Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
Hi All,
Interesting to see Buffet's investment vehicle Berkshire taking a position in gold. The Sage of Omaha has previously been against investing in gold but for some reason or other he has decided to ignore his previous poor attitude to gold. He's been a successful investor over many years and i reckon it's worth taking some notice of what he invests in.
There's an old stock market adage " Follow the Big Money"
As I see it, investors in SGZ have been very fortunate and foresighted in their business acumen bu buying into the Cononish project.
Perhaps Buffet is FOLLOWING OURSELVES by investing into gold!!
Also the Daily mail news item on the future of gold and silver is interesting.The amount of silver and it's worth to SGZ is often overlooked but it plays an important part of the future profitability of SGZ.
Let's hope next week the share price recovers and starts heading back towards 100p.
Carliol
Hi All,
i'm back posting again after a short holiday with no internet available to myself and my wife.. This was through choice and not necessity and a welcome break from being surrounded by people constantly texting and chatting.
Disappointing to see the share price fall back to 90p but given the steep climb to 100p and the sharp fall in the price of gold, I suppose it was only to be expected. However, as each week goes by we are getting nearer and nearer to Cononish becoming the first commercial gold mine in the UK.
I continue to be sure we will see the mine up and running and producing gold be the end of the year.
Carliol
Hello Bellers,
I couldn't agree with you more. It never ceases to amaze me that the LSE and other trading systems can't differentiate between a buy and a sell. We can send men to the moon. Identify a person from their DNA. Micro electronics can put us in contact with people on the other side of the planet in lees than a second. But but but blah blah blah.
Carliol
Good Morning CP52,
Thanks for the info on the silver reserve content.
The price of gold and silver continue to rise with gold currently at $2052.00 an ounce and silver at $27.77.
It looks as if we could be in for another good increase in the share price today. Perhaps we will see the s p close at over 100p?
Carliol
Hi All,
The price of gold appears to be consolidating above $2000.00 an ounce.
https://www.bullionvault.com/gold-price/gold-price-uk
It's worth noting that the price of silver is also showing a substantial increase. Given the amount of silver expected from Cononish the revenue it generates will be a welcome addition to the SGZ coffers.
https://www.bullionvault.com/silver-price-chart.do
Carliol
Good Evening CP52,
Thanks for the info. The links you provide make interesting reading. I suppose I'm getting impatient for first gold so I'll just have to wait and see how the news flow pans out. It's been a long haul but I'm sure we'll see first gold this year.
Carliol
Hi All,
The last RNS providing investors with news of the commencement of activities at Cononish was on !2 June 2020.
We need an RNS giving info of the current situation at the mine and hopefully some indication of when we can expect first gold. I'm also looking forward to the documentary on BBC. Perhaps both these factors will help consolidate the share price over 100p.
Carliol
Good Morning Everyone,
interesting news item on how the increase in the price of gold is influencing a new round of corporate activity in the gold mining sector.. Money is starting to flow towards junior gold mining companies.
With SGZ on the cusp of being a highly profitable company it's going to be interesting to see how this effects our share price
https://www.proactiveinvestors.co.uk/companies/news/925373/money-begins-to-flow-towards-the-gold-mining-juniors-in-a-big-way-as-a-new-round-of-corporate-activity-looms-925373.html
Carliol
Good Morning CP52,
It looks like the area around Cononish could be stuffed with gold. The whole area appears to have tremendous potential and I'm absolutely delighted to have been an early investor in Scotland's first commercial gold mine.
I'm looking forward to the results of the drill on B U and also an indication from SGZ of when production will commence.
A further broker's note could give the share price an increase towards 200p. This would give SGZ a market cap of c£100 million, which would be a fair valuation if the price of gold continues to rise. Given the current rates of interest, the global pandemic and the uncertainty of today's world, gold is seen as a safe haven in troubled times I would think that a share price of towards 200p is entirely possible.
Carliol
Hi All,
Price of gold now at $1970.00 an ounce. Will it hit $2000.00 an ounce tomorrow?
https://www.bullionvault.com/gold-price/gold-price-uk
Carliol
Hi All,
We finally made 100p!! This must be some sort of landmark. The price of gold and silver continues to increase.
Gold $1940.00 an ounce and silver at $24.26 an ounce.
https://www.bullionvault.com/gold-price/gold-price-uk
Carliol
Good Morning CP52,
Price of gold consistently gathering momentum. Now at $1913.00 an oz. Several buys gone through. Looking good for 100p.
https://www.bullionvault.com/gold-price/gold-price-uk
Carliol
Morning CP52,
SGZ is ticking all the right boxes. Where the share price will end up remains to be seen but I'm sure that given all the factors in our favour we could see the share price increase by several multiples of today's valuation.
Carliol
Hi All,
With the price of gold closing on Friday at $1,900.00 an ounce it looks as if the SGZ share price could be heading to 100p.
Also, as each week rolls by we are getting nearer and nearer to Cononish becoming the first commercial gold mine in Scotland.
Looking forward with optimism to the next few weeks and months.
https://www.bullionvault.com/gold-price/gold-price-uk
Carliol
Good Morning Everyone,
All trades today are buys. Perhaps we'll see 100p today?
Price of gold currently $1,893.12 an oz.
https://www.bullionvault.com/gold-price/gold-price-uk
Carliol
I wonder when the price of gold will hit $2,000.00 an oz/
Current price $1,882.00 an oz.
https://www.bullionvault.com/gold-price/gold-price-uk
Carliol
Hello Greenside,
Looking forward to meeting you at the earliest opportunity and also the loyal long term investors in SGZ who have been regular posters on this board.
100p may be a shoe in to yourself but to me when the share price hits 100p it will represent a return of over 100%. Not a bad investment in these difficult and uncertain times.
Carliol
Hello CP 52 & Greenside,
Looking forward to meeting up with fellow SGZ investors at the next opportunity. Perhaps a meet at the Tyndrum pub when the share price hits 100p would be the ideal time to celebrate. The way the share price is increasing the meeting could be very close.
It's been a long and torturous journey but it's good to see a bright light at the end of the tunnel.
Carliol
Good Morning Everyone,
The price of gold hits $1,858.00 an oz. Let's hope this rise is reflected in the share price when SGZ opens at 8.00am. Also the increase in the price of silver is encouraging.
https://www.bullionvault.com/gold-price-chart.do
Carliol
Hi All,
Gold - silver ratio narrows. Given the amount of silver at Cononish this should provide even more impetus to the SGZ share price.
https://www.proactiveinvestors.co.uk/companies/news/924710/the-gold-silver-ratio-narrows-providing-boosts-to-companies-like-fresnillo-and-alien-metals-924710.html
Carliol