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ScotGold: What is it with the BBC and ramping shares in shite, almost insolvent, miners from the Celtic Fringe with fake news?

First it was Anglesey Mining (AYM) which is in desperate need of a bailout placing and where the BBC rode to the rescue with some ramping based on fake news about its hole in the ground in Ynys Mon as I showed HERE. Now it is Scotgold (SGZ) which, as I demonstrated HERE, is now only heavily in debt but has run out of – other folks cash following FALLING production and so needs its own a bailout ASAP. Time for the BBC doing its bit of fake news PR.

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Scotgold – it gets worse! A reader writes…

I gave Scotgold (SGZ) a good kicking yesterday and anyone who holds the stock is either a total moron or a saltire waving, heroin addicted uber nationalist. Or both. But I am not an expert here, a reader writes with a few more observations including shocking new allegations of law breaking. Over to the real expert who writes:

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ScotGold – buried in today’s news is a cash crisis, hence current valuation insane

Scotgold (SGZ) has today served up a trading statement where the bad news is buried in a place nobody is meant to spot. One imagines that the only folks holding this stock are patriotic Saltire waving heroin addicts yakking on about how women with penises should be allowed to go into women’s prisons and share a changing room with your 13 year old daughter. Maybe our heavily subsidised friends in Scotland have not noticed the elephant in the room or maybe economics is not their strongest subject?

NEWSFLOW

Scotgold (#SGZ) – September update, “production revenues exceeded operational costs”… so still overall loss then

NEWSFLOW

Scotgold Resources (#SGZ) – operational update, but no current year gold production estimate

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Siri: Show me an interviewer who makes Justin the Clown seem like Jeremy Paxman – ref Scotgold & Katie Pilbeam

Companies like Scotgold (SGZ) pay Proactive to record soft interviews and so anyone engaged in this process is part of a bent and corrupt bastard child of journalism. This is PR dressed up as reporting. I have seen some rotten Proactive blow-offs in my time but today’s effort from Katie Pilbeam on Scotgold is the worst ever. She makes Justin the Clown look like Jeremy Paxman in his prime. Watch and cringe. It is so bad it is actually truly enjoyable, you really will laugh out loud.

NEWSFLOW

Scotgold Resources (#SGZ) – £1.5m placing at 70p per share as mine development impacted

NEWSFLOW

Scotgold Resources (#SGZ) – £3m placing at 110p per share

NEWSFLOW

Scotgold Resources (#SGZ) – “clarification… concerning the cost of its exploration programme and the company's funding situation”

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BREAKING: Has Scotgold Resources misled investors on an industrial scale?

I have never been a fan of this dog from the AIM Casino kennels as my scathing coverage on this website demonstrates. But now a shareholder appears to show that Scotgold Resources (SGZ) has committed market abuse. I'd go further, I believe that it has deceived investors on an industrial scale as to its cash needs, ahead of an equity refinancing. After publication of the company's annual report the shareholder has written to regulators flagging up the issue. I will now be contacting regulators and also the company's shameless and disgraced Nomad SP Angel of MySquar and BlueJay Mining infamy, to pursue this matter. The shareholder, Mr C, writes: