The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
If its of any consolation, when I first bought shares and came to this board I thought it must be the wrong one. All of the talk seemed to be about whisky and drink whilst the share price was apparently determined by the height and frequency of use of Bellers mower blades.
But gradually I began to understand that the whole point of the board was not to make money but to be part of an exclusive club where most of the time communication appears to be of secondary importance.
Wouldn't have it any other way. If you ever find out what is going on, don't tell me, it would spoil the fun.
Hi all,
Thank you very much for your comments regarding Reason to Buy Scotgold.
I am normally a positive person but with everything that has happened recently it is almost naive to think that major problems affecting the world are not just around the corner. It intrigued me that no one argued against this, but opted for talking about the best method of preserving wealth. I believe that property, physical gold and gold miners are the best way to do this. If crypto is your thing I would not condone it although it is not for me.
Without becoming too pessimistic I would be interested to know what this board believe will be the event that will cause the global economy to go breasts up. As being aware of what to look for could affect our actions.
Apologies for being a bit deep.
Living in the South Hams makes it difficult to drown our sorrows in the malts normally discussed here, we have to make do with beer.
Hi all,
The world is in a mess and will be for some time.
My reason for buying Scotgold was a hedge against fiat currency which includes all major currencies. If the worst happens and major currencies collapse through hyper inflation due to even more rampant money printing people will be trying to find an asset so their money retains a degree of value.
Some say precious metals, some say crypto currencies or even land.
In a way it doesn't matter too much about the short or medium share value. As long as the mine performs as planned, it will be one of very few in a safe jurisdiction. If the muck really hits the fan and the price of gold goes into orbit, we will be sitting on a gold mine.
Company capitalised at £58 million, total output to date, one ounce.
I understand all of the emotion and optimism behind this share, but it will take time and continuous output to grow into its value.
Sits back and awaits brickbats.
Hi Rochead,
Are you aware that Cornwall has started to mine lithium?
There was a private fundraising this year but they are talking about going public soon.
Cornwall seems to be in a purple patch at the moment, tungsten, lithium and beer. I bet they will find gold soon.
Me and a few of the lads are planning a raid over the Tamar bridge next weekend from Devon into Cornwall to deplete their stocks of the latter.
Hi Rockhead,
The tungsten mine is about twenty miles from my nicely trimmed lawn.
When it was owned by Wolf minerals I had two trips around it and each time failed to see how I was a commercial proposition.
They were competing with the Chinese who mined in the middle of nowhere and had scant regard for health and safety.
At Hemerdon they were quite close to villages and were therefore very restricted on the hours they were able to work. They even had to buy a number of properties to keep some of the locals quiet.
I have heard that it had been taken over but not heard anything about starting up again.
Just thought Bellers needed some help, so lawns in South Devon are now nicely trimmed.
Just read that new restrictions are being imposed on the west of Scotland. I assume that we are still OK. Could anyone north of the border confirm?
Thanks
At risk of being castigated for a second time, I have compared Scotgold with Hummingbird, a company that quite recently went through first gold pour. Hummingbirds share price did not appreciate materially during this period, that is why I gave a word of caution about Scotgolds price in the short term.
The important facts as I see it is the amount of gold versus the market capital of the two companies. Scotgold under phase 2 is planning to produce 24,000 oz per annum whilst Hummingbird is planning to produce 24,000 oz per quarter, yet Hummingbirds market capital is only twice that of Scotgold i.e. Scotgold is valued at twice the rate as Hummingbird.
I realise that it is difficult to make a comparison as Hummingbird is in Mali whilst Scotgold is in a safer location, hopefully Scotgold will sell at a premium and the price of production should be lower.
That said, it still appears that Scotgold will need to grow into its market capital to some degree.
If I have this totally wrong I would sincerely like to be corrected and would be suitably chastened.
Almost a full page article in Sunday Mail today, page 94.
Nothing we don't already know. They suggest holding on to them.
Hi cp52,
I think you may have misconstrued my comments. What I am saying is that a successful gold pour in November does not necessarily mean a big increase in the share price. That event could already be baked into the price. You will see from my posting history that I am not a frequent poster. I take positions in shares which I believe have long term potential. I currently have four shares of which Scotgold is my largest holding. I believe it has long term potential, but I think that shareholders who get in to expect a quick gain at gold pour could be disappointed. One of the reasons I have invested is due to the various number of incidents where gold has been found by amateur panners in the region.
I apologies if you thought I was criticising your post, I just wanted to dampen down expectations of quick short term gains.
Hi all,
Just a word of warning.
I have been in a number of gold related shares over the years and have been excited about first gold pour only for it to have little effect on the share price.
If the news is already known it is normally in the price.
What will drive the price up is new good news which could possibly happen at gold pour, but it is not a given.
When the price was at 150+ I thought the market capital was quite high compared to other miners so not surprised that I retrenched on fundraising.
Additional good news will be required to turbo charge the price.
One thing that is an excellent plus for this company I the location. Most gold mines are in hostile countries or situated miles from civilisation. Whilst Scotland has a tin pot dictator I do believe the populace is reasonably civil!
I do so like this board. Keep it going.
10kj
Rockin & Rollin
Thanks for the reply 're cash CP52.
Have they enough spare cash to take us till October when the gold run starts?