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Contango Holdings Plc ( (GB:CGO) ) has issued an announcement.
Contango Holdings Plc has received its first royalty payment of US$200,000 for the Muchesu coal project, with an additional US$800,000 expected, totaling US$1,000,000 as per their agreement with Huo Investments. The company is progressing with several agreements, including a US$20,000,000 Revolving Facility Agreement, and plans to finalize these agreements to align investor interests, underscoring the project’s value and growth potential.
More about Contango Holdings Plc
Contango Holdings Plc operates in the natural resources sector, focusing on the development and exploitation of the Muchesu coal project in Zimbabwe. The company’s primary product emphasis is on coking coal production, with strategic investments to enhance operational capabilities and market presence.
Average Trading Volume: 943,130
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £7.08M
See more data about CGO stock on TipRanks’ Stock Analysis page.
