Goldstone Resources Share Discussion Threads

[totally banjo] 15/10/2024 10:22

So you are expecting an increase in gold production leading up to the 24 hour operation (January 2025) and then possibly 1000 ounces per month?

Where I was expecting 200-300 ounces per month and then from January 1000 ounces per month?

Not that it makes that much difference, a few months either way!

[goldgeezer] 15/10/2024 10:12

1000 ounces FROM January

[totally banjo] 15/10/2024 10:11

On the 8th October GRL put out on social media (X), so not official:

"GOLD POUR

Latest gold pour (290oz)

The company is on-track to establish its second shift and increase production."

Therefore to me, it all reads that they need the 24 hour operation in place before we see a substantial increase in gold production?

Anyway, not long to wait!

[totally banjo] 15/10/2024 09:53

Goldgeezer "Production should be 400-500 a month by now. Looking forward to the news. 600 by December"

I may be wrong but I assumed production wouldn't substantially increase until the start of 2025 or possibly, if all goes well, December this year?

From the half yearly report "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."

I assumed they had to build up the pads before adding chemicals to free the gold or is it a continues process? I've only held GRL for over 11 years so should really know the basics!

[kennyp52] 15/10/2024 09:34

Banjo .. what is 1,331.8 over 6 months ? I’ll work it out for you .. 222 ounces per month. That is the only proven production you have to work with . The rest is guidance and Priestley has a very poor record in that regard . This equates to about $1/2 million a month .. can’t see that covering costs can you ? Still got a load of ounces to deliver on the gold loan .. a loan that was done when gold was closer to $1500 and therefore will now line the pockets of the lender - which I think List may be acting for ?? This was scheduled to be paid off 2 years ago yet here we are with them holding all of the aces and first in line to get their gold.

I emailed the company in the New Year as to the whereabouts of Priestley to be informed she was on site managing production . So as far as I understand it they have been in full production with more plant and facilities than when they produced over 5k gold sold and lost another 5k somewhere in the leach pads ! So you are happy with 200 of ounces per month ? Given gold keeps on disappearing then we are reliant on the auditors making sure no more is going missing it seems ? I wouldn’t trust these lot with my daily shop!

To be posting this RNS constantly is not exactly selling the company … in fact it shows your desperation to sell the company to newbies and all it is achieving is highlighting the abject failure to deliver their original guidance of 28k ounces 🤷‍a94;️

[bad gateway] 15/10/2024 08:19

News of a lift in production is whats needed imo. Not enough volume in the market for stocks to hold on speculation for long so a re rate based on actual no's is whats needed imho. Think your 400-500 would be taken well just up to GRL to deliver now.

[goldgeezer] 15/10/2024 07:55

Production should be 400-500 a month by now. Looking forward to the news. 600 by December

[goldgeezer] 15/10/2024 07:22

I'm sure that everything he's posting was the case when he was heavily invested. Things have changed now and the imminent rise will make him cry like a little baby even more.

[bad gateway] 15/10/2024 06:29

Once again you're bringing up this dodgy paul list character. Are you Angela's ex trader and is that why you spend all your time slagging her?

[totally banjo] 14/10/2024 23:42

From the Interim Results for the six months ended 30 June 2024 (30 September 2024)

HIGHLIGHTS

Ramping up gold production at Homase Mine:

. Produced 1,333.81 ounces of gold in H1 2024.

· Significant infrastructure upgrades have enhanced long-term capacity.

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



Continued to strengthen position in H1 2024:

· Recovery supported by additional funding and the deferral of a secured gold loan repayment to December 2025 and a successful fundraising initiative.

· Board strengthened with the appointment of Campbell Smyth, who brings over 30 years of experience in fund management, capital markets, and corporate finance.

· Ramp-up in production comes at an opportune time as the gold market continues to show resilience and strength.



CHIEF EXECUTIVE'S STATEMENT



I am pleased to report that GoldStone has made significant progress in advancing its gold projects in Ghana, which span the full development spectrum from exploration to production.



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.



A key pillar of the Company's strategy is to add additional gold resources to our portfolio. In line with this, we will continue exploration efforts along the Homase Trend, that will include core infill drilling to explore the deeper ore zones of Homase, and further explore the parallel zones that have been identified within the mining lease as announced on 8 July 2024. The Company does plan for further exploration programmes within the prospecting licences of Akrokeri and Homase, which enclose the Homase Mine, that includes the recent consolidation and review of all the historical data, at the former Akrokeri Underground Mine and its surrounding areas and develop other underexplored areas that hold potential for further mineral discoveries.



During the period, Bill Trew stepped down from the Board and Campbell Smyth has joined as a Non-Executive Director. Campbell brings over 30 years of experience in fund management, capital markets, and corporate finance, particularly within the venture capital and resource sectors.



Looking ahead, we are optimistic about GoldStone's growth prospects in the years to come as we improve both production and exploration at the Akrokeri-Homase project and unlock its full potential. Notably, our production ramp-up aligns with a gold market that continues to demonstrate remarkable resilience and strength, supported by diverse factors driving its long-term success.



The Board would like to thank shareholders for their continued support as we work towards fully realising the value of our assets and delivering long-term shareholder returns.

[trader465] 14/10/2024 23:23

This a recent one on Angela List July 2024

In Jordan, documents reveal that List forged documents to take over a joint venture investment by BCM International Company. She reportedly withdrew USD 4 million using forged documents, leading to charges of complicity in fraud and an arrest warrant issued on March 19, 2024.

Misappropriation and Misconduct
The SNA investigation uncovered that List misappropriated funds and engaged in unauthorized cash transfers. Evidence shows that during her tenure as Finance Manager at BCM, she transferred more than USD 7 million to purchase a resort, and a plane, and placed funds in an offshore trust. These actions were taken without the knowledge or consent of her business partner and estranged husband, Paul List.

[trader465] 14/10/2024 22:36

The combined value of salaries and options for the GRL board of directors is £769,000

How much did they make for shareholders in 2023?

Are they acting in the interests of shareholders? Or their own personal financial interests? 🤔

[trader465] 14/10/2024 22:21

Audit and compliance committees typically consist of more than two members to ensure a diversity of perspectives and sufficient oversight. Having only two people—Richard Wilkins and Orrie Fenn—in GoldStone Resources Limited (GRL)’s audit and compliance committee may raise concerns about independence and governance

[trader465] 14/10/2024 21:51

31 May 2023 RNS says 5553oz remain within heap leach.

2023 annual report says total produced gold was 1257oz and 810oz remain in heap

Where’s the gold gone? Why isn’t it accounted for in the annual report?

[trader465] 14/10/2024 21:14

I’d guess we should know within 7 days where the missing $10m has gone

[trader465] 14/10/2024 20:33

Emma Priestley is indirectly linked to Phoenix Copper Plc through her association with Bill Trew and GoldStone Resources. Bill Trew’s involvement with Oxus Gold and GoldStone Resources overlaps with Richard Wilkins, a director of Phoenix Copper Plc, forming a network between these individuals.

Similarly, Angela List is linked to both GoldStone Resources and indirectly to Phoenix Copper Plc through her association with Emma Priestley and Bill Trew, who are key figures in the broader mining network. This creates overlapping connections between these entities and individuals.

Which one would you trust to hold you gold bars? I’d say none until we find out where the missing $10m has gone.

[trader465] 14/10/2024 18:46

There’s a mention of Emma Priestly on the PCX thread. I’ve not looked much into that one but I think the directors there are linked to Trew and his failed Oxus Gold. Theres a lot if inbred director relationships going on here


JasperTheMonkeyGod1 Oct '24 - 11:04 - 11991 of 12009
I'm on the inside track bumpa

A guy on Telegram, Fraser_P has revealed all..

They're not actually building a mine - it's a hive! They're installing Caner and Emma Priestly to begat (beget?) a master race; unspeakable creatures, the Oxus Morlocks, with a view to creating a slew of junior Aim mining companies, creating havoc in SIPPs all over the land..

That's why it's called Empire

[totally banjo] 14/10/2024 12:01

From the Interim Results for the six months ended 30 June 2024 (30 September 2024)

HIGHLIGHTS

Ramping up gold production at Homase Mine:

. Produced 1,333.81 ounces of gold in H1 2024.

· Significant infrastructure upgrades have enhanced long-term capacity.

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



Continued to strengthen position in H1 2024:

· Recovery supported by additional funding and the deferral of a secured gold loan repayment to December 2025 and a successful fundraising initiative.

· Board strengthened with the appointment of Campbell Smyth, who brings over 30 years of experience in fund management, capital markets, and corporate finance.

· Ramp-up in production comes at an opportune time as the gold market continues to show resilience and strength.



CHIEF EXECUTIVE'S STATEMENT



I am pleased to report that GoldStone has made significant progress in advancing its gold projects in Ghana, which span the full development spectrum from exploration to production.



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.



A key pillar of the Company's strategy is to add additional gold resources to our portfolio. In line with this, we will continue exploration efforts along the Homase Trend, that will include core infill drilling to explore the deeper ore zones of Homase, and further explore the parallel zones that have been identified within the mining lease as announced on 8 July 2024. The Company does plan for further exploration programmes within the prospecting licences of Akrokeri and Homase, which enclose the Homase Mine, that includes the recent consolidation and review of all the historical data, at the former Akrokeri Underground Mine and its surrounding areas and develop other underexplored areas that hold potential for further mineral discoveries.



During the period, Bill Trew stepped down from the Board and Campbell Smyth has joined as a Non-Executive Director. Campbell brings over 30 years of experience in fund management, capital markets, and corporate finance, particularly within the venture capital and resource sectors.



Looking ahead, we are optimistic about GoldStone's growth prospects in the years to come as we improve both production and exploration at the Akrokeri-Homase project and unlock its full potential. Notably, our production ramp-up aligns with a gold market that continues to demonstrate remarkable resilience and strength, supported by diverse factors driving its long-term success.



The Board would like to thank shareholders for their continued support as we work towards fully realising the value of our assets and delivering long-term shareholder returns.

[trader465] 14/10/2024 11:22

I’m surprised no one has defended the dodgy gold loan

[trader465] 13/10/2024 00:46

I’m gonna roll a fat one and go to sleep with the knowledge and satisfaction that I don’t own a dinghy sales company in Kent

[trader465] 13/10/2024 00:31

And I don’t like people taking money from my wallet.

Would you mind if I took money from your wallet? And if thats ok can my brown family take money from your wallet too?