Member Info for Eck71

For shame, yayay, for (Scotland’s) shame!

Just appeared Dibs61, along with a couple of other biggies from yesterday. Better late than never!

'un grammo d’oro' sounds a bit more like a gram to me...

And this morning, the SP is 'down' except the real ask is up from yesterday and the bid unchanged. Jeez. Anyway, busy day away from screens so enough whining from me...

I've only got the basic platform so can't see more than the last 60 trades. Of those, 58 were buys (judging by my dummy transactions) totalling >£140k. A grand total of 2 sells totalling £819. And yet the SP didn't shift all afternoon, for a share which normally gets punted all over the place by a few £5k trades. Having dropped 20% on 5% dilution and a bucketload of good news. A truly bizarre day on the AIM 'market'.

Just tried a dummy buy and sell to confirm the (fairly) obvious. Buy at 117.99 and sell at 117. The sea of red 118s are all buys.

yayay, get you with your glass half full! I'm not surprised by the placing and with £8m debt to clear and multiple targets to investigate - notably two much larger prospects which are looking very exciting - it makes sense to have some cash in hand.

Add bringing forward full production by nearly a year to accelerate the cashflow for rapid expansion, and there's a decent logic to this. 6% dilution doesn't bother me, but the price is a boot in the baws. With end of November gold reiterated and improved project economics it will bounce back soon enough.

Wonder if the >£100k of chunky sells at c. 150p from Thursday and Friday will come back in at <120p today? A nice few days’ work if you’ve got your ear to the ground...

Bellers, your efforts as always are much appreciated!

Bad Eck. I realise there is in fact a sell at four hundredths of a penny below 152. Slapped wrist.

Not wanting to tempt fate, but a week has passed since last Monday and Tuesday's rise, and we appear to be rock solid in the 150s. Very strong. Supposedly the bid has dropped this morning but there are no sells below 152 and the full ask continues to be paid so, er, shurely shome mishtake...

No concerns about this afternoon's ScotGov announcement re Cononish activities. A Twitter update would be nice to keep everyone perky.

I have

157p paid.

I'm quite happy to take bets that any further measures will not include essential travel to work (that cannot be done from home, like mining). Anything we get will be about further curtailing social interactions, eg back to the 5 mile rule for social visits, maybe further curbs on hospitality venues. Let's see. I have no concerns whatsoever about Cononish operations continuing.

That's my kind of trader yayay. Looks like the Aquis is where the action is today, if you can decipher the buys and sells. Lots of blue but presuming everything in the 148s is a sell and everything in the 151s is a buy. Modest volumes compared to last week's fun, but not as quiet as it looks here.

Bizarre... still, a positive note on which to end the week. Have a good one everybody!

SP looking pretty resilient today - a 5% retrace after 35% rise in two days is very modest. Some selling inevitable - LTHs haven't had an opportunity to sell at these levels for 7 years - but a healthy counterweight of buying too. Encouraging for consolidating the new level in advance of further excitement around commissioning in October and full production shortly after.

In case anyone is new here.

At today's gold price the Au resource is valued at c. £389m. All-in production costs are £544/oz, so c.£145m. Knock off c. £8m to deal with the debt financing, and that's £236m to play with (at today's costs and price).

That doesn't include the 1m oz of Ag; 'Scottish Gold' premium of >30% on approx 25% of what is produced; or any extension to the Cononish resource (which it's now clear will be significant).

Cononish will be hugely cash generative, supporting the development of what look to be much larger projects at Inverchorachan and Beinn Udlaidh (*much* larger!). This is what our Chairman meant when spoke of investing in the start of a 'significant Scottish gold mining industry'. What value would you then ascribe to the rest of Scotgold's extensive licence area, with Cononish spewing cash and the other two resources proved up?

Welcome!

Thought you were talking about a tiny horse there for a minute...

https://www.youtube.com/watch?v=OXypyrutq_M

It's a notoriously sticky-handed group...

BP, volumes may not be huge but when the free float is as tight as it is with SGZ, it doesn't take a lot of demand for it to wildly outstrip supply. And up goes the price.