Member Info for jdt1990

More fool you listening to that chancer with his inverted doji upside down 200 day EWMA candle charts. JPM control the gold price....simple as that, no charts will predict where it goes.

The “it could be over” comments are comical. LND have work to be do, that’s given but at the end of the day they have an independently verified 1.5m oz gold deposit. At 23m mcap that values in the ground gold at $19 per oz. excluding battery metals and any potential increase in the gold resource (which is funded to drill).
Last time I looked, gold doesn’t just vanish overnight. So with a project in a safe jurisdiction, low capex, low AISC - it’s not exactly unattractive, especially with potential upside for more gold and battery metals.
Hardly think it’s over….gold slump, warrant overhang and having to wait a couple of months for SR will cause a bit of short term pain.

What today's RNS did for the flighty and probably over leveraged ones on AIM (of which there are many), is give a definitive date for the next stage of the sale process. That was Sept, for may who know the end goal here and what the assets are worth its a few months.....but on AIM to say you're going to have to wait more than a week for your potential multi bagger will always send the odd rainbow chaser off to the the next crypto coin or cowboy run company to compound the losses they are already sat on.
There's a reason 95% of retail traders lose money, mindlessly running around chasing after instant returns.

I'm with you on this one samval. I think focusing capital on having one asset proved up sufficiently (BAM gold) to make a viable value proposition for a suitor is the right thing to do. That way, there is a baseline valuation that is significantly de-risked for a buyer. The other assets will be a bit of a carrot to dangle in front of them for potential significant upside on their purchase.
Get the equivalent of$100-150/oz in the ground for the gold and we're looking at 5x current mcap

I agree it’s a sign of confidence from Bill Trew but the continuing dilution is frustrating.
I’m hoping they have something good from Akrokeri drilling to stem the slide here as although producing, it does seem to be set back after set back.
Understood the diesel situation is not in their control or really the armed robbery but cutting production by 30% this year and AISC flying up, market doesn’t like it.
Recovery rates haven’t made the upward move Id have liked either. I’ve put this to Emma to address as their comms is still dire.
Also put forward the question on whether they were insured for the gold loss

Ok yes agreed maybe the full asset wouldn’t command the $200 mark. So let’s take your $80/oz figure….that’s still 4x current mcap for gold alone. Doesn’t take into account:
1. Any of the battery metals assets
2. The drilling planned which could increase that resource further, the longer this supposed sale continues, the larger the deposit likely gets.
3. The warrants that (hopefully) are exercised to find all this.
So I still scratch my head at the current mcap even in a period where junior miners are getting hammered left right and centre.

I’ll also be watching these 20p warrants closely expiring 14th July. If they are exercised at this price - that’s a good indication sprott and co see some near term uplift here.

It’s just takes some simple maths here to understand how undervalued LND is. £23m mcap values 1.5m oz of gold in the ground at £15/oz.
Given the safe jurisdiction and AISC this is ludicrous! Not to mention further resource growth potential from planned drilling/sampling.
$100-200 is the going rate even in these conditions.
So the gold alone EXCLUDING any of the other resource LND own is worth 5-8x current mcap.
If nobody snaps it up, LND think the gold resource will only grow and someone will have to pay more later.
Happy to wait this one out!

These clowns just hit issue after issue…..with excuse after excuse. Production target down a third to 14k from 20k for 2022. Still 25m or so in revenue but we don’t know what it’s costing them to produce now. Last update was close to $1000/oz

“ However, our ability to deliver on our production target of 20,000oz of gold in 2022 has been impacted, inter alia, by diesel availability (which is impacting us and indeed Ghana as a whole), and an incident of theft (as reported in our announcement of 29 June 2022). The fuel issue is a changing and fast-moving situation, and we are working hard to secure a reliable source of fuel, however our current expectation for production in 2022 has been revised to 14,000 oz, rising to 20,000oz in 2023.”

I also hope re Akrokeri saying diamond drill is pending, that this is on top of the drilling commencing They RNS’d and have seen something worth investigating further.

It’s just a bit of a shambles here given the assets they have!

Don’t think anyone could have predicted that. FFS there’s always something with GRL! Probably will hit the SP harder than it should given current market sentiment.
$350k is about 195oz - which, if they are still on track for 20,000 oz in 2022 is only about 1% of annual production.
Think they need to get that message out pretty sharpish here to confirm how much the annual production number is going to be.
Surely you have insurance for this type of situation too?

Calamari. Cash costs 22 and 38 respectively. V price averaging in the mid 40s. That’s all profit and a good margin at that…so you can stop moaning about that one.
Vanchem products also sold at a premium to that price.
Cash drop is not due to an unprofitable business it’s due to Kiln 3 CAPEX which will be mostly spent now and the Duferco loan pay off.
A months lag between BMN sale and realised price sold so April will have taken best advantage of March prices.
Any shutdowns have a stockpile ready to plug the gap.
Floods - not much BMN can do on that and are actively looking to rectify.
It was a good update you clearly just don’t understand the business model here so yes, price action disappointing but if you don’t like it, you know where to go!

Haha there's always got to be one hasn't there. Alamo - GRL are profitable at anywhere over $1000/oz gold.
Even if the war ends tomorrow, it won't be back down at those levels numpty. It's been sat steadily around $1800 for 2022 on inflation fears which will only get worse.
20,000 oz this year even at $1500 gold so $500/oz profit is $10m EBITDA.....Mcap of £37m
Brakes should come off now the fears of agglomeration issues have gone and recovery rate is heading up to where it should be.

Got to try harder when pulling this deramp nonsense

Well that’s been a long old slog but we got there in the end! All of us that have watched gold rush (haha) know it never always goes to plan.
The comms have never been great here but I’m glad for all involved that this period of silence was followed up with what can only be called a brilliant RNS.
They’ve been busy behind the scenes.
Sirspread can shut up now.
DJryan will no doubt come crawling back.
Onwards and upwards to 20,000oz for 2022 at around $1000\oz profit.
Ladies and gents, that’s $20m, so Goldstone will be debt free in no time and funded through FCF for Akrokeri exploration!

Quite impressive you bought into a share sirspread you constantly expect doom and gloom updates from. What a joker. You didn’t buy in did you really…

I mean now the solar BS is gone and SF has taken his hedge…this is a binary play of does the project come off or not.
I’m 85% down here but funnily enough makes the decision easy to just wait out and hope it does come to fruition.
$20m in back costs at a minimum which is 5x current mcap. Cop26 put the shi*ters up here with worry over coal.
Truth is, Africa needs it, it can be done “cleaner” and China will likely back historical commitments. Worth a punt.

Haha “the Earl” has seen it on the risers board and wonders if there’s a buck to be made. How about finding this stuff out for yourself rather than asking a bb!?
Either way, at 3m mcap, if this project goes ahead there is $21m of agreed historical costs due

146k shares at average 9.1p
Buys ranging from 5.5p to 11p over last 2 years

Didn’t get rid of the idiots though did it as you’re still here.
It quiet because there isn’t anything to say until the Co update us on various fronts, simple as.

Hoping this rally in gold prices times nicely for GRL and the setbacks can be put behind the company.
Latest pad should now have been stacked
Hopefully agglomeration issues addressed
Updated DEP overdue
Hopefully operational update / some forward looking guidance.
Just need Emma to sort out the comms here and restore a bit of faith

That’s definitely one benefit to having Goldstone in the portfolio in that they are producing - not without its setbacks of course - however, the BOD are heavily invested so their interests are aligned to ours as shareholders and they stand to lose just as much if they don’t sort this out. It also reduces the risk significantly of endless dilution from “keep the lights on” placings. They have to fix these issues properly but on a sensible budget

Agreed Hector. That CODE holding is currently worth £1.2m itself vs a £6m mkt cap.
Clearly after the SGS saga Vela has become a little unloved and probably suffered from having so many shares in issue.
However, JN has form with AAA, SGS is far from dead and there have been some decent investments made.
Comms are carp but that’s nothing new on AIM!
Feel there’s plenty to be optimistic about here…
Remember it’s essential a Venture Capital firm so the compounding of what may seem small profits here and there can soon grow the value of the business. It’s one for a bit of a patient hold IMO