Scotgold Resources Share Discussion Threads

[steelwatch] 25/11/2019 07:19

So, that's put paid to that line of attack 🌞

[pr100] 23/11/2019 19:38

Get a grip, wee Graham. The local thieves already know where the mine is and with double shift working and, presumably, 24/7 security, it won't make a blind bit of difference if the site is streamed or not. Arguably, it will help as the local polis would be able to keep an eye on the place too.

And you obviously don't know how these solar cameras work. First they don't need sunlight, just a few hours of daylight is enough to keep the batteries topped up. And if they go a few days without any light at all, the batteries would see the camera through.

I know you're just looking for excuses not to let the bulk of the mug punters see what's really happening up there but if Gray wants to salvage any trust and credibility he needs to embrace transparency.

[glenalmond] 23/11/2019 15:41

Hey Steely. Yup, I was never in doubt as to who the sad sack culprit was. I see he's since been posting away here like a maddie. Is he raging - or just a nutter?

[pr100] 23/11/2019 14:51

Some critical numbers from the 2019 annual report:

"Note 10: MINE DEVELOPMENT EXPENDITURE: $20,293,754"
(including $15,180,832 of deferred Cononish mineral exploration and evaluation expenditure from prior years)

"Note 12: BORROWINGS: $4,387,752"
NLR loan increased to approx $14,000,000 (£7,500,000)after year end.
First two loan tranches totalling approx $7,500,000 (£4,000,000) now assumed to have been drawn down.
Loan secured on the assets of all SGZ subsidiaries.
Interest payable at 9% per annum on amounts drawn down.

"Note 17 - COMMITMENTS FOR EXPENDITURE (on new Grampian licences): $16,429,693"
Estimated minimum expenditure by Dec 2019: $5,941,989
Estimated minimum expenditure in 2020: $2,707,996
Estimated minimum expenditure in 2021-23: $7,779,708

(on APT Processing Plant): $5,687,777 (USD 3,862,667)
Due for payment by March 2020.

"Note 26: FINANCIAL INSTRUMENTS"
Cash at bank (at June 30, 2019): $3,917,920
Subsequent to year end, reduced by cash burn to an estimated $0 and increased by assumed drawdown of loan tranche 2 of approx $3,750,000

DO THE MATH YOURSELVES! There is a cash crisis looming here - even if gold production miraculously starts in Q1 as it takes months to get paid for. We have been told that the early ore will be low grade so it could take a long time to generate cash. And there has to be a serious risk that gold production will be delayed, given the state of the plant building work.

Anyone who bought in on Gray's promise that the mine was fully funded is about to find out just how misleading that was.

[pr100] 23/11/2019 13:38

Wee Graham's 235, 268, 275, 285, 290 also MIA.

But don't stop breaking the rules boys, please.

It's possible you might not get a permanent ban.

;-)

[pr100] 23/11/2019 13:37

Wee Graham's 235, 268, 275, 285, 290 also MIA.

But don't breaking the rules boys, please.

It's possible you might not get a permanent ban.

;-)

[steelwatch] 23/11/2019 13:11

glen - 305 & 307 not me, so guess who, LOL.

vfb - thanks for the 3D tunnel vision.

[vfb1888] 23/11/2019 13:03

Can't be you can it shylock , your house bound are you not
PROVEN LIAR

[vfb1888] 23/11/2019 12:27

Picture in that one , lol you were an old togger in that one .
Did you ever get the internet sorted out down your road , you know the one you were moaning about on the forum and what about the pins on that old door you inherited.

[glenalmond] 23/11/2019 12:20

Oh look, here he is again

[glenalmond] 23/11/2019 11:50

Always enjoy a guid larf, Vfb 😂 🤣

[glenalmond] 23/11/2019 11:28

😄 Just noticed a couple (at least) of my posts are MIA, namely 305 & 307. Does anyone have any idea why or who was responsible?

Meanwhile, you'll like this from

[pr100] 23/11/2019 10:25

What are the chances that Scotgold will allow shareholders to monitor progress for themselves? Dare they allow us to watch progress on the construction and testing of the new facilities? It would be a) easy; b) cheap; and c) transparent to let us tune in to the unfolding drama whenever we like - and satisfy ourselves that it's all coming together in time for Q1 gold production. The media would love it too.

A solar-powered, weatherproof 4G IP CCTV camera (or several) is all they need. It only takes 10 minutes to install and set up one of these and the PR benefit could be huge. I've even found the perfect camera for them:


Wires-free and IP67 rated, it will withstand the worst of the Scottish weather and it even has IR night vision so we can keep an eye on those cute badgers and bats. What's not to like?

It might also prevent snooping shareholders sending in their video drones to find out what's really going on up there.

[vfb1888] 22/11/2019 19:38

Simple Minds Classic ,just for you shylock

[vfb1888] 22/11/2019 18:41

Yeh shylock , your not that "bovvered" are you ! lol That's why you keep biting yah muppet , lol at you PROVEN LIAR

Here is another example of you being ? Wrong ? Lying , Misleading ? Just Stupid ?
Devious Liar ! My money is on the last one as nobody even an idiot like you can be wrong that often , even a broken clock is more accurate than you .

“Looks like turkeys are being asked to vote for Xmas. Surely NLR and associates are looking to grab the asset/security at the first opportunity? That's assuming the bank agrees to an extension - which they haven't yet done so they could theoretically foreclose on Monday.Even assuming that the bank plays ball and the NLR deal is voted through, how can SGZ raise funds for any sort of production when Marketco already have an option on 100% of the production? What's left to base an offtake deal on? And where's the new feasibility study? How can they be forecasting production from this month? Why no comment or discussion today? Is it shock?” (6/27/2014)

MarketCo have an option to purchase approx 25% of our production you silly old speed reading loser . PROVEN LIAR

[pr100] 22/11/2019 15:50

Don't you ask yourself why I don't seem bovvered by you, wee Graham?

Work it out, son.

Meanwhile, beware the upcoming option share sales - and those who claim they won't be selling. Trust no-one. Only Adam Fleming knows if he will hold onto his option shares - he is famous for buying and for selling. All you know is what your own intentions are - and they aren't necessarily what you spout in the forums. Would you like to see my evidence that you have flipped shares before Scotgold placings?

What is certain is that Scotgold badly need the option exercise cash of up to £983k so it would not surprise me if they or their advisers were artificially holding the share price at an appealing enough level to secure as many option share purchases as possible. We'll see what happens if/when any support is removed.

And brace yourself for the next fundraising which I reckon will come in mid-late January, after all the options dust has settled.

[vfb1888] 22/11/2019 15:06

Hey Shylock ,
Don't you get fed up eating all those omelettes , does it not bag you up and fill you full of s--t ? It would explain why you continually spout it all day every day

QUACK QUACK Oops old bashed bent Bentley

USOP Boys , lol

[vfb1888] 22/11/2019 15:00

You are a very sad individual with a very obvious agenda
Yet another example of the PR shylocks 100 lies :

"Where did the A$0.006 price come from? According to the CLN circular at the time, the conversion price would be A$0.0075 (=UK£0.004). Are PIs being stiffed?.....The A$0.006 price reduced cash receipts to A$220K” (09/03/2016)."

This is factually wrong as the A$0.006 price was correct and as there were no cash receipts (this was an existing loan facility converted into equity) and it is misleading as PI were not being “stiffed”;

LOTS MORE TO COME PROVEN LIAR