Goldstone Resources Share Discussion Threads

[htrocka2] 18/10/2014 09:13

On a serious note....I received the GRL circular...and was quite bowled over with the amount of cash these boys are being paid.....even after the reduction in salary insisted on by STI.

Unity's reference to GRL in their annual report is down to one sentence...and 'involved' is probably an inappropriate word to choose.


'Unity is also involved in gold exploration in West Africa through its investment in GoldStone Resources Limited'

[the stigologist] 16/10/2014 14:32

lolz

STI just said this in an RNS

SERIOUSLY !!!

" As a consequence of the poor market conditions further private placement and public financings result in poor company valuations and excessive shareholder dilution. "

[mozii] 15/10/2014 20:47

don't waste ur time here, check POG and get in now

[htrocka2] 15/10/2014 16:25

The wheel's turning..




Div...I make it 4p post consolidation...

[divmad] 15/10/2014 12:11

So grl has a current MC of £2mn, pre-Stratex funding of £1.25mn. What are the bets that post-consolidation, the shares still trade a 3p (0.3p old shares) making the rump ex-Stratex worth £1.75mn? Makes you wonder why on earth Stratex would ante up at 6p a share!

[htrocka2] 14/10/2014 23:26

This is only a few miles away.. and has had $30m already pumped into the project...with another $15m planned.......GRL's Homase/Akrokerri licence has FIVE times their resources.

[htrocka2] 14/10/2014 13:59

From the STI board.


Expected Timetable of Principal Events and Key Statistics

2014
Date of the Circular 14 October
Time and date of General Meeting 9.30 a.m. on 30 October
Record date for the Share Consolidation close of business on
30 October
Issue of the Subscription Shares 8.00 a.m. on 31 October
Admission of the New Ordinary Shares 8.00 a.m. on 31 October
to AIM
Ordinary Shares in issue at the date
of this Circular 414,530,304
Number of New Ordinary Shares in
issue following the Subscription 62,286,363
Percentage of the enlarged issued
share capital of GoldStone (before
the exercise of any Warrants) represented
by the Subscription Shares 33.45%
Number of New Ordinary Shares in
issue following the Subscription
and the exercise of all of the Warrants 83,119,696
Percentage of the enlarged issued
share capital of GoldStone (assuming
the exercise of all of the Warrants)
represented by the Subscription Shares
and the New Ordinary Shares issued
on the exercise of all of the Warrants 50.13%

[[e-mail]] 14/10/2014 08:53

hi dg & jj brought for below 1p should have sold @ 9p lost a load, still
in the same sector now with amara hoping for some luck.

[hsaundh] 14/10/2014 08:49

I'm still here too. At least something is going on now and the lights are back on. Many of us are under water and hoping for things to turn around.

GLA

[htrocka2] 14/10/2014 08:32

cheers paragon.....

From Pro-Active Investor..
Stratex makes progress on Goldstone subscription

By Ian Lyall

October 14 2014, 8:15am
The new funds will allow GoldStone to kick-start work in West Africa.

Stratex International (LON:STI) said progress had been made with its £1.25mln subscription for shares in GoldStone Resources (LON:GRL).

The latter has announced it will post a circular that outlines the details of the investment and that also proposes a share consolidation and a waiver that allows Stratex to acquire 33.4% of Goldstone without making for the entire company.

Stratex also revealed that Christopher Hall, Bob Foster and Emma Priestley will be appointed to the GoldStone board, with Hall serving as chairman. Jonathan Best, Hendrik Schloemann and Benjamin Hill will resign.

The new funds will allow GoldStone to kick-start work in West Africa. It has five projects range from advanced to early stage exploration in Senegal, Ghana and Gabon.

[paragon157] 14/10/2014 08:30

htrocka2

A great call you made yesterday .. I was the one who voted your post up !

[loverat] 14/10/2014 08:06

Not the sharpest tool in the box.

[loverat] 14/10/2014 07:58

Pretty desperate stuff above. Do you reckon he is short?

[howdlep] 14/10/2014 07:52

SP closed at 0.27p. The subscription goes ahead at 6p, post 1:10

There are shorts to close and fast!!!!

[the stigologist] 14/10/2014 07:46

the comments about bringing satellite deposits into play around Homase shows that it was a huge failure and will not work as a standalone operation

so the GRL management failed several times over both to increase the resource but then when they gave up on that to 'monetise' it

[the stigologist] 14/10/2014 07:43

it's in effect a no-premium takeunder which is why the shares have reacted badly

the new management have overseen shareholder value destruction at STI

consolidations never work out well for shareholders

so three levels of AVOID here

[howdlep] 14/10/2014 07:32

subscription goes ahead at 6p following a 1:10 with further warrants at 7p.

Now who is closing shorts?

[dick grasso] 14/10/2014 02:26

vf, have you left the building? From memory you held a fair sized chunk of these. dg

[htrocka2] 13/10/2014 21:34

I'm sure you lads can hang on for another couple of weeks...the bod have issued themselves 10.63m shares in lieu of wages with a subscription price of 0.66p...they'll have to go some to exercise these...which implies some positive news along with the STI confirmation. (STI are in for 33% of the company at 0.6p a share) It's been a rough part of the cycle....but the wheel is turning.

from the rns.
'As announced in the final results on 29 August 2014, the Company and Stratex have agreed a revised date of 31 October 2014 for fulfilment of the conditions precedent to the subscription agreement.'

(Jibba...if it's any consolation, the directors will shortly hold nearly 20m between them... which are worth a little over £50k...IF they could find a buyer for them.)

[luckyvince] 13/10/2014 21:11

I was really enjoying my mexican holiday until i decided to get an update. Better sell my car and buy a donkey.

[the stigologist] 13/10/2014 16:20

STI crashing as well