Goldplat Share Discussion Threads

[danielmiller1] 13/2/2017 13:36

Botboy says an share price of 10 lolololololololollolololol
YET TODAY THE dawgie STUGGLES TO HANG ON TO 6
As it falls yet again.

Better that a Carry On Film is this lolololololololollolololol

[sea7] 12/2/2017 14:59

I am expecting to see some clarity over the tax affairs at kili and the rand refinery matter.

Confirmation that the backlogged material in Ghana has been cleared and will be reflected in H2 figures.

Elution column to be in Ghana before June this year.

[kimboy2] 12/2/2017 12:00

On the operating profit I think it may be around £1.2m, compared with £0.245m last year and £1.9m for the year forecast by VSA.

I would hope for;
1. Short timeline on Ghana elution
2. The pit secured for stock dam
3. Contracts with South America signed
4. RR resolved positively

It would be good to get some talk through the ambition of a 100kozs operation. It has been put on the website so I presume they want us to know.

An outside bet would be the acquisition of some sort of mining venture. My money is on Migori which offers the opportunity of cash from early development as well as potentially larger developments.

As for share price who knows. In the short term it is driven by sentiment, but in the long term by numbers. If my list 1 to 4 is in the report then I think we will be 10p by June.

That then would open up the possibility of, say, a £5m fundraise to fund some sort of mining. Perhaps that is getting ahead of ourselves though.

[sea7] 12/2/2017 10:31

I am interested to see what, if anything the new non exec chairman has to say in his first set of interim results, that he will be commenting on.

I do not think we have heard anything from him yet.

[michaelfenton] 12/2/2017 09:36

Kimboy2 - interims on 20th February I think? What are they likely to reveal and how will they effect the SP?

[sea7] 11/2/2017 18:10

I would be grateful if you would enlighten us russman, as to your reasoning behind your post 2271 please.

[russman] 11/2/2017 10:43

I suggest GDP should have released a trading update.Before Gerard put both feet in his mouth.

[kimboy2] 10/2/2017 18:51

We are aggressively looking for good projects that have an angle whereby we can procure them at a decent price

Wonder what 'angle' he is talking about.

[danielmiller1] 10/2/2017 15:09

Ya gotta give it to Gilbert GREEN HE MAY BE SHORT ON ACTION BUT MAN HE IS LONG WITH HIS DREAMS

Sea710 Feb '17 - 11:58 - 3590 of 3592 1 0
Mining indaba interview with Gerard..



Would like to be doing 100k oz in two three years time, 50k from recovery and 50k from primary mining

[danielmiller1] 10/2/2017 15:05

poor old boyboy spends his life ramping a dead horse that Dan put to sleep.

Now he has to come onto the KGLD BB, KGLD being a really good investment share, to try and ramp up GDP or deramp me....hard to tell which really seeing how pathetic he is.


lololololololololol

[kimboy2] 10/2/2017 13:11

One good thing is that if they are looking at 2 to 3 years they aren't going for some sort of exploration project, or at least not one without fairly immediate production.

[russman] 10/2/2017 12:59

So in all this PR.Has Gerard told shareholders anything they do not know already.

[kimboy2] 10/2/2017 12:36

I presume the plan is 30kozs in South Africa, 20kozs in Ghana, 10kozs from Kili and 40kozs from some unidentified mining activity.

The plan for the recovery and Kili are in place. The question is about the mine and how to finance it. I would suspect that there are plans afoot if Gerard mentioned it as he tends to be cautious.

My money would be on Migori. Perhaps we might find out after the minister has been.

[sea7] 10/2/2017 11:58

Mining indaba interview with Gerard..



Would like to be doing 100k oz in two three years time, 50k from recovery and 50k from primary mining

[sea7] 10/2/2017 11:16

Local coverage...




At the prevailing market prices, the targeted production is estimated at Sh900 million – the highest in the country’s recorded mining history.

Enhanced gold production could mean profitability for the operation that has been loss-making, rekindling interest in a recent inquiry by the Kenya Revenue Authority on its accounting procedures.

Goldplat came under scrutiny by the KRA over tax compliance, relating to accounting and importation of machinery.

[kimboy2] 10/2/2017 10:15

Gerard does not issue Q2 updates as it is only 2 or 3 weeks from the interim announcement. I believe it was only Lamming who did.

I agree with you it does look positive news coming though.

[russman] 10/2/2017 10:00

Maybe I have a different point of view on corporate communication.
GDP have not issued the last quarter trading update yet.
Gerard is on the PR treadmill (suggesting positive news).
Interims are expected 20th Feb.

[kimboy2] 10/2/2017 09:52

I thought the most significant thing is that they appear to have reached agreement with regards the pit. The view seems to be it is quite a bit cheaper than the alternatives. Presumably it saves investment in another tailings area.

My prospective numbers for the tailings dam, once producing are;

150,000tpa x 0.057oz/t x 0.5 (recovery) x $700 (profit/oz) = $3m profit pa

There is a 10 year supply of material at present which is being constantly replenished.

[kimboy2] 10/2/2017 09:43

Goldplat plc (LON:GDP) Chief Executive Officer Gerard Kisbey-Green caught up with DirectorsTalk for an exclusive interview to discuss the commissioning of the first stage of the new processing plant at Kilimapesa and what investors should be looking out for in the coming months



Q1: Now, some positive news out today on the commissioning of the first stage of the new processing plant at Kilimapesa, can you talk us through the timescales involved in the 3 stages?

A1: As I said in the announcement, Goldplat began the commissioning of what we called stage 1 on the 23rd December, that is now complete and in fact we’re going to have the official opening of the plant by the Minerals Commissioner on the 16th February.

We’ve begun what we call stage 2 and that entails the installation of the front end of the plant which is the crusher circuit as well as 3 CIL tanks and as per the announcement we do expect that to be concluded/completed within or by the end of the month of April, obviously, dependant on how the new installation goes but we’re confident of that timeframe. That should get us up to 120 tonnes per day, currently we’re producing at a rate of 60 tonnes a day and that’s constrained really by the residence time within our current CIL plant circuits and obviously with stage 2, having installed an additional 3 CIL tanks as well as the crusher circuit, we’ll be able to increase the residence time and the throughput about 120 tonnes per day.

The commencement of stage 3, really it depends on how thing go. Until the installation of an additional mill, in other words we’ll be doubling our milling capacity and it will also obviously then need some more CIL tanks, we’re really going to see how the plant is running, how the tailings are working out, how production from the mine is matching the throughput of the plant and then we’ll take a view at that point in time as to when we will tick off the installation of stage 3. So, really, it’s dependant on how well stage 2 goes financially and practically on the ground.



Q2: Obviously, the positive news has an effect on share price, what should investors be looking out for in terms of news flow over the coming 12 months for Goldplat?

A2: 12 months is a long time, if we look at bit closer than that, we have the interims coming out in a couple of weeks’ time, normally at this time, towards the last week in February and I’m targeting Monday 20th February for issuing and making public the interim results to the end of December 2016. We have indicated to the market that we are making good progress with our investigations in South America and we should be able to announce, probably in the next month or so, some results in terms of how things are looking and whether or not we’ve signed any contracts. Then really it’s open ground as to what happens thereafter, we’ve got our annual results at the end of August, we finish the year end of June.

We’ve also spoken to the market about constantly taking a look at the capital market out there and whether we were able to access the capital markets, being public or private, and being debt or equity, in due course and we continue to look at that, if anything would transpire then obviously, there’ll be news flow after that. We also hope to make an announcement with respect to the tailing infrastructure facility in South Africa, we’ve been trying to get access to a nearby open pit for deposition of tailing and hopefully that’ll also be news flow in the short-term, we can then start processing, or at least start planning, the processing of the tailing facility.

That’s probably all we have got on the horizon which should be a regular news flow and a good news flow if everything goes well. If, like you said, there’s a correlation between the share price and news flow then hopefully we can continue with our stable and steady upwards trend in our share price.

[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?