Share Name Share Symbol Market Type Share ISIN Share Description
Scotgold Resources Limited LSE:SGZ London Ordinary Share AU000XINEAK5 ORD NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  2.00 3.42% 60.50 159,145 11:14:30
Bid Price Offer Price High Price Low Price Open Price
58.00 63.00 60.50 57.50 57.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -2.02 -4.07 34
Last Trade Time Trade Type Trade Size Trade Price Currency
16:27:54 O 2,362 58.565 GBX

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Date Time Title Posts
02/6/202112:19►SCOTGOLD Resources ◄ - Scotland's 1st Commercial Gold Miner1,343
30/1/202100:02Scotgold Resources358
14/9/202014:29Scotgold Resources - Gold mining/exploration in Scotland3,662
09/3/202007:21Gold in Central Scotland!!!!!!!!!!!!!!!2

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Scotgold Resources (SGZ) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-06-18 15:27:5558.572,3621,383.31O
2021-06-18 15:12:1462.001,000620.00O
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Scotgold Resources (SGZ) Top Chat Posts

Scotgold Resources Daily Update: Scotgold Resources Limited is listed in the Mining sector of the London Stock Exchange with ticker SGZ. The last closing price for Scotgold Resources was 58.50p.
Scotgold Resources Limited has a 4 week average price of 51.50p and a 12 week average price of 48p.
The 1 year high share price is 167p while the 1 year low share price is currently 48p.
There are currently 56,221,871 shares in issue and the average daily traded volume is 95,813 shares. The market capitalisation of Scotgold Resources Limited is £34,014,231.96.
steelwatch: GBP gold price just now £1,307.41 +24.01 +1.87%
steelwatch: Scotgold Resources* (LON:SGZ) 72p, Mkt Cap £40m – Earnings update BUY – 147p (from 177p) The Company raised new equity last week and updated on the status of the Cononish ramp up process. £1.5m was raised in a placing of 2.1m shares at 70p. Additionally, Bridge Barn owned by major shareholder and the Chairman of the Company Nathaniel le Roux agreed to provide further debt funding of £0.5m if it is needed in the future. The Company reiterated its CY21 production guidance for 25.7-28.5kt throughput and 7.0-7.9koz gold. Proceeds will cover working capital requirements as operations at the recently commissioned high grade Cononish mine ramp up. Longer than expected ramp up at the processing plant see commissioning of Phase 2 expansion to 72ktpa being delayed to Sep/22, from previous target May/22. Processing plant issues highlighted earlier are being addressed including at the filter press part of the circuit that held back ramp through March. The Company also released updated Cononish earnings and NPV projections adjusting for new ramp up schedule and lower gold price assumptions reflecting a pull back in market prices. Using £1,250/oz gold price, the mine is expected to generate >£20m in EBITDA and >£15m in FCF (post-tax) per year following Phase 2 ramp up to 72ktpa, ~24kozpa GE and ~£430/oz (~$600/oz) AISC. Conclusion: The fundraise along with access to expanded loan facility covers working capital requirements as the team ramps up production at the recently commissioned high grade Cononish operation. Our updated earnings estimates largely reflect lower long term gold price estimates ($1,800/oz v $1,925/oz previously) and adjusted FX assumptions (1.4 v 1.3 before). We expect the plant to ramp up to design 36ktpa (3ktpm) processing rates through the current quarter with CY21 production expected at 26kt and 7.7koz, in line with latest Company guidance. On spot prices (~$1,740/oz, 1.4 FX), we estimate Scotgold to generate ~£20m EBITDA and £15m FCF (post-tax) at Phase 2 implying 2.4x EV/EBITDA multiple and 39% FCF yield. We would argue that given high grade nature of the deposit, favourable jurisdiction and significantly de-risked status of the project (permitted, in production and ramping up), a target multiple of 4.0x is applicable translating into 128p NAVPS at spot gold prices. We value Scotgold on DCF5% basis at $1,800/oz/1.4 GBPUSD with no premium included in our estimates for the dore part of the Cononish production or ~25% of annual output (although the management has highlighted strong demand from local jewellers willing to pay a premium for locally sourced gold of up to £400/oz on anecdotal evidence) to arrive at updated 147p NAVPS reiterating our BUY recommendation.
pr100: Sadly, I won't be able to retire from here if that idiot Risk.Manager and others continue to post blatant lies about me. To be fair, just about everything he writes is pure fabrication, fuelled by chronic paranoia. But I can't let him get away with pretending that his wet dreams about me are real. Today's big lie: "PR100 did approach BBB with an offer of untraceable email and untraceable mobile number." For the record, these are the facts: 1. I have never approached BBB - or anyone else on any SGZ BB - about *anything*. 2. I do not initiate, or respond to, private messages on LSE, ADVFN, Twitter, Facebook or any other channel. 3. I have never spoken to, or privately corresponded with, anyone posting on any SGZ BB - including BBB, Rockhead, Uncle Tom Cobley and all. 4. I have never used, nor offered to anyone anywhere in the universe, an untraceable email. 5. I have never used, nor offered to anyone anywhere in the universe, an untraceable mobile number. 6. I fly solo and always have done so have never been a part of any gang, group, organisation or ring. 7. Risk.Manager is a liar. 8. Risk.Manager cannot, and will never, produce any evidence to substantiate his ridiculous lies. I make this clear in the unlikely event that there is anyone who believes a word the Risk.Manager nutcase writes. If he persists in making up nonsense about me, I will unretire from this BB and continue to highlight Scotgold's failings with renewed vigour - so anyone who prefers to live in ignorant hope should make sure that Risk.Manager, and his cronies, post proof if they really must continue to tilt at windmills.
pr100: Unsurprisingly, there doesn't exactly seem to be a rush to buy shares after last night's opening episode of the downbeat/boring 'Gold Town' on BBC Scotland. Being an Open University co-production, it was never going to be as compelling as Discovery's 'Gold Rush' - but they surely could have shown some gold, other than wee Graham's BPT round which he whips out of his pocket at every opportunity. The cast of CEO, a couple of managers and 10 or so rookies-in-training doesn't inspire confidence. The least dynamic gold mine crew ever to have cameras pointed at them accepted no responsibility for the constant problems and delays - all of which should have been foreseeable but none of which was ever built in to accurate forecasts. We learnt that they had spent £400k on a drilling machine which wasn't suited to the job at Cononish. Was that the hapless Gray's decision? We learnt that the Cononish gold was "microscopic" - but a few of us knew that already. We learnt that gold ore was being stockpiled as long ago as October 2019 (albeit not enough to produce more than an ounce at the fake first gold pour). Presumably they had to stop bringing the ore out as they don't have any more storage space for it. We saw that the place got boggy and that they were brought to a standstill by the unexpected amount of precious peat on the site. Which dolt carried out the peat survey? We heard from far too many foreign tourists. Who cares whether they knew about the Cononish mine or not? And we heard nothing from the local authorities who could have added some much-needed interest. The chairman put in a cameo appearance and not surprisingly seemed worried. More of the same to come; but this 3-part series ends with the fake news of the scam gold pour. Scotgold at least had the sense to kick the TV crew out before it became obvious that the scam gold pour was just the start of their latest troubles. (Did the hapless Gray delay the latest bad news so that the TV crew could finish on a high?) Maybe they'll film part 4 - the one where the mine produces 1 ounce of gold (allegedly), the new plant fails to process the ore and has to be redesigned, they run out of cash yet again, the CEO gets sacked and the share price falls off a cliff. That would be worth watching.
pr100: Here are just a few of the big news topics you won't have been able to read about on the Scotgold Twitter ramp written by wee Graham/henrik1967/TyndrumBoy1872/CP52/vfb1888: - "Resignation" (sacking) of hapless CEO, Richard Gray; - New plant failure delays production yet again; - The price of gold continues to fall and is now £175 below the £1400/oz level on which the life-of-mine economics are now based; - The Scotgold share price has dropped by over half since the disastrous "first gold" scam. The irony is that while honest LTHs know full well that the Hapless Gray should have been sacked a long time ago, Mr Market doesn't like the look of it. The natural read across when a CEO is sacked weeks before a mine is due to start producing is that the problems are worse than described in the RNS. And it sure doesn't help when the geologist who oversaw the CPR and resource estimates "resigns" at the same time. So it's not surprising that Mr Market thinks something is seriously wrong at Cononish.
pr100: 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.
pr100: 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: (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: 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.
pr100: No steelwatch, I don't count you as a member of the rampers' club. Nor do I consider myself a deramper as I have been posting mostly negative research and analysis since the arrival of the hapless Gray and while owning more SGZ shares than most, ie for several years when I would have profited from the share price going up. And of course, derampers post frequently whereas I only post occasionally. And most derampers post nonsense whereas my posts often dazzle with insight. And most derampers want the share price to drop whereas I don't give a fig about the share price today and rarely comment on it. I'm more of an auditor. I highlight nonsense posted by the rampers or by the hapless Gray - and I flag up negative news that the rampers would prefer to ignore. You should count yourselves lucky to have me. If the hapless Gray hadn't been rude to me - based on misinformation from his favourite fanboys - I wouldn't be bothering to post now that I have divested.
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