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The Fat Lady sings the ShareProphets National Anthem in Jockland: more Metaxa for the Sheriff

By Tom Winnifrith | Friday 1 March 2024

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.

I warned folks time and time again that Scotgold (SGZ) would end in tears. The fundamental problem I identified early on was that its thin vein gold mine at Coninish was just a piss poor asset. That meant Scotgold kept on running out of cash and so to get placings away it both appealed to the sort of petty and sentimental Nationalism that is rife in the land of the deep-fried mars bar but also engaged in promotional activity that was a disgrace.
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