Goldplat Share Discussion Threads

[shareholder7] 30/12/2016 12:15

Thanks for this Sea great info11% of the company is outside of any trading, this I believe is Ian's stake can you confirm? I am sure he owns thisGood point DD I don't agree with Millers rudeness or views only on his point re management of GDP and being mislead

[kimboy2] 30/12/2016 12:14

Thanks for your thoughts shareholder.

I can understand why the long term people are holding but can't see why anyone new would buy into this share.

1. GDP is profitable and debt free. The PBT in Q1/17 was about £0.8m. The company is valued at £9m.

2. The South African company has always been profitable. Last year it produced a profit of £2.1m and in Q1/17 it produced £0.76m. GDP owns 76% of it.

3. There are large inventories of stock lying about. The only one we have had a measurement on is the stock dam which contains 82kozs. This will yield a profit twice the GDP market cap.

4. There are a number of projects to increase profitability. The first up is the CIL at Kili, which is online imminently, which will increase profits by about £1m.

5. Uniquely among mining stocks the cost of its feedstock reduces, or increases, with the price of gold.


As for RR I would point out one or two things. The majority of GDP's problems have been because of RR and the chaos and deceit that has emanated from it.

The fact is that GDP can now survive without RR. Every increase in elution capacity increases this insurance.

As for a trustworthiness contagion if they get the wrong result from the independent enquiry, I doubt it. RR employees have been nicking gold all over the place but has it affected RR's business?

As I have said before everyone connected with gold and GDP and RR will know what the dispute is about and are still trading with them.

In the end a difference of opinion makes a horse race and a market. We shall see what transpires.

[discodave4] 30/12/2016 11:30

Morning S7 & S7Shareholder, agree with you on most things, but sympathising with such a low life like Miller!, you clearly don't know what he's really like - try reading his posts on the UKIP thread, any sympathy should be for the OAP's he hoodwinked into investing here who lost all their money based on him conning them into thinking he knew what he was talking about!.As for the next GDP news, am holding until then and will more than likely sell up no matter what - Green is very good at PR but as yet it seems all talk, over promising and under delivering. Good luck and a very prosperous new year S7's.DD

[shareholder7] 30/12/2016 11:11

Thanks for your informative post Sea as per normal I met with Lamming and was really impressed and people tell me about the fall out he had with Brian at a shareholders meeting some time ago He came across as his own man and was very much for the "Profit not Gold" slogan I think if you check Russell sold out at a loss The key person in GDP is Ian with 11 percent and apparently founder Ian has proved that he is no CEO and has questions over his capability as FD imoGDP don't take any direction form shareholders as they would have sold or got rid of Kili some time ago leaving them to focus on gold recovery which is why most of us invested in GDPInvesting in GDP is like a game of poker we have now got 4 cards and can still win the pot but the next card (RNS) is going to either brake the hand or sucker people in more I can understand why the long term people are holding but can't see why anyone new would buy into this shareHave you any doubts over the management of this company Sea ? RR is the smoking gun

[shareholder7] 30/12/2016 10:16

Sea I think I can sympathise with Miller although he should not be rude to us that post on this boardI have now sold out after taking a loss and you become angry at the company for letting you down Green is no better than all the others that have gone by, in fact Lamming comes out on top as one of the best. He saw the hopelessness of this company and jumped selling out at 7p before the Big Crunch The management and direction of GDP is terrible, Lamming wanted to close Kili but Ian stopped him imoEven if this share fell back to 2p I would not be a buyer until proper management is in place Looks a Green's record, all failed companies but he is a great front manYou can talk numbers and forecasts all day long but Hansie screwed up the RR contact and Green is hell bent on Kili If they where so confident then why are they not buying GDP shares The next announcement will be key but as usual it will be a mixture of good and bad news coving up the smoking gun

[sea7] 30/12/2016 08:15

I gave up speaking with miller kb and have him on filter. He continually tries to give the impression that he has even the slightest clue about the subject at hand, yet fails miserably with every post he makes.

I can not take the view of someone who claims to be right, yet openly admits to buying at the all time high and prices marginally below it and lost big time, seriously. This simply being due to his own investing mistakes, which he cannot admit, even to himself.

Miller is not an investor or trader, that much is self evident by his/her posts and is rightly being ignored for the troll he/she is.

[kimboy2] 29/12/2016 18:25

Indeed. The first one up is the Kili CIL. The contracts have been promised for ages. I think the contracts have been agreed and the delay is getting government's approval for taking gold out of the country.

I don't think we will get an RNS on the TSF testing. The next one on this will be an all systems are go one.

As for RR who knows. Sometime in the next 6 months was suggested. Can't imagine why it takes so long.

[danielmiller1] 29/12/2016 18:19

I guess from what I can see that Rand will make rubbish out of GDP so that should be the equalisers as to what is in the containers.

[discodave4] 29/12/2016 17:53

Should be hearing about a few things that they said should have been completed during Q2 (TSF testing, SA contracts, etc.), as well as getting some sort of update on the RR investigations (I know!)......so hopefully news mid Jan.DD

[kimboy2] 29/12/2016 17:21

Hopefully we should be hearing about this pit for the stock dam soon. I notice it is only about 400m from the stock dam and can be accessed from internal roads.

I would imagine it is substanially cheaper and I can see why they are holding out for it.

[kimboy2] 29/12/2016 12:56

There is nothing in the courts but there is something in the containers.

[danielmiller1] 29/12/2016 12:51

yes but surely for the moment its all about whats in the courts not in the containers

[kimboy2] 29/12/2016 12:19

If you ever read the sensible thread you will know what is in the containers and their value.

[russman] 29/12/2016 12:05

A number of containers could mean anything.It must be significant or why mention it.

[kimboy2] 29/12/2016 11:30

I think it will be more expensive once they announce that the Kili CIL is up and running in the New Year.

[danielmiller1] 29/12/2016 11:15

should have waited it will be cheaperby weekend.

[nw99] 29/12/2016 08:52

Added 50k signs gold is bottoming

[danielmiller1] 28/12/2016 18:15

lolololol dropped to 5/5.25 on the last trade ...2p on the way.

[shareholder7] 28/12/2016 13:02

Brian offloading a few more shares to pay for his wine over the Christmas period ?

[danielmiller1] 27/12/2016 12:24

With all the problems and just silly talk from Gilbert green and a real dummy on the fionanes I just see this tanking badly in 17

Never mind chaps enjoy the run up to the new year before reality hits home.

[danielmiller1] 27/12/2016 11:42

DOWN A TAD MORE I SEE lololololo happy new year it can only get worse for you guys in 17.

[danielmiller1] 26/12/2016 14:23

Desperation posting here.

Green was only just boasting he did not need to,raise money as he reckoned GDP would be generating enough internally, he seems a bit unstable but then?......

However the Botboy seems to think cash is desperately needed

sea724 Dec '16 - 10:28 - 3217 of 3219 0 0
I am only expecting the CIL plant to be confirmed as operational in kili, with the losses having been removed as planned in the short term.

After that, south american contracts, crushing section kili, stock dam and elution column in ghana. Preferably in that order.


Kimboy226 Dec '16 - 12:07 - 3218 of 3219 0 0
Well I hope you are all getting to the end of the turkey. Let us hope for a prosperous New Year with GDP.

God willing we should be getting an RNS imminently to say the CIL at Kili is up and running which will start the year with some good news.

As we know GDP is capital constrained at the moment in so far as it has more attractive projects than cash immediately available to do them. The name of the game is to produce cash flow to fund them.

And I agree with you Bot also,it's going to be a hard and difficult year for GDP this COMING YEAR AND IF THEY LOSE THE rand CASE....AN ABSOLUTE DISASTER

[sea7] 26/12/2016 12:40

Thanks for the views KB, good luck to you also.