The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Thank you for all of your wise words, it's nice to see some intelligent comments here. I now agree it's either a done deal, or a very 'boring' and unlikely gamble that I'd be able to see anything other than 115p. I'd recommend, and will be re-investing in either;
1) CORA - very small mcap, but they've just started their largest ever drilling campaign. With results of over 35,000m of holes due over the next few weeks, in areas with excellent preliminary drill results. Potentially the largest return in the short term for any AIM gold miner in my opinion.
2) GGP - Haveiron has now been proved to hold millions of ounces of gold & with several near identical gold/copper anomalies close by, which are all 100% GGP owned. Gervais Heddle tweeted earlier that exploration season has now 'started' and to expect a lot of news flow.
3) PALM - Another very small mcap, but have a fantastic portfolio in Australia and Canada. Although not yet producing, their acquisition of old gold mines (not profitable when they closed 20 - 30 years ago) could be a game changer. It's so much easier & faster to start mining on known gold veins than building a new mine from scratch.
All my best to everyone here for a prosperous future,
Duncan
Yes I read the RNS, but could see no reason to panic sell. There is a clause that Horvic can essentially take our dividend, so they may well do that. But there's no thing they can do stop the share price rising. The price dipped recently due to an accident on the newly opened Vein-25, but an RNS on 5th March confirmed that all activity at V-25 had resumed with immediate effect. For its size Asacha is one of the most profitable gold mines in the world, with V-25 pulling high grade results, including over 1.3kg of gold per tonne from hole C2098. So why would you want to take your money out of a highly profitable gold mine with such great prospects?
Why has everyone just given up on this company? Now that it is being taken over, does this mean the share price will never change again? This is one of the most profitable gold mines in the world, so why sell for just 115p per share?
All my sympathy to the families who lost loved ones. But there will be little impact on production. Sadly such accidents are a hazard of underground mining, and usually very quickly identified as an obvious failure of machinery, explosives, fuel etc. Correct procedures are swiftly being conducted to record all factors in this event. In the meantime staff have been re-allocated to other production areas, so those ares now have increased human resources to increase production. Also, the price of gold has been somewhat subdued for over a month now, and I'd like to see the high grade Vein 25 motherload sold when gold is back up to a £45-50 per gram level, which looks increasingly likely as the Bitcoin Bull market seem to be cashing in their huge profits (as we see Bitcoin finally start to fall). As the POG rises, TSG will soar to new heights.
I've just seen this really important ORCP press release from 17:45 today (15th January 2021)
https://www.lse.co.uk/news/ORCP/in-brief-oracle-partner-starts-thar-gasification-feasibility-work-l7gbtar1hdg56rf.html
Not released as an RNS yet (hopefully because Naheed and the team at ORCP are still busily talking with China Coal!
So the price of gold is not helping any miners right now. But we know we have buyers who will pay a greater than 30% premium on Scottish gold. The first gold pour proved that all the equipment works, so now we're in phase 1 production of 9,910 ounces per year. Which is over 27 ounces, or 844 grams a day.
At just under 1 kilogram of pure gold a day, how long before we have our first RNS about the first commercial sale of our gold? We've been producing for 14 days now, about 12 kilograms of pure gold in the company safe?
That's a great video interview Ballers. For anyone who hasn't seen yet https://youtu.be/f5efw1VqATk
Richard Gray states our exclusive Jewellers will take ALL the gold we produce for the next year at a >30% premium. No delays to the gold pour, onwards and upwards to get the next few mining sites prospected and producing like Cononish.
I thought the RNS was just too much information. We are so far off most investors radars, that a shorter snappier "Hey, today we started making gold bullion!" would have had more of an impact. The company can always release more RNS's giving more details later on, and us investors - we like RNS's. Hopefully the company will release some photos & videos of gold being produced soon. And it's now a different game, we are now producing gold & commercial money will start filling our coffers.
Check out this video from BBC Ones The One Show from 2017. This was the first time SGZ made 10 x 1 ounce gold coins, with gold mined at Cononish. With gold valued at less than £1,000 per ounce at the time, these coins sold for up to £21,000 each (3mins 30 seconds into the video). Everybody wants Scottish gold, but only Scotgold has it.
https://www.youtube.com/watch?v=mQxy1xfx2Po
Yes Alfaspider, the sale prices are huge, beyond belief. Although most money will be taken by the jewellers ,I agree with CP52 that we will be selling for a 30 - 40% premium. We don't have millions of ounces that can only go into bullion. Every jeweller in the country (and well beyond the UK) wants the prestige of selling the only gold mined in Scotland for years. So we will mostly be supplying jewellers at circa 35% above bullion prices! Now who else has those gold prices in their calculations when valuing this mine - and the new mine sites we're actively surveying?
The first gold pour is not just an event, it's a catalyst for Growth. Today, in the Hardman Investor Forum, CEO Richard Gray stated that the Gold sales will be prioritised, to supply their 2 designated Jewellery producers - as Scottish Gold has a much higher premium. And what a premium it does have, a Scotgold Ring bought from their Partner - Hamilton & Inches is a cool £95,000.00. Yes £100k for a Ring. Bring on that Gold Pour!
https://hamiltonandinches.com/collections/scottish-gold
There are two SGZ presentations this week. Tuesday 10th and Wednesday 11th. Here's a link to Tuesdays - Geology of the Cononish Gold Deposit at 4pm
https://twitter.com/DuncanGold77/status/1325935632078807049?s=19
Hi Daveoil, the LSE website using a 'weighting' system to display trades. Larger than normal trades often appear in the latest trades, even if they occurred on the previous day. The idea is to show 'where the real money' is going, as a single large trade is more important than a lot of very small trades. So you can see yesterdays single buy of 141,600 shares, as its more important than all of todays trades added together.
I think it was a fantastic RNS. For a £3m raise, SGZ will double gold production in phase 2. This will raise the base income, (EBITDA) to £178m per anum, so it makes perfect financial sense. In terms of the timing, phase 2 has now been bought forward by 11 months - so investment is needed now, and you wouldn't want any delay would you.
Thanks Glenn. Here are some rock core drilling samples from Scotgolds Cononish Mine https://twitter.com/DuncanGold77/status/1315654948839972864?s=09
Great news today, and I've topped up my investment. See my Twitter @DuncanGold77 for some photos of my recent trip to Tyndrum and the Cononish mine