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When will this ever re list or we hear something?
In English perhaps - next time?
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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....
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Https://www.goldstoneresources.com/shareholder-analysis/
Fiske are Ocean Finance/Milton
Pershing - Bank of New York/Mellon
Interactive - abrdn (Standard Life)
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A reminder
https://www.goldstoneresources.com/company-profile/
😏
I had this reply .. it came from “St. Brides” . I think everyone involved in this company gets weeks confused with months … this reply was 3/1/2024 :
Thank you for your email and I appreciate the points that you have raised. I will ensure these are viewed by the board so that they are aware of your concerns.
To address the points raised in your email, firstly, and for the avoidance of doubt, Emma Priestley remains the CEO of the Company and continues to be completely focused on the operational success of Akrokeri-Homase. Following the signing of the Standstill Agreement, Emma will now be returning to site to progress operations and to transition to the new operational management team, as referred to in the RNS.
Further updates on the operational performance of the Company will be made in due course, in addition to the CEO / Chair narratives in the final and interim results, which are expected in the coming weeks.
More fundamentally, now that this Standstill Agreement has been issued and with the audit process moving towards conclusion, the Company, with the benefit of a new operational management team, are in a much better position to provide regular operational updates. The Board is aware of the need for these progress reports, which provide a more comprehensive view of operations over and above the regulatory updates, and it is eager to implement these as appropriate throughout 2024.
Best regards,
Some people (not me, obviously) have suggested they’ve found plenty of gold, and some people (not me, obviously) have suggested that said gold hasn’t made it to the balance sheet.
When the bod finds more money. Hopefully they'll have more success with that than they've had in finding gold...
When will this unsuspend ???
Why would anyone expect Emma to keep to a time deadline ? The silence is deafening . If they have the plant , if they are on site , if there was 5,000 ounces trapped in the leach pads .. then where is the gold ?
... 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/
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