Goldstone Resources Share Discussion Threads

[spacedust] 30/8/2022 08:08

Mms are not running this up. It's 808am and so is flat

[best1467] 30/8/2022 07:54

Well the market will run this up on speculation of the drill results

[botuney9] 30/8/2022 07:19

Significant and highly positive RNS today! After an informative and detailed AGM last week.

The future is looking very good - and communications have already improved¡¡

[spacedust] 26/8/2022 11:18

Fun and games over????

[spacedust] 25/8/2022 21:43

No I'm not on my.period. but I'm ok

[botuney9] 25/8/2022 16:25

Thanks Period.

You ok luv.....

[spacedust] 25/8/2022 16:03

The name says it all. Period

[botuney9] 25/8/2022 14:48

Akrokeri could be El Dorado.

For the Trew family.

Plenty of basket cases on other sites too!

LSE has wasa - who posts as if anyone's interested in his holding(if any!) or views!

Constantly. Are these people lonely - or confused!?

However many posts on this site are from those with mental issues.

Posts should be specific to a share and ideally not use 'I' more than once.

[borisjohnsonshair] 25/8/2022 14:47

I'm afraid so. MASSIVE

[highly geared] 25/8/2022 14:17

Good to see some decent posts (for once) and that this doesn't appear to be a basket case after all. An observation is that with dilution over the last 9 months, it's now back to c. £35 million market cap, so I'd argue it's up with events and needs to demonstrate consistent production for 6-12 months to underpin current levels. The Akrokeri results could light a fire under things but it will be good to see operational competence around Homase, as Akrokeri will be a different and more challenging mining proposition.

[botuney9] 25/8/2022 14:08

Up nearly 25%.....now¡¡¡

[spacedust] 25/8/2022 14:02

Almost 10p. I have the future prices. 8.75p now

[spacedust] 25/8/2022 14:02

There is massive news coming. Does any one want the rns in advance?

[borisjohnsonshair] 25/8/2022 13:57

Still am - you fool!!! It'll be there after the next official news!!! None of this AGM pub feedback. AIMS gunna take this to the cleaner you moron!!! Laughing at you LOSER - 14.5p ha ha ha

[botuney9] 25/8/2022 13:55

Up nearly 17% now!

Trew and his mates impressed quite a few....

[spacedust] 25/8/2022 13:46

spacedust

9 Aug '22 - 19:00 - 8279 of 8302 

Here is the RNS that's going to be issued on 24 August 2022. I have this RNS in advance.


RNS Number : 4337L

Goldstone Resources Ltd

24 August 2022

 

GOLDSTONE RESOURCES LIMITED

("GoldStone" or the "Company")


Result of AGM

 

GoldStone Resources Limited (AIM: GRL), the West Africa focused gold exploration and development company, is pleased to announce that, at the Company's Annual General Meeting held earlier today, all resolutions were duly passed.

[trader465] 25/8/2022 13:41

But weren’t you waiting for 2p to buy? Idiot.

[borisjohnsonshair] 25/8/2022 13:40

Short!!!! BINGO - bogus AGM pub banter and it rises. Lovely. I'll have that 10% now for a drop.

[botuney9] 25/8/2022 07:36

Similar (some identical) posts on LSE - confirming a positive situation (with frank replies to questions) which was made to seem worse by acknowledged poor PR and lack of communication/information.

I echo the final sentiments of pantsonfire and postman - and am going nowhere soon. At least until the highly reputable and experienced Bill Trew considerably reduces his 120m shareholding!

Another gold pour....at the end of this week - says one of the posts (pantsonfire). Who wouldn't wait to see what that throws up!? Shareholders haven't been slow to criticise - let's hope BT takes it on board.

[portman48] 24/8/2022 23:30

I was there today too, and fully concur with this summary. Obviously, space precludes putting down everything that was discussed, but I think P.O.F has conveyed the positive vibe well.

Make no mistake, they are massively excited by Akrokeri, and it seems we are not too far away from some positive news on this front. As the OP said, we were told a couple of months to drilling results, (which they expect to be very good based on what they’ve done so far). They really believe Akrokeri could be a monster! And because a lot of the hard work has been done/problems solved while getting Homase into production, it was said the rate of progression for Akrokeri should be much faster. I hope the fairly substantial presentation document we were given is published, as this also helped convey the layout and scale of the operation in a way I haven’t seen before.

Like all of us, I imagine, the (acknowledged) lack of info has knocked confidence, and with the share price dripping consistently down recently, a number of us would have seriously started to question our judgement in investing in the company. Personally, today put me right back on track, and I’m not easily fooled, nor wet behind the ears.

From what I heard and saw today, I think these shares are a real bargain at the price (and also at 10p/15p come to that). Until the good news filters through, and the share price finally moves substantially upwards, should you question whether we’re being spun a yarn, and whether it’s possibly time to cut and run, ask yourself this. If it’s a lame duck, why is an industry veteran like Bill Trew still in this after five years? Why is Emma out there in the middle of nowhere working her socks off? I reckon they would have been out and looking for other opportunities long ago.

This is a gold mine in Ghana - so it was always going to be a bumpy ride. But is it a journey worth sticking with? I absolutely believe it is.

[archlight] 24/8/2022 21:23

Thanks P O Fire.

[pantsonfire] 24/8/2022 21:17

I attended the AGM today, and made the following notes:
All motions were passed without significant opposition. The interesting part started with the questions. Note here that AGM was not minuted, and I was taking down points as well as I could, so these may not be a totally complete record. But I think they were a pretty good verbatim account. I invite other shareholders present to correct me if they see any mistakes.
Q: Recovery rates. A: It is very difficult to anticipate recovery rates accurately from a first run, and that proved to be correct for pads 1 & 2. However, performance has improved with experience, with many lessons learned, such as the sensitivity to oxygen content in water. They also learned that they need to crush finer, because the clay like material was forming agglomerates. They feel very confident today that recovery rates are trending towards expected recovery rates.
Q: Are production targets still the same? Yes, 14,000 ozs as stated previously. Bill suggested (if I understood correctly) another gold pour was due end of this week.
Q: Are Goldstone able to recover the loss from the gold loss (robbery). A: No. They are a small operation in a high crime location, which makes it difficult to insure, and today impossible. They have improved security and have learned lessons. They mentioned that nearly all mines in this region suffer losses in one form or another and that some have a provision of around 10% for this which shows Goldstone are by no means unique in this event.
Q: What is the news on the drilling programme? A: The Akrokeri drilling programme has started this week, where the first drill hit former mine workings. That’s both good news and bad. Bad because drilling stopped. Good because it means they’re in the right place. They have now moved further south. Results are expected within about 2 months (more later).
Q: What’s the situation for diesel? A: Now available but is now more expensive. However, the impact on overall costs is too early to tell, and is guessed today at about 5-10%, which will increase as drilling goes down, but is difficult to predict today with great accuracy.
Q: PR/IR has been awful. Do you accept this, and what do you plan to do to change, if anything? A: Yes we accept this, but we were ploughing every penny into our mining operation, and not diverting any into potentially expensive PR. We have also been severely constrained in what we could say by our NOMAD. But we intend changing PR/IR, and are for example redesigning and updating our website, which we accept is severely out of date. A new Presentation will also be issued shortly. There was definite frustration with Nomad and divulging information. Stated they were not in position to change due to historic legal case situation still technically being open even though the matter is now resolved. Bill said AIM restrictions also causing them to not be able to put out descriptive updates rather than factual. May be genuine slip of the tongue, but Bill did seem to imply something in the offing.
Q: What will the company do to return value to shareholders? A: It takes a lot to build a gold mine, but the management in Goldstone have done that. And they have achieved this with a very low level of debt. For the future they will ramp up production, and improve recovery. They are expanding the plant and the pads. “Let us remind our shareholders that our overall rational is not to stop with Homase, but to use this as a low hanging fruit to fund the exploration and development of Akrokeri. Today in Homase we are getting 1.4-1.5g/ton of gold, whilst in Akrokeri earlier grades have been around 50g/ton. The drill results from Akrokeri could therefore be a game changer, and with a potential 6km seam, this could be a world class deposit. There are 15 holes drilled to date, and they have 18 more planned from the present programme. If the results come good, this will have a real impact, and be a driver on share price”. Bill suggested that they would hoping to get news out on Akrokeri initial drills end of October, and If assays results were in a log jam in Ghana due to the big boys pushing their stuff ahead (paying more for the privilege), then they may look at send to South Africa. Dividends were hoped for end of this year, but hoping all things will progress to allow that this time next year. (Get the feeling this was about Paracale wanting to see something back sooner than later, on the basis they originally hoped for a return in 3/4yrs now more like 5/6yrs.)
To summarise Bill, “the company is virtually debt free, and is a shareholder driven company, of which I’m the largest one!”
Now for my own comments:
They were very optimistic indeed that the Akrokeri results would be extremely positive. Bill said on a number of occasions that if he could buy more shares, he would, but is precluded from doing so.
PS. I met with several other shareholder after and we went for a drink together. We all had the same concerns, but which we all felt had been answered. We exited feeling very positive indeed.

[botuney9] 24/8/2022 20:39

Rhetorical questions are silly too.

Watch LSE tomorrow and learn the facts.

Before posting rubbish/lies again....

[kennyp52] 24/8/2022 18:59

Great stuff .. so are we back on for 20,000 ounces + ?

[botuney9] 24/8/2022 17:23

RightOn is the LSE poster/investor to give a synopsis of the meeting.

Specifics are required now. Not - 'deluded' and 'waste of time'!