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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 26901 to 26925 of 27475 messages
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DateSubjectAuthorDiscuss
17/6/2020
16:48
Another decade.. you've got patience... I'm sure you only need to wait months for a +ve move ...
stonesp2
17/6/2020
16:45
Thats the spirit more glass half full than half empty :)
gasman10
17/6/2020
16:43
Rome wasn't built in day yet the universe was in 6 days. Rome took decades. I've been in grl longer than it too to build Rome. I'll wait for another decade if need be.....not much else I can do
spacedust
17/6/2020
16:39
Spacedust, chin up its going in the right direction. Rome wasn't built in a day and as with all mining start ups there are delays, twists and turns along the way. Im sure with the calibre of the board we have they will get this over the line and then some.
gasman10
17/6/2020
16:11
I really hope you're right gasman I've been suffering for over a decade
spacedust
17/6/2020
16:10
Spacedust, past experience is not always a determinant of future trends, especially when there are numerous inflection points on the horizon. Thus, sit back and let the market re-rate the shares. It's doing it now. In the meantime, keep a close eye on this trend... 12 June 2020: An undisclosed Ghanaian company is making great strides in the acquisition of the highly promising Namdini Gold Mining asset in the North of Ghana” of Cardinal Resources Limited… 12 June 2020, 14:55 BST: Chinese miners are buying up small Canadian gold producers as gold prices have rallied about 35% from the start of last year…. Zijin Mining has been on a buying spree since announcing in November last year that it planned to seek out M&A opportunities in gold mining projects that are currently in production or will commence production soon….. Https://www.ghanaweb.com/GhanaHomePage/business/Ghanaian-company-makes-strides-in-domestic-gold-mining-asset-acquisition-978607 Https://www.globenewswire.com/news-release/2020/06/16/2048650/0/en/Response-to-Ghana-Media-Speculation-and-Continuing-Strategic-Process.html Https://www.bloomberg.com/news/articles/2020-06-12/china-scooping-up-canadian-miners-after-gold-rally-heats-up-m-a
marketanalyst1
17/6/2020
15:56
I think actual gold production will see this rise towards c 20p on mine extension.
gasman10
17/6/2020
15:46
Also dont be surprised if you see this decline on fantastic news....once again speaking from experience
spacedust
17/6/2020
15:37
On permit news this will be 5p to 6p. It will only go up gradually once profits start coming inside our pockets. Value of license and mine will and has never been reflected in grl share price for some reason.
spacedust
17/6/2020
15:26
25,000 oz annualised. c. $900 net revenue (after costs) = £18 million net. Deduct G&A and exploration, ongoing CAPEX, say £15 million net. Allow 3x EBIT for current short LOM , so fair value c. £45 million. Share price c. 20p. with UPSIDE if LOM extended.
highly geared
17/6/2020
15:16
What sort of share price do you think this will get to if the mine etc is at full production?10 to 15p range fair value??
gasman10
17/6/2020
13:00
We still have the AGM to come with the Y/E 2019 accounts and that will be a tidy up segment of business out of the way. Then news of permits and licenses and perhaps a time table of events to take us up to the end of the year. There is holding up Emma now after all the hard work she has done this last 18 months and the moral of this story so far is that events can take longer to come to pass.
anley
17/6/2020
12:45
I'm convinced it will get to at least 15p soon but don't want to tempt fate .... with the usual caveat DYOR
stonesp2
17/6/2020
12:39
I'm sticking with it. Long termers have little choice 50p needed so another 1000%
spacedust
17/6/2020
12:28
I agree... don't sell on emotion ... research is all as they say in the movies!! (.):
stonesp2
17/6/2020
12:09
Stick with it....
stonesp2
17/6/2020
10:47
Market good write up but ask yourself why this is at 4p then??? MMs never liked this share well not for the past decade anyway.
spacedust
17/6/2020
10:18
In my last post, I cautioned private investors not to fall for the 'head fakes'. Well, today, some of them did and, consequently, lost their shirts at 3.75p. And within a span of 15 minutes, the price had moved from 3.8p to 4.3p, with the City boys flushing out all the weak holders to get their hands on limited GRL stock; classic text book antics that work over and over again, and that repeatedly suck-in gullible punters. So, for those new to GRL, here's a recap (of my previous post) of what's at stake: The company’s current market cap is £10.50m (4.2pence 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 £7m. Think about that for a moment... £7m, against a current post-tax NPV of £23m (at US$1,735/oz gold price), is simply ridiculous! But it gets worse… The £7m valuation assigns ZERO value to the asset’s significant post code; AKHGP lies 7 miles along strike from AngloGold Ashanti’s Obuasi Mine which is targeting 350,000 ounces of gold production in 2020. The £7m valuation assigns ZERO value to Paracale Gold and BCM’s presence on the BOD. PG and BCM are globally renowned, hardened, and highly respected gold investors who collectively own 48.2% of the company. Finally, the £7m valuation assigns ZERO value to the fast approaching inflection point – gold production. Remember, Ghana's EPA is due to issue the Environmental Permit imminently. The issuance of the EP will then trigger the immediate commencement of mining operations. So gold production (and subsequently cash flow) is likely to commence next month. Thus, the shares, which currently represent an extraordinary market anomaly, should be trading at 12pence per share (fair value) ahead of any production news. However, that being said, and valuing the company on a DCF (Discounted Cash Flow) model once cash flow commences, throws up significantly higher values. In the meantime, all the 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. A second wave now appears a real possibility. • 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. Howard Stanley Marks, the serial value investor and founder of the multibillion, wealth management firm Oaktree Capital Management, once opined that: "All intelligent investing is value investing — acquiring an asset for less than its value means seeing what everyone else sees and thinking what no one else thinks." ATB and stay safe. .
marketanalyst1
17/6/2020
09:54
Geared I hope the share price flies on permit news but if history tells me anything about grl what is likely to happen is the share price drifts towards 3.5p Then permit news is announced and we are back to 4.2p only to see it drift back down below 4p. This has been the course of action in grl for decades
spacedust
16/6/2020
23:31
Just re reading the 16th March RNS on funding. It states the environmental permit application is submitted and expected to be approved within 3 months. So, we’re exactly 3 months ago, so it should be imminent. The RNS stated that Mining will commence immediately on receipt of the permit. So, there’s a possibility that contract mining starts as early as next month...
highly geared
16/6/2020
15:20
I've been in this for several years now since the share price was in the doldrums and have traded a little. Essentially this looks to be turning the corner and it's great to see a profit.. may even slice off some as we go but no more than say 40% ... got to stay in this for the medium to long term ...
stonesp2
16/6/2020
14:19
Thanks anley doing utmost best to stay positive as you'll clearly remember it's been similar situations decades ago when we had the likes of Bendigo mining taking positions at premium then in came stratex mining. But the main difference we are producing so hopefully the rvenue generated will mean no more dilutions
spacedust
16/6/2020
13:51
KCACO....do not try and be a trader just buy because you have researched a stock to the best of your ability and remember how to take cut a loss. GRL is run by a women who has been morally supported by 2 big shareholders who have let her reorgainse the business and clean it up. All this has taken her nearly 2 years and now at long last she is at the starting gate.........so well done her and now as she has told the market "this is going to be a different story". HighlyGeared as spelled out the figures in previous posts and I support them. £11m M/C for the assets the business has to which one should add an estimated figure for the cash flow once the production gets going......and that could make the shares worth substantially more than 4p+. Lastly there is a position being unwound and once this has gone and the permits announced in a few week then the share turnover should reflect this good news. Hope this helps.............
anley
16/6/2020
13:22
Thanks guys . I suppose it’s knowing when to take a profit and then buy back in or buy elsewhere or whether to hold long term. I’ll give it a year . GRL is moving up a bit yeah .
kcaco
16/6/2020
13:12
I need to sell 3 more aim companies then I'm put of them for good never to return to aim companies ever again I'll stick to the likes of barcs and bp glencore Bt Iag Lloy Fres Etc etc
spacedust
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