not see another placing coming. But at 6p a share to get them over the line it doesnā€™t phase me, oversubscribed and not discounted as such sounds pretty good to me. Next couple of months should be very interesting.

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89

Just for some clarity on why the placing was done.

I bought shares for the coking coal, the thermal side of it was a bonus as theyvwere digging it up anyway it made sense, but i think they will miss the boat on that one, iā€™d be really happy to be proved wrong as it may do more than good to the share price if they come back and say it wonā€™t be going ahead.

90

Bit of a downturn today. Bunch of people jumped out on news of the delay. Some of them must have taken a bit of a loss. I guess that must make me an investor now rather than a trader as i scooped up some more.

If the Rns had read that upon further analysis they found what they at first thought was coal turned out to be compacted feaces then i could see a reason to jump out. But itā€™s still coal so i see no reason to cut my losses.

Lets see if in a couple of months iā€™m going to regret this.

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91

That sounds like a step on the journey to being a bag holder mate :sweat_smile::joy:

92

If that turns out to be true it wonā€™t be the first time :rofl:

But iā€™m really fixated on paying my next edf energy bill with profits from a coal company. My quarterly bill was due today so i missed that boat. So CGO now has 1 full quarter to fulfil my dream.

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93
94

At long last. Hopefully this gets things moving on up

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95
96

Iā€™ve been following this one but not pulled the trigger yet. It looks like after several days, it may be a good time get a position.

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97

Holding now at 5p,

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98

What do you think itā€™ can reach 5p?

99

Well this is the week they start producing the coke coal washers are in place. So a good hold until updates.

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100

Great news -

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