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I see what you mean about the large corrections yesterday and today Rockhead, impressive! I think I’ve come to the conclusion that the abacus is conveniently broken and that’s the way it will stay!
I think alba will need to show something shiny fairly urgently or they may be joining my Bradford and bingley shares in the lost world.
Certainly looking forward to the next sgz update.......
Prentice, just noticed that like me, you have a small stake in ALBA. They seem to be doing such a lot and briefing with tweets almost daily, but where are any worthwhile gold grades? No wonder the SP is going down. At least we know for sure that SG has the gold, has the mine, but........oh well, you can't have everything.........at least not yet! ATB, R.
Prentice, one can only be bemused by the trade reporting. My wee top-up earlier in the week was repeated at both the time I asked for a preview of order and 6 minutes later at the time of the trade as confirmed by e-certificate. That was corrected the following day, but look at the big corrections yesterday and today! Who's dodgy algorithm? Today's 70.5 mid-point on a narrow spread appears to show 'buys' at 70.385 to 70.495 as 'sells.' Could the incomprehensible flushes of tiny trades that you mention, be nothing more than background electronic 'noise' of computer digital errors? Is AIM becoming as unreal as crypto currencies?
Here's hoping for a very real and RNS from SG by the end of the month.
Have a good weekend all, R.
if indeed all the bad news is out of the way, then current SP offers a great entry price IMHO, understandably though the market wants confirmation that we are producing.
Meanwhile POG $1775
Have a nice weekend all.
GL
It would indeed, fotf. Gold is back to around the lows of 30 November ‘gold pour’ day, since when it’s been up to the 1950s and down to the 1670s. Meanwhile, in those four and a half months Scotgold - as far as we know - hasn’t produced a single oz of gold.
There’s definitely some more positive market commentary around for gold now - as you say, with (maybe) a reversal in sentiment and price action for gold, now would be a good time for Scotgold to break the omertà with some good news on real production. And so we wait...
POG $1760 ...the start of the next leg up, too early to say however, much better than below 1700 of late. A rise in POG coupled with an announcement that we are producing now would be a great turning point for SGZ.
GL
Is unknown recorded because the trade is exactly on the midpoint? What’s the theory behind the 17 small trades all at 8:55?
I have a small holding in alba , reading and watching the current turbulence over there is bizarrely making things at sgz seem luvvly jubbly!
will we get a rise in SP in the run upto end of April...let's see...nice to see POG attacking 1750 again at least.
GL
Yes, hopefully some ounces produced.
"Despite the continued delay to ramp up, the Company still expects production for calendar year 2021 to be within the guidance range previously provided of between 28,500t and 25,700t of ore processed, and between 7,900oz and 7,000oz Au of gold produced."
Cononish will do a lot more than chug along and pay the wages Baz, and when the expanded resource is proved up that will be a step change in the project value, given that most of the capex will already have been incurred. There's much to look forward to and the economics of Cononish are extremely resilient both to higher costs and lower gold price. The stuff does need to start coming out of the end of the production line though. A few hundred ounces at April's end? That would do, as a start.
Cononish at best will chug along for it's lifespan.It will earn it's keep and pay the wages but will it earn enough to put the sp through the roof?.There should be enough local knowledge now to keep the malfunctioning plant limping along to produce something.The next r n s will show a few hundred ounces at least.
yayay, I don't think you can blame St Bride's, they need to have material to work with and Scotgold have so botched the transition into production - which I thought St Bride's did a good job trailing in advance - that there's really very little to be said on the 'good news' front until the plant is up and running. I suspect they feel as burned as the rest of us by promoting a 'Scotgold in production' story when there's still no production over four months on. Not good for their reputation. I'd like to know who, if anyone, has advised on RNSs from November onwards - and if it's them then your criticism is fair - but if I understand correctly they have a media relations brief, not an investor relations role, so their job is to promote the company in the media not 'cultivate the market' as you put it. Difficult to do that when the company is its own worst enemy and insists on a monthly schedule of self-inflicted pratfalls. I would hope they are now working on profile pieces, interviews and good news around the new CEO and the start of real production.
RH, NLR has his own credibility to think of. He's been made to look a chump with the £1.10p placing, now seriously under water, and I expect there will have been some brisk phone calls from Styslingers, Hetheringtons etc to whom he has sold the Scotgold opportunity. I continue to believe he is in for the long haul and isn't looking for the exit any time soon, so in that sense short term SP isn't critical, but if I'm reading the signals (ie RG booted upstairs) correctly, the board have lost patience and want to see some shareholder value created in the short-medium term.
Or 3) since the BoD own so much of the stock and NLR the debts, they are not too bothered about the SP and the continued policy of stony silence, as expectation and rumour may more likely push up the SP than news!
Yawn, R.
You've had the same thoughts as me about St Bride's, R. I have not noticed any greater professionalism about news management since they were engaged than before. The content of the news - good or bad - is not entirely relevant, I feel. It is the 'cultivation' of the market which I thought professional PR people would have been adept at. The proverbial tea lady could surely handle 'Wham Bam Out of the Blue' Good news/Bad News at rather less cost.
RH, I think we are looking at two possibilities for the next RNS:
1) the 'Kitchen Sink', where the new CEO takes the opportunity to get absolutely every bit of bad news out there to lance the boil and rebuild credibility with the market.
2) the 'Fresh Start', which assumes we have now had the bad news, and the new guy gets garlanded with the announcement that we are finally in production and revenue-generating.
Sometimes the market response to 1) is positive, but credibility is so battered at this point that I doubt that would be the case for Scotgold in the short term. Longer term is a different matter, but I think we've all had our fill of jam tomorrow.
Morning RM and Eck.
And are we ever going to be told about it? Wasn't St. Brides engaged for PR, or did I miss something? Have to make do with buy on the rumour and sell on the news. LoL!
GLA, R.
c. £45k of buys so far this morning vs c. £3k of sells. Gold price starting to look firmer with the fundamentals moving in its favour - weaker dollar, very negative outlook for real yields, wildly overvalued equity markets, crypto bubble may be running out of steam in the short term.
Question is, are Scotgold ever going to start producing gold to sell?