GoldStone Raises £2m and Restructures Liabilities to Accelerate Ghana Gold Exploration

An announcement from Goldstone Resources ( (GB:GRL) ) is now available.

GoldStone Resources has convened an extraordinary general meeting and has conditionally raised £2.0 million through a subscription for 200 million new shares at 1 penny each, with accompanying warrants, in a move designed to strengthen its balance sheet and accelerate exploration at the Homase Mine in Ghana while also funding evaluation of gold opportunities outside Ghana, including advanced discussions over a potential investment in Sierra Leone. In parallel, major shareholder AIMS is converting approximately £1.45 million of accrued interest under a gold loan into equity, directors are converting around half of their unpaid fees into shares, and an adviser is being paid partly in equity, transactions that collectively increase the company’s enlarged share capital to 1.32 billion shares, reduce cash outflows, deepen stakeholder alignment and leave AIMS with just under 30% of the company, signalling strong internal and investor support for GoldStone’s growth strategy.

The most recent analyst rating on (GB:GRL) stock is a Hold with a £0.46 price target. To see the full list of analyst forecasts on Goldstone Resources stock, see the GB:GRL Stock Forecast page.

Spark’s Take on GB:GRL Stock

According to Spark, TipRanks’ AI Analyst, GB:GRL is a Neutral.

The score is primarily constrained by financial performance—loss-making margins, deteriorated gross margin, negative free cash flow, and higher leverage—despite strong revenue growth. Technicals are neutral-to-weak (below the 200-day average and negative MACD), while valuation is limited by a negative P/E and no dividend yield data.

To see Spark’s full report on GB:GRL stock, click here.

More about Goldstone Resources

GoldStone Resources Limited is an AIM-quoted mining and development company focused on gold projects in Ghana, ranging from grassroots exploration to production. Its flagship Akrokeri-Homase project in south-western Ghana hosts a JORC-compliant 602,000oz gold resource at an average grade of 1.77 g/t over a 4km stretch of the Homase Trend, including Homase North, Homase Pit and Homase South. The project includes two historic mines—Akrokerri Ashanti and Homase Pit—and current production is centred on the Homase Mine, with the company aiming to build a broader portfolio of high-quality gold assets along the Birimian Gold Belt.

Average Trading Volume: 2,183,471

Technical Sentiment Signal: Sell

Current Market Cap: £3.8M

For detailed information about GRL stock, go to TipRanks’ Stock Analysis page.