Member Info for carliol

Good Morning R M,

I couldn't get a buy to top up my SGZ shares on H L but could get a dummy sell at 52.25. I put a fill or kill order with H L and it was immediately transacted. The deal didn't show up on LSE but it went through on the NEX Exchange Market at 54p for 1350 shares.

The following link is to the NEX E M and now shows a bid - offer spread of 51p - 56p.

The only conclusion I can come to re the attempted deals on H L is that they don't have any shares to sell but they will buy for obvious reasons. Perhaps I'm wrong but I can't see any other reason for H L unable to let me buy. Perhaps this is the lull before the storm.

When investing I prefer to top up as the share price increases and average up. I always reckon the share must be strong when averaging up. As opposed to averaging down as the share price weakens. Hopefully I'll keep topping up as we get nearer and nearer to first gold. However, " yer pays yer cash and yer makes yer choice". I don't suppose there's any exact and precise formula for successful investing.

https://www.lse.co.uk/SharePrice.asp?shareprice=SGZ.GB.PL&share=Scotgold-Resources-Limited

Regards from a bright and sunny Cumbria

Carliol

Good Evening RH & RM,

I've followed SGZ closely since I exited in 2012 and I've have been impressed by the progress the company has made to bring the project very close to production. We would have been producing gold and silver very soon if the world hadn't been stricken with the dreadful coronavirus. We'll just have to be patient. The gold ain't going anywhere until the mine springs into life later this year.

It's going to be interesting to see what other precious metals, in addition to AU & AG, are produced once the mine is up and running.

Once things return to normal when the virus outbreak is over, if there is the opportunity of a mine visit I would look forward to making a visit.

It looks as if SGZ shares are in short supply. I've tried to top up all this afternoon but without success. I could have sold at 52.10p but it was impossible to buy. I'll try again tomorrow.

Carliol

Hi All,

This is my first post on the Scotgold board on LSE.

I originally bought into SGZ in c2010 and went on a mine visit in Oct 2011. I sold out about a year later but I'm now back investing in SGZ and with renewed optimism. With gold currently trading at $1731.00 an ounce and the mine getting nearer and nearer to production, I couldn't resist buying back in again. I recall having lunch at a pub / restaurant at The Bridge of Orchy. i wonder if any of those present for the meal can remember the occasion.

https://www.kitco.com/charts/livegoldnewyork.html

Carliol

Hi All,

This is my first post on LSE for a long time and my first post on BCN.

I've been following this share for several months and I've made a few purchases in the last two weeks. The catalyst to help me make a positive decision and buy has been what could be described as a knock on from the dreadful coronavirus which is a cleaner planet. Reduced pollution. Less dependency on oil. Electric cars. Etc.

It appears that Bacanora will be well placed to take advantage of the increased momentum towards electric cars in the coming years. The car manufacturers will be finding lithium harder and harder to purchase as demand for electric vehicles grows. The following link goes back to Feb 2020 but shows how essential lithium is as a major component in electric cars.

https://www.autoexpress.co.uk/jaguar/i-pace/109103/battery-shortages-suspend-jaguar-i-pace-production

Carliol

N M

Hello B B, Have another look at what I wrote:- """If the deal goes through at C$1.95 lets hope the value of the C$ slumps against the UK£.""" As you say """At the moment £1 = C$1.6493 so C$1.95 = £1.1823""" Given this scenario 30,000 Ithaca shares is worth, 30,000 x £1.1823 = £35,469. Lets imagine the UK£ v C$ is as follows:- The C$ falls against the UK£. £1.00 = C$1.60. Delek offer price =C$1.95. Therefore C$1.95 at an exchange rate of C$1.60 = £1.21875. Which means that 30,000 Ithaca shares at £1.21875 = £36,562.50. This is an increase of £1093.50 on the value of 30,000 shares. The above is the reason I hope the C$ slumps against the UK£. Carliol

Good Evening Everyone, I rarely post on LSE but thought it worth mentioning that two delayed trades have gone through from last Thursday. The total number of shares bought is 2,798,210 at 116.50p for a consideration of £3.274 million. I wonder who is buying these shares? Delek or another ii hoping for a further bid that will no doubt sent the share price to more realistic levels. I also noticed that last week there were some very substantial delayed trades went through. I've been following the Ithaca share price closely and the fluctuations in the sp appear to be very similar to the ups and downs of the C$. When the C$ falls the Ithaca share price rises. If the deal goes through at C$1.95 lets hope the value of the C$ slumps against the UK£. I wonder what the chances are of a hostile bid coming in? Carliol