Goldstone Resources Share Discussion Threads

[totally banjo] 03/9/2024 12:57

Lets see if we get another monthly update in next week or so! Positive news on the other heap leach pads would be great. Was it No.4 pad that had the liner recently completed so news on whether that's gone into production or a time scale would be a big positive too!

[goldskeptic] 03/9/2024 12:36

Kenny, I get that almost everyone invested is behind the curve and fed up with the way it’s gone, but there’s no real gain in calling people dummies and stupid. Your take on Emma and the info she put out are good points, and the fact that she was CEO when this was put out is far from a positive thing for sure. How much she was under BT’s thumb is a question I ask myself, and maybe she was biding her time knowing this was ultimately a good mine, and capable of the estimated numbers if given the tools to do the job. She doesn’t come across well in interview, which also doesn’t help, but the results will speak for themselves in the coming months. There’s no hiding place now she’s stated 1000oz a month is coming soon!

[kennyp52] 03/9/2024 10:49

Some dummies on here might need a reality check . This was what the fantastic Emma Priestly put out to expectant shareholders a few years ago and the operation now is supposed to be bigger and better …

Planned gold production for the first eight months from commencement of mining now exceeds the Company's original guidance of 14,400 ounces per annum, stated in the Definitive Economic Plan ("DEP") announced on 19 June 2019. Accordingly, the Company expects to increase the planned production rate to around 50,000 ounces of gold per annum, which would represent an increase of more than 300% from the original production schedule.

She is a liar or incompetent .. no other conclusion. Those promoting her on here are stupid

[goldskeptic] 03/9/2024 09:49

Trader, it’s been a catalogue of misinformation and subterfuge. Hopefully with the main protagonist removed, the company can fulfil its potential. Without gold production, it’s just a piece of barren land with some huts and old JCB’s on it, so the price was always going to fall in the face of no gold. The reason for it failing over the last two years has been speculated about widely, but that issue has hopefully gone, and if they do hit the numbers announced as realistic, this could well offer very big returns. Stay strapped in for the ride. Hopefully the worst bumps are in the rear view mirror.

[trader465] 03/9/2024 06:52

Unfortunately GRL is not the company it once was, the directors destroyed the shareholder value

[trader465] 03/9/2024 06:47

When I bought GRL in Feb 2020 at 2p the cap was £5m, there were only 250m shares in issue, now there are almost 3x that figure now which tells me 60% of the value has been lost/stolen.

Here’s a post and a chart I posted on another thread at the time…

"trader365 - 14 Feb 2020 - 14:28:42 - 5264 of 7842 Serabi Gold 2013 re-opening
Meanwhile people here may want to take a peek at GRL. I was lucky enough to buy a few big chunks the with some of the profit made here. Near term producer will be operating along strike from Anglo Ashanti 42moz Obuasi mine. Tiny market cap of £6m and share price just starting to lift off. Huge potential for a multibagger from these low levels"

[goldskeptic] 03/9/2024 06:35

Tradee, when the price got to 14p the market cap was about £60m not £30m. There were about 450m shares issued. With dilution today that would be around 8.5p. I agree there were inconsistencies in the story and crazy projections historically, but the main reason the price is so low is that they haven’t yet produced any significant gold, so people lost faith and the price steadily declined. If, and it’s a big if, they turn from a jam tomorrow company into a producer of significant gold amounts, the price will be way more than 14p. I’m hopeful that, with Bill gone, the RNS’s are finally a true representation of what’s happening, but, really, only those at the very top know the real picture.

[trader465] 03/9/2024 05:20

“The shares have tumbled from 14p in 2021 to little more than a penny today”


That’s because of all the extra shares issued. People seem to forget, when the share price was 14p the market cap was £30m, the equivalent of 14p after all the dilution and missing $10m would be 4-5p ish.

The value was robbed, simple.

[goldgeezer] 02/9/2024 18:56

Emma mentioned the ramp up would take 6 months. That was two months ago. 300 to 1000 is a big increase, so I'd like to know production for July & August.

[totally banjo] 02/9/2024 18:35

Goldgeezer- "A huge rerate will happen when a positive production increase is announced. Any day." I don't believe you can say that!

We may get an operations update in the next two weeks which will, I assume, be about the heap leach pads and their progress rather than an increase in gold production but I could be wrong.

News on the heap leach pads is positive news as the completion of these will facilitate the increase in gold production!

Therefore I would imagine a steady rise in the share price as or if positive news keeps on flowing over the next few months and then you could easily see double figures very quickly, imo.

[goldgeezer] 02/9/2024 11:30

Agreed.Emma has stated production can ramp up to 1000 a month. Stock options include a target reduction of the AISC. If achieved the FCF would be USD15M a year. Debt can be repaid and the far more profitable exploration targets drilled. A huge rerate will happen when a positive production increase is announced. Any day.

[goldskeptic] 02/9/2024 11:18

I think the rot was down to Bill more than Emma. The share price was driven down in order to get the company for a song. He got found out though.
All seems more optimistic now, but it’s a gold mine in Ghana and all we’ve had to date is promises. Is Angela more ethical than Bill? Will any gold production be allowed to filter through to provide shareholder value in what is, at best, the African equivalent of the wild Wild West? We can only hope so.

[goldgeezer] 02/9/2024 11:15

The interview with Emma in early July discusses the issues, which were very significant but all resolved. The operation is simple, so all we need are positive updates on production.

[spacedust] 02/9/2024 09:54

He forgot to add that the shares have fallen since elvis daughter took over

[bad gateway] 02/9/2024 07:35

GOLDSTONE RESOURCES

GHANA is one of Africa’s most gold-friendly countries, with a rich history of mining and an understanding of the rewards that miners can bring.

Goldstone Resources is based in Ghana, in an area renowned for its gold. Yet Goldstone has been through the mill, hit by a series of mishaps leaving the business fighting for its life more than once.

The shares have tumbled from 14p in 2021 to little more than a penny today as chief executive Emma Priestley has navigated the group through funding crises, Covid-19, poor engineering works and a takeover approach thwarted at the last minute after months of preparation.

Such a barrage of bad luck might have knocked back a lesser mortal. But Priestley has held her nerve, negotiated with investors and creditors and kept workers on board and motivated. Now, the future looks bright and the shares should respond.

Goldstone has one mine, Homase, in operation, producing 300 ounces of gold a month. Priestley is confident she can more than triple this to 1,000 ounces by spring, increasing workers’ shifts and ensuring that ore is processed efficiently. Expanding production at a time of high gold prices will allow Priestley to put Goldstone on a stable financial footing, so she can drive production higher at Homase, while developing a second site a few miles down the road.

MIDAS VERDICT: Priestley’s ambitions for Goldstone are far-reaching but, with decades of experience in mining and in Africa, she has demonstrated that she can overcome even the toughest of obstacles. The shares are not for widows and orphans but, at 1.3p, they could prove an exciting investment.

Traded on Aim Ticker: GRL Contact: goldstoneresources.com or 020 7236 1177

[goldgeezer] 02/9/2024 07:28

What does it say?

[bad gateway] 01/9/2024 12:46

Brave man that buys the MOS in Starmers world. 12 months inside for being that right wing.
Good to know they've been tipped all the same thanks and can't be many cheap gold plays for punters to pick up anymore I'd of thought?

[smudge104] 01/9/2024 12:23

Tipped in todays MOS

[totally banjo] 30/8/2024 23:31

You do right! ADFN is just a playground, the potential from here is massive if they can produce the goods! Past performance doesn't inspire confidence but the next few months will be telling regarding updates, lets see what happens.

It's pointless posting stupid repetitive negative posts as no one is really interested in investing heavily until they can or if turn the company around!

[goldgeezer] 30/8/2024 19:20

Totally Totally, neither say anything worth reading, hence I've filtered them.

[totally banjo] 30/8/2024 18:32

Maybe trader should be looking for help from kenny :-)