New South African majority owner of the #Scotgold/#SGZ mine, Acrux Sorting Technology says creditors will get paid (but shareholders f*cked, natch):
https://t.co/xpJDH27PGa
@GrahamScotgold Who can believe anything put out by @Scotgold after all the fake news? After classic fiascos like the "first #Scotgold gold pour" and the "confirmed new gold vein discovery at Cononish", the #SGZ propaganda unit is wasting its time.
$LGP SP has now dropped below $0.40 so shouldn't @ELIXXERltd $ELXR $LG.V #ELXR give the market an update on its investments? Or do they only update when the SP goes up? Presumably, it's Elixxer doing the dumping.
Another epic fail for GOAT pumper @DavidLenigas as @ELIXXERltd $ELXR $LG.V #ELXR dump Viridi stake for CAN $1m. #Lenigas paid $4m for it (including share of losses). More to come as Zalt continues to divest crap assets/Lenigas turds.
@lautorite - allegedly now showing "significant growth", Evolution BNK's Facebook page is unchanged since Sept 2018, last Instagram post was April 2020 and Twitter feed has been idle since March 2018. Nor can yesterday's $ELXR $LG.V ops update be found on Evolution's website.
@lautorite - Isn't it insider trading by $ELXR $LG.V to issue an allegedly upbeat operational update for Evolution BNK (the first update for several years) only a couple of days after buying back 20m shares at rock-bottom price? #roguesgallery
Funny quote from Zalt with $ELXR $LG.V 100-1 stock split looming tomorrow: "shares undervalued and I'm concerned about hostile bids for our steeply discounted assets". Stock hasn't risen above $0.02 for a whole year pal - the market valuation is real. Try explaining the discount.
Canopy Growth $WEED takes a hit to exit Germanyโฆreports the ever reliable https://t.co/1WgadMf5vh. Doesn't bode well for profit margins in Germany so maybe $LGP $LGP should turn around before its SP drops any further.
$ELXR $LG's main asset (possibly only asset) is dwindling away over past 6 months. $LGP has now broken down below AUS$0.60 - presumably as Mr Market twigs that the reported "profit" isn't real while big players rush to exit Germany.
$SGZ #SGZ FY results high on hype and low on performance metrics - and this outfit never delivers on the hype. Refinancing - or worse - surely coming in Q1 2022 but I can't see this grim report helping.
The $SGZ #SGZ SP is dropping like a stone now. There must be more to this than the bad sentiment caused by the loss of monthly updates and the company's continuing/never-ending failure to deliver what it promised. Why did NLR step back? Is he about to take SGZ private?
$ELXR $LG.V dump another 2.7m $LGP shares (holding now down to 10% from 44%) so either short of cash or bad news at LGP. Wonder why they still hold 1.3m in an HSBC nominee account in Australia?
https://t.co/zXztDIv4zN
Gone: $SGZ #SGZ founding chairman, Nat Le Roux; CEO, Richard Gray; Group Operations Manager, Jason Saint (allegedly dumping his shares)โฆ There's a message in those tea leaves as Scotgold moves on to lower grade ore, under-performing plant, zero profit, more cash callsโฆ
However $SGZ #SGZ choose to spin it, Nat Le Roux stepping down as Chairman is a dark omen, signalling either the start of a gradual total withdrawal and/or an imminent major restructuring. The fun begins when the remaining stockpile of high grade ore has been processed.
$SGZ #SGZ downgraded 2021 gold production guidance to 7000-7900oz. With Septemberโs record output of only 580oz AU from high grade ore and with Q4 focus switching to lower grades, they will come up maybe 50% short of target. With FY results due Nov, expect grim new guidance soon.
@proactive_UK @scotgoldresltd Another 20% still would leave $SGZ #SGZ well short of their 1,000 oz/m target so more answers needed.
And the main reason Sept was 24% ahead of Aug was that the plant was shut down for 6 days in Aug.
It's a big worry that they choose now to kill monthly updates (on lower grades).
#USOP $USOP look to be on their death bed at last. And Asset Match have closed down the share trading facility. Don't say you weren't warned about wee Brian. #RIP#USCWAP#H2O#shitcreekvalley
https://t.co/cj32swmIim