Goldstone Resources Share Discussion Threads

[bad gateway] 18/10/2024 14:24

Disagree strongly trader. They tweeted early Oct just because they had 290 oz's of dore and gave an update on the impending second shift too.
Reckon we'll know next to immediately if they reach 1000 oz's/month Jan as along with the gushing RNS they'll likely take out an advert in the times.

[totally banjo] 18/10/2024 13:45

Forgot it's Friday, you on the drugs already, wow!

[totally banjo] 18/10/2024 11:32

Well it doesn't concern me at all!

It's where the share price is in a few months time that is important, to me anyway

[kennyp52] 18/10/2024 08:51

All time high gold price and this can’t get above 1p 🤷‍a94;️

[totally banjo] 17/10/2024 13:53

It's a lot less than £50k, that was just an arbitrary figure after leaving pub :-)

I have something like 20% in the higher risk bracket and the rest in hopefully safer stocks.

If you invest in a company you would expect honesty but after some of the past companies I've held who knows!

I'm upbeat for the future of GRL and we will see what happens over next few weeks and months

[kennyp52] 17/10/2024 08:38

tb .. it’s a big holding in terms of a portfolio .. assuming you spread your risk ? Don’t know what Goldloser is holding but 75,000 is my profit reinvested so I’m not exposed but want that profit back. Trust is the issue here .. even if they find gold are we going to see it 🤷‍a94;️

[totally banjo] 16/10/2024 23:30

Kenny, not that it makes any odds, I have a holding of 16p in normal trading account from years ago and now in my share ISA, after averaging down much more, showing an average of 1.5p. In money terms it's below £50k, so not a major holder by an any stretch regarding ISA.

This sector from my experience is totally swings and roundabouts but I believe GRL are on the cusp of something big, hence why I bought more and may continue to do so as funds are made available!

It would be nice but not essential that this thread could be more verisimilitude in their postings to give a balanced view rather than hurt from past experiences which I assume we all have had!

It makes no difference to the share price what gets posted here, fact!

[goldgeezer] 16/10/2024 20:43

750 quid ha ha ha

[trader465] 16/10/2024 19:02

“As far as 'intelligence' is concerned you appear to be a very sad, drunken, druggie that is totally out of your depth regarding the stock market and want to blame everyone else but yourself! Remember to only invest what you can afford to lose, quite simple really!”

You have clearly never worked at a bank or financial institution where alcohol and recreational drugs are the norm amongst traders.

Would you like to share your personal trading performance statistics?

What percent position size do you use? What is your average hold period? What’s your average win percent? What’s your average loss percent? What’s your win/loss ratio? What’s your average hold period? What’s your average annual return? What is you trade expectation?

When you can post your above trading stats I will take you seriously, until then you are just another clueless bb clown.

[goldgeezer] 16/10/2024 18:36

Good post.

[totally banjo] 16/10/2024 18:12

No apologise for reposting but this from the company is all that matters!

Whether you agree or not is the basis on any investment or not!

It's not rocket science!



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.

[goldgeezer] 16/10/2024 18:09

1,000,000 at 14.5p it's in past posts

[trader465] 16/10/2024 17:11

And if you’re not interested in my view and don’t have the intelligence to post a meaningful fact based counter argument put me on filter 🤷‍a94;️

[trader465] 16/10/2024 17:04

You seem to know what everyone else is thinking and what everyone else is buying, selling and holding, I wish I was as clever as you sir.

[totally banjo] 16/10/2024 16:56

trader, I don't think anyone is interested in your views, well I'm not :-)

[goldskeptic] 16/10/2024 15:51

Trader, I don’t understand why, if you’re out of the share, that you keep hanging around. It just makes you seem like a jilted boyfriend who pretends he doesn’t care any more, but clearly can’t let go. Please do let it go now though, as it appears to be having a detrimental effect on you. It’s over. Move on. Maybe find the share dealing equivalent of Tinder and find some other board to stalk.

[bad gateway] 16/10/2024 15:21

If these do hit 1000 oz's in Jan they won't wait three months to report it they'll shout it from the rooftops asap. Probs get Proactive video's and allsorts telling us how clever they are.
Just got to happen is all.

[totally banjo] 16/10/2024 15:10

trader, you haven't a clue! :-)

[totally banjo] 16/10/2024 15:09

I just said in my post! You keep taking the drugs lad!

[trader465] 16/10/2024 15:07

Even if they hit the 1000oz per month target in Jan, we won’t know until they report Q1 2025 production. They will need 3 months constant at 1000oz before they can confirm, that’s end of March 2025. They’ll probably report Q1 in April/May next year. So a minimum of 6 months from now.

[trader465] 16/10/2024 15:02

HG - “The bottom line is that in the last 2 years, GRL have utterly failed to deliver what they said they would”

It not 2 years, it’s 5 years they have failed to deliver what they said they would.

bango - we won’t know anything in a few months. Based on GRL previous reporting what are you expecting to hear and when?