500K ounces every 200M of on trend discovery is the GSS stated rule of thumb for Wassa. This is 200M to the South (future) and 50M to the North (immediate opportunity). So 625K ounces or about 3 more years of mining. Nice.
Golden Star Resources Ltd. (GSS – Free Report) is an un-hedged gold producer which owns the Wassa gold project in Ghana and controls a number of gold exploration properties in West Africa. Its expected earnings growth for the current year is 50%. Golden Star Resources carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Believe, the current F-10 is a re-file of 2014 F-10 to have the "charge card" ready just in case. I do NOT believe there is any imminent dilution being readied....
F-10 Form.... The 2014 F-10 was in effect for 25 months Golden Star Resources Ltd. (the “Company”, “Golden Star”, “we”, “us”, or “our”) may offer and sell from time to time our common shares (“Common Shares”), First Preferred shares (“Preferred Shares”), warrants (“Warrants”) to purchase any of the other securities that are described in this short form base shelf prospectus (the “Prospectus”) or any supplement hereto; debt securities; or any combination thereof for up to an aggregate offering price of U.S.$250,000,000 (all of the foregoing collectively, the “Securities” and individually, a “Security”), in one or more transactions during the 25-month period that this Prospectus, including any amendments hereto, remains effective.
2017 -current F-10 identical ..effective date = future date , after filing Amendment....Shelf life 25 months
Can anyone shed some light on what an F-10 form is and if it's anyway related to why the price tanked after hours. I am aware that after hours trading means little 99% of the time, but in rare cases, where something negative is presented to affect the stock, it serves as directional guidance. To be honest, I am concerned at this point - I was expecting a drop to .70 next week down after not seeing quite the bounce off the Fib retrace i mentioned in my past quote, but there is good chance Gold will be dropping hard going into FOMC next week which means.... once again... GSS's momentum will rot again. Keep in mind, we are getting into Q4 where gold usually does not do well. Discussion is welcome
Well my friends! Looks like we have some wonderful drilling results to brag about!! Good work Sam.God bless, Bill.
GSS after hours Fri around 17k shares...notice a big trade of over 740k shares right at 4pm et taking the price back up to 74c. Go to GSR home site and look at F10 filing from 2014..... F10 filed on Fri is not in a prep. for dilition, I am certain. As Peter said, get it filed and shelve it, just as the did in 2014
Fib retracement 61.8 of this move is at $.7273 ...... hoping she bounces from there. With gold a little top heavy and moving sideways until FOMC, I really hope GSS doesn't lose momentum.... Keep in mind, if we do move, we have strong resistance at around .90c which comes from the 2016 highs. Good luck to all
Where gold is at today 68 is the right price at ah,
I suspect the reason that his will not go any higher is because the market already knows a PIPE deal is coming in the 66-70 penny range.
Gold is 1330, the share price should go up but it is going down. I wish the day traders stayed the #$%$ away
Thank you to those sellers today. Topped up my position by another 5000 shares. Be patient and we'll see a dollar+ by year end
GSS price action and direction makes absolutely NO sense. We all agree on that and certainly no one more than our CEO Sam Coetzer. Sam has been beating that drum loud and clear for some time, so if we are frustrated, Sam has got to be frustrated to the 10th power. Whatever was budgeted to drilling and exploration is no doubt an important number but if it were me, I'd add a few more $ to that account. To assure that we all expect to be very good results will we be outstanding. Results that will leave whoever the heck has been selling, reaching for a box of tissues. Keep up the good work Sam. God bless, Bill.
on website under capital structure... 7% Convertible Debentures were issued in August 2016 for US$65 million. Interest on the debentures is payable semi-annually on February 1 and August 1 of each year until maturity on August 15, 2021. The debentures are, subject to certain limitations, convertible into common shares at a conversion rate of 1111.1111 common shares of the Company per US$1,000 principal amount of 7% Convertible Debentures, which is equivalent to an initial conversion price of approximately US$0.90 per common share. On maturity, the Company may, at its option, pay the principal amount in cash or by issuing common shares at a 7% discount to the current market price at that time. Golden Star Convertible Debentures are traded over the counter.
wow. After hours action $GSS Gold and Silver are on Fire! Buy and Hold. The rally about to begin to $2000 #Gold $100 #silver imo
Sounds good to me. If they plan to keep these shares on the "shelf" for a while it does not sound like we have to worry about someone from China or anywhere else buying us out. I certainly think our current management wants to carry the ball into the end zone themselves and with upcoming announcements they will be making a lot of first downs! Nice work Sam. God bless, Bill.
retreat then advance.mkt is giving us another chance to add on.
This is ridiculous. Gold goes up to yearly highs, gss barely moves. Gold falls but still above 1300 and gss goes drops to price levels of mid 1200's
Check out the interesting reader comment at the end of this article.
who ever is patient and adding more, they are gonna be the winner. the average was 1250 per ounce and company doubled the profit. it is gonna be 1300 and more production, they will triple the profit. great job GSS. great job management