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Goldstone Resources Share News (GRL)
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Goldstone Resources Information
Share Price Information for Goldstone Resources (GRL)
Share Price is delayed by 15 minutes
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Share Price:
1.00
Bid:
0.95
Ask:
1.05
Change:
-1.15 (-53.49%)
Spread:
0.10 (10.526%)
Open:
1.125
High:
1.125
Low:
0.80
Prev. Close:
2.15
Last checked at -
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Don't have an account? Click here to register.GoldStone Resources looks to save cash after losses widen
Fri, 30th Aug 2013 11:08
AIM-listed GoldStone Resources will concentrate on conserving its cash in coming months after full year losses widened.The group tapped the market for £359,477 in July and members of the management team have since March agreed to defer 50% of their pay to save money.Given the financial constraints, the company said it had also decided to seek to sell its interest in the Homase/Akrokerri project in GhanaChief Executive Jurie Wessels said: "In the coming months we will continue with cash conservation measures in order to stretch the funds raised in the recent placing and will be doing only essential exploration work at our permits. "By leaving major exploration to joint venture partners such as Randgold and Ferrex and potentially by selling Homase/Akrokerri, we are seeking to add significant value to GoldStone with minimum expenditure."It comes after a challenging period for gold explorers like GoldStone Resources amid the decline in the price of gold.But the company said despite the difficult market conditions it had managed to make significant progress at all of its projects and yielded encouraging drilling results at Sangola, Oyem and Ngoutou.Its losses widened to $6.5m in the year to the end of February from $5.7m in the year previously. Paul Smith at WH Ireland said: "With cash resources limited and a change in market sentiment towards junior gold explorers we have changed our recommendation to Speculative Buy for GoldStone and reduce our target price to 5.0p from 9.7p."Shares in GoldStone were down 11.43% at 1.55p. TB
More News
16 Apr 2014 10:16
Goldstone Resources Remains Confident On Sangola Despite Randgold Departure
LONDON (Alliance News) - Goldstone Resources Ltd Wednesday said it believes that the potential remains to make a meaningful discovery at its Sangola permit in Senegal despite Randgold Resources Ltd planning to pull-out of the site on disappointing test results. The exploration company in We
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Goldstone plummets as Randgold pulls out of Sangola license
Mining exploration group Goldstone has received a notice of termination from Randgold Resources in relation to their joint-venture over the Sangola license in Senegal. The west and central Africa-focused outfit is listed on AIM, which is part of the London Stock Exchange. The group has various expl
Read more3 Apr 2014 11:40
Randgold Resources Terminates Joint Venture With Goldstone Resources At Sangola
LONDON (Alliance News) - Goldstone Resources Ltd Thursday said that it received a termination notice from Randgold Resources (Senegal) Ltd relating to the companies' joint venture over Goldstone's Sangola licence in Senegal. The exploration company in West and Central Africa said that the s
Read more18 Feb 2014 12:41
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18 Feb 2014 11:50
UK WINNERS & LOSERS: Randgold, Goldstone Fall As Drilling Results Disappoint
LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Tuesday. ------- FTSE 100 - WINNERS BHP Billiton, up 1.2%. The Anglo-Australian mining giant has reported an 83% increase in profit for the first half of fiscal
Read more18 Feb 2014 10:47
GoldStone and Randgold fall on drilling results
Shares in AIM-listed exploration company GoldStone plunged 15 per cent on Tuesday morning after the group said results from the drilling programme on the Baraboye and Ibel prospects did not justify an immediate follow-up programme. GoldStone, which partnered Randgold Resources on the project, said
Read more