Member Info for Rockhead

As I read it, they have just got first ore to the mill and first pour expected this month. When it happens, it will hopefully be a bar rather than a button! SG could do with a tweet of the first gold bar to lift Xmas spirits. Otherwise we shall be relying on dew of the glens!
Regards, R.

'They' are watching everywhere Yayay! Remember not to mention a Lincolnshire steel-making town on this BB!

Bellers! You surely didn't invest on the word of someone on LSE/SXX! Shylock used to post there! LoL!
A number of us on here can only look to post-Brexit and Cononish 1, but it's exciting to be in a share that IMO, clearly has the prospects for more mines from very prospective geology, though the latter is of course my bias. Having been in and out of here three times for profit with my tiny investment, I'm in and will continue the policy as long as it interests and amuses me. Good luck to those looking to the rather longer term that should bring rewards. Now should I get out 'Henry' to search the back of the sofa?
GLA, R.

Morning Yayay and RM.
Much that our parents did often was not spoken of. My father as a GPO telephone engineer in the 50-60s would normally work days Mon-Fri, but occasionally would go in for short times at night or on a week-end. Decades later when helping him have a sort-out, I discovered his Official Secrets Act authorization. When I asked about it, he simply explained that he used to unlock the telephone exchange, let in a couple of MI5/6 and show them where they could connect their recording devices to monitor a particular telephone number and repeat the procedure to retrieve recordings or devices. The nearest my father got to being 007!!!
Regards, R.

DuncanGold, I like the sound of your calculations, but the likely-hood of 27 buttons a day after just one, is zero. The mine is still in development phase and will not yet be achieving either the grade or tonnage to achieve the phase 1 target until at least one stope is established and in production. It has been stated by our CEO that it is expected to take ~3 months to achieve that, though with Winter yet to bite and with best intentions, I would not expect that until Summer. Progress onwards and upwards will do for me.
GLA, R.

Is Champion a white horse?

There you go. You have it from the pragmatic Samson. Chill out and Yayay, send for Champion!

Morming Yayay.
No need to feel out of your depth as the mine is just a walk-in tunnel (adit), so no depth needed. LoL1! Being a geologist or engineer doesn't make us good investors, as it's just that we have a bit of understanding as to what is going on. Your degree in history and being invested here 10 years, surely gives you great temporal and human behavior perspective upon Scotgold. By missing out on a visit to the mine, you have missed out upon an event that I can vouch for (twice) to be interesting to all walks of life and a friendly social occasion. Hope we might both make it to Cononish next year. Chin up!
Regards, R.!

Afternoon all.
Bellers, BP and Yayay, I must agree with your sentiments, unless we get an early Xmas prezzie from SG. Is that more likely than an EU trade deal? Having sold at the start of October and got my timing right for once, haste to be back in at 120+ the same month in the run up to the first gold 'drip' now leaves me 'under water' and where I have been many times before. Could I soon contemplate averaging down if I can find the coin? Deja vu! Oh well, there should be much to look forward to in 2021, so Bellers, as the Yorkshire tradition of pub carol singing is out of the question, join me in a glass of TG!
An early Merry Xmas wish to all here, R.

Afternoon to all on a dull, wet day.
Pleased to hear of Yayay getting a result from Barclays. A miracle before Xmas to amaze South Worcestershire?
What early Xmas goodies might we expect/hope for next week?
Boris apologizing for not getting from the EU what he and most Tories didn't really want anyway, but didn't want to upset voters by admitting it. At least the £PoG might benefit.
A Grampian Project update on the outstanding results from Beinn Udlaidh and Inverchorachan would be interesting.
A tweet on mining development progress would be encouraging.
An update on increasing gold production (dore bar rather than button) would be even better!
If no early Xmas goodies, then I guess it'll be SGZzzzz and tipple!
A good weekend to all, R.

Welcome Jackskin to the magic roundabout! Worth reading here as much as buying the shares.

Thank you all those that contributed to the financial discussion since yesterday. The future sounds too depressing by half. Does anyone know any happy possibilities? SG seems to be a rare one!

10kj, you don't have to feel left out of malts in the South hams or Yorkshire:
https://www.tyndrumwhisky.com/

Bellers, the silver doesn't get much mention as relative to gold as the price is so much lower, but I understand it does contribute usefully to processing/purifying costs when separated either from the ~25% of Scottish gold or from the pyrite and galena concentrates.

Regards to all, R.

Oh dear! Another dose of Glen's musical insanity, Yayay on hedging bets, Bellers worrying about a god habit and Rosewall becoming more of a skinflint than BBB! Thank goodness for Eck on the jewelry and BP on the pictures..............at last and RM is, well.............., RM!
GLA, R.

Hi Yayay.
Our engineering sages think that much is yet to be done, suggesting patience. Stay in the fold a little longer for Miss Wymess's harmonium, dear friend. Sound familiar?
I'm out of contact isolation in rude health today! Celebrate with a glass of TG!!
Take care, R.

Samson and GH, thank you for your analysis and Eck, I have to agree, as like you, I wish SG would keep their targets for employees and report achievements promptly. I said in an earlier post to have winced when RG spoke of Phase 1 production in 3 months. Why make a rod for your own back when 'by Q2',2021' would have done. Tyndrum might yet get a 'beast from the east' and I'm not talking about Glen!
Regards to all, R.

BP, well spotted! that's everybody's kind of coverage!
Yayay, do read it!
Glen, get rocking!
Regards, R.

Yayay, one thing I forgot to say. You may not be a geologist or engineer as you say, but this BB is not only about SGZ, but also about those who come here, and you bring a wit, humour and literary invention That ranks above my dull endeavors.
Please stay, R.

Glen, you are one dyed in the wool, heavy metal rocker! When I can't dodge the box any more, I likely go out to:
https://www.youtube.com/watch?v=HtUH9z_Oey8
You can tell I'm a bit older than you!
Regards, R.

Yayay, you have not been rendered penniless by Satan's accusation as was Job, so why should ye turn away from the SG faith, the Reverend Grimm would ask? Beyond each mountain there is always another across another valley. You are just a blip in a continuum, but one that has progressed, however slow it may seem, or your resolve tire you of the AIM roulette wheel.

At least you are not in AYM where a few stalwarts have waited 30 years, yet even there stirs hope as ~25 years after the mine became derelict and ~15 years after they turned off the pumps. Yet another of several past assessments is expected to show increased resource based on a rehash of data over 25 years old and the SP has trebled in a month! Roulette is just not fair! Is it?

The underwhelming cusp of first gold production perhaps reflects upon the time we produced the first gold button in 2016 from what some termed a 'Mickey Mouse' BPT process plant. The SP is now just ~12p higher than then, so that is the value of the new process plant added, it could be argued. As production rises to phase two level and we become cash positive, is that not a huge upside to next summer??? The sun will bring out the best in us and SG.

Yayay, you are blighted by SAD (Seasonal Adversity Distress)! Time for vitamin D tablets! Quaff a glass of TG, take the terrier for a walk and view a better roundabout:
https://www.youtube.com/watch?v=c3DcChXNyYQ

Please do not forsake us. Champion the wonder horse to the rescue!

Regards, R.

Afternoon all.
Dreadful weather here and been pre-occupied with DIY and a family (not close) funeral.
For upside potential asked for earlier, I bwould mention at:

Cononish, I've been to the end of the 1km adit and can witness that the vein is open to the West. Previous drilling down has shown it open at depth and note from the fig1 of 28/09 exploration update (link given by ECK earlier), that strong Eastward extensions of ~1.5km are indicated. IMO overall, the potential to at least double the JORC reserves if proved by drilling.
Ben Udlaidh, fig2, the current~2.5km potential resource might be increased to ~3.5km by the outstanding ion-leach results to SW and NE, plus the infill on the SE flank may broaden the prospect.
Inverchorachan, fig3, the outstanding ion-leach results to the NE, crossing the River Fyne look likely to extend the high grades to over 2km along the line of the Tyndrum fault that you can perhaps infer from the gullet rising up the hill to the right of the river in the RH of the two pics tweeted by Scotgold on 06-12-2019 at:
https://twitter.com/scotgoldresltd/status/1202883896070823936
Further extension work is scheduled for next year and I've personally seen mineralization on the fault (though only pyrite and galena visible) at Merk Park ~3km to the SW of the area, so there's plenty of potential to go at for mines 2 and 3!

For any interested, Charlie King, one of our geologists will be giving a presentation to the Edinburgh Geological Society on 20-01-2021:
https://www.edinburghgeolsoc.org/lectures/#toggle-id-7

But that's in the coming years, so getting Cononish up to phase 1 and phase 2 are the key challenges for now.

For anyone is by now bored rigid with this post, for those interested in railways in the area, Channel 5 are tonight at 8pm, showing 'Walking Britain's Railways', featuring the Callander to Oban Railway that passes through the Tyndrum Low Level Station. Time I shut up!

A good week end to all here and mines a glass of TG, R.

Thank you Greenside, Samson and BP for your informative views today. Whilst there may be a feeling of being underwhelmed, there is the notable and rare achievement of SG meeting a publicized target, even if it was a marrow squeak or button. Hence I shivered a little when RG in interview expected to reach full output in 3 months. Targets are file for employees, but some caution such as 'by end Q2' would have been fine enough, but it will come and it's achievement that will likely relieve those concerned about the SP.
Best wishes to all, R.