Contango Holdings - CGO - Share Chat

Lovely stuff. Something i’ve learned with many of my stocks deep in the red at one point or another is Patience.

Fomo kicked in around September last year and i’ve been buried alongside the coal ever since. But i’ve been chipping away at my average and i just know daylight is close.

Currently my 3rd biggest holding and i’m still -30%. It would not surprise me if it’s sitting in my number one stop at some point this year.

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The coal field should be open by the end of may.

An RNS confirms it now too. Production starting next week.

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What a slog this has been, my diamond hands are aching a bit.

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CGO becomes a producer tomorrow.

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Washed Coal Production Commences at Lubu

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Finally, and up she goes.

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Share price down tho :roll_eyes:

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That it is. I believe that after the many dealys investors want to see that coal leaving and cash in the bank before things get moving.

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Under 5p wow didnt see that coming?

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Back inthe green must be news coming soon, started the day 9% red, now 2% green.

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Lucky you, i have deep red, but still confident they will dig me up soon.

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I’m in deep red too 34% but that’s only about £130ish I do keep meaning to AVG down
My AVG is 0.0701

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Topped up and only went down more brill :roll_eyes::rofl:

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They need a buyer, just a coal mountain at the moment.

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Feels like a lifetime ago i went in heavy with this stock. Managed to average down a bit over the months, lets see if the next couple of months show if it was worth it or not.

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Surely thats good news but don’t we keep getting these fake promises :thinking: and we don’t see any movement in SP

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Yes indeed we do. No idea if this time next month there will be some issue and we get a promise of something another month later. But if this one turns out to go ahead and starts bringing in some money then hopefully the share price could go up.

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Deals in place, new larger washer install. President opening the mine today. Next week could be the move up we are all waiting on? ?

President had some other stuff to do and is now coming on the 31st. But that should be stopping any other work though so hopefully it won’t be used as any reason to miss yet another target.

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