Goldstone Resources Share Discussion Threads

[highly geared] 05/2/2021 10:06

Gut feel is permits are v close - on the basis the market always knows...BWDIK.

[spacedust] 05/2/2021 09:52

Getting closer to september so gold pour should be by September

[highly geared] 03/2/2021 15:10

Like this bit:


So what does the 257% resource increase at Homase South mean?

Well a heck of a lot actually! As previously mentioned, Homase South is one of three pits within the current 602,000oz JORC resource. This JORC resource does not include additional resource from the previous 2011/12 and just completed 2020 drilling programmes. The resource is therefore likely to increase significantly and the company will be updating the JORC as signalled in this weeks RNS.

The thing is, this is probably the tip of the iceberg given that similar resource increase could be seen at Homase Main and North, basically they have gone deeper given the resource was open at depth.

The resource is not only open at depth but along strike too – the Homase Trend just keeps on going (in the words of the company). So not only can the company expand the resource at the additional pits there is likely a series of further prospects that could be identified through exploration along the Homase trend. In fact the company have signalled they are considering an exploration drill programme, however thats not immediately important right now given the Phase 1 mining operation is the key to advancing the projects.

Perhaps the most exciting and I think un-noticed information in the RNS is that the 257% resource increase will translate into ‘substantially increasing production and processing rates‘ not to mention the increased grades.

What could this look like? Well we will need to wait for the updated DEP (Definitive Economic Plan) the company will publish. However, I’d suggest that a resource increase from 33,000oz to 120,000oz (just at the Homase South Pit) could mean the company could double or even treble the original Phase 1 planned production of 14,400oz pa

[maverick247] 03/2/2021 13:56

Sponges latest blog

[highly geared] 03/2/2021 13:01

From 2 months ago, has to be imminently, surely? Everything fully site assembled :

Update re Homase South

The Company continues to liaise closely with the EPA regarding the issue of the Environmental Permit and with the Ghanaian Minerals Commission on the operational permits for the Homase South Pit. Though the COVID-19 pandemic has caused delays in this regard, we remain in a position to immediately commence operations upon receipt of the permits, with an estimated timeline for the first gold pour being within two months of such grant.

The Company has now taken delivery of the majority of the processing plant required at Homase South, including the pad HDPE lining system along with crushing, screening, agglomeration and conveying and stacking equipment, which has all been fully assembled and cold commissioned. The Company has also received delivery of pumps, carbon in column ("CIC") columns, electrical control panels and 4 x 500 kVA diesel generators at site, ensuring that operations at site will be protected from the risk of unstable electricity supply.

Emma Priestley, CEO of GoldStone, commented:

" We are pleased to have received approved by the MLNR for the expanded Lease and continue to work closely with the relevant Ghanaian Ministerial bodies to finalise the grant of the requisite permits to enable open pit mining to commence at Homase South Pit ."

[hazl] 03/2/2021 10:27

It's about the right postcode!

[hazl] 03/2/2021 09:48

On the move again?

[stonesp2] 02/2/2021 15:01

SD. That would make us all a little richer ::))

[hazl] 02/2/2021 13:41

GRL

Doing well.

[spacedust] 02/2/2021 13:36

This should be a billion pound mkt cap company on permit news

[highly geared] 02/2/2021 12:41

Bullish descending wedge appears to be in the making. Good base for leg up toward 15p when the permits land .

[hazl] 02/2/2021 09:48

Exactly!

The chart is actually looking quite glorious.

[anley] 01/2/2021 17:06

But the share price goes up.......

[hazl] 01/2/2021 16:19

These late buys to look like sells..... tut tut.

[kcaco] 01/2/2021 16:03

Let’s hope so .

[maverick247] 01/2/2021 15:49

Here we go

[hazl] 01/2/2021 15:36

....and a bank of trades....hmm.

[hazl] 01/2/2021 14:42

Nice large trade there.

Hopefully a buy.

[spacedust] 01/2/2021 14:21

What is the most frustrating share in the history of mankind?

Clue: name begins with G and its in the mining sector

[hazl] 01/2/2021 13:42

Poor old boris nothing but bad luck on your share.
If I was a meaner type I'd be over there giving you some of the same treatment.

Luckily I'm a bit more grown up than that and considerate to others on that thread.

[borisjohnsonshair] 01/2/2021 13:06

Lovely jovely bonds for buddies.

[borisjohnsonshair] 01/2/2021 12:44

You'll hear when there's insufficient funds for their salary. Then you'll get the dilution notice.

[spacedust] 01/2/2021 12:00

Disgraceful comms from the management. Leave shareholders in gutters as they're not worthy of an explanation of the delays even in a tweet. 2 yr gold pour delay. Half a yr permit delay. Should be before September 2021