BBC [link]
i News Courtesy VFB:[link]
Podcast with Richard Gray [link]
Geology Presentation [link]
I feel congratulations are in order this St. Andrew's Day Well done to Graham Donaldson for being the proud owner of Round Number One as of yesterday and for breaching the 3% today. I salute you.Sláinte
BBC News [link]
Mine Visit There will be a Mine / Plant Tour on the 30th of November, anyone interested e-mail me at [email protected] See for yourself , discover the facts not the fiction Ask your questions direct to the experts See the Plant in action See the Vein Touch the Gold [link]
Re: NEW ARTICLE: Trends and Targets for ... Whilst I understand and appreciate your total passion and commitment to this share, there comes a time when simply letting sleeping dogs lie is a more prudent approach than stoking up a fire. As you know, I am a pedant and, frankly, if you look at the bottom of the said article, you will see a note, in nice big red letter, along the lines of "*** End of "Updated Today" comments on shares. Listed below are those where commentary remains valid.". You will note that Scotgold is not included in the list. Why? A change of mind? An oversight? Who knows and, frankly, I don't care. What you will see is ground breaking news that Prince William has floated on the market "LSE:RMG Royal Male" - remember, II were the first to release this news - beats the BBC for accuracy (an in joke comment from the other place).What matters though is what is happening on the ground. The mine is there (many thanks for organising the last trip) and producing. 800+ tonnes of tailings processed, one third or so of the way through (1st pass) the permitted tonnage, one sixth or so of the way through the available tailings. All that gold etc and we haven't even had to put a shovel in the ground.Scotgold is real, it is there, it is producing. It doesn't need a bun fight, or handbags at 50 paces, either here or on the other place, for the world to know about it. The fundamentals are good and the pieces of the jigsaw are slowly coming together.Gary
Re: NEW ARTICLE: Trends and Targets for 20/0... Oh II Editor,Would it happen to be that you didn't get an invite to the opening event that attracted national television that has sparked your interest , shame the lack of it before ?Could that be anything to do with your shameful handling of a former Rights Issue that was on your "door step" of which I have copies of your shameful correspondence and lack of it ? Our was it just plain ignorance or was it just to close to your Xmas party at the Hilton ? You have my name and passport no , I invite you to prove me wrong !On the other hand if you are genuinely interested you can attend the next mine visit , I will even arrange for your collection from your Glasgow office and for overnight accommodation at the Tyndrum Inn .What have you got to lose ? PS : did you get an out of office reply just before your article ? How convenient not to mention that Why let facts get in the way of a good story ? [email protected] for next Mine visit, last week in October !III, my name and address you already have , use the above e-mail if your research is as good as your reporting .
Price Hmmm, check out MoneyAM live price folks !
NEW ARTICLE: Trends and Targets for 20/09/2016 " CLUFF NATURAL and SCOTGOLD (LSE:CLNR & LSE:SGZ) feature next and both shares exhibit quite different potentials. Cluff needs to close a session above just 5.154 mid-price (currently) to allow us to exhibit optimism for coming growth toward an ..."[link]
Re: Latest MI comment... Interesting article from John Cornford in Master Investor. John is now not discouraging people to Buy as I presume he did in November ( not read Nov article ) ,anyone who bought in November could have made 33% profit so with John now saying Buy ? MmmAs with most articles the Numbers are inaccurate but credit to John, compared with others his are pretty accurate.The Budget for Portugal is £30,000 so hardly damaging or dilutive as suggested, Scotgold have access to lots of information and lots of samples that are yet to be assayed and if £30k shows up the possibility of one or more Gold Mines then that's money well spent to say the least .No mention of possible French Licences in the article , guess he didn't research that one , or the need for dilution on them, maybe there won't be any required as SGZ France already has 200,000 Euros in its coffers to cover the initial exploration budget.No mention of a Premium for Scottish Gold either .Now the BFS will be much better that is true , the only question is by how much ?More mine visits are happening , that is true .
Latest MI comment... When I wrote up Scotgold back in November, it was to highlight how constant share dilution is ÔhiddenÕ from investors in the only charts available to them Ð i.e. the share price. When a companyÕs fundamentals havenÕt changed, itÕs the market cap that indicates whether or not its value per share has changed. Unfortunately, no-one produces such charts, so investors canÕt check it out Ð and companies, naturally, donÕt point it out.I therefore worked out that due to ScotgoldÕs unfortunate dilution history, its shares werenÕt likely to go anywhere even though its market cap kept expanding, so that funding for its near-term 200,000 oz Cononish gold mine would not be possible at much more than the then 0.73p share price. Since then, Scotgold has been diluting just as heavily, and so its shares have been left behind in the gold rush.But last November gold was at $1,100/oz and the $/£ rate was 1.5, meaning that Cononish would see £733/oz for its gold. Now, with those figures $1,350 and 1.3 respectively, it will see a 41% jump to £1,038/oz, and with the mineÕs Ôcash costsÕ estimated at £322/oz, ÔprofitÕ per gold ounce sold should rocket by nearly 75% (depending, of course, on whether sterling stays low and bering in mind that some of those costs will rise with a higher $).That the news hasnÕt benefited the shares may be the result of yet more dilution to buy a blue-sky prospect in Portugal not connected with Cononish, not to mention that Scotgold is small and that other news is pending Ð particularly a bankable feasibility study being revised compared with the July 2015 one I used. It will affect ScotgoldÕs chances of raising the £18m (although it might be in stages) that it needs to get Cononish going.But companies never seem to learn that when a near-term project needs start-up funding, they are shooting themselves and shareholders in the foot by damaging that prospectÕs per share value to buy an unconnected longer term one.Even so, Scotgold is stepping up its search for Cononish funding, and if, as I expect, the new BFS is much better than the old and ÔvalueÕ really has expanded by 75% (the NPV will have doubled on the higher figures), investors might look again, notwithstanding that shares in issue have expanded another 20% since last November. Potential investors have recently been shown Cononish ÔScottish GoldÕ recovered from a bulk processing trial, and more visits to the mine are due. So I wouldnÕt deter anyone from buying the shares now.
Mine Visit The next Mine visit will be on the 7th September Anyone wanting to attend can contact me on [email protected]
Share issue Couple of points....1. We seem to have a lot of shares issued. This concerns me. I am concerned we'll see some form of reduction going forward. From experience shareholders don't ever benefit from this type of exercise.2. Number of shares in issue may inhibit share price growth.Thoughts?