Member Info for Bigbadbaz

'The Masons, have put their hard earned into it, who on here knows more than them '' NLR and he knows more than most. The Masons are very secretive.

''

the ability for Scotgold to continue as a going concern is entirely dependent on the quantity and grade of ore that is produced ''. Hmm, the same as every other mine in the world then.

229 ozs in 43 tonnes of concentrate for 300,000 pounds = 165 gms/tonne concentrate and £1320 per oz.

''Strip out the crap and what is the actual grade from the stuff that is actually being mined? '' But where do you draw the line?. If you strip out all the crap then you are mining pure gold. The reality of the situation is that the gold going through the mill is the grade,dilution included.

'but them lot,are average grade/or slightly above.....0.8/1.5% gold '' Can I take it you mean 0.8/1.5 gms per tonne?

''. No offence meant.'', none taken. I have been critical for years about how things have been done but I have always wanted the project to succeed. The people up there are working their a**es off. The grades have to be there,that has to be a given.Maybe, just maybe they might catch a break this time. But how often has that been said.

''I think the high grades do exist. But not in enough of a quantity to generate higher average grades. You will always have pockets of high grade and pockets of scrap. It's the overall grade that counts because it's the overall cost to mine that needs covered. Not just the cost of picking out pockets.'' ---------I am aware of how mining works Andrew. You seem to think the whole thing was/is a scam.What would be the point ?. My take on it is they are in over their heads without enough cash up front to see it through.Had they started with £50 million in the bag, the whole thing might be a roaring success.

''Where is the 11+ grade stuff??''.As I recall, last year when they were developing they were boasting about bringing out ore at 17 gms./tonne. I mentioned at the time that they were ripping out the low hanging fruit to keep going. So the high grades must exist.

''Ball park I think they need to produce about 10,000 OZ/year to break even at current POG '' We are away past the break even point here for to please anybody. If they do not up their game quickly it's finito.

AND--The weather here is very wet. in Linlithgow as well.

''"the Board in their wisdom decided to hand out shares at "mates rates" of £1.30 or thereabouts."
The actual raise was set at £1.10 and the share price kept rising from when the price was set . looked a lot worse than it was'' For a new entrant you have done your homework already. rofl .

''Some on here seem to think I’m someone called Jason saint '' Well I thought it was because of you name Andrew as in Saint Andrew.

''Some years ago in the days of the Venetian curse,'' ahahahaha, RH yer a wag.

Instead of all this bickering, just sit back and wait.By the end of June the picture will be clear enough.

Some were wondering why the buy backs are lower this quarter. It looks like they knew the crude was going to drop and there fore the profits.

Put in BP. ie capitals and a full stop.

Happy, you dived in too quick and now you're Unhappy.That's the market for ye. Give it a day or two and you will be Happy once more.

'' Buy low sell high is the bottom line .'' It is the only line + buy shares that pay a divi while you are waiting.It took me a while to learn that.

''Baz , there is a reason you don't make money from shares , lol your words mate.'' TB,you have a good memory when it suits you. The bottom line is this,are you in the black with SG ?. This project is your religion and like all religions and faiths,deep down you know it aint true, (Mark Twain)

Pub was fine (boolin club)