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% 8.15 20,000 08:00:00
Bid Price Offer Price High Price Low Price Open Price
8.00 8.30 8.15 8.15 8.15
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -0.49 -0.23 21
Last Trade Time Trade Type Trade Size Trade Price Currency
08:50:41 O 20,000 8.003 GBX

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Date Time Title Posts
03/5/201613:23GOLDSTONE RESOURCES12,292
27/8/201422:47Goldstone Resources2,027
07/11/201313:30Goldstone Resources 20107,229
24/6/201317:22GRL and Africa` Golden Triangle`...some preserved facts303

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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 8.15p.
Goldstone Resources Limited has a 4 week average price of 6.75p and a 12 week average price of 6.30p.
The 1 year high share price is 9.65p while the 1 year low share price is currently 1.60p.
There are currently 251,785,967 shares in issue and the average daily traded volume is 657,502 shares. The market capitalisation of Goldstone Resources Limited is £20,520,556.31.
hazl: It's the best share price it's been in months. Well done GRL!
spacedust: Aym will over take grl share price in time
highly geared: I bought in here a year ago around 1.6p and have since averaged up several times to bring my holding to 1 million shares. Historically ( 10 years ago ) GRL spent a lot of time trying to prove up a big resource across their licences, couldn’t get a JV away with a major and lots of placings to fund drilling and working capital. The gold bear from 2012-18 decimated the small cap sector and GRL were a casualty. Various entities bought in and sold out. Around 2018 there was a complete change of direction; 2 anchor investors with wherewithal/skin in the game and the start of the next multi year gold bull market. GRL repositioned itself as a small scale producer at Homase, the develop a highly profitable small scale producer, cleverly funding the start up to use cash flow from initial production to expand, rather then a dilutive placing or major debt. Learning from the last bull market, the explorers are in fashion for a short time and come last in the share price uplifts. The major money is made in the near term and actual producers that have good metrics and low AISC. Goldstone ticks these boxes. There is much negative comments on not meeting timescales. Look back to 2017-18 and the initial mining licence application. That was delayed a number of months due to ‘ government bureaucracy’. The buy signal was 2 months before it landed as the mine lease approval unlocked everything and a path to production. The above shows the Ghanaian Government are supportive but the approvals process moves at its own pace. It will come here but it just taking longer than hoped but the reasons the company cannot control. I’m invested for as long as the gold bull is in place. Look at the macro picture and I struggle to articulate reasons why the gold price will materially decline from current levels, with a number of reasons to suggest a $2000+ environment for a number of years. In summary, I’ve forgotten what happened in the past and focus solely on the present and future based on a deliverable and highly profitable small scale mining operation in the most bullish gold price environment there’s ever been.
trader536: Rome wasn’t built in a day ffs! GRL’s near term production and huge resource potential heading into a multi year gold bull market has created a once in a lifetime opportunity for the savvy, but unfortunately for some it will only be realised in hindsight. Meanwhile there’s plenty of activity going on to keep the share price buoyant in the short term.... 1) update to the Definitive Economic Plan 2) increase to the planned production output and processing rates 3) update to the previously estimated JORC resource 4) issue of the Environmental Permit 5) first gold pour 6) expansion of the mining lease area from 1.6Km(2) to 6.8Km(2) 7) expansion of the planned Homase South pit 8) extend the original 30 metre deep open pit to a depth of 80 metres "As previous confirmed, we are ready to commence mining operations once the permits have been issued, as we seek to bring GoldStone into production, and we look forward to keeping you updated as we seek to move the project forward ."
spacedust: Over 10yrs. Like ive said before when we had mighty randgold resources as a partner to a aim tiddlee grl you'd think the share price epuld multibag but it didn't the glass ceiling was there before. We've had the following companies as big stake holders over the decade: Bendigo mining Newmont Startex Tiger Now i cannot remember who we have on board. Diluted and then started again and the previous big shareholders got stuffed and then new ones moved in. I just hope they dont change the name of the company and then do another consolidation. This is the last straw with this company if this doesn't work then its dead and buried.
trader536: Very well thank you my dear friend. Shame about SRB Q3 ;-) The covid situation in Brazil will have dramatically increased costs at SRB. Half their miners are now being paid to stay in bed, this will push AISC north of $1300. If we compare the market caps of SRB and GRL we can see that we can buy GRL for just one third of the cost of SRB. SRB is blindly digging in a covid riddled remote Amazon rainforest, while GRL is operating along strike from one of the largest gold mines in the world, it's resource is open to the east, west and at depth. If we further look at 4 gold price scenarios we can see that GRL estimated gross profit (far right column) vastly exceeds one third of SRB estimated profit, therefore on a market cap to gross profit basis GRL offers the better value, we can also see that GRL is far more resilient in a gold price pullback.
kennyp52: £20m MCAP ... 1/4 billion shares in issue . What is people’s expectation of share price when this moves into production and starts funding the opening of the main mine site ? Are there any forecasts from the company moving forward for production ? When I look at SRB with an MCAP of £60m and in production and moving towards 100k Oz production in the next couple of years (and less than 60 million shares in issue)then either that looks extremely undervalued or GRL may not have multiple upside ... unless they are planning spectacular production ? Any figure available to read ? BTW ... just added more so this is not deramping the share ... I like to delve into the figures and fundamentals. All I see on their website is drill results and historical information on what the pits used to do And investing currently on the basis maiden production must add value .
spacedust: If ggp had a wiff of randgold resources in an rns forget a partnership but just half a wiff of randgold possibly coming on board would make ggp share price rise to 50p plus in a jiffy. Grl on the other hand had randgold as a partner paying for all mining costs but the grl share price tanked on that day. Diagraceful. Grl hated for no reason. Hey dont tske my word for it just look at the rns yourself
spacedust: When did things ever run smooth for a tiddler AIM gold company? For.some it just does like ggp. They can dig and find dog poo only and the share price will sky rocket and has done. Ggp is liked by market for no reason. Grl is hated by market for no reason. Infact grl has always been hated.
spacedust: Thanks stones. Been keeping the fsith for 12 yrs. Also if the likes of ggp or any other aim minnow got a wiff of a ftse giant let alone sign a JV the share price would have multi bagged. But not grl....grl share price just tanked. Absolute disgrace......
Goldstone Resources share price data is direct from the London Stock Exchange
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