MiningMaven Podcast No 40 with Goldstone Resources (LON:GRL) CEO Emma Priestley
Emma Priestley, the newly installed CEO of Goldstone Resources (LON:GRL) is our guest on the Podcast today.
Goldstone recently closed a £1m placing, the funds for which will be used to advance the Company's principal project in Ghana, Homase-Akrokerri, through the completion of up to 2,000 metres of RC drilling to test the extension of the known mineralisation.
In addition, the net proceeds of the fundraise will also provide the Company with general working capital and an opportunity to assess other strategic opportunities.
This is the first step for the Company as it seeks to advance its assets after a period of minimal activity.
The full announcement can be found here:
MiningMaven view: We have been following and invested in Goldstone Resources for some time and for various reasons the company has not in the past been able to live up to the promise of its potential.
We are now pleased to see that the company will be focussing on developing its Homase Akrokerri asset, and build up its current 600k Au resource.
Its notable Ashanti Gold Belt address and its proximity to Anglo Gold Ashanti's 42m oz Obuasi Mine are what originally drew us to Goldstone, and that has not changed.
Along with new management changes and improving investor sentiment in the sector, we also hope to see a fresh reinvigorated approach from the company and look forward to the commencement of the forthcoming drilling campaign.
As the gold price continues to improve , we expect a successful campaign at Homase will see further investor attention drawn to Goldstone, particularly in view of its notable Gold address in Ghana.
All opinions expressed are those of MiningMaven and the respective guests, unless otherwise stated and should not be construed as investment advise or a recommendation to buy shares in any featured Company.
From time to time MiningMaven principals may take equity positions in companies featured. Listeners are advised to do their own extensive research before buying shares which, as with all small cap exploration stocks, should be viewed as high risk. Investors should also seek the advice of a qualified investment adviser or stockbroker, as they deem appropriate.
This interview was recorded on Tuesday 16th August 2016
MiningMaven.com is a trading division of Catalyst Information Services Limited. Registered in England no. 06537074 (Registered Office Address 3rd Floor Ivy Mill, Crown Street, Failsworth, Manchester, M35 9BG).