Scotgold Resources Share Discussion Threads

[johny cash] 29/1/2021 08:38

No good. I'm out.

[pr100] 29/1/2021 08:10

So, the hapless Gray strikes again - as expected.

==========================================================
"Production

-- Tonnage throughput for January was negligible as multiple materials handling issues between circuits were identified but which to a large extent have now been addressed.

-- Remaining issues restricting throughput are expected to be addressed by end Feb 2021.
-- The build up of plant operating labour in January was also slower than planned, as recruitment was impacted by both the Christmas period and Government imposed Covid 19 restrictions.

-- All major processing components have operated at or above design capacity, and the plant is therefore still expected to reach the full designed production rate of 3,000t per month.

-- As a result of the lost production during this ramp up period, the Company is reducing its production guidance for 2021 from 9,910oz Au as announced in December 2020, to between 8,700oz Au and 7,800oz Au from between 31,500t and 28,400t ore processed."
==========================================================

From the so-called first gold pour, this project looked to be well behind schedule - and now they have to announce yet another delay and a significant hit to first year production targets.

Surely Gray knew about these problems when he told the market on 21 December: "it is gratifying and exciting to know we enter 2021 having achieved our first Gold Pour on schedule, and we do so with an operating mine that is well placed to achieve our planned production ramp up."?

This is not the way to win shareholders' trust and confidence. The share price will surely take a big hit and anyone who bought at the recent stratospheric price will be well out of pocket.

And while Scotgold falls behind, the price of gold falls too. At £1,348 it is now well below the £1,400 level on which its mine forecasts are based.

This double whammy must materially impact their cash resources and forecast revenue stream, making another cash raise even more likely. Will production even start in March? Unlikely, say the bookies, based on the form book.

[plasybryn] 28/1/2021 23:30

Is their a link to log into tomorrow's AGM/webinar?

[steelwatch] 28/1/2021 18:35

Secured a vaccination appointment tomorrow, so will miss the AGM unfortunately. Hope there is a recording available after the event?

[coliwobbles] 28/1/2021 18:27

So apparently you can lie and mislead continually on this board and have all your diatribe remain, but if, as Henrik has kindly pointed out, you post true statements and facts, they get removed on request. I wonder who requested their removal...???? Shylock by any chance...?? LOL

So let's see if this accurate and factual post remains.

Scotgold have provided proof of the fact that occasionally the normally microscopic character of the gold at Cononish can be found in nugget form as pointed out in the geology presentation on the company website.

For anyone to insist that there is no visible gold at Cononish is against ADVFN posting rules section 11. Posters are in contravention of ADVFN rules if they post statements that are ''untrue or in breach of any applicable laws, rules, regulations or market conventions (including without limit, financial services regulations).

Any poster insisting that there is no visible gold at Cononish, in spite of incontrovertible evidence being published on the company website stating that visible gold has already been found within the Cononish ore deposit, will be reported to ADVFN regulators, and if deemed to be serious enough will be brought to the attention of the FCA.

One poster has already been removed via the FCA on another share platform so they are already aware of the situation regarding certain posters known anti Scotgold agenda.

[henrik1967] 27/1/2021 20:35

Hi PR100, I presume it was you that has reported all the missing posts, apologises if not. If it was you why have you reported them ? They are factual and can be proved.

[henrik1967] 27/1/2021 20:26

Hi Coliwobbles, It's normally the young strong male, if it's strong and able but if it's not it can be the old failing male . As he gets older the failings become more and more repetitive and the young male no matter how week will take over eventually no matter how much that old male try's for the attention.

[pr100] 25/1/2021 01:15

Here's the thing: Charlie says she's never seen a nugget from Cononish and all the gold is sub-1mm. Why don't you believe her? She's a qualified geologist and a key member of management there. Have you tried discussing this with her? Maybe you should.

And if you don't trust her, ask the hapless CEO who confirmed recently to the BBC that there are no nuggets at Cononish and all the gold is "very, very fine". Surely you trust him at least?

Your precious photo is either:

a) from Cononish but fool's gold as it's approx 3-4mm; or
b) gold, but not from your mine.

Get over it.

[henrik1967] 23/1/2021 18:40

I also like the pictures of the panned Gold from the burns around Tyndrum

[pr100] 23/1/2021 18:27

Gotta love those daft muppets in the other place. Do they seriously imagine I would blow my own cover?

[pr100] 23/1/2021 18:11

Get a grip wee Graham.
The hapless CEO recently told the BBC there was no visible gold.
The Sangster director has always said there is no visible gold.
The pretty in-house geologist told the EGS twice this week that all the gold is sub-1mm.

You're desperate, I understand that. But take it up with the people running the company who know the truth - I'm just the messenger.

[coliwobbles] 23/1/2021 16:46

No.no,no Henrik, that must be a core sample from some other mine.....lol

Does the fact that there's the occasional small nugget/fleck/flake of visible gold affect the outstanding grades at Cononish...??

.....or are the grades figments of our imagination as well...??? PMSL

[henrik1967] 23/1/2021 16:12

This might be a tough one for a proven liar as old shylock is but if you scroll down to the Heading of , Visible Gold at the Cononish deposit you'll see you have been proved to be a liar yet again , lol at you again

[henrik1967] 23/1/2021 15:46

On the hook again old chap , man you are special , lol

[pr100] 23/1/2021 13:09

Aw, wee Graham, is no-one left who will believe your nugget ramps?

Never mind, try again in a few months' time when there could be some newbies around who might not know that there are officially no nuggets at Cononish.

Until then, just jump up and down making noise wee man. Do your old chums from the other place pop in here to read your pearls of poop?

Do you want me to tell you why Charlie's video was pulled?