Goldstone Resources Share Discussion Threads

[best1467] 27/5/2021 16:16

Nerve struck

[borisjohnsonshair] 27/5/2021 10:04

17 Days until bankrupt

[kennyp52] 26/5/2021 19:42

🤣🤣🤣🤣9315;

[borisjohnsonshair] 26/5/2021 14:23

Yep - speaking with Trader he said he's got this one wrong buying back in. He's apologized for being a total idiot and is now putting all his life's £200 into SRB. A moron but needs help not a piece of four by two wrapped round his useless head

[borisjohnsonshair] 26/5/2021 11:59

Wise money dumping this insolvent dog ? ?, fir the cash rich sleeping giant SRB. 15th June 3M shares get dumped for anything above 3p. Woof woof - Christ what an absolute imbecile I must look like.

[mohamed mawraz] 25/5/2021 15:38

Oh bozza, you really are a stuck record. I'm thinking about making an entry into SRB when it hits 3p. Shouldn't be too long! 🤭

[borisjohnsonshair] 25/5/2021 14:52

Oops - lower rises big drops - FUNDING - How, when - DILUTION. Gunna be a great opportunity for me at 5-6p

[highly geared] 25/5/2021 10:35

If they do nothing else but mine out current Homase resource, clean up the site on completion and hand back operating profit after tax to shareholders in dividends, after 5 years m you’ll have received c. 35p.

The above excludes the other Homase pits, deepening and expanding the current Homase pit and reopening and mining Akrokeri.

Absolute no brainer at these levels...

[stonesp2] 25/5/2021 08:42

Agreed... next rerate to circa 25p..

[tansulondon] 24/5/2021 16:51

If 80k tons is on the HL pad in May and chems arrived 15.5 you can work out production of first gold carbon all by yourself I think? The constant requirement for 'news' by some PI's is tantamount to a baby crying for a bottie. However if you don't believe the management RNS's that's different, you should def sell and invest somewhere else.Personally if it's late a month (first pour) or two I don't think in the grand scheme of things its worth worrying about. They have said funding needed, we know june requires cashflow based on RNS's!! Thinking also about Ebitda, FCF and proving up from where we are atm. DFS update, increased LOM, increased JORC, plans at Homese and Akrokeri. Will we be a £40m Co in 12 months at likely $2k oz? Invest or sell down on that basis imo.

[stonesp2] 24/5/2021 13:46

Don't be spooked by the naysayers...

[highly geared] 24/5/2021 13:37

Gold pour likely Q3 as gold takes off above $2000 again as the inflation genie is now out of the bottle ( at least for the next year)..

[borisjohnsonshair] 24/5/2021 10:11

Tick tock tick tock - insolvent.

[borisjohnsonshair] 24/5/2021 07:14

It's a deliberate delay, hence default for bond holders gifts. Beware dumping of the warrants. The bond holders don't want them as they'll know about the future dilutions. They'll sell at anything above 3p as it's free money and helps them with more freebies in the future. Rinse and repeat. The delay to" increase efficiency" is an incredible cop out!!! Yeah yeah the Cheques in the post ....

[kennyp52] 23/5/2021 19:08

Erm ... let’s take a look at the communication that we have been given ...

"This allows us to move forward with bringing the Homase South Pit into production, with the first gold expected to be produced in the fourth quarter of 2020."

“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”

19th February “We are also pleased to announce that both the Mining Operating Permit and the Water Use Permit for the Company's Homase South Pit within the AKHM Project (the "Project") (the "Permits") have been awarded to the Project. The Company now has all of the key permits required to progress the developments at the Homase South Pit and looks forward to updating on progress in due course.”

Now forgive me if I think shareholders deserve clarification and an update as to when incredibly important cashflow will commence when these releases at best have not been accurate ... at worst represent incompetence or hiding an issue . This should now be at gold pour and it is not ... we have no clue what is going on . This is the communication we need IMO ... when is gold pour now expected ??

[tansulondon] 22/5/2021 10:31

Have they failed to communicate with us? Last update was v thorough and clear 25kozs 2021 May to Dec, 50kozs 2022. 80,000 tons of ore on heap pad as at 6.5.21 equating to one months production, potentially 2kozs a month from July. Stacking is progressing and set to ramp up to full capacity (probably there by now). We know HL process takes 2 months. They make clear a funding requirement in RNS but based on stated plan it's a v short term problem. If they bring forward the gold room then that's another positive. Potentially we are 1 month behind, payment of interest on loan due mid June, we will generate significant free cash flow from July onwards, enough for capital repayment... Simplistically 2koz is $2.5m a month after $600 an Oz prod costs at $1850 gold. It's AIM and if we get a hit because of a small raise I'll see that as an opportunity, major holders in management are not likely going to shoot themselves in the foot, so I think we'll be ok. GLA

[kennyp52] 22/5/2021 08:12

Tansulondon .. it is a little worrying that they put the gold pour back when they have these liabilities around the corner . Or is that a sign of confidence ? Surely nobody would be so stupid as to risk not meeting these deadlines when they are stockpiled and just need to gold pour ? Logic says this must be under control ? The failure is communication to the shareholders ?

[tansulondon] 21/5/2021 17:37

The Bond Notes which are owned by two of the three major shareholders to be extended is likely imo. PG and BCMI might decide to do that given they are major shareholders. Funding issues to be addressed next month in that interest is due on 30 June 2021 on a Gold Loan of $2.775m. The loan itself is repayable by 19 September 2021. Gold pour should take care of that capital repayment, interest due in June will be repaid by first pour, albeit negotiated by late payment perhaps. Unsecured Bond Notes owned by Paracale Gold and BCM Investments – 20 at $50K ($1m) each repayable 15 June 2021. Notes repayable at $1,450 per oz or cash or new shares. Undoubtedly they know already precisely how and when this will be dealt with and they will be supportive as they are also key/major shareholders - so not going to sabotage themselves. We will know soon, am not concerned if we raise sensibly which given the equity structure we I think will.

[highly geared] 21/5/2021 14:30

I have BJH filtered.

[borisjohnsonshair] 21/5/2021 14:28

Trader - sold at loss after averaging up. Then brought in at aN ALL TIME high for a bankrupt company because of comical news. You are A MUG A LOSER AND A HORROR OF A HUMAN