Golden Saint Resources Forum

What was different when this was 10p a share?

Wouldn't mind seeing a penny... got rather alot of these...

Tote the number of directors and CEOs there have been since inception in Perth. Pound to a fraction of a penny the only remaining Biard member and indeed senior exec is the one and only Cyril.

I have been very interested in all the comments about transparency and looking at the website versus what on the web under different searches unless I am wrong the subsection of "Values" under "who We Are" has disappeared and I recall a previous company statement of "Golden Saint believes in giving back to the community. Earlier this year, Golden Saint in partnership with Street Child of Sierra Leone, a UK based charity organization, helped build 13 schools in Baja area through donations." Does anyone know as to whether GSR retains a relationship with Street Chd and if not when did it end and why?

I saw a comment that the share price could not really go any lower and in that sense was worth holding or punting some more cash. All fair enough though we know the gap between what you have been led to believe and what has come to pass is growing ever wider and the old phrase of "good money after bad" comes to mind. A very real concern remains, if this latest dilutive capital raising runs out ( and you have it in black and white in today's announcement, that is Cyril's backward and forwarding to SL and I bet those business class fares don't come cheap from Perth ) before there's enough generated by the poor sods on the ground then listing fees could be an issue and if GSR is DELISTED then shareholders are stuffed. As for the announcement of the Board changes, that leaves a suburban Petth lawyer as chairman and does not change the ongoing fact that Cyril had no prior mining experience. There is a distinct lack of an independant voice in this publicly listed company.

It really is outrageous and I can really empathise with you. With any stock though you can't however buy the story without the buying "the management."

I have seen many dismayed comments about the continual issue of new shares to keep the company afloat (and to keep the Chairman in the style to which he has become accustomed) and the continual dilution to current shareholders even without any downward price movement is actually a decline in value per share. In addition everyone wants to see a graduation from penny dreadful to considered investment attracting the interest of institutional investors but that's a function of valuation and rating. Even when there are net earnings the EPS will struggle because of the number of shares and hence the PER will remain just too high.

Ask yourself why is that a Perth-based company in a highly active capital market (at the time) including over a hundred listed companies with prospects in West Africa, feel the need to list on AIM? Ask yourself how many directors and company executives have left the various GSR companies since inception? What happened to the Directors that introduced Cyril to the opportunity? What happened to those that were onboard at the time of listing? Where are all the company executives that were featured in press releases? Were "personal reasons" the real reasons for moving on? Are the current directors fulfilling their fiduciary duty of care to shareholders or are they just ciphers of the Executive Chairman? What happened to those Directors and consultants who offered bona fide advice with which the chairman disagreed? A listed company is not a plaything for either the Chairman or the Board, neither are shareholders there just to sustain the jet-setting lifestyle of the Chairman.

Ask yourself why a Wsstern Sustralian company in what was a highly active capital market feel the need to list on AIM when iced s hundred other Perth listed companies wee active in West Africa? Have any kne find a review of all the ex directors of the GSR group?

8k down now another 15k... What a lovely Monday I've had....