Goldstone Resources Share Discussion Threads

[totally banjo] 06/8/2024 10:06

Positive update this morning, steady away.


"· Solid progress with the development of additional heap leach pads at Homase, with Pad 4 now complete and Pads 5, 6 and 7 advancing on schedule and on budget.

· Construction of Pad 5 now well advanced with civil engineering works completed and the liner being laid, see Figures 1 and 2.

· Earthwork preparation is underway ahead of developing Pads 6 and 7.

· Development of additional leach pads is integral to the Company's objective to deliver the planned 50,000 tonnes of stacked and agglomerated ore within six months, to support gold production targets of 1,000oz pcm."

[goldgeezer] 06/8/2024 10:02

You are both entitled to your opinion. It's childish to change my name.

[trader465] 06/8/2024 07:52

Goldgirl - I agree with Kenny, there’s obviously $12m gone missing from the GRL bank and nobody knows where it has gone except the directors, one of which has disappeared. Make of it what you will, but I think it’s probable they’ve trousered missing the $12m and got away with it

[goldgeezer] 06/8/2024 06:07

Good to see a progress update. On programme and budget. I wonder what the risks to achieving the target 1000 pm. It seems straightforward.

[goldgeezer] 03/8/2024 07:12

I do decide who I engage with. I've decided you are not credible to have a rational discussion with, so will not read or respond to you. Good luck to you though.

[goldgeezer] 02/8/2024 13:55

I had. Nothing supports your accusation. No further discussion required on this.

[kennyp52] 02/8/2024 09:50

Goldgeezer .. do your own research .. you will find it . It’s fact released in an RNS …

“The Company has, to date, recovered and sold some 5,403 ounces of gold, with the remaining contained gold, estimated to be 5,553 ounces, still within the pads. The Company is assessing the economics of re-agglomerating this ore on the heap leach pads, as insufficient cement was added and this needs to be remediated”

[totally banjo] 01/8/2024 23:02

It's going to be an interesting few months ahead especially if they start hitting their goals, happy to wait

[bumpa33] 01/8/2024 17:17

have a watch of the various video interviews with the CEO over the last number of years. If you still think this is a good play after doing so, then you need to give your head a wobble…

[highly geared] 01/8/2024 16:20

The option awards and strike prices are a tad bewildering in the context of what’s gone on in the last 2 years. Aren’t the people receiving the options primarily responsible for the mess the company found itself in and the massively dilutive subsequent issue of shares to keep the lights on and “have another go”?

[goldgeezer] 01/8/2024 11:14

That's a serious accusation. Why do you believe this.

[kennyp52] 01/8/2024 08:57

Directors noses already in the through .. they should be grateful to have jobs at all. The incentive should include finding the 5k ounces that were stuck in the pads !
At least it shows they have some belief

[goldgeezer] 01/8/2024 07:14

If they achieve their 650 pm and AISC they have USD9,750,000 FCF per year. They achieve their exercise price of 3p easily then.

[goldgeezer] 01/8/2024 06:31

Anyone who feels Emma is rather crafty should conclude she's aware production is already over 650 ounces pm.

[goldgeezer] 01/8/2024 06:30

Statement; 8.53 percent dilution.

[goldgeezer] 01/8/2024 06:22

Fair incentive offer. Potential 5% dilution if the MCAP, hence price, is doubled. Win win. I hope you receive all Emma.

[goldgeezer] 31/7/2024 10:40

GRL simply need to deliver what they've said is expected to increase significantly. Over 2p is expected upon an update that progress to 1000 ounces a month is on track as reported.

[kennyp52] 19/7/2024 19:11

Totally banjo .. you don’t want to know where over 5,000 ounces of gold has gone in a company with an MCAP of £10m ! Whilst there are investors like you Bill Trew will be back for more mugs hard earned lolly !

[trader465] 19/7/2024 08:03

Might not be?

Trew had the gold before he left

[totally banjo] 19/7/2024 01:04

Please just concentrate on the company's future kenny, might be a very exciting one!

[kennyp52] 18/7/2024 17:26

Fact … or fiction ? Fact is a dangerous word for investors … what is your source ?

[bigboots] 18/7/2024 11:15

Has anyone answered the question as to the currency fluctuations and how that affects GOLDSTONE exporting the gold.

The 5k were stolen by the locals.

Fact

[kennyp52] 17/7/2024 09:24

Still cannot get an answer to where the 5k+ ounces stuck in the leach pads went !

[totally banjo] 16/7/2024 23:14

It's going to be a very interesting 12 months seeing if they can turn the company in a positive direction, I'm in no rush!

8 July 2024
"Emma Priestley, CEO of Goldstone, commented:



"The Company remains focused on delivering Shareholder value, and this is why the difficult decision was taken in 2023 to halt production and review the design of the processing plant. Despite the many challenges associated with the Company's ordinary shares being suspended from trading for such a long period of time, the Board and management team have remained committed to building value for our Shareholders and are now pleased that the upgraded plant is delivering the improved heap-leaching gold recoveries we targeted.



"Importantly, the capital-expenditure requirements to increase gold production are relatively minimal henceforth, merely requiring completion of leach pads 5, 6, and 7 and construction of an additional pond. These works will allow the Company to further realise the considerable potential of the Homase Mine's oxide resource base, with the key objective of increasing monthly gold production to 1,000 ounces within six months and achieving [increased operating] cash flow through optimising unit costs and decreasing G&A exposure."