UK 12:12 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.
PR genius Steffi I applaud you for making me a happy man with what must be the most ludicrous press release of the year from your client Golden Saint Resources (GSR). We know that this company is bankrupt and trading whilst insolvent but I am glad that Nomad Roland "fatty " Cornish has not done his job properly and suspended the shares from the AIM Casino as this is sheer comedy.
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Comments
jsimbo
In the previous RNS they said that in making their operations more efficient they had managed to reduce the cash burn to $150,000 per month. or $5,000 per day. which, is about £3,000 and change. so the placing has raised enough money to get them through to somewhere between the smoked salmon course and the after dinner cheese and port of Roland’s dinner tomorrow night.
On the BB on the LSE, the worlds most financially illiterate and optimistic posters are busy agreeing that this £5,000 is going to be used to pay the export taxes on £80,000 worth of gold and or diamonds. these can leave the country and be sold, providing the money the company needs to get back on its feet and go on to great things!
Because of course, a company that burns £3,000 per day cannot find £5,000 to pay export taxes and leaves the product it needs to survive sitting in Africa. that makes perfect sense.
Nevermind the fact that the supposed £80,000 of product, even if it exists and is rescued by this process, will only keep the lights on for another two weeks.
Madness, utter, mind boggling howling madness.
P.S. I wonder if the admin costs of doing a placing are £5,000?
Barford
Quick point..the shares will be issued on 6th Jan 2016 of which is same time the crowd for angels debt pitch runs out, of course the pitch won’t pay as not at min amount unless someone bails them to min so to get £50 grand….
We know it! The Company knows it! Even the Nomad Knows it !!! They are out of money and out of luck…no Santa rally here…….
All the best….