From £6.99 per month
ShareProphets
The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares

MINDING THE LSE’S BUSINESS

Join for as low as £6.99 per month

With ShareProphets’ membership, you receive:

• All premium articles

• Tom Winnifrith’s Bearcast

• Access to all the entire nearly 10 year archive

• ShareProphets Daily Newsletter

Contango – from no plans to raise to a raise in just four months

By Tom Winnifrith | Monday 8 April 2024


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Contango (CGO) is the sort of POS that gives the Standard List such a bad name. Operating a coal mine in Zimbabwe you might have thought that it was profitable . More fool you. Today it has raised £940,000 at just 1p, as I predicted it would last week,. However, if one goes back to December 8 with the shares having slumped from well over 5p to just over 4p the company announced that despite its shares sliding there was nothing wrong, indeed it continued to attract corporate interest in its mine. And…
Premium content is for paid subscribers only
ShareProphets is reader-supported journalism

Become a member starting at £6.99 per month for all articles, the Bearcast, and our seven year archive.



Subscribe to our newsletter

Daily digest of our latest stories.



Search ShareProphets

Market News

Complete Coverage

Recent Comments

That Was the Week that Was

 

AAU

Ariana – Surprise!

Time left: 07:04:47