Scotgold Resources Investors - SGZ

Scotgold Resources Investors - SGZ

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Scotgold Resources Limited SGZ London Ordinary Share AU000XINEAK5 ORD NPV (DI)
  Price Change Price Change % Stock Price Last Trade
-0.50 -0.71% 70.00 16:35:12
Open Price Low Price High Price Close Price Previous Close
70.50 70.50 70.50 70.00 70.50
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pr100: They say they are fully funded but they have said the same countless times before and it always turned out not to be true. I suspect that it has been their strategy to hook investors in with a promise of needing no more cash, and then rinse and repeat every few months. Anyone who today believes they are fully funded should think about Albert Einstein's words: "The definition of insanity is doing the same thing over and over again and expecting a different result." The latest delay to production makes it even more likely that they don't have enough cash - especially as they have to process lower grades for many months before they reach the best ore. The hapless Gray also keeps pushing out production start dates which turn out not to be true; so the latest forecast of end February has to be taken with a pinch of salt.
pr100: How the hapless CEO kept shifting the goalposts. Just saying… 19/12/2018 - December 2019 forecast for production 28/8/2019 - March 2019 (civil engineering design delay) 16/12/2019 - May 2020 (peat issues) 27/3/2019 - “Beyond” May 2020 (Covid) 4/9/2020 - November 2020 (Covid) 12/10/2020 - November 2020 - and Phase 2 brought forward to May 2022 (£3m fundraising) 30/11/2020 - November 2020 (“on schedule”) 1/12/2020 - First gold pour (allegedly) - but production delayed to early 2021 (still testing plant) 21/12/2020 - “The Company is pleased to report that the complete plant has now operated at the design throughput rate of 7.5tonnes per hour” and “we enter 2021 having achieved our first Gold Pour on schedule, and we do so with an operating mine that is well placed to achieve our planned production ramp up” 29/1/2021 - March 2021 - “negligible production in January” (problems suddenly announced with materials handling, pump choice, filter press circuits and slow recruitment) For sure, Covid didn't help but most of the reasons for the delay have been self-inflicted and should have been pre-empted by a capable mine management. Unfortunately, Gray hadn't even been a director of any company before being inexplicably given the CEO's job at Scotgold. The Chairman must take the blame for that decision. The Covid delay should have given Gray even more time to test and plan properly but he didn't take it. Instead, the share price was ramped up with new metrics based on bringing forward Phase 2 and £1400 gold - to justify the £3m placing at 110p (heavily discounted at the time) in Oct 2020. Having failed to notify the market of any of the problems which were obviously growing, Gray was forced to deliver a "gold pour" of sorts on 30 Nov but this was clearly not the promised start of production. The 1 Dec RNS made it clear that production had actually been delayed to "early 2021" due to ongoing testing. The feelgood 21 Dec RNS surely misled investors into believing that everything was on schedule and then came the 29 Jan 2021 RNS revealing that Jan production had been negligible due to numerous previously unannounced problems. Production is now delayed until end Feb (March) but Gray's credibility is now so low that few will believe him again. That will depress the share price going forward - as will the probable cash shortfall caused by the latest delay…and the hurt to the mine metrics which are now based on £1400 gold (currently at £1345). The above record surely proves that the CEO is not up to the task - either as a mine developer or as a communicator, or as the head of a public company. Shareholders should be lobbying the Chairman for change - before the share price halves again. We know that there are no nuggets at Cononish but Gray isn't delivering gold at all.
pr100: Everybody can see that you're floundering - it's only you who think you're being clever. You have no reason not to post your alleged "proof" - except that you don't have any proof. All you amateurs can do is fabricate, shout, bluster and try to sound big. You're not attracting new investors here - surely even you can see that?
henrik1967: Read it and weep Simon , "SOAR" the man says or in your case Sore loser !lol Riding the gold train with UK shares Having exposure to gold remains a great idea, then. And I’d do this by buying UK shares. This often allows investors to ride any rise in the precious metal price while receiving dividends in the process. Concerns over the macroeconomic and geopolitical landscape remain and could give gold prices a big shunt higher again in the coming months. Irrespective of this, however, I think gold should remain well bought as ultra-loose monetary policy fans inflationary fears during this new decade and pushes interest in so-called hard currencies like gold. Gold bullion on a chart News yesterday that just 245,000 new jobs were created in the US in November has raised gold’s appeal even more. It’s fanned fears that the world’s largest economy is faltering again (610,000 jobs were made back in October). And it’s raised the possibility that the US Federal Reserve might come to the rescue again with more quantitative easing, raising existing inflationary concerns still further. The gold standard? I’d consider buying Scotgold Resources (LSE: SGZ) shares to ride the solid gold price outlook. But I’d also buy this UK share as production at its high-grade and low-cost Cononish mine in Scotland begins. The business will produce 9,910 ounces of gold in 2021 under phase 1 conditions, a figure that will blast to 23,500 when phase 2 begins in May 2022. The mining sector is fraught with risks for investors. The spectre of project delays, disappointing payloads, and unexpected costs is part and parcel of buying UK shares like Scotgold. But on the plus side this particular digger has the financing in place to get phase 2 off the ground. And it also ha option agreements to explore 3,000 square kilometres of the Grampian Terrane in central Scotland. This area is thought to contain significant gold deposits. Scotgold’s share price has rocketed 64% in 2020 on the rampant gold price and a series of bright exploration and project development updates. And I think it could continue to soar in the years ahead. This is one UK share I’d happily buy for my Stocks and Shares ISA today and hold for years.
davidosh: The Mello Team has created Mello Tuesday as an evening for sector and asset coverage and our very first will be dedicated to investing in GOLD. We will look at Gold as an asset and how to invest in it covering everything from buying gold coins and bars through to stakes in gold producers paying regular dividends. We will also cover ETFs, gold indexes, gold exploration & mining companies and investment funds, featuring a number of presentations. The webinar will provide a broad range with a panel session to cover all these options and assessing the risks and opportunities now open to investors. We have a fantastic line up for our investors to include the listed companies as follows.... Wheaton Precious Metals Serabi Gold Golden Prospect Adriatic Metals The evening will include the latest insights and analysis from investment managers, research professionals, analysts and experienced investors. Https:// To obtain a discounted ticket for just £5 please enter the code MTGOLD
pr100: "One of the most interesting things happens with the gold price – it is being dumped as safe-haven. However, while that is nothing new when the end of a recession is in sight, this time is interesting because the dumping comes against another safe-haven asset – Bitcoin… "…Since PayPal announced the introduction of cryptocurrencies in its online payments platform, Bitcoin never looked back. It jumped from $10k to $16.3k at the time of this writing. "But the gold price reacts closely to the stock market moves and developments within the economy. The decoupling between the two alternative investment assets seems to increase as more and more investors favor Bitcoin instead of gold as a hedge against inflation. "The last one to support and endorse Bitcoin is Stanley Druckenmiller. In a recent interview, the legendary investor said that he fears inflation coming up in the United States in the next five to six years and Bitcoin as a store of value makes perfect sense. "In the meantime, while the price of Bitcoin advances, the price of gold trades with a bearish tone. This must come as a shock to “gold” fans, but two bearish technical patterns point to a move below $1,700. One is a bearish pennant and another one a head and shoulders. In both cases, the invalidation for a short trade is at $1,890, provided bears wait for a break at $1,850 first."
steelwatch: Hardman & Co Mining Investor Forum Scotgold Resources Limited (AIM: SGZ), the gold exploration and production company focused on Scotland, is pleased to announce it will be presenting at the Hardman & Co Mining Investor Forum on 11 November at 3pm. The Hardman & Co investor Forum is an opportunity for directors from LSE and TSX listed gold and silver miners to present to a group of 150+ attendees of high net worth investors & wealth managers. Investors will have the chance to discover investment opportunities and get to know the companies better by asking questions online after the presentations. Shareholders and potential investors can register to join forum using the following link:
pr100: Those who stand to benefit from it claim all manner of future upside for gold: you and other gold shareholders rush to bring all hands to the pump. Meanwhile, the *facts* are that central banks have started to sell off their gold reserves and the jewellery gold trade is now in steep decline after years of gradual decline. But all commodities are cyclical and at some point in the future gold will certainly take off again; but first I fear it will collapse as the reality of physical gold supply and demand bursts the bubble which has been pumped up by the investors. If NLR really does divest part of his shareholding, as intimated last week, then it's possible he sees it that way too. So good luck with your pumping. I fear the current and imminent dump will see the end of the gold bubble for now and catch a lot of small investors out. And it may happen before the next quarterly figures are published. Gold demand is already 19% lower than a year ago and heading lower still. Russia is selling gold for the first time in 13 years. These are big ripples but the tsunami is yet to come.
pr100: Ask yourselves why Scotgold felt it was necessary to spend a chunk of change on banging the drum to new investors. The upcoming annual report will show that they are burning through cash at breakneck speed and that they are a long way short of being fully funded to deliver Cononish to profitability which is still years away. Chances are that the next fundraising will be sizeable and soon. But the lack of liquidity in these shares discourages outside investment. Investors need to know they can sell if needed without crashing the share price And a large investor needs to be able to influence the company's direction which is virtually impossible with NLR owning so many shares. Clearly, NLR's pockets aren't deep enough to see Scotgold through to profitability - or he simply feels he has as much exposure as he wants. So, allegedly in the interests of "liquidity" he seems to be on the point of divesting some shares in one or more dark pool deals - perhaps before they are devalued by further dilution. The current pumping seems designed to facilitate that. And the price he can get for them will be heavily discounted. So, be prepared. Coincidentally or not, the pumping coincides with the latest numbers from the World Gold Council which suggest that the gold bubble is about to burst. While investors are still buying gold stocks for now, the underlying demand for actual gold is falling off a cliff as the central banks start to cash in their reserves to see them through the pandemic crisis. And the biggest slice of the gold market - the jewellery trade - has plummeted 29% in Q3 to record lows. So Scotgold will be selling gold (or trying to)to a very depressed market. At some point soon the investment appetite for gold will reconnect with the falling demand for the stuff and the bubble will burst dramatically. Be prepared. Also, be prepared for the much-touted gold pour being a big disappointment - much as the BPT gold pour was. They will not be processing high grade ore. Like the BPT, all they have is a low grade stockpile of tunnel waste - and remember how wrong their grade forecast was for the BPT stockpile. Don't get scammed again.
glenalmond: Https://www.proactive Lose the space ^ 26 October 2020 Scotgold Resources Limited ("Scotgold" or the "Company) Shares and AJ Bell Webinar Scotgold Resources Limited (AIM: SGZ), the gold exploration and production company focused on Scotland, is pleased to announce it will be presenting at the Shares and AJ Bell investor evening webinar on 29 October 2020, at 18:00. The Shares and AJ Bell Media evening event webinar is an opportunity for senior board directors from listed PLCs to make a presentation about their company and update existing and potential investors on their business plans for 2020. Investors will have the chance to discover investment opportunities and get to know the companies better by asking questions online after the presentations. Shareholders and potential investors can register to join the webinar for free at: Https://
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