Goldplat Share Discussion Threads

[danielmiller1] 17/2/2017 14:17

Gold platt now looks to be owned by someone else. Gets more like a comic opera every day. Or a Greek tragedy lolololololololololololololololololo


Looks like thevSP will crash when this mess gets straightened out.

Lololololololol

[sea7] 17/2/2017 12:45

MF,

yep 8.72million tonnes. Ha Ha, I expect to see goldplat stock rerate to a phenomenal level immediately.

[sea7] 17/2/2017 11:00

Some of the ropiest reporting I have seen for some time..



Excerpt...

The find by Acacia Mining comes hot on the heels of another find in its Goldplat’s operation in Narok, where the firm operates the Kilimapesa Gold Mine. According to the company, Kilimapesa mine has a total resource of 8.72 million tonnes of gold

[russman] 17/2/2017 09:34

£2.715m ebitda for 2016.

[kimboy2] 16/2/2017 16:08

Perhaps the date is right then.

The RNS did say it was 'planned' for the 16th, so perhaps there was always the possibility of a last minute change.

[danielmiller1] 16/2/2017 15:00

well GDP got a plaque that's something better than nowt......I guess. but it did nothing for the all important share price

[sea7] 16/2/2017 14:14

some pictures on dan kazungu's twitter feed, which state 21 hours ago.

[sea7] 16/2/2017 13:53

Hopefully the media coverage will start to show up online soon.

[kimboy2] 16/2/2017 13:43

I wondered if anyone would notice that. It is Africa after all

[sea7] 16/2/2017 13:08

It looks as though the plaque they had made, has the date of the 14th on it.

[kimboy2] 16/2/2017 12:10

Goldplat, the AIM quoted African gold producer, is pleased to confirm that the Kenyan Cabinet Secretary for Mining, Honourable Dan Kazungu, has officially opened the Company’s new processing plant at its Kilimapesa Gold Mine in Kenya.

The ceremony was attended by the Kenyan Cabinet Secretary for Mining, delegates from the Ministry of Mines, the Kenyan Chamber of Mines, the Narok County, the Local Chiefs, Lolgorian community members, a large Kenyan press delegation, as well as employees of the Mine and senior executives from Goldplat.

Pictures of the opening ceremony can be found on the Company’s website

[russman] 16/2/2017 10:31

Start @ £1.435m for earnings 2016.
Then add back the bitda.
I can find no reference to ebitda/EV in any 2016s paperwork.
When did this become a GDP metric

[danielmiller1] 16/2/2017 10:08

Looks like more tax problems for this dawgie GDP! Would not want to put a penny in here until all tax and other issues are clear.

In passing KGLD just hit 1.45 ..........on its way up?

[kimboy2] 16/2/2017 09:48

I would have thought that a tax investigation would relate to the community fund as they are hardly likely to have been paying taxes on profits. The good thing about that is that they will have a heap of losses before they do pay corporation tax to repay their loans, if they wish.

While I am on that ISTR that tax is at 20% in Kenya. Is that right? Not sure where the new mining bill left it all.

[sea7] 16/2/2017 09:16

back in may 2014...



Excerpt..

Kilimapesa Gold seems to have done its best, by surrendering the current required five per cent of the mining proceeds to the local Moyio Financial Committee. Substitutable reports indicates that the company has already Moyio Commitee more than 8.6 millions.

The committee, which is tasked to manage 5% of the mining proceeds for the benefits of the community as the custodians has failed to do so. A reputable source, which source anonymity claim that the few individuals managing the community kitty have take it upon themselves to embezzle the funds. Several unaccounted withdrawal have so far been made. It is also said that the Committee which functions under the cover of impunity has continued to carry out its business under the cover of impunity

[dangersimpson2] 16/2/2017 09:08

Yeah I seem to recall it was around VAT on imports of the kit. Given that this was mostly existing GDP-owned equipment they were disassembling from Ghana I can see how GDP wouldn't want to pay VAT on it simply to bring it into Kenya. I think this delayed the plant improvements at Kili. That they proceeded means that they must have come to an acceptable agreement. Improving the plant to profitability should generate multiples of the VAT amount for the KRA over the next few years so it would seem a win-win for both parties.

[sea7] 16/2/2017 08:37

Got that tax issue hanging over it, perhaps they wanted the Cabinet Secretary to show up, make a speech in front of many, which would ensure that the KRA's actions over the tax affairs at Kili will be dealt with sooner rather than later.

Otherwise it will be a profile raising exercise, which will add to Gerards presentations to any prospective providers of funding.

[kimboy2] 16/2/2017 08:18

The Bigwigs arrive today to open stage 1. It is a bit surprising that they didn't wait till stage 2 as that would be a bit more impressive presumably.

Couldn't have something to do with elections in August could it?

[danielmiller1] 15/2/2017 23:08

Back in 2013 KILI could have been made as profitable as it can be made today......unless of course someone has tipped a few 1000s of tonnes of old spare gold there.

[danielmiller1] 15/2/2017 23:07

Back in 2013 KILI was the same KILI as it is today What it lacked in 2013 with an incompetent drunk and an accountant who could not count running the show was much the same as it lacks today......TOP QUALITYMANAGEMENT.

[sea7] 15/2/2017 20:14

back in 2013 kili was impaired by £2.373m, as it enters profitability and will no longer be a liability, it should be subject to some reversal of impairment IIRC.

[kimboy2] 15/2/2017 19:33

For 2017 I expect it to be over £4m, if that helps.

[kimboy2] 15/2/2017 13:27

£1.878m at a guess