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Better than I was expecting. Had fully expected to right this off so to see them keeping the lights on is a great relief. Thought this would be another crooked AIM company being taken private. Looks like their is some fight and people trying to do the right thing.
Not going to be easy to turn this around but possibility there.
See under 'Directors Anticipated Participation' - more news is imminent. AIMSL are the main player now, taking more equity - as well as (some) directors.
I thought the lights were out here, someone just lit a candle….
I'm expecting one or two more updates this week.
At a minimum published accounts are required to relist as that was the reason for the original suspension (accounts overdue). I'm not sure reading and re-reading the RNS whether the accounts are to be published today?
following publication of the Company's Annual Report and Accounts in respect of the year to 31 December 2022 and interim results for the 6 months to 30 June 2023 (the "Accounts"), expected later today (the "Director Subscription").
bit ambiguous? Is the director subscription expected today or publication of the accounts and annual report? Or both?
Well with record gold highs this is not a bad time to salvage something here. I remain hopeful and will be averaging down as soon as back trading.
GLA.
... absolutely, I fully expect shareholder approval will be gained and we'll be back in business.
I didn't see any mention of when will we be relisted? Perhaps I'm blind?
Great News
We're back in business!!!
😀😃🫠😉
From the official company twitter feeds so should be legitimate. I do and don't agree, if it can be stated without a RNS, it's a good source of info. However it would be good to get a full operational update. Especially if operations are picking up.
I'm hoping all of this recent mess, was just down to poor cash flow management and horrible administration issues and that we can get back to production gold mining soon. Gold is sitting at record highs, this is not an opportunity any gold miner wants to miss.
I would not trust any random tweet.
This, however, is from the company, so has some legitimacy.
The company should provide a proper official update.
... 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