Goldplat Share Discussion Threads

[kimboy2] 19/9/2016 11:42

A week to go till the finals, which will be quite interesting.

The first thing is how well precisley did SA do in Q4/16 and is it sustainable. I reckon it made an operating profit around £1.5m from 11kozs produced.Still don't really understand how production went up from 4.8kozs to 11.

Perhaps a little bit surprising is that the apparent overnight doubling of capacity at the most profitable plant has had no effect on the share price

The cash flow looks fairly good in so far as they have been profitable and sold some 'gold in process' inventory. They have been spending on capex and may have increased their stocks of material. We will see.

Then there is plans going forward. The stock dam for a start, then whatever is happening in South America and Kili. There is also PGMs, which have been trialling forever. Perhaps even the Ghana tolling which may be part of the discussions at the moment.

There has been a bit of mention of fundraising, and it is implicit in today's RNS. The boss has stated that this won't be done at the prsent share price

The potential capex is perhaps;

Kili - £4m
Elution towers x 2 - £2m
Plant in South America - £5m?
Increase Ghana plant - £2m

If the share price was 20p, market cap £35m, then I don't see a problem with raising £5m to build a plant in South America.

If we are selling paper on a p/e of 8 to build a plant on a p/e of 2 then that is good business.

[sea7] 19/9/2016 07:53

New non exec chair rns.

[kimboy2] 15/9/2016 23:30

re the current payables I presume that the metal transfer to clients of 9131ozs will reduce this.

South Africa produced 11,095ozs. The amount transferred is the 9,131ozs and the amount kept by them is 1964ozs.

However they sold 5,012ozs which is 3,048ozs more than they produced this quarter. This is the boost to GDP cash flow as it has come out of inventory.

[flyingswan] 15/9/2016 23:07

This may be of interest here:

Note the South American connection?

[wigwammer] 15/9/2016 21:15

I do not recall any announcement re partner either.Concerning the strong cash flow - will it not principally be used to reduce the £10m current payables line?

[michaelfenton] 15/9/2016 16:38

As usual Kimboy2 you have your finger on the button. 2017 should be interesting and hopefully fruitful.

[sea7] 15/9/2016 16:35

That does sound like a supply contract.

[kimboy2] 15/9/2016 16:21

In 6 months time "making money and developing a business in South America".

I presume that as the returns are so quick it must be a supply agreement for Ghana rather than setting up a new plant.

[sea7] 15/9/2016 16:05

Gerard says that it has been announced, regarding a south american partner and whilst I do recall him saying something around it, I can not find any recent comments in an rns.

Possibly mentioned it in one of the interviews he has done.

[kimboy2] 15/9/2016 15:47

"...about to sign an agreement with a partner" in South America. Has this been announced?

I would suspect that equity capital will be part shareholdings in a new plant in South America or Kili, rather than the main company.

Clearly things are moving.

[sea7] 15/9/2016 15:26

Gerard states in that interview that they could raise equity capital for the type of business that goldplat is in to, however, they do not want to at these equity valuations.

He feels that there is plenty of capital around for goldplats type of business, however, there is not much available when it comes to exploration.

Obviously they have considered it.

[sea7] 15/9/2016 15:18

tks sophiegb

[sophiegb] 15/9/2016 14:54

Proactive Investors is here:

[sea7] 15/9/2016 14:36

At the last set of finals, Brian stated that he would be staying on for upto another year. That year expires in six weeks. We have not heard anything about his successor yet either.

[sea7] 15/9/2016 12:04

The additional amount sold from inventory will as you say kb, bring forward some investments. The inventory sales, more than cover the revenue that is in dispute with rand, so this should not have any knock on effects now.

[kimboy2] 15/9/2016 10:33

I think Anumso is just a lottery ticket and probably not going to amount to much.

More interesting will be the results on the 26th. We already know the overall figures but the split between the plants and the amount of the cash pile will give better information for future projection. They will have virtually completed Q1/17 as well so will have information on that.

There should be an increase in cash, or perhaps more probably receivables, from the extra gold that was sold from inventories. The interesting point will be that this will bring forward quite a few investments.

If they are going to put an elution tower in Ghana then they are going to have to increase production there to justify it.

[sea7] 15/9/2016 07:54

rns

Ashanti earn in option agreement completed.


Ashanti has the right to terminate the agreement within six months and expenditure is at ashanti's sole discretion. If they do not terminate before mid march 2017, then they must spend $1.5 million on the project by march 2018 or pay the deficiency to goldplat.


Second option period of 12 months, after initial option period of 18 months, whereby another $1.5m must be spent to earn in, however, not reimbursable to goldplat for any deficiency.

[michaelfenton] 15/9/2016 06:57

I wonder who the unnamed partner is?

[flyingswan] 15/9/2016 06:21

Tailings mentioned a couple of times.

[johndee] 12/9/2016 12:00

CLP has come very good at last, fastest and biggest riser today.

[kimboy2] 11/9/2016 10:04

If it is mining and hauling then GDP is just tolling the material, presumably. Could this have been the CRND agreement, or is it something else.

This sounds more like GDP's stuff;
The company works with developers to ensure that mined areas are self-sustaining once projects are completed. For example, Ncamiso is currently working on the rehabilitation of an old reduction plant on a farm belonging to estate agency Markon Reality, in Springs. The project involves clearing out the tailings dams and removing contaminated waste so that the land can be developed for hydroponic fish farming.

[sea7] 09/9/2016 17:08

This article about a company called Ncamiso, is dated may 27-2 june 2016.

In it they state....

Ncamiso has successfully partnered with various companies across South Africa. For
example, in the Springs area, it mines and hauls gold-bearing material to Aim-listed gold recovery services company Goldplat’s processing facility in Benoni.



.........

Adds to our picture of goldplat, as I have not heard them mention ncamiso before.

[sea7] 07/9/2016 15:52

The new tailings deposition site was expected to be complete by end of may. We haven't heard anything on it since. The life span of this new site is 20 years.

[kimboy2] 07/9/2016 15:12

No real indication in the operational update why it couldn't have been published 2 months before.

I suspect that they were waiting for something, and my money would be on a permission to dump the tailings from the stock dam.

[flyingswan] 06/9/2016 18:31

Gold is on the move high at the moment. If we can achieve a breakout it must be good for Goldplats GDP bottom line?