Member Info for Rockhead

Hi Yayay.
The confidence shown by CP52 and shares bought by the Donaldsons is very promising for the 'two birds in the bush' IMO. My posted decision to take a +50% 'bird in the hand' was a personal one from a 'coffin-dodger!' Each to his own!
Regards, R.

Baz, try not to 'cherry-pick' the 'lemons' from posts. Look beyond the obvious conclusion and recognize possible alternatives as I tried to do in my post yesterday. Negative selection (the hallmark of a one-time Venetian), is as unhelpful as OTT euphoria. One step back perhaps, but we can probably look forward to two steps forward on the back of secure finance. So the ~20% blip on the SP may be a price worth paying.
Sorry if I made your heart skip a beat with my £10 SP gaff, but it may happen one day and then you can get back your 'sixpence' and off to Beni!
Regards, R.

Afternoon all on a dreary, wet day.
Hi Baz.
Thank you for your SP correction. Must have been wishful selection of an extra '0' by dodgy neurones!
Hi CP.
Perhaps 'Why that timing?' might have been a better question to pose. As per my own good and not so good trading timing, it seemed like a good idea at the time. Richard in his interview, set out the reasons for securing the funding so as not to have to wait to proceed to phase 2 production and keep new geos 'champing at the bit,' but though not stated, I suspect the risk of possible pandemic disruption to cash-flow was a factor in the timing. Whatever, with finance secured, we can again focus on upsides of the first pour and more exploration results promised. So one step back and now for two forward, as ever with mining.
Regards, R.

Hi Yayay.
Good to hear al is well in South Worcestershire. Interesting to hear of their equine friend of the BoD. It might also be interesting to hear of the horses that rode the SP Angel SGZ steeplechase!
Regards, R.

Well! Take a day out visiting the great grand-kids and the usual calm of this board has evaporated! I seem to recall from previous SG policy pronouncements that the plan was to finance phase 2 and exploration from phase 1 production profits, but all that seems to have changed in the blink of an eye! Has NLR become impatient to achieve his 'significant Scottish mining industry and get an honour for it?
Did SG not learn from their excellent timing of the raise just after the BPT !st gold pour in 2016 with an SP of ~£10 eq? Had they waited (IMO) until after the 1st production gold pour, then they might have achieved an SP of ~£2 and a placing ~£1.50. Hence some of the euphoria today seems a little OTT.
Perhaps I'm being a little churlish, as I sold out in 2016 for £10.04 eq, but last week did the unheard of action by me, of buying into a rising SGZ share and averaging up! It must have been the euphoria of my profit-taking by selling out of ERIS for +50%, LoL!
On thoughts, I might have seen this raise coming with the appointment of 2 new geos in August, who would of course want to make progress (that I've called for often) and need funds, plus the torrent of SG tweets and incentive shares for the contractor to achieve re-stated production start-up date. Such acceleration does not come without costs and hence need of funds PDQ!
One further thought that no-one has mentioned is the very real risk of possible disruption from the pandemic! Hopefully that can be avoided at SG, but delays are expensive and a bolster to finances so that phase 1 income is not the sole provider does make sense.
I've waffled enough! A good time to again look down the back of the sofa?
Regards to all, R.
PS. Morar, many happy returns!

Morning all.
The sun has just come out in God's own county, birds feeding on the bird-table and small investors seem to be topping up with crumbs left from topmost and lowest branches of yesterday's pump and tree-shake. Miss Wemyss might be consoled with the hope that SG might soon be inspired by our feathered friends to give us a timely tweet and that the sun make the grass grow for Champion to munch and Bellers to mow come Monday. Then we can celebrate with a glass of Irn Bru!
A good weekend to all, R.

Seems to have settled now. Roulette wheel finishing early today, so since I junked my tiny punt in ERIS this morning for a decent 'bird in the hand', it seemed a bit impolite not to soften the sofa a tad for SGZ! Is the grass growing Bellers?
GLA, R.

Correction, mis-read the time, so that trade was late reported and could have been a profit-taker.

Glen, it must be Bellers' absence and your back to blame! LoL! More likely MMs' pump and dump and hit a few stop-losses. Someone gratefully threw £21k at the dip! Not me, I've only got a little sofa!
Regards to all, R.

Hi Morar.
Yep! Walking back down a bit, but hey! Our guiding star will also be out walking on Friday, so down the back of the sofa before a mighty mowing Monday! Onwards and upwards!
Regards, R.

Well done Bellers, but could you mot have posted a little before you'd finished mowing? You might have boosted the prospects of a new harmonium by 2p a share!

You couldn't make it up! LSE has just bowdlerized the name of a Lincolnshire steelmaking town! Damn PC algorithm!

Bellers, give yourself a break! Buy some sheep instead, but not until next year!
Happy mowing, R.

Hi RM.
The new Woodhouse Coal mine in East Cumbria will provide UK jobs and a UK source of coking coal for steelmaking (not electricity) at S****horpe, Port Talbot and EU, with a smaller carbon footprint than importing it from Australia, Russia, Columbia or South Africa. The protesters only have a case when or if someone comes up with a viable alternative to carbon to separate iron from iron ore or replace use of steel with what? It may even encourage NAE to pursue their similar Lochinver prospect in Yayay's back yard!
https://www.nae.net.au/projects/lochinvar/
Developing carbon capture might even make steelmaking almost 'green!'
Regards, R.

Thanks to Carliol, we now know why we don't see some trades, but despite putting off the optician, judging by the repetition in my last post, a visit to the doc. might be in order. LoL! With immaculate timing, I've just had a text from him asking me to have a routine blood test! Dooooh!

Morning Morar.
Indeed if I were younger or even less cursed with arthritis, I'd volunteer to help the exploration effort for the fun of it! Alas, I live at some distance, being away from our lass would be hard and covid caps the lot, so I must be content with following developments as an armchair geo. I'll hope for the chance of a mine visit next year as the 1st production pour will likely be limited numbers. Anyway, can't win them all, but at least we both made it to the BPT and my good lady got a ring from the first BPT jewelry batch. My trade lost in cyber space and and the Sher Lock
Keepers daughter has not reported it floating in a canal!
Regards, R.
Regards, R.

Small boosts of encouragement to the SP might also come from the outstanding soil sampling areas at Beinn Udlaidh and inverchorachan, plus the drainage surveys in 10 of SG's 13 options as mentioned in the last exploration RNS. They may take a while for the lab and geos to crunch the data, but will likely get us update(s) in Q4.
Regards, R.

Hi Glen and Morar. I'll join you both at Specsavers!
Hi Yayay, can you be the Sher Lock Keeper's daughter and find my missing trade?
It's likely been flushed down the LSe loo or AIM canal to South Worcestershire! LoL!
Regards to all, R.

Morning all.
Interesting that yesterday's large late trades perhaps diverted attention from my 16.28 tiny top-up that seems to have been overlooked on both markets and not appeared at all! AIM or LSE I suppose?
GLA, R.

Thanks, R.