Member Info for Eck71

There you go BlakeneyP, a little nudge up for the bid! I should think so too, gold now USD1,639.

USD1610, GBP1250

Autumn123, don't take too much notice of Baz. Eeyore is his spirit animal. As Samson says (and as I said in a previous response to you) there may well be further pain/turbulence over the next month or so but once production becomes imminent the SP will respond positively. Until the level of certainty for date of production is higher, doubt and risk remain on the table and you will see that reflected in the market.

Oh I don't know. In nominal terms they're still above their IPO price.

After two days of quite chunky volume, mostly selling, nothing at all on here today and just three modest sells on the secondary market.

Nothing useful to say really. Just mildly raising an eyebrow.

Ah - well there's the reason for the drop. Two chunky sells at 13.17 and 14.03.

Hi Autumn123. For those of us who have been invested here over years rather than weeks, what you are seeing is but a blip!

The October run-up was very steep and in fact the SP has been quite resilient since, despite the December announcement of delayed production. However volume has declined markedly as most people who wanted to take profits have done so, and most people who were hearing about Scotgold for the first time and wanted to get on board have now made their move.

So with low volume, any substantial sells - and we have seen some over the past week or so - will move the SP downwards sharply. Likewise with a limited free float of shares, when buying pressure returns it should move sharply in the other direction.

FWIW I think mid/high 60s is a reasonable level just now until we get more certainty on first production date, and since October when the price has been forced into the low-mid 60s some buyers have come back in to nudge it back up. We shall see.

There may be some more pain to come over the next couple of months, but as we get closer to first production - and let's hope that will indeed by May - you should expect to see the SP respond positively.

All IMHO, DYOR etc.

Thanks Blyth and Morar. As you say, a good piece, accurate and balanced. We are building quite a decent media presence at last.

Hm, exploration update hasn’t exactly set the heather alight. Though setting anything alight in this weather would be a challenge.

yayay, I considered getting involved years ago but never did. Was also tempted by some bottom-feeding now but bottled it and that ship has now probably sailed. Swings and roundabouts. Well done on your £100s - some £100s is always better than no £100s!

Makes you think how something similar could so easily have happened with Scotgold in 2013/14, although in retrospect we were lucky that the junior gold miners were so despised at that point that there were no buyers interested in crystallising the 95% loss I was sitting on at the time. Well, maybe one bunch of so-called 'white knights' but the less said about those chaps the better.

Onwards and upwards, some exploration news would be luvverly jubberly...

Gold back at £1,200, for now at least, which is the gold price assumption for the revised financial metrics.

Interesting SXX news today. If it goes through, a decent return for newbie bottom-feeders who took a punt below 4p. Pretty sickening for LTHs who are holding shares bought at multiples of that.

Nonsense Canonbie, the gold price is almost entirely irrelevant. This is primarily a tourism industry opportunity, as you very well know.

That happened more quickly than I expected. Gold in sterling now almost back to pre-election price. From my 11 Dec post:

‘If the Tories get a workable majority you'd expect to see a Sterling bounce, though quite a lot of that may now be priced in. Somewhat negative for us in the short term. I'd expect Sterling to weaken again when it becomes (even more) obvious that the choice will be between a terrible EU future relationship deal as the EU have us over a barrel (because BJ refuses to countenance a transition period extension, at the moment anyway), and no future relationship.’

Right, that’s enough self-congratulatory Mystic Megging for now. Pleasantly surprised to see SGZ SP resilience to yesterday’s RNS. Supports a sense from after the October spike that there are not many sellers in the 60s. We must be nearly done with the options flippers too, so quite encouraging despite the predictable production delay.

I refer to my post of 2 Dec, which mentioned a further delay as a ‘when’ not an ‘if’. Unfortunately the resulting SP dip is coming a bit early for me as not in a position to top up now, but let’s see where we are in another month or so. Good old Scotgold, nothing if not predictable...

What the...?

Yeah, now I really wish I'd topped up at 59p.

Ah, there they are! The 08:42 trade obviously a buy, so £37k of buys. That would do it.

Anyone seeing buys going through elsewhere? Healthy 5% rise this morning on virtually nothing. Well done to those who managed to buy in the 50s last week, that's starting to look like it may have been the last opportunity at that level.

Will be interesting to see what the dollar gold price does over the next couple of months. Dec-Feb have been very good over recent years. Not surprising to see an uninspiring autumn after the stellar summer, but recent weeks have the look of a bottoming pattern. It would be very nice to hit first production off the back of another leg up in the gold price, but we shall see.

BP, definitely no differences of political opinion here, lol. If the Tories get a workable majority you'd expect to see a Sterling bounce, though quite a lot of that may now be priced in. Somewhat negative for us in the short term. I'd expect Sterling to weaken again when it becomes (even more) obvious that the choice will be between a terrible EU future relationship deal as the EU have us over a barrel (because BJ refuses to countenance a transition period extension, at the moment anyway), and no future relationship.

If Labour propped up by Lib Dems and SNP, short term sharp Sterling decline because initially chaotic, then recovery if - big if - that leads to a second EU referendum with the possibility of a remain win.

If any of that leads at some point to Scottish independence, I think you'll find that a thriving Scottish gold mining industry would be *exactly* the kind of thing an independent Scottish government of any flavour would want to encourage, so I don't think you need worry about requisitioning.

Anyway, at 10pm tomorrow we'll have an idea of how it's going, but with so many seats on a knife edge and weird variables like the Brexit party only standing in half the seats, it may not be as accurate as it was in 2015 and 2017. I'll be settling in for the long haul anyway!

Anyway, peace, love and big nuggets to the lot of you, whatever your politics.

yayay, yup, on past form...

Part of me is hoping there will be a (further) delay to the start of production, because if there is I suspect it wouldn't be particularly significant (March/April maybe) and would present a buying opportunity.

On balance I guess I'd like them to deliver to the stated timetable for once, but silver/gold lining and all that. I'm sure there are others who have a better sense of whether production 3 months from now looks on track.