Admission To Trading & First Day of Dealings
Carl Esprey, Executive Director of Contango Holdings, said: "I am delighted to have successfully brought this asset to market and I am confident that the work conducted on Lubu in recent years will translate to material value for shareholders in the near future.
"The remaining months of 2020 are set to be punctuated with high impact news flow as we look to deliver first production and revenues from Lubu by the end of Q4. Our strategy is centred on providing early cashflows from this, our first asset, and then expanding our production schedules to realise the full value of this +1 billion tonne coal project. I believe this is a message which will resonate with investors as we look to underpin the Company's financial performance with the objective of supporting a dividend policy.
"I look forward to providing further updates in the coming weeks and months as we begin our initial activities readying the site for production, specifically the refurbishment and development of supporting facilities, ground clearance and removal of overburden of the 20-acre area that comprises the initial mining zone within Block B2 of Lubu."
Carl Esprey, Executive Director of Contango Holdings, said: "I am delighted to have successfully brought this asset to market and I am confident that the work conducted on Lubu in recent years will translate to material value for shareholders in the near future.
"The remaining months of 2020 are set to be punctuated with high impact news flow as we look to deliver first production and revenues from Lubu by the end of Q4. Our strategy is centred on providing early cashflows from this, our first asset, and then expanding our production schedules to realise the full value of this +1 billion tonne coal project. I believe this is a message which will resonate with investors as we look to underpin the Company's financial performance with the objective of supporting a dividend policy.
"I look forward to providing further updates in the coming weeks and months as we begin our initial activities readying the site for production, specifically the refurbishment and development of supporting facilities, ground clearance and removal of overburden of the 20-acre area that comprises the initial mining zone within Block B2 of Lubu."
Show Notes
Admission To Trading & First Day of Dealings
Carl Esprey, Executive Director of Contango Holdings, said: "I am delighted to have successfully brought this asset to market and I am confident that the work conducted on Lubu in recent years will translate to material value for shareholders in the near future.
"The remaining months of 2020 are set to be punctuated with high impact news flow as we look to deliver first production and revenues from Lubu by the end of Q4. Our strategy is centred on providing early cashflows from this, our first asset, and then expanding our production schedules to realise the full value of this +1 billion tonne coal project. I believe this is a message which will resonate with investors as we look to underpin the Company's financial performance with the objective of supporting a dividend policy.
"I look forward to providing further updates in the coming weeks and months as we begin our initial activities readying the site for production, specifically the refurbishment and development of supporting facilities, ground clearance and removal of overburden of the 20-acre area that comprises the initial mining zone within Block B2 of Lubu."
Listen On
Also Listen
-
Mosman Oil and Gas (LON:MSMN) CEO Andy Carroll - Progress at EP 145 project, with Govt approval
Andy Carroll, CEO of Mosman Oil and Gas Ltd (LON: MSMN), spoke with Share Talk w -
Zak Mir talks to Bernard Olivier, CEO URA Holdings (LON:URAH) Production Begins at Gravelotte Emerald Mine
In the interview on Zak Mir's channel, Bernard Olivier, CEO of URA Holdings, dis -
Oracle Power (AIM:ORCP) Shareholder Q&A Q1 2024 - Zaks Traders Cafe
Zak Mir talks to Naheed Memon, CEO of Oracle Power, as she answers the latest qu -
Ondo Insurtech on track (LON: ONDO) CEO Craig Foster talks to Zaks Traders Cafe
Ondo InsurTech PLC (LON: ONDO), a pioneering firm in technology that mitigates