Scotgold Resources Share Discussion Threads

[pr100] 07/3/2018 17:50

"But with the £3mln in place we can start the project"

Sounds like Gray isn't expecting to have the funding for phase 2 in place any time soon, if ever.

Maybe a different CEO would make more appeal to the moneymen.

[steelwatch] 07/3/2018 10:23

Sour grapes from Kempe:

[vfb1888] 05/3/2018 20:52

Better tan awe wong

[noh won sun] 05/3/2018 17:59

Good to see tings goin wight.

[glenalmond] 04/3/2018 08:37

Yes, thanks for that VfB. That was some most interesting info you showed me.

[bnagersandmash] 01/3/2018 14:53

Saw Richard Gray on Proactive investors.

No form of finance ruled in or out.

Cononish mine needs a 7.4 million total. Exploration on Grampian project scheduled end of March/ Early April, so additional exploration funding is being sought. < Grampian is outside the National Park and indicated on other studies as having more potential. This needs detailed confirmation>.

2 institutions being supplied. 50 other institutions seeking their gold. .

[baztea49] 01/3/2018 14:41

28,365,349 shares in issue and growing.Having an extra £3m in the kitty is not a bad thing but to sneak it in is.Still not a peep about the BPT gold recovered.Coming out now about the £10m is very sly indeed.As long as it is not wasted then it is no big deal but sgz track record is pish poor.

[pr100] 01/3/2018 13:41

NOW YOU MUGS KNOW - ANOTHER £7M NEEDED

Our faltering CEO has finally confirmed to Stocktube the news that Scotgold need to raise a further £7m to build the mine. "Around £10m in total" he says.

So you have been hoaxed into parting with £2.65m in the recent Rights Issue in the belief that this would be 30% of the total phase 1 cost (RNS 13/11/17).

Of course you were also hoaxed into believing that there would be only one further and final fundraising when Scotgold only waited a few days to ambush you with the first of doubtless many interim fundraisings to come when they announced a new £450k placing on 4/1/18.

The evidence is plain to see. You cannot believe or trust what the CEO tells you in RNS's - as I may have pointed out before.

You might also have deluded yourself into thinking that the PIs had done their bit for Phase 1 funding via the RI - but you would obviously be a fool to think that. I fear there will be much greater dilution to come before Phase 1 gets funded.

And still the CEO can't tell you whether any institutions have signed up. Indeed he has confirmed this morning that the balance of the funding will come from a mix of debt and more equity - and the dreaded vendor finance.

When will they ever tell us the truth when they are raising cash from us?



You have been warned.

[pr100] 01/3/2018 09:09

WHAT A DAY!

PP granted and all of 50k shares bought. This long-awaited news was apparently worth less than £20k of investors' cash.

Tyndrum alone should have splashed out £20k. The rest of Scotland a lot more.

As I discovered, it was impossible to sell 5000 shares (allegedly worth around £1700) throughout most of the day - and never possible to sell 10,000. So there was no latent demand, no hidden orders on the book. The MMs didn't want our shares.

And if they didn't want them yesterday, they probably never will.

Partly to blame was the mismanagement of the news. There should have been an RNS at 7am instead of after hours on Tuesday. Blame the CEO for that.

And presumably the fear of imminent mega-dilution prevented anyone who knew the time of day from investing. I blame the CEO for that as well. Financing has been mishandled and mis-communicated.

Time for change at the top if PIs are ever going to get out of the lobster pot.

[coliwobbles] 28/2/2018 21:02

Scotgold hasn't moved ahead....????

You so blinded in your efforts to get back at Richard Gray, for showing your 'white knights' the door (as I'd hope from an effective and highly regarded CEO), that actual FACTS become an irrelevance to you (when have actual facts EVER got in the way of your agenda...??)...???

Original planning approval left SGZ requiring £18.5mill start up costs, with very little funds in the bank.
This planning approval leaves SGZ with start up costs of approx. £7.5mill and over £3mill in the war chest (more than enough to get ALL preparations completed for processing plant induction).

Not moved ahead....???

Seriously...???

Looking forward to the next rights issue......it is after all the ONLY way to get your hands on any volume of stock...!!!

Tick tock....Quack quack

#nobonus....lol lol lol

[glenalmond] 28/2/2018 13:48

NOT WANTED - FOR BEING AS USEFUL AS A FART IN A SPACESUIT ...

[vfb1888] 28/2/2018 12:37

Every single board member voted in favour of Scotgold , despite the idiot from Parkswatch and his two stooges speaking against. They actually made themselves look very stupid. I wonder if they got all their false information from the in house NUMPTY.

Richard Gray on the other hand delivered a great speech and answered all of the Board members questions perfectly . A big hand to our great CEO.

[steelwatch] 28/2/2018 12:28

colli - regarding the eggs, all rotten one hopes...

[bnagersandmash] 28/2/2018 12:16

Pr100,
You said you were calling the polis. I expect you are as good as your word. Yes or no?
At least you called or wrote to the Regulator. I expect that was the FCA. Yes or no?
I expect your account of these matters was balanced with no omissions. Yes or No?

Just checking that you are not unhinged. As you do seemed to have lost your composure and objectivity.
Can you explain, in a coherent manner, what are these missing nuggets of secret good news you personally know or do not know?

[pr100] 28/2/2018 11:57

Scotgold hasn't moved ahead - it's back to where it was after the last mine planning permission was granted but with a much lower share price and market cap.

Anyone who misguidedly thinks they have moved ahead hasn't been paying attention - and must be dreaming that the large gaps in the company's disclosures are really nuggets of secret good news. They aren't.

[coliwobbles] 28/2/2018 11:51

PATHETIC

....methinks you need to change your broker. I just got a quote to sell a hell of a lot more than a PATHETIC 5k.....whether that be a real or imaginary 5k of course...

Only shareholder objections in recent times have been 442 and 47 shares.....???
Why didn't you put your money(shares) where your extremely large and active mouth is when the chance to vote against the BOD arose....???

Just a keyboard warrior....????

Tick tock.....Quack quack

[coliwobbles] 28/2/2018 11:46

STRATEGIC BLUNDER

....still attempting to destabilise and deramp a company that's clearly moving ahead without the need for your 'white knights'....

Hope you haven't put all your eggs in the one bonus basket....lol lol lol

[pr100] 28/2/2018 08:31

PATHETIC

Fewer than 30k buys and I can't even get an automatic quote to sell a paltry 5k.

[pr100] 28/2/2018 08:05

STRATEGIC BLUNDER

…not having a 7am RNS.

Not surprised. Gray doesn't seem to understand AIM or investor relations.