Goldplat Share Discussion Threads

[michaelfenton] 09/11/2016 07:04

kimboy2 - yes if we are entirely selfish that is the only grain of satisfaction we can gain from the stupidity of people?

[kimboy2] 09/11/2016 06:33

Well, well well. I would expect that the vulgar idiot getting elected will be good for gold.

[csmwssk12hu] 09/11/2016 04:59

Think these may move sharply today

[csmwssk12hu] 09/11/2016 00:07

anybody know when next update here?

[russman] 07/11/2016 12:06

Plough another mill into the furrow called Kili.IRR @ Kili is a big minus.

[michaelfenton] 07/11/2016 07:30

At the current share price it is not surprising that stakebuilding is taking place.

[nw99] 07/11/2016 07:08

Nice stake building

[kimboy2] 07/11/2016 07:06

I notice our good comrade Martin Ooi has bought 1.6m since we last heard from him.

[csmwssk12hu] 06/11/2016 00:26

Edging up again preparing for next leg up

[sea7] 02/11/2016 19:50

No problem DD.

[discodave4] 02/11/2016 18:26

Thanks KB & S7.Appreciate your slant on things. May be positively biased compared to what I think, but still valuable. We will have to see I suppose!.Perhaps 6p Christmas was over optimistic?.DD

[sea7] 02/11/2016 16:13

Yep, not good report.

[kimboy2] 02/11/2016 16:12

A bit of a bum report on Zuma's corruption has sent rand gold up a bit today.

[sea7] 02/11/2016 14:34

DD,

Kimboy has covered the positives, however, there is a bit of selling pressure across markets as people take profits and move out of equities and into safe havens such as bullion and cash. This is directly related to US elections and not much else at this time.

Also, specifically to goldplat, it does have a few things hanging over it, which is keeping a damper on any price rises.

These are...

Rand Refinery issue.

Kenyan revenue authority tax investigation into the tax affairs of the kilimapesa operation, ongoing - satisfactory progress made resolving issues raised in preliminary inquiry, however, final outcome and any amounts unknown.

Kili still loss making - plan yet to deliver, won't know until towards end Q3
if work done, is on time and delivering as expected.

Gold licences still yet to be renewed in Ghana - temporary one in force at the moment. Taking longer than expected.

Tailings storage facility taking longer than expected. Elution columns two and three still some way off being installed.

Rand/Gold price is down from around ZAR20000 per oz in july to zar17388 today.

Dollar/Rand exchange is down from around ZAR14.2 per dollar in October to ZAR13.39 today.

Gerard wants to bolster the balance sheet at some point. Options are being considered. share issuance not at the top of the list as share price is too low.

Next update on numbers end Jan.

and finally sentiment to goldplat...

Unfortunately Goldplat has, over the last few years managed to slip up on every banana skin it could find and the trust is still being rebuilt. Whilst things are much better than they were, there are still the matters listed above to be resolved, budgeted against and worked on. The BOD need to deliver further before the wider market starts to really place faith in goldplats management team again, even if most of those responsible have gone.

That's the negatives that I see, as a reason for goldplat dropping and no buying pressure.

[kimboy2] 02/11/2016 13:59

I don't think that the gold price will drive GDP. Gold has fallen back quite a bit in rand terms in the last few weeks with no discernible effect.

The share price will rise on news. I would expect the first news will be these contracts from South America which will hopefully be in a separate RNS. I notice from the VSA report that Ghana is expected to produce 11kozs this year, about double last years. Presumably quite a bit of this material will be coming from abroad.

In Q1/17 Ghana was well ahead of the 11kozs rate.

Next on the list after that is the CIL at Kili. I notice that VSA are forecasting a 2kozs effect of this in H2/17. This is from a slow start porcessing some relatively poor quality material they have got lying about.

I am expecting 7kozs when up to speed which will put Kili near the 10kozs mark if they can keep the orginal plant going.

[discodave4] 02/11/2016 13:16

Gold up, GDP drifting back down.DD

[sea7] 01/11/2016 12:51

Its not about simply believing it, this is the "forecast" plan for the year ahead.
As with everything, all is subject to change.

[russman] 01/11/2016 12:42

I would not believe everything you are fed on ppt.Handbags with RR.Kili........Stock dam........South America....Platinum.........Just need to deliver.

[sea7] 31/10/2016 11:28

russman,

the link to the presentation...



Relevant section is on page 10.

Page 9 is missing, either in error or on purpose.

[russman] 31/10/2016 11:22

Which one. They are Jackanory.

[kimboy2] 30/10/2016 21:29

How much is you cf forecast and have you looked at the presentation ?

[discodave4] 30/10/2016 18:34

Apologies KB2, no offence intended, didn't mean it to come across as perhaps it does! :)DD

[discodave4] 30/10/2016 17:52

OK KB2, don't really understand your point but if it pleases:If it's worth 6p at £1.48m pbt then low teens (not mid teens) if everything goes to plan and it's all ticketyboo.Dec 6pMarch 7pJune 12p maxDD

[kimboy2] 30/10/2016 16:36

Yes that's rightbut that includes 100% of all the subsidiaries whereas GDP only has 76% of South Africa.

Underneath the pbt figure you will see profit/loss attributable to owners of the company.

Included in that figure is also the finance income. If you look in the AR you will see the vast majority is 'Foreign Exchange gains'.

The finance incpme foreign exchange figure is the result of +/- of foreign exchange movements on their holdings of cash and gold. I suppose it is a real effect but it is just pretty random and doesn't reflect the underlying business.

Similarly the 'exchange translation' is the translation of the net asset value of GDP into pounds. Clearly again this is a real effect if you were selling the business but it is random and does not reflect the trading operation of the business.

That is why I tend to ignore it. All I am interested in is how they are going to do in the future, and the exchange +/- add no infomation in that calculation