Member Info for Andrew1987

Samson, I can't advise you of a cure for your Schizophrenic amnesia.... but... I can remind you....
12p, 25 million in debt, needing 500k to avoid administration, mining grades below mine plan, 13 years of misery, criminal acts by the board according to you, the great gold pour, engaging with solicitors over administration.... the list goes on. Perhaps you wouldn't want to remember?
Or should we keep it quiet to boost the price so you can untrap yourself? I might be an international mining investor in your words. But at least it's honest work. Not looking to drip lies to inflate prices in the hope of recouping an upcoming huge loss. Ouch.
I'd hazzard a guess you don't like me hanging around because you want to pump the price to sell out. It's not me who needs the luck. I'd just like to thank you on behalf of fellow investors though for the motivation to continue as is. Much appreciated. I can only hope, with a few hundred more posts on here, I might feel better.

I've not read that anyware troajan. Perhaps you could link us to a source if you don't mind as I would be interested in finding out about that aspect. It would be good to hear how much has been made from it, in what quantities.

Indeed blakeney. I half joke but there’s so many concerns now that arnt being addressed, it can only leave you with the opinion, they arnt being addressed for a reason.
As an example, it was asked before what happens to the silver in the mine. As far as I’m led to believe, the silver goes to cover the cost of producing gold from the ore. The only thing that troubles me is that in the locality of our mine, there’s a hell of a lot of silver, much more than there is gold. It seems to have disappeared. No mention of it. I could be wrong here so I will caveat it in advance that it’s just my understanding. But where is all the money from silver, from the 3M raised last year, the 3M raised last month etc. no accountability or control of costs coupled with almost silence over key issues is extremely concerning.
Until we get transparency, I think it will only lead to more speculation.

Please no negativity, as Samson says, we must talk up the price because we’re trapped. Please wait for a few pictures of rubble and a big announcement that lhs has saved us all, before talking of any joyful moments. Following this will be 12 years of ups and only good news but I will use my first dividend in year 13 (or 26 depending on how you look at it) to buy a drink for a toast to the first pound in profit. Once lhs has cleared our 25M debt with no more pauses or problems of course. It’s coming, just wait and see. We will be on connonish x4 by then. Cheers

TB you’ll need to get me details first. Don’t come on saying I didn’t show etc if I don’t know anything about it. If this weekend is too soon, I’ll be happy to arrange for a few weeks down the road once I’m back from Europe trips. Alternatively I can give you a bell if you wish to talk over the phone sometime.
I’m heading out to dinner now so don’t take any silence for anything other than I’m busy but I’d like to leave this note here. See if WE as investors can get closer to the point of transparency over what’s happening at the mine and hold the BOD to account then you would actually find that the share price would be a lot more robust and the huge falls we’ve seen wouldn’t happen because the investors would understand the entire picture. It seems to me as if a lot of the investors on here think that painting a rosy picture all the time is best for the price. When actually it’s not. If we can’t be credible in our assertions and deliberations, then what’s the point of this chat at all. If the news is bad, let it be bad and let’s deal with it rationally rather than try to discredit anything or anyone who says the slightest deviation from it’s all a roaring success.

Still waiting to hear of your huge investments and impartial knowledge samson. Might be waiting longer than its taken SGZ to get into 25M of debt though i'd imagine.
Or in your words.... wait...is that a sore subject.

TB, it's a bit rich for you to talk of PR. Do you want me to pull up your previous claims over the years to talk of PR?
If Samson and delilah (genoir),you, a director turns up, i'll be there lunch tomorrow or sunday?
I'm not wasting my time turning up for the repeated nonsense from samson, you and genoir over i'm some 007 and to listen to you ring off, the hills full of gold, coming tomorrow, LHS lines. That would be a complete waste.
So you organise it and let me know and i'll be there. Next weekend i'm in paris and then tallin the one after.

Ginoir/Delilah, Have a good weekend.

I'll leave this here. Just some quotes from the mighty samson. Perhaps he's had a haircut at the barbers and lost all his strength recently....

22/08/18 - First, is that we who have already invested need to keep investing to lower our average. We're trapped so to speak and hoping that there is some light at the end of the tunnel.
29/01/21 - I was so disappointed this morning but re-reading the RNS I'm even more annoyed. The November gold pour was a criminal act of misleading the market. No wonder they down played it.
06/04/21 - What strikes me is that I can understand the motive for talking the share up, most of us discussing this share are holders and we're looking for good news. Let's be brutally honest, no one is completely neutral because we're here to make money one way or another.

So, not neutral, believes the board engaged in criminal acts, must keep investing to lower his average because he's trapped. Starting to make a lot of sense now while you say i'm always wrong, and all my posts are lies. Vested interest perhaps?

Goodnight and goodbye. I'll leave you in the trusted hands of samson, the great orator.

No no Samson. It’s called transparency. Don’t tell me you are willing to demand exact prices and buys from others but you aren’t willing to disclose them yourself? Surely you have nothing to hide? I mean, you, of all people. The man who knows it all and says everything I say is wrong or a lie… surely you of all people couldn’t be doing this with a vested interest? We must know. Please enlighten us. Fair is fair

Samson,

It’s not my job to explain to you how shares work, at what price I bought, when, and how many. If you don’t want to believe me, then don’t. You sound more hurt with my investments than you’re own.
Why don’t you tell us all about your great investments and how much you are down or up? Perhaps YOU have an agenda? Surely not. Wait, are you the agent in disguise who has to promote the price to recoup his money? I can’t believe it.

Sweet Jesus. Now I’ve either been hacked or I’m some agent because I dare to counter balance the “the hills full of gold, it’s coming, lhs will save us, the leak isn’t true, it’s all 007” arguments. Grow up guys.
I invested 40k into Scotgold, lost 4K Samson at the most recent drop. Not that I have to share my private business with you. As for my other investments, all I will say is I’m not starving.
Genoir, I joined this board to have some chat on a subject that interested me close to my home. One that had more invested with the heart than the head perhaps and I enjoyed the chat.
I picked up the baton in the last week because I don’t believe it’s right the board concealed material facts from the shareholders and wanted answers. I also didn’t want fellow investors being duped.

But as you and Samson seem to have all the answers. You won’t need me to join up the dots. Maybe Scotgold will lend you a bag of sand to stick your head in.
I’m off to enjoy my lunch before I can no longer afford the meagre crumbs due to my great agent provocateur strategy being exposed.
P.s I spend my time on property, not acting like 007 to promote a 25p drop in a share I invested in. A Couple of geniuses I deduce.

Rockhead, ask your board that question and see if they answer. That will tell you more than I can

Samson, Look at my old posts supporting the company before you accuse me of some person with a vendetta. Good luck to you as you clearly need the price to rise and have a vested interest that I don't.
"When the debate is lost, slander becomes the tool of the loser"

Samson, "Apparent new mining investor" is your first mistake. I've invested in mines across the world.
You're right, I did want to support a scottish company. A mining company close to home, ideal. But i've stopped supporting what I believe to be a BOD who are clouding the realities. Should that not lead to believe I'm actually telling you what I believe to be true, that I once supported it and now I don't. What would I have to gain by telling you lies?
I've sold most of my shares here, only have a token gesture. If I was aiming to make money, would I not be buying in at such a low price? I certainly wouldn't be trying to lower it any further as it's low enough compared to where it's been. If I was simply trying to manipulate the price as some have alluded too, why? I've no real skin in the game. If i wanted to have, i'd be buying at these prices but i'm not.
Regular updates before were a mess, agreed. But to not tell us they are engaging with bankruptcy solicitors or mining grades below plan, isn't correct. Thats business critical information that should have been told to us at the earliest opportunity. Not more than a month later after a leak forced their hand.
If you think LHS is the holy grail and now only after 13 years is it suddenly possible and going to save all the mis management, I wish you well. Perhaps you should think about what i'm saying rather than get so defensive as believe it or not, i'm telling you the truth as I see it.

The wolves are at the mine gates, but they ain't in sheeps clothing. They're big, bold, growling, mouths dripping waiting to eat over the carcass. They won't let this good shepherd herd the flock to safety because they're will be no food to feed them.
Ask yourself this, is the silence some glorious tactic of the board, who only speak when times are "good"... or is it that they are afraid to tell us what's really going on. A successful mine company will often speak of their successes... silence before the storm my good friends.

A good friend speaks the truth no matter how difficult, be weary of those who only tell you pleasant things :)

Stope mining isn't the great cure. It's simply to bring out more ore. If the grades arn't right, or they have to stop to develop the mine, the delays will hit. Balance the books.

Duncan, I actually thought I was being overly kind considering 13 years of hard work has left us with 14M of debt, no cash, and looking at becoming bankrupt. I'll balance it by saying, just wait and see, it's coming, i'll visit the mine, the hills full of gold etc.
Jesting aside, Gold won't continue to rise though. Gold is high due to market uncertainties, high inflation and war. Those three things, will subside in due course and Gold will return to a more appropriate level. Most analysts predict as much.
We can't run this company on the hope the gold price will save us because if gold goes up, so do most costs like wages, fuel etc.
I do agree, we are at the BOD mercy. Unfortunately.

Looking at the most recent debt levels of Circa 14M GBP, Costs at 2.8M and revenue of 3.4M for half year results, how long do you believe it will take for the company to return a profit to shareholders? Based on simple maths from above making 1.2M per annum, if debts were frozen, we would be in the black in another 11.6 years.
Of course, Lhs might help reduce costs and increase profits if it all goes to plan. But in 13 years, it hasn't so far. I don't know if i've got another 12 years of this in me. Results speak louder than PR and we need more than the above to succeed. If it can stay afloat.

Genoir hahaha, another good story. Reassurance from an RNS that says, we're in 25 M debt but it's ok, we can barely keep afloat. And you don't know why it crashed? Good one.