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GRL Goldstone Resources Limited

1.20
0.15 (14.29%)
20 Nov 2024 - Closed
Delayed by 15 minutes
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
  0.15 14.29% 1.20 5,448,598 16:08:42
Bid Price Offer Price High Price Low Price Open Price
1.15 1.25 1.20 1.00 1.05
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores USD 2.2M USD -2.69M USD -0.0038 -3.16 7.49M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:08:36 O 215,819 1.19 GBX

Goldstone Resources (GRL) Latest News

Goldstone Resources (GRL) Discussions and Chat

Goldstone Resources Forums and Chat

Date Time Title Posts
20/11/202420:13GOLDSTONE RESOURCES - BASHER FREE THREAD9,656
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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Goldstone Resources (GRL) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-11-20 16:08:381.19215,8192,568.25O
2024-11-20 16:05:531.17150,0001,756.50O
2024-11-20 16:03:391.20208,0832,495.96O
2024-11-20 15:52:561.20284,1813,418.70O
2024-11-20 15:42:171.12750,0008,415.00O

Goldstone Resources (GRL) Top Chat Posts

Top Posts
Posted at 20/11/2024 08:20 by Goldstone Resources Daily Update
Goldstone Resources Limited is listed in the Gold Ores sector of the London Stock Exchange with ticker GRL. The last closing price for Goldstone Resources was 1.05p.
Goldstone Resources currently has 713,450,000 shares in issue. The market capitalisation of Goldstone Resources is £8,561,400.
Goldstone Resources has a price to earnings ratio (PE ratio) of -3.16.
This morning GRL shares opened at 1.05p
Posted at 13/11/2024 16:31 by bad gateway
They need to make a profit anyway don't they for their pretty stringent options to be in the money.
They can't even exercise the first lot til the share price is way over 2p and need 650oz/m at $1500/oz costs for the rest..

"The award of the Options represents the first issuance of share options by the Company since September 2011 and the Board believes that it is essential for the Company's directors and senior managers to be suitably incentivised to drive the business forwards and to further align their interests with those of the Company's shareholders.

A total of 56,000,000 Options have been granted, of which: 50% will vest immediately and are exercisable at a price of £0.02 per ordinary share ("Tranche 1"); 25% will vest when production is greater than 650 oz per month for three consecutive months and are exercisable at £0.025 per ordinary share ("Tranche 2"); and 25% will vest when all-in sustaining production costs at the Homase Mine are reduced to US$1,500 per month for three consecutive months and are exercisable at a price of £0.03 per ordinary share ("Tranche 3")."

Hoping the 2p ones canbe exercised after jans update but we'll see..
Posted at 11/11/2024 16:50 by totally banjo
Just out of interest, Zak Mir commented on this mornings news:

Goldstone Resources (GRL) provided an update on the progress of operations in respect of the Homase Mine and heap leach operation in south-western Ghana. GRL said it remains on track to deliver its stated objective of producing 1,000oz pcm from January 2025, with its production profile at Homase improving week on week, and month on month.

Comment: Although not quite in the Centamin league yet, GRL is a pocket sized producer, and given the rocketing price of gold has a chance of gathering enough momentum to deliver a share price revival from current levels.

hxxps://www.share-talk.com/rns-hotlist-with-zak-mir-mdh-ree-cmcl-grx-panr-hum-aau-thx-axl-phe-kist-dkl-hemo-grl-obi-aqx/
Posted at 24/10/2024 08:23 by kennyp52
So another 5% dilution to keep the lights on ..

Goldstone Resources Limited (AIM: GRL) is pleased to announce that it has conditionally raised £176,000 before expenses by way of a subscription by an institutional investor for, in aggregate, 16,761,905 new ordinary shares of 1 penny par value each in the capital of the Company ("Ordinary Shares") (the "Subscription Shares") at a price of 1.05 pence per Subscription Share (the "Subscription Price") (the "Subscription").



In addition, the Company is also pleased to announce that it has agreed with a creditor on behalf of its subsidiary GoldStone Akrokeri Ltd for the conversion of £234,000 (US$300,000) of its debt into 22,285,714 new Ordinary Shares (the "Conversion Shares").



The Subscription Shares and the Conversion Shares, collectively 39,047,619 Ordinary Shares, will represent approximately 5.2% of the Company's share capital as enlarged by the issue of the Subscription Shares and the Conversion Shares. The Subscription Price of 1.05 penny represents a premium of approximately 4% to the closing mid market price of the Company's Ordinary Shares on 23 October 2024, being the latest practicable date prior to this announcement.



The net proceeds of the Subscription will be used to continue to advance development at the Homase Mine in Ghana towards delivering the planned 50,000 tonnes of stacked and agglomerated ore and achieving the Group's gold-production target of 1,000oz per calendar month, and for general working capital purposes.


The only positive from this is the fact they have been able to do a raise. Having said that the creditor has taken shares it seems as they know they will not get paid otherwise and the company is bankrupt .. that seems to be the reality.

Whatever they are producing is simply not enough to pay the bills it seems ? The last raise was supposed to be to cover the final CAPEX to get us flying into production. So this money is to pay bills only . Last throw of the dice ? If they don’t double th production soon and move on to the 1,000 per month then they will be straight back to square 1 .. broke.
Posted at 20/10/2024 01:45 by trader465
So your timeframe is 4-5 months at the earliest?

I’ve followed this company for 6-7 years, I think you are too optimistic. The rising gold price may keep the share price afloat here, but when production news lands, if it’s below expectations I would expect a 20-50% hit on the share price. If production is confirmed to be a poxy 1000oz per month then I expect the price to remain flat.

I agree with Kenny, keep the risk low in this pile of junk. I have 5 shares but will double my shareholding on good news such as the resignation of the board of directors.
Posted at 15/10/2024 21:55 by trader465
Lol he only reads the positives. He obviously suffers confirmation bias as do most people who lose money.

In 2019 GRL borrowed 2000oz of gold at $1500 per oz value $3m

In 2024 GRL owe 2630oz of gold at $2600 per oz value $6.8m

GRL seem to have lost 5553oz in the heap leach value $14m

GRL market cap £7m

Where’s all the gold going?

Latest production is allegedly just 200oz per month

Planned production schedules may not be achieved as a result of unforeseen operational problems

In the event the gold loan cannot be repaid by December 2025 AIMSL can enforce security over the company assets.

It’s all in the annual report
Posted at 09/10/2024 21:08 by totally banjo
Well, I'm sat in my local and the only one in!

Trader, the share price is not falling, it has fell. We are in a static situation now awaiting news which if they hit their stated goals in the next few months will gain interest and hence see a rise in share price of at least double from these prices.

There is a lot to look forward to if things go to plan, I'm willing to give them another chance but just my opinion!

And the pub is shutting now as I'm the only one in, a bit like GRL ;-)
Posted at 09/10/2024 20:43 by trader465
The share price is falling because GRL directors are printing more GRL shares. Why don’t people get it? The same people will tell you the dollar is falling because the fed is printing more dollars 🤷‍a94;️

In 2019 GRL were spouting production of 28koz per year with a £5m cap. Why would you pay £7m (40% more) in 2024 for the same company spouting 12koz (57% less). The mind boggles.
Posted at 09/10/2024 18:46 by totally banjo
Goldgeezer, those percentage figures sound very high but GRL are so unloved for obvious reasons but if they do reach their targets in a few months time and can continue or even increase the volume of gold production over time then there will be a serious increase in the share price from these low levels, imo!

AIM gold companies are usually high risk and GRL are included in this bracket but at these low share price levels, with the potential of real positive news over next few months was the reason I averaged down last week with a long term view for this stock.
Posted at 03/9/2024 06:47 by trader465
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"
Posted at 08/7/2024 10:43 by totally banjo
Positive update this morning!

A view from Zak this morning

"Comment: After a rather long gestation period, it is now clear that GLR is good to go in terms of production and do this on an expanded resource at Homase. None of this upside is currently factored into the GRL share price."

hxxps://www.share-talk.com/rns-hotlist-with-zak-mir-grl-svml-rio-apta-met1-he1-see-88e-hvo-delt-pfp-zin-thr-cyk-tap/
Goldstone Resources share price data is direct from the London Stock Exchange

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