Bradda Head Lithium exceeds targets, secures US$3 million royalty and moves closer to production. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Yeah I think it’s a good deal considering what could have happened. It will take some time to fully develop the planned operations but it’s now a good long term play, with funding onboard. Think it will rerate over the coming weeks/months to 3p.
This seems like a good deal for CGO to me at least. Should accelerate development of production, coking coal and sales whilst giving a baseline revenue to CGO. The minimum $2 million per annum royalty would be the equivalent of >40k tons per month of industrial coal sales. Based on past experience when would CGO have gotten to that level?
All that and still retaining 23.75% interest in Muchesu to provide further upside / optionality.
With a ~£2 million share subscription from the purchaser as well, the current £9 million MC looks quite undervalued.
Oh so now you notice the sp movement.
No thankyou.
This share will now re rate to true value now that the definitive details are to be signed and royalties agreed . All the long term holding and waiting will now be realised and shareholders be rewarded for their patience. When listening to figures of gauranteed royalties and share value a figure of between 6-8 p a share MINIMUM should be expected.
I damn well hope so!!
I’m 74.5 % down here!!
This will go higher from now
I dream of being 70% down.
I did wonder if it was a trader ploy to create a fomo stampede to generate some easy income, but maybe I'm too cynical, hopefully is good news leaking out. Still a long way to go, I'm 70% down 🤣🤣🤣
I’m not complaining leak away as long as the price goes up. Happy days, full of potential fingers crossed board delivers.
This is the leakiest ship ever.
Its actual name is HMS colander
The inner circle has been told the good news already.
Hmm?
20% up out of nowhere??
'offtakers taking and paying'
Probably locals coming to the gate and buying a sack here and there 🤣🤣🤣. Barely enough to generate lunch money.
#opinion - run
'offtakers taking and paying'. - words from Esprey are usually lies.
Its a pity they didnt convey this information to us beforehand., It would've been good and professional to keep all of us shareholders in the loop about
'offtakers taking and paying'.
Yes it does seem like a good deal, but i think were going to have to wait a good while until we
see any benefits.
"Indeed smaller offtakers are taking and paying."
Really, if true why have we not been told?
A truly transformational deal for Contango
“…there is significant upside in the share price with almost zero cost to us. This is a very positive step…”
Full feature article link : https://total-market-solutions.com/2024/06/contango-holdings-plc-june-2024/
Interview link only to share : https://youtu.be/DlfEDCljnpU
No one trusts the CEO.
The RNS yesterday would had been much better if it was for a legally binding contract.
That the CEO had been replaced.
The results from the multiple parties that had taken samples testing was very positive and deals have been signed.
The MNC we have been told about has had there samples now for months, how much more testing do they need to do.
In fact what we got was a RNS about a possible deal with a single investor which you can’t find any information about.
Another false dawn in my book and still the wait goes on for meaningful news that will generate money.
They had to release something by the end of this quarter so that’s what we got yesterday a very elaborate placeholder.
I’m surprised the SP hasn’t gone higher with the announcement of the Chinese money. Maybe people are waiting for official confirmation given the history here.
Exactly, it’s a good deal with all things considered. What were the other options, not getting any news this quarter, or just signing a few small offtake agreements. Apart from a full takeover, this is probably as good as we could have got at this stage.
Looks an excellent deal, needs to be binding and completed though, previous promises etc....
If they pull it off all his forgiven.
Does look like a good deal
Esprey is not the one running things. He's just the face and the money man of the company, he's not the puppet master.
I've been very critical of this board for the past year or so and with good reason. But this deal is fantastic for us long term. It reduces the risk of dilution. The Chinese and the Zimbabwean government are not going to just let the mine sit there idle. If they install two more washplants and start selling 60k tonnes of coking coal per month then that's $480k to us monthly and $5.76m per year. With thermal coal production and potentially the installation of coke batteries as well, we could end up with $10m+ per year to us at least.