Member Info for wasarunner

Hi Jack, I know you're sceptical, and I concur. I share your distrust of EP. EP isn't gone and if I'm right isn't going anywhere. IMHO only (and as always, could be 100% wrong), here are the salient features of this past month:

- a mystery investor stumps up a couple of £m, at above market, when there is a bondholder where the company has to postopone /defer payment on the interest and convert to shares. Why? Why would somebody do that? The risk is enormous, without security. Why, the last group that did that lost their shirt! So in my estimation the only possible explanation is, the mystery investor is known to, or actually AIMS. If people don't think that's possible, because AIM rules forbid it, you'd be surprised probably how easily done it s.

- if I'm right then the two units now own whatever (50% including options?) Why would this be good for them? Contrary to what boo thinks I think Paracle get nothing, nada, zero, zilch. The whole point of the manouver is to dilute Paracle. Why?

- Well if AIMS just put in another £2-4m guess what, it cost them nearly nothing. Why? The debt to the them already went up by that much (and eventually will go up more, because, unlike the trader bloke stated till he was blue in the face, it's pretty obviously tied to the price of gold right - per the conversion this December). The price of gold will keep going up so the $ value of the debt will keep going up.

That brings the argument full circle, why would AIMS put in more money to dilute Paracle? Well, not too many guesses there. By controlling enough holdings, and assuming those in power are also taking payments in shares, eventually they tip / approach 75%. Why is that significant? They can delist at that point and do exactly what the f they want. And IMHO that's where the company is heading. Sure, they need more time to get there. But don't be surprised by - > the new investor mysteriously puts in more money/converts, they raise more money higher through the same investor, AIMS continues to convert some more interest into equity and before you know it, Paracle are gone and so is GRL off AIM. As I said, all IMHO. I hope I'm wrong, banjo is right and he makes a killing of course! GLA

No worries Banjo I hope it works out for you, on this and other investments. It's not an easy game, for sure. You can guess some things right - I had a fair idea years ago gold was due an upward correction - and I'm by no means a 'gold bug'. I just got the company wrong. Should have gone gold etf or something or, bought a few bards of the stuff.

*but possibly good enough at the current 'gold' price....that should have read

Also btw I could live with incompetence. Or just bad luck. 'We tried really hard but the gold wasn't there or we couldn't recover it' washes a lot better than what actually took place. I don't believe this was a case of either. One of two scenarios - per my nemesis at the time 'DJRyan' the actual grades are s***e and you can't recover enough to make it viable. Well, that may be the case but there's a sliding scale because what doesn't work at $1.5k/oz may work very nicely at $3.5k/oz+. I suspect there is a part truth here - the grades and recoveries aren't as good i.e. the gold itelf is not as good as investors were lead to believe, but possibly good enough at the current share price. But that poses maximum risk for current investors because if it can be done viably AIMS can take it all. Second scenario is this was deliberate and a gameplan all along, or certainly for a good while. I happen to believe in this theory (now) where it didn't occur to me in 2022. There's a little too much underperformance here to be 'bad luck' and if the major shareholder isn't insisting the CEO leaves when she has failed to meet any of the stated goals why not -> what's in it for them, what do they know? etc. I could be wrong - time will tell.

Banjo - losing money isn't usually funny, I hope it doesn't happen to you. In 2022 (and earlier), my thesis was simple - lots of geopolitical uncertainty would be good for gold - POG would rise. Goldstone was a low debt, on the cusp of or actually producer, listed on AIM, stated goals of 24koz, SP would rise as it realised those goals. Guess which 50% of my thesis was correct? You can overlay the gold price with the goldstone share price over say a 5 year period and observe the results, it makes for interesting reading. A producer should correlate positively with the commodity it is producing, no?

For the sp it is what it is because PIs back it stubbornly to the end 'it looks a bargain therefore it must be a bargain' and the bigger holders couldn't exit now if they wanted to. Who's going to buy Paracle's shares and for what price? But the day the really bad news lands it goes to 0 or nearly 0. In my opinion (and I could be wrong of course) that day is rapidly approaching. Why are BT et al so worried? Why did Bluegold take the big haircut?

But look if you want to stick with it stick with it. Time will tell. I wouldn't wish a loss on anybody and I certainly won't laugh if you lose. I've only ever bought Goldstone (until the day I sold the lot) because I'm not a trader. I find it interesting that usually the contrary view is most shouted down by the 'trader' types because it doesn't fit their narrative. I'm not saying that's you btw but there's plenty on here and elsewhere. No sign of the 'funding at 1p+ incoming from AIMS' trader guy either at the moment. Maybe he sold up or maybe he still thinks funding at 1p+ incoming who knows.

Good luck anyway. I hope the next 3 years rewards you better at goldstone than the previous 3 years rewarded me.

Also on bashing, its my right to bash the company. I bought it with shares. I had £550k invested when Priestley said to me, on the phone, it eas a great invedtment good things were coming. Yeah on a 1:1 call. Sp was 10p, it's 0.4p today. So yeah, I can bash the company. She lied, and she knew it then. Bit keep buying I'm sure it will work well for you.

Jack - the opposite. Chris errs on that side. My view is she knew exactly how little they would deliver, when she said that. And it was done to exit bluegold gracefully....

on the other 'bashers' thread wonder if these handles will be around in January when it went kaputt. And if they think it's great why aren't they filling their boots and the price rising? come on boubou get buying surely if you believe in it??

>>1000 oz target was a hard lie (I still err on the side of believing Emma thought she could achieve it ...

Why? She'd already stated lots of targets, none of which she achieved. Why did you believe it? She even said one of the RNS's it was imminent or soon or something when there was not a cat in hells chance of making it just for another sucker rally around 1p. All the figures were lies. Whether it can be mined profitably and by whom, we still don't really know. The possible/actual grades, possible/actual recoveries. And never will once it goes private because they won't be published.

It was deemed insolvent in March (by me) and you screamed at me I was wrong Mr Geezer. Was I? Nothing has changed, only time has elapsed. It was super obvious to anybody who had followed the company any number of 1-5 years they weren't going to hit the latest made up target. Once you accept not to believe anything the company RNS' it becomes much easier to see the wood for the trees and what's actually likely to happen. Yes I agree btw I think it will be gone, as a listed company, relatively shortly. That or a massive restructure valuing current equity at a very low value.

Chris the risk now is the same as 3,6 or 12 months ago. All that's changed is your perception of risk because you've finally understood they're not doing it for you. I agree 100% with Jack and nearly posted the same day - the 1000oz was a made up number to allow bluegold to exit.And exit they did, and pi's bought the shares, which, in time, will have proven to be a bad move. I saw this coming when it relisted and I dumped my holding, and, to be fair, I had some inside track on some of the characters who have been running this show. And it's not that good tbh. What will be will be. I lost as much as anybody else in this share no regrets as the lesson learnt is, trust noone but especially directors of aim companies....they speak with the forked tongue.

Izzy you keep mentioning paying off the interest/loan gradually. I can nearly guarantee nothing has been paid since the last rns around march. Why would you pay loan or loan interest when you need cash to survive and fund operations. No, it will be accruing alright. Guess ypu'd want to start negotiating the loan about now cos they ain't paying it off end december.

You miss the point mate. The higher the price of gold the less incentive to renegotiate anything. And EP is already working for aims in case you didn't work it out. She's not working for bluegold (they took a big haircut to exit) and she's not working for PI's who took a 95% hit in last 2-3yr. She's also not working for paracle or nguvu in case you missed more recent news. But as I said work it out. EP worls for EP and whoever the best chance of an ongoing gig - in this case aims - is. Other scenarios are possible but still most likely, a profitable company, ep still running it for aims,by far the most likely outcome. Pi gets little or 0. Again, we will see.

If you have $2bn in gold in the ground as Goldstone purportedly have and your mcap is £5m then basically -> nobody believes you can get it out.

Chris they knock you because your thesis doesn't suit their narrative as mine didn't a few months ago. This isn't about reasoned debate it's about the pump from a low level on an illiquid share because a small amount of buying selling can make a big percentage difference.

Nobody knows what will happen and many of those pumping it don't care because they'll long be out. There's a chance it remains public and gets restructured in a way that preserves equity value and there's a chance it doesn't. Either way with the companies position it can't be considered 'an investment' and thr mcap/sp reflects that. But if you suggest to these guys it might not go well you'll get shouted down, like I did by geezer when the price was 1.1p. Ultimately being right in this thesis doesn't help unless you're short. I only post because I don't like that they grt away with it, incompetence or deliberate maladministration. In my job I wouldn't last multi years like ms Priestley has done if that was the best I could do.

Smarter than you think. Trew gone List gone Priestley still there. Its not all about mining the gold you see....

I knew it was non kosher because I had some inside track on the unsavoury characters running it. That's why I dumped the lot when it relisted. And I was invited into the 1p raise and didn't participate. So there you have it. Oh it might still make loyaltrader 10% or 20% or even outside chance of 10bag but would you take that risk with this shower running it?

Chris - you thought that happened but it didn't. In reality nothing changed. A BOD who could lie through their teeth for the last 4 years about what was, what has, and what was come to pass continued to do so. The share price continued it's decline. The production didn't ramp up. This didn't go wrong. It was wrong to start with but they kept spinning it and buyers kept believing it.

By the way if you believe these guys on here they trade it every which way anyway. Geezer posted on the other board he made 2x shorting grl and 1x long. (posted in April) All the while berating me here for airing my doubts that this was a kosher operation. Geezer is playing inverse Geezer game indeed it seems and if you believe him profiting every which way the price goes.

You were simply duped into thinking the fat lady wasn't singing all the time. The BOD can do anything they want, mine more gold, and mine it profitably, probably. They don't want to. Why? Well, we'll find out soon enough. Maybe they want to give shares to mates for cheap. Maybe they didn't want Nguvu on the board. Maybe they didn't want Paracle to priofit. Maybe they want to take the whole company who knows. But 100% they don't want to make PIs rich. 100%. This is run like a private company. You guys still invested are just collateral damage.

>>GoldGeezer

Posted in: GRL

Posts: 541

Price: 1.10

Strong Buy

RE: Whoever16 Apr 2025 13:07

Savvy investor buys now almost match the poor amateur traders panic sales. The price recovery yet to catch up, so I’m still buying.

This guy? He's loading surely? It's a strong buy at 1.1p then an even stronger one at 0.4p? Surely? Isn't it?!?!

Then good luck. you're obviously both traders who got in low and are now wating for the herd to arrive and the good RNS. I wouldn't bet on the good RNS though. The herd, well, if you pump it they will come.

loyaltrader you might be right about the principal I don't know. Either way it only matters if there's any genuine appetite to keep this public for investors. If they want they can take it down with half the debt or double the debt easy. IMHO only and I may be 100% wrong it's a sham

But roll on end of December and you'll find out. At current prices the interest must be like a quarter of the mcap so AIMS can add to their position. They probably need an other 'investor' to keep them right side of outright control. Or they take it all who knows. Maybe you'll have made 10,20% or 10 bags by then

>> and then revalued at spot rate at each financial year end.

erm. no. It's revalued every year. But apart from that you're spot on.

Look I get it, it's a trade, you got to push your position. Still doesn't make it an investment. Everybody who 'invested' here has lost, and will continue to do so.