Scotgold Resources Share Discussion Threads

[steelwatch] 21/12/2020 14:58

Christmas message from The Trossachs:

Cononish Commissioning & Ramp Up progress update

[glenalmond] 21/12/2020 12:32

Oh well, could have been worse. MUCH worse! Biden could actually have won legitimately, Jezza could have bankrupted the UK and Krankie could have returned Scotland to the Stone Age. Grateful for small mercies, eh?

[steelwatch] 21/12/2020 12:09

Anyone's guess with the louse in the White House threatening to hijack democracy. As for the muppet in No. 10, well....

[glenalmond] 21/12/2020 12:03

Speaking of USD & GBP, what odds a three way parity next year with the Oiro?

😱

[glenalmond] 21/12/2020 11:59

I know, steel. I was 'avin' a 😉

[steelwatch] 21/12/2020 11:55

glen - gold still over £1400/oz due to sterling weakness:



Toggle between USD & GBP.

[glenalmond] 21/12/2020 11:06

$1,871.06
-9.39
-0.50%
Macron been told to wind his neck in 😄

[steelwatch] 21/12/2020 09:04

Gold £1,428.44 +33.92 +2.43%

[henrik1967] 11/12/2020 16:30

lol, on the assumption that you are only here because you got picked on by some people and you have it in for the CEO that moved the share price significantly enough for you to Purchase A Bentley from the profits I would assume you are one twisted chap.

The above is derived from your posts old chap ! Your posts are just made up nonsense which could explain your feelings of being picked on ???????

PS: you could have had two Bentley's if you had waited. Still, stupid is as stupid does

[pr100] 10/12/2020 12:30

Speaking of mine production, I reckon it will be May before gold production from underground ore begins - and assuming Phase 2 begins in May 2022 as advertised (unlikely of course) they will then be under the cosh to produce 10,000oz of gold (or 75,000oz of silver) before the Phase 2 ramp up.

Obviously it will be uneconomic to mine 76,000oz of silver (or to process ore for silver predominantly) so keep your eyes and ears peeled. Surely the hapless Gray will have to declare what the mine is actually producing each month - along with frequent assurances that better grade gold ore is 'coming soon'.

Imho, it is highly suspicious that Gray barely reported a word about silver during the BPT - suggesting that there is a lot more silver than gold in them thar hills. Indeed, the JORC statement says there is five times more silver than gold in every ton of ore. And that's assuming an Au grade of 11 g/t (which is highly optimistic given the disappointing actual grade of the BPT stockpile).

The assumption is that the silver produced by the BPT was given to the concentrate processor as payment or part-payment for the processing because we never heard what happened to it.

Obviously, if the Au grade is lower than estimated then they will have to try to make up the difference in silver but with silver currently selling at one seventy-fifth of the gold price, that would be a massive - and quickly unprofitable - ask. In the worst case scenario is they were processing ore to only produce silver, the full Phase 2 ore production capacity of 72,000 tonnes of ore per annum would only produce around $1m worth of silver - which wouldn't be worth mining.

So watch carefully what is coming out of the ground to prepare yourselves for any nasty surprises.

[pr100] 10/12/2020 00:25

SP Angel's analysts do as they're told. Or do you imagine these independent spirits would be allowed to produce a Sell note on an share price Angel client? You have much to learn, wee Graham.

Again, you are inventing stuff. FWIW, I sold my shares at various prices between 74p and 80p and I was happy then and still am – not least because I believe that mine production will disappoint. Congrats to anyone selling a large number of shares at a higher price.

[henrik1967] 09/12/2020 23:38

Come on old chap man , your share "sells" are well documented in your own posting history . share price Angel have their own analysts, you clearly don't given your poor investment decisions . Read your own history , it might not make you laugh but it sure as hell makes me , lol

[pr100] 09/12/2020 22:57

SP Angel are on the Scotgold payroll of course - and were complicit in the Great Gold Pour Scam so trust them at your peril.

As for the plant commissioning, well there may be some news about it next month but the hapless Gray has already highlighted February for it - and hopefully he'll get it right one day.

i think you're confusing me with someone else. I sold none of my SGZ shares in the 60s. You on the other hand have been flipping at all prices, while ramping.

[henrik1967] 09/12/2020 22:38

What idiot would sell out in the 60's , lol

[henrik1967] 09/12/2020 22:37

(Sharecast News) - Analysts at share price Angel hiked their target price for shares of Scotgold by 29% to 182p, arguing that investors were overlooking the potential upside from the outfit's Cononish gold and silver mine in Scotland.
In a research note sent to clients, analyst Sergey Raevskiy said that with £12m of capital outlays at Cononish already disbursed, the net asset value from the project to Scotgold was currently £103m or 182p per share.

That took into account both the firm's estimated net debt position and the effects of recent equity raisings, the analyst said.

Scotgold's aim was to pour first gold at Cononish on 30 November, turning it into Scotland's first commercial gold mine.

It was also planning to carry out a comprehensive exploration across the 2,900 square kilometres of its land package in Scotland's Dalradian Belt.

"We highlight that no value has been assigned to an exciting exploration package reflecting its current early stage status that in turn offers further upside potential to our NAVPS subject to results of future exploration works," Raevskiy said to clients.

"We reiterate our BUY recommendation and look forward to the news of the Cononish commissioning next month."

[henrik1967] 09/12/2020 17:43

Can shylock post on LSE , lol

[henrik1967] 08/12/2020 21:43

Tell me old man how much higher are Scotgold trading at now since you sold out , lol
How's your FJET money these days , lol at you .
Your go-to trick is to ignore the truth and deflect , lol

[pr100] 08/12/2020 19:20

Stop making things up wee Graham. It's your go-to trick whenever you want to deflect attention away from bad Scotgold news.

[henrik1967] 08/12/2020 18:57

That bad smell of the old man that lost his platform is back , lol
Old Simon denied access , how much has that cost you in lost bonuses ?
Never did get one did you , mission failed for you

[pr100] 08/12/2020 09:16

Wee Graham, Royston Wild is a gold bug talking his own book. Motley Fool has all the bases covered though so be sure to read the "FORGET GOLD" pundits too:







Btw, any honest news on when that plant is going to be finished so that mine production can start for real? Or is the hapless Gray planning more misleading stunts? Hope not because that phoney "gold pour" stunt wouldn't have fooled a fanboy. And whatever credibility he and Scotgold had left went down the drain with that not-so-cunning stunt so you know who to blame when the punters look elsewhere.

[henrik1967] 07/12/2020 19:32

Read it and weep Simon , "SOAR" the man says or in your case Sore loser !lol

Riding the gold train with UK shares

Having exposure to gold remains a great idea, then. And I’d do this by buying UK shares. This often allows investors to ride any rise in the precious metal price while receiving dividends in the process.

Concerns over the macroeconomic and geopolitical landscape remain and could give gold prices a big shunt higher again in the coming months. Irrespective of this, however, I think gold should remain well bought as ultra-loose monetary policy fans inflationary fears during this new decade and pushes interest in so-called hard currencies like gold.

Gold bullion on a chart

News yesterday that just 245,000 new jobs were created in the US in November has raised gold’s appeal even more. It’s fanned fears that the world’s largest economy is faltering again (610,000 jobs were made back in October). And it’s raised the possibility that the US Federal Reserve might come to the rescue again with more quantitative easing, raising existing inflationary concerns still further.

The gold standard?

I’d consider buying Scotgold Resources (LSE: SGZ) shares to ride the solid gold price outlook. But I’d also buy this UK share as production at its high-grade and low-cost Cononish mine in Scotland begins. The business will produce 9,910 ounces of gold in 2021 under phase 1 conditions, a figure that will blast to 23,500 when phase 2 begins in May 2022.

The mining sector is fraught with risks for investors. The spectre of project delays, disappointing payloads, and unexpected costs is part and parcel of buying UK shares like Scotgold. But on the plus side this particular digger has the financing in place to get phase 2 off the ground. And it also ha option agreements to explore 3,000 square kilometres of the Grampian Terrane in central Scotland. This area is thought to contain significant gold deposits.

Scotgold’s share price has rocketed 64% in 2020 on the rampant gold price and a series of bright exploration and project development updates. And I think it could continue to soar in the years ahead. This is one UK share I’d happily buy for my Stocks and Shares ISA today and hold for years.

[steelwatch] 07/12/2020 15:08

Another snapshot just now:

Gold - $1855
$/£ -1.3323
Sterling Gold Price £1,392