Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
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... is that trustworthy? Can it be verified and why hasn't it been RNS'd?
I don't know twitter so don't know how reliable it is.
Sorry meant to put the link in
https://x.com/goldstoneres/status/1775443108068557050?s=61&t=iGwN06MTvXMFS5Z_VwueBg
New message says doubling gold production and that they are selling gold each month.
Please let us see some evidence.
Whywastetime
Hi, If you look at the logical way this has turned out, Bill Trew who is a 25% shareholder is now out. What does that tell you?
The best thing that could happen is that someone buys all or part of his holding so he can get either watered down significantly or out completely. There are alleged things that have not been good. The other thing that would be good is if ACAM halves his awaited gold so it would show all major holders take a bit of pain to get the Company in the right position to move forward.
The future depends almost entirely of the actions of the principal shareholders. Through Paracale Gold - Bill Trew remains closely involved.
It will be the response of those companies that will most affect the post-suspension price - and, hopefully, the current gold price will have a bearing.
Well I have been saying for some time that there was an alleged problem at the top .
Now maybe we can move on but the dilution may be painful
Https://www.goldstoneresources.com/shareholder-analysis/
A changing scenario.
Nearly 60% of GRL is owed by AIMS, Apex and BCM. Their approach/stance, and their desire to protect/enhance their investments - will be crucial. As will the role of the highly experienced Chairperson - Harvard graduate, Ms List.
Hopefully finance terms can be agreed. Expecting mass dilution to shareholders but a bit of something is better than nothing.
Goldstone should be flying in current climate but unfortunately the reality is that the company has been unable to extract the gold in any real commercial quantities. It's now whether they can put in place a mining plan which lead to free cash flow as well as servicing debt.
It's highly significant that this facility is provided by the company's biggest shareholder. Bill Trew also has a hefty investment and, presumably, Angela List (also invested - indirectly, at least) is now calling the shots.
..."a fundraise and agreeing an extension to the Gold Loan and expects to be able to provide a further update during the next two weeks".
So, that would be about September time then...
Bye bye Bill - who's still a major investor! Images show mining activity - and it continues too, on the financial front....
🫢
Over the past five weeks there has been some activity at the mine site. Check out these two sets of images.
20 feb
https://apps.sentinel-hub.com/eo-browser/?zoom=15&lat=6.32846&lng=-1.62512&themeId=DEFAULT-THEME&visualizationUrl=https%3A%2F%2Fservices.sentinel-hub.com%2Fogc%2Fwms%2Fbd86bcc0-f318-402b-a145-015f85b9427e&datasetId=S2L2A&fromTime=2024-02-20T00%3A00%3A00.000Z&toTime=2024-02-20T23%3A59%3A59.999Z&layerId=1_TRUE_COLOR&demSource3D=%22MAPZEN%22
Yesterday
https://apps.sentinel-hub.com/eo-browser/?zoom=15&lat=6.32846&lng=-1.62512&themeId=DEFAULT-THEME&visualizationUrl=https%3A%2F%2Fservices.sentinel-hub.com%2Fogc%2Fwms%2Fbd86bcc0-f318-402b-a145-015f85b9427e&datasetId=S2L2A&fromTime=2024-03-31T00%3A00%3A00.000Z&toTime=2024-03-31T23%3A59%3A59.999Z&layerId=1_TRUE_COLOR&demSource3D=%22MAPZEN%22
As if this bunch of muppets couldn’t embarrass themselves anymore….they really are a joke.
If a raise ever gets done it will be at a crippling price as their back are against the wall. My money (literally) is on a delisting and they take it private for the investors to take all the spoils at our expense
When will this ever re list or we hear something?
In English perhaps - next time?
🤨
It's a theme with Goldstone - estimate a precise timeline (why? Why not say 'in the next few weeks') and then not deliver on those timelines - in which case if their nomad was worth anythi g they would force a follow up rns '...still ongoing/delayed'. But they don't because they don't give a s*** either as long as their fee gets paid. I don't believe any of yhe timelines given in any rns the company issues, it's the best way not to be disappointed. Gla
‘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.’
The Board being over optimistic again!
Nothing today so far
The 10 working days expire tomorrow - RSN?!
Wasn't aware of most of that, thank you.
The Gold Loan is from AIMSL (a principal shareholder) - and Paracale (the other) is 30% owned by Bill Trew. So a lot to discuss by people who know each other well....
Angela List (GRL board) owns Nguvu - and Vidacos if a Citibank subsidiary....
( ^▽^)
Https://www.goldstoneresources.com/shareholder-analysis/
Fiske are Ocean Finance/Milton
Pershing - Bank of New York/Mellon
Interactive - abrdn (Standard Life)
( ̄ー ̄)
A reminder
https://www.goldstoneresources.com/company-profile/
😏