By Robert Tyerman | Tuesday 3 February 2015
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.
As foreshadowed here in November, Scotia Exploration & Mining is finalising details for a £2 million pre-float fund-raising attempt at 25p, ahead of a projected much larger AIM flotation at 125p or more to probe and tap gold deposits potentially stretching from the Southern Uplands of Scotland to the border area of Ireland. The Glasgow-based company, which aspires to rival and, if possible, overshadow present AIM Scottish gold play Scotgold (SGZ), is concentrating on prospects along the Orlock Bridge geological fault, which links the Leadhill gold deposits in southern Scotland with Co. Armagh, where another AIM counter Conroy Gold and Natural Resources (CGNR) has been spending years investigating and establishing gold projects.
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