Golden Saint Share Discussion Threads

[falia] 22/8/2017 09:24

COULD BE A MASSIVE VOLUME DAY HERE

[falia] 22/8/2017 09:19

COULD IT BE FINALLY GOING UP, IF SO WHAT WE TALKING, 1-3P

[1realist] 22/6/2017 14:28

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-tv-mining-stellar-diamonds-earns-2-million-via-guinea-asset-sale/£25k would buy about 1% of GSR or about 1% of STEL. The fact that the market cap of these 2 companies is so similar shows how ridiculous AIM is. But then again that is why people like investing on it so much. If you pick the right company, then the potential gains are enormous. Just got to pick the right company!Not long for GSR now. By Christmas £25k looks like it could only buy you about 0.1% of STEL, whereas by then it would probably buy you 100% of GSR!

[1realist] 02/5/2017 06:35

The washing results are absolutely disastrous. 7 carats at 2 cpht for 50% dilution? The BOD should be ashamed. You're right, I am very surprised that they have found yet more mugs to fund this while everyone downs tools for the wet season. In case you didn't know, the rains in SL have come early this year.

[n902] 21/4/2017 09:00

you will be surprised.they have found a mug to fund this once again

[1realist] 20/4/2017 16:45

I know that has been the trend, but the cycle will break one day. IMO that day has come. If another mug was willing to fund it then they needed to do it months ago. No chance they have been doing any serious washing since last update because they simply don't have any money.Diamonds will be a hot sector in the next few years, just not alluvials on a shoestring.

[n902] 20/4/2017 14:11

realisticthey will always find a mug or two to fund this until they once again run out of cash. this merry go round will continue to spin.

[oilbuy] 19/4/2017 23:46

Market cap 1.46M. They need a new vision and direction. Diamond mining is a mugs game unless you have excellent ground and a JV with a major.

[oilbuy] 19/4/2017 23:37

And 9 meters of over burden. Seems hopeless.

[1realist] 19/4/2017 22:49

3 months since any update and 2 months since they ran out of money. It seems they forgot to tell everyone that they've gone bust and shut up shop.

[1realist] 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.

[falia] 14/2/2017 15:18

could have a very strong finish

[n902] 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.

[1realist] 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.

[n902] 23/1/2017 17:37

I make it 200 years if they stopped wasting time. it's within the realm of possibility

[1realist] 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.

[n902] 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

[1realist] 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.