Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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... if they meant 10 '(actually) working' days that could take a very long time...
In the next 10 working years
Maybe Rover, or maybe we’ll get a proper update in the next 10 months. Who knows.
Shenanigans central!
Maybe they meant 10 working days 😂😂
1st March 2024: “The Board believes it is making positive progress in this regard and expects to be able to provide a further update during the course of the next 10 days.”
Standing by…
Hi All
If they get it over the line, of course there will be a massive dilution which will be the only way of dealing with it.
For some reason, I feel confident they will get it there but after that I probably won't be happy because of the dilution
Regards
Your final points may well prove accurate, but the shareholders, creditors, Blue Gold, List and Trew (both with vested interests) - may just come up with a plan for the future. Past geological scans and data evidenced significant potential.
After the initial gold production and subsequent future estimates, it was only fairly recently that they were saying how they had to spend money to increase production yet further. Then for some unknown reason, they appeared to be completely unable to produce any gold much at all. Yeah right!
As for AIMS, I don’t think half a dozen suits sitting in an air conditioned office in Kuala Lumpur want a gold mine in Ghana and a load of ancient JCB’s. So I imagine they’d take whatever they can get for their bit.
All a game as others say, engineered for the benefit of those who know the game well.
Massive dilution and relisting would now appear to be a huge result for small shareholders. I guess we haven’t got long to find out.
Much depends on the Blue Gold (lender) view - and that of the shareholders....
https://www.goldstoneresources.com/shareholder-analysis/
( ^▽^)
For this share I would agree.
About half this company is owned by AIMS Asset and Apex mining - and their reaction will be interesting to hear....
( ´ー`)
Mr Fishun,
3 or 4 years ago GRL had an MCAP of about 50% of CMCL.
CMCL have been generating 70-80Kozpa for the last 3 years.
GRL rhetoric have been 50kozpa, 25kozpa, 10kozpa. . . . writing on walls along time ago for this organisation. Possibly correctable 2 years ago but no longer.
Suggest Shareholder Approval if they change the BoD (or get some proper people to assist them) - what I suggested many time in the past.
The current BoD are clearly out of depth - no matter how positive they are - they need help.
... that's the lights off, just need to close all the doors now.
Having invested in this apology of a mining company sadly since 2010 (it all looked impressive then) just wondering if anyone has ever actually seen the mines that don't appear to generate much?
Jdt
Good post. You could probably have quoted any number of missed deadlines and promises which never have materialised too!
Kenny
My thoughts as well. And I can think of a number of reasons why they wouldn’t want to tell us about how much gold is being produced. None of them are good!
As for Angela List (and all the directors come to that) their connections are supposedly so strong that they can’t find modest funding for what are supposedly mines with absolutely huge potentially? Yet another thing that doesn’t ring true.
And for those who think smaller shareholders don’t matter when it comes to being treated properly, as a general principal, one day such companies might need those shareholders for additional funding, so why would you alienate them?
I have my own theories, but probably not legal to post them here!
From the Jan RNS:
"Further to the execution of the Standstill Agreement, the Board is pursuing various avenues to seek to raise additional funding to provide working capital for the group's operational development and to settle various balances due to the Company's outstanding creditors in order to facilitate publication of the 2022 Accounts and Interim Results on a going concern basis. The Board is seeking to complete such arrangements by the end of February 2024 and will provide further updates as appropriate in due course."
Hopefully the NOMAD forces an update if we see nothing tomorrow (which I highly doubt we will)
Just another painful wait to see what, if anything, these muppets can muster up
I see people making comments that Bill Trew is a hardened and successful miner .. that Emma has had 1 hand tied behind her back .. please give me any example of either of those guys in charge of a successful and profitable business.. I see s lot of companies they are involved in that have insolvent balance sheets. At least Trew is gone but do we really believe Emma is up to the job? What is she doing? Where is the gold she said was sitting in the leach pads - all $10m+ dollars worth . Why are the accounts still not signed off even after changing accountants. Why does she think it is not appropriate to not report on any production that is ongoing … she has spent money on plant .. where is the production / cash ? Why were we not insured for the so called theft of gold ? Why were they guiding tens of thousands of ounces of gold production to be in the hundreds ? People still have faith ? It’s all we can have to be honest and we hang on by the fingertips but anyone believing in Bill Trew and Emma are frankly deluded imho. If List can turn it around then fine .. first thing she needs to do is get that $10m worth of gold out of the leach pads .. or was that a pure lie ?
It’s not theirs. They are the custodians of the company which holds shareholder’s money. In this case an AIM company, and that comes with enhanced obligations to shareholders.
Hi Corrumpo
I understand believe me however, when you invest in a Company it's not really your money anymore it's theirs.
You have shares which being a miniscule amount means nothing unfortunately. I have had comms in the past but nothing for months so I am in the same boat as you
Deramp something that’s on the floor already and, as you say, suspended. Hardly. Just venting frustrations at the utter contempt we’re being treated with really.
Edzi
I do get where you’re coming from, and it looks like you’ve had the same kind of bulls**t holding messages back from the company that we all have, and are staying somewhat optimistic on the strength of those. I get that.
However, this is (until delisting) an AIM company which has responsibilities to shareholders. Nothing has ever rung true about their statements, so I think it’s quite reasonable, when no one has been able to get access their money for many months, to ask what the hell is going on, and where the main players are hiding out. Oh, and also what gold is being produced and where it is! Not every communication has to be in a formal RNS. It’s time more of us demanded information from the board. This is not (yet) a private company!
Corrumpo
Don’t waste your time trying to de ramp this share. It’s suspended.
Corrumpo
What do you actually want them to say, they are looking for either a buyer or a J/V
Until such times as they find someone and it's concrete what are they supposed to do.
Release an RNS saying, it's been a tough day today made some calls but nothing has happened
We all have to wait and hope, I have far too many of these and I want to know as well but things take time
There comes a time when “News is coming soon” just doesn’t wash any more. We’re way past that time. Anyone heard or seen anything of Angela List commenting on Goldstone? Only things you read about Angela List on the internet are generally either allegations of historic wrongdoing, or courts actually banning her from being a director of a company! Where’s CEO Emma Priestley? Where is Goldstone’s PR company, which actually does zero PR? What total and utter contempt everyone outside their inner circle is treated with!