Goldplat Share Discussion Threads

[sea7] 20/2/2017 18:53

Toronto dominion bank - TD direct investing - www.tddirectinvesting.co.uk

They hold under TD Direct Investing Nominees (Europe) Limited and as at 7th November had 6.18% holding, as shown on website. Their clients have increased positions or new clients opened new positions in goldplat, which has not been reflected on the website yet.

[danielmiller1] 20/2/2017 18:49

I see johnyo has identified all I was saying many years back.


You see at one AGM I met the boys after the meeting for ?...the following day I sold what a bunch of amateurish clowns

[discodave4] 20/2/2017 18:46

Good luck shareholder7Still hanging on, hopefully this may attract some punters over the next couple of weeks, if not then I think it's time for me to call it a day, better returns elsewhere IMO.Clearly their contracts aren't worth the paper their written on if RR can just change their repayment terms because they have a mind to.........does make me think on this basis that the silver contract issue was also not worth the paper it was written on and RR will win out.VSA reckon: "we do not believe that this will have a material impact over the longer term" - shorter term then who knows, particularly as they are now having to renegotiate with clients/suppliers.All the best wherever you decide to go next.DD

[johnyo] 20/2/2017 18:46

£126k a day nothing spectacular

[johnyo] 20/2/2017 18:42

Hopefully a brighter future for what's been a dog of share from after Dimitry days ! Mistakes made clueless management !Killi's processing capacity appears far too small 200 tonnes a day at Killi @1.5/2.0 gram per tonne, not even 1/2kg Gold a day.Realistically we need 2000 + tonne capacity a day & that's roughly 4kg a day £126k

[sea7] 20/2/2017 17:17

Looking at inventory, we can see that at end December there was 9948 ozs gold/gold equivalent held by goldplat as unsold.

As this is recorded at the average cost production for the year, then it is worth a lot more than its balance sheet value. The £9.6m figure also includes concentrate at rand and aurubis, bullion at rand, material in the cil tanks and other parts of the circuits, along with material on route to and from goldplats operations.

At end June 2016 there was 5284 ozs gold/gold equivalent held at goldplat as unsold.

In addition to the above production cost value that is not reflected in the interims, there is the unrealised value from the broken ore and other material onsite. I have not included the stock dams unrealised value in this, which is significant.

[wigwammer] 20/2/2017 17:09

"managed to buy in at the beginning of the month and sold first thing this morning"Very strange, given your posts did little other than list risks and encourage holders to sell.I sincerely hope no one acted on your poor advice.

[kimboy2] 20/2/2017 14:52

Also notice that the VSA update on the website gives Toronto Dominion Bank as holding 10.02% of the shares.

Obviously no RNS so presumably some sort of nominee accounts, or at least separate individuals.

[shareholder7] 20/2/2017 14:36

The surprise Russman was there were no surprisesThe RR issue is a lose / lose for GDP, win the case but lose the support of their largest business partner that is next door.Finding alternative options is expensive plus loss of the business opportunity that RR undoubtably had Management still have a lot to prove IMV however managed to buy in at the beginning of the month and sold first thing this morning I see more short term opportunities as price moves downWaiting for the banana skin

[kimboy2] 20/2/2017 14:28

Interview on proactive

[pog1234] 20/2/2017 13:13

DD, most disputes are settled in favor of one party but seldom 100% in favor, i.e. Goldplat will most likely receive some cash but not 100% of the disputed amount. Not all issues are black and white! Only my humble opinion...

[kimboy2] 20/2/2017 12:59

I had been expecting an operating profit of around £1.2m so £1m is an undershoot. However I didn't account for the 5kozs of GRG gold in containers, nor did I expect Kili to lose £600k in Q2/17.

The Ghanese gold profit will obviouly come through in H2/17 and I suspect that the loss in Kili is producing an ore pile for the new CIL to process.

If these are taken into the equation then the numbers look pretty good.

It was always the investments that were going to drive the numbers. On these the news is pretty good.

Kili stage one completed - profit £0.6m
Kili stage two to be completed in April - profit £0.6m
Kili stage three to be determined - profit £0.8m
Ghana elution column in calendar 2017 - profit £1.5m
Stock dam looks like 2017 - profit £2m

That's how I see it.

[discodave4] 20/2/2017 12:17

Nice numbers.My bug bear - RR still got this by the short and curly's by the looks of it.Can only change repayment terms if the contract is as leaky as the Titanic.....clearly they are, so doesn't bode well for a "favourable" outcome for the silver "issue" IMO.How much is this costing GDP, not just the issue with RR but having to renegotiate with suppliers?.DD

[russman] 20/2/2017 11:55

There was only one surprise.In GDPs public relations offensive.Who mentioned RR had changed their business terms & GDP were talking to clients in order to mitigate.

[sea7] 20/2/2017 10:48

vsa note on website...



Extract...

Additionally, although unrelated Rand Refinery has notified GDP that it has changed its repayment terms. This is likely to affect GDP’s working capital management as Rand Refinery has proposed to extend its payment period. However, given GDP’s financial position we do not believe that this will have a material impact over the longer term.

[wigwammer] 20/2/2017 09:56

Not sure I would know what you mean.Yes, there are stocks out there that trade near all time lows and never appear to move on news flow.But I don't see how a stock that has performed well over a meaningful time frame, driven by positive newsflow, fits into that category.

[nick rubens] 20/2/2017 09:44

wigwammer

Yes, wish I paid 2p.
If you were buying around 13p then you'll know what I mean. It was profitable back then and paying a dividend.

[wigwammer] 20/2/2017 09:17

"I don't what it is but the market never likes this company, no matter how good things seem to be."???It has tripled over the last 18 months.

[nick rubens] 20/2/2017 09:04

I don't what it is but the market never likes this company, no matter how good things seem to be. I can remember years ago when it had a high yield and traded around 10p-13p area and seemed a bargain back then.

But then again, looking at todays mkt price the market was correct to let it yield high as the div was abandoned and the company went as low as around 2p with the gold price slump and operational concerns too.

What is the worry now? A strong increase in Interim earnings doesn't seem to be doing it either.

Current liabilities look high, other than that seems ok to me.

[michaelfenton] 20/2/2017 09:03

sea7 - you are right and it is the right time to attract new investors as re move up to circa 10p later in the year.