Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Wins the 7.30pm race this evening @ Kempton Park. The form write up in the Sporting Life site said "might get back on track after a break". Can't envisage SGZ getting back on track from this fine mess we unwittingly find ourselves in. :o).
Remind us how much he syphoned off for a salary.
Scotgold hasn't been run properly since Chris Sangster left. It went down hill straight after that.
So if it’s definitely administration. Who’s buying it up? In what format and at what price. Will shareholders be offered 2p per share?
Why would a majority shareholder let it face administration and risk loosing his investment if he didn’t have plans, one way or another.
Even then, will a new or current owner be able to run the mine at profit? Or run it at all?
Bond payments with the national park, time running out on permits to mine, is there even an economical way to extract gold from narrow veins in this country.
Anyone staying for the ride after 14 years of misery. Not me. Time to put my energy into more productive things I think. Good luck all
On Friday only "confirmatory diligence" remained to be done.
Over the weekend LOL or very early this morning LOL potential investors changed their minds.
Keep the receipts. People need to be jailed for this.
1800 ozs produced in July, that's a healthy business and whoever takes it has to pay off existing shareholders
My advice speak to the National Park authorities and ask them to stop àny further activity until this matter has been resolved satisfactorily formally parties involved
In my time SP had been 10p - 150p, I would settle for 50p, that's my break even on a substantial loss at the moment
Realistically and to state the bleedin' obvious "it's not looking good from where i'm standing". Sorry for all who've lost here (myself included). Learned a long time ago though not to have all the AIM eggs in one basket so my financial hit isn't/won't be anywhere near catastrophic. A bag or 3 elsewhere in my PF will recoup losses on SGZ. GLA. :o).
It will be interesting to see what happens to their significant shareholding. Converted to new shares? Off the table deals? Who knows. Interesting to see what the masons make of this? Was it their intention to become a secured creditor to take it out of administration? More fish than peterhead.
Should Hetherington and Duffy be made famous for their endeavours?
Who else?
LYING SCUMBAGS!!!!!!
No surprise there. This has been a box-ticking exercise leading to a pre-planned administration – which will surely be confirmed this week.
I'm not a holder here, but it has been on my watchlist for a couple of years. Might I suggest that you have a read of the last couple of weeks postings on the IOG board. Not exactly the same, but enough similarities and a group are starting proceedings. It may be useful to make some contacts there. The barrister, at her own admission, does have the odd issue in her past practice, but this I her speciality and she knows her stuff.
Where’s that guy that said it’s coming tomorrow? Mysteriously vanished. Where’s genior? His ardent defender? Jokers.
Here’s a thought for those who have lost money, stick a legal claim in, put a lean over any assets until it’s heard. There’s a lot of machinery/diggers up there. Bear in mind they’re negotiating with unsecured creditors at the moment. Form an orderly queue.
I’m assuming the workers will be due redundancy money too? Or is that another thing they won’t be doing.
What about national park bond payments to restore the land?
An absolute shambles.
Shychap, Yes, on reflection I could have left that bit out.
GLA, R.
"Financing discussions are ongoing, they are at an advanced stage with confirmatory diligence being undertaken."
That might be encouraging if it is true but when you see the juxtaposition of
"short term" and "until further notice" it's probably waffle.
Slacker - ring them up and ask them.
imo
I don't think it's necessary or kind for the lucky few who sold at the right time to remind everyone else at this moment.
So sad that such a prospective project that I have supported and invested in over 10 years has been trashed by repeated corporate incompetence. I am fortunate in having withdrawn with profit earlier, but feel very sorry for those who have kept the faith and face losses. A tragedy too for the employees who are now left with no income and probably no jobs. The community of TYndrum deserved better.
Regards and farewell to all here, R.
I HAVE LOST £10000.00 TO THIS!!!
How can you go from that presentation at the beginning of the year to this in a matter of months!!!!?????
Bp, that 3 oercenter thing. What price did they buy in at? Like 60/70p?
Probably why they didn’t sell at 13p. Much like yourself I think they will be hoping for better days tomorrow. Time will tell.
What I will say is, I remember the days we talked about how rich the mine would become. Now, it’s a scramble to just get money back. I also think that even if it continued in some fashion, the share price will be hit by constant and considerable exits right up until the 70p mark as those already burnt would just want out I feel.
If it passed your average price in 6 months, would you not sell while you could.
As for tb, his words are worth less than the cost of the air it takes to voice them. As credible as Fred Goodwin selling you shares in sgz 2. Will forever be known as a trumpet
Why did three percenters and directors to a man hold firm and not sell a single share?
Did the summer signing - Mason Mount is the footballer lol - and his wife really buy in just months before we hit the iceberg?
Human nature being what it is, I think that is unlikely. Not impossible but unlikely. No one commented on this the last time I made the point.
To me it suggests they know there will be a future........ for them.
News on Friday, the last working day of the month, or Monday morning?
hey tb - are you with PD going Walkabout and hiding in Outback?
I have taken the liberty of phoning the FCA. Total waste of time and energy. Therefore a pp or a cal is the only other way. I myself will do more digging, of the non gold variety
Scotgold
I know who you are.
I don't know why you've ripped me off?
If you are looking for more free money with a further raise, I can tell you I don't have anymore money, but what I do have are a very particular set of skills.
Skills I have acquired over a very long career.
Skills that make me a nightmare for people like you.
If you give me my £10,000.00 back that'll be the end of it and I will not look for you, I will not pursue you,
but if you don't give me what i want , I will look for you, I will find you and I will take things from your lock-up!!!
Well George,you know who you are and what you have done before.A private prosecution will not be cheap.The directors will have deep pockets of their own.You must have lost a packet to even consider this. I wish you well.
Bbb words like game and jig say it all then really don't they ? I will investigate myself. Nobody here knows who I really am or what I do and have done before. This lot better watch out. I will certainly consider a private prosecution or the best route perhaps as has been muted b4, a Class Action Law suit. This all stinks to high heaven