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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% 70.50 70.00 71.00 70.70 70.50 70.50 98,450 08:00:13
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -2.0 -4.1 - 40

Scotgold Resources Share Discussion Threads

Showing 5326 to 5347 of 5350 messages
Chat Pages: 214  213  212  211  210  209  208  207  206  205  204  203  Older
DateSubjectAuthorDiscuss
08/4/2021
18:16
Gold price at the moment £1,278.37/troy oz https://goldprice.org/spot-gold.html
steelwatch
08/4/2021
00:39
https://www.proactiveinvestors.co.uk/companies/news/945908/today-s-market-view---phoenix-copper-ironridge-resources-castillo-copper-and-more-945908.html Scotgold Resources* (LON:SGZ) 72p, Mkt Cap £40m – Earnings update BUY – 147p (from 177p) The Company raised new equity last week and updated on the status of the Cononish ramp up process. £1.5m was raised in a placing of 2.1m shares at 70p. Additionally, Bridge Barn owned by major shareholder and the Chairman of the Company Nathaniel le Roux agreed to provide further debt funding of £0.5m if it is needed in the future. The Company reiterated its CY21 production guidance for 25.7-28.5kt throughput and 7.0-7.9koz gold. Proceeds will cover working capital requirements as operations at the recently commissioned high grade Cononish mine ramp up. Longer than expected ramp up at the processing plant see commissioning of Phase 2 expansion to 72ktpa being delayed to Sep/22, from previous target May/22. Processing plant issues highlighted earlier are being addressed including at the filter press part of the circuit that held back ramp through March. The Company also released updated Cononish earnings and NPV projections adjusting for new ramp up schedule and lower gold price assumptions reflecting a pull back in market prices. Using £1,250/oz gold price, the mine is expected to generate >£20m in EBITDA and >£15m in FCF (post-tax) per year following Phase 2 ramp up to 72ktpa, ~24kozpa GE and ~£430/oz (~$600/oz) AISC. Conclusion: The fundraise along with access to expanded loan facility covers working capital requirements as the team ramps up production at the recently commissioned high grade Cononish operation. Our updated earnings estimates largely reflect lower long term gold price estimates ($1,800/oz v $1,925/oz previously) and adjusted FX assumptions (1.4 v 1.3 before). We expect the plant to ramp up to design 36ktpa (3ktpm) processing rates through the current quarter with CY21 production expected at 26kt and 7.7koz, in line with latest Company guidance. On spot prices (~$1,740/oz, 1.4 FX), we estimate Scotgold to generate ~£20m EBITDA and £15m FCF (post-tax) at Phase 2 implying 2.4x EV/EBITDA multiple and 39% FCF yield. We would argue that given high grade nature of the deposit, favourable jurisdiction and significantly de-risked status of the project (permitted, in production and ramping up), a target multiple of 4.0x is applicable translating into 128p NAVPS at spot gold prices. We value Scotgold on DCF5% basis at $1,800/oz/1.4 GBPUSD with no premium included in our estimates for the dore part of the Cononish production or ~25% of annual output (although the management has highlighted strong demand from local jewellers willing to pay a premium for locally sourced gold of up to £400/oz on anecdotal evidence) to arrive at updated 147p NAVPS reiterating our BUY recommendation.
steelwatch
03/4/2021
18:02
Sadly, I won't be able to retire from here if that idiot Risk.Manager and others continue to post blatant lies about me. To be fair, just about everything he writes is pure fabrication, fuelled by chronic paranoia. But I can't let him get away with pretending that his wet dreams about me are real. Today's big lie: "PR100 did approach BBB with an offer of untraceable email and untraceable mobile number." For the record, these are the facts: 1. I have never approached BBB - or anyone else on any SGZ BB - about *anything*. 2. I do not initiate, or respond to, private messages on LSE, ADVFN, Twitter, Facebook or any other channel. 3. I have never spoken to, or privately corresponded with, anyone posting on any SGZ BB - including BBB, Rockhead, Uncle Tom Cobley and all. 4. I have never used, nor offered to anyone anywhere in the universe, an untraceable email. 5. I have never used, nor offered to anyone anywhere in the universe, an untraceable mobile number. 6. I fly solo and always have done so have never been a part of any gang, group, organisation or ring. 7. Risk.Manager is a liar. 8. Risk.Manager cannot, and will never, produce any evidence to substantiate his ridiculous lies. I make this clear in the unlikely event that there is anyone who believes a word the Risk.Manager nutcase writes. If he persists in making up nonsense about me, I will unretire from this BB and continue to highlight Scotgold's failings with renewed vigour - so anyone who prefers to live in ignorant hope should make sure that Risk.Manager, and his cronies, post proof if they really must continue to tilt at windmills.
pr100
01/4/2021
15:53
Sterling gold testing £1250/oz https://goldprice.org/spot-gold.html
steelwatch
01/4/2021
13:26
Gold seems to have hit a double bottom. Only one indicator as to here it goes from here of course. free stock charts from uk.advfn.com
steelwatch
01/4/2021
10:49
No 7am RNS from the new boss, as some would have been hoping for. Do we know that he is actually there? His first job, surely, from a personal and regulatory perspective should have been to update the website to include himself! And yet we're approaching lunchtime and the hapless Gray is still listed as the CEO. Meanwhile, the paranoid nutter who writes the most but contributes the least of all the cult followers in the other place believes that I published extracts here from yesterday's RNS before the RNS was syndicated. I suggest he wastes even more of his pointless life by reporting me to the authorities. (Not that anyone apart from me reads his demented diatribes, surely.) But is the cult still intact? Many of the LTHs seem to have finally lost faith. And the cult leader has done a runner. Anyway, unless I feel the urge to comment on major news from Scotgold, this is farewell from me. The hapless Gray who incurred my disdain, suspicion and wrath over his years of false promises, missed targets, inept forecasts and cash-raising ambushes, has finally been sacked and I hope the new guy can rescue the mine from the mess that Gray left it in. I hope I have helped some and annoyed others.
pr100
31/3/2021
18:23
Just for the record pr: free stock charts from uk.advfn.com
steelwatch
31/3/2021
08:45
More cash required I see and a nice drop in sp, but still grossly over valued, considering others are in production, paying a divi and still priced well below this one. Will sit on the sidelines a bit longer as am sure my target price will come. Before you ask 20p. According to the guru's first we will see 1,600 before rocketing to $3,000 So time yet.
cinoib
30/3/2021
14:03
Gold price falling and the outlook is bleak for months, say the analysts. Now at £1,225/oz, it's already a long way below the £1,400 level on which the Cononish life-of-mine revenue forecasts are based. Presumably Scotgold will re-work those numbers shortly. Not that it's having an immediate impact since the mine isn't producing any/much gold, as far was we know. Some might say that at least the hapless Gray is off the hook on this one but others will think it was rash to cash in on the £1,400 metric to boost the value of the project (on paper) just because it was briefly credible.
pr100
29/3/2021
13:19
It's not looking great for hitting the latest and much reduced Cononish target of 1,000t of ore by the end of this month... When TyndrumBoy1872/henrik1967/vfb1888/wee Graham/etc only posts once in the past fortnight, he's got to be keeping his head below the parapet because his news ain't good. Well soon find out.
pr100
23/3/2021
01:45
Gold bullish longterm. Miners to lead the way. See video: https://www.kitco.com/news/video/#_48_INSTANCE_puYLh9Vd66QY_=https%3A%2F%2Fwww.kitco.com%2Fnews%2Fvideo%2Flatest%3F New chart above to watch - SGZ v Gold Miners Index STOXX:4UGJ https://tinyurl.com/x2sukj6s
steelwatch
18/3/2021
12:52
https://twitter.com/GOLDCOUNCIL/status/1362039074362638338?s=20
steelwatch
15/3/2021
17:40
Well, tempting providence, I've spoken to Sheila Fleet today about ordering a Scotgold ring with full provenance for our golden wedding in September. They're making a silver one to try for fit first as the design does not lend itself to alteration. The ultimate Scottish gold ring price will depend on forward spot, so bound to go up now. One or two pieces still in stock from the BPT, but too small. Sheila's son who I spoke to is confident more gold is coming this Spring.
steelwatch
15/3/2021
08:53
Episode 2 of Gold Town was dismal viewing as the delays unfolded on camera. The lack of preparedness and contingency plans was plain to see - and it's still embarrassing to see the hapless Gray promising people back then that the mine would definitely be in production by the end of 2019. As we know, it was nowhere near production in March 2020 when Covid hit. Total shambles. They even chose the wrong groundworks sub-contractor whose large and heavy plant was unsuited to the terrain. Belatedly, they fired them and put their own mining crew to work instead of leaving them standing around doing nothing forever. No doubt episode 3 will end in a blaze of fabricated glory on November 30 2020 - with the gold pour which we all know was a con. The TV crew needs to be back there now filming the unfolding tragedy for episode 4.
pr100
09/3/2021
15:56
I would not trust this rise. If pog not down by friday, I will eat my keyboard. Mind you I have just had to buy a new one over Tesla today.
johny cash
08/3/2021
15:59
You tell me, mineng: I was just taking notes from the soundtrack.
pr100
08/3/2021
15:22
pr100 No one said that they had bought that particular drill. Wasn't that the temporary loan machine? When was it filmed?
mineng
08/3/2021
09:19
Unsurprisingly, there doesn't exactly seem to be a rush to buy shares after last night's opening episode of the downbeat/boring 'Gold Town' on BBC Scotland. Being an Open University co-production, it was never going to be as compelling as Discovery's 'Gold Rush' - but they surely could have shown some gold, other than wee Graham's BPT round which he whips out of his pocket at every opportunity. The cast of CEO, a couple of managers and 10 or so rookies-in-training doesn't inspire confidence. The least dynamic gold mine crew ever to have cameras pointed at them accepted no responsibility for the constant problems and delays - all of which should have been foreseeable but none of which was ever built in to accurate forecasts. We learnt that they had spent £400k on a drilling machine which wasn't suited to the job at Cononish. Was that the hapless Gray's decision? We learnt that the Cononish gold was "microscopic" - but a few of us knew that already. We learnt that gold ore was being stockpiled as long ago as October 2019 (albeit not enough to produce more than an ounce at the fake first gold pour). Presumably they had to stop bringing the ore out as they don't have any more storage space for it. We saw that the place got boggy and that they were brought to a standstill by the unexpected amount of precious peat on the site. Which dolt carried out the peat survey? We heard from far too many foreign tourists. Who cares whether they knew about the Cononish mine or not? And we heard nothing from the local authorities who could have added some much-needed interest. The chairman put in a cameo appearance and not surprisingly seemed worried. More of the same to come; but this 3-part series ends with the fake news of the scam gold pour. Scotgold at least had the sense to kick the TV crew out before it became obvious that the scam gold pour was just the start of their latest troubles. (Did the hapless Gray delay the latest bad news so that the TV crew could finish on a high?) Maybe they'll film part 4 - the one where the mine produces 1 ounce of gold (allegedly), the new plant fails to process the ore and has to be redesigned, they run out of cash yet again, the CEO gets sacked and the share price falls off a cliff. That would be worth watching.
pr100
07/3/2021
09:15
For those not thinking straight in the other place, Scotgold will want to maximise their profit - and Scottish gold will only make sense to an accountant if they can sell it for a premium which at least covers its extra production cost. (They might be willing to take a hit for a short time if they can't get the required premium because the PR value of Scottish gold is worth something; but that value will diminish after the first year of production.) ISTR that the BPT gold was sold for a premium of at least 30% and the jewellers who bought it would obviously have passed that on to their customers. But the fact that Sheila Fleet still has stock of their Scottish gold pieces after 4+ years indicates that it hasn't flown out of the door at the premium price. So I assume that the premium the jewellers are willing to pay will now be lower than it was back then. If it costs Scotgold 30% extra to produce Scottish gold then they will need a 30% premium, otherwise it will be re-routed to spot like the rest of the gold. Based on their statements, this has always been Scotgold's strategy if they can't find a Scottish smelter to produce it more cheaply than they can at Cononish. They were looking at alternative production routes but everything went quiet on that front which presumably means that none has been found. It's not rocket science.
pr100
06/3/2021
07:23
Lockdown won't have helped jewellery sales over the past year but even so Sheila Fleet still have a selection of Scottish Gold jewellery for sale - a full four years after they took delivery of the BPT gold from Cononish. https://sheilafleet.com/collections/scottish-gold-jewellery So did they overestimate demand? Is the much-touted "Scottish Gold premium" dead in the water? For sure, if Scotland's leading jewellers can't shift premium-priced Scottish gold then no-one can. Not that it will matter much to Scotgold. ISTR that it costs them 30% more to produce provenanced Scottish gold, in which case they would make the same or better margin by channeling all gold into the concentrate and settling for spot - which I suspect has been the plan all along since they never included the Scottish gold premium in their projections.
pr100
05/3/2021
21:50
Who knows? https://www.kitco.com/news/2021-03-05/Brutal-March-Gold-price-at-risk-of-a-flash-crash-to-1-600-analysts.html Volatility cuts 2 ways.
steelwatch
05/3/2021
08:43
I assume that no-one wastes their life reading the constant stream of fabrication, conspiracy theory and opacity that the risible Risk.Manager spews out for his own pleasure, but just in case he has fooled anyone into believing that the above posts are untrue, check out the facts for yourself. It is extremely dangerous to rely on other posters for research when the other place is polluted by LTHs whose sole ambition is to mislead you into thinking that everything in the garden is rosy. Specifically they tell you that this comment above was a lie: "The price of gold continues to fall and is now £175 below the £1400/oz level on which the life-of-mine economics are now based." And yet they must have read the following words in Scotgold's 30/11/20 RNS: "Recalculated model using the accelerated Phase 2 development strategy and gold and silver prices of £1,400/oz and £19.23/oz respectively deliver highly attractive Life of Mine ('LOM') economics." So I posted yet another fact - one of many that the scammers and rampers choose to ignore in case it damages their wealth. Meanwhile, to distract you from this fact (which must surely see the LOM economics projections revised soon), wee Graham/henrik1967/TyndrumBoy1872/CP52/vfb1888/etc talks instead about the average AISC which even if it were accurate when it was first published, certainly isn't accurate any more. Tread carefully. They're out to con you.
pr100
Chat Pages: 214  213  212  211  210  209  208  207  206  205  204  203  Older
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