Find Your Broker
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
  +0.00p +0.00% 36.50p 8,283 08:00:00
Bid Price Offer Price High Price Low Price Open Price
35.00p 38.00p 36.50p 36.50p 36.50p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -1.44 -6.00 16.7

Scotgold Resources (SGZ) Latest News

More Scotgold Resources News
Scotgold Resources Takeover Rumours

Scotgold Resources (SGZ) Share Charts

1 Year Scotgold Resources Chart

1 Year Scotgold Resources Chart

1 Month Scotgold Resources Chart

1 Month Scotgold Resources Chart

Intraday Scotgold Resources Chart

Intraday Scotgold Resources Chart

Scotgold Resources (SGZ) Discussions and Chat

Scotgold Resources Forums and Chat

Date Time Title Posts
08/1/201909:48Scotgold Resources - Gold mining/exploration in Scotland3,554
23/12/201321:16Gold in Central Scotland!!!!!!!!!!!!!!!1
21/2/201211:59Scotgold Resources341

Add a New Thread

Scotgold Resources (SGZ) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2019-01-22 16:28:0835.002,500875.00O
2019-01-22 14:54:3235.031,428500.23O
2019-01-22 14:14:0435.004,3351,517.25O
2019-01-22 09:54:3335.03207.01O
View all Scotgold Resources trades in real-time

Scotgold Resources (SGZ) Top Chat Posts

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 36.50p.
Scotgold Di has a 4 week average price of 35.50p and a 12 week average price of 27.50p.
The 1 year high share price is 40p while the 1 year low share price is currently 21.50p.
There are currently 45,639,546 shares in issue and the average daily traded volume is 13,491 shares. The market capitalisation of Scotgold Di is £16,658,434.29.
pr100: That modest publicity has certainly helped the share price not to drop too much. What a damp squib. Hardly any buyers in the whole world. Gray is to blame.
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
Scotgold Resources share price data is direct from the London Stock Exchange
Your Recent History
Scotgold R..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20190123 00:57:32