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Lenigas has just tweeted..........

London BTC Company is now running more than 3.5 megawatts of electricity to power its ever growing #Bitcoin mining fleet in North America.

https://x.com/DavidLenigas/status/1956034642068353119

Interesting post on ADV$N

yasXII

14 Aug '25 - 06:28 - 12018 of 12018

Unusual for one of the major shareholders to post on a bulletin board (LSE) Suggests C Suite change is essential, recommends a Ghanaian CEO.

Question here is why did the current executive team decide not to inform the market of a takeover offer in April, alleged to be priced at 1.6p.

One assumes the potential acquiree would have intimate detail of the mine/production capability, will they come back with a new offer ?

Looks like this is more about a conflict between large investor groups than near term production shortfalls, this could be remedied with new mine management.

Maybe the fall in the share price is overdone, the Gracious Fellow has taken a position.

I would not rule out the possibility of a shorting exercise since the time of the takeover approach rejection in April. On the other site there has been a stream of malicious commentaries from April which clearly were designed to unsettle weak holders and destroy sentiment, during this period (to current) persistent selling of reasonably large tranches of stock have hit the market, the stock has fallen from 1.2p in April to the current .30p. As others point out there have been no holding position changes.

One thing, if the aforementioned scenario is true, it is likely the stock has been borrowed, there are 2 ways to close these shorts, either via an equity raise (currently not possible due to the AGM motion) or they have to buy the stock back in the market.

I pointed out some days ago, on many occasions, where sentiment is rock bottom a stock can multi-bag unexpectedly for no obvious reason, usually it is due to short closing. Time will tell on this aspect.

You can never rule anything out on the AIM casino !!

Something seems to be brewing here after a long period of share price range trading and silence from the company. News is well overdue on a number of fronts, remember the share price surged to .65p back in April. It can happen again !

Re Goldbug2

Still no clarity on what BT/Paracale intentions are despite numerous requests, strange indeed. Unless the ultimate intention is made clear how can outside shareholders support any move against management from the BT camp?

The fact that the company turned down a takeover approach in April when the share price was circa 1.2p suggests someone sees value way beyond the current £3m m/cap.

Is the plan to drive the SP down, get EP out and then come back with a low ball offer, time will tell, IMO Goldstone is anything but a basket case, there are far far worse situations in this sector.

Will be interesting to see how this plays out.

There is no doubt in my mind that Goldbug2 is Bill Trew, he changed his Linkedin header as requested and one of his early posts on this site was concerning Oxus Gold where he was formally CEO.

Being one of the largest shareholders in Goldstone the question remains what is his intention moving forward? This is a key and most relevant issue.

The combined stake of Paracale (Trew) and Nguvu Holdings Ltd (List) is 19.5%, a material number but not large enough to outbid AIMs 26.3%. He needs to make his intentions clear to gain the trust and most importantly retail shareholder support, assuming he is not just trying to take the company down.

As far as I can understand, even at the AGM BT/Paracale did not expand on their intentions, this is surely very relevant.

Also one wonders why a company named Paracale Gold was incorporated at Companies House on 29th November 2024 (BT a director) and then voluntary struck-off on 1st July this year? Was this a vehicle to inject a company into and that attempt failed ? More questions.

Here is the link, the incorporation PDF gives a full list of shareholders

https://find-and-update.company-information.service.gov.uk/company/16109024/filing-history

Maybe Bill would like to elaborate further.

Goldbug2

It is not entirely clear what your agenda is or who you represent, you use the word 'we' in an earlier post, you talk along the lines that the lost shareholder value cannot be recovered, that is clearly not the case as implied in my last post.

For balance I am sure readers would be interested in your plan concerning the way ahead at Goldstone, what is pretty clear is the major shareholders can easily instigate change moving forward.

You are under no obligation to say who you represent, however, for balance it would be prudent to do so, if nothing else it would make your agenda more open and transparent.

Surely EP's position is untenable, this reminds me very much what was happening at Metals Exploration some years ago, they had a very poor local operations team & CEO, poor gold production levels, plant failures etc, share price on it's knees at .45p, the two major shareholders, ironically owing circa 45% (similar to GRL) brought in a new CEO/Operations Manager.

The turnaround following the change was dramatic and immediate, the company share price moved from .45p to 13p in a few years, all debt paid back and now throwing off cash.

The above could so easily happen at Goldstone, the market has lost confidence in management, a new team is clearly needed, the major shareholders have the ability and financial clout to instigate change, hopefully that will occur sooner than later.

So they admit to receiving an offer for the company in April when the shares were trading around 1.2p yet never informed the market, now the shares are .35p, one would suggest the potential acquirer would not have lost interest in such a short space of time.

One strongly suspects management change could potentially transform this company, basically get someone onsite that knows what they are doing !

This could get interesting, List and Trew hold 19.5% of the company and AIMS hold 26.3%, the question is are these entities in unison or not.

Management confirmed it received an offer for the company in April, why was this not RNS'ed?

Gold production, even at 213oz in July, would bring in circa $700,000, where are the upcoming and implied higher grades?

Question is could a new outfit (via takeover) deliver increased production and improve the situation of poor sentiment, one thing, the 3 largest shareholders have nearly half the issued capital so they have a significant financial interest.

Emma Priestley's position looks in threat.

I would suggest the post from Corrumpo is bordering on market abuse, clearly it is not true, purely designed to try to destroy sentiment. As I have suggested only trade on official RNS updates.

It is probably worth stating the obvious tonight post the AGM, to trade on 'commentaries' placed by anonymous labels on bulletin boards is not wise, best wait for an official RNS's which will be be approved by the Nomad.

How many times on AIM do you see a swathe of negativity, folks sell, only for the respective share price multi-bag some time after.

A news update cannot be far off.

Followers of the company will know where to look, it has been mentioned in a number of Annual Reports + CLN holders will be settled from the proceeds of the sale, the eventual sale is expected to clear EME's debts + leave a significant surplus.

Clearly certain entities are trying to get the stock lower for the benefit of financial gain, one thing to remember, when EME equity moves the moves are often dynamic and catch many out !

Worth noting that bashers were at work ahead of the last dramatic rise and at the time when clients of Nortrust were accumulating heavily, ignore them.

Fact is the Mako stake is worth many multiples of the current m/cap and EME has already stated their aim will be to sell it as soon as practical, the likely buyer will, almost certainly be Conrad.

Still think this is being shorted by an outfit that seemingly has a grudge against any Bixby company and is well known for shorting minnows, namely SP, if so at some point they have to close their positions, the clue is the weight of sells that appear if there is any bounce in the share price and the general pattern of sell trades.

Investors at another Bixby outfit (TIR) are also complaining over lack of news BTW so it is not just a CYK situation.

Technically the stock is materially oversold (RSI moving from 84 to the current 36 in a month) bear in mind moves on AIM can be dynamic in these illiquid plays.

No online buy quotes available currently, suggests there is underlying demand !

I see the bashers (of course they have no financial interest and only post on here 24/7 to 'protect' potential buyers) are now creating scare stories because the results are in mid August as opposed to the suggested July, well big deal indeed.

The bashing brigade conveniently miss the fact that the company has already given the Trading Update which told all the numbers back in late May and these were well received at the time.

The shares are a thin market, move fast on any modest uptick in volume, remember the broker continues to re-iterate a target price of 10p a share, at some point that will be reached make no mistake !

Larger trades continue to appear on AQSE, volume is building in anticipation of further news + FOMO comes into the equation given the shares surged to .77p recently.

Interesting RNS today, the mention of 'UK’s green power ambitions' suggests that Gov grant finance may be secured, also remember that Parys Mountain is on the Critical Minerals list, again this could attract non dilutive finance.

Many juniors have doubled/trebled over recent months, most were under radar and hopelessly miss priced, could AYM be next ?

Brewer tweeted yesterday that his vehicle GMI were 'committed' to funding Shuka, the tweet link is below

https://x.com/JB_MiningAfrica/status/1950137566235164753

Also worth remembering that both Brewer and Quinton v B put £1.5m in at 5p a share.