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Share Name Share Symbol Market Type Share ISIN Share Description
Scotgold Resources Limited LSE:SGZ London Ordinary Share AU000XINEAK5 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 73.50 70.00 77.00 73.50 73.50 73.50 12,432 08:00:26
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -2.0 -4.1 - 41

Scotgold Resources Share Discussion Threads

Showing 5351 to 5373 of 5375 messages
Chat Pages: 215  214  213  212  211  210  209  208  207  206  205  204  Older
DateSubjectAuthorDiscuss
01/9/2021
12:16
Quote of the day: "Conclusion: Scotgold appears to have enacted a relatively quick and remarkable turnaround. We look forward to new production estimates from the mine sometime soon."
steelwatch
01/9/2021
00:45
Production update this week?
steelwatch
23/8/2021
21:20
https://www.mining.com/gold-prices-back-above-1800-on-deepening-virus-concerns
steelwatch
02/8/2021
22:09
Gold is primed to surge to fresh highs as the risks around central banks unwinding massive stimulus are under-appreciated by investors, said a fund manager who forecast the metal’s ascent to a record last year: https://www.bloomberg.com/news/articles/2021-08-02/gold-can-still-top-3-000-amid-recovery-says-quadriga-fund
steelwatch
02/8/2021
13:44
Barony Based upon comparisons elsewhere and making assumptions regarding moisture, smelting, refining charges and high grade as per previous shipment, my guesstimate is between £5000 and £6000 per tonne - between £250,000 and £300,000 for two shipments. Assuming 3 months MAMA, the full amounts might not be paid until November / December or later if umpire assays are involved. Natural variation in the gold content of sulphides may suggest that the enhanced grade of the first shipment, which would carry a premium price, may not be sustainable, especially if the small percentage of free gold, amenable to gravity separation, was bled away to jewellery dore (with its own income stream).
mineng
02/8/2021
12:49
How much is a tonne of sgz concentrate worth?
barony
02/8/2021
12:46
I wonder why they omit from the RNS all of the critical information investors need… but suspect that the critical information reads too negatively. Logically, if they are running around trying to raise new cash externally, these numbers can't be hidden - so are they saving them for an imminent revised production and cash flow estimate? Existing investors should not be strung along by these vague monthly production updates which attempt to hide the bad news. The share price can't manage a sustainable rise on this cloak-and-dagger stuff which lacks so much transparency. Remember what they wrote in the April RNS? [i]"The Company is pleased to announce that it has resolved the various outstanding technical issues affecting the processing plant at Cononish, which is operating consistently and currently focussing on ramping up to full design capacity expeditiously."[/i] So only fools and horses believe the nonsense they are putting out now.
pr100
02/8/2021
12:11
https://www.proactiveinvestors.co.uk/companies/news/956579/scotgold-reports-steady-progress-at-cononish-956579.html
steelwatch
30/7/2021
08:52
Starting to watch Gold Town about Scotgold on BBC iPlayer. Just shows how tough mining is. Big exposure for Scotgold. Not been reflected so far in increased investor interest as far as I can see.
plasybryn
23/7/2021
16:26
You are still talking, it’s very disappointing!
laminate badge
23/7/2021
15:33
No-one of sound mind would transport gold concentrate on a flatbed so either something else was in those sacks or the new boss is, er, hapless.
pr100
23/7/2021
14:36
Small sacks. Probably 3-4 men could shift them without mechanical help - but forklifts and other tools are available. This load may have survived unscathed but the next one could obviously now be a target. And no, I made no such promise.
pr100
23/7/2021
14:05
Pr100 - I think this was released after the truck had left,not that there are many highwaymen with cranes lurking in the Scottish countryside, ready to pull off a gold concentrate hiest anyhow. Secondly and more importantly, had you not promised to shut your pie hole once and for all? Be a good boy and stick to your word hey!
laminate badge
19/7/2021
17:39
Really? Easy-access sacks of precious gold concentrate on a flatbed? And now easily identifiable on the road… Pull the other one.
pr100
19/7/2021
17:01
"Another truck of gold concentrate leaves the mine at Cononish" https://www.pressandjournal.co.uk/fp/business/north-of-scotland/3319585/is-scotland-on-the-threshold-of-a-gold-bonanza/
steelwatch
12/7/2021
23:54
Documentary onBBC2 Scotland started tonight [3 episodes]
bscuit
02/6/2021
12:19
https://im-mining.com/2021/06/02/scotgold-boosts-underground-fleet-cononish-dux-truck/
steelwatch
02/6/2021
10:43
25 tonnes of concentrate shipped at above target concentration of au. What do we get paid per tonne? If straight value of concentrate gold, then 5 oz/tonne roughly times 25 =£1300x5x25 =£162,500 for the month. Not bad for part month.
barony
17/5/2021
17:57
Now £1,321.23 +16.98 +1.30%
steelwatch
10/5/2021
11:41
PR100 - what happened to you putting a sock in it?
laminate badge
06/5/2021
17:59
GBP gold price just now £1,307.41 +24.01 +1.87%
steelwatch
05/5/2021
08:42
So the previously announced short term interest-free director loan of £2m came through to keep the lights on for another month or two. It couldn't be secured on assets as those are already pledged as security to the chairman. And the absence of interest is an act of mercy since Scotgold are already buckling under the interest liabilities on their existing £15m of borrowings. The big question is how far £2m will take them. Most historical fundraisings have been gobbled up by their mounting liabilities - and going by the interim results signed off on 30 April, Scotgold were already effectively trading while insolvent at the end of 2020. At that point they had cash and cash equivalents of £2.6m and current liabilities of £3.3m. A further £500k drawdown on the NLR facility on 5 Feb, quickly followed by the final £500k tranche on 17 March wouldn't have touched the sides given the rate at which this project is burning cash. So an emergency £1.7m placing on 7 April was needed - now followed by a further £2m loan, taking total borrowings to a mahoosive £17.5m. The true state of the company's finances is evidenced by the fact that the chairman had to lend the company a trifling £22,800 to pay a bill for recruitment fees. We have already been warned that production and revenues will be lower than forecast in 2021 so the date when the mine finally generates cash keeps slipping back - meaning that more cash will need to be pumped in within a couple of months. Given that the mine needs an operating profit of around £1m per month to break even at the moment, much will depend on the numbers which they have so far been hiding from the market. Imho, this mine will keep gobbling cash throughout 2021 and possibly well into 2022. So be prepared for some hefty dilution before very long. And it may not be the last. No porky pies or omelettes here so this note is dedicated to habitual liar Risk.Manager in the other place.
pr100
30/4/2021
10:15
https://www.rns-pdf.londonstockexchange.com/rns/2163X_1-2021-4-30.pdf
steelwatch
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