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AIM Cesspit critical ward - Scotgold update

Tom Winnifrith
Tuesday 28 May 2013

It is less than four weeks ago when I highlighted the tale of woe at AIM Cesspit listed Scotgold (SGZ) with the shares then at 1.625p. I note that the shares are now quoted at 1p-1.5p so I guess things are not looking up for this dual listed POS Company. But it will get worse.

If you remember this company came to AIM in 2008 and its Aussie management team happily plundered almost half a million quid in fees last year. It has its sole asset, a Scottish gold mine, on a care and maintenance basis as it cannot get funding to develop it. Quelle Surprise.

 

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About Tom Winnifrith
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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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