UK 12:17 Wednesday, 7 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
This gets more hilarious by the day, the slow public execution of Golden Saint Resources (GSR) as it endeavours to secure £250,000 via a crowd funded convertible debt death spiral. On day 2 the net proceeds so far are MINUS £1,938.50. Death ahoy. The hard maths are just appalling.
Already a member? Sign in
• All premium articles
• Tom Winnifrith’s Bearcast
• Access to all the entire nearly 13 year archive
• ShareProphets Daily Newsletter
Cancel any time
This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.
Comments
Barford
It’s not just their funding either, when you consider their three licence areas all expire within the funding platform period as well….
If they do raise the £250,000 over the period allowed, apart from regular monthly costs they will also have the expiring licences as well.
Surely they need to do a discounted placing asap….and a pretty big discount at that!