Member Info for carliol

Hi All,

Strange goings on with the share price today. At 12 noon all was looking well then all of a sudden the buys continued but the share price fell.

Today there were 11,012 shares sold and 19,885 shares bought.

However, don't forget this is the casino called the AIM market.

Carliol

Hi R M,

Will heavy snowfalls effect gold and silver production at Cononish? I wonder what contingency plans are in place in the event of severe snow disruption? At least it won't snow in the mine!!

Carliol

Good Morning R H,

We live an era when it doesn't take much to upset of offend people. It's the age of the snowflake!!

Carliol

Hi All,

The posts made over the weekend have disappeared. Can't understand why they have gone. There was nothing contentious or offensive. Some of the posts were informative and looking forward to the up and coming gold pore.So why have they gone.

Has there been a glitch in the system? Am I missing something?

Carliol

Hi All,

As soon as my last post went on the board the share price went up from 115p - 120p to reach 118p - 120p.

Perhaps I should make more posts such as my previous post.

it reminds me for someone mowing the lawn!!

Carliol

Hi All,

Another substantial buy of 8,000 SGZ shares at 120p has just gone through. Over the last few days some hefty buys have been transacted with buys far exceeding sells but the share price remains static.

This is typical of the casino that is the AIM market.

Carliol

Hi CP52,

Lots of good P R and positive news reporting can do wonders for a share. The recent publicity has done the share price lots of good and with more and more news flow, particularly the up and coming BBC documentary. Today's share price increase could be par for the course over the next few weeks / months.

Since pre history, gold has held an allure that most people find irresistible. It's what kings, queens and pharaohs adorned themselves in as a display of their wealth. It's also what the great unwashed craved for and what caused the great gold rushes of yesteryear. Let's hope some of the glitz rubs off on investors such as ourselves.

Carliol

Hi Bellers,

It's encouraging to see the share price close above 100p. Mostly buys today with a few small sells. i would suspect the small sells are investors banking some profits by top slicing.

What will tomorrow bring? it's anyone's guess on the AIM market but it looks as if SGZ is ticking all the right boxes and we could see some solid gains in the run up to 30th Nov 2020.

it's interesting to note the wording in Friday's RNS. It states that the first gold pore could be by 30th Nov 2020 which means that we could have the first gold pore earlier. I wonder how much earlier it could be?

Carliol

Hi All,

After all these years as an investor in SGZ it's wonderful news that the first gold pore will be on my saint's birthday.

Carliol

Hi G A,

Brilliant news re first gold.

However, perhaps the Covid pandemic will probable go down in history as "the greatest over reaction of all time."

Carliol

Hi CP52,

Thanks for your reply. The Inverchorachan gold values are 3x higher than Cononish. Incredible! The sooner SGZ can get a second mine up and running the better.

I'm looking forward to gold production getting up and running and Cononish and also if there will be a mine visit prior to production starting.

Carliol

Hi CP52,

"""We Know where the gold is ,we will have the money and we have a planning blue print and the next one wont be in the National Park ."""

Interesting comment from N le R. I wonder where the next mine will be? Leadhills or Helmsdale could be a possibility. Both are outside a national park which means much less bureaucracy and less hoops to jump through for SGZ when a planning application is made.

Carliol

Good Evening CP52,

Re your excellent and informative post from Sat at 12.56.

I can't see any of the major shareholders selling all of their sizable holding in SGZ in the foreseeable future with one possible exception. That being, as the share price increases in the lead up to gold production, there could be some profit taking by some investors top slicing to bank some profits and de-risk their remaining investment.

I reckon that as we approach production from Cononish it's a no brainer that the share price will increase. Particularly, given that there will be a plethora of high profile news items that will reflect on the first Scottish commercial gold mine and the knock on publicity this will attract.

As the publicity surrounding Cononish production widens I'm sure this will attract new investors. Given the amount of shares not held by major investors and the relatively small number of shares held by investors with less that a 3% holding, we could see a scramble for shares which results in a steep climb in the share price.

The current market cap of SGZ is £49m. Given the profitability of SGZ with gold at c$2,000.00 an ounce and enthusiastic and patriotic investors we could easily have a market cap of c£100m which would result in a significant increase in the share price.

Looking forward with optimism to the next few weeks and months.

Carliol

Hii All,

It's good to see the price of gold holding above $2000.00 an ounce. Perhaps we'll see the share price respond positively tomorrow to this increase in the price of gold.

https://www.bullionvault.com/gold-price/gold-price-uk

https://www.bullionvault.com/gold-price/gold-price-uk

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