We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for real-time alerts, custom portfolio, and market movers
| 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 |
| Top Posts |
|---|
Posted at 22/6/2017 14:28 by 1realist As stated before on this thread, there is no future in alluvial mining in Sierra Leone. To get the diamonds you have to go underground. These guys look to have a right idea:tiptv.co.uk/tip |
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 04/2/2017 08:07 by n902 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. |
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 23/1/2017 10:07 by 1realist 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.investingne |
Posted at 10/1/2017 19:31 by n902 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 |
Posted at 10/1/2017 08:47 by 1realist 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.Unfortunat |
Posted at 09/12/2016 19:10 by 1realist 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. |
Posted at 16/11/2016 21:14 by gerardjaws Are you a sharehoder in GSR ? |
Posted at 06/11/2016 12:57 by n902 what's new realist?who broke the news of Cyril being sued? and that was 5 months after we were informed. lolofcourse GSR have been running on iou's. I mentioned months ago that workers had not been paid for months but we're working on anticipation of funds being available. they then gain paid after placing and until money runs out.can't disagree with anything you say but things will turnaround. the plan wasn't for svs to get involved but pressure from nomad to get placing done.I guess svs clients are not happy so they are getting another chance to average down. the huge volume in recent days is most likely forward sold shares. no one else is buying gsr. can't see pi's getting involved. |
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
