Member Info for yorkie1

between $0 dollars and the current spot price; the key is to findor at least significantly narrowing that or at least significantly narrowing that range.
Industry professionals use the Comparable Transactions Method to benchmark the value of an ounce of gold in the ground. It relies on the principle of substitution; the mineral property being valued is compared with the transaction value of similar mineral properties, transacted on an open market.

The conclusions that can be drawn from the statistical analysis (courtesy of Cipher Research) determined the average price paid for gold in the ground in 2019 was $63 per ounce.

Thus, based on the above, and with a current JORC resource base of 602,000 ounces of gold, Goldstone's in situ valuation is $37.9m (£30.7m or 12.28 pence per share).

2. GoldStone’s assets lie in one of the most prospective gold belts in the world; Ghana’s Ashanti Gold Belt which hosts the 350,000 ounce per annum (production) Obuasi Mine (7 miles from GRL’s flagship asset). On this point, Prof. Amankwah of the University of Mines and Technology (UMaT) in Tarkwa, Ghana, believes the company’s current unproven resource sits at around 5million ounces of gold!

3. The company’s BOD recently reminded the market that their 2020 gold production target (in Q4 2020) was on track. And based on today’s gold price of $1,780, the project’s IRR would sit at a staggering 190%.

4. The Chinese, now clearly experiencing what has been predicted for several years — a diminishing gold resource at home — are now eyeing foreign juniors as a means of replenishing their in-ground resource. And with its significant post code, large gold resource, near-production prospects, and profound undervaluation (£18.7m market cap or 7.5p per share), GoldStone is a prime takeover target.

5. Also, the graphite space has been a huge disappointment for Australian investors. To this end, graphite hopefuls such as Volt Resources (ASX: VRC) and Graphex Mining (ASX: GPX) are increasingly switching their focus to gold by acquiring near-production African gold juniors.

6. The recent revelation by gold commentator Alisdair Mcleod that there’s a massive gold short squeeze ahead, and that it is likely to send the gold price rocketing in 2020; “Certain hedge funds and swaps dealers have tried to keep the gold price down. The swaps are now more short than they have ever been. And this is a situation where the gold price is on the verge of breaking out. Arguably it has already broken out. They (swaps dealers) are just caught (short). There is no escape for them.”

7. Stephen Roach, Yale University’s senior fellow and former Morgan Stanley Asia chairman, warning of the coming collapse of the US dollar. The internationally-renowned economist stated that, the rise of China and the decoupling of the U.S. from its trade partners is setting the stage for a dramatic weakening of the U.S. currency that is likely to end the supremacy of the monetary unit as the world’

Welcome on board. Usually quiet on here but here is a good post to get your teeth into.
Hi all, i am posting this again as a refresher by another investor, good read:
marketanalyst130 Jun '20 - 08:35 - 4488 of 4488
0 1 0
I’ve penned numerous articles about GoldStone Resources as a spectacular gold play; I’ve done extensive research and analysis of the company, the sector, the gold market, and countless other junior mining opportunities to verify that the Akrokerri-Homase gold asset, truly is of exceptional value. However, not even that extensive due diligence prepared me for this...

Over the past forty-eight hours, I’ve repeatedly found myself in a state of flux. Specifically, I’ve found myself unable to fully grasp the reasons that would draw City heavyweights Bill Richards, Paul and Angela List, Rich Wilkins, Orie Fenn, and Bill Trew, a reasonably wealthy band of hardened and well-respected investors, to GoldStone Resources.

Why, when they have achieved what most could only ever dream of, did they choose to invest their hard-earned cash into an under-the-radar Ghanaian junior gold explorer?

Why, for instance, did the former De Beers and Anglo American director, and now Ghanaian mining magnate, Orie Fenn, elect to not only represent the company (as a non-executive director), but to also own a notable stake (held under Fiske Nominees) in the business?

Why, for instance, did the owners of Africa’s largest private mining contractor, Ghanaian duo Paul and Angela List, with a net worth estimated at $107.5m, elect to not only represent the company (at the upper echelons of the Ghanaian political establishment), but to also own a sizeable stake (held under BCM Investments Ltd) in the business?

Why, for instance, does a Mayfair-based hedge fund supremo (‘Bill’ Richards of RAB Capital), renowned for his shrewd bets during periods of market volatility, and worth a cool £90m (courtesy of Markets Insider...), sink circa £400k (stake is under Pershing Securities Limited) into puny GRL?

Why, for instance, did the Chief Financial Officer of Phoenix Copper (the AIM-quoted North American-focused, base and precious metals company), Richard ‘Rich’ Wilkins, elect to not only represent the company (as a non-executive director), but to also own a decent stake in the business?

And why, for instance, does the head honcho of a £75m, globally-renowned gold investor (Paracale Gold), Bill Trew, who became a multi-millionaire through savvy investing (picking winning gold mining companies early in their life cycle), elect to not only represent the company (as a non-executive Chairman), but to also own a substantial stake (held under Paracale Gold Ltd) in the business?

Well, I believe I have uncovered some of the reasons. Here goes…

1. In its purest form, an ounce of gold in your hand is currently worth around $1,750 per ounce, and gold in rock, at concentrations not economic to mine, is worth nothing. It therefore follows that

I have been here since February last year and it has always been difficult to buy. Small float available over 50% held by Bod.
GLA

£230K buy from yesterday poped up! Some big buys of late but that has got to be the biggest yet. Got to be insti buying!

Yes DJ, I like Copper a lot.....
GLA

I like your style, think we come from the same school. I think with a bit of patience this and GRL will do well as I said yesterday.

GLA

You do bounce around a bit. More than happy with GRL as I am with HZM. Show some patience or you could get caught by the big news....
GLA

I bit of background on GRL BB

But more importantly, a banking crisis, collapse of the dollar by year end.

8. The rapid expansion of fiat currency-printing by global central banks is expected to reach $10 trillion by the end of 2020.

9. Many industry professionals now believe ‘peak gold’ has been achieved and are preparing for a $5,000 gold price by 2025.

So, is it all starting to make sense now?

The market is certainly starting to get it; GOLDSTONE IS PROFOUNDLY UNDERVALUED AT TODAY’S PRICES.

ATB, stay LONG and remember, there’s not much free float here.

Https://smallcaps.com.au/gold-big-story-in-town-investors-rush-into-penny-stocks/

Https://www.marketwatch.com/story/the-dollar-is-going-to-fall-very-very-sharply-warns-prominent-yale-economist-2020-06-16?reflink=mw_share_twitter

Https://kingworldnews.com/massive-gold-short-squeeze-there-is-no-escape-for-the-gold-shorts/

Https://www.dailymail.co.uk/news/article-8435805/Bank-England-pumps-100BILLION-UK-economy.html

Https://aheadoftheherd.com/Newsletter/2020/Gold-industry-must-find-8Moz-to-avoid-supply-deficit-Woodmac.htm

between $0 dollars and the current spot price; the key is to findor at least significantly narrowing that or at least significantly narrowing that range.
Industry professionals use the Comparable Transactions Method to benchmark the value of an ounce of gold in the ground. It relies on the principle of substitution; the mineral property being valued is compared with the transaction value of similar mineral properties, transacted on an open market.

The conclusions that can be drawn from the statistical analysis (courtesy of Cipher Research) determined the average price paid for gold in the ground in 2019 was $63 per ounce.

Thus, based on the above, and with a current JORC resource base of 602,000 ounces of gold, Goldstone's in situ valuation is $37.9m (£30.7m or 12.28 pence per share).

2. GoldStone’s assets lie in one of the most prospective gold belts in the world; Ghana’s Ashanti Gold Belt which hosts the 350,000 ounce per annum (production) Obuasi Mine (7 miles from GRL’s flagship asset). On this point, Prof. Amankwah of the University of Mines and Technology (UMaT) in Tarkwa, Ghana, believes the company’s current unproven resource sits at around 5million ounces of gold!

3. The company’s BOD recently reminded the market that their 2020 gold production target (in Q4 2020) was on track. And based on today’s gold price of $1,780, the project’s IRR would sit at a staggering 190%.

4. The Chinese, now clearly experiencing what has been predicted for several years — a diminishing gold resource at home — are now eyeing foreign juniors as a means of replenishing their in-ground resource. And with its significant post code, large gold resource, near-production prospects, and profound undervaluation (£18.7m market cap or 7.5p per share), GoldStone is a prime takeover target.

5. Also, the graphite space has been a huge disappointment for Australian investors. To this end, graphite hopefuls such as Volt Resources (ASX: VRC) and Graphex Mining (ASX: GPX) are increasingly switching their focus to gold by acquiring near-production African gold juniors.

6. The recent revelation by gold commentator Alisdair Mcleod that there’s a massive gold short squeeze ahead, and that it is likely to send the gold price rocketing in 2020; “Certain hedge funds and swaps dealers have tried to keep the gold price down. The swaps are now more short than they have ever been. And this is a situation where the gold price is on the verge of breaking out. Arguably it has already broken out. They (swaps dealers) are just caught (short). There is no escape for them.”

7. Stephen Roach, Yale University’s senior fellow and former Morgan Stanley Asia chairman, warning of the coming collapse of the US dollar. The internationally-renowned economist stated that, the rise of China and the decoupling of the U.S. from its trade partners is setting the stage for a dramatic weakening of the U.S. currency that is likely to end the supremacy of the monetary unit as the world’

Welcome on board. Usually quiet on here but here is a good post to get your teeth into.
Hi all, i am posting this again as a refresher by another investor, good read:
marketanalyst130 Jun '20 - 08:35 - 4488 of 4488
0 1 0
I’ve penned numerous articles about GoldStone Resources as a spectacular gold play; I’ve done extensive research and analysis of the company, the sector, the gold market, and countless other junior mining opportunities to verify that the Akrokerri-Homase gold asset, truly is of exceptional value. However, not even that extensive due diligence prepared me for this...

Over the past forty-eight hours, I’ve repeatedly found myself in a state of flux. Specifically, I’ve found myself unable to fully grasp the reasons that would draw City heavyweights Bill Richards, Paul and Angela List, Rich Wilkins, Orie Fenn, and Bill Trew, a reasonably wealthy band of hardened and well-respected investors, to GoldStone Resources.

Why, when they have achieved what most could only ever dream of, did they choose to invest their hard-earned cash into an under-the-radar Ghanaian junior gold explorer?

Why, for instance, did the former De Beers and Anglo American director, and now Ghanaian mining magnate, Orie Fenn, elect to not only represent the company (as a non-executive director), but to also own a notable stake (held under Fiske Nominees) in the business?

Why, for instance, did the owners of Africa’s largest private mining contractor, Ghanaian duo Paul and Angela List, with a net worth estimated at $107.5m, elect to not only represent the company (at the upper echelons of the Ghanaian political establishment), but to also own a sizeable stake (held under BCM Investments Ltd) in the business?

Why, for instance, does a Mayfair-based hedge fund supremo (‘Bill’ Richards of RAB Capital), renowned for his shrewd bets during periods of market volatility, and worth a cool £90m (courtesy of Markets Insider...), sink circa £400k (stake is under Pershing Securities Limited) into puny GRL?

Why, for instance, did the Chief Financial Officer of Phoenix Copper (the AIM-quoted North American-focused, base and precious metals company), Richard ‘Rich’ Wilkins, elect to not only represent the company (as a non-executive director), but to also own a decent stake in the business?

And why, for instance, does the head honcho of a £75m, globally-renowned gold investor (Paracale Gold), Bill Trew, who became a multi-millionaire through savvy investing (picking winning gold mining companies early in their life cycle), elect to not only represent the company (as a non-executive Chairman), but to also own a substantial stake (held under Paracale Gold Ltd) in the business?

Well, I believe I have uncovered some of the reasons. Here goes…

1. In its purest form, an ounce of gold in your hand is currently worth around $1,750 per ounce, and gold in rock, at concentrations not economic to mine, is worth nothing. It therefore follows that

Interesting interview and his view on Nickel 53 minutes in.

https://www.youtube.com/watch?v=XHd-F39QDOc&feature=youtu.be

Do we think when Canada come online we could be seeing some buying?

For clarity read the RNS of 12th Feb it states Gold production within TWO months.

Hello DJ, hope it was no hangover in that bar of yours! I think you said in one of your posts that " this is the beginning " which is exactly what it is. I think we have some news coming here before we start producing in a couple of months time. By the way Money Sponge aka (Maverick) doing a podcast with Emma over the weekend which should be interesting.
Onwards and Upwards now for the next couple of months and by the way Gold will be 2K by the summer great timing.

GL LTH

Whoever it is selling it's bringing much needed liquidity to allow buyers in.

GLA

Sorry here's the link. 6 minutes in for Nickel.

https://www.youtube.com/watch?v=QcgMy5r6T9U&feature=youtu.be

Talking about metals and mentions Nickel and Copper as a Buy and small cap Nickel miners.

This is moving up before the permit announcement. Wonder what happens on announcement!!!!!!!

It will be interesting to see if that elusive permit comes now!