Share Name Share Symbol Market Type Share ISIN Share Description
Golden Saint LSE:GSR London Ordinary Share VGG3960L1085 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 0.03p 0.025p 0.035p 0.03p 0.03p 0.03p 10,310,430.00 07:30:29
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -1.4 0.1 0.2 1.75

Golden Saint Share Discussion Threads

Showing 3951 to 3968 of 3975 messages
Chat Pages: 159  158  157  156  155  154  153  152  151  150  149  148  Older
DateSubjectAuthorDiscuss
15/2/2017
11:26
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.
1realist
14/2/2017
15:18
could have a very strong finish
falia
04/2/2017
08:07
and that is why we dragged the share price down to prevent them from pulling in other mugs.I believe they are very unhappy at what we have done but when you have 800m shares to play with there is little gsr or svs can do. a weak interview and a loaded question of a 60% spike in share price for a few mins shows how desperate they are. Let's see what happens.
n902
03/2/2017
11:41
The silence here is deafening.At least when there's a budget PR trail it's obvious they're trying to raise the share price for a placing. Now it looks like they might finally be preparing to throw in the towel. Funds will be drying up very soon, but no PR trail would suggest no placing. So delisting gets more and more likely.The longer this silence goes on, the more likely it is that a fat lady will be the one to break it with her song.
1realist
24/1/2017
09:42
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/news/in-pictures-38302289I think GSR know their operations are not feasible, but they continue to try to pull the wool over the eyes of investors. Their last RNS and recent interview are very deceitful and should be exposed.Placing imminent I'm afraid.
1realist
23/1/2017
17:37
I make it 200 years if they stopped wasting time. it's within the realm of possibility
n902
23/1/2017
10:07
Oh dear, just when you thought they couldn't stoop any lower.No washing at Tongo and 2 carats found at Baja?! Abysmal.Then they try and hide these disastrous results by cherry picking the highly speculative figures mentioned in an otherwise damning report of how shambolic their operations have been."The figures set out above are Exploration Targets and are merely guidelines for potential mineralisation. These figures are not to be regarded as any category of Resource under an AIM acceptable Standard."I.e. They are nothing more than speculative back-of-fag-packet target estimates.At Baja they have taken nearly half the dry season to wash 300 tonnes of gravel and found less than 10 carats of tiny stones at less than 3 carats per hundred tonnes. But they think it's ok to RNS speculative figures talking about millions of tonnes of gravel in areas 200 m wide and 4 km and 8.5 km long?! At their current rate it would literally take them 2000 years to process that lot. And even if the carats per hundred tonnes did magically jump up to 25 at Baja, it still wouldn't be financially viable. If it costs more to get it out of the ground than you can sell it for, then it isn't worth anything. But the chances of the rate jumping up to 25 cpht over that sort of area at Baja are zero anyway. They are only talking about very superficial / surface deposits, and these areas have been picked over by alluvial miners for generations, leaving very little of worth left at these depths.Rates will get up to 25 cpht at both Tongo and Baja in small patches, but not over a large area, and following the recent activity, there will be an army of alluvial miners heading that way. There won't be much left by the time GSR mess around organising yet more rounds of fundraising, and with areas that size, there is no prospect of securing them properly.investingnews.com/daily/resource-investing/gem-investing/diamond-investing/sierra-leone-artisanal-diamond-miners/Not long before the ramping PR machine winds up again though, before the inevitable billions more shares are issued. Or will it finally be delisting this time. Surely this can't be dragged out much longer.
1realist
10/1/2017
19:31
hmmmthis is it for gsr.svs may have made a profit but overall they are on a loss because their clients are all down. I believe they have an average around 0.055let's see how the board respond. massive volume today with many heading for the exits
n902
10/1/2017
08:47
GSR's funds must be running dry again very soon. It's getting back to placing or bust time already. This time it could finally be the end for GSR.Last time SVS took a placing at 0.03 and then passed it on their clients at 0.045. They made £200k in a matter of days by shafting both the company and their clients. Disgusting behaviour and I'm surprised it's not against any financial regulations. If they cared about their clients then they'd pass the shares on closer to the placing price. If they cared about the company then they wouldn't demand such a low placing price. It's clear they only care about themselves. Nonetheless, they will eventually run out of clients with big managed portfolios in which they can hide these sorts of losses.GSR have no revenue coming in any time soon, so only raising £400k per placing would mean about 4 placings this year. Best guess if a placing comes at these levels would be 2 billion shares at 0.02, passed on to SVS clients at 0.035. Hopefully this time a financial journalist will get wind of this sort of conduct and expose it.If they can't get another placing away then the 'shares suspended from trading' RNS could land at any time, followed by the inevitable delisting.Unfortunately, it'll be a miracle if remaining shareholders don't lose every penny here.
1realist
09/12/2016
19:10
Of course diamonds need to be a good size and of gem quality to be cut and polished. You can't polish the small, brown-tinted stuff...Dove explorer washes 200 tonnes per week max. Hand washing at Baja 50 tonnes per week max. So that makes 1000 tonnes per month max washed for both sites combined.At 20 cpht, 1000 tonnes = 200 carats.So even at maximum throughput, they'd only be able to get a sixth of what they need to become self sufficient.GSR are horribly out of their depth.It's only SVS's lack of morals in shafting their clients that is keeping this going. They'll need to screw over a load more clients for the next cash calling in about 6 weeks' time, if this charade is to continue.
1realist
29/11/2016
19:24
realist you seem to know the ins and outside so I do take note of what you say.it's either 300 polished or 1200 rough to become self sufficientthere's a lot more behind the scenes, there was much more at baja than what was declared. same goes for tongo. Cyril being sued was the best thing that happened.
n902
29/11/2016
09:42
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.
1realist
18/11/2016
07:56
which is why they are concentrating on the north west corner at tongo. the part retained as part of the license renewal which rfm advised to keephave you seen the aero magnetics? and how it's highly likely neighbouring pipes extend into our block
n902
17/11/2016
14:31
1.3 billion more shares?! Ouch!£400k - IOUs = lights on for another 3 months or so.SVS looking after themselves rather than their clients, who probably don't even know these shares are being added to their 'managed' portfolios.A 50% mark-up is disgusting.
1realist
17/11/2016
12:31
well realist there pops up your funding question one more placing due imo before fireworks ;) next placing will be at higher sp, around 0.1p mark imo
n902
16/11/2016
21:14
Are you a sharehoder in GSR ?
gerardjaws
16/11/2016
12:46
Washing commenced. So time to get excited, right? Err, no.6 tonnes in first wash. Even with the most basic of washing equipment that must have only taken an hour or so, right? No. It took 3 days. So washing the tiny stockpile is going to take the whole dry season then.With such piddly equipment there is absolutely no prospect of washing enough to become self sufficient.And yet absolutely no mention at all of much needed immediate and future funds? Funny that.Something stinks here.
1realist
06/11/2016
13:05
you haven't said anything new that pi's are not aware of. time will tell either this delists or ends up multiples of today's share price imo gsr will be fine. going to need one or two placings and the much talked about diamonds will soon appear. my opinion
n902
Chat Pages: 159  158  157  156  155  154  153  152  151  150  149  148  Older
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