Goldstone Resources Share Discussion Threads

[kennyp52] 06/10/2024 16:23

Not at all Goldgeezer .. but I do genuinely think you are a moron 🤷‍a94;️

[totally banjo] 04/10/2024 19:07

Reminder from the Interim Results (30th September)

"Our primary focus remains the production from, and exploration of, the Homase Mine, located within the highly promising Ashanti Gold Belt.

While 2023 brought its challenges, particularly in meeting production targets, we have emerged in 2024 in a much stronger position. This recovery has been supported by the deferral of our secured gold loan repayment to December 2025 and a successful fundraising initiative.

At the producing Homase Mine, significant infrastructure upgrades have been implemented, enhancing the mine's long term capacity. Accordingly, I am pleased to report that H1 2024, we produced 1,333.81 ounces of gold (2023: 124.80).Post period end, the Company has continued to produce approximately 250 troy ounces per month, with latest full month production in August 2024 being 236 ounces of doré.

Our optimisation strategy at Homase continues to progress well as we look to deliver 48,000 tonnes of stacked and agglomerated ore by the end of the year. The Company is currently stacking some 150tph on a single 12 hour shift , and towards the end of 2024, will be running two shifts, for a 24 hour operation, as we build up to 48,000 tpcm, which is expected to facilitate production of approximately 1,000 oz doré per month from the beginning of 2025, based on the current recovery rate of 68% and at a stacked grade of 1g/t.

The strategy also includes the development of additional heap leach pads, which are on track and within budget; Pad 5 was completed post period end, and earthworks for Pads 6 and 7 are underway."

[goldgeezer] 04/10/2024 16:15

Tax free losses - well done. You've nailed this investing game.

[goldgeezer] 03/10/2024 07:27

It's not profit ?. At least you'll never care about labours CGT. Never an issue for you.

[kennyp52] 02/10/2024 22:51

lol .. you really are a moron aren’t you ? I wrote these off a long time ago .. you have to take a few hits on AIM .. it’s the name of the game. So tell me ..which suspect executives have gone ? Which are still there managing the project and issuing the RNS since the re-listing? You trust the new appointments ? Do you even know who they are ? I hope you are right on the guidance but imho the company is a scam but the good thing for me is any increase in value is 100% profit on my portfolio 🤷‍a94;️

[goldgeezer] 02/10/2024 10:03

You are a long time holder, having invested when these were the production targets. If you were not aware of how they'd meet their objectives, it's not surprising you've lost most of your investment. I'm a recent investor aware that the suspect executives have gone, a secure facility has been constructed and the plant and site development can easily deliver the current production targets.

[kennyp52] 02/10/2024 08:21

So let me ask this … how were they forecasting 28,000 Oz per annum production years ago if they only have the plant to do it now ? 🤷‍a94;️

[trader465] 01/10/2024 18:07

That’s great news, Lehman Brothers had $60b revenue! How much profit did GRL make on the revenue?

Why is the gold recovery rate only 60% here while >90% at most other gold miners? Where’s the gold going? It looks like they have holes in the heap leach liners?

[goldgeezer] 01/10/2024 16:19

Revenue has increased 1060 percent, year on year.

[goldgeezer] 01/10/2024 15:04

The loss was a necessary evil to increase production. It's been invested in plant, equipment and site development. In addition to the expenditure, credit had significant interest. The expenditure is a one off. The debt can easily be cleared with the forecast production revenue. It's all entirely expected, to most.

[totally banjo] 30/9/2024 13:49

Well I just bought a few more, so let's see what happens in a few months!

[totally banjo] 30/9/2024 11:47

Well, it's all going to plan so far and not long to wait! I might even buy some more and get my average price down.....

I've only had a quick look but in today's Report it states:

"Focus on delivering gold production target of 1,000 ounces of doré a month from January 2025."

In a progress update in August it stated:

"to support gold production targets of 1,000oz pcm."

I'm no expert (on anything :-) ) but a "doré" is a bar made up of precious metals with about 60% of it gold. So are we looking at monthly gold production of 600oz pcm or are all gold production targets based on a doré?

[goldgeezer] 30/9/2024 07:04

3 months to wait until this share price is ridiculous

[goldgeezer] 30/9/2024 06:49

The months tick by and they stick to the Jan target for 1000 a month. With pads 4 being loaded, 5 and 6 nearly ready and double shifts to start shortly, it's not technically complex.

[trader465] 28/9/2024 00:05

Lol totally banjo speaks the truth.

Goldgirl obviously thinks posts here determine the share price 🤷‍a94;️ If that was the case I’d be ramping the hell outa all my stocks and making a killing. Sadly life trading the financial markets isn’t that easy.

My good friend goldgirl has allegedly filtered me and obviously has another income other than trading the financial markets. Some of us are not so lucky and have had to rely solely on the markets for a living for 15 years.

[totally banjo] 27/9/2024 14:50

Obviously not, think he's on his 3rd bottle of wine already :-)

[goldgeezer] 27/9/2024 14:17

Did the post from Trader365 have a positive update? Appears to have reversed the drop and sales immediately.

[trader465] 27/9/2024 13:13

Perhaps another share suspension? GRL have a history of suspension. This has become yet another AIM lifestyle company.

2023 approximately 1,257oz produced in 2023

1 March 2024
The Group's consolidated unaudited current cash position is approximately $0.5m, with current liabilities of approximately $11.2m
interest will continue to accrue on the outstanding amount under the Gold Loan Agreement at the rate of 14% per annum
the Company may be unable to continue as a going concern and trading in the Company's Ordinary Shares on AIM may be cancelled

10 April 2024
raised £1.82 million before expenses

21 May 2024
total gross proceeds of £834,000
produced 1,153oz, averaging 230 oz of gold per month, from the Homase Mime in 2024

[goldgeezer] 27/9/2024 12:21

Monday. No reason to expect a delay.

[smackeraim] 27/9/2024 10:18

No interim results yet. Due Monday? or suspend?