Goldplat Share Discussion Threads

[sea7] 31/12/2016 13:03

Likewise DD, happy new year to you and all others on this board.

[sea7] 31/12/2016 12:53

shareholder,

I would say that the 7.97% held by fitel, (which comprises the remainder of the original holdings by the trusts that were issued 79million shares at listing) and the 2.06% held by Brian make up 10.03% of the 11.58% of shares not in public hands.

The other 1.55% I have not been able to pin down, although its fair to say it could be small holdings by brokers/promoters and others in the goldplat organisation which are not directors and not subject to disclosure requirements.

These are the people who hold the 7.97% of stock on behalf of others, who are not directors of goldplat.



From their brochure...

The use of companies, either stand-alone or as an integral part of more complex structures, provides many planning and risk-mitigating opportunities. Artemis provides full company incorporation, administration, provision of corporate or personal directors, company secretary, registered office, nominee shareholding facilities and accountancy services.

..........

They are an above board organisation and unless you are on the inside, you will not know the identities of their clients. Had Ian Visagie or any other officer of Goldplat had shares anonymously in one of Artemis's trusts then they would have declared this through the normal official channels.

They pride theirselves on confidentiality not illegality. They would not knowingly "hide" the beneficial interest of a director of Goldplat, which would be in direct contravention of the Disclosure and Transparency rules for AIM companies.

[sea7] 31/12/2016 12:05

Shareholder,

Ian Visagie and Demetri took over control of Goldplat Recovery from the sole shareholder. At listing Goldplat recovery was purchased by Gold Mineral Resources.

Ian only held a share of Goldplat recovery, south africa with demetri holding the rest.

This was sold to Gold Mineral resources, which is the guernsey registered holding company of the listed Goldplat plc uk. Ian does not hold any shares in Goldplat Plc and does not have any ownership of Goldplat recovery south africa anymore.

Gold mineral resources was held by Artemis Trustees Limited as trustees for Perseus Settlement, Artemis Trustees Limited as trustees for the Kilo Trust and Artemis Trustees Limited as trustees for the Aqualeo Trust, they were issued 79 million shares at listing in addition to the £500k cash raised at IPO.
The £500k was used to buy Goldplat Recovery SA.

Ian does not have any beneficial share ownership, directly or indirectly in goldplat plc or any of its subsidiaries since pre-listing in July 2006.

shares not in public hands can mean locked-in stock held by promoters, company officers, controlling-interest investors, or government and corporate cross holdings.

Whilst Brian is no longer a company officer he holds or held over 2% of the company and this was included in that 11.58% figure. Please note that the page is out of date, as the holding for Nick Gommersall is still there and he holds below 3%.

[discodave4] 31/12/2016 11:55

Happy New Year everyone...........let's hope it's very healthy and prosperous year too.DD

[danielmiller1] 31/12/2016 02:31

Lolololololololololol oh dear like lambs to the slaughter lololololololo

and with money to burn as well lololool

nw9930 Dec '16 - 19:34 - 3224 of 3225 0 0
I bought 100k at just under 5.50 yesterday .

[kimboy2] 30/12/2016 21:52

On another subject has anyone any views on the 5% Ghana royalty;

Under the terms of the licence, GRG will pay a royalty to the Ghanaian Government of 5% on all minerals obtained from its operations.

They were due to be paying 8% corporation tax. Perhaps it works out the same.

[nw99] 30/12/2016 19:34

I bought 100k at just under 5.50 yesterday .

[dinky00] 30/12/2016 16:57

I couldn't even get a price to buy 50,000 today. The current offer price doesn't reflect the true state of the market. I would buy 500,000 if I could

[shareholder7] 30/12/2016 12:59

As per web site Percentage issued share capital not in public hands: 11.58%

[kimboy2] 30/12/2016 12:37

Hi DD
Well the most serious problems have been the result of RR being unable to process GDP's concentrate. GDP were the customer and RR let them down.

There have been other problems - Kili and the fall in the price of gold. However it is RR's failings which proved the most serious in so far as it killed cash flow and created problems with GDP's customers who weren't getting their material processed.

As for everyone knowing the issues it is speculation. However some of GDP's largest customers are also the shareholders in RR so they would be able to ring up to find out if they were interested.

The basis of the dispute will be known. The actual facts are to be determined.

[discodave4] 30/12/2016 12:25

KB2Don't know how you can post up that most of GDP's problems have been due to RR!, no offence but absolute rubbish, the faults/issues are due to GDP management pure and simple, blaming one of their major customer/s is ridiculous IMO.Again KB2 you speculate that everyone knows what the issues are with RR and customers/clients are still doing business with GDP - you know this for a fact?. If everyone knows why is there an independent enquiry?, why don't shareholders know?, why is it dragging on and on?.Let's see what the next news looks like rather than guessing.DD

[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