Goldstone Resources Share Discussion Threads

[kennyp52] 15/11/2020 20:03

Predictions on share price when permit is granted and confirmation from company we are in production ? IMO ... upwards of 12-15p

[maverick247] 14/11/2020 16:52

What this week news means for patient holdershttps://spongeshare.com/2020/11/14/goldstone-drilling-rewards-with-a-247-resource-increase/amp/?__twitter_impression=true

[hazl] 14/11/2020 07:53

Nonetheless they have held up really well.....look at the chart!

The choppiness in a horizontal line shows the market expects QE and has faith in the continuation of gold price strength.

This is fairly typical of gold stocks across the board.
If you follow and cast negativity every time the share drops back a minute amount you will lose direction.
Of course constant negativity is an unwelcoming board for potential new investors, in my view .
Is it better to wait and see or rush in to a climbing share price when the permit is announced?
That is upto the individual.

[kennyp52] 13/11/2020 22:09

It’s pretty simply IMHO .. the market needs to know they are producing .

[hazl] 13/11/2020 22:05

Who needs shorters when you have investors like these?
Spaced out more likely.


It's totally your fault if you bought at the top of the cycle.
Accept your own frailties instead of blaming the company.

This company is following a very similar trajectory to other gold firms.
If you did a bit of research you would find that out.

[spacedust] 13/11/2020 16:29

Gold up
Gold stocks up
Grl great news = decline in sp

Time to put my rose tints on.

[spacedust] 13/11/2020 16:27

Yet the share price declines .......all fantastic news and share price drops

[hazl] 13/11/2020 16:23

The infill Reverse Circulation ("RC") drilling programme at the Homase South Pit consisted of 22 holes totalling 2,444 metres. The programme sought to further define and extend the mineable resource down-dip at the Homase South Pit to a vertical depth of approximately 60 metres.

As defined in the DEP , the South Pit is targeting the oxide resource known to extend to a vertical depth of 30 metres, based on previous drilling completed by Goldstone in 2011-2012 which defined the Company's existing JORC resource of 602,000 ounces of gold with an overall grade of 1.77g/t. The recent drilling programme confirmed continuity of the mineralised zone well below 30 metres, where it also returned multiple grades of up to 2.5g/t, in both the transitional ore zone (approximately 5 metres deep) and the underlying fresh ore zone, thus confirming the potential for considerable expansion of the planned pit.

Based on a the current gold price and prevailing mining costs in Ghana, the Company is confident that the mineable resource for the Homase South Pit, being the resource confined within the Homase South Pit that the Board believes can be mined after taking into account economic parameters including price and cost of production, now stands at 120,700 ounces of gold, representing a 257% increase, from the 33,800 ounces of gold stated in the DEP, see Table 1.

[smudge104] 13/11/2020 14:45

Keep talking it down, 250k added at tad under 8 thanks for your help

[borisjohnsonshair] 13/11/2020 14:16

Definitely 1. I'm just giving it back. It's not my style

[maverick247] 13/11/2020 14:08

Boris I guess is one of four things

1) stalking an individual to talk one of his stocks down
2) A Market Maker who wants price down to balance book given they got no equity raise
3) Has another short interest (doubtful but possible)
4) Is a caring fellow investor that has concerns he wants to share for the good of the investment community

The latter doesn't really exist lol

[borisjohnsonshair] 13/11/2020 13:38

Yeah maybe. He wont let go though.

[borisjohnsonshair] 13/11/2020 13:38

Just placed by buy order 2.5p

[kennyp52] 13/11/2020 13:38

Boris behave ... you are going way beyond stalking trader now

[borisjohnsonshair] 13/11/2020 13:37

Speak to him, sorry

[hazl] 13/11/2020 13:37

Positive results from the drilling programme at the Homase South Pit

- increased the mineable resource by 86,900 ounces of gold at depth, representing a 257% increase on the previous estimate of 33,800 ounces of gold, within the existing JORC resource

- the AGC Feasibility Study, assessed both the oxide/weathered zone and underlying largely sulphidic mineral zone ("fresh ore") and concluded that both were predominantly non-refractory

- confirmed the potential to expand the Homase South Pit at depth, exploiting both the oxide ore and the underlying fresh ore

- further demonstrated geological and grade continuity within the Homase Trend, including parallel zones within the fresh ore

- as per the DEP, the open pit will be free dig, though below the 30 metre deep weathered zone, different mining methods may be required

-- The metallurgical test work corroborates the test work completed by AGC in 2001 before developing the Homase Main Pit, in that the fresh ore is non refractory and is amenable to rapid leach recovery

-- The Company plans to update the DEP, including upgrading its mine plan, to substantially increase the production output and processing rates for the Homase South Pit based on the 257% uplift in the mineable resource as a result of the drilling programme, as well as add to the wider previously estimated JORC resource

-- Continued dialogue with Ghanaian Environmental Protection Agency ("EPA") regarding the issue of the Environmental Permit and with the Minerals Commission on the operational permits for the Homase South Pit, despite delays arising due to the COVID-19 pandemic

- the Company will, upon receipt of the permits, be able to immediately commence operations, with an estimated timeline for the first gold pour being within two months of such grant

-- The Company has submitted an application for the expansion of the mining lease area within the existing exploration licence areas

-- Community mining areas within the Akrokeri Exploration Licence have been inaugurated by The Honorable Kwaku Asomah-Cheremeh, Ghanaian Minister of Lands and Natural Resources

Drilling programme

[hazl] 13/11/2020 13:36

Update on Permits for the Homase South Pit

GoldStone Resources Limited (AIM: GRL), the AIM quoted gold exploration and development company focused on bringing its Akrokeri-Homase Gold Project ("AKHM") into production, is pleased to announce the results of the recent infill RC drilling programme at the Homase South Pit announced on 17 July 2020, together with the results of the associated metallurgical work.

The objective of the drilling programme and metallurgical work was to seek to increase the quantum and confidence in the mineable resource at depth in the Homase South Pit. In addition, the Company completed further metallurgical test work on samples from the drilling in order to demonstrate the similarity between the minable resources in the Homase South Pit and those set out in the feasibility study completed by Ashanti Goldfields Corporation Ltd ("AGC") (AngloGold Ashanti Ltd) in 2001 in respect of the Homase Main Pit (the "AGC Feasibility Study"), which was subsequently mined by AGC in 2002 and 2003.

The GoldStone Board is therefore confident, based on its extensive experience and the substantial increase in the mineable resource determined by the programme, that the Homase South Pit can be significantly extended at depth and mined economically. Accordingly, the Company will seek to update the Definitive Economic Plan ("DEP"), announced 27 June 2019, to reflect the increased mineable resource .

The Company also provides an update in respect of progress regarding the permits required to commence production at the Homase South Pit.





Looking promising.

[hazl] 13/11/2020 13:32

Oh for goodness sake why dont you use your time more profitably?
You have admitted your remarks are just about a spat between you and the trader!
How very childish!

[borisjohnsonshair] 13/11/2020 13:29

This is a good prospect and potential future mine, but for PIs today its money down the drain - 96% dilution

[borisjohnsonshair] 13/11/2020 13:29

They got debt in exchange for gold in the future, however license delayed years, so money required = dilution and the bond holders take over for free. Lovely job

[borisjohnsonshair] 13/11/2020 13:27

Gold up but not relevant here as no gold

[wassapper] 13/11/2020 12:13

GS - from the RNS. This is not JORC: "The mineable resource is a non-JORC compliant resource"

[yorkie14] 13/11/2020 09:03

Spacedust compares Apples with Oranges. The company you originally invested in are million miles o the company today. Different board, different mine and different shareholder base. If you for some strange reason think the share price has gone nowhere, simply look at the top of this header and notice the share price has gone from 2p 6 months ago to 8p today (300% rise). Ohh and before you say it (8p cannot be broken)! Well we have already cleared 9p once this last 6 months and we will shortly be heading for double figures. SPACEDUST YOU ARE FILTERED for constant drivel.....