vfb
01 Nov 2015
News out in AUS  Based on the earlier PFS, the Company has been offered indicative terms by leading banks to provide debt finance for the majority of the project’s funding requirement. Completion of this BFS facilitates the selection of the preferred finance route and the signing of a mandate with the selected institutions in near futureStructural studyThe Company engaged the services of Dr. Pablo Gumiel and Dr. Mónica Arias of Consulting de Geología y Minería, S.L., to conduct a structural study of the Cononish deposit and Tyndrum area. Dr. Gumiel is an expert in structural geology and the structural control of mineral deposits with over 38 years’ experience in research and mining exploration. Dr. Arias has over 15 years’ experience as a specialist in database management of geological-mining data, Geographical Information Systems (GIS) and 3D geological modelling. Drs. Gumiel and Arias have spent 30 field days, over three 10 day periods in May, July and September 2015, collecting data in conjunction with the explorationteam.In addition, Drs. Gumiel and Arias have undertaken significant work to develop, and expand existing, structural models for both the Cononish deposit and the wider Tyndrum area. The study aims to bring the large volume of existing data together into one model, utilising all of the various datasets. When the ongoing review of the combined data model has been completed, this study will create a ‘first pass’ prospectivity model, utilising a set of structural and geochemical criteria that appear to control the distribution of gold across the Cononish/Tyndrum area. This model will be used to determine which areas have the highest likelihood of gold-bearing quartz veins being located. The structural and geochemical criteria used in the model will be tested and refined through field work and further understanding of the structural setting of the Cononish deposit. The controls for the Tyndrum area are anticipated to be applicable across the Grampian Project region and will therefore aid and focus regional exploration. Once the prospectivity modelling is complete, Scotgold will re-evaluate high grade outcrop samples identified by previous exploration close to the Cononish project.Stream sediment programIn order to advance its understanding of the regional setting, over the past four years, the Company has embarked on a regional stream sediment sampling program. To date more than 1100 stream sediment samples have been taken across the regional area with assay results returned for 1,055 samples (to end-September 2015). Analysis of the returned stream sediment data, in conjunction with work undertaken by Drs. Gumiel and Arias, has indicated the presence of a significant number of gold anomalies in the better covered Glen Orchy licence area and a number of anomaliesthroughout the other licence areas. Five key anomalies in the Knapdale licence area have been infilled and the results are currently awaited. Anomalies in Glen Lyon, Inverliever and Ochills require infill sampling to gain a greater understanding of the distribution of gold in these areas. The stream sediment sampling program has a further ~350 samples to be collected, with the majority of the outstanding samples forming an infill program which aims to follow up anomalous results or to increase data coverage.
vfb
30 Oct 2015
Re: Presentation Name and Number ,lol
JC2005
30 Oct 2015
Re: Presentation Subtle change of surname on page 2.
vfb
30 Oct 2015
Presentation [link]
vfb
28 Oct 2015
Worth Reading [link] no one is looking for the Federal Open Market Committee (FOMC) to raise short-term interest rates when it ends its October meeting on Wednesday. And few expect the Federal Reserve’s rate-setting board to hike at its December meeting, either.The Fed has been stuck in a near-zero-rate rut since it ended its massive bond-buying program, or quantitative easing (QE), a year ago, and investors have waited for the other shoe to drop.But last week European Central Bank President Mario Draghi suggested the ECB was prepared to go to negative interest rates or expand its own QE plan if Europe’s economies and inflation remain weak.And last Friday the People’s Bank of China (PBOC) cut interest rates for the fifth time this year, following reports that China’s GDP is growing annually by less than 7%. China’s relative economic weakness (relative to its own recent history, not any of its struggling developed world rivals) had rattled investors and precipitated the summer sell-off.Top officials from the Bank of England and the Swiss National Bank quickly followed suit with dovish comments.How interest rates are set: The Fed's new tools explained(3:34)The Federal Reserve has kept interest rates at near zero since the 2008 financial crisis. To raise them, it has come up with a new set of tools. Produced by Katy Burne, Christopher Kaeser, Arielle Ray and Mark Scheffler.Result: Stocks rallied big time. Last Thursday and Friday, the Dow Jones Industrial Average DJIA, +0.24% soared nearly 500 points. It’s up about 8% this month, as are the S&P 500 SPX, +0.12% and the Nasdaq Composite Index. COMP, -0.09% Of course, the market’s recent advance has occurred since the FOMC decided not to raise rates in September, citing weak international conditions, so it’s in part a Fed relief rally. But I’d argue that the actions of other central banks have been even more important than the Fed’s, for three reasons:First, the three other major central banks combined have many more assets and hence much more firepower than the Fed does. They’re either cutting rates or continuing to buy hundreds of billions of dollars’ worth of bonds. Those dovish policies are pressuring Fed Chair Janet Yellen to postpone any rate hikes, perhaps indefinitely.The Fed, ECB, PBOC and Bank of Japan (BOJ) have $15.5 trillion in assets, according to Yardeni Research. The Bank of England and Swiss National Bank have another $1.2 trillion or so between them.That means the Fed has just 28.5% of the Big Four central banks’ assets — and about the same percentage of the $9.25 trillion these central banks have added to their balance sheets since the financial crisis.Here, too, China has surpassed the U.S. The PBOC has $5.1 trillion in assets, vs. the Fed’s $4.4 trillion, and about 80% of those assets are foreign currency reserves. China’s central bank has lots of money to pump into its economy or strengthen or weaken its currency, as needed.While Yellen dithers, the world’s other big central banks are going full-speed ahead.The Fed was one of the earliest to deploy QE, whose final round ended last October. But since then, other central banks have more than picked up the slack. The BOJ immediately boosted its own QE program to 80 trillion yen USDJPY, -0.07% , or $700 billion, a year, in a desperate effort to reverse Japan’s “entrenched deflationary psychology,” as The Economist put it.Less than three months later, in January 2015, the ECB finally abandoned its longtime obsession with nonexistent inflation, and announced its own QE program in which it will buy 60 billion euro EURUSD, +0.2444% worth of bonds every month through at least September 2016, for a total of 1.1 trillion euro. That amount may grow, Draghi hinted last week, as European economies remain weak and unemployment tops 10%.And then, of course, there are China’s multiple
vfb
13 Oct 2015
Presenting Scotgold PresentingIs Now the Time to Revisit Natural Resources?This is your last chance to register to attend our Investor Evening in Bristol this Thursday evening (15th October 2015). Book your FREE place now, by clicking here.The event will focus on the natural resources sector, which has lost significant value over the past two years as global commodity prices have declined. The evening will comprise an introduction by Beaufort's specialist mining analyst - Sheldon Modeland, presentations and Q&A sessions with FOUR natural resources companies, followed by drinks, canapés and a chance to share investment ideas with other delegates.The forum will give private investors the opportunity to hear directly from the senior management of these listed companies, providing an insight into the issues currently facing the industry. We aim to unearth some potentially exciting investment opportunities at the junior end of the market. After such a period of decline, is now the time to revisit this sector?Companies presenting on the night:Eurasia Mining (EUA.L)Ormonde Mining (ORM.L)Scotgold Resources (SGZ.L)Anglesey Mining (AYM.L)Register for your free tickets to attend this event now by visiting www.beaufortsecurities.com/bristolevent or by calling our Bristol office on 0117 910 5500.
vfb
08 Oct 2015
News MmmmmSo who's going to show their hand and join us over and above those I know have already ?Fill your boots if you haven't already but don't be slow when there gone there gone !Nur der VFB
horaceanddorismorris
07 Oct 2015
Re: RI 84% The good thing about those of you who filled your boots at .33, most especially Nat of course, is that it underpinned the whole future for we tiddlers and made sure that.60 was a success.
vfb
07 Oct 2015
Re: RI 84% I filled my boots on the last two RI's at .28 and .33 and my contribution this time was small by comparisonThat shortfall will be gone in no time at all Bring on the news and that meeting in the village hall
horaceanddorismorris
07 Oct 2015
Re: RI 84% Well, having missed out on the previous RI by being too cautious, I thought I'd go in feet first this time. So, of the 4,205,408 shares I see were taken up by excess applications, 2,139,725 were me.This still leaves me with only a truly tiny fraction of the holdings of folk like vfb and others on here, but I'm happy that what I've got could do me all right in the fullness of time. And hopefully not too much "fullness"!GLA
vfb
07 Oct 2015
RI 84% Richard Gray, Chief Executive Officer commented: “We are extremely pleased with the take up of the Rights Issue and the support it demonstrates from our shareholder base. Given the high level of interest shown, I fully expect that the Directors will exercise their discretion and place the outstanding shortfall within the prescribed period. The Company is continuing to advance the financing options for the Cononish Project and we will and we will keep our shareholders informed as and when the next milestones are reached”.For further information, contact the Company Secretary Peter Newcomb on (08) 9222 5850---------- ---------- ---------- ----Not a bad take up from those eligible Shareholders, So good they said it twice, lol
vfb
28 Sep 2015
Re: Funding Hope you have a nice birthday mate I don't get much wrong and I have met people who where present at that meeting and I value their input and that meeting in the village hall is more likely now to be in November but watch and see You never get news released during any RI and until its signed it won't be officially announced.
horaceanddorismorris
28 Sep 2015
Re: Funding Mmmm.... Don't want to be the wet blanket, vfb, but I'm sure you're as familiar as I am with the quality of minuting in small local organisations like this. Very often what's recorded is what they thought was said rather than what was actually said. Could easily have written "have been" instead of "hoped to be".Like I say, don't want to spoil the fun, just want to keep our feet on the ground. But hopefully I'm wrong. And anyway.... today is My Birthday!!!!!
vfb
27 Sep 2015
Funding It would appear that someone has let the cat out of the bag !From Strathfillan CC Minutes 14th Sept 2015 [link] Read the last two lines below4. Matters ArisingGoldpanning - See Secretarys reportStreet lighting - See Secretarys reportWHW link - Charlie has emailed Transport Scotland, stating that the path is of a lesser standard than the planners required for the Crianlarich woodland. No response has yet been received. Charlie will continue to progress this.Action CharlieDRT - See Secretary's reportBroadband – See item 6.6 in the chair’s report. Tyndrum have been experiencing unusually slow internet at times in recent months, which Gavin has been investigating. BT have at last found a suspected software fault has been found in Edinburgh, which will be fixed very soon, and it is hoped will fix the slowness. Robert contacted Digital Scotland regarding the roll out of Fibre Optic. The scheduled dates for Strathfillan are currently Summer 2016, but this may slip. It is not believed that alternative methods of broadband provision (e.g. satellite) is cost effective for this community, although properties a long way from the village exchanges may ultimately be offered an alternative in order to meet Government minimal speed commitments. It was suggested that it might be useful to have a few volunteers in each community to monitor speeds on a regular basis, and report problems, eg. speed degrading.Contact details for Community Councillors - these have been published in the notice boardStrimming - thank you to Robert and Alan for strimming around CrianlarichGoldmine - 2 offers of funding have been received, and negotiations are continuing. There is likely to be a public information meeting in Tyndrum, possibly during October.
vfb
18 Sep 2015
Re: Problems with access to Trading account ... III at it again , they where pathetic at the RI two years ago and I reported them to the FCA .You can apply direct to Scotgold for your entitlement and you should have received a letter from Scotgold advising you so if you haven't got the letter e-mail me at [email protected] and I will send you a copy
