Goldplat Share Discussion Threads

[sea7] 07/2/2017 13:48

vsa state that the elution column will provide an additional 3k oz capacity in ghana and they should be looking at 11k oz for 2017 anyway, which they feel is conservative.

He is hoping that the can announce something to do with South America in a month or so.

[russman] 07/2/2017 11:42

What are GDPs prevailing capital market conditions.

[russman] 07/2/2017 11:40

Prevailing capital market conditions.Cash is tied up in containers sitting in containers, shuffling to Aurubis or Brazil, unpaid RR invoices.

[kimboy2] 07/2/2017 10:41

Our leader speaks on Directorstalk. ADVFN doesn't like the link thoug.

Says he expects an announcement on the stock dam pit in the short term, so it looks as though they have reached an agreement.

Interims last week of Feb.

[kimboy2] 07/2/2017 10:11

Why is it poor management?

[baronet] 07/2/2017 10:10

decent assets + poor management = Takeover Bid in my book !!!
What could one assume to be a take out price ?

[kimboy2] 07/2/2017 09:42

Interview with VSA:



"Forecasts of £3m EBITDA for 2017 and that implies the stock is trading on 2.7 X 2017 EBITDA which is about half its long term average. So with all this positive news coming out combined with a low valuation makes the stock look really attractive."

[danielmiller1] 07/2/2017 08:01

The only drag has been Shjt poor management.

I see the only reasoning that STUPID 7 can put forward is nursing losses despite him being told I sold at a small gain.

Stupid 7 is so thick. I stated this would go to 4 p having done so why would I want to hold..........just to watch them fall was predicted.

The amount of sells yesterday just about sums it all up.

But the Botboy and his STUPID mate will no doubt keep on ramping

[kimboy2] 07/2/2017 07:50

Stage 3 will be relatively cheap to complete as they already have the mill to be assembled and the crusher. It really only depends on if they have sufficient material to supply it. Perhaps they do have a full time bloke sourcing in Kenya.

Once they have done stage 3 they will have a milling capacity of 400tpd. They will be limited by constraints in other areas. They can then have a series of marginal improvements to increase output.

[neiljoepeg] 06/2/2017 17:50

Surprised not more buys on this news even if it was already predicted months ago. This has been such a drag for years on the group overall.

[wigwammer] 06/2/2017 16:46

"ROCE at Kili to date."Backwards thinking.Why he suggested selling at 2p.Implied valuation of kili within GDP valuation = neg. With a positive ROCE going forward perhaps the valuation contribution from kili will now turn positive - for the first time in GDP's history.

[sea7] 06/2/2017 16:28

I would not be surprised to hear that, as stage 2 is nearing completion and commissioning, that the elution plant in ghana will move to centre stage.

[kimboy2] 06/2/2017 16:23

Well I reckon today's announcement adds £0.5m pa to profits immediately, or about 0.3p to EPS. The shares have gone up about 0.5p or so.

There is at least a further £0.5m to profits to come during April from stage 2.

The fact is that GDP is off the radar which is to the advantage of those who want to buy and can be bothered to look, but frustrating to those who are already invested.

GDP is going to create a decent cash flow for GDP so I am expecting further announcements of investments in the interims. There is the Ghana elution column for a start, which will add another £1m to profits. I can't see why that can't go ahead now with that.

Each investment will add incrementally and eventually the rating will rise to reflect the position of the company, hopefully.

[ironstorm] 06/2/2017 14:45

Well I reckon that confirmation of a good result will show how the business has changed in the last 12 months. That will start the re-rate.

The good news here is all accretive - plus the existing business should do a bit more. Which will start to show half way through the year.

News on the Rand dispute will also help. I think that is factored in at a 100% loss at the moment. I think this dispute is still weighing heavily and I think they need to focus and clear it.

[sea7] 06/2/2017 14:32

POG,

I agree, on the back of the news itself, it will not propel the stock to 10p, however, once we get further along and figures start coming in, then 10p should be a more realistic prospect.

[sea7] 06/2/2017 14:17

It is kb, The fact that there is good news today on a long running, loss making project, which was the failings of the previous CEO, the likes of miller and russman are still pouring scorn on it, which proves beyond a shadow of doubt that they both are nursing losses and cannot bear to see things improving without them.

[camerongd53] 06/2/2017 14:16

Glad to see that the Kili project is progressing and hopefully will be profitable and justify me holding onto shares. I originally bought at about 16p and have bought more and now have a average cost of 7p. If the profits come through as anticipated, I will hopefully be in profit soon after many years (btw I bought Gama Aviation @ 130p in Oct - pity I didn't buy more as up 60%)

Two things that are missing from the update are
1. Production details for period to 31 December and
2. Date for accounts to 31 December - last year they were issued in mid February so they could be any time now. The Kili project could have diverted resources so these may be a bit later this year

[russman] 06/2/2017 14:09

ROCE at Kili to date.

[russman] 06/2/2017 14:07

Due to prevailing capital market conditions.

[pog1234] 06/2/2017 13:58

This piece of news is good, but it is nowhere near enough to take the share price to 10p.. IMVHO! For that to happen I think we need some solid figures delivered....

[kimboy2] 06/2/2017 12:41

Yes a difficult day to be a troll.

[danielmiller1] 06/2/2017 12:18

WELL IT WILL MAKE A CHANGE...BUT BEST LET TIME TELL THEY HAVE BEEN MISERABLE FAILURES TO DATE.