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Ghana is a hugely pro mining country so fingers crossed this permit comes sooner rather than later and we can start producing gold at historical POG highs. That’s literally the key to the door....
Hi DT,
I don’t use twitter albeit I read the post. I agree re SP upside hence invested here.
Since I have bought in though it seems there is a seller. But also there are some big buys going through.
I think the seller came out on the last rise. It’s not a problem as it’s not a huge dump just some profit taking and it gives people to get in at a good price.
Bilko,
My interpretation of Q4 2020 is the calendar quarter. So October, November, December. Hence by Christmas we should have re-rated. I try and pitch my research to get in ahead of big events and then take some off on news letting the core holding ride and buying somewhere else.
From Emma...
“We continue to believe that AKHM has the ability to deliver significant value for all shareholders, and we look forward to keeping shareholders updated as we move forward to achieving first gold production in Q4 2020."
ATB
Trek
Trek
What's your view of the Twitter post referred to by Luke below?
DT
Gold over $2k now. This is great news for the business model as it brings forward cash flow financing. Not sure peeps quite get their head around the massive impact that has on the balance sheet. POG could get to 2.2k by Christmas easily. 10p here is a fantastic buy.
Remember we have recently received some environmentals just waiting for the rest. If approved they should be here by end of next week.
Trek
https://twitter.com/TheMoneySponge/status/1290753807052308482?s=20
*fingers crossed
That last buy of the day today was mine. I’m confidently hacking my way to 1m shares here. Just over half way now. Anyways what do you think of the 500k sell. There’s been a few decent sells here of late.
Personally I don’t blame them, lock in some profit. After all I and others arrived here late. Fair play.
Buys sells don’t matter. Volume is key and then the SP trajectory. Simple as!
With POG tailwind and pending permit this could do well.
Atb
Trek
We're very much in need of this environmental permit before things can move up to the next level. From the 17th July RNS we were told to expect it in a "few weeks". Fingers crossed the Ghanaian govt aren't messing around and we see that this week! A pro mining country with a Co. literally ready to start mining...
Hi tom111,
Sorry agm tomorrow.
Re takeover, would come from existing holding investors. Imo.
Trek
Results due tomorrow? the finals have recently been reported am I missing something?
Results tomorrow, probably /hopefully a non event!
Trek
Thanks Trek. I get where you’re coming from with GRL but I’m not sure we are big enough to be a t/o target. If we stop buying at 9p I could see it being a 2X play. I’m normally looking for things with a bit more leverage to the upside. How did IRR compare on your analysis? GLA
Sensible Trek. I only use WhatsApp and Telegram mainly because my family and friends and some classes I attend use it for information. I think there is too much reliance on technology and social media in particular. I can understand your concerns about not trusting the owners, there have been suspicions that they are selling our data. What else are they doing with it that we don't know about!
Thanks balanced.
Honestly they try it on with us. Don’t use Twitter, don’t use Facebook or any other social media platform. I just don’t trust the owners, never have. I reluctantly downloaded WhatsApp because of lockdown. It’s not that I’m a technophobe. On the contrary it’s because I have worked with technology all my previous working life and understand it. Hence I don’t have internet banking either!
Probably why I hold gold. Lol!
Trek
Trek
It's spam - it's on loads of boards trying to get followers for the Twitter account.
Hi aus,
It’s restricted can you post. I’m not a Twitter user.
Thanks
Trek
Hi EyesRight,
Permit 10p. Then it’s on for production.POG imo at worse will tread water until Christmas but I think many are expecting 2300. Who knows but I look at it this way. It’s more likely to go up than down from here.
If GRL produce by Christmas, and it doesn’t need to be a lot, they just gotta say we are a producer and it’s 20p min. That’s very conservative. We are a 21m mcap with a minimal free float. And a very likely takeover target as in a top gold postcode, financed with Bill on the BoD. There are so many t/o ‘disclaimers’ in the RNS’s that is to me pretty obvious we’ll be bought. We also operate in a mining friendly country and we have proven resources and potential upside. Just need a decent pump! Lol!
Anyway I have been buying here and added another 30k just now.
Resistance is 9.2 which should be broken pretty easily. There is a tiny gap at 6p but arguably it was covered by the spike back in June so unless something changes I don’t see it going there but if setting a stop 6.5p would be about right but then given the float I would not be surprised to see a flash crash and grab here.
With macro driving (unfortunately) the POG and so few shares on offer and about to produce this is the best bet on AIM in terms of risk reward imo.
For less risk less reward SGZ is good value, as a hedge for gold SHG and as a buy and forget to look forward to a dividend in a couple years is PUR. PUR is about as good as it gets for that. Sure there are others. I hold a few more including GGP from way back but I see more upside here short term.
I knocked up a simple matrix with the things I like across the top like, Funded, BoD experience, postcode, production date, TA, debt, investors, Director holdings, etc and then 30 odd small cap AIM companies down the side and scored each one and then added a risk factor. GRL came out tops by some way for my analysis. Hence I have been buying consistently where I can but will stop at 9p. ATB
https://www.marketscreener.com/GOLDSTONE-RESOURCES-LIMIT-23084779/charts/
Trek
Hi Trek. I am also in here. I can see the short term value in GRL with early production but where do the legs come from in your upside analysis? Thanks
20% up and climbing... getting noticed...
I just added 120k for 9.6568. The POG changes the dynamics of this enormously! One permit to come and having the other environmentals signed off I don’t see it being a problem. Massive disconnect in mcap imo. 10p will be a new min here very soon. Having researched so many junior miners GRL came out on top of my matrix for upside risk reward. Usual caveats
Trek
Compare this with its peers. It is massively undervalued. 100m mrk cap is about right on production start..
Stretch.
Once the permit comes through then the game will begin here.
Can you imagine the CEO waking up to see hold higher by $20 again lol. She’s gona be kicking that Ghanaian door down with her bare feet.
Fair valuation before the pour will be 20p so I’m expecting these to double over the next few weeks.
When they produce the a £60m valuation is reasonable making it 30p +
These are all conservative measures and if gold heads up towards $2200-2500 as predicted than 50p is very achievable here at production.
Dont you just love re rating stock...
Money now shifting into mining stocks. This has potential to dare I say multibag...
Nt to buy most of morning.. gonna really start to move now
43k share purchase is mine.
Happy to be here. Ghana very pro mining. Once that permit comes then these will explode.