UK 12:15 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.
West Africa-focused AIM dog Goldstone Resources (GRL) is waiting for imminent infill auger probing results from Homase in Ghana before it drills to expand the gold prospect’s near-surface oxide resources from 100,000 oz. to towards a hoped-for 250,000 oz. in line with the strategy adopted by 33.4% shareholder and fellow AIM counter Stratex International (STI). Goldstone, whose shares at 2.62p (following a one-for-10 consolidation last autumn) have plunged 99% since their 2004 float, is hoping to add significantly to Homase’s present resource of 602,000 oz. at a low grade of 1.77 grammes of gold per tonne of ore, as it seeks joint venture partners to participate in -- and fund -- its other projects in Senegal and Gabon.
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