Member Info for LUCAIN

'GoldStone Resources later acquired and restarted the Homase Mine in 2010, achieving its first commercial gold pour in 2021'

-- so what on earth were they doing between 2010 and 2021? Planting flowers?

The read across from TXP isn't helping.

The problem is statements like the above.

They need to get in the habit of stating a realistic date, and then sticking to it.

Not so difficult, if you are in control iof your operations on the ground.

Good luck to you if you believe that.

That's three director buys in three weeks, has to be good news coming.

Market cap just now is under £6m.

Doesn't add up, no matter how you look at it.

Or not until September?

Anyone know where we can see the results for the last 12 mths?

All of a sudden, loads of trades today, more sells than buys I think.

The thing is, GRL gave monthly production updates every month from November to March inclusive. It was only after March that they went quiet.

Remarkabkle

Am I right in thinking the recent tweet would not have needed pre-approval from the NOMAD, whereas an RNS would have needed approval?

A further point. Whoever was behind the sudden spate of buying a few days ago, must have had reason to believe the price would rise.

I wonder if he/she may have heard the company was about to announce a gold pour.

If so - such things do happen - he/she will have been disappointed.

1. If no date is given for the pour, it is because giving the date would not have been helpful .. i.e. it would have indicated a low production rate.

2. The nature of the announcement indicates a management under pressure and somewhat rattled - which does not inspire confidence.

3. It is past time for a full account of developments since the end of March, pending which the share price will not recover. Even if the news is disappointing, it can hardly be worse than the protracted silence.

Hard to make sense of this company.

Steady buying for last few weeks, presumably driven by plans for up to £5m in share buy-backs, and the MCAP is now about 65m.

But where is the cash for the buy-backs to come from? Are roadside cafes such a lucrative business?

The latest figures show a loss on current trading.

The balance sheet is dominated by £40m. in 'other assets', presumably the holding in the smart-pillow company. How will this be affected by Trump's tariffs? Their manufacturing seems to be mostly in China.

I am not complaining - I bought my shares at about 10-11 - but I am somewhat puzzled.

Perhaps all will be explained on 17 June. In the meantime, I would welcome comments by anyone with accounting expertise.

If they have not said 'We know of no reason for the drop ..', it's because they can't.

In other words, there is a reason and they know it.

We are not going back up until there is an RNS.

This discussion is pointless, until the company releases some up-to-date facts, good or bad.

'that debt is sat with the largest shareholder (AIMS). It's in their interest to see GRL succeed' --

Just a thought. Could it possibly be in their interest also, to foreclose, take out the rest of the shares, and put in someone to run the company for them?

Stranger things have happened ..

We clould have GORL and GRRL, or just GRR ...

Preferably not, I would think.

On the other hand, Greatland is in upside-down land, so who knows ..