Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
So that's another 2.5m dollars banked off the 2nd pour, all loans up to date and no financial concerns for now. Full steam ahead to sort the agglomeration issues and akrokeri exploration.. for me, 2022 is looking better allready and we haven't even finished january yet
Congratulations GRL on becoming a gold producer, the amount of exploration companies that finally become producers are few and far between so this is a fantastic achievement in an unprecedented era of working conditions with the pandemic causing numerous headaches for companies across the world. As Emma concluded the RNS, we can now focus on ramping up the production to bigger pours.
Congratulations everybody involved in GRL!
Gold pour by the end of the month is a massive moment, but Bringing Akrokeri into production for less than 2% dilution is a game changer. This mine has amazing grades of gold and we know that this management team specialises in bringing mines into production. When Akrokeri is up and running this will be nothing but a cash cow with two mines running! Yes it's a suprise as we were all expecting the next RNS to be Pour news but they've confirmed that is still on track for this month. If they can create an elution room in 6 weeks, we have to be confident in how quickly can they get akrokeri up and running for those amazing Grades
Short term dip for long term gains
I'd be more inclined to think next week or the week after but hey..if they can an elution plant in 6 weeks who knows what they can achieve!!
Either way, I'm looking forward to seeing some photos of fat gold bars stacked high this month!
Nice to see the photo on twitter of them working 24/7 to get this gold room in place to finalize the gold pour process. The gold loan repayment starting with 5kg of gold in October would certainly suggest they will get this room sorted In weeks not months like we originally thought! And long term having our own room instead of renting is of course another big move.
I'm a much happier holder today than Friday !
Definitely is Tom, I know of 3 others today who bought and all registered as sells. We've seen the entire market been pushed down in the last few days but what goes down will certainly come back up in August ;) And with Goldstone re-confirming today that the irrigation process was started ( now weeks ago) I truly believe we are are a matter of weeks away from this groundbreaking moment in the company's history!
Gold pour is coming and with it comes financial security for GRL :)
Jeeeez there's alot of doom and gloom on here this week ( although alot of it is obviously de-rampers as there's alot of new accounts with zero previous posts just saying everything's bad)
Yes we should have had gold by now I totally agree that these delays are a nuisance, however let's not forget this share has increased 100% this year, without even producing gold yet.. yes we're probably still 4 more weeks away but there's ore stacked and on the leach pads so it's not as if we haven't even started the process! look at what's coming.. only once you have to have the start up of the process it's all continuous gold pours from then on.. if you can wait 2-3 months you just KNOW this is going to be worth far more than the current share price. Patience will absolutely be rewarded here, with ore stacked allready and leach pads in place which we have physically seen from the company's Twitter. We are certainly not a million miles away , and let's be fair to Goldstone in the last 12 months everything they've said they're going to do, they HAVE done, albeit with delays each time. Better late than never, and let's not forget the experience that the people controlling this have, Mr Trew has successfully started production from scratch at plenty of mines in his career, and he's got an enormous stake in this Company. I have total faith in him, and Emma coming good with the plan..just maybe towards the end of July or early August
Hold for Gold! Keep the faith, patience will be rewarded :)
Hes an absolute clown of a bloke, really wish they could ban him because alot of people don't realise he just writes a load of false nonsense to bring the share price down.. all because another member of that board did the same to him on a different share and cost him alot of money.
He's on a revenge mission to damage any stocks that the other board member called "trader" is part of, by spouting false nonsense continuously
For anyone who hasn't seen today's updated Broker notes. What a fantastic read, some fantastic numbers in there.
$86m EBITDA
"Based on the initial Homase Mine production profile, we estimate post-tax NPV of £139m
(90% attributable interest) equivalent to 24.4p per share, assuming full dilution of warrants
at a 10% discount rate. "
https://goldstoneresources.com/documents/media/SPAngel-Goldstone-Note.pdf…
This is just the beginning of a huge year! We still have an updated DEP, JORC, new mining exploration in other areas of the resource, akrokeri mine hasn't even been looked at yet! All those could keep producing new results that make yesterdays news look average!
This is 100% not one you want to be regretting selling too early IMO, H2 could be a Stormer
If the first ore was stacked on leach pads on 6 May, could one of the more knowledgeable mining experts on here fancy predicting a rough date of announcement of first completed gold pour? Are we looking at the end of may or more likely June?
Thanks,
John