Share Name Share Symbol Market Type Share ISIN Share Description
Goldstone Resources Limited LSE:GRL London Ordinary Share JE00BRJ8YF63 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 5.15 40,492 08:00:00
Bid Price Offer Price High Price Low Price Open Price
5.10 5.20 5.15 5.15 5.15
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -1.13 -0.30 25
Last Trade Time Trade Type Trade Size Trade Price Currency
15:39:05 O 19,433 5.115 GBX

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Date Time Title Posts
04/8/202211:58serious GOLDSTONE PRICE TARGET !!!!92
03/5/201613:23GOLDSTONE RESOURCES12,292
27/8/201422:47Goldstone Resources2,027
07/11/201313:30Goldstone Resources 20107,229

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Posted at 29/11/2022 08:20 by Goldstone Resources Daily Update
Goldstone Resources Limited is listed in the Mining sector of the London Stock Exchange with ticker GRL. The last closing price for Goldstone Resources was 5.15p.
Goldstone Resources Limited has a 4 week average price of 5.15p and a 12 week average price of 5.15p.
The 1 year high share price is 13.88p while the 1 year low share price is currently 5.15p.
There are currently 482,633,996 shares in issue and the average daily traded volume is 125,086 shares. The market capitalisation of Goldstone Resources Limited is £24,855,650.79.
Posted at 15/11/2022 11:24 by spacedust
Could the last person to leave grl please just leave the lights on. Coz this share is the most dissapoitning in the history of the stock market
Posted at 06/11/2022 09:39 by kennyp52
Quote ..

trader365 - 17 Mar 2020 - 14:36:19 - 4117 of 8401 GOLDSTONE RESOURCES - BASHER FREE THREAD - GRL
But your shares are in paper money and it may become worthless!

Posted at 13/10/2022 10:00 by goldmoan
Look at the share register. No one is selling anything of significance. Not Bill’s family, no one in the know. Only a few people who badly need to get their hands on a couple of grand urgently for some reason. Annoying as it is, these little sells move the price when there’s such low liquidity, but it’s irrelevant in the big scheme of things. You can’t buy or sell big lumps in this company, so Emma can’t offload six figure value of shares even if she wanted to. Sensibly, she’d rather wait that extra time and get the big payout.
Would Emma sit out in the middle of Ghana, not taking cash payment, but instead taking shares she knows are of little value? Why would she do that when she could go and get a big paying job elsewhere. My suggestion is because she knows Akrokeri is going to be a serious player. They are well placed to get this producing quickly as much of the work, structure, and pain barrier has already been dealt with. The current share price will adjust accordingly when this mine starts doing the numbers they all know it will. Either stay on board and patient, or ship out (and miss out). It’ll take a little while, but it’ll get there.

Posted at 04/10/2022 10:31 by traderpete50
Do you think it may be the case that they are actually very happy with the share price staying low for a prolonged period, so that they can compulsorily buy the shares back (for a song!) at some stage, and hence own all the shares of a gold mine with significant amounts of gold therein. Or would that be a mad conspiracy theory..?
Posted at 24/8/2022 22:30 by portman48
I was there today too, and fully concur with this summary. Obviously, space precludes putting down everything that was discussed, but I think P.O.F has conveyed the positive vibe well.

Make no mistake, they are massively excited by Akrokeri, and it seems we are not too far away from some positive news on this front. As the OP said, we were told a couple of months to drilling results, (which they expect to be very good based on what they’ve done so far). They really believe Akrokeri could be a monster! And because a lot of the hard work has been done/problems solved while getting Homase into production, it was said the rate of progression for Akrokeri should be much faster. I hope the fairly substantial presentation document we were given is published, as this also helped convey the layout and scale of the operation in a way I haven’t seen before.

Like all of us, I imagine, the (acknowledged) lack of info has knocked confidence, and with the share price dripping consistently down recently, a number of us would have seriously started to question our judgement in investing in the company. Personally, today put me right back on track, and I’m not easily fooled, nor wet behind the ears.

From what I heard and saw today, I think these shares are a real bargain at the price (and also at 10p/15p come to that). Until the good news filters through, and the share price finally moves substantially upwards, should you question whether we’re being spun a yarn, and whether it’s possibly time to cut and run, ask yourself this. If it’s a lame duck, why is an industry veteran like Bill Trew still in this after five years? Why is Emma out there in the middle of nowhere working her socks off? I reckon they would have been out and looking for other opportunities long ago.

This is a gold mine in Ghana - so it was always going to be a bumpy ride. But is it a journey worth sticking with? I absolutely believe it is.

Posted at 24/8/2022 20:17 by pantsonfire
I attended the AGM today, and made the following notes:
All motions were passed without significant opposition. The interesting part started with the questions. Note here that AGM was not minuted, and I was taking down points as well as I could, so these may not be a totally complete record. But I think they were a pretty good verbatim account. I invite other shareholders present to correct me if they see any mistakes.
Q: Recovery rates. A: It is very difficult to anticipate recovery rates accurately from a first run, and that proved to be correct for pads 1 & 2. However, performance has improved with experience, with many lessons learned, such as the sensitivity to oxygen content in water. They also learned that they need to crush finer, because the clay like material was forming agglomerates. They feel very confident today that recovery rates are trending towards expected recovery rates.
Q: Are production targets still the same? Yes, 14,000 ozs as stated previously. Bill suggested (if I understood correctly) another gold pour was due end of this week.
Q: Are Goldstone able to recover the loss from the gold loss (robbery). A: No. They are a small operation in a high crime location, which makes it difficult to insure, and today impossible. They have improved security and have learned lessons. They mentioned that nearly all mines in this region suffer losses in one form or another and that some have a provision of around 10% for this which shows Goldstone are by no means unique in this event.
Q: What is the news on the drilling programme? A: The Akrokeri drilling programme has started this week, where the first drill hit former mine workings. That’s both good news and bad. Bad because drilling stopped. Good because it means they’re in the right place. They have now moved further south. Results are expected within about 2 months (more later).
Q: What’s the situation for diesel? A: Now available but is now more expensive. However, the impact on overall costs is too early to tell, and is guessed today at about 5-10%, which will increase as drilling goes down, but is difficult to predict today with great accuracy.
Q: PR/IR has been awful. Do you accept this, and what do you plan to do to change, if anything? A: Yes we accept this, but we were ploughing every penny into our mining operation, and not diverting any into potentially expensive PR. We have also been severely constrained in what we could say by our NOMAD. But we intend changing PR/IR, and are for example redesigning and updating our website, which we accept is severely out of date. A new Presentation will also be issued shortly. There was definite frustration with Nomad and divulging information. Stated they were not in position to change due to historic legal case situation still technically being open even though the matter is now resolved. Bill said AIM restrictions also causing them to not be able to put out descriptive updates rather than factual. May be genuine slip of the tongue, but Bill did seem to imply something in the offing.
Q: What will the company do to return value to shareholders? A: It takes a lot to build a gold mine, but the management in Goldstone have done that. And they have achieved this with a very low level of debt. For the future they will ramp up production, and improve recovery. They are expanding the plant and the pads. “Let us remind our shareholders that our overall rational is not to stop with Homase, but to use this as a low hanging fruit to fund the exploration and development of Akrokeri. Today in Homase we are getting 1.4-1.5g/ton of gold, whilst in Akrokeri earlier grades have been around 50g/ton. The drill results from Akrokeri could therefore be a game changer, and with a potential 6km seam, this could be a world class deposit. There are 15 holes drilled to date, and they have 18 more planned from the present programme. If the results come good, this will have a real impact, and be a driver on share price”. Bill suggested that they would hoping to get news out on Akrokeri initial drills end of October, and If assays results were in a log jam in Ghana due to the big boys pushing their stuff ahead (paying more for the privilege), then they may look at send to South Africa. Dividends were hoped for end of this year, but hoping all things will progress to allow that this time next year. (Get the feeling this was about Paracale wanting to see something back sooner than later, on the basis they originally hoped for a return in 3/4yrs now more like 5/6yrs.)
To summarise Bill, “the company is virtually debt free, and is a shareholder driven company, of which I’m the largest one!”
Now for my own comments:
They were very optimistic indeed that the Akrokeri results would be extremely positive. Bill said on a number of occasions that if he could buy more shares, he would, but is precluded from doing so.
PS. I met with several other shareholder after and we went for a drink together. We all had the same concerns, but which we all felt had been answered. We exited feeling very positive indeed.

Posted at 08/8/2022 12:06 by kennyp52
Botuney .. I have shares .. just bought them at the right price so not under water and want this company run to its potential .. not into the ground . It seems you may be invested at a higher price and panicing that comments on an ADVFN board will impact the share price . Really !? I've not seen you post anything intelligent yet .. but keep trying.

best1467 .. entirely my point . There is information that the market needs to assess where GRL are at . It is not being released . When I have contacted Emma directly she has indicated the Nomad is holding the reigns. They know the production for June quarter ; they know the grades they are dealing with .. disgraceful that a company in its infancy is not keeping its shareholders informed .

Posted at 04/2/2022 13:26 by malcontent
I was surprised, pleasantly, how well GRL share price stood up in 2021 compared to my other gold stock, where many declined up to 60% on sector sentiment after a storming 2020
Grl is now reverting more to the mean, on the back of setbacks and disappointments
It's not game over for this enterprise in any shape or form, but it does look like it will be a longer and a tougher slog than some had hoped and predicted
I continnue to hold, as all my goldies, as my judgment remains that we have not seen the last of the gold bull in this cycle, and this stock, like all goldies, will benefit from sector rotation once gold is the place to be.
But it does look like GRL will not be a fairy-tale success story, and I have reined in my expectations accordingly

Hold for gold

Posted at 01/2/2022 14:52 by highly geared
Goldstone did well to trade in the 10p-14p range throughout 2021. The oscillation within this range reflecting strong retail interest ahead of anticipated production and other announcements that failed to materialise or meet expectations. It was telling that until recently, bad news was always supported share price wise with several strong rebounds from just below 10p.

The most recent news that fails to provide transparency on production etc. seems to have been the last straw for some, with the share price now out of the trading range. At £40 million market cap, it’s still priced on everything coming good. The next 2-3 months will be crucial in GRL providing confidence the gold is there and they can hit the production rates they stated in the updated mining plan some months ago.

Posted at 04/1/2022 10:28 by spacedust
With all this bad news Grl share price finally will climb. Im buying. Price should go up bsck to 11p for no reason
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