Well asx59k, maybe you are a very bitter ex-shareholder, or...

Well asx59k, maybe you are a very bitter ex-shareholder, or maybe you just like posting ill-informed or deliberately misleading information to upset existing shareholders, but either way most of the "facts" contained in your post are totally incorrect.

The capital raising was in November 2006, not a couple of years ago, and as for your statement about no dividends for the past three years, I received a dividend from the company in both 2009 and 2010.

You seem to have conveniently overlooked the fact that there has been a major change in management since the CR in 2006, including a new CEO/MD and Chief Financial Officer, plus other board and senior management changes.

The company has $39 million in cash, not $30 million as you state, but perhaps you regard $9 as being of no significance. It actually pays for quite a lot of exploration - about two year's worth for an active explorer.

Regarding your statement that they will require extra funds to mine in Africa, you might well be right, but you might equally be wrong. We have no idea at this stage what form any mining arrangements will take, and whether they will be joint ventures or sole operator. I haven't been to Africa for some years, and I'm not personally familiar with the tenements which GoldStone have acquired, but it is likely that at least some of the mining will be low-cost open pit mines, which can usually be developed in Africa at much lower cost than Australian mines.

In conclusion, might I say that I personally don't make a habit of posting on stocks which I do not hold, but if other people choose to do so, they might at least get their facts right before doing so.