Goldplat Share Discussion Threads

[sea7] 21/12/2016 11:33

Some material goes from Ghana to South Africa to be eluted, then onto rands one to three day bullion service.

The decision on where batches are sent is dependent on what else is being processed and where.

[russman] 21/12/2016 11:26

Ghana to Aurubis or RR.

[michaelfenton] 21/12/2016 05:35

sea7 is right there is most unlikely to be any news or updaye until well into January and possibly late January for the ops update.

[danielmiller1] 20/12/2016 21:42

Lololololololololol you mugs are sureLy making this up. May 2000.

You may as well have gone around the local fish chip shops for a new NEC chair not a failed music shop owner whose company On the 30 October 2000 the company was placed into creditors voluntary liquidation; the liquidation was concluded and the company struck off on 6 December 2007. The statement of affairs prepared on 30 October 2000 showed an estimated deficiency as regards creditors of approximately £10.9 million, of which approximately £10.4m were intra-group creditors.

Well at least he follows in the Mortitz tradition of stitch 'em up and bust 'em.

Do you mugs seriously expect GDP to go anywhere with the quality of management. I wager Mr Market will not be amused.

But Dan is Lololololololololololololololol it's all one disaster after another to try and get a simple recycling process to make a few bucks.

Lolololololololol

[sea7] 20/12/2016 21:21

With the stock markets closing at 1230pm on 23rd and not re-opening until the 28th December, closing at 12.30pm on the 30th and then not opening again until the 3rd January, I think it unlikely that we will see anything until the new year.

We have 5 trading days between now and January 3rd.

I doubt Gerard and Co. will even put in an appearance at the office from Friday until the new year. Goldplat might run 24/7 all year round, but management and office staff don't.

[kimboy2] 20/12/2016 21:02

I suppose they will announce something if it happens but now is never a very good time to announce anything as everybody is apparently away, or at least the city slickers are away.

I remember Robert Maxwell used to announce results between Christmas and the New Year, which tells you something.

On the other hand if they do announce something significant it can be an opportunity.

[sea7] 20/12/2016 20:53

I am not expecting an update until they get confirmation of the 1st stage production milling completed, coupled with a much more accurate timeframe for the crushing section, which has been slated as late Q317

In other words, early to mid january.

I see our new NEC isn't giving much away..



Just describes himself as a corporate financier

[discodave4] 20/12/2016 20:27

Yep.MM's opened it up and there she stayed all day!.Any thoughts on when/if an update will come in the next couple of weeks?DD

[sea7] 20/12/2016 19:42

Hardly any volume at all DD.

£3089 buys
£3900 sells.

Sector is out of favour again, gold in dollars and rand is lower. Stock held its rise, only just, even if the news was expected at some point.

[discodave4] 20/12/2016 19:18

Yet more positive news and more sells than buys - RR!.DD

[danielmiller1] 20/12/2016 15:44

make some real money with no sweat.


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Celebrating the Island's Automotive Love Affair
Author: Tom Cotter
Photographer: Bill Warner
Foreword by: Stirling Moss
Format: Hardcover Book , 192 Pages
ISBN: 9780760350263
Publisher: Motorbooks

[sea7] 20/12/2016 13:24

I think they use it as a cushion. Goldplat does take some risks on the actual gold content of feedstock, by purchasing it outright on the basis of an assayed sample.

As some suppliers of feedstock want paying in gold, then having an inventory of saleable bullion on hand, allows goldplat to purchase this material and pay in gold up front at what might be a better deal, than paying in gold recovered and also can give the company the edge in competing for any material, with an offer of upfront payment in gold.

Only IMO, not based on anything I have heard.

[kimboy2] 20/12/2016 12:59

I never did really understand the inventory build up. There seems to be a lot of cash tied up there which could be used elsewhere if something can be done.

Perhaps the elution columns will be self financing by reducing the inventory.

[danielmiller1] 20/12/2016 12:28

remember this post if they come a'knocking for more cash.

ALO GREEN SAYS Kili HAS POTENTIAL. DAN ALWAYS KNEW THAT AND WAS THE ONLY ONE HERE TO SAY SO AND KEEP ON SAYING SO. Despite the insane denials of Kimboy and Stupid 7
LOLOLOLOLOLOLOLOLOLOLOLOLOLOLOL



Goldplat PLC (LON:GDP) chief executive Gerard Kisbey-Green says the firm can still make money even if gold prices don’t hold their current highs.

The gold price has risen dramatically in 2016 with some predicting that it will go higher yet, although Kisbey-Green reassures investors that Goldplat is well-equipped to make money even if it drops.

“We don’t need it to stay where it is. At the beginning of the year [the price] was a lot lower than it is now, and we were making money,” he says.

“It’d be very nice if it stays where it is because it allows us to finance our projects internally.”

Kisbey Green tells Proactive that he is most excited about the Kilimapesa mine, which he says has “potentialR21;.

The company is also assessing its options when it comes to the future of the mine, with Kisbey-Green refusing to rule out the possibility of bringing a joint venture partner.

“We want to get it profitable and then we’ll where we go from there, whether that’s bringing in a partner, which we’ve spoken about quite a lot.”

[kimboy2] 20/12/2016 12:25

2016 2015 2014 2013 2012 2011Gold in hand 6.12m 6.11m 3.11m 1.75m 0.91m 1.81m



This will be on a cost basis rather than a potential revenue basis.

[sea7] 20/12/2016 11:49

Even Kilimapesa shows 260 oz of unsold inventory to end september 2016 from 1 july 2013.

GPL SA has 2212 ozs unsold as at end september.

This gives us 6779 ozs unsold across the group to end september.

At todays prices, thats around £5.3m

[sea7] 20/12/2016 11:41

duplicated.

[russman] 20/12/2016 11:41

Appears to be containers of "concentrate" awaiting Customs clearance @ GRG.Shall we have a guess where it is now going.

[sea7] 20/12/2016 11:37

From 1 july 2013 to 30 june 2016 ghana produced 26733 oz gold and sold 24165 oz, leaving a balance of 2568 oz unsold.

To end september 2016 we had 3088 oz produced and 1349 oz sold, leaving the balance of
1739 oz.

Adding the 1739 oz to the existing balance of 2568 oz gives us an unsold inventory in Ghana of 4307 oz

Then as Kb has pointed out, we have almost another three months of production to add.
As there has been a backlog of material built up, whilst awaiting the Gold licence, then we could be looking at around 7500 ozs of as yet unrealised profits at the ghana plant.

[russman] 20/12/2016 11:36

It appears that there are stockpiles of artisan tailings @ Kili. Forget the mine.

[kimboy2] 20/12/2016 11:08

From the last operational update on Ghana
GRG produced an operational profit of approximately GBP305k from production of 3,088 ounces of gold and gold equivalents, with 1,349 ounces of gold being sold for own account during the Quarter.

Presumably this 1700ozs, plus whatever has been since then can now go off to Benoni or Aurubis.

I wonder if this hold up has restricted output at Ghana which did very well in Q1/17

[sea7] 20/12/2016 10:01

under capex for 2016 at the benoni plant they stated that £172,000 was classified as "other"

We can see that this breaks down to..

£32.5k upgrading capacity in the tailings circuit
£24k on a mist spray system to improve conditions in the by product processing plant.
£34k on a weighbridge
£80k on production vehicles.

Total £170.5k

Ghana was as indicated in the presentation.

Kili shows £95k classified as other.

This was spent on the gold plant, in addition to the £355k spent on the new plant.

[kimboy2] 20/12/2016 09:41

The only constraint is cash. The present year's cash flow of about £1.5 - £2m is going on Kili. This should be complete in March.

For next year there is obviously this Ghana elution column but also the stock dam hopefully. I don't think the stock dam will require a lot of investment to get into production.

Also once we get past March Kili should be making a positive contribution to cash flow, which will help.

If all that gets done perhaps they could self fund phase two of Kili in 2018.

[sea7] 20/12/2016 09:40

They have cut and pasted the previous video on to this coverage.

[sea7] 20/12/2016 09:30

As the elution plant must be in ghana by 30 june 2017, then we can be fairly sure that the £18k is for prep work for the site area in tema and shipping costs.

The bulk of the expenditure will be post, june 2017, by which time phase one in kili will be complete and fully operational and we should be seeing some movement on the TSF project.

We will be looking closer to 2019/2020 before we see that third elution column being installed. It is meant to be in benoni, however, that could change.