ScotGold

32 days ago

Tom Winnifrith Bearcast: two minor triumphs but trouble at Wrexham Police station

I start with the trouble at the cop shop and my in-laws. Then it is onto Technology Minerals (TM1), Scotgold (SGZ), Victoria (VCP), United Oil & Gas (UOG), Wildcat Petroleum (WCAT), and La Willingham’s Nightcap (NGHT).

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51 days ago

Tom Winnifrith Bearcast: Ben's Creek pregnant with a profits warning and a financing crisis

In today’s Bearcast I cover Predator Oil & Gas (PRD), Ben’s Creek (BEN), NightCap (NGHT), Naked Wine (WINE), WeWork, Scotgold (SGZ) and Actual Experience (ACT).

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51 days ago

BREAKING: Yet More ouzo for the Sheriff! The Fat Lady is heading to Jockland for a gig at Scotgold

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.

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80 days ago

ScotGold – The Fat Lady should not cancel her open ticket to Jockland

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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121 days ago

Scotgold: oh dear, oh dear – things are getting desperate, the Fat Lady should consider heading to Jockland

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.

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141 days ago

Lashings of ouzo on my cornflakes, ScotGold suspended, the Fat Lady is boarding a train to Jockland

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.

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253 days ago

Tom Winnifrith Bearcast - Totally unimpressed & also trying a new ice cream recipe

I am not sure about the home made honey ice cream, I shall report back tomorrow. Meanwhile I discuss Mirriad (MIRI), Canadian Overseas Petroleum (COPL), valuing oil E&P plays, Zephyr Energy (ZPHR), today’s ouzo moment with Scotgold (SGZ), target price 0p and a full investigation by AIM regulation and the FCA, and Totally (TLY

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255 days ago

Promised You a Miracle. Only Simple Minds believed that: Fat Lady looking at gig with Scotgold

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.

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255 days ago

BREAKING: The BBC fesses up to misleading over Scotgold pump and dump now AIM Regulation needs to step in

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.

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309 days ago

Tom Winnifrith Bearcast: If you don't want me to talk about Brokerman Dan's underpants...

You know what to do HERE. After discussing that subject linked to sock wearing techniques on long walks, I look at Wood Group (WG), Scotgold (SGZ), Eurasia Mining (EUA), Pembridge (PERE) and at the wise words from that clever fellow Evil Banksta which convince me  after yesterday’s bearcast HERE  that Tullow (TLW) is in fact a stonking short. Sorry Malcolm.

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316 days ago

Tom Winnifrith Bearcast: I was wrong, PL is right, should you fill your boots with Fox on Tuesday

To be fair, I was urging folks to buy shares in Fox Marble (FOX) last week but it seems I was a bit wrong about the maths and our in-house BB savant PL was right. Does that make Fox a raging FYB buy on Tuesday? I then look at ScotGold (SGZ) and yet another scandal and finally at Flip Flop’s Kavango Resources (KAV) as per my earlier piece HERE. Tomorrow I really am on a training walk so please, as I aim to do 15 miles, consider a donation to Rogue Bloggers for Woodlarks HERE

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317 days ago

BREAKING: Scotgold – Now the Tree Huggers go on the attack flagging up environmental and financial risks of non-compliance with Restoration Bonds

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.

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323 days ago

BREAKING: The BBC admits the sordid truth about Scotgold’s pre placing ramp, surely this makes Scotgold's action criminal?

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.

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326 days ago

Tom Winnifrith Bearcast: The 2 Sheriffs of AIM head to head on ScotGold — sadly it's the bogus one in charge of regulation

In a long podcast today I consider: Alien Metals (UFO), Supply@ME Capital (FRAUD), ScotGold (SGZ), Itsarm (ITS), Versarien (VRS), Microsaic (MSYS), Cellular Goods (CBX), Persimmon (PSN) as a buy and the pathetic bogus Sheriff of AIM, Mr Marcus Stuttard.

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333 days ago

BREAKING: I am sure that Scotgold didn’t lie in its RNS but these spreadsheets look awfully genuine to me

It is listed on the AIM sewer so Scotgold (SGZ) cannot have told porkies in its Q4 trading update published on January 19 2023. However…..

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351 days ago

Tom Winnifrith Bearcast - hemmed in by horse manure at the Greek Hovel

My late father, whose birthday it would have been today, would have enjoyed this tale of life in Greece and also the idea of his grandson torturing his father by demanding a swim in a pool which would make Penguins freeze to death. After that I cover Tingo Group Inc (US:TIO) – which is shortable and should be shorted not least because of the social media posting below from Lyin’ Chris Cleverly – Genflow Biosciences (GENF) and Scotgold (SGZ

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367 days ago

Tom Winnifrith Bearcast: six little small cap piggies

I end with a discussion about myself, Andrew Bell, his imaginary marathon running g/f and Cheryl - please donate to Rogue Bloggers for Woodlarks HERE. Before that I look at six piggies filling me with despair, are there no rules or basic morals at all any more: Braveheart (BRH), Nanoco (NANO), Caracal Gold (GCAT), Wildcat Petroleum (WCAT), ScotGold (SGZ) and Andrew Monk’s VSA Capital (VSA). Has Andrew told anyone today that he went to Oriel College Oxford?

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367 days ago

ScotGold misleads on (genuine) leaked email warning of cash crisis…but warns of cash crisis

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.

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369 days ago

BREAKING: Is this email genuine? Is Scotgold preparing for administration?

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. 

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410 days ago

Tom Winnifrith Bearcast: a buy idea with 20% total return target + what would Ben Turney v1 make of Ben Turney v2 after Friday's nonsense?

In today’s podcast I look at Afentra (AET) and Gary Newman’s patience with obvious cretins, ScotGold (SGZ), Chill Brands (CHLL), Guild ESports (GILD), Genedrive (GDR) – a £62 million short – Kavango Resources (KAV) and BAT Industries (BATS).

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410 days ago

The BBC bums its readers with the fake news pump that got Scotgold’s bailout placing away

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.

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417 days ago

ScotGold: What is it with the BBC and ramping shares in shite, almost insolvent, miners from the Celtic Fringe with fake news?

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.

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421 days ago

Scotgold – it gets worse! A reader writes…

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:

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421 days ago

ScotGold – buried in today’s news is a cash crisis, hence current valuation insane

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?

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1064 days ago

I am becoming addicted to watching Katie from Proactive: comedy gold as she interviews Neill Ricketts

This is like admitting that I have a secret habit of watching old episodes of the Dick Emery show. I might accept that what I watch is utter rubbish, that I learn nothing from it at all and that I really should not admit it in polite society but what the hell, I am becoming addicted to Proactive’s new interviewer Katie Pilbeam whose “good news as the shares crashed” special with ScotGold (SGZ))I flagged up yesterday. Katie, Ooh, you are awful … but I like you!. Now she has recorded a 5 minute special with loathsome Neill Ricketts of Versarien (VRS) as you can see below.

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1064 days ago

Siri: Show me an interviewer who makes Justin the Clown seem like Jeremy Paxman – ref Scotgold & Katie Pilbeam

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 lke Jeremy Paxman in his prime. Watch and cringe. It is so bad it is actually truly enjoyable, you really will laugh out loud.

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1066 days ago

Tom Winnifrith Bearcast: 3 stockmarket disgraces and Bob Monkhouse and the funniest joke ever

Talking of disgraces, 96% of listeners have yet to donate to Rogue Bloggers for Woodlarks, please do so today HERE. I have a message from Nick Richards for the 4% who have been generous. The stockmarket disgraces I cover are the fraud Zoetic (ZOE), Anemoi (AMOI) and Abingdon Heath (ABDX) – where there really must be a Steward’s on its Christmas IPO, which I panned at the time. I also look at Scotgold (SGZ) and discuss why Andrew Monk called SUPP/WPCT so badly wrong.

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2142 days ago

Tom Winnifrith Bearcast: can I divorce the Mrs for not knowing who David Moyes is? And when is Sound out of cash?

"So who is this David Moyes?" Asked the Mrs after I said that he had been sacked. Surely not knowing who is the (now ex) manager of West Ham is grounds for divorce or at least a trip to Relate?  I ponder what as a Republican I should do tomorrow before hoping that both sides lose the FA Cup Final. Then I turn to the looming cash crisis at Sound Energy (SOU) how my most excellent broker, Mr Antony Laiker, stopped me being a real tit and losing a packet on Interquest (ITQ), at Scotgold (SGZ) and at Carpetright (CPR).

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2631 days ago

Tom Winnifrith Bearcast: the Delivery Man says he's a keen reader - he's also a fan of Big Dave Lenigas

And so the guy delivering a package for next door said "Hello Tom". He is a keen reader and owns shares in UK Oil & Gas (UKOG), ScotGold (SGZ) and Xtract Resources (XTR). He must be a big fan of Big Dave Lenigas as well. It was a good chat. In this podcast I look at how quickly sentiment can change ref Nostra Terra (NTOG) and Optibiotix (OPTI). I cover Iofina (IOF) and Strat Aero (AERO) and reflect on how the curse of the Sheriff of AIM has fallen on Dolphin Capital (DCI). It took a while!

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2792 days ago

Tom Winnifrith Bearcast: Nightmares arrive in threes: The Mother in law at 5 PM, Avanti and African Potash

Oakley and I are bracing ourselves for the arrival of the mother in law. Wish us luck. At least I can flee to Shipston tomorrow, my poor cat is trapped with his Pokemon. Then I look at Avanti Communications (AVN) where the shares are surging on the back of an FT report - is this bogus? I look at Messaging International (MES) where I am not interested even after the fall, Magnolia Petroleum (MAGP) and a sector read across from the dire news earlier (HERE), Scotgold (SGZ), Johnston Press (JPR) and then do some detailed maths on African Potash (AFPO) and the loan from the FD's wife which could kill it stone dead on September 1.

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3228 days ago

Tom Winnifrith Bearcast 26 May - a short edition

Ok rabble, it is the last day in Greece with the Mrs. She flies home to her true love (Oakley, the morbidly obese three legged cat) later and so this is just a short message on a day when the stockmarket is showing signs of true madness. Should we all give up being value investors and buy any old rubbish and go with the flow? No. It will end in tears. Inter alia I refer to Coms, Daniel Stewart, Scotgold, Kea Petroleum and the China bubble.

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3771 days ago

Scotgold Resources – Rights Issue: Give it a miss this is a joke

I approve of AIM Cesspit listed 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.

Last week with the shares at c1p it announced a 3 for rights issue at 0.5 cents (0.28p) per share. The fact that this company is doing a rights issue not a placing is nothing to do with its hopeless directors believing in shareholder democracy but everything to do with the fact that City punters just will not play ball. That is because ScotGold is fucked.

The company owes £1.5 million to a bank (RMB) that was mad enough to lend to a pre-production company. It has said that it may roll that loan (due for repayment before Christmas) over as long as 

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3957 days ago

AIM Cesspit critical ward - Scotgold update

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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3985 days ago

AIM Cesspit - is Scotgold toast?

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. And so that brings us nicely to Scotgold (SGZ).

In the year to June 30th 2012 its five man board (with just 2 executive directors) cost shareholders (in remuneration only) A$640,000 – let’s call that £430,000. That was an increase on 2011. What an annual report does not disclose is the expense claims submitted by directors. But one always suspects that this will add a few bob to the outflow. This company has been kicking around as Scotgold since May 2008 and so lucky shareholders have – over that years funded the board to the tune of, shall we say £2 million.  Revenues to date? Natch. Nil.  This is a gold development company and as we know – and here I quote the Scotgold annual report: “The company’s aim is to remunerate at a level that will attract and retain high-calibre Directors and employees. Company officers and Directors are remunerated to a level consistent with size of the Company.”

Sure, so what value have these high calibre men (including a company secretary who has 2 other full time positions but still extracted A$166,000 in fees from Scotgold last year) delivered for shareholders? Aha. Oh Dear.

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