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
  0.50 0.73% 69.00 27,678 16:07:07
Bid Price Offer Price High Price Low Price Open Price
68.00 70.00 69.00 68.50 68.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -2.02 -4.07 37
Last Trade Time Trade Type Trade Size Trade Price Currency
16:32:43 O 14,565 68.60 GBX

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Date Time Title Posts
06/3/202107:23►SCOTGOLD Resources ◄ - Scotland's 1st Commercial Gold Miner1,308
30/1/202100:02Scotgold Resources358
14/9/202013:29Scotgold 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
2021-03-05 17:06:3668.6014,5659,991.59O
2021-03-05 16:32:4370.00857599.90O
2021-03-05 16:32:4068.00500340.00O
2021-03-05 16:25:1869.00418288.42O
2021-03-05 16:24:4068.20160109.12O
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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 68.50p.
Scotgold Resources Limited has a 4 week average price of 64p and a 12 week average price of 64p.
The 1 year high share price is 167p while the 1 year low share price is currently 39p.
There are currently 54,079,014 shares in issue and the average daily traded volume is 79,512 shares. The market capitalisation of Scotgold Resources Limited is £37,314,519.66.
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: Good to see that a few good men, such as Eck71 and yayay, won't allow themselves to be duped by arch conman TyndrumBoy1872/CP52/vfb1888/wee Graham/etc/etc in the other place - whose first post under his latest alias on 31/1/2021 at 19:21 was a blatant attempt to mislead the people who didn't know who he was into buying SGZ shares as the price plummeted downwards. The same conman who claimed on his Twitter feed that 100% of the gold from Cononish would attract a 'Scottish gold' premium. And the same conman who redacts all the negative news such as the production delay from his Twitter feed in case it puts anyone off buying. And sadly the same conman who calls anyone a liar who posts any of the negative truth about Scotgold in a public forum. Believe him at your peril. Thankfully, there are still a few good men who post honestly - in fact a growing number after the debacle of the last three months.
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.
henrik1967: As a non shareholder why are you actually here ? You have said you don't want back in at these prices ! What price do you want back in at and is it your goal to get the share price to your entry point by continually providing one sided selective links ? Other than saving all the people already invested here, which I doubt, what is your ultimate goal? Is it to make people believe your LA La Land stories so they sell up and you then hoover up.
pr100: Ask yourselves why Scotgold felt it was necessary to spend a chunk of change on banging the drum to new investors. The upcoming annual report will show that they are burning through cash at breakneck speed and that they are a long way short of being fully funded to deliver Cononish to profitability which is still years away. Chances are that the next fundraising will be sizeable and soon. But the lack of liquidity in these shares discourages outside investment. Investors need to know they can sell if needed without crashing the share price And a large investor needs to be able to influence the company's direction which is virtually impossible with NLR owning so many shares. Clearly, NLR's pockets aren't deep enough to see Scotgold through to profitability - or he simply feels he has as much exposure as he wants. So, allegedly in the interests of "liquidity" he seems to be on the point of divesting some shares in one or more dark pool deals - perhaps before they are devalued by further dilution. The current pumping seems designed to facilitate that. And the price he can get for them will be heavily discounted. So, be prepared. Coincidentally or not, the pumping coincides with the latest numbers from the World Gold Council which suggest that the gold bubble is about to burst. While investors are still buying gold stocks for now, the underlying demand for actual gold is falling off a cliff as the central banks start to cash in their reserves to see them through the pandemic crisis. And the biggest slice of the gold market - the jewellery trade - has plummeted 29% in Q3 to record lows. So Scotgold will be selling gold (or trying to)to a very depressed market. At some point soon the investment appetite for gold will reconnect with the falling demand for the stuff and the bubble will burst dramatically. Be prepared. Also, be prepared for the much-touted gold pour being a big disappointment - much as the BPT gold pour was. They will not be processing high grade ore. Like the BPT, all they have is a low grade stockpile of tunnel waste - and remember how wrong their grade forecast was for the BPT stockpile. Don't get scammed again.
pr100: I see that CP52/vfb1888/etc is trying to mislead his "pals" again in the other place. Fact is that placings like this aren't priced until the last minute. Broker/s would typically wall-cross to test the water on maybe Weds last week. From the feedback they get they then decide what discount to offer in order to get the required funds. Then they are immediately on the blower, signing up all the institutions and individuals who wanted to participate. There is zero chance that Scotgold's share price was less than 150p when the £1.10 placing price was determined. Of course, that leaves Thursday and Friday for the placees to flip shares they already hold in their portfolio at all prices from 150p down to 120p, pocketing a tidy (and illegal) profit which was denied to the vast majority of minority shareholders. CP52/vfb1888 is telling you one thing while doing his best to profit at your expense. Don't fall for it.
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.
Scotgold Resources share price data is direct from the London Stock Exchange
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