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.
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.
The email below, apparently from a senior staffer at Scotgold (SGZ) to lawyers at Fox Williams, presumably Richie Clark and Paul Taylor (Partners) or Paul Osborne (Senior Partner), appears to show that the company, which only raised £3 million just the other day, is in a right old financial mess and is preparing for administration. Either its real or its fake, but its “doing the rounds” so one way or another ScotGold, a perma dog IMHO, needs to issue an RNS first thing Monday AM.
I wonder if BBC journalist David Henderson, Pravda’s business correspondent in the second world post industrial transgender friendly shithole that is Scotland, feels any guilt about losing folks stacks of cash by publishing fake news? Ahead of a ramptastic and wholly fictitious article about Scotgold (SGZ), an AIM listed company teetering on a financial precipice the shares traded at 44.5p. Then Henderson published as you can see HERE.
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.
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:
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?
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.
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:
