SGZ scotgold resources limited

shares magazine

  1. 364 Posts.
    From article in Shares Magazine titled Dig for Victory.
    A revival is underway in England , Wales and Scotland-based natural resources exploration
    giving investors a chance to back homegrown mining stories.

    Couldn't cut and paste, so old fashioned way again.

    There is a picture at the bottom of the article on page 22 , which shows a piece of our recent drill core containing visible gold .

    Only copied the Scotgold article , there is 7 pages on mining in the UK

    SCOTGOLD ( SGZ:AIM ) 4.38P + SPECULATIVE BUY

    After originally being denied planning permission for it's Cononish project in Tyndrum in August 2010 , the £8.6 million cap's appeal proces was well documented by the media including a BBC programme on the subject . SCOTGOLD ( SGZ: AIM ) revised it's plans and secured a recommendation on 13th October 2011 in favour of the developing mine from the planning department. Investors had been buying the stock from september 2011 in the view it would get the green light and this was a good call as planning permission was finally greanted on 25th October 2011. Anyone buying in the month before the decision would have doubled there money. Alas the shares peaked at 7.375p on the day of the planning permission and have since crept back to rest at 4.38p. There are a series of near term catalysts which may revive the share price. A new round of drilling results is expected later this month. This will be followed by updated resource and cost estimates. Conformation RMB is happy to provide money to build the mine would also be positive for the share price. Scotgold hopes to start construction by April 2013 and have first gold production in early 2014 . It has a licence to operate Cononish for 10 years so there is no point doing any further exploration on the project as it already has adequate resources. The strategic plan for the company will therefore be to get Cononish into production and generate cash to help fund exploration on its wealth of additional prospects in Scotland . Scotgold hopes to find a series of projects similar in size to Cononish . It has already discovered platinum on one of its other prospects.
 
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Currently unlisted public company.

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