UK 20:32 Saturday, 24 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
A 201% increase in AIM-quoted Scotgold (SGZ)’s formal measured and indicated gold resource at Cononish in north-east Scotland’s Grampian Highlands, combined with a new mining plan for the project, has not impressed the stockmarket much, but chief executive Richard Gray suggests its prospects could now be transformed. He argues the new, confidently categorised 248,000-oz. resource, with an average grade up 9% to a robust 14.3 grammes of gold per tonne of ore, should make it easier to finance the project, three years after a previous tempt to launch it came to nothing.
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Comments
martin ashworth
This is a tiny deposit in a very beautiful part of Scotland. It will never be commercially viable & will just pour investors money down the pan. it is simply too small & would need gold to be $2000/oz to have even half a chance of making money for shareholders. Why not leave that beautiful part of Scotland as a beautiful part of Scotland and not bugger it up with all the detritus of mining ? After all, there are plenty of huge commercial gold deposits elsewhere in the world.(like the featureless Australian desert for example !)
wildrides
201% of nowt is still next to nowt . You might as well piss into the wind as invest in this tiddly find . When they have a million oz measured wake me up from my slumber .
Stick your money in Amara or Ariana or consult with Van Goddess . She knows a stonker that is going up steeply …………. mums the word or you wont get in at sensible money .