Golden Saint Share Discussion Threads

[tidy 2] 27/5/2015 11:08

And they have huge diamonds finds. They are zeroing in on the kimberlite source, how big will the rocks get plus gold !!!

[jungmana] 27/5/2015 11:00

18 months back gsr had a market cap of £20m. That may be overvalued but at todays market cap of £2m ( 0.22p share price) and company more advanced on its projects, this is definately way undervalued.

[tidy 2] 27/5/2015 10:49

2v1. Pressure building.

[hope67] 27/5/2015 10:33

If they find the pipe of jv with someone this is going to rocket time to get in now.

[tidy 2] 27/5/2015 09:29

On the move guys

[tidy 2] 27/5/2015 08:29

Spread a lot tighter than displayed. 2v1

[tidy 2] 26/5/2015 23:37

They are zeroing in on our Kimberlite. http://www.allaboutgemstones.com/diamond_geology.html

[tidy 2] 26/5/2015 21:01

GsrWe can dream http://www.koiduholdings.com/diamonds-of-sierra-leone.php

[tidy 2] 26/5/2015 08:15

Breakout is confirmed.

[hope67] 26/5/2015 08:08

Ticking up nicely

[tidy 2] 26/5/2015 08:02

Flying in.

[tidy 2] 24/5/2015 16:43

bonker99 chartCan you tell what it is yet?http://i.imgur.com/KHvOYTg.png Zak being typically cautious I think with 0.3-0.5

[bean02] 23/5/2015 09:25

Which chartist?

[hm2075] 22/5/2015 18:46

Chartist predicting major rises, some even say 2p. Let's sew what happens

[fbb1000] 22/5/2015 16:16

yes tidy looking for a triple bottom here on daily chart - hoping the acquisition RNS will be viewed as positive for the company and continued diamond/gold finds so I'm hoping the share price is coiled like a spring ready to go up

[tidy 2] 22/5/2015 16:08

LSE made me buy 3m yesterday: http://i.imgur.com/JacnLhJ.png

[fbb1000] 22/5/2015 16:07

Happy with a close 20 or above

[tidy 2] 22/5/2015 15:03

The stones we've been finding are very clear, and really good quality", says chairman D'Silva. "We just need to find a few more of them.""We're finding diamonds on an almost weekly basis," says Golden Saint Resources' (LON:GSR) Cyril D'Silva, "and gold is coming out regularly."As indications that exploration is on the right track go, they don't get much better than that. One stone that was recently discovered on the company'sTongo property in Sierra Leone rang in at an impressive 9.45 carats and could be worth as much as US$100,000 after cutting and polishing."The stones we've been finding are very clear, and really good quality", says chairman D'Silva. "We just need to find a few more of them."But given that some diamond exploration companies go for years without discovering any diamonds, it's not a bad start.The trick now will be to zero in on the kimberlite source rock, which has to date remained elusive.D'Silva reckons that's now only a matter of time."Any person who understands our area knows that the area is really rich," he says. "We're pretty sure that some of the kimberlite pipes run into our areas. The current exploration programme is designed to find kimberlite."Having said that, he's not betting the farm on a kimberlite discovery, or not quite yet anyway. After all, why should he? The alluvial stones that are showing up are worth a pretty penny in their own right and it would be a shame to let an obvious opportunity to generate some quick cash fall by the wayside."I want to find a pipe," continues D'Silva. "But when you go after a pipe it's very expensive. In the process I'd like to go after these alluvials."It's the prospect of setting up an alluvial operation that leads D'Silva to predict that Golden Saint will be generating cash from diamond mining within three years. First, new money will need to come into the kitty though, and before that happens Cyril would like to get new sampling results released.He also needs the permission of his shareholders if he's going to issue new equity, as he's used up all the headroom previously available in previous fund-raisings. No wonder that item one on the agenda of the company's upcoming annual general meeting, to be held on May 29, relates to permission to issue a further 1.8bn shares.Will D'Silva get that motion through? There seems little reason to doubt it, especially as there's no shortage of potential offers to fund the company.On this subject the Golden Saint boss is understandably a little circumspect, but he does at least project an air of quiet confidence. "We've got a lot of interest," he says. "We get offers quite often with regards to money. I don't think we will have a problem."Perhaps it's D'Silva's Singaporean connections, or perhaps it's the heavily populated Rolodex files of the company's brokers Cornhill, but one way or another it's unlikely to be a lack of funds that holds Golden Saint back. That in itself marks the company out as fairly unusual, as most junior explorers are desperately scrabbling around for funding at the moment.On the other hand, the logic of coming in at this stage is clear enough. The share price is a long way down from earlier highs, and by D'Silva's own admission a maiden diamond resource is still 18 months off, as bulk sampling continues. The timing may never be better. Once the resource is established, there will be a clearly defined floor to the company's share price, which is likely then to undergo a slow and steady re-rating.In the meantime, it's likely that the diamond markets will firm up too, as buyers come to realise that supply is set to be increasingly constrained as no major new production comes on stream.Golden Saint doesn't plan, at least at this stage, to sell its diamonds through the traditional tendering process. Instead, it will market through its own organisation, the Golden Saint Diamond Club. This, says D'Silva, offers up the company's diamonds to all shareholders at a 30 per cent discount to the likely retail price. Nonetheless, the margins delivered to the company are still likely to run as high as 200%.That won't be sustainable if and when the company starts producing in serious volumes from a kimberlite, but for the short-term it does provide a route to market for small-scale sales and a way for cash to flow into the company.And in the background sits the tantalising prospect of a gold resource too. "That gold source cannot be too far away," says Cyril. "As we washed the diamonds, the gold came out."So, there's plenty to play for on Golden Saint's ground. The next few months should be very interesting indeed.

[fbb1000] 22/5/2015 13:47

TA stuff - just ignore if not interested

Intraday pattern starting to look like an upside down U shape - interesting to see if we have a go at 215 again with 195 acting a support - this move within next 45 mins (now 2:15).

On a monthly note prorealtime has the monthly open at 21 would be nice to see a bull candlestick this month - 5 days left after today.

[tidy 2] 22/5/2015 12:03

Got it cheers

[fbb1000] 22/5/2015 11:49

tidy - I just copied and pasted it into a new window - works for me - if it still doesn't work its in the GSR website in the press release section - just some stuff about the AGM and voting.

(for some reason ADVFN changes the "tt" to "xx" in the "http" part try changing the "xx" to "tt" in the address bar)