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... Me too, Phew!
I'm going to have to re-register my handle as 'Manuel', as 'I (clearly) know nothing'. Where's all this information coming from? Or is it basically guess work?
Well when I emailed him (Bill) he said he was working on a deal that would benefit all shareholders. Sounds like he meant his own shareholding ;) Subtle and easy mistake to make. Allegedly.... btw no strong view either way but it does go on and too frequently.
Edzi
I think these are all good points, and fairly consistent with what I’ve heard. It’s not strange or surprising that Bill allegedly wanted it to fail, even as a big shareholder. Why own a percentage of the shares when you can own all of them? So the ‘take it down and buy it back for nowt’ theory has merit. Although still a substantial shareholder, Bill/Paracale don’t own the majority of them, so his influence is now much more limited. I reckon all of the other big shareholders are massively pleased about that.
So what is being alleged , if that is the correct phrase , is the financing to get the mine open was a sham … that Bill Trew set Emma as a fall guy / lady .. then Paracale would then presumably bid for an insolvent business knowing full well there was plenty of gold .. just needed the right equipment and management ? Wow .. typical AIM scam then ? Be interesting to see if this comes out later .. for the moment we can hope this will be sorted .
Corrumpo
From what I allegedly have heard from people nearer the situation is that Goldstone were given second hand equipment from Paracale that was not suitable for the mine which caused huge problems. The management that was also supplied by yours truly were also not good and the Chairman had his own agenda which seems startling given that he had shares in the Company and it was failing. The processing of the soil was also a big problem as we know. There seems to be a lot of gold in the mine that they are trying to produce from and drilling should give another load that they know is there.
To me I think that the money they have received is to prove that it can be done on a commercial scale which they should be able to prove, then there will be a situation of being at a crossroads with what to do next. Ashanti gold that is next door had these problems as well, the only thing I think is if they knew Ashanti had the problems why didn't they set up knowing that the same might take place. Anyway now Trew is sort of out the way let's hope List can be positive and help Emma sort the thing out. Although Emma may be a lot of things she did have her hands tied behind her back trying to operate the mine when Trew was there by the sound of it. This is what I have been allegedly told whether it is true or not is up to others to decide
Trew may be gone - but his company, Paracale isn't! And Paracale are GRL's second biggest shareholder.
Ms List has had her disagreements with some, but I've seen nothing untoward; she just fights her corner!
I think the most positive thing is the change at the top. I only know a little of what has gone on there, but as a result, personally, I’m happy BT has gone, and Paracale aren’t mining it. However…it’s Ghana and it’s Angela’s home turf, and all that goes with that. The press surrounding her is, shall we say, mixed! But it certainly wasn’t going anywhere with Bill, so we’ve had the best result in the circumstances for this stage in proceedings. As for 1.8m only keeping the lights on for six months, I doubt it. They’re not going to jump through all these hoops in order to have a very short term stay of execution, so they will know stuff about potential recovery that we don’t, which will have given people enough confidence to still see this as a worthwhile project. Otherwise they’d have turned the lights off right now and not wasted any more time/money. The AGM will be an interesting forum this time round!
Apologies Corrumpo!
Hopefully you know of some positive news however from the sidelines it appears to be playing out like a 'hair of the dog" scenario at the moment.
I wasn’t talking about you Fishun.
And you don’t know what I know :-)
Guys, Guys, We're not dead yet... We all thought we was we all still kind of think we are...
But There's 1 Hand coming out of the grave...
The negative opinion is based purely on being a shareholder for well over 10 years in GRL.
Beyond that there is no enlightened knowledge.
A more positive outlook from Corrumpo with a more intrinsic understanding of the company would be much appreciated.
Sometimes you read something negative on here, and you fear that the person may have a valid opinion and/or even know something worth knowing. Then you look again, realise that they write like a challenged primary school child, and relax!
Filling up the barrels again to stave off the inevitable hangover.
The Pelican will know.
Well after 10 years or so stuck in Wsg, I did something I NEVER thought I’d do, I topped up FFS. 250k at 3.44 delayed buy will show later, I think we may be on the cusp, but I’ve thought that a few times over the years lol
Good luck all
Any chance of another RNs today ?
They have given themselves a chance but it will be 100% now about production / gold sales. At least they have the gold price in their favour. No more messing about now please Emma - this could be another simple con to get some of their wages owed paid - 1/2 in shares by the looks of it but half in cash for destroying the company over the last couple of years. We need to see serious production .. that is it .. all that matters . They do that then they have rescheduled the finances sufficiently to establish a solid base by the looks of it. Lot of convertible warrants well above the 1p so we will see.
Sober up m8 - the best is yet to come
Harvard educated List has taken the reins
With her own money invested..... and Nguvu's
Sad that keyboard warriors don't research
😄
-111,
Please just go away!
Un suspending RNS first thing tomorrow?
Yes - major reorganisation, strategy, shareholders and philosophy.
Paracale and AIMSL are shown as the main shareholders.
Bill Trew is the Principal in Paracale. So not yet out of the GRL family/future....
Akrokeri will be a company changer for Goldstone once they start extracting those high grades , we just need to all hang in there but first off great news today and onwards and upwards
GLA
This company is really reorganising - hard to take it all in.
But there's more money coming in, more remaining in situ and the management team has improved!
Some of whom are increasing their shareholdings....
Kett - read the 3x RNS, ffs......
😕