RE: SGZ10 Feb 2023 10:26
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Often, when I dive in on placing news, share price moves below, before recovery..
but then when I have waited I missed the boat, and up they go..
Only two I got right have been 88e, & PRD, but had some prior knowledge
And 88e, I got spot on(lucky guesstimates) so should have sold, before and bought back..
just looking at the graph, grazy rise days before raise..
Fair fall before that on results
10th Feb 2023 7:00 am RNS Results of Capital Raise
9th Feb 2023 5:00 pm RNS Retail Offer
9th Feb 2023 4:42 pm RNS Proposed Capital Raising
7th Feb 2023 9:00 am RNS Price Monitoring Extension
31st Jan 2023 9:05 am RNS Second Price Monitoring Extn
31st Jan 2023 9:00 am RNS Price Monitoring Extension
30th Jan 2023 9:05 am RNS Second Price Monitoring Extn
30th Jan 2023 9:00 am RNS Price Monitoring Extension
20th Jan 2023 2:05 pm RNS Second Price Monitoring Extn
20th Jan 2023 2:00 pm RNS Price Monitoring Extension
19th Jan 2023 2:15 pm RNS Results of 2022 Annual General Meeting
19th Jan 2023 7:00 am RNS Q4 2022 Results and 2023 Outlook
https://invst.ly/-8wxd
The net proceeds of the Capital Raising will primarily be used to support delivery of the Company's 2023 mine plan and the move to long hole stoping at its Cononish Gold Mine in Scotland ('Cononish'), to support resource expansion at Cononish and to support Scotgold's regional exploratory drill programme, where the Company holds 2,900km2 of licences in Scotland.
"The additional funds raised through the Capital Raising will enable the Company to progress its 2023 mine plan and deliver full phase production of c.2,000 ounces of gold per month, with a target AISC of £610 per ounce in Q4 2023 with the mine running an average grade through the processing plant of c.12g/t Au year, to increase cash generation.
Dont know enough about miners, so seems a lot considering Gcat was talking producing 2000oz a month, and was less than a penny, so I cant even compare.. Mmmmm