Member Info for loyaltrader

1.4p paid and going next

Feels like it’s itching to breakout to 2p with potential 10p once funding comes through with bitcoin investors coming in September

June figures are terrible, thats why average for the 6 months mentioned today dropped dramatically to 370 oz from the 598 oz in march

Let the dust settle and the market will dictate this month, your happy now buying at 0.68p but not in the coming weeks imo

If the funding is already in place for the 1000 oz a month, why hasn't it been achieved?

Harchris that sounds ridiculous. Its at 370 oz

They were supposed to hit 1000 oz in January, now look at it averaged 370 oz to june, it might even drop lower like last year. Can’t believe a word until funding is secured to increase production. Wait till next week let the dust settle imo

They cant cross 30% holding, so will be diluted to keep them below

With dilution the nav will be down here, not to mention the obligation

In February 2025 the Group's subsidiary, Goldstone Akrokeri Limited, entered into a Reclamation Bond Guarantee in favour of the Ghanaian Environmental Protection Authority for the sum of US$721,027.20. This is a requirement of Ghanaian legislation and is in respect of the subsidiary company's obligations in relation to the reclamation of the mining lease land.

They need money to pay

So why the need to raise money if they have money? They are diving down in reducing production month on end. 370 oz from 598 oz, they will dilute this heavily at likely a big discount to get money to assist in increasing production

Yes they can, they will change nominal to 0.1p as a basic few minute exercise

The Group may, in due course, seek to raise additional capital to support increasing production rates and additional exploration activities to increase the Group's resource base, and to reduce creditors.

Bengot - its clear they are not making money at $3300 with production dipping heavily in April-June to just average 370 oz a month. For growth they need funding to clear creditors and expand production higher. They have no money from operations

They are not making money that some lost people think on here that GRL is cash positive, they need to raise funds to achieve expansion for production, its not self sufficient at $3300 gold price.

“The Group may, in due course, seek to raise additional capital to support increasing production rates and additional exploration activities to increase the Group's resource base, and to reduce creditors.”

If they were cash positive, theres no need for it

1) Losses from operations for the 12 months to 31 December 2024 were US$4.1 million (2023: loss US$2.7 million).

2) For the post period end, January 2025 to June 2025, the Group has produced approximately 1,847.19 troy ounces, from the Homase Mine for an average of 370 troy ounces per month

3) The Group may, in due course, seek to raise additional capital to support increasing production rates and additional exploration activities to increase the Group's resource base, and to reduce creditors.

Production has hugely dropped to average 370 oz a month to June 2025, from March showing 598oz . They need to raise money as mentioned today, get ready for dilution.

That's clearly in black and white go read the March RNS, you say its a rainy season till june? Irrelevant production has dropped of to average 468 ounces, works out 300-350 ounces for April and May, it will be a quick up and down today

What was april and mays production, circa 350 ounces a month? That’s dropped and trying to hide it with a average of 468 ounces, the clear failure is that its no where near its 1000 ounces target and has dropped of from 598 ounces in March to achieve an average of 468 ounces

Production has dropped from 598 ounces in march to an average of 468 ounces over the 5 months. Thats a big drop in April and May. Explains the drift in share price

Shame on you for slating this at 0.25p look now lol i was right learn to eat humble pie next time, ive made money here

0.7p is about to go, looking at 0.8-0.9p today

Thanks Hawaii more honest then the blagger