The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
BBB, why don't you grow up and stop the provocation?
Name and address? WTF.
Morning.
Bellers, "No more monthly updates. Back to smoke and mirrors?" The clouds are down to less than 1000ft this morning , can't rely on smoke or mirrors I'm afraid. Drums will work or there is always the ever reliable chap with a message in a cleft stick.
For some on here who's involvement is starting to be measurable in decades this has to be a most disappointing RNS.
After many years of serial problem and jam tomorrow reporting we are finally at the point where the tide has turned and we have an operating and profitable mine. Good, no, wonderful news at last.
How do we capitalise on this?.... We stop telling people!
Have we move from a CEO who couldn't write an RNS to one that won't write an RNS?
Evening.
BBB, Are we not limited to 6 day working?
24 hours 6 days? hence recruitment?
Afternoon.
A couple of years ago I got Google to amend the name of the Mine by removing the word "(Closed)" . I received an email from them today.
"You changed the name of Cononish Gold Mine, which has now been seen over 200,000 times."
Hopefully a few of that 200000 will buy in.
Evening.
Hello Kenny67 "he is not a fellow with whom I would choose to associate, as knowledgeable as he may be on the Company."
Would you care to expand on that statement? I'm intrigued, has he upset you somehow?
All the best for tomorrow rockhead.
Found a new friend Eck?
Good to see you are still on form ;-)
Evening.
Rockhead, I hope all goes well tomorrow and best wishes for speedy recovery.
Did work. Pretty good I thought.
Check out the comments, the scrote never stops.
Evening.
https://constructionmanagermagazine.com/scotlands-first-gold-mine/
Might work.
Evening.
P & J coverage, nothing more than in the RNS but welcome anyway.
https://www.pressandjournal.co.uk/fp/business/north-of-scotland/3282154/scotgold-shares-boosted-by-more-positive-news-on-production-at-cononish/
Morning.
" ‘Scottish Gold’ sore. "
Eck, Freudian slip? whether intended or not, it made me smile.
Probably forgotten about.
I expect the celebrations regarding the disposal of Kilimapesa are still continuing.
A "Normal service will resume shortly" sign is probably hanging on the door
Morning.
Yayay, £6.00?
My first buy was £5.01 in old money, pre decimation.
What is the opposite of a 10-bagger? 10-bu**er?
Morning,
Yayay, I have read and reread the RNS, I think it is poorly written and possibly alarmist.
As you say, Director funding was already being investigated. Is this another approach, or is he reiterating what was already underway? Clarification is required.
He appears to have commenced a review of mining operations which is as yet incomplete, but has released a RNS giving conclusions about this review. None of the "conclusions" are quantified or explained.
" Mine development is insufficient for the mine to provide optimal ore quantity and quality in the short term, however this is not predicted to have long term impacts."
Have we not always known this? The ore released during construction is not optimal as it comes from construction, not production stopes. Again clarification is required.
Afternoon .
Well done RH, congrats.
Afternoon.
Hello again BBB, I think we are approaching this from different directions. ( surprise, surprise lol).
Very simplistically because that's the way I work:
First mine produces circa 1/2 million tonnes of spoil which all goes to dry stack as per present arrangements.
This leaves a lot of space inside a big hill. The Increase in life of mine resource is speculative/unknown but probably not all in that hill and may/probably need different access arrangements. Therefore empty hill and unused adit can be used for waste assuming a relatively seamless transfer to mining any additional resources.
Anyway it's all academic. The important thing is to prove up resources for the future, that opens doors.
Afternoon.
BBB, Here's an extract from the BFS of 2015:
"Mining permission has been granted but with some conditions. One of the more important of
these conditions is that the full capacity of the TMF is restricted to 400,000 tonnes. This means
that about 129,000 tonnes of tailings (after taking into account the mass pull) will need to be
stored in old stopes towards the end of the mines life."
So about 25% of the original waste/tailings was intended to go back into the mine. It was costed in and In fact it was a condition of approval. The dry stack system was a change of planning itself. Can't see any real problem partly resurrecting an old approved scheme and possibly expanding it some?
Mind you I have been ever the optimist, that's why I'm still here.
Optimism might be seen by some to be a counter survival trait, I can understand that view these days.
The sun is shining here, back out to the grass/garden.
Oops, apologies, Rockhead, not Eck.
Evening.
RH, My intention was simply to give my opinion of the type of news required to give a sustainable lift to the share price.
I had no intention of starting a debate about the advantages or disadvantages of various routes of company development. However the company has obviously assigned some priority to increasing the life of mine or they would not have planned it and referenced it in the RNS.
BBB, as Eck says a lot of the spoil can go underground as in a previous mine plan.
RM, I remember when I was a callow youth in Pompey dockyard, HMS Matapan tied up alongside. It might have been being decommissioned . A long time ago, as per our FM I can't really recall.
Have a good weekend all.