Scotgold Resources Share Discussion Threads

[pr100] 22/11/2019 14:11

There are approx 2.5m 40p option shares floating around which expire at the end of December. Scotgold has announced receipts for 153k option shares so far, leaving approx 2.3m unaccounted for but presumably incoming as they represent free money (if sold into the market for more than 40p) - both for the holder and for Scotgold.

I reckon that over 100k of those exercised option shares have already been sold, hence the drop in the share price over the past week.

At that ratio (of sellers to keepers), we can expect around 1.6m option shares to be flipped onto the market over the next 4 weeks, if the share price remains above 40+p.

The impact on the share price won't be pretty - but at least Scotgold are trousering some extra much-needed cash (40p x 2.5m) to put towards their previously hidden $16m exploration commitment in the Grampian licenses. So it's not all bad.

Let's hope there is no more bad news this year (such as an honest new date forecast for first gold production) or the share price could fall back to where it started, or even lower.

[pr100] 22/11/2019 01:56

The currency units are irrelevant. The share price fell from £0.01 to £0.002 following the placing and it has never recovered - even after announcing that the mine was "fully funded".

ISTR there was a lot of suspicious selling just before that placing of 62.5m new shares was announced. I don't suppose you know who the culprit was?

Anyway, brace yourself for more, as soon as the options revenue dries up I should think. Gray has no shame.

[vfb1888] 22/11/2019 01:46

Come on Mr discussion , talk us all through your 300% profit on here while you talked it all the way down with your PROVEN LIES. How low will you go while hiding behind your keyboard Mr Coward of 100 lies . Post a throw away e-mail for all 100 lies and more from the PR Chap , Man of 100 LIES

[vfb1888] 22/11/2019 01:28

Wrong again buttercup , lol at you you prize plonker , shares never hit 10p pre or post consolidation ! Well there's another lie to add to your massive list !

Old Chap , Man you just keep on giving the laughs out for free , your in the wrong game old man !

The only thing that you can set your watch by is the lies that flow from your rear end that is connected to your minuscule old head . AND the fact that you are always wrong

My sides are almost bursting now laughing at you losing the plot and making a prize plonker of yourself over and over again and everyone knows you know nothing about nothing ! Anyone in any Doubt just has to look over your posting history or drop me an e-mail and I will share it all from my extensive library of your lies .

Suck it up butter cup ,it will only get better for you , lol at you again

[pr100] 22/11/2019 01:01

Here's the thing as you obviously have a short memory. The mug punters who fell for Gray's false promise that Scotgold didn't need any more cash and and bought at 10p (£1 in today's money) on the first gold pour in 2016 are STILL out of pocket three and a half years later.

And those who bailed out when the share price dropped to 2.15p (=21.5p) in late 2017 lost practically all their money thanks to Gray's deception.

My worry now is that history is about to repeat itself. Make no mistake: based on the latest filing, Scotgold need a lot more cash before they will ever see cash generated by Cononish.

The CEO is tainted after that BPT gold pour placing. He can't be trusted - as has been proven by his decision not to disclose the $16m commitment to Grampian exploration. Once a deceiver, always a deceiver.

So just watch out: I know you are heavily mortgaged.

[vfb1888] 22/11/2019 00:38

Would that be one egg or two in your omelette Mr semi outsider. Suck it up buttercup
There is a lot more to come from my extensive list of your lies.

You have claimed that Mr Gray made you 300% profit, how much did your suggested replacement lose his shareholders . Come on mr PR Chap , Man of 100 lies. How much Mr Muppet loser.
ANSWER THE QUESTION !
LET US HAVE A DISCUSSION !
PROVE SOMETHING MR WONG !

COME ON STEPTOE MAN UP AND ASK YOURSELF "COWARD"

[pr100] 22/11/2019 00:25

Tell us, wee Graham, did you, as a semi-insider mug punter, know about the commitment Scotgold signed in December 2018 to spend $16m on exploring the Grampian licences - $5.9m of which had to be expensed by the end of next month?

If yes, that probably explains why you've let yourself be diluted here.

If no, do you feel bitter? Do you think the hapless Gray should have stuck to the market rules and disclosed this huge commitment to the market without delay?

Either way, honestly, do you agree that Gray has to step down?

[vfb1888] 21/11/2019 23:06

Hey Old shylock the omelette muncher , this is one of yours ! Can you confirm if you just got this wrong or if it was a lie or you are just speed reading g or were you just to plain stupid to know the difference :

“Just to bang the corporate governance drum one last time for this evening, I'm confused as to how the directors were able to take up their entitlement in the Non-renounceable Rights Issue, as announced in the "Change of directors interest" RNS's dated 1 December 2014.According to Schedule 3, paragraph (l) on page 27 of the NOTICE OF GENERAL MEETING AND EXPLANATORY MEMORANDUM issued on 30 July 2014: "Optionholders will not be entitled to participate in new issues of capital offered to Shareholders during the currency of the Options".So, the options were current and yet the directors who were optionholders did participate in the Rights Issue, despite apparently being barred from so doing.Hopefully someone will tell me if I have got this wrong.” (09/14/2016)

The Directors were entitled (and indeed expected) to participate in the Rights Issue by virtue of their shareholding

Suck it up buttercup

[vfb1888] 21/11/2019 22:41

So good I had to post it twice , lol

[vfb1888] 21/11/2019 20:42

LOL AT YOU
There will be nothing sudden about it Mr PROVEN LIAR

You discuss nothing and you answer nothing and you prove nothing but I have proved you are a liar on multiple occasions as have multiple others on multiple boards , especially those USOP boys with everything from your IP address to your home address and your false insurance claims and your little pets misfortunate meeting with that lamppost whilst drink driving . All of which has been proved and is a matter of record .

Take us all through the guy you wanted as CEO , you know the one that all but destroyed his shareholders value compared to the one we have here who allegedly made you 300% profit profit which is also something you can't prove.

YOU ARE A PROVEN LIAR

[pr100] 21/11/2019 19:14

Let's not forget the important stuff. Where is the money coming from to fund this sudden $16m exploration programme? Do you seriously think the mine is going to throw off that kind of cash? I fear that Scotgold will be releasing most of the new licenses early so as to avoid the commitment. They've already discovered that their shareholder base can't or won't put up much cash and NLR will presumably have to curtail the lending soon.

[vfb1888] 21/11/2019 17:08

You discuss nothing and you answer nothing and you prove nothing but I have proved you are a liar on multiple occasions as have multiple others on multiple boards , especially those USOP boys with everything from your IP address to your home address and your false insurance claims and your little pets misfortunate meeting with that lamppost whilst drink driving . All of which has been proved and is a matter of record .

Take us all through the guy you wanted as CEO , you know the one that all but destroyed his shareholders value compared to the one we have here who allegedly made you 300% profit profit which is also something you can't prove.

YOU ARE A PROVEN LIAR

[steelwatch] 21/11/2019 16:52

Cheers Hyper. You're out on licence.

[pr100] 21/11/2019 14:06

PS. The forum rule which you think you have invented is that only happy-clappy, positive, non-critical, naive, goldbugs are allowed to contribute.

Sorry to have to tell you that useful, well-researched, negative posts are just as welcome (just not by you)!

Tell me, do you pump/post in any other forums or is Scotgold your first and only investment? Your chums seem mostly to be one-stock wonders too.

I think you should all get out more and learn about the markets.

[pr100] 21/11/2019 13:14

What tosh. I get into lengthy discussions about (in)visible gold, finances, $16m exploration commitments and plenty else which is on topic.

So what's the revised date for first gold production? Will it be in 2020?