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Contango Holdings Plc ( (GB:CGO) ) just unveiled an update.
Contango Holdings Plc has received an additional royalty payment of US$300,000, bringing the total under the Mineral Royalty Agreement with Huo Investments to US$500,000, with an additional US$500,000 expected soon. This financial boost, amid ongoing agreements with the investor, reinforces Contango’s capital position and highlights the significant investment interest, as Huo Investments becomes its largest shareholder, underscoring the project’s potential and strategic importance.
More about Contango Holdings Plc
Contango Holdings Plc is a natural resources company focused on developing the Muchesu coal project in Zimbabwe, which has a resource of over 2 billion tonnes. The company is engaged in agreements to unlock the project’s value, with a market focus on leveraging partnerships and investments to advance its operations.
YTD Price Performance: 4.00%
Average Trading Volume: 770,737
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £9.85M
Find detailed analytics on CGO stock on TipRanks’ Stock Analysis page.
