Member Info for Corrumpo

@bearlittle The counter viewpoint is that they can, and are, mining. And that, far from being incompetent, they’re working it all very well by building it out at everyone else’s expense, with the plan to nick it back for a song to the detriment of the private investor, and so keep all of the spoils for themselves. If I had a pound for every time over the years people said “This is a multi bagger”, and “It’s a bargain at this price” and “The next six months will determine its fate”, only for the can to get kicked down the road yet again, then I wouldn’t be sitting on the loss that I am.

I’ve no idea if this even has the possibility of coming good, but all the frames of reference suggest that it can’t. When your CEO says in December that production will be 1000oz a month from January and production is 30% of that, so a blatant lie, then what more red flags do we need? These are not good people.

@JackHackett

Spot on. Billy boy wanted to nick it all for his greedy self for next to nothing, but now AIMS will do it.

All credit to the daily positive posters, but they’re now throwing their valuable time down the pan along with their valuable money.

There’s gold there, or they wouldn’t all still be scuffling around over there, but it’s not for the likes of us!

Am I being massively naive to think that the board dismissing a 1.6 offer, whether formal or not, is a sign that they ultimately think it’s worth an awful lot more. Or are Emma & Co also trying to take it down totally then nick it back for a song? Or is Emma quite happy making a nice hit out of it and so is happy to let it limp along year after year? Is she getting paid actual money or just in shares. If the latter then it maybe good if they wouldn’t consider 1.6p.

Good point. Another Bill bluster was that he was heard to say the Ghanaian government had accused Emma (although I don’t know if he was accusing her personally or GRL in general) of stealing gold. That got washed over and not mentioned again.

The problem has been, and will be going forwards, that we are totally reliant on what we’re told by the board. Historically, I have made decisions based on this info. Every single time, and this has gone on for years, the info they put out has proved to be either a blatant lie, or an extreme stretching of the true picture. This is evidenced recently by Emma’s “1000oz from January” statement. Made when there was literally zero prospect of that happening. It’s for these reasons that I generally post negatively about the company. I don’t mind losing money if there are genuine issues they encounter along the way, but I very much resent losing money because I’ve based a decision on what has proved to be a lie. The board telling the truth is fundamental to the integrity of the whole operation. Where this goes from here, I have no idea, but what we do knowing that whatever info they pump out in RNS’s, it may or may not be what’s actually happening!

Chris

Bill didn’t share info of the latest pour, he had all the historic figures. If you have an email address I can send it to, I’ll send you what he passed around.

Emma said the next pour was “In 14 days” so due to be 25th August. Bill’s handout pointed out Emma talking about “..the turnaround” Bill has added notes saying “There is no turnaround - it’s a lie”.

As I mentioned before, I understand (as in from what Campbell Smyth said) that the reason the 1.6p bid wasn’t disclosed was because it was just talk at that stage and not any kind of formal bid. They said lots of people have talked to them and open discussions.

But then again, this is GRL, so who knows the truth of the matter!

I know a little more about Mr Trew than many. Whenever I’ve shaken his hand I’ve counted my fingers afterwards. Money is his absolute god. Some of what he’s said may indeed be the case, but personally I’m assuming there is also a big agenda going on here. Again, my own view is that somehow he wants to get his hands on GRL for a song. There’s obviously gold there, or they wouldn’t all still be scrabbling around out there for 15 years.

So Bill, what do you want to happen then? Are you looking to take it over? You presided over RNS’s containing huge amounts of twaddle over expected figures for the year. Even when they were downgraded they were a fantasy you must have known you couldn’t get anywhere near. Yet you’re now complaining about the current board doing the same thing! Most of the smoke and mirrors nonsense happened on your watch. If you were doing such a great job, why did they want you out so badly?

Londuke (and all your other aliases)

Bill Trew 100% does live in the UK. He has a holiday home abroad.

Bill may be many things, eg the tightest man ever to walk god’s earth, but he’s no mug. He will have an agenda. And much of the sh*t show that GRL has become happened on his watch and with his full knowledge. I assume he’s trying to take it down now either out of spite or because there are other plans afoot.

I believe goldbug2 is Bill Trew because in previous posts under that name there is a Warren Buffett quote that I have heard him use in person before. It’s one of his favourites.

Apology accepted :-)

I know I come out with some stuff on here based on my own opinion, but this was all just facts.

I think the reason there was no statement to shareholders about the offer was because they felt it hadn’t got to a formal enough stage to need to do so. That is what I understand Campbell Smyth said.

I don’t think GRL worry too much about the exact AIM rules they need to adhere to, and from what I understand, AIM don’t appear to rigidly enforce much. There was a lot of mudslinging from Bill about the legalities of even the meeting itself as well as the accounts, and all sorts. I think if GRL vaguely follow the rules, everything else seems to go away ok.

I’ve just seen the RNS backing up some of my points.

There were 40 odd people there.

And Emma did say they are hitting low grades, so the 1000oz is some way off. She said at least a year and that they’ll have to build out more to get there.

For me, this brings her integrity strongly into question. My point has always been how a renowned expert like her could say in December that 1000oz was coming in January.

Whilst Bill was clearly bitter and throwing allegations around, a lot of what was alleged happened on his watch!

Sorry, that should have said 1.6p a share. Bill also disclosed the name of the company, which I won’t repeat here. Campbell Smyth, calling in from a link, acknowledged there had been ‘discussions’ with various parties, but said no formal offer had been received. The view was that it was a while ago and not something current or ongoing, but who knows.

I reiterate, they said Angela was ousted by a board meeting the night before the AGM, and that her payout was 200k (I presume dollars). Bill directly questioned Emma as to whether they have the cash to pay this out.

Guys, if you think I’m going to put myself on offer by reporting things that didn’t happen, then you underestimate me. Everything I have said happened, and in an open AGM to shareholders.

Btw, Bill’s circular he handed out to shareholders before the meeting was entitled ‘Goldstone Resources the Facts vs the Fantasy’ and he details what he said is the actual gold production since 1st January 2024. I have a copy of this.

Guys, if I’d read what I’d posted from someone else, I would have questioned it too. It is 100% the truth, I can fully assure you. If anyone wants to message me privately somehow, I will happily expand on it. If you have an anonymous email you can use, then I will send details there.

Banjo, nothing is market abuse when Imam reporting what was said to shareholders in an open AGM.

Bill also handed out a circular calling the Goldstone board liars. I can send you a copy of this if you want to see it. Bill was vocal throughout and questioned everything said. He also said there has been an offer for the company at 1.6pma share and was shouted down as apparently he was disclosing confidential information. Both Bill and the board were threatening legal action against each other at various stages of the meeting.

I’m surprised other people who were there haven’t posted.

I’m not saying how I got the information, but it is absolutely the case.

This is from someone who was there.

Bill started throwing around allegations before the meeting started. He was sat with Angela List, who was ousted as Chair last night and was in tears. Bill said the company is run on lies and he has figures from the mine to prove they are only doing 6-7oz a day. He was clearly very hostile. Said he has nothing to do with the company now and is just a shareholder. Said the company has no mineable reserves and is also breaking environmental laws in Ghana.

Emma said they won’t get to 1000oz until they build out more pads and it will take at least a year. She was very sheepish and almost hid away. She also admitted money was not really there to pay their liabilities but are in discussions with further companies re funding.

The feeling was that Bill has an agenda and a plan. Whatever that may be! Was a big turnout with directors and shareholders present. The person attending also said they felt it was a question of who was lying the least. Bill/Angela or Emma/Wilkes

Sounds great, doesn’t it!

Jack on point one: This is Goldstone Respirces we’re talking about here.

On point two: This is Goldstone Resources we’re talking about here.

I think one of the suggestions today should be a name change to one of the following:

‘Smoke & Mirrors Resources Ltd’

‘We Expect To..Resources Ltd’

‘Kicking The Can Down The Road Resources Ltd’

‘Keep The Mugs In The Dark Respurces Ltd’

‘Of Course We’re Not Telling You How Much Actual Gold We’ve Got Resources Ltd’

‘Were all doing Very Nicely Out Of This Thank You Resources Ltd’

With no spike in the share price today, they’ve either got more neutral future promise news, or they have been way better than usual at not leaking anything.

I’m away at the moment so can’t get to the AGM. Can anyone attending please post info as to how it all went.

Many thanks