2020-10-12

Scotgold Dips

They're close to first pour, but announced a raise to double their production capacity. On the daily chart, it looks like a good spot for buying a dip. The monthly chart shows a deeper dip could follow.

Scotsman: Scotgold just weeks away from first gold pour at Cononish mine in Trossachs park

The stock market-listed firm said it had raised £3 million before expenses by way of a share placing.

It will use the cash injection to accelerate plans to double production at the Cononish gold and silver mine, which is on course to become Scotland’s first commercial gold mine by the end of November. Funds will also be used to increase exploration activities during 2021.

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