Goldplat Share Discussion Threads

[dinky00] 19/4/2024 08:41

If there is little or no requirement for the generators (6% loss of production days) then the generators will remain unused and will have a strong resale value one day. If there is major outages then the generators will be useful. Either way, these are an asset.

[kimboy2] 19/4/2024 08:20

It will increase capacity but will be loss making IMV. Perhaps we should view them as an insurance policy.

[ertugrul] 19/4/2024 07:17

Eventually they arrived will increase the capacity and profit ?

[kimboy2] 19/4/2024 07:08

31/5/23 Due to the increased uncertainty of supply in the medium term, we have made a decision to invest in diesel generators which will be able to sustain operations in South Africa during electricity cuts. The capital cost of these investments will be GBP750,000 and will be financed over 36 months with one of our local banks. We estimate that it will take 12 - 14 weeks to receive and install these generators. Based on 25% of available hours expected to be lost during the next 24 months, we expect that the capital cost will be recovered within 24 months.

[kimboy2] 18/4/2024 15:41

He said they 'want to update the jorc resource, potentially.'

If they ordered it today you are looking at 6 months.

[lowtrawler] 18/4/2024 15:20

The trades coming through aren't exactly huge and so it just shows how thinly traded we are with relatively limited trading leading to large movements in the price.

I still think we have yet to consolidate around the 7.9p resistance level before moving onto 8.9p and then 10p. IMV, we don't need any additional news for the leg up to 8.9p, just time. I believe 10p will need some positive news. If they get communication of the TSF right, we should sail past 10p but communication has never been a strength.

[shill10] 18/4/2024 14:28

reasonable consolidation of previous gains, now for the next leg, should be 11p+ before DRD announcement for me, esp given performance of gold miners sector.

[ertugrul] 18/4/2024 14:22

It's imminent

[shill10] 18/4/2024 13:23

how long would a new JORC take ? days, weeks, months ?

[kimboy2] 18/4/2024 12:42

He seems to link telling us about the potential profit of the TSF with the new JORC.

ISTM that while the crucial details are being suppressed that GDP is operating a false market in the shares.

I am sure they could find a form of words to release the vital information without compromising the comercial interests. DRD will know it all anyway.

[sea7] 18/4/2024 12:21

Werner talking to flagstaff 6 days ago. only a few mins long

[michaelfenton] 17/4/2024 11:40

Goldplat has such a small 10-12 miliion company. Not on anybody's radar. However to my mind given the present POG it is undervalued. Ghana is doing well and SA poorly however it is sitting on a nice pile so to speak. They might start trucking if a deal can be done and meantime back on the ranch the pile gets more valuable?

[dinky00] 17/4/2024 11:32

It's a £12m micro cap, if it doesn't have a catalyst (earnings update, company updates) it quickly fades into the background and trade volume dries up. Weak holders get frustrated and sell at the bid price on a spread you could drive a bus through. Market makers call the price down immediately. Always has been the case. Supply & demand is the only thing that matters.

[ih_692232] 17/4/2024 10:50

And could there be any reason goldplat Sp does the opposite?? I wonder
Alm

[ertugrul] 15/4/2024 11:21

Gold nonstop rising

[kimboy2] 13/4/2024 19:35

He is only one vote on the board, and will probably be barred from voting anyway as he would directly benefit from the decision.

There are plenty of ways of sorting the problem before it comes to that though.

[sea7] 13/4/2024 15:21

He is also on the board and may attempt to block any buyback if it isn't in his interests to do so.

[lowtrawler] 12/4/2024 23:23

sea7, that's not the point. If he offered an unacceptably low price so that the bid failed, he would be forced to reduce his holding to below 30%. He may also not be in a position to make a bid, in which case he would need to reduce his holding below 30%. He would only be able to retain his holding if there was a waiver.

Do you want Martin to control more than 30% of the votes? What if it became 40%? The 30% ruling exists because it becomes increasingly difficult to out-vote a dominant shareholder and so they gain effective control without having to own more than 50% and without having to launch a bid.

Generally, dominant shareholders will give commitments of their own when waivers are granted e.g. not to vote more than 30% of the voting shares. IMV, so long as commitments of this nature are granted, shareholders will be happy to provide a waiver.

[sea7] 12/4/2024 16:21

LT- that depends on the price. Normally it is the highest price paid by the offeror in the last 12 months, but martins purchases are over 12 months- if he is only obligated to offer the highest price he paid, which is below the current price -then it will be a resounding yes to waive the requirement.

[lowtrawler] 12/4/2024 16:10

sea7, as I said in my post "Shareholders can waive the requirement". However, would shareholders vote for this?

[sea7] 12/4/2024 15:34

if martins holding goes over 30% on a buyback, the company can ask independent shareholders to waive the obligation under rule 9 to make a mandatory offer.

[michaelfenton] 12/4/2024 15:30

Not sure that Martin O would really want to reduce his holding?

[wigwammer] 12/4/2024 10:59

Interesting discussion on buybacks but realistically, it is likely that if/when cash is being generated from the TSF the shares will not be at 8p anymore, but materially above that level. So until we know the price of the shares at that time, it is difficult to conclude whether a buyback is the best option or not. Fingers crossed we will all be looking to sell our shares at that time, or a decent number of them, at 20p+! ATB

[lowtrawler] 12/4/2024 10:30

dinky00, I had always thought the 30% rule for forcing a bid was measured against the shares entitled to vote. As treasury shares are not entitled to vote, it wouldn't avoid the compulsory bid being triggered. Happy to be corrected if wrong.

AFAIK, there are 2 ways to overcome the compulsory bid. 1. Shareholders can waive the requirement. 2. Martin could reduce his holding to keep his ownership under 30%.

[wigwammer] 12/4/2024 09:43

That's a fair point kb, but I was really referring to the TSF. The gearing there is fantastic - each $100 rise in gold adding around $5m to the value of the project. There must come a point where the returns are so material that any red tape or cost obstruction can be overcome by monetary compensation. I don't mean underhand dealings, I just mean that GDP share out a larger proportion of a vastly larger pot to get what they want, and everyone wins.. ATB