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
SGZ Price at posting:
1.4¢ Sentiment: Buy Disclosure: Held
