Member Info for Andrew1987

Very nice. Very successful. Smoke and mirrors folks.

"These conditions indicate a material uncertainty that may cast SIGNIFICANT doubt over the ability of the consolidated entity to continue as a going concern and therefore its ability to realise its assets and discharge its liabilities in the normal course of business"

Only 23M to clear first. Don't worry. 8k in the bank. All confirmed in RNS. Not my words.

Quick game, like speed dating almost.
A Dictionary for bad spellers like me...

Disarray: lack of order or sequence, confusion, disorder.
Stalking: A pattern of behaviour directed at a specific person that would cause a reasonable person to fear.
Incorrect: not in accordance with fact; WRONG.

Next weeks definitions... Erratic. Crazy. Odd.

Night all.

"No legacy is so rich as honesty"

Poor grades.
23M debt.
Facing administration.
8k in the bank.
If raise is successful, 14 days left.
Yet I'm the favourite topic. I'm flattered. I wonder why these "expert investors" are so keen to see me gone? Perhaps they don't like the truth.
Or maybe ones a builder, ones a farmer, with one holding, and both couldn't pick a winner if the race was over.

Must be samson. You've been so right with everything else.
I'll not be walking threw manure, praying for gold at your age though old chap. Must be that bad grammar that's got me so far behind eh.

I'll bow to your greater experience on that subject yayay. Hope Barc worked out well for you too as I seem to recall you done similar to me from memory.

****phobic abuse for someone who has a nice girlfriend, or 007 suggestions, all from this weeks expert. Thanks for that input samson. Where's my wallet, that impeccable argument from such an upstanding individual has led to me wanting to invest and loose all my money. Just like you.
BTW, since we began chatting, i've made multiple times what this one cost, in other stocks. Because for someone who's as apparently gifted as you are, that's what you do. One down, others up. Not sit for 13 years like a donkey following your great leader over a cliff.

"Dubious and audacious claims are made on twitter with at best tampered evidence"

Previous "leaks" became true. I would say that's better than dubious or audacious. Perhaps it's that because you've bought in well above the current price? Just a thought...

Yayay, a simple answer. You may ask. But I've answered before.

Roll on the numerous investigations. Drain the swamp. Cannot wait. I just hope the company stays alive long enough to find out. 8k doesn't last long. 14 Days for the next 1.5M down the toilet. Down down down we go.
And apparently no one will know the grades in the mine so the leaker must be lying. The only possible way to find them out, is via drilling or processing ore then sampling apparently. So every mine company in the world must mine almost blind apparently. Must be blasting and processing tons of ore before finding out the results. They couldn't possibly employ a geologist, mine manager, core sampler to test in-between blasting etc etc etc. And of course, according to this logic, it must be kept extremely quiet and no one should know the results. Surely that would be the only way to know for sure the leak isnt correct. No testing and no sharing of results. Or else, is it more likely that it's regularly tested and no hushed up and this is why someone may have an idea of grades? Logic samson, logic lol.
And btw if you knew anything about mining, you can actually guesstimate grades based on the eye, because you look at the vein and you look at the amount your blasting, and if the vein thins, the grades drop accordingly because your taking out less graded material. But hey ho, you crack on soldier.... or farmer or kid-on engineer. Whatever expert we are today.
These low IQ individuals won't sit here sweating for 10 years plus waiting for one turn telling the wife it'll all be ok in the long run because the grades must be top secret. Did someone say real world....

Some good news. According to twitter, both the FCA and other regulators are actively looking into whether the company committed any infringements of legislation preventing market abuse. Specifically in relation to the release of new vein news that may not be correct. I'm not saying they have or haven't done anything wrong. But if the investigations lead to prosecutions, I hope insider trading allegations will form part of it. Time for those who acted with impunity to worry.

Is that the next catchphase... questions will only be answered at the mi...... barlinnie.

BP. maybe something caught up with them

Raising cash from industry instead of shareholders smacks of desperation because the market won't provide it. Lucky to close the last raise.
Being paid in advance for gold they don't have - at a premium no doubt - indicates how dire cashflow is. Last throw of the dice.
Paying off creditors, that may be directors or associates getting their own loaned money out, reaks of the end is near.
All point to a dying business, not a successful one.
At the very least I foresee a restructuring. Post administration and a much diluted consideration.

"The ability of the consolidated entity to continue as a going concern over the long term will remain dependent on the quantity and grade of ore mined and processed being within a reasonable tolerance of the forecast quantity and grade"

As grades have been considerably below forecasts, and quantities, you can't say they didn't mention it....

If the grades are lower than we're being told, the "new vein" isn't true, and old creditors are being repaid with raised funds, surely something has to be done to inform shareholders before the inevitable happens?
I wish someone would create another board like this one because if it enters administration, this board will simple cease as shares will be frozen for years.

They're as in the dark as the directors who bought at 50p plus?

According to twitter, it says, a source within the mine has stated the new grades arn't any better than the ones from the old stope. If so, I'm assuming these grades wouldn't be sufficient to keep the company open due to the global cost of extraction exceeding the benefit? Thus, if true, when does SGZ have to announce this because surely this will have an effect on cashflow? And following on, the liquidity of the company as a going concern?

Bp, that will be why they’re continuing to liaise with administration/liquidation solicitors as per the last leak. I think you’re right in asking about the liquidity. 8k is laughable. The fact they haven’t clarified to what extent the talks with the solicitors are, and tried to hush it up by asking if they could keep it quiet, in my mind is disingenuous and possibly illegal. These talks should be updated in an RNS and not sprung out the blue by the share price being frozen one morning with a retrospective update. Which I can see happening based on recent experience.

In all the leaks, many have previously disputed their authenticity but they have turned out to be true. The last major one being the fateful leak that led to the notorious RNS and tumble in the price. I wouldn’t read so much into formatting at this stage. It’s not as if there’s no form

Dismal alryt. Millions down the tubes and now 1.5M is going to save it apparently. It's funny theres been no RNS over where all the money went. I'd hate to think some creditors with vested interests have been repaid from recently raised funds but surely not?