Hi ronson,I maybe showing my age but what is a telegram group? |
Is there a telegram group for this? |
December figures will probably be announced around 10th January |
Well we might get a production update by end of this month which if showing an improvement should produce more interest.
When January's production figures are announced and again if positive and heading towards the 1000oz pcm figure will be the key for a decent share price rise, imo
So, not long to wait! |
There will for sure be some profit takers |
If it settles around this level that will do for today! |
Also expect a spike post 3pm today |
I imagine the fed will cut rates thick n fast over next yr or 2. I expect dollar to decline. And I expect gold producers to scream. 2025 is just the beginning |
Gold.price in 2008 was around d 2000$ almost all aim shares went ballistic. But it was more to do with the dictator Dollar currency. |
To see 50p/ share , you’d need “gold mania” conditions. Possible in about 3-4 years.
In the meantime, 4p is realistic within 6 months if they can demonstrate 8,500 oz gold annual production. Add more if a plan for Akrokeri is implemented ( u/ground mine reopening). |
 By the sound of it Zak thought the CLN issue was not going to get resolved as well as it has been!
December 23, 2024
"GoldStone Resources Limited (GRL), announced, further to its announcement of 2 December 2024, an update in respect of the convertible loan notes issued to Future Global Resources Limited, formerly known as Blue Gold International Limited, on 26 January 2023.
The Company has agreed with Blue Gold and Blue Gold’s secured lender, Devonport Capital Limited, that the CLNs will be assigned to Devonport or its affiliate, with the redemption date extended to 31 January 2025. The CLNs and accrued interest thereon will be converted into 85,859,062 new ordinary shares of 1p each in the Company at a price of 3.25p per Ordinary Share.
Comment: Hands up all who did not believe that GRL would not deliver a decent conclusion to its CLN issue. Today’s announcement is strong enough to allow the shares to continue a decent squeeze back to recent highs towards 2p."
hxxps://www.share-talk.com/rns-hotlist-with-zak-mir-grl-ars-fcm-mdh-ecr-ajax-he1-kod-see-omi-lft/ |
I'd be quite happy to reach 2p by end of January/early February but if the share price hits your target spacedust then even happier! :-) |
Nit ramping but I wouldn't want to be out of grl right now. With CLN cleared
Dec pour to be announced
Then January pour
Today a blue day. Tomorrow will be blue day too and Friday as well I think.
I think certain to hit 1.9p before new year |
Sp was 1.8p prior to CLN Rns. Now the news is cleared we should be 2p plus. Then gold pour rns should take us to 6p next yr.
Not selling a dime until 50p |
Certainly possible. Was looking at OMI, some excellent grades from c 50,000m of drilling over 10 years at it's Anza prospect. Still no NI101-43 or JORC statement and years off production, but £20m market cap.
GRL around £7m market cap... JORC and producing, albeit 2 years + of problems, so carrying a lot of baggage as far as investors are concerned.
All about demonstrating meaningful sustainable production and being profitable to pay down remaining debt, then re-establishing a plan for the bigger prize at Akrokeri. |
Thanks - I'm hoping December gold pour is at least 500oz and then in January we hit that 900oz as indicated.
I'll stick to my 1.9p prediction by year end. |
You don't convert c. £2.7m of debt into shares at 1.9p if you don't think you will have the option/ability to sell those shares at a profit. So, they'll be expecting to sell out north of 2.5p I reckon in the coming months as production increase supports a higher share price.
Well done Spacedust. |
Wow, great news today, well happy :-) |
Looking forward to Dec n Jan pour |
My 500k top up last week was well timed. 1.9p coming |
Nice xmas present |
Akrokeri was always the big prize, based on the grades. Homase was intended to be the cash cow to fund Akrokeri mine reopening and development. It ain’t quite worked to date but if Homase can be made to stand in its own two feet, then Akrokeri will ultimately come back into play. |
The best time in history so far. |
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