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[mineng] 02/7/2020 14:08

repeat deleted

[mineng] 02/7/2020 14:08

pr100

They have planning permission to move the peat do they not?
I thought the issue as expressed was the physical difficulty of handling it.

AS for the Galantas mine. IMHO That will happen. The fundamentals are compelling and specific issues appear to being dealt with one by one. Whether that will be completed by a partner or Gal themselves remains to be seen.

As for your comment re Phelps, he is an employee but not in the traditional sense as a gun-for-hire. That much is obvious.

You are correct that you are not alone in wind-ups!

[pr100] 02/7/2020 13:45

mineng, I imagine there's plenty to be getting on with but they can't build a working mine until or unless they solve the peat problem - which they told us via RNS affected the site-wide drainage system and establishment of the dry stack tailings storage facility.

Peat is protected throughout the UK for multiple reasons - - and I assume that even the hapless Grey realises he needs to issue an RNS if/when they manage to overcome the problem.

Phelps is indeed currently employed but with the future of the Galantas mine looking uncertain, he might become available - which would be a huge bonus for Scotgold imho.

As for wind-ups, there are several persistent wind-up merchants posting here, in case you hadn't noticed.

[mineng] 02/7/2020 12:00

pr100
I suspect that you are just looking to wind up certain parties on here.
I also suspect you are aware that the man you suggest isn't available anyway. Are you using his name to provoke a reaction?

The issues here with peat will no doubt be dealt with the right equipment and drainage. It may take longer but that doesn't stop progress underground.

If there is an issue and I don't know if there is, it may be as a result of dilution. Excess dilution is common in narrow vein mines and hard to control. It results in a larger amount of tailings being produced per ounce of gold in concentrate. The fabric bag storage arrangement is innovative for a mine in production and many will be interested to see how this works out commercially in practice.

[pr100] 02/7/2020 11:18

Och, wee Graham, you're easily pleased aren't you? Tread carefully. As I opined, the peat problem isn't solved until there's an RNS telling you so. Ask about the site-wide drainage system, etc.

And of course, brace yourself for another financing deal.

Give yourselves a chance and get Phelps.

[bnagersandmash] 30/6/2020 18:12

Just so happens this thread has ended up in 2010.

Hello Vfb1888 you once posted an extract from the Sun newspaper which was quite unhelpful about SGZ. What was the exact date please? One of those "black arts" articles.

BTW - Another one I saw in a named national broadsheet was maybe circa March 2017 - #I made a phone call expressing concern about its contents the same day#.
It was pretty strong against "SR" - and Gold options and investing in his funds and companies. Essentially, it said sell everything to do with his name. He has a very famous Banking name - [SR ] - whose name at that time also appeared on the bottom of each RNS of SGZ (ScotGold Resource). Co-incidence? A mashed- up article, very bias..

[vfb1888] 28/6/2020 09:58

Morning bnagersandmash,
I wait patiently for the pr guys reply. Did Wonga actually turn them down ?
Simon come on old chap give us all another laugh , you're getting so good at it these days and I have a funny feeling it's going to start getting funnier

[bnagersandmash] 28/6/2020 08:48

Hello Vfb1888, Sorry in advance,

I wish to draw issues with you. There is little fun about the story of Simon Chapman. Take this report, one of many on a number of reports over many years.


"
The Leveson inquiry into media ethics has been hearing from a former Northern Ireland-based Army intelligence officer who says his computer was hacked.

Ian Hurst discussed a BBC Panorama programme in which he was shown emails he says were hacked from his computer on behalf of the News of the World.

Mr Hurst was a "handler" in Northern Ireland - running IRA informers for the Army.

He said a hacker had told him we was targeted because of his work in NI."

Other much more serious reports cannot name other British Army or British Security Services Personnel of how they were hacked by either the Sun, News of the World, or various IRA and IRA splinter groups. Some technical details of these hacks can be found published in only a few UK broadsheets-

[paleales] 27/6/2020 16:00

SGZ
starts delivery of equipment for preassembly today

[paleales] 27/6/2020 14:37

SocGen, Suisse, Peel Hunt , Goldman sachs TOP PICKS for July recovery
27th June 2020 FT Subscription with screenshot

[steelwatch] 27/6/2020 13:34

b&m - thanks for the heads up. Duly noted.

[bnagersandmash] 27/6/2020 12:18

Hello Steelwatch,

Whilst many were punting into INTU with buys on Friday afternoon, an RNS was issued by Ronald Phelps.

Galantas Gold Corporation PROPOSED PLACEMENT AND INCREASE TO LOAN FACILITY
Meaning there is (a) a dilution and (b) there is a loan. The company pays LIBOR plus 9.9% interest to a company called G&F Phelps for a year. The company is owned by Roland Phelps. His full name is R G F Phelps. The open market equity shareholders are guaranteed zero by law. It is a simply transfer, by law of an insolvent company. All you need is a good lawyer into mine finance, contracts and takeovers.

Maybe they should have not angered GCHQ and the failed convictions over the Omagh bombing in 1998. All you need to do to flout UK law is to have a good lawyer with top connections who can run rings around Justice Leveson. Any guesses who defended the phone hackers? He lives in Reading.
Phelps walks away, legally, with a gold mine. Shylock was after every gold mine in the Dalradian Belt - several companies by his own postings. The "balance sheet"/ spread-sheet on the 15th August 1998 is many dead - one of the worst outrages in NI history. Did not Shylock do well, or not?

[steelwatch] 27/6/2020 10:12

Can't read it pal.

[vfb1888] 26/6/2020 22:32

Hey Shylock,
What does insolvency mean ?
You predicted 100 placings and I predicted 1! Omelette time again old chap , man , lol
I guess the government turned them down on that loan and Wonga , lol yah plonker !

Following the completion of the Private Placement and the Ocean Loan, G&F Phelps Ltd. ("G&F Phelps") will enter into an arrangement in respect of its loans with the Company (and its subsidiaries) (the "G&F Phelps Loans") which will provide that G&F Phelps will not call for repayment of the G&F Phelps Loans (which are repayable on demand), until 30 June 2021 at the earliest, unless certain events occur including inter alia a sale or insolvency of the Company (or its subsidiaries), a material liquidity event, change of control or breach of the terms of the G&F Phelps Loans. G&F Phelps is a company owned by Roland Phelps, President & CEO of Galantas.

[bnagersandmash] 26/6/2020 18:09

Galantas have a dilution RNS as correctly predictable by Vfb1888. Importantly, if approved, the Company G&F Phelps Ltd Liability cannot call in the loan until 30th June 2021,at the earliest. That gives some investors a chance to plunge in with more money. It suspiciously looks like another INTU company with a NAV equity of zero to negative. Plus as with director JW with INTU, the same risks and even worse. The loan is now LIBOR + 9.9%. The RNS does not mention who is Shylock, nor does it mention their Police Service NI issues. Nor does the RNS mention their GAL peat and wet moss issues. I think most SGZ holders will correctly work out that Vfb1888 is correct again whilst PR100 is very and extremely wrong again. At least he is consistent on getting it wrong and wrong again. PR100 aggressively wanted Phelps to run SGZ, it is a good job that this did not happen. PR100 says he holds no SGZ shares at all, but regularly posts about SGZ with the wildest and most unbelievable false and wrong ideas.

[vfb1888] 23/6/2020 10:31

Bla bla bla , ain't you supposed to be talking down BPC ? Your boss will be most upset , no bonus for you again Simon

[pr100] 23/6/2020 08:04

Rampers are suggesting that Cononish will be producing from underground ore by October. Definitely won't happen. They haven't even overcome the peat problem yet and progress under Cover restrictions will be very slow. If and when the mine does get built there will be a lengthy delay for safety inspections and approvals. The hapless Gray blunders around and can be relied upon to keep missing deadlines and forecasts. And of course the cash will run out.

For reasons best known to Scotgold, the oft-extended £7.5m NLR loan facility has just been extended again - to the end of 2021. And of course they can keep shifting the goalposts. The cash was originally due to be drawn down by October 2018. Be guided by this shape-shifting loan:

18/5/2018 - £5m loan to Oct 2018
20/10/2018 - loan extended to Oct 2019
26/2/2019 - loan increased to £6m
28/8/2019 - loan increased to £7.5m
29/4/2020 - loan extended to Dec 2021.

There will be another big fundraising event soon - and expect those dates to keep being moved out. Presumably they still don't know when they will be able to fly in the process plant assembly crew so don't expect the main build to start any time soon. And once it is finally finished, expect months of inspection and testing: