when i first bought these shares it looked a good thing, i should have gone to specsavers.
RE: Good money after bad...
Hmmmm, The entire UK has been surveyed years ago with electro-magnetic resistant results, using Westland helipcopters etc. Technology rapdily moves on in various disciplines such as ground penetrating radar and EM. It is what depth you want to go to, with what clarity, with what features. Whereas, satellite technology with massive focal lengths provided and provides excellent detail of the earth's surface (ref which Cuban guards were smoking during the Cuban missile crisis). By the end of the Cold war the acid test was telling the gender of an insect (but they dont actually have obvious gonads as such- it was an expression). You do make out old building foundations - very easily etc. Military satellites also have long used use infra-red technology. But yielding the depth needed and mineral type??? - sorry - gla genuine ones.- RM
RE: Good money after bad...
Samson, For what its worth, you will find all you need to know on here about airborne surveys . The survey may well help find that Elephant at depth. I believe the one that will be used will be towed from the helicopter as opposed to the fixed variety http://www.geotech.ca/ztem-Helicopter-Features-and-Benefits
RE: Good money after bad...
Airbourne survey to be replaced by Google maps? I love it. Do keep them coming. Have you heard the one about the two nuns who go into a pub?..... no, probably a bit too risque for lse....
Good money after bad...
Airbourne survey... when I read that I laughed... gimmick immediately springs to mind. Have they never heard of google maps? It's not some remote african plateu we're dealing with here... I have lost any confidence in this company. I've spent enough on this share already to justify lining the pockets of the directors again. The way I look at it now is that if it makes it big then I'll get my money back, if it flops (likely) then I won't have lost any more. The only time this company communicates is when they want more money. We've done that much in fill and sample drilling the mountain is looking like swiss cheese. The discussions on plant have been going on for 3 years+ Survey, samples, plant, 24/6 operations... they mean nothing unless we have money to move forward or are going to sell this company. Where is the design of small scale plant that was previously promised? I have zero confidence as a result of continual empty promises. Where is the revised report on viability? I think that it's a huge undertaking to get this mine operational and lenders are nervous about lending many millions to a company worth £2million at best. Talk it up all you like, but they are offering shares at 0.3p, we are scraping the barrel. One third of a pence per share demonstrates where we are and where we're going and the financial risk associated with this share. Share offerings like this are an insult to current shareholders. Let's be quite honest, nothing has really been achieved since the last time the begging bowl was passed around.... I've lost count how many times I've wished I sold out of this share. I see nothing to give me any indication that we're moving forward. We've actually gone backwards because we have planning permission but we're back at the NPA looking for revisions. I think the NPA will grant it because they know this mine will never get built... I'd love to be proved wrong, but my so called negative views over the years have sadly proved to be quite realistic....
Grampian Gold Project
I have seen a fair few rock chip samples from Cononish and surrounding areas over the years and if the area is as good as I believe then this Airborne survey will be interesting to say the least . It's good to know that Nat Le Roux is fully behind the RI and believes ,25/02/14 "As a Scot I am pleased to be involved in this material step to the development of a significant Scottish gold mining industry." https://www.flickr.com/photos/93177156@N07/ In the initial wide spaced regional program, in excess of 750 stream sediment samples were taken over the area. Initial interpretation of these results continues and this program is now being followed up by a more detailed infill sampling program in the anomalous result areas in order to further target areas for detailed fieldwork and prospecting. To date a further 300 samples have been taken in the infill program with a further 187 to be taken. In parallel with this regional program, Scotgold continues to evaluate previously identified high grade outcrop samples identified by previous exploration close to the Cononish project. The Company believe that the next phase of exploration in the central 'Tyndrum' option area should compromise an airborne geophysical survey in order to assess the nature and continuity of the structural regime in this area with a view to determining its potential to host similar 'Cononish style' deposits. Results from the infill stream sediment sampling program will guide further exploration effort in areas outside the immediate Cononish area.
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