The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Are we about to see our first 10p buy?
FTC7 , yes was a great time.
I remember those Crazy Canucks on the ski slopes in the eighties. Happy memories............
Onwards and upwards it is then!
Onwards and upwards then it is!
Would I .....................
Keep talking it down it has gone up another penny since your comment!
Got to realize that the mining industry has been in the doldrums for the past 8/9 years which has been out of favor with investors. We are just starting to see this change with institutions starting to invest in this space again. There will be in the coming months more M&A and Takeovers because of the scarcity of Copper, Nickel etc projects which the majors are hungry for. We were entering a Bull Market before Covid but this is going to make this Bull run even more pronounced with Governments around the world stimulating there economies. Don't be surprised to see 10,20 and 30 baggers in the space in the next few years which happened last in early 2000. This is a once in a lifetime opportunity believe me....
GLA and be patient
You must be new to the mining space. Show me any miner over the past 12 months who have consistently delivered news on time. I hold a number of mining companies and all have news to announce said "delayed due to Covid". Here are a few to get started HZM,ARS,ARCM etc................
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
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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 ‘gold in the grou
Welcolme SJ, seen you on another favorite of mine HZM. Been here since Feb and doing fine. This does move fast on little volume and once that EP comes through 12p in my book to start with. Some of the Mayfair set are here with deep pockets. Not long to wait and good luck with your investment....
Yorkie