Member Info for Munnyman

A change in government won't alter the basic supply-and-demand dynamic of the energy market. If a future government cuts subsidies, the trust will simply sign long-term supply contracts with the highest corporate bidders. With business demand rising, no corporate price caps, and alternative power stations years away, market forces will dictate the price, not government handouts. The power is needed regardless of who is in Downing Street.

Through accumulation of allowances, capital gains, and reinvested dividends over the years.

The 'leak' theory is a bit of a red herring. Look at the mechanics: we’ve just hit the 1p 'Warrant Wall' from the January fundraise. There are 200 million warrants exercisable at exactly 1p—that’s why we’re seeing this massive volume (25m+ shares) as people test that level.

The real test isn't just an RNS; it’s clearing the Director Options at 1.25p and 1.5p issued last month. Directors have zero incentive to let this stall under 1p, but warrant holders will be happy to flip here for a quick exit. Unless we get an RNS confirming Pad 6 is pouring or big news from the Sierra Leone pivot, 1p is going to be heavy weather. Great for those of us who bought the fire sale, but risky for anyone chasing the spike without an operational update.

Https://www.lse.co.uk/SharePrice.html?shareprice=GRL&share=Goldstone-Resources

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1.33 billion

I think it was underpriced, distressed valuation before. A bit of hope price is here, but i think the price punishment will return again for a bit, hopefully not as bad as before

*Under promise and over deliver

Could it be this? I can only hope

Nobody cares about bashing on this forum. Only an idiot would imho.

I'll ask AI for us all. Something interesting too look at

With the debt deadline drawing very close and the share price in the toilet, here are the three major scenarios for Goldstone Resources, detailing the trade-offs for each:

### 1. The Likely Best Case: Another Restructuring (Extension/Conversion)

The secured creditor (AIMSL) either defers the repayment deadline again or converts more debt into shares.

| Pro | Con |

| :--- | :--- |

| ✅ Avoids Insolvency: Removes the immediate, existential risk to the company. |

❌ Shareholder Dilution: Converting debt to shares means the pie is sliced into many more pieces, immediately reducing the value of your current holding. |

| ✅ Time to Produce: Gives the Homase mine more runway to generate necessary cash flow. | ❌ Kicking the Can: A temporary fix that leaves the problem of a large debt liability on the balance sheet for later. |

### 2. The Mid-Range Scenario: Production-Linked Compromise

A formal, structured plan is announced where a set percentage of future gold sales is dedicated to servicing the debt.

| Pro | Con |

| :--- | :--- |

| ✅ Credible Path to Debt-Free: Provides a clear roadmap, boosting long-term investor confidence. | ❌ Cash Flow Restraint: Limits cash available for mine expansion and operations. |

| ✅ Market Confidence: Shows that the creditor has faith in the Homase operation. | ❌ Dependent on Operations: If production falters or gold grades drop, the plan fails. |

### 3. The Worst Case: Default and Insolvency

No agreement is reached, and the secured creditor enforces its rights over the company's assets (the mine).

| Pro | Con |

| :--- | :--- |

| ✅ (None for Shareholders) | ❌ Total Shareholder Loss: The value of equity is typically wiped out. |

| | ❌ Share Suspension/Delisting: Trading could stop. |

Let's face it. There's a massive risk here. Potentially a massive reward, but mostly, risk.

That's what the market has priced in and there's not many buyers to disagree.

At this point it's just a bet, a pure gamble

Not looking great

Same

No news itself is bad news.

Silence is the worst

Back to baseline

Selling off now, easy to buy

Are we in squeeze territory?

Seems like the price is moving up

Can you post the quote or direct to me where any changes to the dividend has been made and announced please?

As I cannot find it.

Thank you

As long as things haven't fundamentally changed yes.

.

I might add that nothing has been announced,

Liontrust Asset Management has not announced a dividend cut. However, in its annual financial report published in June 2025, the company announced a new "Capital Allocation Policy" and a new dividend policy.

Instead of a fixed dividend, the new policy is a payout ratio of a minimum of 50% of adjusted diluted earnings per share (EPS). The company also stated it would return any excess capital to shareholders through share buybacks.

For the financial year ending March 31, 2025, Liontrust maintained its full-year dividend at 72p per share, which was the same as the previous year.

The new policy and the company's recent financial performance have led to speculation among some analysts about a potential future dividend cut. Liontrust reported a decrease in adjusted pre-tax profit and a significant amount of net outflows for the year, which has led to a drop in its share price.

Something to do with them cutting the div? Possibly?