Goldstone Resources Ltd
Goldstone Resources Limited, through its subsidiaries, engages in the exploration and mining of gold and associated elements. It holds 100% interest in the Akrokeri project; and 90% interest in the Homase mine located in accra, and southwest of Kumasi; and the Akrokeri-Homase Gold Project in Ghana. The company was incorporated in 1998 and is based in Saint Helier, Jersey.
Goldstone Resources Ltd (GRL) - Net Assets
Latest net assets as of June 2025: GBX8.42 Million GBX
Based on the latest financial reports, Goldstone Resources Ltd (GRL) has net assets worth GBX8.42 Million GBX as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX21.65 Million) and total liabilities (GBX13.23 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX8.42 Million |
| % of Total Assets | 38.87% |
| Annual Growth Rate | N/A |
| 5-Year Change | -2.88% |
| 10-Year Change | 4186.94% |
| Growth Volatility | 1602.77 |
Goldstone Resources Ltd - Net Assets Trend (2001–2024)
This chart illustrates how Goldstone Resources Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Goldstone Resources Ltd (2001–2024)
The table below shows the annual net assets of Goldstone Resources Ltd from 2001 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | GBX10.53 Million | +14.23% |
| 2023-12-31 | GBX9.22 Million | -27.87% |
| 2022-12-31 | GBX12.78 Million | -20.07% |
| 2021-12-31 | GBX16.00 Million | +47.49% |
| 2020-12-31 | GBX10.85 Million | +57.37% |
| 2019-12-31 | GBX6.89 Million | -9.22% |
| 2018-12-31 | GBX7.59 Million | -9.37% |
| 2017-12-31 | GBX8.38 Million | +29.79% |
| 2016-12-31 | GBX6.45 Million | +2526.54% |
| 2015-12-31 | GBX245.71K | -84.08% |
| 2014-12-31 | GBX1.54 Million | +326.80% |
| 2014-02-28 | GBX361.67K | -49.04% |
| 2013-02-28 | GBX709.66K | -89.97% |
| 2012-02-29 | GBX7.07 Million | +30.22% |
| 2011-02-28 | GBX5.43 Million | +784.09% |
| 2010-02-28 | GBX614.29K | -49.80% |
| 2009-02-28 | GBX1.22 Million | -47.48% |
| 2008-02-29 | GBX2.33 Million | -24.93% |
| 2007-02-28 | GBX3.10 Million | -17.96% |
| 2006-02-28 | GBX3.78 Million | -0.58% |
| 2005-02-28 | GBX3.81 Million | +7222.81% |
| 2004-02-29 | GBX51.96K | +217.82% |
| 2003-02-28 | GBX-44.10K | +96.82% |
| 2002-02-28 | GBX-1.39 Million | -3.56% |
| 2001-02-28 | GBX-1.34 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Goldstone Resources Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 3424993310.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | GBX10.11 Million | 95.94% |
| Other Comprehensive Income | GBX1.30 Million | 12.31% |
| Other Components | GBX35.28 Million | 334.90% |
| Total Equity | GBX10.53 Million | 100.00% |
Goldstone Resources Ltd Competitors by Market Cap
The table below lists competitors of Goldstone Resources Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
DXI Capital Corp
PINK:DXIEF
|
$462.18 |
|
CDIA
JK:CDIA
|
$462.48 |
|
FSPE11F
SA:FSPE11F
|
$462.76 |
|
Metropolitan Steel Corp Ltd
KAR:MSCL
|
$463.71 |
|
MINCO GOLD (MI5.SG)
STU:MI5
|
$461.13 |
|
Graft Polymer UK PLC
LSE:GPL
|
$460.92 |
|
WELLINGTON DRIVE
BE:UCW
|
$460.55 |
|
Integrated Drilling Equipment Holdings Corp
OTCGREY:IRIG
|
$460.20 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Goldstone Resources Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 9,221,093 to 10,533,216, a change of 1,312,123 (14.2%).
- Net loss of 4,150,517 reduced equity.
- New share issuances of 3,296,431 increased equity.
- Other comprehensive income increased equity by 1,574,812.
- Other factors increased equity by 591,397.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX-4.15 Million | -39.4% |
| Share Issuances | GBX3.30 Million | +31.3% |
| Other Comprehensive Income | GBX1.57 Million | +14.95% |
| Other Changes | GBX591.40K | +5.61% |
| Total Change | GBX- | 14.23% |
Book Value vs Market Value Analysis
This analysis compares Goldstone Resources Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 42.78x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-02-28 | GBX-0.21 | GBX0.73 | x |
| 2002-02-28 | GBX-0.22 | GBX0.73 | x |
| 2003-02-28 | GBX-0.01 | GBX0.73 | x |
| 2004-02-29 | GBX0.01 | GBX0.73 | x |
| 2005-02-28 | GBX0.61 | GBX0.73 | x |
| 2006-02-28 | GBX0.39 | GBX0.73 | x |
| 2007-02-28 | GBX0.24 | GBX0.73 | x |
| 2008-02-29 | GBX0.18 | GBX0.73 | x |
| 2009-02-28 | GBX0.09 | GBX0.73 | x |
| 2010-02-28 | GBX0.05 | GBX0.73 | x |
| 2011-02-28 | GBX0.24 | GBX0.73 | x |
| 2012-02-29 | GBX0.22 | GBX0.73 | x |
| 2013-02-28 | GBX0.02 | GBX0.73 | x |
| 2014-02-28 | GBX0.01 | GBX0.73 | x |
| 2014-12-31 | GBX0.02 | GBX0.73 | x |
| 2015-12-31 | GBX0.00 | GBX0.73 | x |
| 2016-12-31 | GBX0.08 | GBX0.73 | x |
| 2017-12-31 | GBX0.05 | GBX0.73 | x |
| 2018-12-31 | GBX0.03 | GBX0.73 | x |
| 2019-12-31 | GBX0.03 | GBX0.73 | x |
| 2020-12-31 | GBX0.04 | GBX0.73 | x |
| 2021-12-31 | GBX0.05 | GBX0.73 | x |
| 2022-12-31 | GBX0.03 | GBX0.73 | x |
| 2023-12-31 | GBX0.02 | GBX0.73 | x |
| 2024-12-31 | GBX0.02 | GBX0.73 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Goldstone Resources Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -39.40%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -83.83%
- • Asset Turnover: 0.20x
- • Equity Multiplier: 2.29x
- Recent ROE (-39.40%) is above the historical average (-146.85%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 0.00% | 0.00% | 0.00x | 0.00x | GBX-836.82K |
| 2002 | 0.00% | 0.00% | 0.00x | 0.00x | GBX89.11K |
| 2003 | 0.00% | 0.00% | 0.00x | 0.00x | GBX-512.22K |
| 2004 | -910.72% | 0.00% | 0.00x | 6.32x | GBX-478.43K |
| 2005 | -166.28% | 0.00% | 0.00x | 1.14x | GBX-6.71 Million |
| 2006 | -98.29% | 0.00% | 0.00x | 1.02x | GBX-4.10 Million |
| 2007 | -21.86% | -484.55% | 0.04x | 1.03x | GBX-988.73K |
| 2008 | -32.91% | -1597.25% | 0.02x | 1.02x | GBX-999.66K |
| 2009 | -90.79% | 0.00% | 0.00x | 1.03x | GBX-1.23 Million |
| 2010 | -99.26% | 0.00% | 0.00x | 1.17x | GBX-671.15K |
| 2011 | -28.45% | 0.00% | 0.00x | 1.03x | GBX-2.09 Million |
| 2012 | -80.46% | 0.00% | 0.00x | 1.08x | GBX-6.40 Million |
| 2013 | -913.32% | -18924.49% | 0.04x | 1.17x | GBX-6.55 Million |
| 2014 | -468.89% | 0.00% | 0.00x | 1.85x | GBX-1.73 Million |
| 2014 | -90.96% | 0.00% | 0.00x | 1.03x | GBX-1.56 Million |
| 2015 | -528.24% | -4719.72% | 0.11x | 1.04x | GBX-1.32 Million |
| 2016 | -12.94% | -47489.99% | 0.00x | 1.01x | GBX-1.48 Million |
| 2017 | -9.62% | 0.00% | 0.00x | 1.01x | GBX-1.64 Million |
| 2018 | -13.36% | 0.00% | 0.00x | 1.10x | GBX-1.77 Million |
| 2019 | -11.13% | 0.00% | 0.00x | 1.24x | GBX-1.46 Million |
| 2020 | -5.93% | 0.00% | 0.00x | 1.63x | GBX-1.73 Million |
| 2021 | -14.08% | 0.00% | 0.00x | 1.49x | GBX-3.85 Million |
| 2022 | -5.28% | -7.58% | 0.42x | 1.65x | GBX-1.95 Million |
| 2023 | -29.14% | -122.28% | 0.10x | 2.40x | GBX-3.61 Million |
| 2024 | -39.40% | -83.83% | 0.20x | 2.29x | GBX-5.20 Million |
Industry Comparison
This section compares Goldstone Resources Ltd's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $98,725,901
- Average return on equity (ROE) among peers: -53.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Goldstone Resources Ltd (GRL) | GBX8.42 Million | 0.00% | 1.57x | $461.96 |
| Bluebird Merchant Ventures Ltd (BMV) | $19.35 Million | -1.33% | 0.04x | $306.26 |
| Conroy Gold & Natural Resources Plc (CGNR) | $17.65 Million | -3.84% | 0.28x | $1.43K |
| Cora Gold Limited (CORA) | $-546.00K | 0.00% | 0.00x | $5.35K |
| ECR Minerals plc (ECR) | $23.98 Million | -7.66% | 0.13x | $1.04K |
| Goldplat PLC (GDP) | $18.41 Million | 9.12% | 0.96x | $1.92K |
| Greatland Resources Limited (GGP) | $642.59 Million | 25.17% | 0.58x | $518.75K |
| Hamak Gold Ltd (HAMA) | $1.14 Million | -326.99% | 0.36x | $591.38 |
| Lexington Gold Ltd (LEX) | $147.20K | -170.26% | 0.38x | $2.13K |
| Metals Exploration Plc (MTL) | $165.82 Million | -1.92% | 0.63x | $38.48K |