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... That's one hell of a kick down the road for this can. 6 months? Will we be able to get there & kick it again at the end of June?
An operational update will help paint a fuller picture. Hopefully be along soon.
Good news overall - with the largest shareholder (and lender) remaining supportive.
And the well connected, respected and experienced List becoming Chair!
(;´_ゝ`)
To me it now now sounds like a sale of company to pay off its debts. Results not issued by year end so can formally delist from AIM exchange. Will lead to orderly sale. Can only hope mine production has increased for some serious offers. Otherwise another case of debt being paid off and little else.
Am I sensing a mood of optimism that this could come good or at least has a chance . ?
I am in it as it’s suspended and I have no choice .. I always believed but have been tested to the limit .
On one of the other boards … there has been some nasty things said about Emma’s sexuality . Thats not good for grown up men who put their money in voluntarily . Win with class . Lose with Class is what I say
I won’t be happy if this goes down but will of learnt my lessons on investing .
I've written this off but hope to wrong. The hope is that the lights are still on and mining progressing. informal agreement in place providing gold to settle debt. All speculation on my part. Just as much chance getting a RNS to confirm assets taken over. Let's go into the new year with hope.
… beware the ‘light at the end of the tunnel’, for it may be an oncoming train…
…yes no RNS this morning, so still in the dark, not light at the end of the tunnel.
The uncertainty continues!
... yes they're certainly leaving this until the last moment, but I believe that what will happen has been carefully engineered from the start. Such a shame they are better 'engineers' than gold producers...
... the lights were extinguished long ago, which is probably why we haven't seen the light...
Seasons greetings to all
I would sincerely hope so. I would also hope they would have the courtesy to inform us of their intentions as I think a lot on this chat have written off this investment.
Let’s hope that an RNS in the morning say all is wonderful and sorry we’ve worried you so much!
Possibly. Although when you read the wording closely in the RNS notice how it says MAY be cancelled:
“ The Company's Ordinary Shares will remain suspended from trading on AIM until such time as it has satisfied the requirements of AIM Rule 19 with respect to publication of its 2022 Accounts and AIM Rule 18 with regard to publication of its interim results for the six-month period to 30 June 2023, which were required to be published by 30 September 2023. In the event that both such accounts cannot be published by 31 December 2023, admission of the Company's Ordinary Shares to trading on AIM may be cancelled in accordance with the provisions of AIM Rule 41.”
So there’s a possibility they have managed to get their 💩 in order but have some grace to physically publish it. Either way, shouldn’t be long before we find out what these plebs have been up to!
So an RNS in the morning. 😎
The sheer cheek of Emma and Co to start having the NOMAD respond to shareholder queries because they haven't the decency to address us themselves. Then to have them pass this off as being due to "being busy"....there better be something good in the wings here to justify this!
FWIW here is my email to them 31st October:
Good Morning Bill and Emma,
I’d like to ask for some additional clarity on todays RNS given there is essentially (and rightly so) the view from auditors that Goldstone will no longer be able to operate as a going concern.
As a shareholder (and I speak on behalf of other PI’s who have been treated with such contempt over recent years) I believe the current situation is of sufficient severity to warrant more from the company that what was written in the RNS.
Whilst I appreciate no price sensitive information can be disclosed. There are a number of unanswered questions. Goldstone not so long ago had a production target of 20koz per annum. With operational failure after operational failure minimal gold has been poured and this is why we find ourselves invested in a company with a gold loan (which should have been paid off) accruing interest and growing as well as non working capital as it is being pumped into an operation which clearly does not work.
The company has spent all of the Blue Gold funding, to produce 376 ounces in the latest pour which will barely keep the lights on. What timeframe of mining/leaching has passed to produce this gold?
The company needs funds, which is this current AIM climate I am sure will be catastrophic for shareholders and bring once again more unwanted dilution.
Does the company have confidence that the operation can actually produce meaningful gold? What options are on the table for funding (and will they be in the interest of ALL shareholders not just Paracle and AIMs) and most importantly, does the company foresee a positive outcome in gold loan negotiations before deadline day in under 2 weeks time?
I look forward to your response.
Regards
Jake
I received this email this evening:
"Dear Jake,
Thank you for your email and my apologies for the delayed response. As I am sure you can appreciate, Emma has been entirely focussed on finalising the audit and pushing the operations forward in Ghana and hence I have stepped in to assist with some shareholders enquiries.
The Company will shortly be in a position to release its final results, and this will provide a more comprehensive update for shareholders on both recent developments and also the upcoming objectives/outlook for Goldstone.
I believe many of your questions will be addressed in the upcoming results statement from the Chairman and CEO, however if you do have any subsequent questions, I would be happy to assist.
Best regards,
Susie Geliher
St Brides Partners
4th Floor, 22 Bishopsgate, London, EC2N 4BQ"
So are we going to receive the last minute reprieve I was convinced would not happen?
Just type "Goldstone Resources HQ" in google maps. Looks pretty active but when this image was taken i am not sure.
Think there is a Russian connection.! Trew is close to them. We will see,!
Any activity at the mine.?
Pub,
In this case I do agree with you.
Tried emailing and calling the Nomad, Strand Hanson, but no reply. Emailed Bill and no reply.
Its not looking great at all!
Is this share definitely 100% going to tank ?
I am a novice at these things
Well it's been a month since the last RNS and no update since. Typical of the GRL board and I expect we'll get an RNS on the last trading day before Christmas or the end of the year telling everyone that the company has defaulted and will be taken over by the creditors.
It makes all those that stood behind the board continually telling everyone to trust them look rather foolish. I notice the guy that had seemingly invested in millions of shares hasn't been back here for a while. I hope he is OK or was lying about his investment as there is no future here.
Better luck with any other investments that you have.
Think it’s lights out here and the scumbags get their wish to take it private. Should be investigated by the FCA this situation!
The clock is ticking and getting ever closer to midnight.
Any rumours on the outcome?
Discussions in overtime?
Yep i reckon you are spot on this aim market is worse than gumtree for scaming bastards or do they call it investing still its only money i must say just lately i have developed quite a talent for losing the worthless crap
Has there be any change today any updates ?