I hope SGZ now get cracking on with this mine now they have the funds. I'm always a bit suspicious about these loan arrangements which arguably incur conflicts of interest. Nat buys £2m worth of shares then lends £5m at 9% interest. At least this morning the market seems to like this arrangement.
AAU is one I hold and must admit the news flow from them is good. Just wish it would reflect in the share price. SGZ on the other hand do seem to have dried up on the news front since the initial trial and gold pour.
We really need some decent news flow and action here. I and others have been here a long time and would have thought we might have had some more action on the ground and some forward planning news flow to show what we have in the ground ! Let's get some drilling and proving up done and get the results out there ! Chris Sangster is also a director at AAU where they have been getting some great results out in Turkey surely we can get a bit more done here?Maybe we should all buy some picks and shovels, go north and do it ourselves ffs.
Rights issue @ 25p which was extended ( no wonder as share price had been around 21p )
The chairman appears to have underwritten and ended up with a lot. ( 56% )
options to buy @ 49p ( think that correct ? ) to 29/12/19.
I don't think much of your broker's expertise! Of course they will now be £1 - but why would one bother at the current s.p?
Here's an interesting link posted by someone called SteelWatch or something from Twitter.
ok, maybe a silly question, I have a certain amount of unlisted options, which expire at the end of September, for 1pence per share.
I have contacted my broker, and they cannot tell me if I can still exercise these options @ 1pps due to the consolidation.
Does anyone know if I can still exercise these options at 1pps or would they now be £1ps ?
We have been stuck down here for a while which is where I would rather buy them
The incentive to buy is that the funding that has for so long eluded Scotgold has been substantially reduced from £18.5 million to £7.4million .
The EBITDA has increased from £67 million to over £100million with net cashflow at £67million.
Jewellers have just paid in excess of 30% Premium for Scottish Gold
Scottish 1oz Gold rounds sold at auction achieved on average a 378% premium
Scotgold has recently acquired projects in France and Portugal
Scotgold has identified multiple targets within a 15km radius of Cononish
Cononish is high grade ( 14.3g/t M&I )
Low operating cost of only £379 per oz
Pre tax operating margin of 59%
Payback is only 13 months
"Will be against BBC copyright laws Larry, having said that there are lots a Youtube videos which break the copyright laws. You could probably edit the piece you want in Sony Vegas or another video editing package if not encrypted and then upload, it may or may not get taken down though. I'll talk to my lad he has his own channel he may know."
I have also emailed Chris Sangster and Richard Gray with my thoughts, he who dares Rodney !
I tried asking some IT wonks HM, the consensus being the BBC keep a tight reign on their stuff, will keep looking. Anyone with direct influence with the company (Hint vfb!) have they sent an invite to that well know Donald of Scottish ancestry, to come for a visit after his tea with the Queen? Just a thought !
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