Member Info for carliol

Good Morning All,

The second fix showed an increase of $24.00 an oz. Up 1.27% at $1771.60 an oz.

https://www.bbc.co.uk/news/topics/cwjzj55q2p3t/gold

Carliol

Yesterday's PM fix was up .40% at $1768.90 an ounce. $2000.00 by Christmas?

https://www.bbc.co.uk/news/topics/cwjzj55q2p3t/gold

Carliol

Hi All,

Price of gold continues to rise. PM fix up 1.56% at $1761.85 an ounce or £1409.48 an ounce at an exchange rate of £1.25.

https://www.bbc.co.uk/news/topics/cwjzj55q2p3t/gold

Carliol

Hi All,

Mon 2 Nov 2020. That gives just over four months to get the mine up and running and hopefully we should have first gold then.

It's been a long wait but we are finally on the last lap. The race hasn't been a sprint but a long and arduous marathon which makes the final result worth waiting for.

Carliol

Hi All,

Following last weeks impressive increase in the share price. I wonder if we will see an all time high in excess of 82p?

Also, will we get an RNS to update shareholders of progress made at Cononish and how the company has fared during the conoravirus pandemic?

First gold mid Autumn??

Carliol

Hello R M,

How some M Ms get away with some of their goings on is completely beyond me.

Massive bid / offer spreads.

Tree shakes that swallow up stop losses and panic nervous private investors into selling when there is no realistic need to do so. These are usually followed by sharp increases in the share price with the only beneficiaries being the M Ms who have picked up a shed load of cheap shares.

Apparently it's all part of the " wild west antics" we have to put up with on the casino that is AIM.

Let's hope that tomorrow, the dice roll favourably on the casino for us private investors.

Carliol

Hello R M,

It hasn't taken a colossal amount of buying to move the share price to 65p / 68p.

Once the news of today's increase becomes more widely known we could easily get back up to or exceed our all time high of 82p. I wonder if there is a positive RNS due to be issued and / or some breaking news that private investors such as ourselves aren't aware of?

Today's sharp and welcome increase makes a welcome change from all the gloom and doom of recent months

I wonder where the share price will be by the end of the week?

Carliol

Hello Eck,

Super post. Agree we need some more info as you mention. The two consolations we have is that the gold is still there and ain't going nowhere until production starts. Also the price of gold continues above $1,700 an ounce.

Carliol

Hello Eck71,

I've been out all day and now I've logged on I can't believe the share price hasn't changed. It simply beggars belief.
This must be a splendid buying opportunity. I'm fully loaded up with SGZ shares but I feel very temped to put some more cash into SGZ.

It will only take a couple of decent buys to set the ball rolling and who knows where the share price might end up.

Carliol

Sorry - typo - should read 2019 and not 2109!!

Also I meant to insert copy and paste of gold prices over the previous year.

https://www.bbc.co.uk/news/topics/cwjzj55q2p3t/gold

Carliol

Hi All,

Now that there's some light at the end of the tunnel. I wonder how the share price will react on Monday and how much of an increase we will see prior to first gold?

The last deal on Friday was a buy at 61.90 so we could expect an opening share price of 60.00. In Oct 2109 the sp hit 82p and in Jan 2020 the sp was 78.50. Although construction work is set to restart at Cononish there was no indication in the RNS of when gold production would start. Perhaps we will see first gold in mid Autumn. A lot depends on how the coronavirus epidemic plays out over the coming months.

Also the price of gold is currently $1738 an ounce whereas in Jan 2020 the price of gold was $1480 an ounce.

Interesting times ahead.

Carliol

https://www.investegate.co.uk/Article.aspx?id=202006121325548456P&tab=article

Carliol

Good Morning Glenalmond,

Thanks for the info. i wonder if we'll see $2000.00 an ounce?

Carliol

Good Morning Everyone,

Let's hope the mine is up and running and producing gold as soon as possible. Current price is $1731.00 an ounce which a record high.

https://www.bbc.co.uk/news/topics/cwjzj55q2p3t/gold

Carliol

Good Morning R M.

Lots of gloom and doom around due to the dreadful coronavirus. When the Cononish mine will be up and running is anyone's guess but at least the extension of the furlough scheme will help Scotgold through these difficult times. Hopefully we might hear of a relaxing of work restrictions in the not too distant future. But I wonder what the definition of " the not too distant future " is in the mind of the Scottish Government?

Even though us private investors are anxious to get the mine working at least there are two positives to take from the current situation. The price of gold is around record highs and the gold that's been in the mine for zillions of years ain't going nowhere until the mine is up and running.

Carliol

Hello Eck71,

I've had the same problem as yourself when buying. The brokers are being greedy when they will only let private investors such as ourselves in buy in small quantities, they clearly only have one motive - to get more transaction fees. It appears they aren't satisfies with the often massive bid / offer spread that's often around 10%!

Trades that don't normally show up on LSE will have gone through on the NEW Exchange which can be accessed on the LSE site which can be logged on by clicking on the NEW Exchange on the top left of this page.

Carliol

Hello All,

I've been out all day and just found the latest RNS.

It's re-assuring to have Nat le Roux who is Chairman of SGZ and is also a major investor in the Cononish project. The facility to fund the mine up to and hopefully past the date when AU & AG are produced. This gives investors added confidence that we will definitely see gold pored and any financial problems that may occur will easily be overcome.

It looks as if the current lockdown restrictions could soon be eased when hopefully SGZ can get back to work to get the mine up and running.

I wonder when this will occur and how long it will take before we see first gold?

Carliol

Hi All,
Disappointing to see the share price drift down recently.Although it is against my normal investment strategy to average up on a rising share price, I couldn't resist the temptation to buy a few more at 47.80 on Fri. The deal didn't show up on the LSE board but went through on the NEX Exchange.

If we see a slackening of the current coronavirus rules regarding companies starting to work again, I wonder how long it will take for work to start again with Scotgold?

Also, I wonder when the mine will be up and running and producing AU & AG?

Although it's disappointing to see the lock down continuing because of the pandemic , the well being of people must be more important than the economic problems that will ensue following the return to normal. ( If normal will ever be what we thought it was.)

The current price of gold is at record levels and should make Scotgold an extremely profitable company once production commences. I wonder how much gold will be produced on the first pore?

Carliol

Hello Risk Manager,

Thanks for those kind words. The current coronavirus pandemic is unprecedented. We are living in a troubled world with lots of problems but few solutions. However, sooner or later it will be over and we'll all look back and remember the lock down and how we coped.

Your comments are interesting on lithium leading the drift away from fossil fuels and renewable energy being the way forward. I've recently invested in Bacanora Lithium ( BCN ) which is my first venture into investing in renewable energy. It's a small company that's listed on AIM. It's a UK company with projects in Germany and Mexico with a Chinese company having a 20% stake . I've also been researching to see if here are any lithium deposits in the UK and can only find a company in Cornwall that's exploring for the valuable mineral.

The following is a link that you might find interesting.

https://www.cornishlithium.com/cornish-mining-boost-as-1m-raised-by-firm-behind-plans-to-tap-lithium-reserves/

Carliol

Hello R M & Bell,

Some of the goings on in the financial services sector simply beggar belief. It's always the individual investor that takes the hammering and the perpetrators normally only lose their reputations and are back in business once the furore dies down.

I've mostly found H L ok to deal with but there are occasions when they can by trying. Sometimes the bid / offer spread is ridiculous, particularly on AIM.

I'm pleased I finally got my top up on SGZ.

Just got back in from the 8.00pm celebrations in support of the wonderful work the NHS people and everyone concerned with keeping us well as they carry out the battle with the truly horrendous coronavirus pandemic.

Carliol