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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Golden Saint | GSR | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.018 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.018 | 0.018 |
| Top Posts |
|---|
Posted at 15/11/2018 08:32 by the foxthe fox Golden Saint Technologies releases its prospectus ahead of the listing London Stock Exchange confirmed on 22 November. More information on our investor page: hxxps://goldensaint. |
Posted at 21/9/2018 08:11 by the foxthe fox Golden Saint Technology (GST) is launching its new website today www.goldensaint.com LIVE 5pm UK TIME. Check it out! Look foward to updating investors on our LSE listing. For your information, we are shutting down www.goldensaintresou |
Posted at 03/7/2018 09:52 by the foxthe fox Investor Presentation, July 19 hxxps://www.eventbri |
Posted at 15/2/2017 11:26 by 1realist Could go bust very, very soon.No money and no prospects of revenue anytime soon. It costs $40k per year for an alluvial export license, plus various percentage royalties to the government for each export. There is no point GSR paying the export license fee until they have at least 4000 carats per year to export. But in all the years GSR have been going they have only found about 10% of that, with this year's finds being particularly pitiful.To cap it all off, the management and PR have demonstrated incredible naivety and deceit. The only possible saving grace for shareholders is that someone has successfully sued the old GSR management for their deceitful conduct. With the way the current management continually try to pull the wool over the eyes of investors, any shareholders left in when this inevitably goes bust might also have a case.Heaven only knows what the nomad is doing here. |
Posted at 24/1/2017 09:42 by 1realist At this rate they will get through about 1000 tonnes of gravel at Baja this dry season. 2 million tonnes at 1000 tonnes per year is 2000 years.It doesn't really matter though. Either way it's not a viable resource.It's alluvial deposits over a huge area to a tiny depth. It's impossible to define reliably as a resource because you can't drill it and alluvial deposits are not uniform, so rates vary from one spot to the next.If you can't define it reliably as an economic resource, then you can't get funding to mine it, other than through placings. So the only way GSR could mine it long term is if they can do it at a profit from the start.This dry season they are finding tiny diamonds at less that 3 cpht at Baja. Their whole find by the end of this dry season will be worth no more than a couple of grand. They would generate about 0.1% of the revenue they need just to break even. Not even close I'm afraid.They have employed geologists to look at the ground to tell them how shambolic their operations are. They could do with employing a historian to tell them how shambolic their whole strategy is.The only future for diamonds in Sierra Leone is underground, primary source. The alluvial deposits have been picked over for decades, and on a massive scale during the civil war. Over a decade of war was funded by the alluvial diamonds. There is very little left now. The rivers have already been dredged as well.www.bbc.co.uk/n |
Posted at 29/11/2016 09:42 by 1realist The lying ex-CEO said 300 carats / month would lead to self-sufficiency. But he has been sued for duping investors with such comments, and everyone knows what a complete disaster his plan to cut and sell diamonds through an exclusive club has been.The only way to get any sustainable revenue would be to sell them rough.So how many will they really need to find just to break even on running costs of $150000 / month? Answer: 1200 carats / month absolute minimum, especially when washing in the dry season.Carats x price per carat - royalties.1200 x 150 - 20% = 150000.The gold is nothing more than a red herring. They sold a few grands worth ages ago, but then got a fine soon after. You're not allowed to just sell your alluvial finds locally without paying the proper royalties and taxes to the government.There are fees to pay when you export, and you can't sell rough diamonds in small volumes anyway, so to be cost-effective you have to wait until you have a parcel of a few thousand carats.They haven't yet rescinded their promise for sales in the second half of 2016 (delayed from the first half of 2016), so they must be finding them in large quantities, right? I hope that wasn't yet another false ramping statement prior to a placing.The next update should be interesting. Having said that, now that they don't need to issue any more confetti shares for another couple of months, they've probably parked their matchbox PR ramping machine for a while.I wonder if their matchbox exploring equipment has the capability of finding 1200 carats per month. Anything less and it will just be back to dilution, dilution, dilution. |
Posted at 06/11/2016 11:01 by 1realist P.S. He was successfully sued for the company making fanciful promises and conning investors, in case you were wondering. |
Posted at 03/11/2016 23:12 by 1realist All definitely not looking good now.If you are mad enough to hold shares in GSR then here are just a few of the many things you should be concerned about:1. According to the company accounts, they will be insolvent by now and paying for any work in IOUs.2. They have released RNSs without highlighting this perilous financial situation to investors. Deceitful at best.3. Any imminent placing will not only be worth less nowadays when converted from pounds to dollars, but a large chunk of it will also have to be used to pay back the IOUs, instead of being used for future work.4. The fact that they have waited until the absolute 11th hour to raise much needed funds means they must have been lacking any mugs foolish enough to take them up on a placing.5. You are mistaken if you think restarting washing = progress. They have restarted washing several times in the past few years. Each time found a couple of diamonds and got excited, but never in high enough concentrates to mine and never enough to achieve any revenue. To date they have not sold a single diamond that they have found. Even ones they found nearly 2 years ago.6. As recently as 2 years ago they had 400 million shares in issue. Now it's well over 4 billion. They issue shares like confetti. > 90% dilution in 2 years, and more to come.7. They have got such piddly machines that it's impossible to do any meaningful bulk sampling. The high running costs of the company burn through any cash from placings before any work on the ground has a chance.8. Some of the "diamonds" found in the latest washing were almost black in colour. It seems they are loosely using the term to pad out recovery rates. Again, deceitful at best.I'm afraid yesterday was just the next wave of unsuspecting "investors" being suckered in by the companies' fanciful promises, without doing any proper research.They will soon learn their lesson. |
Posted at 10/10/2016 14:23 by 1realist Self-sufficient in 3 months, diamond sales in Q2, dredging in the wet season, road built in 2 weeks. The list goes on. Constant empty promises from the company in a blatant attempt to pump the share price and dupe investors.This sort of conduct should not be allowed. They will deserve to go bust. |
Posted at 11/8/2016 22:34 by n902 do one u c7ntwas Cyril's court case in the public domain?no . it was provided by Singaporean investors |
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