Goldstone Resources Share Discussion Threads

[spacedust] 14/2/2020 11:39

Trader sounds seriously upset. Don't worry you have an opportunity to break even. I need 50p so cheer up you humpty dumpty and get off that wall.

[highly geared] 14/2/2020 11:26

The DEP estimates that the total plant feed from the Proposed Mine and the Akrokeri Tailings will be approximately 2.26 million tonnes with an average grade of 1.2 g/t gold giving total ounces to the plant of approximately 88,500 oz - The DEP estimates that the heap leach facility will recover, in total, approximately 72,000 oz, giving an overall Life of Mine ("LOM") recovery of approximately 81% -- Proposed LOM projected to be five years, with an average all-in cost, that includes capital plus cash costs, of US$852/oz $700/oz profit x 72k oz = $50.4 million profit over 3 years. Mining will start early 2021 IF the mining lease comes through shortly. That's what people are buying in for now....

[alexios1201] 14/2/2020 11:21

Buy now10p TargetLow base runner upUpdate is going to be loud

[alexios1201] 14/2/2020 11:20

Incoming incoming

[stonesp2] 14/2/2020 11:10

Or a tamper on the loose??? ?

[stonesp2] 14/2/2020 11:08

?? Am I missing something...

[anley] 13/2/2020 12:23

News me thinks that the mining certificate has been issued and a deal to show us all how new capital will start the first phase..................

[stonesp2] 13/2/2020 11:10

Interesting trading pattern... certainly biggest spike on no news / rumour mill... what next ?

[spacedust] 12/2/2020 19:42

Dow set to hit 30000. Big boys being allowed to sell their longs and then will go short big time. I'm shorting banks and mining companies. Going long on gold

[spacedust] 12/2/2020 19:41

Doesn't matter if we are operating next to Donald trump back yard. Until the cash is coming in evrything is a load of tosh.

[highly geared] 12/2/2020 18:55

Trader, I share your frustrations around the time this is taking but I’d expect the mining lease to drop in the coming weeks. Paracel and the other major holder have the wherewithal to get this to production ( they didn’t buy in to be sleeping partners). The DEP allows for 88,000 oz over 3 years. Cash flow will fund development of the 500,000 oz of deeper sulphides. The separate areas of high grade veins along strike with Obuasi can be further explored ( that’s where the excitement will be... I’m hopeful of late 2020 or early 2012 to initial production.

[trader365] 12/2/2020 17:26

The last twelve months volume has been low, there were plenty of days where no trades took place, today there were 56 trades and 1.7m shares bought, so plenty of interest has been generated. Given that the company only has a £5m market cap and will be operating next door and along strike from the 9th biggest mine in the world GRL has an excellent chance of multi bagging from these levels. Https://en.wikipedia.org/wiki/Obuasi_Gold_Mine Http://www.futureofobuasi.com/

[moneymachine2] 12/2/2020 16:20

Twitter motivated rise, the rampers have left.

[spacedust] 12/2/2020 10:12

Like I said until the cash is in the bank the rest is fiddly fiddly squat

[trader365] 12/2/2020 09:14

Only if you're silly enough to follow twitter! Anyone buying or selling a share based on what someone posts on a BB or social media site deserves to lose their cash

[the_debt_collector] 12/2/2020 08:57

Looks like the recent rise was a Twitter motivated Pump & Dump - usual suspects involved.

[trader365] 12/2/2020 08:26

78% is held by directors and major shareholders its on page 13 Https://www.goldstoneresources.com/documents/2018%20GoldStone%20AFS.pdf

[neilyb675] 12/2/2020 08:06

Number of shares in issue: 249,707,991 Percentage of shares not in public hands: 51.4%

[neilyb675] 12/2/2020 08:01

So, half the company in very sticky hands (non sellers). Also, found: Michael Joseph 4% (as of 8/1/18) Somercourt Investments Ltd 3.2% (as of 18/10/17)

[neilyb675] 12/2/2020 07:55

Mr Trew is a director and shareholder of Paracale Gold Limited, which currently holds 70,352,377 ordinary shares in Goldstone representing 28.17% of its currently issued share capital. Following the Share Transfer, Bill Trew and Paracale Gold Limited will be interested in, in aggregate, 74,352,377 Ordinary Shares, representing 29.78% of the Company's currently issued share capital. BCM Investment Limited ("BCM") is subscribing for 50,000,000 Subscription Shares as part of the Subscription, representing approximately 20.08 per cent. of the Company's issued share capital on Admission. BCM is one of Africa's largest private contract miners. BCM Group began as "Bayswater Contracting", a family firm in Western Australia in the early 1950s, involved primarily in the civil works and mining construction business. Under the same family ownership, BCM Group expanded into Ghana in 1990 and thereafter further into Mali, Tanzania, Guinea and Niger. By 2000, BCM had established itself as one of the leading mining and civil contractors in Sub-Saharan Africa. In 2004, BCM became the first Western-style mining contractor in Central Asia, with operations in Uzbekistan and Kazakhstan. BCM are seeking partners to develop resource projects in West Africa.

[trader365] 11/2/2020 16:18

The importance of cutting a loss quickly... If you lose: 5% you'll only need to make 5.2% to break even 10% you'll only need to make 11.1% to break even 20% you'll need to make 25% to break even 50% you'll need to make 100% to break even 75% you'll need to make 300% to break even 80% you'll need to make 400% to break even 85% you'll need to make 566% to break even 90% you'll need to make 900% to break even 95% you'll need to make 1900% to break even 96% you'll need to make 2400% to break even 97% you'll need to make 3233% to break even 99% you'll need to make 9900% to break even

[trader365] 11/2/2020 16:09

To get back to 50p you'll need a 24 bagger, a 2400% rise! Assume you bought 10,000 shares at 50p, you could now add another 250,000 (2400% more shares) for the same initial cost, which would bring your average price down form 50p to 3.8p or down by 92.4%. My guess is you'll not only then get your money back, but you'll make a very nice gain over the next few years.