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Has there be any change today any updates ?
Should be legal action against Bill for what hes done here, created a situation where he gets to keep the company for pennies and screw over investors. Should be in prison for what they are doing here.
A couple months reply by Emma that it was Auditor problems they were having and they were producing gold. So where is it. Have they got auditor have they got gold.
They are most certainly waiting for the ‘Dear John’ letter!
... you're late with news Goldstone, that's a first. Are the lights still on?
They’ve nailed the lid shut, dug the hole and about to lower the coffin in.
Do I hear a tap from inside?
Alas, no, it was the echos of hope from the PIs.
Is this going down to the wire or is it last rights. Lots of investment taken place and looked to have solved some of past issues. Would just be typical of AIM if this now gets taken over for the cost of the debt. I thought BoD had showed more integrity but this past year has thrown that out if the window with communication to investors.
5th Dec is just one of the doomed dates....I would bet we don't get an RNS and are kept in the dark or we get the same exact holding RNS we have had each time.
There'll be no resolution here and it will delist EOY, going private for Bill and his pals to reap the spoils longer term, without the cost/regulatory responsibility and most of all need to answer to shareholders.
With Gold above $2k per OZ.
Would be a massive shame if this loan doesn't get resolved in time.
5th December 2023
When is the date we find out if we are doomed ?
There is a lot more going on than we think,I think you will find at a guess is that Uncle Bill is the protagonist not the
knight in shining armour.
Will be a bitter pill to swallow if so . Amor fati
It's looking like we've lost here, they are jumping through the hoops to default non-payment of loan at Shareholders expense.............I've written off a substantial amount as in my opinion very little hope left but I would very much welcome the opportunity to be proved wrong by BT!
Could Bill Trew not pay the loan . Surely he has more than us ?
Default notice served, hopefully they can pull something out of the bag to resolve this. 14 days, we're now on the clock.
Mr CyberMonkey,
I suggest if there is even a partial amount of truth to GRL ever producing 50kozpa then I would think you definitely haven't lost your LS - as the highest I think the share has been is about 14p which equates to MCAP of £70m. Even if GRL can only muster about 25kozpa in some distance future - that should at least still make an MCAP of £70m and paying 5% divs.
It all depends now on how much dilution may happen due to GRL current predicament - and the level of deceit (if any) the GRL board have masked in past future production figures.
One thing I am sure - confidence in the GRL board for many has now gone the same way as their production estimates.
If this is just a big play to remove the PIs and there is plenty of gold ready to gold pour, I will be fuming.
My daughter and I are invested as we actually thought this could succeed, was never expecting to get super rich, just a nice return on investment would be nice.
Invested in this company as I believed the story now it looks as though lost life savings.
The usual rubbish from where, who doesn't like being outed for making spurious and uncorroborated allegations.
Glad I’m not the only one who sees where this is going whereisthegold! This will now be delay tactics and holding RNSs until end of year when everyone but PIs (who sadly are the ones who funded this all and will sadly lose out) see BTs plan unfold and a profit be made for someone to finally take hold of what has been a shambles of an operation these amateurs just couldn’t handle.
They did a very good job of hiding the incompetence in the early days I have to say and it was all looking very promising but the “robbery” was where alarm bells stared ringing (haha well actually the lack of them was an interesting coincidence)
My investment here is written off in my mind so bar an miracle it’s another expensive lesson learned.
The tin pot operation built around what was supposedly a 50koz then 25koz etc etc operation with leach pads that leach everything but gold it seems have us in a position they can’t come up with a relatively small amount of gold to pay off the loan.
If they wanted to sort this out, they would have done so with gold at $1900 an ounce FFS…that’s an incentive and a half to sort your operation.
That might be a while in coming, I'd say!! No irregular or improper activity seems available. But it's so easy, on here, to make such vague suggestions, without any detail/facts.
Examples of prior BT malfeasance then?
( ´~`)
Conjecture is normal - but we don't really know what's happening. And are assuming BT is disingenuous. So far, that hasn't been his style!
(ー_ー;)
Yes - and maybe probably will own 50% soon ?