SGZ scotgold resources limited

Coming back down

  1. 364 Posts.
    Just my view.
    Even after two very good RNS's we where always destined for a retrace .
    194,965,196 where issued to eligible shareholders at 0.33p from the last Rights issue in November 2014.
    117,186,424 where taken up by directors and major shareholders , leaving 77,778,772 with PI's
    The temptation of 4x+ their money proved to much for some LT holders and the day traders 10%+ profit taking or loss as the case may be for some and the usual MM's games and we are here !
    Where we are now is a much better place than this time last year !
    We have a very well connected , experienced director behind us who is not afraid to put his hand in his pocket .
    A new MRE with a vastly increased resource ( not surprised ) with higher grades which will lead to lower costs , lower than our already low £ 360 production costs .
    Extended planning permission with an even more efficient 24/6 Processing Plant .
    Our debt to RMB has been paid back , allowing us to seek Finance as we see fit .
    Premium on our Scottish Gold
    40% share of the company marketing the Scottish Gold .
    So many other potential targets all with double figure drill results.
    An extensive stream sediment and rock chip sampling programme over the local area which includes results of over 1240g/t au Rock chip samples.
    The future is coming , Cononish is just the beginning .
    GLA , DYOR
 
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