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Share Name Share Symbol Market Type Share ISIN Share Description
Goldstone Resources Limited LSE:GRL London Ordinary Share JE00BRJ8YF63 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.25 -2.86% 8.50 8.30 8.70 8.65 8.45 8.55 1,113,964 16:15:42
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -0.5 -0.2 - 21

Goldstone Resources Share Discussion Threads

Showing 26851 to 26875 of 27475 messages
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DateSubjectAuthorDiscuss
14/6/2020
08:28
Absolutely agree.. a share price nearer 12p would be more reasonable in present climate with much higher going forward ...
stonesp2
14/6/2020
00:35
Great post
shafaq
13/6/2020
22:26
Great GRL and macro view marketanalyst1. I’m in BMV , they are up at c. £16 million cap with finance yet to be confirmed with similar low cost quick production start up. Probably similar resources but no JORC. So ,a bit of catch up required here. My biggest gold holding is Altyn. Approaching 10 million of JORC Resources, including 5 million of measured reserves, producing mine with improving production profile (hopefully c. 30,000 oz this year) and all for a c.£42 million market cap. The NPV of the reserves and resources are north of £500 million...
highly geared
13/6/2020
21:37
Trader536, you’re absolutely right; the chart looks incredible. But that aside, the company’s staggering fundamentals should trigger the market to re-rate the shares sooner, rather than later, as the stock is profoundly mispriced. I mean, take a look at the company’s current market cap of £11.25m (4.5pence per share); allowing for cash and cash equivalents of £3.5m (does not include the £2.1m gold loan available for drawdown before June 30, 2020), the market appears to be valuing the company’s flagship asset, the Akrokeri-Homase Gold Project (AKHGP), at £7.75m. Seriously? £7.75m, against a post-tax NPV of £23.3m (at US$1,750/oz gold price which was hit yesterday…), is nothing short of vacuous nonsense. But it gets worse… The £7.75m valuation assigns ZERO value to the asset’s significant post code; AKHGP lies 12km along strike from AngloGold Ashanti’s Obuasi Mine; boasting a total endowment 70Moz Au (historic and current); assigns ZERO value to Paracale Gold and BCM’s presence on the BOD – who are hardened, and highly respected, gold investors, and who collectively own 48.2% of the company; and, finally, it assigns ZERO value to the fast approaching inflection point – gold production. Yes, feel free to bark the unsavoury but apt remark, “What the ….!” And so you should. The shares, which currently represent an extraordinary market anomaly, should be trading at 12pence per share (fair value) ahead of any production news. In the meantime, all the bullish factors for a $2,000-plus gold price are firmly in place: • Global GDP is anticipated to slide 3% this year; triple the slowdown in economic activity during the Great Recession. • The US national debt in November surpassed $23 trillion. Gold rises proportionally to debt. • The debt piles of countries across the world are rising fast as they wrangle the coronavirus. • The US budget deficit this year is expected to reach nearly $4 trillion, after Congress pumped about $2.5 trillion into the economy to stem the bleeding from coronavirus lockdowns. • A yield curve inversion, when short-term yields push higher than long-term yields, is a predictable recession indicator. On March 9 the entire US yield curve fell below 1% for the first time ever. • A new round of quantitative easing, $700 billion in asset purchases, was changed to “unlimitedR21;. The Fed also announced a $300 billion credit program for businesses and consumers. That was followed by a $2.3 trillion lending program announced on April 6, whereby the Fed can purchase up to $600 billion in loans, buy downgraded corporate bonds, and purchase $500 billion in bonds from state and municipal governments. • The unfettered printing of fiat currency by the global Central Banks is gathering pace with each passing week. Thus, disregard the ‘head fakes’ (MM antics), that will undoubtedly be popping-up as the City boys run thin on stock (small free float), and go LONG. ATB.
marketanalyst1
13/6/2020
20:49
Lets not get ahead of ourselves. A number of commentators and fund managers have had gold at anything between $3,000- $7,000 over the last 10 years. I need wages from the market every year!
trader536
13/6/2020
18:31
Environmental permit is due in the next 2-3 weeks. That’s the final hurdle. Reckon we’ll see 7-8p and a steady rise to 10-12p leading up to production start over the next 4 months or so. A number of commentators and fund managers have gold at anything between $3,000- $7,000 over the next 5 years. Pure speculation but if $5000 was hit, little GRL will be knocking out $90 million EBIT....
highly geared
13/6/2020
17:42
If the lovely Emma had done her job properly I could have bought more tranches in the 2's and 3's instead of the 4's and 5's! Let's hope they do better with GRL than they did with OXS. I was hoping for a pullback to buy more but have so far been disappointed. I agree we should see 6.5p breached in short order. The chart is looking far better than the CEO...
trader536
13/6/2020
15:53
Presumably we should see last weeks high of 6.50 breached this week at some point, if news hits then 10p + should be seen very quickly!
shanew48
12/6/2020
18:12
Assuming they get into production and deliver an initial 20,000oz annualised. The resource is there to expand Life of Mine , so assume they can do a steady state 20,000 oz over 10 years ( without any serious upside). Simplistically, with gold around $1750, that’s $900 net per oz. Yearly, that’s about $18 million. Deduct G&A and ongoing exploration/ Capex and they should be able to do c. £10 million at EBIT level. Ascribing a sensible 5 x valuation, we should see a market cap of c. £50 million once in established production ( next 12 -18 months). So, I’d expect us to be pushing towards 20p this time next year. If further drilling hits high grades at Akrokeri and it’s mineable and gold soars above $2000, that will be the rocket fuel to send this to 50p..
highly geared
12/6/2020
17:55
The runes say that the price is going to move higher after the odd drift down or two ...
stonesp2
12/6/2020
16:55
I'll live in hope then expectations. Next week will be interesting to see how this moves. Now that I've got in at 5p I'm pretty sure it will drift down
spacedust
12/6/2020
16:20
Seems like 50p + is a real possibility now this year here, even people sitting on averages of 50p + can see that they may in fact be back in profit very soon after thinking all was lost but it seems not!
shanew48
12/6/2020
15:52
When they consolidated I lost all hope
spacedust
12/6/2020
15:52
We can only dream that this will 9ne day make it in the main market. That was the ultimate reason why I invested in this since 2009
spacedust
12/6/2020
14:09
well this is a nice surprise Back on the listings board and on the up. They have leap-frogged from the bottom of my holdings' value list to second largest in one day An impressive performance
malcontent
12/6/2020
13:27
Bigdog was there with us over a decade ago
spacedust
12/6/2020
13:27
Thanks Arab. Where is big dog these days
spacedust
12/6/2020
12:54
Good luck spacedust, I am only 65% down now !
arab3
12/6/2020
12:48
I added 50k. Here's hop8ng that if this ever hits 50p then I'll be not only break even on my 2009 and 2010 purchase but I'll 10 bag on todays purchase. Do miracles really happen
spacedust
12/6/2020
11:28
Could the volumes chart be added on this thread ?
spacedust
12/6/2020
10:16
No stopping the management now.........full steam ahead............
anley
12/6/2020
09:28
Thanks . I’ve bought some more this morning . I can’t see it going back if they are so close to production.
kcaco
11/6/2020
22:49
Check out Highly Geared posts. They'll give you as good an insight as you'll get at present.
flashheart
11/6/2020
21:44
I missed the re listing today .( no signal working outdoors ) . Plus I had decided to stop looking at the chat as It was getting a bit tiresome playing the waiting game . A lot of new names to the chat obviously with the news ( is this the norm when you get a share shoot up in price ?) . So to those posters who posted on the chat before the suspension And the rush of new posters (you know who you are) ..what’s your opinion ? I’ve said before I’m new to this game . I know everybody tags on IMO or DYOR ..so I’m cool with that . but I am genuinely looking for a few opinions with reasons
kcaco
11/6/2020
21:33
Space dust, if production goes well and they get some good follow up drill results at Akrokeri indicative of high grade ore availability, and gold pushes to $2500, you’ll get your 50p.
highly geared
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