RE: Scotgold Mine14 Jul 2021 17:48
Yes, the TV series has already been watched by many.
Scotgold investors where very excited thinking the TV series would provide massive interest and a big rise in share price when they found out filming was taking place. By march, when the series was first shown, the cat was out the bag, Scotgold had made an almighty mess of things, and the TV series did nothing to lift the share price as it did not inspire confidence.
CEO Richard Gray had already "stood down" at end of FEB 2021 before the show was shown.
Scotgold was flying up to October 2020, they had promised great things and gave the impression everything was perfect.
The first gold pour with all the bells and whistles was promised on St Andrews day, with production starting soon after bringing in cash flow. On October the 9th 2020 the share price was £1.50, they then announced a placing of shares to raise 3 million (£1.10p a share) this crashed the price to around £1.20 on this news. The gold poor happened on St Andrews day as promised, 1oz....yes 1oz, with no publicity to speak of. Then the rest of the news came out over time, basically they could not hit the projected figures, things had not been going to plan, and the CEO"stood down" now the share price around 60p.
Scotgold are an example of making production promises, deadlines that they could not keep, and with the gold pour they made the deadline, but should have waited on that one until they had more than an ounce of gold to show. They are recovering now...but boy did they mess it up.