Member Info for GoldGeezer

No sellers. It’s all brokers

Any reason to send that link?

Investment here isn’t really for the Homase production. They’ll get 12,000 ounces in 2025 and can double if they dig deeper for the 2.5 g/t grades, however, the Akrokeri Mine is the biggy. 12km from 7M tonnes at Obausi and with historical grades of 25 g/t. If Homase can fund the development to production of Akrokeri the rewards will be huge. Could be 500M MCAP

Ah, understood.

I believe the historical issues and solutions have been clearly given by Emma. Production is significantly up this year from last year on an apples for apples basis - shifts and pads. By year end it should be almost double.

With pads 5,6 and 7 completed and a double shift the numbers are very simple. The market is very slow but appears to be waking up.

Bowls Jack? Please explain.

Do you mean you on your first day as a member?

This fund, which he’s an executive of, has always been a major investor. He is off the board & management of Goldstone. Nowt to be concerned about. He’s clearly confident, despite having no control.

This is not new

I agree. Not only was the last message confirmation they are on track, they also promised another update this year. I assume it will include an updated monthly rise in production - say 300-500 ounces, plus another confirmation that 1000 remains in track for January 2025. I see 2p before Xmas and 4-5p when they confirm the target is achieved. A very merry Xmas here!!!!

Agreed. Production at the end of Q3 2024 is 40% up on 2023 full year. 2025 forecast to grow 600%, with very little technical or logical risks. This could easily be between 5p and 10p within 12 months.

That 100,000 yesterday was a purchase

I did a similar calculation (didn’t use 4.5 months as the total they’ll have on record would be a few -several weeks ago) and deduced lower monthly production. However, none of the new pads or the double shifts are utilised at this point. You can multiple the pads by 4 & shifts by 2 for the January estimates. Also the wet season will be lower. Based on their pad preparation, piling, recruitment and general operations, the maths isn’t hard. They are sticking with their guidance from many months ago, which is now 7 weeks away.

The disappointment two years ago is well documented and also the change in operations to rectify. Do you have any friends that could read to you?

I believe there’s a seller. It’s stuck.

Based on their targets the price is crazy. If they are not disclosing bad news the price should rocket shortly. If they are they need to be charged.

Old news but very true

It’s odd to drop below the price that major holders, institutions and lenders brought and converted at.

Until news, I see no reason to be concerned. An opportunity.

Fund raises are always ahead of good news. The coast is clear now. Not long.

Are you being sarcastic?

I speculate that they can release a production update now. They’d not want to prior to today’s news as a positive update would raise the price, hence the conversion would appear to be discounted.