Member Info for BlakeneyP

They should also comment on what has happened to the £3 million raised in the recent placing.

If it's safely in the bank or squirreled away to fund the drilling campaign that was supposed to begin in May, LOL, that's fine.

To need more money so soon after a sizeable raise is very disconcerting.

There's some truth to that, Andrew1987.

Someone was evidently bailing out big time today. I wonder what they know.

I've got jars and jars and jars ready for copious quantities of jam.....tomorrow.

If it makes sense to wait that's fine but if we've already spent the money that was earmarked for it - as some of the recent downbeat posts seemed to suggest - that's far from fine.

Imagine the joy another three or four Cononishes would bring.

Hope they've kept the box of matches dry to start tomorrow's blasting.

The drill campaign was planned to start in May at the same time as the original lhs stoping.

In all the excitement I'm not sure if May is still the target for the drill campaign. Is there money left from the share dilution in February for that?

Does anyone know?

Actual webcam footage:

https://www.youtube.com/watch?v=gjo-lHXlp7k

PD talked about the share price potentially going through the roof once serious exploration of new mines starts. If the plan is still on schedule - lol - to get that under way, and assuming we are still here by then, we might finally start to see a change in our fortunes.

Unfortunately given where we are now, it looks like even if he's right and it does happen to plan - lol again - given what we're already down, we're talking about going through the roof of child's indoor play tent rather than the Shard.

However, one stope at a time.

If the testing as as good as we are going to get, we need to get cash behind us to indemnify against mining poorly graded material again imho. We need time to do this, which we don't have. I was hoping they would have mined the area of most confidence to get cash in. It worries me that if they did, and the grade fell to zero... what else will. I do believe there is gold up there, it's just if we can get it out, in time, at a good cost.

That's precisely why heads must roll and maybe an EGM held.

Completely unacceptable state of affairs after 12 or 13 years.

People are free to speculate on whatever they wish but speculation about administration isn't that helpful in my view.

The recent suggestions from others of an egm and heads must roll sound good to me.

Not long now until we blast off on lhs and the next leg of our unbelievable journey.

If the company is pursuing equity quotas rather than getting the most qualified personnel it's no wonder estimates seem to be wildly out and people were drilling in the wrong direction.

What fresh hell awaits at 7 am?

They hit us with a double whammy of bad news at the end of last year so ordinarily you'd think that would be it.

But the Scotgold way is likely to have kept its pièce de résistance for the six months until now.

And this from the board's sage, TB, in February:

"Happy days are coming , the ongoing drilling within the mine is telling us that."

PD came in and made quite a thing of doing everything that we say we're going to.

The reality looks like we achieve nothing that we say we're going to.

But at least we've a commitment to equity in the workplace.

This is from last May's announcement about the Fern Wealth loan:

"Subject to the receipt of the full amount of £3m under the New Loans the Company intends to use the proceeds received to fast-track the Company's Optimisation Initiatives to achieve a gold production run rate of c.23,500oz p.a. by the end of Q1 2023."

Fantastic result and a brilliant performance - well done Scotland!

What in the name of all that's holy was this thing called 'risk' mentioned in several recent posts if there's a billion dollars' worth of gold in the area that the company secured more than a decade ago?

You'd think it was physically impossible to stuff up such an opportunity.

It smacks of gross incompetence at best and there are some veering towards the idea of criminality.

Weird how the absolute state the company was in before the new guy took over was actually the good old days.

How's working remotely from Switzerland working out in terms of keeping his finger on the pulse of a mine in Scotland e.g. which way to drill?

The other thing that no one has commented on is the figure mentioned in PD’s presentation given in Edinburgh; not £200 million, not £300 million but $1 billion.

That figure is referred to twice in quick succession just before 24 minutes, the second time in the context of who’d had thought you’d have a billion dollars’ worth of gold in your back yard.

Take that billion dollars and divide by the company’s 67,101,751 shares and you get $14.90.

$14.90 today equates to around £12.25.

If it wasn't so tragic it would be funny.

After such a long time I don't see how the company could even consider throwing in the towel when the prize could be so great. Having said that, if those billion dollar estimates were made with the same expertise that got us drilling a useless pile of rock for a month then maybe the estimate is wildly inaccurate.

https://www.sharesmagazine.co.uk/video/scotgold-resources-sgz-phil-day-ceo just after 24 minutes for two references to the billon dollars' worth of gold.

But BBB, are you seriously suggesting that the company should have focused on employing competent, qualified people rather than having filling equity quotas as its top HR priority?

Dinosaur!

Here's January's AGM again.

Listen to our Chairman from 45 minutes about having shared as much data as we're comfortable sharing.

https://www.youtube.com/embed/GJMAKuJkjbc

It's almost as if there was data they were aware of but not comfortable sharing in the RNS. Is that legal?

But if the emails are the result of a corporate email system being hacked, there must be a possibility that the whole thing is a complete fabrication.

Is there more to see than the two partial pages that were posted on twitter and had the link to them here?

Andrew and Samson - you're taking the email to be genuine, is that right?

There's been confirmation that specious emails were sent but evidence that they contained factual information is lacking - or is there evidence that the emails were sent by those who delboyo on twitter or js here say they were?