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Golden Saint Resources - why it has work still to do to become confetti issuance champion

By ShareProphets | Tuesday 2 May 2017


Disclosure: Financial Investigative Media Limited, which is not owned by Tom Winnifrith but by a trust for his dependants, owns shares in companies mentioned in this article. 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.


Tom recently published an article about Golden Saint Resources (GSR) reaching 8,822,256,582 shares in issue after a latest bailout placing, asking what is the AIM shares in issue record? Well, as at the end of March, some data from the LSE showed;

XTRACT RESOURCES PLC

32,499,380,859

MAYAN ENERGY LIMITED

21,144,630,415 

CYANCONNODE HOLDINGS PLC

15,903,071,289 

FRONTERA RESOURCES CORPORATION

8,842,004,983 

TRI-STAR RESOURCES PLC

8,470,583,101 

CADENCE MINERALS PLC

8,112,689,941 

SOLO OIL PLC

7,846,755,859 

OROGEN GOLD PLC

7,841,026,367 

RANGE RESOURCES LD

7,595,830,782 

GOLDEN SAINT RESOURCES LTD

5,835,056,581

The latest share issue and a proposal by Mayan Energy (MYN) to undertake a 400-to-1 consolidation though means that Golden Saint is now on the cusp of a podium third place, just behind Frontera Resources (FRR). However, getting to the top will be tough as leader Xtract Resources (XTR) and second place CyanConnode Holdings (CYAN) now have some 34,461,242,980 and 17,852,214,022 shares in issue respectively.

Golden Saint thus has work still to do to become confetti issuance champion!


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