Member Info for BlakeneyP

Well spotted BBB - full marks! I didn't know Shylock had used it before but there's the Merchant of Venice, Hamlet and Macbeth all referenced on this board in just a few minutes! LOL

Surely mentioning the Scottish play can't bring any more bad luck to this wretched outfit.

Not even the board's resident Glaswegian Gloater could paint today as good news but:

The directors and senior management have a vested interested in ensuring they turn this around. 'Something is rotten in the state of' this company but those who caused it won't want to do a stint in Barlinnie, which is the kind of punishment some people appear to think might be justified.

Even if there's nothing criminal, they'll find it very difficult to ever work again if this is the end. Anywhere they go, potential employers will be told of what was or what was not done here.

Also, referencing the Scottish play with this one, the directors themselves are so far in, it's as easy to continue as to turn back now.

PD gives the impression of having an encyclopaedic knowledge of mining. LHS has, we're told, been brought forward to next Tuesday and if it's as transformative as he implied in Edinburgh, we should be on to a winner Rodney, and sooner than May.

Clutching at straws? Maybe.

This looks like a silver lining

"In order to safeguard against this potential shortfall in working capital over the next few months the Directors have determined to take steps to strengthen the Company's cash position. The Company is in advanced discussions with its gold offtake partner to secure a US$500,000 advance to assist with short-term working capital. The Directors of the Company have also discussed, if the need arises, providing a short-term convertible loan as a measure to ensure the Company continues with the long hole stoping deliverables as updated in this release."

The next couple of weeks might be stomach churning - whats' new? Thursday isn't likely to make good reading and then in early April shouldn't we be getting our quarterly update? Maybe today's bombshell will make that update redundant. If they do release a quarterly update, given its proximity to today, maybe they could save time and money and copy Captain Darling's single-word entry in his diary on the day he learned he was to go over the top.

Bug*er.

Here's the investor presentation from last month.

https://www.sharesmagazine.co.uk/video/scotgold-resources-sgz-phil-day-ceo

LOL

We're big in Bangladesh!

https://www.dhakatribune.com/financial-markets/2023/03/27/scotgold-plunges-63-running-out-of-money-while-mining-gold

Hasn't PD made a big thing about the increased predictability of grades in many of his presentations?

Who's doing the predicting? Mystic Meg? Somebody there to make up equity numbers?

Cat got your tongue this morning, TB?

Not knowing the ore grades in front of them is a schoolboy error.

But equity means equity! Schoolboys have every right to be have equal representation in the decision making processes.

Getting competent people based on their skills, qualifications and experience belongs in the rubbish pile of history.

Look at the headline in The Scotsman.

Remiss not to mention HR's pursuit of equity in the company's staffing anywhere in the article.

https://www.scotsman.com/business/scotgold-resources-warns-of-immediate-threat-to-mining-firm-after-production-blow-emails-hacked-4080227

From 26th January - I should listen to myself more often.

At just after 45 minutes the chairman refers to having released as much information as we're comfortable releasing at this point. Is there another possible inference other than there is worse news that they are not comfortable sharing?

Hetherington saying something about that's all we're comfortable releasing at the moment sounded suspicious at the time and I commented on it then.

Definitely sounds like they knew.

Is this the equity dividend?

And there will likely be a repeat performance when the figures are released on Thursday.

Great show guys.

delboyo has one follower! Although the link works, when you press on delboyo's details twitter says that boyodel hasn't tweeted yet, so I smell a rat. A pretty shi*ty thing to start rumours about though.

Some thought has gone into it but is the language and structure of the emails really what professional lawyers use? I doubt it.

If the poster is making it all up, I'd have thought his actions must be near the threshold for criminality.

Aren't a few of the regular posters here local? Give us a sign!

A rosy outlook?

https://www.york.ac.uk/news-and-events/news/2023/research/plant-based-alternative-metals-from-mining-waste/

In an interview last year, PD referred to the price potentially "going through the roof" if we got going with multiple new mines.

I guess it depends if he's thinking of the Empire State Building or a Lewis blackhouse.

I think 24 messages out of 27 were as a result of my misunderstanding. It looked as if TB was inviting interested miners to contact him but thankfully that wasn't the case.

My bad, so sorry chaps for my part (50%) in the pointless drivel you've waded through.

Onwards and upwards.

Anyone who has looked at this stock has learned that a massively-compelling story can lead to a quite appalling share price, year after year after year.

Look at reality, TB, and learn. We still need the sell price to rise another 40% or so to get back to where we were when PD took over. No point in arguing - it's a fact.

Things do indeed change but not your sounding the trumpet voluntary at each and every previous false dawn: as constant as the north star.

Two more things lol - for the record I've never asked for any posts here to be removed. Everything is well within the parameters of what goes on on social media but I do understand the frustration of scrolling through pointless 'conversations'. This thread, for example, I have no sure will be wiped later on but not because of me.

And secondly, at the time of writing we're up more than 8%.

Good stuff.

If I'd wanted to get in to trading regularly I might have looked at getting a family stall at The Barras.

I might change my mind about buying more - this board throws up useful information on occasion. x. And maybe I did buy a lot in the 20s.

Asked A, you give examples of B. Maybe a life in politics awaits you.

Since you apparently have nothing better to do, give us all a laugh and provide us with an update to this timeless classic. (Mind and tell us whether we need to multiply by 100.)

4p on full production 
6-7p on first dividend 
8-9p on news of full production of Marketco and a 100%+ mark up is revealed 
12p + on realisation of 2nd mine 
15p + on extended LOM at Cononish 
20p + on Scotgolds expansion into Europe ( time dependent )
Anything possible if the source is found at depth
Anything possible if Sron Garbh has been preserved at depth

I dare say and maybe one day.

Can't help but thinking, though, folks will come away from their visit even more perplexed at the low share price.

When was the last one? If those who visited bought in after being impressed by what they saw and heard, what percentage loss are they sitting on today?

The underlying story isn't in doubt - never was: it's the ability of the company to provide a return on investment that remains elusive.

Thank heavens for small mercies as it came across as you being some sort of HR personnel broker. I can't even....

Good spot in the rugby article - a fabulous and pulsating match. I wondered about the Scotgold equivalent though: a massively compelling story, richly-deserved success, tangible progress but sorry pals, we've no money left for the coach ride back up the A1 to Edinburgh - you're hitchhiking.

Come on, Scotgold!

From the way that's worded it sounds like you are now on the staff.

Are you?