SGZ scotgold resources limited

Some posters on iii started a thread with I had a dream , this...

  1. 364 Posts.
    Some posters on iii started a thread with I had a dream , this was my reply !
    Excuse the OZ punts.

    Boys and girls ,
    If your having a dream its got to be a good one !
    Imagine that most of our licence area is very highly prospective and that there is a very extremely high probability that we will have several Cononish style deposits within that licence area and that a world renowned geologist has viewed all the drill results and the extensive stream sediment sampling and the rock chip sampling from all over our licence area and has confirmed that and imagine that our CEO has said there may be an elephant in the room ( don't imagine , said already) and then ask yourself at 1p is it worth a punt .

    Then the alarm sounds, sugar it was going so well !

    Back to reality ;
    Director selling , same guy that wanted to throw the towel in after the first planning vote which we lost 12-10 !
    Guess what we won the next one 17- 0

    Gold price dips severely just as we are going to the market, guess what same director runs for the hills , sell sell sell . Now some would call him a spineless git but not me, I just think he's a stupid spineless git and that he was going to leave anyway to pursue other interests that are not on the other side of the world to him , just my opinion !

    Then there is the other OZ director who first sold just before our AGM in October 2012 which killed off any rise from what was great infill drilling results and then the same director followed that up by selling again , it must be an OZ thing . I called for his ousting and even offered to buy his remaining shares , he agreed not to sell anymore shares and confirmed that his sale was part of a long standing arrangement that he had with the spineless one and that he had received no money from the sale ( the first sale was to cover his expenditure on his lavish new home )

    Throw it all together :
    Director selling and leaving
    Director selling twice
    Gold price dropping
    Company defers raising funds
    We are where we are ! 1p

    This isn't a dream it is real and before the alarm sounded it was great. Take away the spineless ones from OZ and ask yourself are the economics of this project good or not at $1300 or less , how many projects are there in a stable environment with such low costs and such high grades and such huge potential ?
    Yeh ,yeh,yeh no UK bank will lend , no UK bank has a mining department hence RMB .

    Research Research ,
    In deep and happy to be so !
    GLA
 
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