AIM IP specialist Tekcapital to sell or float all four portfolio companies 'within 2 years'. Watch the full video here.
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Looking at theirs CVs and so long as it is not mutual Porkies, Shylock and Bill Crothers must know each each. Crothers the incompetent Enron style accountant, Director of Greensill Capital played a big part in making it super bust with tens of billions of loses and many redundancies in many companies, like those in Docklands.. it is looking like a convention of old cronies at Greensill. Crothers was into strategic procurement and finance. The stench involves attacks on LSE SGZ/ LON: SGZ and looks like it strongly whiffs and goes all the way to the Bahamas, via Black Blairmore. - RM
Hi Rockhead, The good news for investors is that most Dalradian companies should not now be subject to Enron style accounting, Ponzi schemes, factoring of account receivables etc as per Shylock's friends.
Despite current delays and blunders things are not that bad.
Even though Dodgy Dave well knew Shylock and Rudd from the Leveson hacking days (on the public record, court records etc), he is bound to get off of this new announced inquiry. Even the intelligence services are ROFL and LOL -- Laugh Out Loud -- LOL e.g. from the BBC --https://www.bbc.co.uk/news/uk-northern-ireland-15922339
Snow: : Glenalmond, our man on tracing Bent Bentleys in speed Reading and correct on human freedoms and rights, will probably tell you it is a Siberian Shuffle (aka Beast from the East.)
Snow White: : extra tables to lay in 14 days with lockdown restrictions ending in SCO.
Snowy Shytlelock and Dodgy Dave Snowy: : Now Dodgy has been exonerated. He will probably be asked to chair in hanging judge clothing , the closed door inquest on Bill MOD Quartermaster" Crothers. Then perhaps Lee Cain, in chicken suit clothing, could be the spokesman for the inquest - until then Dodgy might not want to go to a TV studio perhaps. - rgds RM
Woke up yesterday to a covering of snow, but then w2w sunshine made it a great (but bracing!) afternoon for a walk along our local beach.
Hi TG, Re construction exposed vein extension, I recall being shown vein offshoots on both sides of the main adit near the East end and outside the JORC area back in 2017, that were drilled as per Quarterly Activities Report 29-01-2010:
Bellers, isn't always that way when lions led by donkeys?
RM, Dodgy Dave notable by his absence among all the previous PMs back to John Major interviewed on TV to pay respects to Prince Philip.
When the axe falls it’s usually on someone who has been made a scapegoat of, when in fact it’s usually a collection of issues that come together to cause problems. Unfortunately I’ve witnessed it many times during my working life. In my industry it tended to be the the very senior management (usually bulletproof) that wouldn’t listen to the people with hands on experience. Result......the workers and lower management get guillotined. :-(
BBB, belated birthday greetings, happy 55th .
Rockhead , well done you .
Bellers , Mine Manager, you've waited long enough .
Mine life, at this point it matters not as nothing's been proved by the drill bit, although I did hear a rumour that the vein was exposed during the construction phase and it was just as was predicted. If Scotgold successfully manage the dry stacks then what reason would the National Park have for refusing additional stacks and even if they did refuse ,there is a lot of space inside the mine as has been said on here already.
Interesting few years coming up but when will Scotgold blow the dust off that drill rig , others are already off the mark . Will the delays further set back that ever elusive drill campaign and will someone else beat Scotgold for the next mine ?
Hello again BBB, I think we are approaching this from different directions. ( surprise, surprise lol).
Very simplistically because that's the way I work:
First mine produces circa 1/2 million tonnes of spoil which all goes to dry stack as per present arrangements.
This leaves a lot of space inside a big hill. The Increase in life of mine resource is speculative/unknown but probably not all in that hill and may/probably need different access arrangements. Therefore empty hill and unused adit can be used for waste assuming a relatively seamless transfer to mining any additional resources.
Anyway it's all academic. The important thing is to prove up resources for the future, that opens doors.
"However the company has obviously assigned some priority to increasing the life of mine or they would not have planned it and referenced it in the RNS." It has rightly done so to maximize the mine life and return on investment. My intention was not to debate development routes, but to point out the need to progress the Grampian Project and a second mine to get beyond a one mine company and fulfill NLR's stated aim.
A sunny afternoon here too. Have a good weekend, R.
Good afternoon Morar. Remember that the dicussion yesterday was about doubling the mine life which would in turn double the spoil to about 1 million tonnes.It's kind of hard to juggle that amount of spoil around waiting for the end of mine life.
BBB, Here's an extract from the BFS of 2015:
"Mining permission has been granted but with some conditions. One of the more important of
these conditions is that the full capacity of the TMF is restricted to 400,000 tonnes. This means
that about 129,000 tonnes of tailings (after taking into account the mass pull) will need to be
stored in old stopes towards the end of the mines life."
So about 25% of the original waste/tailings was intended to go back into the mine. It was costed in and In fact it was a condition of approval. The dry stack system was a change of planning itself. Can't see any real problem partly resurrecting an old approved scheme and possibly expanding it some?
Mind you I have been ever the optimist, that's why I'm still here.
Optimism might be seen by some to be a counter survival trait, I can understand that view these days.
The sun is shining here, back out to the grass/garden.
''BBB, as Eck says a lot of the spoil can go underground as in a previous mine plan.''Morar ,I recollect that plan. Unlike coal mines.99.9% of the spoil from gold,shale and diamond mines remains onsite.It is un feasible to replace the spoil when the mine is working therefore the spoil would have to build up during the life of the mine and extremely costly to do it at end of mine life.They might dump a few % of spoil back underground but it would be no more than that. If SGZ were serious about it it would have been costed in already and put on the back burner.
HMS Matapan was naturally a "Battle Class" destroyer - later used for research in Underwater Weapons trial at Portland. (see story of Kroger's and the Portland Spy Ring for more details.- also in Peter Wright's Spycatcher)
My fathers memories of Pompey included how flattened the place was by the Luftwaffe. In the Film In Which we Serve (HMS "Torin") based on the HMS Kelly and Dickie Mountbatten (Uncle Dickie to Duke of Edinburgh). I think near about everybody else in my father's submarine course at HMG Ganges were probably killed in action. In the film, near the end, a moment when "Ordinary Seaman" "Shorty Blake" is saying family to his family including a baby - Miss Mills). Behind are faceless sailors, heads obscured by kitbags, passing through the dock gates, as per my father, many shipmates never to return. See also 3rd Dr Who, Jon Pertwee, declared dead 1st time HMS Hood, declared dead 2nd time Pompey Barracks. The mortuary attendant cleaning his body, threw a bucket of cold water over the stiff - remembered now in history as the Hampshire Worzel Gummidge (Jim Dale like) -- ooh arrr!. -- He did far more than just work with Lt Cmdr Ian Fleming in WWII -- ref --- https://en.wikipedia.org/wiki/Jon_Pertwee (worth a read).
The Duke of Edinburgh also served around Crete, whilst the Bismarck was on the loose. (see film - Sink the Bismarck, ref HMS Hood again).
Yes, have a good weekend all.
Oops, apologies, Rockhead, not Eck.
RH, My intention was simply to give my opinion of the type of news required to give a sustainable lift to the share price.
I had no intention of starting a debate about the advantages or disadvantages of various routes of company development. However the company has obviously assigned some priority to increasing the life of mine or they would not have planned it and referenced it in the RNS.
BBB, as Eck says a lot of the spoil can go underground as in a previous mine plan.
RM, I remember when I was a callow youth in Pompey dockyard, HMS Matapan tied up alongside. It might have been being decommissioned . A long time ago, as per our FM I can't really recall.
Have a good weekend all.
True Baz, but by then, there may be a number of old stopes that it may be possible to back-fill and mitigate that challenge. ATB, R.
If the life of Cononish is doubled the the amount of spoil will be doubled with all the new planning that goes with it.Not an easy task.
Morar, the near Cononish prospects are indeed promising for extending mine life, but if NLR's significant Scottish gold mining industry' is to be fulfilled, then after the priority of positive mine cash-flow, progress needs to be made to target Cononish 2, bearing in mind how long we know it will take. SG have ~8 years to develop Cononish 1 expansion to exist, but expansion of SG needs to be demonstrated.
Eck, thanks for the link, Here's hoping we may get a clue, but I doubt if he will be allowed to go beyond the presentation of 30/03/21.
If there is good news, then likely Mr. Day will want to tell it!
RM, desperate Dave on the TV news today and apparently tried to get covid bail-out funds for Greensill.! Fortunately, someone stuffed that!
Regards and a happy weekend, R.
Hi Rockhead, C4 news.: 5 farthings has increased to 400 million quid in financial backing to Greensill Capital of tax payers money via the New Investment Bank. Under Cameron's legislation he does not have to say or declare any interests. Although it is known he had shares and options. More Ministers named who he back-doored lobbied.
More interested when it comes out about Cameron and Sir Humphreys (easy to find their names as they gave Lex a CBE.. ) and all the UK Strategic Mining companies, not just their invention with SGZ. Then PR100 might have to apologise- greatly. rgds RM
RG is presenting this evening at 6.00pm at this:
I have other things to do but as far as I can tell it's open to all and you can still register through Eventbrite. Might be worth a look for clues as to current status, though on past form I would expect any update on progress to amount to a breezy "we've had a few teething problems with the plant commissioning but we're confident now that we've got those sorted".
RH, i couldn't agree more with your comments about news, woeful in frequency. That's why I tend to reread them looking for the odd nugget. Sad, I know ;-)
Page 8 of The RNS of 29 Jan did make mention of the very, very dusty drill:
The correlation between subtle but anomalous surface geochemical distributions combined with the
geophysical data, especially the VLF together with the IP/RES data, and recent structural
interpretation, provides persuasive evidence for the presence of mineralised veins structures under
till deposits to the west of the Barren Vein (location 1 and 2) and to the south of the Cononish Vein
(location 3). The company is currently engaged in modelling the geochemical, geophysical and
structural data to establish the sites to test these three targets. Once modelling has been completed
an exploration and drilling programme will be budgeted and scheduled.
We might get a follow up on this this year I hope. An increase in resource/life of mine for Cononish to 20 years say, would be real news and might do something substantial and lasting to the share price.
RM, we've had the lemons, in trepidation await an orange as SGZ owes us rather more than 5 farthings and even 6d for Hon Basil (1)! At least you found him a birthday card of sorts that says as he feels that we must be almost there. I wonder if Lex or Cam will suffer anything for shoddy debt-parceling, or can they just afford good lawyers and PR?
LV, I agree that communication has for years been woeful, yet I would not want SG tweets to follow ERIS with hope based on boulders or the endless froth of ALBA and CGNR. Mind you, it's about time SG had prospects targeted and like ERIS, dusted off the drill!
Samson, I would agree that only solid progress will do and that would merit proper announcement. Tweets are best kept to lesser information and transparency on activities, but more frequently than the deafening silences with only occasional bursts we have had from SG. Dore bars and deliveries to jewelers by the month end needed! Will the new CEO make a sharp start?
I guess I would hope for a photo of them mining and stockpiling for processing, ready for them to offer unlimited overtime once the filters et al get sorted. That would foster positivity, albeit at a minor level -rather than " fools gold fiasco" of November- already mentioned. As things stand no one with any experience of engineering can understand and are suspicious of why these things are taking so long to resolve...ripping out and starting again would seem to be cheaper and quicker than whatever is happening there. ( or is that what they are doing...who knows?) If Scotgold are paying for the remedial work then it was an almighty C**k up in the design of the plant... if it was an engineering issue then any company designing and installing it will probably never work again, because of lack of income working on " repairs" or reputation loss. Anything less would have been done by now. That leads me back to my request for " something" we can believe in rather than the worry we may have bought into the " Kings new clothes"
They tried that in November and look how that turned out... The only good news worth shouting about is consistent gold and precious metal processing. Anything else is froth and the market knows it. There are only 2 possible outcomes at this moment: production or furth delay. For their sake and ours I hope it's production as more delay would bring untold damage to reputation and share price because people will start to question whether there is a serious fundamental issue at the plant that could take a long time and a lot of money to resolve. That would be unforgivable.
C'mon Scotgold share whats happening, build some excitement and enthusiasm... like your " neighbours" https://twitter.com/ErrisResources/status/1380050704501465089/photo/1