ShareProphets : tidm

GRL

Transformation goes through at Goldstone

Goldstone Resources (GRL), the unloved West African gold explorer whose shares have fallen 98% in 10 years, is entering a new era, which long-suffering investors must hope will radically improve its prospects. Shareholders have approved a package of measures, including a £1.4 million investment by fellow AIM counter Stratex International (STI) and the replacement of Goldstone’s chairman Jonathan Best by Christopher Hall of Stratex, putting Stratex into the driving seat.

By Robert Tyerman | Published 2014-11-14 01:57:06 |

Goldstone hails Stratex backing

As boss of an AIM mine exploration company which has lost 97 per cent of its stock market value since floating 10 years ago, Jurie Wessels, chief executive of South Africa-based Goldstone Resources (GRL) is determinedly upbeat about its proposed new deal with fellow AIM company Stratex International (STI). Stratex, which has gold interests not far from Goldstone’s projects in West Africa, has agreed to pay £1.25 million for 33.4 per cent of Goldstone at a discounted 6p (after a tenfold share consolidation) -- provided the City Takeover Panel agrees to waive what would otherwise be its obligation to bid for the entire company.

By Robert Tyerman | Published 2014-07-25 07:02:02 |

Goldstone Resources; Stratex to the rescue, a strong speculative buy

Stratex’s (STI) investment into Goldstone Resources (GRL) looks like a smart bit of business. After Randgold terminated its exploration Joint Venture in eastern Senegal with Goldstone, at the start of April, the future looked pretty bleak for Goldstone’s shareholders. Their company was running on fumes and there seemed little prospect of an imminent commercial deal for the Homase/Akrokerri project in Ghana. There were serious questions whether or not Goldstone would survive. Although the price of today’s deal is pretty disastrous for any long term holders of this stock, they should, at least, retain half of the potential value in the business (assuming the deal completes and Stratex exercises its warrants over the next eighteen months). Even though the immediate market response to this proposed deal has been muted, if it does go through then a rerate could be on the cards for Goldstone’s share price.

By Ben Turney | Published 2014-07-21 11:51:44 |

Goldstone Resources: an alternative interpretation of the Sangola results

It is unfortunate what has happened to Goldstone Resources (GRL). The company still needs to explain the unacceptable delay in releasing the news that Randgold Resources (RRS) had terminated its crucial Joint Venture on Goldstone’s Sangola permit, in eastern Senegal. However, the disappointing results of the drill campaign were no-one’s fault. Today Goldstone has released its “Sangola Results Interpretation”. Shareholders have little to cheer about.

By Ben Turney | Published 2014-04-16 13:54:14 |

Goldstone Resources: What the Hell?

Someone really needs to explain to me why the termination of a hugely important Joint Venture shouldn’t be considered as price sensitive information, deserving of immediate release to the whole market. This afternoon, Goldstone Resources (GRL) blithely dropped a bombshell of an RNS on its shareholders, telling them that yesterday Randgold Resources (RRS) terminated their Senegalese JV. Not today. Not this morning, before the market opened. Not during the first three and a half hours of trading. Yesterday. Do the rules really mean nothing on AIM?!

By Ben Turney | Published 2014-04-03 13:12:37 |

Goldstone Resources: speculative buy below 1p

This financial writing business can be a funny old game. This morning I started to write a fairly pessimistic piece on AIM-listed Goldstone Resources (GRL), after I read about comments made by Randgold Resources’ (RRS) Chief Executive Mark Bristow concerning his company’s Massawa gold project in Senegal. By the time I had got to the end of my downbeat assessment I had actually completely changed my mind. What he said could be very bullish...

By Ben Turney | Published 2014-03-06 09:58:55 |

Goldstone Resources; more disappointment in Senegal

Goldstone Resources (GRL) is a company I quite like, but we can’t ignore today’s bad news. The latest attempts by Randgold Resources (RRS) to find a sufficiently high grade gold deposit in Goldstone’s Sangola permit, in eastern Senegal, have failed. I expect the shares to drift lower over the coming months.

By Ben Turney | Published 2014-02-18 12:01:59 |

Goldstone: Oh Dear, Oh dear – project is a pig & where's the cash?

Goldstone Resources (GRL) today announced that the company's strategic partner Rangold has interpreted the assay results which proved disappointing. Oh dear. It gets worse.

By Doc Holiday | Published 2013-11-07 10:26:40 |

Why I’ve bought Goldstone Resources

Three weeks ago Tom Winnifrith asked “Goldstone (GRL) drilling results; can it really say this?” At the time Goldstone released less than impressive drill results together with some, how shall I put this.... errr.... “bullish” statements. Fast forward to Friday and, yep you guessed it, Goldstone tapped the market for a heavily discounted placement, 30% lower than the closing price of July 5^th.

By Ben Turney | Published 2013-07-31 12:00:41 |

Goldstone Drilling Results – Can It Really Say this?

GoldStone (GRL) announced drilling results from its Ngoutou project in Gabon on 4^th July via an official release which I, charitably, describe as optimistic. I understand that companies in the “jeux san revenue” exploration game must always put the best spin on life ahead of the next fund raise but there are limits.

By | Published 2013-07-05 01:07:03 |

Goldstone Resources (GRL): Initial Wedge Breakout Attempt

Goldstone Resources is another stock flagged to me by a Twitter follower, someone who I am already starting to respect in terms of his judgement regarding small cap recovery situations.

By | Published 2013-06-10 09:10:16 |

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Recent Comments

WELL INFORMED7 Oct 2026

Thinking of Israel and the awful events of October 7 2023. May their innocent souls rest in eternal peace.

Tom Winnifrith Bearcast No 2: It’s October 7 tomorrow and Britain sickens me again & why there is no Kenmare read across

MICHAEL MCKENNA7 Oct 2026

I'm up 14.4% in two months. Looking solid with the strong possibility of jam tomorrow.

Tom Winnifrith Bearcast No 1: Amaroq day

MICHAEL MCKENNA7 Oct 2026

Ironically it is Farage's Brexit that opened the floodgates to small boats. The UK was bound by the Dublin Convention until we left it in 2020 as a result of Brexit. In 'taking back control' we ended up where we are now. I have a feeling that the next general election will be heavily influenced by a campaign to rejoin the EU, the elephant in the room.

Tom Winnifrith Bearcast No 2: It’s October 7 tomorrow and Britain sickens me again & why there is no Kenmare read across

COLINS27 Oct 2026

:-)

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TOM7 Oct 2026

got the pricing from AI, v much doubt there are any high class UYLs operating in Wrexham

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COLINS27 Oct 2026

You seem to know an awful lot about the pricing of Ukrainian young ladies.......The subject comes up more and more these days, is it 'book early' and avoid the Xmas rush?

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KUSSSB7 Oct 2026

Held since 91p, added @ 109. Very positive cast Tom, gold prospects, story changes weekly, you cannot ramp that.A good win for Evil, enjoy dinner with wife!

Tom Winnifrith Bearcast No 1: Amaroq day

PHIL55666 Oct 2026

As 19,451potential terrorist invade this country, it is OK that is down 40% on last year.The police turn up and escort them to their 3 star hotels with 3 meals a day some pocket money and lawyers and doctors and dentists.I have not looked but imagine their is not a Jew amongst them.Probably very few christians.Though more Muslims to vote Green and Labour and join protests.The police can do nothing but turn a blind eye to the grooming and rape gangs and protests.If you are white and you throw a plastic bottle at the police you can expect 2 years within days of the incident.Such is the UK, the political elite are building.

Tom Winnifrith Bearcast No 2: It’s October 7 tomorrow and Britain sickens me again & why there is no Kenmare read across

PHIL55666 Oct 2026

My 2000 AMRQ is not enough to compensate for my 2,000,000 KEFI. Though I am glad I bought some AMRQ.I like dividends, so look forward to even a small payment in the near future.

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TOM6 Oct 2026

My answer is that it is not necessary to consider hypothetical questions merely to know a little history. But folks on the left rarely know history other than the history of colonialism and white oppression learned in Black History Month.The Roman Empire did not borrow money, for a while it engaged in fiscal prudence spending what it could raise via taxes both on its own lands and on those that it colonised.But the demand for panes et circuses grew, the ancient equivalent of the welfare state and the BBC and worse still the costs of supporting a bloated military grew and eventually Rome engaged in MMT, it printed money or rather cut and cut the amount of silver in each coin. It worked for a while but then as folks realised that more coins chasing the same amount of hard assets caused inflation. And that caused societal breakdown as inflation always does as the gap between those with hard assets and wage power and those without grew. As always happens that leads to civil war and or societal breakdown ( see Weimar, 1600s England, etc).Inflation encouraged speculation rather than investment and distorted any idea of making a return on capital via hard work and so the economy floundered. Economic weakness and societal breakdown destroyed the Roman EmpireThat Lucian is why MMT is not just a duff theory but it is something that is proven not to work.

Win a bottle of champagne from Lucian Miers MMT contest