Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
The missing second half of that is 'if the current restrictions aren't successful in bringing the rate of infection down'. Which is more or less a statement of the bleedin' obvious whether it's Scotland, rest of UK or anywhere else. I appreciate that for those who've been told by various angry men on the internet that it's all made up because of George Soros, or Bill Gates, or Hillary Clinton's emails or something, this is unwelcome. But there are now quite a lot of dead people, so it's a tricky one. Vaccine rollout seems to be going ok in Scotland so far - early days though.
Pretty messy yayay, agreed. I presume the occasional flurry of micro-trades are not individual trades but are either broker tidying-up or for some reason fragmentary posting of larger trades. Generally the contradictory pricing gets explained once large late trades get reported, and it's all exacerbated by current low volume.
Hopefully once we get towards full production in the coming weeks we'll see volume pick up, more liquidity and pricing that is therefore easier to interpret. Maybe even some positive movement in the SP too, if that's not asking too much...
Looks like decent value to me peasant, IMHO, subject to a) gold price continuing to consolidate/bounce off the 200 DMA b) a positive ramp-up update from the company within the next couple of weeks.
Good luck one and all.
More strangeness in the market today RH. Having done a quick dummy buy and (attempted) sell, it looks like those 97.69 'sells' are buys, and I suspect so are yesterday's 97.80s, 97.90s and 98.00s. What the 100s are doing there I have no idea. Can't get an automated sell at all. Hm...
Yes RH, that buy appeared yesterday evening. As usual anything substantial wildly delayed (sells too). Someone definitely fancies SGZ at c. £1!
As signalled yesterday some tightening up of click-and-collect and takeaway food and booze, plus a bit on tradespeople in private homes and tougher guidance for employers on employees working from home, where that work can be done from home.
Nothing on construction or manufacturing and no further indications (in the main statement anyway) that those sectors are under imminent lockdown consideration. So on we go. Last update 21/12/20 - what chance an update before the end of next week, or will we have to wait for the AGM on 29/1?
Pencils and pants present and correct.
A little less time spent down Facebook and YouTube rabbit holes would do one or two on here a power of good.
Indeed BP, nothing in there to indicate any problems for mine operations.
Meanwhile gold price *appears* to have decisively broken out of the downtrend at $1940.
So for now at least, that’s 2 big risk issues looking fine.
Come in Scotgold, show us some dore bars! And give us those outstanding ionic leach results while you’re at it!
Happy New Year all, stay safe.
Agree Bellers. An encouraging update, particularly to hear that they've got it running at 7.5t/hour. 24 hour processing in Jan. All sounds good.
yayay, indeed. St Brides did a great job with the New York Times and other coverage in the autumn, but they need material to work with, especially if they are going to get more coverage outwith the Business sections.
What that means now is cool pictures. Gold is always a good story, but without some imagery for the picture editors to get excited about (and that one rather generic-looking 'gold pour' shot isn't nearly enough) we're now just re-hashing the same story.
So what I'm hoping/expecting is something like:
Before end of December: plant commissioning update (business coverage)
Dec/Jan: exploration analysis update (business coverage)
Late Jan/early Feb: further plant commissioning update (business coverage)
Feb/March: cool photos of gold (general coverage)
Whether it was the right decision to commit so heavily to a St Andrew's Day 'pour' is another matter. In retrospect probably not, without being very confident indeed that they would have more to show off than they did. St Brides might have advised a more cautious approach, only to be overruled by RG/NLR. Who knows.
For the most part it's a huge positive that the directors are so heavily invested in the company. The flip side is that they all seem to be in for at least the medium, if not the long term. So with cash in the bank and cash generation from production imminent, there's really no strong incentive for them to worry about short-term SP movements over the next few months. I really hope that doesn't mean this current period of omerta persists.
Bellers, re Christmas jollies, I'll take anything at this point that breaks the silence. Confirmation that the flotation plant is installed and operational. Results from the outstanding samples. A tweet, about anything. I am quite sceptical that we'll see photos of shiny gold bars at this point, but an update on the commissioning process before the end of the year really would help. Some video/pictorial evidence would be a bonus.
Knowing Scotgold they'll probably put something out at 4pm on the last trading day of the year, to guarantee minimum impact.
More buying than selling today I think, yayay, though it's increasingly difficult to tell. Quite a bump up of the ask at the end there - maybe we'll see a hefty buy or two appear tomorrow? Any trades of significant size seem to be delayed these days (eg the two >£20k trades from Monday, finally posted late yesterday).
Welcome mattybee (and also Tim/UncleBob). Someone should probably produce a primer for the various in-jokes and references to skirmishes past on here. Though I fear if you actually tried explaining a lot of it, it wouldn't make much more sense.
Amidst yayay's entertaining Tales from South Gloucestershire and Risk Manager's elliptical crossword-clue posts, you may even find occasional discussion about the company and its performance/prospects!
yayay the 119p was an uncrossing trade. Why that went through at that price, and why there was a 106.5p sell yesterday afternoon I've no idea. You might expect to see well below bid for a particularly large sell, but that wasn't huge. All quite odd. As glen says, actual price is 112/113ish.
More of a short term perspective than yours 10kj, but similarly bullish:
https://www.cnbc.com/2020/12/08/is-the-gold-trade-back-on-the-options-market-is-betting-on-it.html
Come on Rosewall, Sheila's stuff is a snip compared to the Hamilton & Inches range:
https://hamiltonandinches.com/collections/scottish-gold
Only a few items left from the original run produced from the BPT, but I can't tempt you to the oval yellow diamond ring at £74.5k?
Here we go. Sheila Fleet's Scottish Gold range now available online. News today in Retail Jeweller (registration required):
https://www.retail-jeweller.com/products/sheila-fleet-releases-exclusive-scottish-gold-designs-online-08-12-2020/
Browse and buy on Sheila's website here:
https://sheilafleet.com/collections/scottish-gold-jewellery
Sterling is going to gyrate around all over the place over the coming days (and weeks probably) on deal/no deal rumours, and near term POG susceptible to US stimulus progress/non progress, but good to be back at the £1,400 mark for now at least.
Samson, greenhighlander, agree. Though I believe the images that were being tweeted were going out around a week in arrears. So we can probably assume that plant installation/commissioning is around a month advanced from that 13 Nov video.
Tuesday's announcement said: "Images [plural] from the first gold pour will be made available to shareholders on the Company’s website at www.scotgoldresources.com and on social media channels shortly."
Personally I'm not that interested in seeing any more images of the gold pour, and I'm not convinced they have anything particularly exciting to show us. What I want to see is video of the plant being put through its paces as the commissioning process ramps up.
I really wish they hadn't boxed themselves into a corner with the St Andrew's Day deadline, though I can understand why they felt the need to. If we were now seeing regular commissioning/testing updates instead of the aftermath of a botched PR 'gold pour' there would be much more positivity and excitement out there. It will come, it just needs some decent evidence of the plant doing its thing.