Share Name Share Symbol Market Type Share ISIN Share Description
Scotgold Di LSE:SGZ London Ordinary Share AU000XINEAK5 ORD NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  +1.50p +4.41% 35.50p 14,492 16:12:48
Bid Price Offer Price High Price Low Price Open Price
33.00p 38.00p 35.50p 34.00p 34.00p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -1.44 -6.00 16.2

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Date Time Title Posts
14/11/201820:48Scotgold Resources - Gold mining/exploration in Scotland3,511
23/12/201321:16Gold in Central Scotland!!!!!!!!!!!!!!!1
21/2/201211:59Scotgold Resources341

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Scotgold Resources Daily Update: Scotgold Di is listed in the Mining sector of the London Stock Exchange with ticker SGZ. The last closing price for Scotgold Resources was 34p.
Scotgold Di has a 4 week average price of 24p and a 12 week average price of 22.50p.
The 1 year high share price is 38p while the 1 year low share price is currently 20.75p.
There are currently 45,638,859 shares in issue and the average daily traded volume is 19,273 shares. The market capitalisation of Scotgold Di is £16,201,794.95.
pr100: So, the NLR cash not being available, Scotgold announce yet another placing, diluting PIs to the tune of £750k and 2.7m new shares. Their justification for this is nonsensical: it is working capital, pure and simple. On 18 May, the always-unreliable CEO assured us: "Together with existing cash reserves, the Company believes it has sufficient funds to build the Cononish gold mine, execute a planned exploration programme and meet ongoing working capital needs." And he was wrong. Again. Nor is the 27.5p share price a premium since anyone buying 2.7m shares on the open market would have had to pay more. Totally shambolic. Watch as the share price falls back again. Gray must go.
pr100: Scotgold hasn't moved ahead - it's back to where it was after the last mine planning permission was granted but with a much lower share price and market cap. Anyone who misguidedly thinks they have moved ahead hasn't been paying attention - and must be dreaming that the large gaps in the company's disclosures are really nuggets of secret good news. They aren't.
pr100: It's a positive that we will know soon how much more we will be diluted. The understandable fear of much greater, imminent dilution hasn't helped the share price. We should know our fate soon if the news is relatively good, i.e. some institutions, JVs or offtake partners will fund most or all of the outstanding development cost. That would mean that the deal/s have already been set up - as you would expect given that they have had the best part of two years doing not much else except pitching for finance. But if it drags on and we get the news that we are going to start developing the site without any certainty on getting the mine built then it will be another epic fail imho. Who will buy shares when Gray & co can't deliver the endgame? Imho, they have one month to announce a deal (which doesn't obliterate PIs), otherwise, the share price will slide inexorably into total oblivion.
pr100: PLANNING DETERMINATION DELAYED What a coincidence! Just hours after the AGM and after most RI participants have sent in their orders for the new 25p shares, the mid-December date for determining the planning application has been struck out with no new date set. It might happen in Q1 2018. And it might not. Again, PIs must wonder if this news could/should have broken before they parted with their RI dosh. It will be a big sickener if the share price drops to 20p or lower over the coming weeks/months.
pr100: RIGHTS ISSUE Sadly missing from this RNS was any indication that an II or JV partner has shown any concrete, viable interest in funding the remaining £6m or so to get the mine built. (It could be more as there is no guarantee that £2m of the RI cash will be spent on mine works.) No third party would commit to financing the mine without PP being granted - but there's nothing to stop anyone showing serious interest "subject to PP" …which they obviously haven't or it would have gone into the RNS and boosted the share price to encourage PIs to partake. So it looks increasingly likely that the only way to get the mine built will be if shareholders cough up all the money - which at today's market cap would mean obliteration by dilution for everyone except NLR who could end up owning 90% of the company. This RI already represents 65% dilution for those PIs who don't have the cash to keep chasing the dragon. So the next self-funding round for more than double this amount in 3-4 months' time would kill everyone off whose pockets aren't deep enough to keep up. The problem is greatly exacerbated by raising this £2.65m at Scotgold's lowest ever share price. Due to incompetence and mismanagement, the company has failed miserably to boost the share price or prevent it sliding inexorably to all-time lows. Even now, the share price is only hovering around the RI price because it is being artificially supported by brokers. There is a real possibility that it will sink like a stone once the RI cash is in as PIs contemplate the implications of the next fundraising and the uncertainty of planning permission. Had the BoD been able to flag up some II or JV conditional support for the next phase then the share price could have risen to make the RI attractive. Alternatively, had they been able to confirm a route to market for the galena - which still sits unsold in inventory - the business case would have been stronger. But they have failed on all fronts to deliver and a lot of PIs will not be able or willing to shell out for 66% more shares to maintain their equity interest in the company. Of course, what looks like disastrous mismanagement could be intentional subterfuge. NLR may be willing to finance the whole mine himself - without taking any pesky PIs along for the ride. But I'm more inclined to blame the hapless CEO for the bad forecasting, missed targets, disinformation and lack of transparency which brought the share price to its knees.
goldguru2017: Kestrel Gold (TSX Venture Exchange symbol KGC.V) Please allow me to bring your attention to this low-market capitalisation, high potential gold/copper exploration company that has assets in the ‘Eye of the Storm’ – the White Gold Area in the Yukon, Canada. - Recently acquired acreage in one of Canadas most prolific gold areas – the ‘Eye of the Storm’ White Gold Area in the Tintina Gold Belt. - Easily accessible, excellent infrastructure, safe jurisdiction. - Sampling just finished, funded drilling programme about to commence - >100g/T Gold sample from Clear Creek – excellent potential - Peak values of 12,400 ppb Au from soil sampling on Val Jual - Relative low market cap – CDN$4.2 million - CEO with proven track record of growing public companies share price by multiples - Leading Canadian gold geologist, Jean Paulter, running drilling campaign - Nearby to discovered goldmines (Coffee, Golden Saddle) - Val Jual /10 Mile Creek acreage surrounded by active 2017 programs by other companies - Drilling news flow expected before year-end Please do your own research on the Company before investing. Thank you for your time.
steelwatch: Baz - are you on advfn mobile site?
0405: A double whammy falling gold price falling share price
the stigologist: Just a warning before you listen to any conman posing as a self-declared trading genius... This encapsulates the above mug and his 'trading prowess'. It might not like the truth but the mug punter Noirua is hoist by his own petard. Sold OXS at 2p and bought SGZ at 1p+ A week later OXS at 3p and SGZ halved. TOP Traders Thread !!!! - CR Noirua - 26 Jan 2015 - 11:33:01 - 486431 of 487705 SGZ - Brokers wants 1.35p as orders come in. TOP Traders Thread !!!! - CR Noirua - 26 Jan 2015 - 11:30:45 - 486429 of 487705 SGZ, looks last calls under 1.2p for Scot's goldie. TOP Traders Thread !!!! - CR Noirua - 26 Jan 2015 - 11:27:33 - 486427 of 487705 Scotgold SGZ looking cheap on wee Scottish gold that commands a premium, not near that of some Welsh gold however. May attack the 2p level this week, target today just 1.5p. TOP Traders Thread !!!! - CR Noirua - 26 Jan 2015 - 11:17:01 - 486423 of 487705 SGZ Scotgold, all flags up... Oxus 2015, awaiting merits and quantum - OXS Noirua - 26 Jan 2015 - 11:08:25 - 12702 of 13309 I suppose the market can see a wad of shares sitting there that could be drip fed into the market, maybe it wont happen, however, far better to hold free options... Oxus 2015, awaiting merits and quantum - OXS Noirua - 26 Jan 2015 - 10:55:53 - 12697 of 13309 GS, the share price of OXS is well down from the recent peak and the market looks uncertain free stock charts from free stock charts from
Scotgold Resources share price data is direct from the London Stock Exchange
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