UK 13:11 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.
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.
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