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The Pelican will know.
Well after 10 years or so stuck in Wsg, I did something I NEVER thought Iβd do, I topped up FFS. 250k at 3.44 delayed buy will show later, I think we may be on the cusp, but Iβve 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
π
-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......
π
Mr Luthee,
You stated that ". . . a 1p prediction is premature - without significant more information. . . ",
viewpoints may be different, but the COMPANY itself took this 1p valuation earlier through the Subscription Price listed.
All good.....
ππ«
The time to call it a day, is when the company does. Not on your recommendation. On its knees or not, they're still breathing, and after all the recent fook ups, mismanagement, etc. I'll take take it !
A 1p prediction is premature - without significant more information.
Including (at least) the accounts and directors' subscriptions.
Very hard to gauge the market's reaction to the extraordinary events.
well it is better than a kick in the *******s as the old saying goes. huge dilution but the only practical way of saving the company . 1,900 ounces is not exciting but something ( where is the 5,000 contained in the leach pads π€·ββοΈ). fact is that we have a major investor overseeing things and will have assessed the project and they have decide to back it / give it a go . that provides optimism that production can get to a commercially viable level β¦ otherwise they would have been writing off their significant investment anyway. their terms and those of the directors , especially the warrants could be very lucrative and which ever way you look at it the incompetence has cost privets investors dearly. emma must be cheap as she should be down the road with mr trew imho !
very much still fingers crossed . audited accounts later today ?? got to get them filed in order to re-list and get this away.
re-listing will be circa 1p with a return to 3p if they get the production up within the next 6 months - my target
If it gets relisted . What will the SP be
Have to say I thought it was lights out for GRL or there was a coup to take it private. To get a raise away at all given the state of the business in this environment is nothing short of a miracle. Not overly disgusted at 1p either given a 50% discount isn't uncommon at the moment and been done by much stronger businesses. Dilution is a bit crippling but its better than losing the lot!
Employees and AIMS taking equity is a positive sign to some degree.
They have also been producing gold, which I would imagine has been done on a shoestring given the current situation...so they are doing something.
Bill gone has to be a positive. Angela List may now be able to salvage something here if the can get the operation moving whilst gold is at $2300. Another BS comment form Emma...I personally think she is a joke but it it what it is and she needs to pull her finger out and deliver.
A glimmer of hope here!
I might even try to make an appearance at the AGM π
I know an AGM is required but they already have enough vote for it to pass. ππππ
The good news is the lights are on a that they have actually produced enough gold to pay of the gold loan.
The director's subscription will come after accounts published and the directors subscription Iβd later today. My take is that they will give the exchange the accounts first thing for scrutiny. Once verified an account RNS followed by a suspension related RNS followed by the Director RNS.
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 candleβ¦.
I'm expecting one or two more updates this week.