Member Info for Rockhead

More likely an omen for the whisky brand of that name than Scotgold I still have a bottle! If anyone is not partial to whisky, B & M sell a mans spray called Goldigga for £4.95!

GLA, R.

Shychap, Yes, on reflection I could have left that bit out.

GLA, R.

So sad that such a prospective project that I have supported and invested in over 10 years has been trashed by repeated corporate incompetence. I am fortunate in having withdrawn with profit earlier, but feel very sorry for those who have kept the faith and face losses. A tragedy too for the employees who are now left with no income and probably no jobs. The community of TYndrum deserved better.

Regards and farewell to all here, R.

Baz, you'll surely not be lost for words! We don't now have tales from South Worcestershire, but you could amuse with your riveting adventures in Beni!

You just have time for a week there before Q3 results RNS.

Till then, zzzzz, R.

Hi UncleBob. I made good profits earlier on impending 1st (abortive). 2nd (successful) planning permissions and later funding success. Least said about the final funding failure the better! Still, you can't win them all!

Hopefully the fates of Sirius and Wilko will not come to SGZ, but there seems little UK appetite for physical resource investment just now as witness the difficulties facing TUN and zero applications for the last round of government offshore wind turbine leases. Let's hope SG have some luck in raising some cash, as sub P1 production in June/July/August may keep the lights on and perhaps pay the loans interest, but P2 level production will be needed if the loans are ever to be repaid IMO.

Hopefully also, some posters might not continue to bore us with their fixation with another former poster!

UncleBob, you lost on SXX too? Maybe Deja vu here too, but hopefully not.

From the RNS plan going forward, it sounds like they are going back to the original BFS mining plan of 2015. Pity they didn't stick to it in the first place.

Andrew, "If you are proposing things were ok and good decisions were made, I would beg to differ." I made no suggestion, but just answered your question with something that I thought you might have overlooked.

BP, keep hoping.

Kay sera, R.

'Why else have a tailings thickener never used?'

Andrew, in answer to your question,

'As previously announced the tailings thickener, designed to increase throughput of ore, is ready to be commissioned. The Company will commission the tailings thickener when sufficient ore is being delivered from the mine for it to be effective.'

https://www.scotgoldresources.com/wp-content/uploads/2023/07/Q2-2023-and-H1-2023.pdf

Let's hope they are mining enough ore and give BP another crumb of hope!

A good w/e to all, R.

Baz, just for the record and having met TB twice at mine visits, I am of the opinion that like me he believed in the prospects of the project and was assured by the commitment of the company officers and staff back in 2016/17. After that I became more pragmatic about the company with the many changes in staff and officers, whilst his enthusiasm continued unabated. I doubt that he was complicit with anything and is now likely smarting from the company failure. Anyone can get it wrong, including investors. NO share is forever safe IMO and all shares should be traded upon DYOR as I have done. The stock market is only marginally safer than backing racehorses. The issue of shares is a tool of capitalism designed to concentrate the modest wealth of many into the hands of the better off few to finance themselves and their agendas. If that makes me sound like a 1960's socialist, well not far out back in the day.

Respect for the faith of all LTHs in SGZ, R.

As I posted on Saturday, '4. Scotgold survives surgery. Why not? I have.'

Thank you for your best wishes.

Now SG needs some best wishes if shareholders are ever to regain their losses. The climate of investment risk is not good, so let's hope for a better outcome than Wilko for the sake of employees at the mine.

I take a crumb of comfort from the review that the geos and BFS writers seem to be credited with getting it right. I have always posted that this project is highly prospective and I am still of that opinion. It appears that the management have for some time been getting it wrong. I still hope that SG can emulate my recovery for the sake of employees and shareholders.

Good luck to SG and regards to all here, R.

4. SG survives surgery.

Why not? I just have!

Have a good w/e all, R.

Baz, good to see you still have humour under your suntan.

At least today this BB has woken up even if it is reminiscing the negatives and posters sound like lemons on the express!

Just me taking the mick again, not being shy and not holidaying in TB's garden (good one Andrew).

No holidays for me just now. Just looking after Mrs. R and off to meet my surgeon tomorrow. Be back in a while if I survive, LoL!

TTFN and regards to all, R.

A weekend of three stooges mourning their losses.

Baz reverting to Mr. Grumble mode of Venetian coat-tail days, Andrew yearning for a return of TB and BP repeating himself, but at least being pragmatic about it.

Baz, age seems to be eroding your memory on the BPT. It was about demonstrating that gold and gold containing minerals could be extracted to persuade NLR and others to open their piggy banks and that the arising tailings would be sufficiently benign to persuade the national park to allow dry-stacking rather than a tailings dam at much greater up-front cost. It was hoped that the gold and concentrate produced would cover much of the BPT cost, but there was one of SG's infamous errors in stating that the heap contained 7.8g/t Au based upon a previous owner's historical assays. An expectation of 5 to 8 g/t would have been more sensible.

All that is passed, so lighten up lads. It must be time for a holiday. Beni for Baz, perhaps Paris for Andrew (watch out for an arrow!) and where does BP fancy? A good time for a break in this spell of good weather and before the end Q3 report burdens your minds.

Regards to all, R.

Andrew, my reasons were on the level, but also I'm getting old and can't be chewed, plus I have other things to occupy me like looking after Mrs. R, grandkids and great grandkids to amuse and a model railway! Simple as that. Playing shares was good while it lasted and of SG I know no more than you. Still interested in the future of SG and await yet another horizon.

TTFN, choo, choo, R.

If were still investing in shares, at 13p I would give it a wee punt subject to DYOR, but things were not looking good for UK natural resource explorers and producers going into the pandemic and so I chose to withdraw from shares, with SGZ being the last.

Your investment might better have been initially smaller, leaving funds to add later or to average down for a better chance to recoup a paper loss, as I have done before.

Cononish has always had and still has potential (IMO) as i have previously posted. Can or will SG deliver that potential is another matter. Past and present members of the team had commitment and achieved much, but mistakes were made (AISI) and so here we are or where are we?

We need to produce 1000gAu per month for P1 (subject to mining upgrades) and that needs 2 developments, one stope in preparation and one in production IMO. That's what I would be looking for and if achieved in Q3, 13p SP would look good to me.

We shall see. Good luck to all here, R.

Not a Rangers fan and not great on fiction either it would appear.

There are two posters on this BB who are not invested in SGZ.........Andrew and me. I made money out of my investment and he has said he made a loss.

A good weekend to all here, R.

GG, I doubt that Andrew is a Rangers supporter.

I guess it was a case of:

https://www.youtube.com/watch?v=V1bFr2SWP1I

but now a case of:

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

HAND, R.

Blood thirsty stuff, Andrew.

Maybe he'll reinvent himself one day. Reinvention very popular throughout time. Even prehistoric species snuffed out by great extinctions have later been replaced by newly evolved forms with very similar characteristics to fill the vacant ecological niche as 'Lazarus species.' It seems to have happened to some posters on LSE in the past and is popular with popstars like David Bowie and and politicians, usually around election times. I recall Margaret thatcher being re-elected for the third time in 1987.

Let's hope that Scotgold can do the same for the sake of investors here.

GLA, R.

Yayay, just for you and UFO:

https://www.youtube.com/watch?v=7KEn0uOEILs

Indeed it is! See the next post.