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Goldstone Resources: an alternative interpretation of the Sangola results

By Ben Turney | Wednesday 16 April 2014


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.


It is unfortunate what has happened to Goldstone Resources (GRL). The company still needs to explain the unacceptable delay in releasing the news that Randgold Resources (RRS) had terminated its crucial Joint Venture on Goldstone’s Sangola permit, in eastern Senegal. However, the disappointing results of the drill campaign were no-one’s fault. Today Goldstone has released its “Sangola Results Interpretation”. Shareholders have little to cheer about.



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