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1. You've clearly stated today you want to buy in lower. 2.PI's do invest in quality of management, it's a very common strategy at all levels and insti's do the same, banks do the same, private equity does the same. 3, Jam Tomorrow? - all AIM shares have an element of jam tomorrow, we invest for outsize returns and accept higher risk and volatility along the way. I have fortunately 'multi-bagged' my initial buy tranches based on today's closing price, not 'jam tomorrow' at all. 4, Highly likely this company will sort out the technical issues in Q1, bring down the AISC, pour more Dore early Jan and be cash generative and debt free by end 2022, IMO of course. 5, I will continue to hold UNLESS the story changes. It hasn't changed and I have factored in delays as ALL new mines have delays. Patience needed, optimisation takes time. 6, Bill Trew, AIM's et al are here for a payoff, only 3% of deposits make it in terms of commercial viability into production, they chose this one to develop and I'm happy coat-tailing on the back of a highly experienced view in why this mine will produce a big enough return to make their patience and personal investment worthwhile. Eyes remain open of course. 7, If GRL is so awful as an investment why are you here posting and trying to control the narrative on this BB? 8, See item No 1.
Well rationalised post and fits with my personal view of this company and where it is headed, this bulletin board albeit better than Advfn by a wide margin is clogged with emotive garbage and perhaps that's easy to do when the Co comms are sometimes (like today) open to interpretation, I hope that improves.
I would urge holders and contributers to read the RNS's yourself several times and make decisions on that alone - if someone posts 'I have lost all trust in management' or ' fear, need to raise' then reflect why would they hold and continue to post? If you lost all trust would you not sell and not return? Even better avoid BB's and use others opinions sparingly!!
Won't continue to post here but have confidence in management and their abilities and professional backgrounds and have another year or two's horizon and have held for two years albeit recently over the last 18months built more of a position. GLA.
GRL - Upcoming 21/22:
?1st pour within 3 weeks or less, note RNS 17.09 'CIS plant is operating well and at expected recovery rates to produce loaded carbon. The Company is continuing to make any improvements necessary to the CIS plant and investigating further ramping up the speed of stacking and the subsequent processing. We have now taken our first batch of loaded carbon out of the CIS plant for further processing'. Elution plant built and commissioned.
?Pictures of those gold dore bars ?? and confirmation Co is now a producer not a junior explorer.
?Media interview (s) and Sponge podcast
?Late interest payments, Oct and Nov late payments made.
?Production schedule revision and ramp up, note move to a 2 shift system at the mine.
?Drilling work recommencement at Akrokeri - Work will expand upon previous drilling comprising nineteen Diamond Drill holes totalling 5,200 metres of core, which the Company re-logged in 2018 to discover high grade quartz veins up to 8 g/t including 1.5m @ 52.1 g/t and 17m @ 11 g/t, with individual assays up to 25 g/t.
?Update on above and core sample results.
?Updated DEP
?Repayment of AIM's £3m loan due Aug 2022
?Expansion of the Mining Lease Area for the Homase Mine.
?Expansion of JORC
?Further expansion of production.
?The BIG move as a company into positive free cash flow, not to be underestimated in any listed business. $30-60m in the first year? Will attract different type of investor.
?Further operational updates, results.
?FY results to end Dec due Jan/Feb
?Interims Jan - June 2022 released September in 2021 for this year
?Plenty of reasons to buy and build a position here ahead of major rerate.
https://twitter.com/GoldstoneRes/status/1458733985065062401?t=IbCHwYB2s36t5BbHIKat9g&s=19
Exactly there is no 3 month delay, nobody said or wrote that, not the CEO of the company. The RNS states 'in the coming months ' that doesn't mean they won't be in production shortly. Listen to the short podcast in the other posts, more details to follow and RNS forced by Nomad based on the 2 month statement to market.
Company will go on the record soon in my view, delayed but do you think those major holders are concerned? I too would of liked a new projected date but have every confidence in the GRL team to provide that in the near term. Don't forget we will get the resource upgrade, DFS update and now new production guidance near term.
If you know the company and have done your research on the the major holders and the sticky hands, small free float you'll see this perhaps as an oppo to add. Undoubtedly not good news but we shall get our update shortly, if you held through the license delay then this won't be as long imo. Delays come with mining but Co always played a straight bat.