Member Info for Glib

This share is actually confusing to me. They seem to have a good product, but no news of sales (or any news from the company of late). The only news item has been the boat test which is way overdue and no updates, we've just learned that the company losses are increased from last year - and then the SP goes up? I was on the verge of selling, but wanted to look at the fundamentals. Can't see anything positive in there for a company with a finished product. They may be improving on the system and adding extras from the sound of the Chinese marine tests, but none of that has translated into actual sales or profits. Main grievance is lack of information from company - they are basically acting like a private company with no information getting out other than when the results get published. If they don't start moving actual product soon and relying on in-house loans, I'll be jumping ship. GLA

Perfect name for someone holding these 2 companies. I bought and sold Stratex a few months ago (Oct/Nov), but recently bought back into them (nice change of pace from the Afren fiasco). Never sold my Goldstone shares, but that's more to do with the price. There was a 10 for 1 consolidation when Stratex bought their stake for 6p. If they were prepared to pay over the odds with the option of purchasing a greater stake in the company, then I wasn't going to argue. Pity they've continued to fall. Not alot seems to have been done since then however. While they've identified more resources and have a direction for Goldstone to go in, there is a lack of anything tangible as yet. The only good part about it is that Stratex seem to be quite good at keeping shareholders in the loop. I'm waiting to hear the results from both companies before making any decisions, but if Goldstone hit paydirt, this should also carry over to Stratex. I also believe the only reason Goldstone have any cash right now is because they did the share subscription when Stratex joined. I agree that you shouldn't be paying over the ask, but look at that spread too - I think it is because this share is not traded enough that they are quoting like that. They may have a finite holding of the shares so you may need to purchase in 2 or 3 lots to reduce the total cost of a purchase. Welcome to the other side.

To be fair though, there hasn't really been anything bought for about 2 weeks. A little price movement is to be expected. I'm quite glad it's gone down - was beginning to wonder if my browser had frozen !!! Personally, I'm going to wait to see what they say in the annual report regarding the cash injection and assistance from Stratex. If they are actually doing something constructive and have a plan, that would be the time to let us know. Otherwise it's all just dust in the wind.

Good to see the news flow from the company is consistent. Glasgow University seem to be doing some exciting things http://www.bbc.co.uk/news/uk-scotland-29168381 Hopefully they'll be able to progress their research on long term solid state storage as well as the new photosynthesis bacteria that's recently been mentioned in the press. I'd love to hear what PPS are doing in Asia though. Japan seems set on a hydrogen society and even has fuel cells in homes http://www.bloomberg.com/news/articles/2014-12-09/japan-promotes-home-fuel-cell-on-path-to-hydrogen-society They already have Hydrogen filling stations open for public use. Not sure if they are moving too fast but it looks like there are plenty of technology advances that may enable them to achieve their aims.

I would have hoped to hear some news from the company to usher in the new year now that Stratex is at the helm. Are they doing anything with the surface oxide resources? Is a processing plant on the cards in conjunction with other companies? Are they going to focus their efforts or are they still split over 3 countries? The good news is that (imo) gold is going to find a bottom about 1220 - I can't see it going below this again in 2015. Things are going to get interesting - no doubt about that as interest rates will rise at some point this year. I'm not sure how much of the American economic recovery is dependent on shale oil (and if the companies are making a loss at the current prices) but unless the companies start defaulting on bank loans in a big way, Oil will stabilise around $55 and slowly increase before another spike in a couple of years time. Banks are not too big to fail - they know that there will be no second bailout, so should have factored enough risk into the loans to allow the fracking companies plenty of rope. China is also trying to stabilise as they are aware that with more people getting older, they will not have the income or desire to purchase as many new items produced by industry. They are getting ready for an industrial slowdown which will mean they will also not require as much fuel. They are looking at a long term strategy and i'm actually impressed by their honest foresight. No, I’ve not posted this in the wrong section, even though most of this looks like a post about oil production. Chinese growth has slowed and is no longer as scary as it used to be; the strong American dollar is going to lose a little muscle once the interest rates rise - even if it is only a token amount and while the price of oil is not as high as the producers (except those in Saudi Arabia) would like, it will lower the cost for transport and services which will help ease any pain felt by the rate rise for the rest of the economy. Basically, things were rebalancing. The price of gold rose considerably after the 2008 crash when people invested in it while the various governments and economies got their act together. Now that they have stabilised (mostly), investors have been taking their capital back out of gold, hence the price drop and a fairly flat 2014. I believe the true value has been found and even if there are another few months of uncertainty, the price will gradually rise in the latter part of the year. Like I said, this is just my opinion. The gold price is settling and as conditions move in the market’s favour, will slowly increase (with or without oil). I think this puts Goldstone on a slightly firmer footing and hopefully the end of year results will also give us a boost. Well done if you got this far. It wasn't like anything else was getting posted here anyway :o)

I was surprised when searching Google news that Proton Power got a mention. We haven't heard anything newsworthy for a while so i was interested to hear what an article mentioning them may say. "Proton Power Systems is developing fuel cells for forklift trucks and buses. The Company had 2013 revenues of $1.7 million on losses of $7.6 million." That was it. An article where PPS gets mentioned and this is all they have to say about them. I've said before that their site needs updating. I wonder how other companies view them if this is all the information that is getting out (from their own site).

Perhaps not. Christopher Hall and Bob Foster have been appointed to the GoldStone board. Emma Priestley was appointmented as a Non-Executive Director, but will resign from Goldstone to become an Executive Director at Stratex. It may not work out, but it looks like Stratex will be keeping a firm grip on Goldstone with 3 people giving input at management level. This should hopefully ensure that Goldstone remain focussed and are not overstretched.

I'm not sure about that Gaz. It looks like stratex have 33.45%, Unity have 29.5% and the directors 31.76%. This would leave leave 5.29% (3,295,045) for us to chase. Not sure if Unity have been diluted down to 18% or if that was one individual. If they are wanting to keep hold of so much of it, they must have faith in it. They said there would be more information before the mining conference in December, so hopefully some good news to follow.

Is there anybody there... Is there any news out there... Just wondered if I anyone knows if Japan is being looked at by PPS as well as China? With the 2020 Olympics in Tokyo, emissions will need to be reduced and the governor mentioned "the advent of a hydrogen society". Most of their hydrogen comes from fossil fuels, but research is growing to reduce costs for green hydrogen. China is becoming stricter on its regulations for emissions and fuel economy. Vehicles that do not meet the standards will be banned from being produced in China, possibly in 2015. I believe that any vehicles that do not meet the standards will also be banned from sale. (34 miles per gallon and in 2020, 47 miles per gallon). I'm not sure if this is just going to price people out of affording their own transport. I know only about 6.5% of the shares are not held by directors, but a little more news would be appreciated. Even if it's just on where the company is right now and what their aims are for the future. The last news we had was about another trial - in Austria (lasting 30 months), even though the maritime trial has ended and we have no idea how that went (or if the several hundred units were ordered). I feel like i'm posting too much here, but I guess people can't really comment when they have no information. GLA

Looks like i skipped a sentence <blush>

I'm going to take a wild guess that the SP hasn't gone up 900% and that the 1 for 10 consolidation has gone through; even though it wasn't mentioned in yesterday's news.

In theory, the price of gold will go up a when 'real' interest rates (nominal rate minus inflation) is close to zero or negative. Quantitative easing has ended in the US and the Fed say interest rates won't rise until mid 2015. While some may see the prospective interest rate rise as a negative, i believe it will have very little impact as any rises will be very slight for the foreseeable future - no sense rocking the boat when you aren't sure if it's seaworthy. Until the interest rate is 2% or 3% plus there should still be interest in gold. Inflation will probably increase even when the rates go up. QE has ended, but the by-product of this is a large increase in the money supply (reserves) held by commercial banks. Inflation is currently low because that money did not end up with the public, but if it gets used to lend to businesses and households - this could lead to higher inflation. Gold is often seen as a hedge against inflation and with interest rates likely to remain low, more people may see this as the time to take advantage of the low price. Just my opinion though.

I must admit, I don't see what the strategy is here at all. Stratex are buying about 33% of the shares, there's going to be a 1 for 10 consolidation (3p share woohoo) Stratex will be appointing some of its own people to the board and have options that give 50.1% of voting share. Have you seen the price of stratex in the last year? Is goldstone supposed to save them, are they doing a takeover/merger by the back door or is something else going on behind the scenes?

When I first read about this company and its products, I was quite taken with them. Over 90% of the shares being held by one person wasn't one of the first things I noticed, but for a long term investment is not the end of the world. I have noticed in the press it is more about them chasing leads and not much in the way of them actually closing deals. Not too surprising considering their own site's 'market potential' section has not been updated since 2007 and mentions only buses and forklift trucks. Enticing new customers? Might be an area to look at if they want to actually generate sales. It doesn't matter if you have the best product (as Betamax found out); consumers need to be catered to. Is the site actually selling the products information wise, or just displaying facts?

And they have just paid the consultancy company (for China) about £15k in shares. Does this mean they have someone to work with? That they aren't going ahead? I don't know how long it would take to broker a deal if the maritime trials were a success, but they would at least have done a press release stating it was a success wouldn't they? (shouldn't they?) So good to be able to make an informed decision!