Member Info for Kennyp52

jm-k .. unconventional but welcome to see an fd on the boards.

the sa deal is circa $146m .. and we keep tjate .. what value is retained .. who knows .. it is going to be a hugely expensive project to bring that into economic viability .. but we retain it .

at the current mcap this values the 3 sites in zambia at nil value .. ridiculous .

jlp need to get this deal done then concentrate on production and margins imho . all the market really wants to see is profit , cash and increasing nav . with some good old fashioned financial discipline jlp , hitting guidance then jlp can start to achieve this.

share buybacks & dividends . far too premature to talk about dividends as cash is king . maybe if some shareholders want to jump ship then buybacks can get shot of them and lth’s get a bigger slice of the cake . we should only be using excess cash for this purpose imho and this is partially reliant on copper cashflow and profit generation - still to be proven and i look forward to seeing some financials showing us the copper revenue and margins - we just don’t know in this transitional period exactly what copper is going to make for us.

comms … moving forward imho these need to be far more concise and centred on project progress and financials . i hope leon has learned his lesson and in future we set targets which we invariably achieve. it is this over optimism imho that has caused the sp to hit the floor . set realistic targets , give yourself some **** up room and make sure you hit them . then confidence comes back and hopefully we see the mcap reflecting the real nav .

my view is the share will re-rate significantly when the deal goes through and the copper revenues are reported and in line with guidance. beyond that it will be a case of increasing the production / revenue / profit and we could well see the $1m mcap leon has aspired to for many years.

good luck everyone

Why !

What is Emma Priestley still there ?

Bloody hell .. why doesn’t LSE allow editing … writing not wetting ! Predicative text !

2024 accounts note 29 has these assets in at $216,922,207 . Tjate is retained circa $40m . Anyone disagree ? Are the comlany going to wetting off circa $87m of NAV .. and only receive the projected profits over the 3 years the purchaser is being given to pay ? It makes zero sense so the sooner we see the full details of this sale to confirm it is not a giveaway the better . Talk about destroying your own share price !

Leon’s credibility 100% relies on copper production figures now .. it is as simple as that. He has had a fortune in shareholder funds to set it up and has not to date delivered the production. If he wants to justify selling the solid profitability of the SA operations then we need to see the copper production is increasing towards his past guidance AND is hugely profitable .

He is being consistent HarChris .. as are you . He is consistently correct and stating facts .. you consistently post on failed guidance / lies from the company . No 1,000 ounce per month on the next pour then we will have clearer confirmation . Trader465’s calculations are all based on what the company has given the market . It intimates gold is somewhere .. just not being sold. Audit qualifications around GIP . Easiest way out for the board is take this private using AIMSL . I hope this is wrong but this is AIM .

Harchris .. if , if .if .. your rose tinted glasses don’t take into account the overheads ! What are the increased overheads ? They have $4m loss to cover before they even get into profit and have increased costs. If we have any kind of success these directors will leach higher salaries out of the company … Priestley got a package totalling over $300k for abject failure and taking the company into a de-listing in 2024 … what they going to award themselves if they get to your figures ?

The gold loan - if they are to repay then every single ounce off the loan balance will be reflected in turnover but zero cash generation - there is circa $7m+ of your turnover down the river.

You really are proving yourself to be clueless I’m afraid .

Good luck though .. you are clearly is a big hole . I wrote my investment off 2 years ago and anything I realise now is profit for me. Maybe you should have done the same.

Harchris … a few posts compared to your hundreds and I am repeating !

Anyway it’s gone far beyond exasperation … the gold loan is now costing $3,350 TROY ounces and needs to be paid ASAP and based purely on guidance from the CEO should be clear by now. Ask yourself why not … their stake in the company is being increased all the time .. I don’t think because they want to support the SP .. I am more concerned they are going to pick this off . Google Angela List .. you want to trust this person to make YOU money ? The whole board need removing ASAP to clear the cesspit imho . That cannot happen easily if AIMSL have more that 25% - which they have .

The audit report - GIP - they reported they cannot verify it . Just like the 5,553 ounces locked in the pads a few years ago .

I do want this to succeed please don’t get me wrong .. but $4m of losses to cover with increased shift costs plus paying off 400 ounces of gold loan per month … this is in dire straights and I for one am sick of the lies / incompetence to listen to guys like you saying it’s all good .. the jam is coming through .

Predictive text! You get the gist !

What is central to the gold pour is they guided prior to the New Year 1,000 uncles per month with all the knowledge of the expected grades , putting on double shifts etc. etc. The2 month lag to gold pour coincides with that guidance in January. The CEO told us they were stacking at a rate of 48,000 tonnes per month. Come on guys .. stop making excuses and face the reality that Priestley had been misguiding the market for years. I remember when guidance was 28k Oz - Troy that is - with just 1 pit and less plant- let you think on that . There is compelling evidence of being consistently misled and until they get a pour of 1,000 ounces I would not trust a word that comes from the board. Gold loan shoots have been paid by now … instead we have 14% internet being added at the market price of gold NOW .. giving AIMSL shares for nowt.

Har Chris .. you claim to know everything on GRL .. tell me please what 48,000 tonnes @ 1g/t is in ounces please . I’ll do it for you .. it’s 48 KG .. in Troy ounces that is 1,543 per month. I refer you to page 2 of the accounts .. I am not saying it .. the CEO is . Adjusting for recovery from the dore .. we don’t know if the CEO refers to 1 - 1.2g per t as dore or pure gold .. then let’s use the company recovery figure of 79% = 1,218 Troy ounces - these figures are bloom end of her guidance . Do you see the issue you obnoxious twit ? Either the CEO is telling lies on the 48,000 tonnes being processed since the New Year ; or she is telling lies about the grades ; she could be very poor at maths .. or more likely there is something seriously amiss with the gold being sold versus guidance on the mining operations. It’s smacking you on the forehead and you still ramp this company !

That someone is legitimately asking the questions to be attacked by you questions your opinions and comments more than theirs imho .

How many TROY ounces are needed per month to clear the loan by the due date ? Gold you have to hand over with zero revenue ? Just a thought .. or is that another fact the rose tinted glasses crowd want to push to the back of the mind ? Face it guys you are totally dependent on a board that has never delivered guidance.

Happy for you to dispute any figure or comment posted .. over to you . I am a furious shareholders not a deramper

Tell the board how many Troy ounce equivalents the company has produced … don’t just post a comment without facts . GRL have been hoodwinking the market with guidance in ounces of gold dore .. yet many on here talk in terms of a gold price based on Troy ounces pure gold. You have to apply 79% to any production GRL give you . Dear me !

Swamp not swap … current liabilities “swamp” your current assets which include an inventory the auditors have reported they cannot confirm it has any value ! Only 1.6m …

The auditor’s qualified opinion appears on page 22 of the 2024 full-year accounts PDF (Goldstone Resources Ltd), under the section titled “Basis for Qualified Opinion”.

Here’s what the auditors said (summary):

“We were unable to obtain sufficient appropriate audit evidence in respect of the existence and valuation of gold in process inventory (GIP), stated as $1,635,000 (2023: $2,464,000), due to the lack of reliable information relating to quantities and recoverability.”

They also noted:

“We were unable to satisfy ourselves by alternative audit procedures.”

Translation:

They could not confirm that the reported gold-in-process (GIP) inventory was real or recoverable.

The GIP value includes 810 oz of gold (at $2,000/oz valuation) that may not be physically extractable.

It’s not long ago they released in an RNS they had 5,553 ounces stuck in the leach pads … where did this go ?

The company is technically bankrupt . When you current liabilities swap your current assets and you have no cash then you are in dire trouble. 4 million losses are not going to be covered by an increased gold price at 370 ounces per month ! This is gold concentrate not pure gold - recovery looks like it is circa 79%. Yes if production increases to 1,000 per month ( 790 Troy ounce gold equivalent ) then it might stabilise the business but when you have guided 1,000 from January 2025 and come in at 370 then it is difficult to believe anything the company says. Just as a point of interest .. do posters on here even understand that a bog proportion of directors salaries have been capitalised sp they do not appear in the P&L ? No ? Didn’t think so .

The market reaction is not exactly spectacular… guys on here boasting guys of 0.699p .. I can test buy at 0.674 .. sorry 0.669p .

Red flags all over this but good luck to holders as this is what you will need with this board of directors

It’s basically bankrupt .. net current liabilities are substantial with less than $100k cash in hand and an unverified inventory . The production needed to be the 1,000 Emma Priestley told the market from January . This is a very sick dog imho that is going to find it very difficult to lift its head . I cannot see the market reacting well but the SP is on the floor anyway so can’t go much lower other than a complete wipeout. Fingers crossed for holders in the morning

People need to know what they are invested in before they make comments like ..

AIMs have increased their position and data and facts are due Monday. that's all I need to know.

AIMSL have not bought shares .. they ave converted the 14% interest on their loan to acquire another chunk of the company for nowt so they can take it private when they find all of those resources including the 5,553 ounces stuck in the leach pads!

I now wander if we have another audit situation .. last one lead to a delisting . Breathtaking incompetence