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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Goldstone Resources Limited | GRL | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.025 | 2.78% | 0.925 | 15:05:50 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.90 | 0.90 | 0.95 | 0.925 | 0.90 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
Posted at 21/12/2024 08:36 by trader465 Summary:GRL PLC, with a monthly production target of 1,000 ounces of dore containing 70% gold, expects to generate $1.75 million in revenue each month from the sale of 700 ounces of gold (at $2,500 per ounce). However, the company faces costs based on its All-In Sustaining Costs (AISC), as well as an additional monthly debt interest of $50,000 from its $5 million debt at 12% interest. The company can achieve profitability, break-even, or incur losses depending on the AISC. • At AISC of $1,500/oz, the company generates a monthly profit of $200,000. • At AISC of $1,750/oz, the company reaches break-even with zero profit. • At AISC of $2,000/oz, the company incurs a monthly loss of $300,000. To reach profitability at $2,500 gold, the company will need to adjust its production levels depending on the AISC. AISC and Ounces Needed for Profitability: AISC per ounce Ounces Needed for Profitability $1,500 887 $1,750 1,000 $2,000 1,171 In summary, to achieve profitability at $2,500 per ounce gold, GRL PLC will need to produce: • 887 ounces at AISC $1,500 • 1,000 ounces at AISC $1,750 • 1,171 ounces at AISC $2,000. |
Posted at 20/12/2024 10:13 by highly geared Despite the never ending issues around GRL actually delivering an operational gold mine that delivers value to shareholders, logically the CLN payment should get resolved as it's unsecured. I can't see merit in the CLN holder instigating a winding up petition as they become a "back of the queue" unsecured creditor, so I expect some sort of renegotiation- either further payment deferral with added interest or a revised conversion to equity price.The other logic part is that if GRL are genuinely and finally "turning a corner" on the production front, the CLN holder will get their capital and interest back in 2025 if the production forecasts are actually delivered. It's been an utter shambles to date but ever the optimist...... |
Posted at 19/12/2024 06:11 by trader465 Trews mate Richard Wilkins a NED here and co-founder and director of Oxus Gold is also involved with the crooked goings on over at PXC.If you type GRL in PXC thread search…. I reckon GRL and PXC will end the same way as HUM given time |
Posted at 09/12/2024 12:29 by totally banjo In the media:Goldstone Resources (GRL) provided an update on the progress of operations in respect of the Homase Mine and heap leach operation in south-western Ghana. GRL said its ramp up at Homase continues at pace and it remains on track to deliver its stated objective of producing 1,000oz pcm from January 2025. November was a great month on site, with gold production up 34% from our yearly average, and we stacked a total of 45,000 tonnes of ore, supporting its upward production trajectory into next year. It has had constructive discussions with Blue Gold and its related parties and it was hopeful that this will reach a positive conclusion in the coming weeks. Comment: Fair play to GRL for managing to extend its CLN repayment date, something which allows us to appreciate the operational progress this gold mining minnow is continuing to make. It could still pull a rabbit or two out of the hat. hxxps://www.share-ta |
Posted at 05/12/2024 11:19 by trader465 “Many companies with zero production are worth 10-20 times this plus way more debt”Those companies have far more than 600koz GRL seems to have been a cash machine for directors GRL predicted 28koz production 5 years ago after borrowing the $2m gold loan, they then allegedly failed to find or sell the 28koz and borrowed more money, diluted shareholders and delisted. Nice move Angela. Mr Trew was away with his apples before the wheels fell off the Apple cart |
Posted at 03/12/2024 11:04 by goldgeezer No link at all. They have charges with AIMS but unrelated to GRL.You've watched too much TVIf they planned on nicking GRL they not have done an unsecured CLN!!! |
Posted at 03/12/2024 10:03 by goldgeezer Blue Gold can take legal action but has zero claim on any of GRLs assets, operations or property. Action is unlikely to be successful but if it was it would destroy Blue Golds chances of ever recovering anything. They'll likely convert some of the CLN to stock and defer the balance of cash debt to a time that GRL are likely to be able to settle. One year seems realistic, if they start producing 1000 ounces a month. |
Posted at 11/11/2024 16:50 by totally banjo Just out of interest, Zak Mir commented on this mornings news:Goldstone Resources (GRL) provided an update on the progress of operations in respect of the Homase Mine and heap leach operation in south-western Ghana. GRL said it remains on track to deliver its stated objective of producing 1,000oz pcm from January 2025, with its production profile at Homase improving week on week, and month on month. Comment: Although not quite in the Centamin league yet, GRL is a pocket sized producer, and given the rocketing price of gold has a chance of gathering enough momentum to deliver a share price revival from current levels. hxxps://www.share-ta |
Posted at 15/10/2024 21:55 by trader465 Lol he only reads the positives. He obviously suffers confirmation bias as do most people who lose money.In 2019 GRL borrowed 2000oz of gold at $1500 per oz value $3m In 2024 GRL owe 2630oz of gold at $2600 per oz value $6.8m GRL seem to have lost 5553oz in the heap leach value $14m GRL market cap £7m Where’s all the gold going? Latest production is allegedly just 200oz per month Planned production schedules may not be achieved as a result of unforeseen operational problems In the event the gold loan cannot be repaid by December 2025 AIMSL can enforce security over the company assets. It’s all in the annual report |
Posted at 11/10/2024 14:03 by trader465 When have GRL been known for providing regular updates? I’ve followed for many years, and I can tell you they don’t.They have said they “expect” to produce 1000oz per month starting at the beginning of 2025. They “expected̶ GRL will need to sustain 1000oz for 6 months before they can confirm production and financials, and before anyone will take these thieves seriously. If they start at the beginning of 2025 then that’s July at the earliest before they can confirm production and financials. As we’ve just seen, they are not very punctual at updating the market. Most companies posted H1 numbers months ago, not GRL, they reported H1 in September. It’s far better to be a realist |
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