Goldplat Share Discussion Threads

[danielmiller1] 10/2/2017 07:27

Stupid 1 you can rant/ramp all you want and VSA can huff and puff 'till they are blue in the face!

After the appallingly deceptive record of GDP there is no sufficient market/shareholder confidence in the dawg.

Green appears to be whimsically unstable over many issues, thus the share price is constantly under downward pressure.

And of course there is still the little matters of Rand and the Kenyan Revenue Authorities?

[nw99] 09/2/2017 15:44

I see now 5.90 paid earlier

[nw99] 09/2/2017 15:43

5.75 buyers

[kimboy2] 09/2/2017 11:43

Rather than sulking why not produce counter arguments to what I have said. I have only produced a counter to what you have said. I have not said what you said was irrelevant.

IMV that is how these boards should operate.

[shareholder7] 09/2/2017 11:35

Silly me Kimboy none of my issues were relevant after all

[kimboy2] 09/2/2017 11:24

1. I don't think that there is a lack of trust over present management
2. Kili tax minor issue
3. They negotiate deals every week. One went partly wrong and may not be GDP's fault
3a. Solution is in own elution which is continuing to be developed
4. Said may have a fund raise at 10p+
5. As the other companies are making profits will be able to use tax losses
6. Yes they can use SA money, and have.

[kimboy2] 09/2/2017 11:16

The research note from 26th Sept is on the website

[sea7] 09/2/2017 10:55

The interview by Directorstalk and Goldplat is available for you to listen to as well.

[sea7] 09/2/2017 10:54

VSA and directorstalk Q and A...

Q4: So, all in all, quite a bit of positive news from Goldplat plc?

A4: Yes, absolutely, and it still looks very cheap. I think on the current earnings, our forecasts for about £3 million worth of EBITDA for 2017 and so that implies that the stock is trading on a multiple of 2.7 times EV/EBITDA which is about half of its long-term average. So, with all this positive news coming out, that combined with such a low valuation I think makes the stock look really attractive.

[russman] 09/2/2017 10:52

Did GDP f/cast £3m ebitda for 2017 in that interview.

[sea7] 09/2/2017 10:37

Depends whether Gerard wants to risk discussing a negative on an occasion of positivity and progress.

[kimboy2] 09/2/2017 10:03

The minister is there next week so perhaps they can have a chat about it.

[sea7] 09/2/2017 09:55

Yep, true DD,

Gerard will need to put some meat on the bones in the form of numbers before we see much of an effect in the share price off the back of the kili announcement.

On the other side of things, there is still an ongoing investigation by the Kenyan Revenue Authority into the tax affairs at kilimapesa gold and may lead to an additional one off liability for previous years. This in my view will be hanging over the stock until it is resolved.

[kimboy2] 09/2/2017 09:48

I think we are agreeing to disagree on that. It wouldn't surprise me if we get a single line in the interims saying that the dispute has been resolved. No idea why it has taken so long, but in neither companies interests to dwell on it.

[discodave4] 09/2/2017 09:34

Good to see some positive news on Kili.That said the bid is only where it was about 3 weeks ago.IMO this isn't going to budge much at all until they update on RR.No amount of positive news has done anything for over 7 months now, wonder why?.DD

[kimboy2] 09/2/2017 09:31

Gerard was a mining analyst for years so he knows the importance of managing so called market expectations and being able to say you have met them, or better.

What GDP needs to do is to churn out profits consistently. I am expecting Q2/17 to be down on Q1 because of the lower gold prices but to rise in H2/17.

With the stock dam looking as though it may be coming on line in the short term and an alution column in Ghana I think that GDP will begin to move out of the nanocap arena.

If GDP can get itself into a position that it can produce £4-5m cash flow pa then it would be in a position to take on projects such as Matala or the Migori licenses. This would be transformational overnight for GDP.

I think that they are fairly determined to do a £4-5m fund raising once the share price gets over 10p. I am not certain what they would spend it on though as phase 2 of Kili seems to be on the back burner till stage 3 has proven itself sustainable.

[sea7] 09/2/2017 09:27

MF,

Yep upon confirmation of the continued positive trend in earnings, the share price will respond and as you say the present management will eventually regain the trust.

[michaelfenton] 09/2/2017 09:09

sea7 - you are right. gerard being conservative and delivering is essential to restore trust in GDP. share price should be higher but is not and until we get some decent confirmatory figures it will lag. Present management will eventually regain that trust.

[sea7] 09/2/2017 08:26

Yep, that is the level I expected it to be at as well.

IMV it is far more preferable to have Gerard be conservative with his performance expectations, rather than be like some others, who make wild outlandish claims of what they will do and then fail miserably time and time again.

Giving a more conservative opinion will give the market a much stronger opinion of the company as it will be seen to be reliably hitting those conservative targets.

[kimboy2] 08/2/2017 21:50

Yes they overdelivered on the CIL as far as I was concerned. I was expecting an 80tpd CIL as was in Ghana but they have clearly expanded from that to 120tpd.

If they can produce the projected 6,800ozs from stage 2 at an AISC of $900/oz then they will make a profit of about £1.6m. Quite a turnaround from a £0.624m loss last year.

Then there is the potential of stage 3 at relatively little cost, if they can get the material to feed it.

[sea7] 08/2/2017 19:49

Gerard is under promising and aiming to over deliver.