Member Info for Andrew1987

I'm discombobulated that tb seemed to disappear just as regulators were getting their teeth in. Or just after a certain twitter aficionado made claims that he was up to no good and had a hand in mine building works. Who knows. Odd. The mystery continues. Is the review, a criminal one or a civil one? Theres a question...

TB/Henry hoover must be busy snapping them up as he’s MIA. Which I feel, tells its own story. I hope he’s in ok health but he should be on here answering the questions of all the punters he encouraged to invest.

It’s been well put by others previously, but the chairman’s whole attitude stinks. The famous phase over that’s all they’re comfortable with, turned out to be an absolute stinker. I also never liked how he turned up to the meetings in a t shirt and hoodie. Did the companies look no favours. Very nonchalant.

I think the people doing the hiring are not the same people who will lead/fold/restructure the company, so I wouldn’t read too much into anything continuing as business as normal. It will come from the top down if it happens.

You’re right in a lot of what you say bp.

I don’t think the company needs the burden of more loans or more dilutions when we can’t make profit at the moment, even when we have payment breaks on existing lending.

A lot of buys recently. People believing it can’t go any lower I think. How many times have we thought that. Brace yourself. Review under way! And it’s not because they’re doing amazing.

Rockhead,

On balance I think if most people wanted to help jobs or the environment they would rather volunteer or buy a solar panel, as opposed to invest in sgz to loose large sums lol.

As for the "wealth generation" I don't think that's as yet happened with this company.

I also think pro environment, wealth creation, jobs can all be gleamed from other countries without loosing cash. I'm all for home jobs etc, but that wasn't my point anyway. It was merely, it's difficult with the economic hurdles to operate in certain industries in a small scale in this country, as you agree. We're great at other things. But it's knowing what we're good at, and what were not that makes a good investment i suppose. Will this be a fundamental flat with sgz? So far it looks like costs have run away with the dream.

I congratulate you on your trades (I remember samson lambasting traders funny enough) and the ring for mrs rockhead. I'm sure she was chuffed. If it all ends in tatters with many loosing money though, I don't think the ring will console the investors. Overall a sad story so far.

I sometimes wonder what NLR makes of the whole affair. I'd have heads on a spike. As a warning to the next CEO. Perform or else...

Some of the consulting reports actually made sense but they were ignored.

The one that always stuck with me was the one I referenced to rock head below. The barra consulting report that clearly states that lhs with this type of mine would result in a large dilution of grades and that it would have to be meticulously watched and reviewed as mining progressed to avoid too great a dilution. As we all know, dilution of the grades increases costs and pulls out less gold per tonne making it more expensive to mine. Which for a start up isn’t ideal.

This lot had bags of untested material stacked because it snowed as far as I gather.

To not openly sell it at a retail mark up and sell the product to wholesalers was also another mistake. Such a miniscule percentage went to jewellery. Some should of been tourist market, home market and other but cash flow never seemed to allow even a small amount to coke to market. This would have boosted interest when we needed it.

A lot of mistakes. Much to be lamented. I hope I’m not an old man telling my grand kids about the money I lost on Scotlands only gold mine because of some bad management. I’d of rather whipped out a few gold bricks and told them a glorious tale of Scottish success. Alas it wasn’t to be.

Bp I always say, an accountant is an accountant, a lawyer is a lawyer, but there’s a reason they’re not an entrepreneur. Each person has their own specialities but the job of pulling it all together and guiding the ship is that of the board, who are supposed to have overriding control, taking account of all specialist advice. Or which there has been much.

Rockhead,

when you say:

"With the data SG have, I have posted for years that IMO this is a very prospective and I am still of the same opinion. SG just need to get it mined in a proper fashion and produce the tonnage"

Does your analysis include the cost of operating in this country as opposed to operating in other countries. Taking account of wages, fuel, taxation, transport, safety costs etc? That are all higher here than in russia or africa etc.

Personally I think the mine has fundamental economic flaws that the wholesale cost of extraction will never equate to being lower than the profit from the material mined due to the narrowness of the vain, LHS method of mining such a narrow vain ( as per the old bara report) and the general cost to operate here.

I'm not disputing your claim, just interested if it takes this into account of if it's based on models experienced elseware.

The only hope left, is to look strait in the mirror, do three spins, then chant TB TB TB three times, he will appear, and tell us all everything will be ok tomorrow.

Tb is busy hoovering.

Was always going to end up a mess. Sad for the people who have lost so much.

For those that helped coerce them into it… I wouldn’t want to be that man

I used to joke I was investing at 8p. I just want to state for the record, that wasn’t legally binding!

4p maybe, just for a ticket to the show

TB REVEAL yourself. …. Couldn’t help myself.

Not even enough money to square away bond payments on this mine to make good any damage with the environment agency.

It’s peculiar how much faith is put in these directors. I doubt it’s some master plan they have and I also think this board gives them too much credit. Almost as if it’s impossible they would do something stupid or end up in this position. But they have. Those very directors have led us to this. So if they are really smart and won’t loose a lot of money… why are we here.

They should just make better decisions and long term plans with effective management and accounting instead of become subsidy junkies

Not being funny when I say this. But I think Tyndrum Boy owes a lot of people on here an explanation of whats going on. If he can promote the company for 13 years, incentivise people to invest with tours etc, then he should be on here explaining the situation to those he wanted onboard when things aren't going well. Parcel of rouges indeed.

Slacker, I don't think the "review" is in a geological sense. I get the impression it's in a business sense. I.e. What needs cut/changed to try and succeed. Minimum operating costs possible type review. If it's not viable post review...

I get the feeling, too many will have to be paid out for it to succeed. As I said many months ago. A restructuring that costs a lot of people a lot of money was always where it was heading. Not the mountain of riches TB promised you all. Sorry for that.

“ the company is withdrawing its 2023 production guidance”

sounds like one big **** covering exercise to me. in advance of the collapse/restructure? will the next rns say, on the basis of the advice of the third party, we are left with no alternative to do….

good luck folks.

no wonder tb is mia

BP, you forgot to add.. also the profit from investing in stock that would have paid dividends and increased in value. An enjoyable payoff, not the pain of this.

BP you are better than this. It’s tyndrum, not Hollywood. Get the hard hats on and the pick axes out and get the gold. Not the glitter.

:)

Hate to put a dampener on things, but I’m not comfortable supporting the premise that people should buy stock in a struggling company because two celebrities have a fight or mention it once. Seems a bit immoral. I would also hazard a guess that both those gentlemen are quite savvy about promoting or being seen to promote stock. Especially for the sake of a medal they definitely don’t need based on their net worth.

Can we get back to the job in the hand, and ask the board how much cash they have left before we ask them to ask musk to definitively promote us. Focus people focus 😞