Contango Holdings Plc (GB:CGO) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Contango Holdings PLC has advanced its operations at the Muchesu coal project in Zimbabwe following a £940,000 capital raise, successfully mining and preparing coal samples for potential southern African customers. The company is optimistic about solidifying several long-term offtake contracts this quarter, with current discussions indicating a demand of over 50,000 tonnes per month. Alongside operational progress, Contango is also exploring joint ventures or sale opportunities for the mine, with updates to be provided to shareholders.
For further insights into GB:CGO stock, check out TipRanks’ Stock Analysis page.
