Goldstone Resources Share Discussion Threads

[longshanks] 30/10/2014 11:57

Anyway Stig - what's your beef?Are you short? Or just truculent over losses through investing here?

[longshanks] 30/10/2014 11:38

If it were all so bad STI would not be putting in cash at 0.6p/share.I have no doubt there is huge uncertainty over the company's viability but equally there must be some expectation that things can be improved. Otherwise they would have simply lent the cash - secured against the assets.

[the stigologist] 30/10/2014 11:28

as at last accounting date they had only $600k cash with $300k current liabilities

with annualised $3m cashburn

so they will have pretty much spent the £1.25m by now and the next placing should be imminent

[longshanks] 30/10/2014 11:21

62m shares at 3.5p = ~£2.2m...and with it comes £1.25m of working capital.It is a bet on Homase either being sold or brought to production with a large JV partner. STI feel confident they can help make such a deal work by injecting this cash - Bob Foster is not a fool but equally market sentiment for mining is dire. A bet - but good odds.

[paragon157] 30/10/2014 11:09

Lol .. Really ?

[the stigologist] 30/10/2014 11:08

advfn financials are wrong

[the stigologist] 30/10/2014 11:07

share consolidation tomorrow and they never work for investors

expect this to consolidate around 3p and then trickle back to 1p

[htrocka2] 30/10/2014 11:07

let's hope they do a bit more with this than Unity did..

[paragon157] 30/10/2014 11:05

Hmm .. According to ADVFN Financials the current GRL "Market Cap" is only 1.45 Million amazing !

[longshanks] 30/10/2014 11:01

Quasi-takeover done!STI reckon that it could be worth buying additional shares at 0.7p to take control. STI got the "deal of the year" award for their Oksut mine; they are serious heavyweights at finalising deals and work closely with all the big players.I like the odds here and have bought a small chunk at 0.32p.

[22richyrich] 30/10/2014 10:55

Transaction completed today good time to get onboard see what stratex have invested for at this bombed out price

[htrocka2] 24/10/2014 15:47

cheers tallden..

[tallden] 23/10/2014 21:52

Look up financial report from Feb 2012.He was appointed a director of GRL in 2011.

[tallden] 23/10/2014 21:52

RJ Hanson is or was Managing Director and CEO of Unity.

[htrocka2] 23/10/2014 20:34

any one heard of R.J.Hanson?



.

[luckyvince] 23/10/2014 16:01

Hey GS. yeah. actually hit 12p one day, and with less prospects than it has now.

[goldenshare888] 23/10/2014 15:31

Hi Lucky,I think you may well be right. Who would have thought GRL would sink as low as this!

Certainly not the time to be selling and probably the time to be buying again...

Your comment about your wife really made me smile, sorry and good luck for the future.......

Who knows with gold through $2000 and a decent resource at Homase project GRL could be 10p again or 100p in new money post 10 for 1 consolidation.

Time will tell........

[htrocka2] 23/10/2014 10:43

it looks as if it'd been rolled over.


10:28:29 0.28 328,334 O 0.30 0.40 Sell 0 328,334
08:13:50 0.30 328,334 O 0.25 0.35 ? 0 0

[luckyvince] 23/10/2014 10:20

so was that trade a buy or sell at 0.3p. If I wasn't a large holder, I would take a punt at 0.3p. share price after consolidation could be 4p plus. giving upward of 30% plus with what appears little downside. After all, if you were going to sell at 3p, you may as well sell now at 0.3p. Shoot me if i'm wrong. You might as well, my wife told me to sell at 9.5p

[htrocka2] 20/10/2014 12:55

Related item




“Physical demand has been a primary driver of the $70 move off the $1,182 lows a few weeks back,”

[tunnelking] 20/10/2014 07:41

Thanks ht,good info and enlightening.shame they weren't on performance related pay,we,d be a lot better off cash wise at it stands today.

[htrocka2] 19/10/2014 19:36

Tunnelking.


Before to STI.

Jurie Wessels...$231,000 p/a


Hendrik Schloeman...$210,000 p/a



After STI. (Consolidation Agreement)


Jurie Wessels...$162,500 P/A

Hendrik Schloemann...$140,000


(ps...before STI...they were reported as struggling on 50% salary so as to conserve cash....I'd hardly call $2221 a week 'struggling')


whereas two of the STI board are to charge themselves annual fees of £15,000 and £22,500 p/a. The Unity director £0.


the good news is that prior to STI...the cash burn rate was $9250 per week(Including J.Best's salary)...post STI this will be reduced to $4360 per week)

working on an 18 month programme,,, the STI £1.25m input would be divided up approximately...£0.25m for salaries which includes minor cost.....leaving £1m as working capital)

Let's see what they can do with £1m.


ref ....Proposed Share Consolidation Circular. page 22

[tunnelking] 19/10/2014 12:27

Any chance you could post the current and past salaries of the GRL BOD ht? Would be interesting to know where my money has been spent.thanks