Scotgold Resources Share Discussion Threads

[pr100] 01/12/2020 19:53

ROFL - this dodgy "gold pour" PR stunt allegedly produced 1 ounce of gold, according to the hapless Gray.


This is an ounce of gold, btw:


Did they run out of low-grade stockpile rocks?

Ridiculous. And a pathetic result compared to the first BPT gold pour which produced 17 ounces.

Y'all have just been taken for a ride but the market can see through it. Mr Market thinks that the hapless Gray is scared to tell you when the new plant will really start producing.

[steelwatch] 01/12/2020 18:32

Cheers glen. Added to the header. Nice to see a relaxed, confident and ebullient CEO 😉

[glenalmond] 01/12/2020 17:52

pr100's just a sad, bitter and twisted chap, Plasy. Can't be easy being him and I'm very glad indeed that I'm not. His blood pressure must be way up there in the red ... yikes!

[plasybryn] 01/12/2020 17:49

Why are you so negative pr100? It no easy job to bring a mine into production. Generally takes about 10 years with many hurdles along the way. I prefer to offer a bit of praise for a job well done. Makes you feel better than being negative.

[glenalmond] 01/12/2020 17:45

Richard, once again, demonstrating that he's the absolutely top bloke for the job. Congratulations Scotgold and thanks to Bellers on LSE for the link 👍👍👍

Scotgold pours Scotland’s first ever commercial gold
104 views•1 Dec 2020

[henrik1967] 01/12/2020 17:26

The non shareholder continues with his hapless commentary of the Company that he made enough profit from to Buy a Bentley and has self confessed to only being here because he was picked on . Get a life old Chap

[pr100] 01/12/2020 15:06

Other gold juniors like PAF and CEY soaring today but SGZ in the red. Has the market twigged that the hapless Gray has tried to pull a fast one?

[pr100] 01/12/2020 11:50

So Scotgold post a GIF showing nothing and without any commentary. This "gold pour" looks increasingly like a smoke-and-mirrors stunt - almost certainly without processing in the new plant, and very possibly using the old stockpile. That being so, they could have staged it weeks ago and called that the start of Phase 1.

So far, this is not the start of Phase 1 production: it's just a stunt by the hapless Gray.

No wonder the natives are bickering again. You can fool some of the people all of the time, and all of the people some of the time, but you cannot fool all of the people all of the time.

[steelwatch] 01/12/2020 11:21

Gold back over $1800

[pr100] 01/12/2020 09:06

No photos yet. Why not if the gold pour did indeed happen yesterday?

The conspiracy theorists might think that it hasn't happened yet and they're hoping to dust off the old BPT plant and get it running today.

They could also be using the remains of the old stockpile. Low in grade though it is, they do at least know that it contains a little gold. Some might wonder why it hasn't been fully processed long ago: maybe they were saving it for today.

From the 2020 Annual Ore Reserve Statement in yesterday’s annual results RNS:

“The Ore Reserve statement above does not take account of the depletion of the surface stockpile through the BPT. At 30 June 2020, approximately 6.5kt had been removed from the [7kt] stockpile and the reserves will be adjusted on full depletion of the stockpile.”

Another damp squib from the hapless Gray.

[pr100] 01/12/2020 07:44

What are Scotgold hiding? Today's downbeat, fact-starved gold pour RNS - without any forecast date for ore production and processing - looks like a red flag. Maybe the photos will give us a clue.

"On the brink" could mean months.

[steelwatch] 30/11/2020 20:21

free stock charts from uk.advfn.com

[steelwatch] 30/11/2020 20:18

A lot depends on the £ v $ rate. Current gold price based on current Sterling @ c.US$1.3343 equates to c.£1341 per troy oz. Not so long ago, the £ was trading @ c$1.29. which equates to c.£1387 per troy ounce, not so far off £1400. Anyone trying to guess which way all the balls will ricochet in these very unstable times is a fool, me included.

[steelwatch] 30/11/2020 18:44

The £1400 gold price has been used in recent presentations to illustrate the profitability of the mine Plas.

[plasybryn] 30/11/2020 17:53

I thought it was going to be a low cost producer. These are from the latest AR & A.
Ave. Operating Cost £439/oz
Ave. Capital Cost £184/oz
All In Sustaining Cost (AISC) £461/oz
Where is that figure of £1400 coming from?

[plasybryn] 30/11/2020 08:41

On now.8.41

[chitchatbear] 30/11/2020 08:38

Stay tuned. The woman said around 8.15 that Scotgold would be on after 8.30. Show finishes at 9am.

[chitchatbear] 30/11/2020 08:21

Scotgold on Radio Scotland from 8.30

[henrik1967] 29/11/2020 20:06

I refer to the company's numbers not your made up nonsense , remember you told us all why you are here . Go take your Bentley out and try not to think about the fact you could have had two of them or possibly even ten if you had not lost so much on FJET .

Production starts Tomorrow on St Andrews day . I will be celebrating , you enjoy being a sad old loser , bye for now trolly dolly !

[pr100] 29/11/2020 19:56

You must be referring to their highly optimistic AICS which, in the unlikely event it were to be achieved, would depend very heavily on the mid-late years of the mine's life. I can categorically assure you that the gold they produce in the next 2-3 years will come at a much higher cost - and will likely require much dilution of existing shareholders' equity stake before the mine stops guzzling cash. And there is no guarantee that Scotgold will be able to continue funding the project until it starts to generate cash.

I think you know that.

[henrik1967] 29/11/2020 19:09

Scotgold's break even point is $700, what a massive upside there is for SHAREHOLDERS
However those that are only here because of self confessed poor me reasons will get SFA

[pr100] 29/11/2020 18:22

With gold down to $1787, it looks like I was right. Great timing by the hapless Gray.

-------------------------
GOLD HAS EXPERIENCED A SEISMIC SHIFT IN FUNDAMENTALS

Technical damage wrought in recent days has been significant, spurred by a sea change in the fundamental narrative undergirding gold prices during the coronavirus pandemic. Amid news that that several coronavirus vaccines are quickly advancing towards mass distribution, risk appetite has surged, lifting equity markets to fresh all-time highs.

What’s the exact opposite case of a ‘goldilocks’ scenario? Because nothing is ‘just right’ for gold prices at present time. The US economy is regaining its long-term economic potential thanks to COVID-19 vaccine developments, but no ‘blue wave’ means no significant fiscal stimulus nor changes to the tax code.

We’re looking at higher inflation, but not due to higher fiscal deficits. Even as the Federal Reserve signals its desire to keep interest rates low through 2023, US real yields are no longer falling, back to the same place they were in mid-October. With US corporate profits growing at record rates, safe havens have fallen out of favor for growth-sensitive assets; gold fits the bill as a prime candidate to have been suffering in recent weeks.