Read on Twitter
#GRL - Goldstone resources
SP - 2.55p
MC - £6.4M
Shares in issue - 250M
Shares not in public hands - 51.4%
Free float - 122M
52wk High - 3.15p
Historic resistance - 2.35p
Primary assets - Akrokeri and Homase, Ashanti Gold Belt, Ghana
Status - Mining lease awarded
Cont.
SP - 2.55p
MC - £6.4M
Shares in issue - 250M
Shares not in public hands - 51.4%
Free float - 122M
52wk High - 3.15p
Historic resistance - 2.35p
Primary assets - Akrokeri and Homase, Ashanti Gold Belt, Ghana
Status - Mining lease awarded
Cont.
#GRL - Assets:
The Akrokeri and Homase assets are located up strike and in close proximity to Anglogolds Obuasi Mine, historically the largest gold mine in the world!
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👀" title="Eyes" aria-label="Emoji: Eyes">
Grades are outstanding, 24gt average from underground Akrokeri and 2.5gt from open pit, shovel ready Homase.
The Akrokeri and Homase assets are located up strike and in close proximity to Anglogolds Obuasi Mine, historically the largest gold mine in the world!
Grades are outstanding, 24gt average from underground Akrokeri and 2.5gt from open pit, shovel ready Homase.
Grades are outstanding, 24gt average from underground Akrokeri and 2.5gt from open pit, shovel ready Homase." title=" #GRL - Assets:The Akrokeri and Homase assets are located up strike and in close proximity to Anglogolds Obuasi Mine, historically the largest gold mine in the world! https://abs.twimg.com/emoji/v2/... draggable="false" alt="👀" title="Eyes" aria-label="Emoji: Eyes">Grades are outstanding, 24gt average from underground Akrokeri and 2.5gt from open pit, shovel ready Homase.">
Grades are outstanding, 24gt average from underground Akrokeri and 2.5gt from open pit, shovel ready Homase." title=" #GRL - Assets:The Akrokeri and Homase assets are located up strike and in close proximity to Anglogolds Obuasi Mine, historically the largest gold mine in the world! https://abs.twimg.com/emoji/v2/... draggable="false" alt="👀" title="Eyes" aria-label="Emoji: Eyes">Grades are outstanding, 24gt average from underground Akrokeri and 2.5gt from open pit, shovel ready Homase.">
#GRL - Assets Cont.
Both assets are formerly producing mines, not your typical AIM project of a desert with drill holes in requiring £1B to realise. The assets can be in production quickly & cheaply and, importantly, remain highly prospective for future discovery.
Cont.
Both assets are formerly producing mines, not your typical AIM project of a desert with drill holes in requiring £1B to realise. The assets can be in production quickly & cheaply and, importantly, remain highly prospective for future discovery.
Cont.
#GRL stakeholders:
51.4% not public.
Paracale gold (28% holding) debt funding partners.
http://paracalegold.com"> http://paracalegold.com
BCM (20% holding) Africas largest private contract miner.
http://bcmgh.com"> http://bcmgh.com
Interestingly, non exec Angela Diala List is also director at BCM& #39;s investment arm.
51.4% not public.
Paracale gold (28% holding) debt funding partners.
http://paracalegold.com"> http://paracalegold.com
BCM (20% holding) Africas largest private contract miner.
http://bcmgh.com"> http://bcmgh.com
Interestingly, non exec Angela Diala List is also director at BCM& #39;s investment arm.
#GRL economics
Extremely low cash burn <$50k month. Debt funded by cornerstone investor. No equity cash call since 2017.
Projects into production for a tiny capex of <$7M, ideal for debt funding as repayable in 1 year. Future exploration funded by production.
Extremely low cash burn <$50k month. Debt funded by cornerstone investor. No equity cash call since 2017.
Projects into production for a tiny capex of <$7M, ideal for debt funding as repayable in 1 year. Future exploration funded by production.
#GRL so why so cheap??
At circa £6M MC, why is goldstone so cheap given all of the above?
Geopolitical issues from operating in Ghana is why. However, last Friday GRL received their long awaited permit to mine; no more barriers to operating. Historical SP highs are 300phttps://abs.twimg.com/emoji/v2/... draggable="false" alt="👀" title="Eyes" aria-label="Emoji: Eyes">
At circa £6M MC, why is goldstone so cheap given all of the above?
Geopolitical issues from operating in Ghana is why. However, last Friday GRL received their long awaited permit to mine; no more barriers to operating. Historical SP highs are 300p
" title=" #GRL so why so cheap??At circa £6M MC, why is goldstone so cheap given all of the above? Geopolitical issues from operating in Ghana is why. However, last Friday GRL received their long awaited permit to mine; no more barriers to operating. Historical SP highs are 300p https://abs.twimg.com/emoji/v2/... draggable="false" alt="👀" title="Eyes" aria-label="Emoji: Eyes">" class="img-responsive" style="max-width:100%;"/>
#GRL Cont.
But don& #39;t take my word for it. Read through the last 3 years RNS and it& #39;s worth visiting their website and viewing the latest presentation, links below.
For me, LT target 22p with near term of circa £25M MC (10p)
http://Goldstoneresources.com"> http://Goldstoneresources.com
https://www.goldstoneresources.com/documents/presentation-q3-2019.pdf">https://www.goldstoneresources.com/documents...
But don& #39;t take my word for it. Read through the last 3 years RNS and it& #39;s worth visiting their website and viewing the latest presentation, links below.
For me, LT target 22p with near term of circa £25M MC (10p)
http://Goldstoneresources.com"> http://Goldstoneresources.com
https://www.goldstoneresources.com/documents/presentation-q3-2019.pdf">https://www.goldstoneresources.com/documents...
