The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares
Published 1970 days ago
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:
Published 702 days ago
We are yet to hear from Scotgold (SGZ) or, other than an acknowledgment of complaint, from regulators considering apparent deception of investors ahead of the £3 million 40p placing earlier this year either as a result of the dynamite leaked spreadsheets HERE or the allegation that investors were spoofed by fake news given to the BBC, HERE. But now enter stage left the environmentalists at Parks Watch Scotland flagging up another massive financial issue which also poses clear environmental threats.Published 639 days ago
I have noted before how one valiant reader complained to the wretched BBC about its coverage of Scotgold (SGZ) earlier this year ( January 30) – reports which were clearly false caused the share price to spike to 70p allowing a bailout placing at just 40p to go ahead. Amazingly the BBC has now formally accepted that it did mislead its viewers, thus costing many of them a good few quid. But it gets worse.Published 555 days ago
Its shares are suspended pending clarification but over at AIM listed Scotgold (SGZ), the worthless company promoted by BBC lies, things go from bad to worse and shareholders should brace themselves for a wipeout soon.Published 741 days ago
Scotgold (SGZ) claims that its directors emails have been hacked and that “specious emails sent in their names to numerous people.” The clear implication is that the email I published on Saturday, HERE, discussing administration and a cash crisis is bogus. It is not it is genuine. The "specious" emails referred to were, according to my source, sent to employees, not insolvency lawyers at Fox Williams. Even its death throes it seems ScotGold dissembles and, in mentioning the Police paints itself as the victim. It is not the victim shareholders are. The company is in its death throes because it has fessed to as much today causing the shares to, as I oft predicted they would, crash. Told y’all! What follows is grim.Published 704 days ago
Scotgold (SGZ) has yet to comment on THESE LEAKED SPREADSHEETS which suggest that it misled the market about output at Cononish in January ahead of a £3 million placing at 40p. But there is now worse evidence of what it was up to ahead of that placing. I refer to the BBC article about a new vein appearing at the mine which saw the shares puffed up to 70p. I had assumed that the BBC was flying solo in bumming its readers.Published 4056 days ago
Scotgold Resources (SGZ), the bombed-out AIM concern with ambitions to mine ‘Scottish’ gold and silver at Cononish in the West Grampian region, is overhauling its strategy. Nat Le Roux, former boss of the £2.4 billion spread-betting specialist IG Group, and two associates have put £1.1 million into its coffers. That should enable the company to proceed, at last, to develop the project, which it reckons holds at least 160,000 oz. After a series of daunting setbacks, Scotgold will present Le Roux and other investors with a fresh evaluation of the project in the second or third quarter of this year.
Published 807 days ago
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:Published 636 days ago
Oh dear, oh dear. Despite having raised £5 million so far this year, Scotgold (SGZ) today says it had just £620,000 cash as at June 30th and owes $500,000 with a fifth of that due as the first repayment due this week. This makes the #BBCScandal that the national broadcaster and protector of paedophiles told its viewers in late January that Scotgold had discovered new gold (when it hadn’t) to allow a pump and placing dump even more of a scandal. Today’s news is bleak.Published 4359 days ago
The history of Australian companies seeking a dual listing on AIM is not a happy one. With a vibrant mining sector in the land founded as a penal company, as a rule good companies have no need to travel to London to tap up British investors via the AIM cesspit.
Published 516 days ago
Oh dear, oh dear, pity all those deep fried Mars bar munching viewers of BBC Scotland and the rapidly dwindling band of listeners to Radio 4’s Today programme suckered into buying shares in Scotgold (SGZ) by its fake news. Pity all those Bulletin Board Morons who knew better than the Sheriff as I flagged up red flag after red flag and published damning internal emails sent to Winnileaks. My full, and excellent coverage is HERE. Today Scotgold has essentially admitted that the game is up.Published 573 days ago
Oh dear, oh dear, as the disgraced tipster Mike Walters would always say as yet another of his recommendations went horribly Pete Tong. I have warned and warned about Scotgold (SGZ) for eons, publishing leaked internal emails which showed how parlous its financial position was, something the company tried to brush off with dissembling releases. Well, today, I hear that the Fat Lady is in a taxi to Kings Cross and preparing to head north… the shares have been suspended.Published 703 days ago
I have dropped a note to my old pal, the bogus Sheriff of AIM, aka Mr. Marcus Stuttard, head of AIM Regulation, aka the Oxymorons. It seems to me that the BBC has dobbed in Scotgold (SGZ) for serving up a material untruth which saw the shares zooming to 70p to allow a £3 million placing at 40p to proceed. Either the BBC is lying or this is criminal deceit on the part of Scotgold. I have urged the Oxymorons to act…Published 716 days ago
Scotgold Resources (SGZ) the miner of jam tomorrow, oops I meant pitiful amounts of gold, has said that its move to long hole stoping may well produce more jam tomorrow but, pro tem, it is passing the hat around yet again at just 15p. For those falling for the spoofing c/o BBC Scotland and buying the shares at 44.5p just two months ago, this will be a painful lesson in getting bummed by fake news from Pravda.Published 4144 days ago
I approve of AIM companies doing rights issues rather than discounted placings to City insiders. But not when the company in question is, to use the technical term, fucked. That brings me to dual listed Scotgold (SGZ) which, I have noted before on this website, is a total POS.
Published 3720 days ago
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.
Published 3530 days ago
Scottish gold and silver play Scotgold Resources (SGZ) has welcomed a bankable feasibility report suggesting its flagship Cononish project in the Loch Lomond National Park could have a net present value of £23 million, with a potential internal rate of return of 45%. The company, whose chairman since March and 40% shareholder is Nat le Roux, onetime boss of financial derivatives and spread betting giant IG Group, believes the report, by Bara Consulting, ‘provides a very solid base for our ongoing discussions with potential project finance providers,’ according to chief executive Richard Gray, a former operations chief at Avocet Mining.
Published 511 days ago
Here are the most read and most listened-to articles and Bearcasts on ShareProphets over the past seven days. The most read non-Quiz, non-Tom article last week is by Steve Moore, TheWorks.co.uk plc – notes “sales growth” and medium and long-term “potential”…though what about the bottom-line currently?! at No 3 or No 10 including Bearcasts.
Published 3464 days ago
If you want me to analyse a stock for you just drop me a line at sqmir@hotmail.com - Today I look at shares in Amara Mining (AMA), Scotgold Resources (SGZ), Tyratech (TYRU) and setting share price targets for all three stocks
Published 538 days ago
On October 2nd the lead potential saviour investor in Scotgold (SGZ) walked away. But fear not, we are told today that there is another mug talking and that discussions are advanced. If this mug plays ball we are told that it will provide “sufficient funding for the Company to continue as a going concern.”. well sort of…
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