Share Name Share Symbol Market Type Share ISIN Share Description
Goldplat LSE:GDP London Ordinary Share GB00B0HCWM45 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 5.375p 5.25p 5.50p 5.375p 5.375p 5.375p 0.00 07:41:12
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 16.6 -0.8 -0.5 - 9.00

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Date Time Title Posts
06/12/201609:33GoldPlat - Gold Panning with Dan2,034.00
05/12/201608:06Goldplat - Profitable Gold Recovery Business3,041.00
12/9/201611:00Goldplat - Found Niche in the Gold Market11,856.00
18/3/201616:53*** GoldPlat ***114.00
15/12/201518:36GoldPlat - gold producer with a difference429.00

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Trade Time Trade Price Trade Size Trade Value Trade Type
05/12/2016 15:18:235.2915,000793.14O
05/12/2016 14:44:445.2939,1932,073.70O
05/12/2016 13:54:205.291,21964.50O
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Goldplat Daily Update: Goldplat is listed in the Mining sector of the London Stock Exchange with ticker GDP. The last closing price for Goldplat was 5.38p.
Goldplat has a 4 week average price of 5.48p and a 12 week average price of 5.73p.
The 1 year high share price is 7p while the 1 year low share price is currently 2.88p.
There are currently 167,441,000 shares in issue and the average daily traded volume is 243,534 shares. The market capitalisation of Goldplat is £8,999,953.75.
discodave4: Wouldn't completely disagree S7, except strongly disagree with your first para.The facts paint a completely different picture to your sentiment and views:Two days before the RNS detailing the RR issue the share price was at its 18 month high and had been climbing fairly steadily since the low around Aug 2015. On the day of the RNS 11th July the price (bid) fell 25%, to 5p, its been bouncing around 5.25 to 6 ever since.Despite what you or I think the facts speak for themselves In terms of what has happened to the share price since the RR issue despite all the positive news since the 11th July. Unless you can provide any other reasonable explanation for the share price movement since the 11th July then no offence but I will stick with what the graph and actual price movements tell me.That said, hope this does start to move upwards at a fair rate of knots as still intend to sell up soon.GLDD
shareholder7: You really don't need to be rocket scientist to work out GoldPlat1 SA is worth $19m on its own. This was the valuation 2 years ago when the minority interest was sold and its valuation has since risen. So current market cap of GDP is what our 75% in SA is worth 2 killi loss making and burning cash 3. Rand Refinery nearly bought down GDP because they were at the end of the process and GDP had no alternative 4. Ghana then went into losses as RR refused to take product 5 As soon a RR took GDP production revenue and profit returned 6. Germany used as alternative in the meantime So what does this tell us RR is the key to making GDP successful So what do we do Get into a contract that both sides are disputing and GDP start legal procedures against RRRR then say they can't take any product in August so GDP have to find alternative at high transportation costs and timing issues RR shareholders are GDP customers so what message does this say to them ? Check out their web site So if GDP do this what is the next thing they will do Share price is down the toilet due to this and if they had a great relationship and troll agreement would have worked out we would be looking at a share price of 10 to 12 p after finals Now you have to write off 650k so profit before tax is now 1,350k plus you have legal expenses and time committed Simple really I hate to say it but same old story, what is management up to Too many engineers not enough business people running the company Solution1. Close killi 2. Get into bed with RR and sort out those issues3. Focus on gold recovery 4. Get some experience commercial people in
sea7: FS, August 2007 share price was 8.5p 2008 quoted at 9.5p sept 2009 share price was 10.93p Sept 2010 share price was 9.6p Nov 2011 share price was 11.94p aug 2012 share price was 14p jun 2013 share price was 8p jun 2014 share price was 3.75p jul 2015 share price was 1.63p. In 2007 shares in issue 109m mcap 9.26m in 2008 shares in issue 112m mcap 10.6m in 2009 shares in issue 111m mcap 12m in 2010 shares in issue 168m mcap 16.1m in 2011 shares in issue 168m mcap 20m in 2012 shares in issue 168m mcap 23m (price hit all time high of 16.5p that year) in 2013 shares in issue 168m mcap 13.4m in 2014 shares in issue 168m mcap 6.3m in 2015 shares in issue 168m mcap 2.73m today we have 167m shares in issue and a 6p share price giving a 10m mcap. The mcap is the same today, as it was in 2008, when PBT was around the same level as it is today. The company has a lot more to come and this PBT figure should increase going forward and if history is anything to go by, so will the share price. The shares in issue are rounded and the prices are correct on a particular day in the months shown - I know they are as they are taken from my historical contract notes.
flyingswan: Sea7... In you post below you mention the yearly Goldplats GDP profit/loss before tax - PBT. Do you know what the Market Capital was in each of these years? What the share price was? The year you quote 9.5p 2008 the PBT was £1.62m. What do you feel would be a fare share price for a PBT of £2.00m? What could the PE ratio become, if the long term recovery is proved? 24 Aug '16 - 14:39 - 2655 of 2663 0 0 An unexpected and brief update. This does mean that kimboy was spot on with his assessment and it was at the lower end of my range of £2m-£3m. Still, notwithstanding the rand issue, it does look as though we were all in the right area, with regards to our expectations. The "market expectations" in the VSA note were way understated. Since listing goldplats profit/loss before tax (to end june each year) is as follows... 2015 - loss £796k 2014 - loss £248k 2013 - profit £207k 2012 - profit £5.24m 2011 - profit £3.42m 2010 - profit £1.94m 2009 - profit £2.40m 2008 - profit £1.62m 2007 - profit £751k This figure of £2m to end june 2016, putting the one off rand issue to one side means that we have finally emerged from the woods and are seeing levels of profitability, not seen since 2008/2009. Back in July 2008, the share price was 9.5p, gold was starting its climb up. We have a lot more to come and we have nearly two months worth of revenue already booked since the end june.
discodave4: DS2Ok, mention of 4p was finger in the air. My main point was worst case the RR dispute could delay the share price recovery to such an extent that for me I will be better off selling. Didn't recall many posts citing too many "facts", so that aside and despite what others think (myself included) let's go with a non-bias, and the only, analysts forecast:Forecast pre tax is £560k, the forecast share price for the next 12 months is 7.1p. if the RR issue is going to hit the business by £500k to £1m (let's go for £750k), what do you think the share price will then be in 12 months time?....surely it will not increase as f/cast by 23% because pre tax has been wiped out (materially failed to achieve expectations). Is it logical also to say it could delay hitting this forecast, or earnings growth, by at least 12 months? (IMV it will). Last year with a pre tax loss of £248k the share price was about 2.5p, FY2015 the pre tax loss could be ~£190k, what then is fair value?....3.5p?, you tell me (by your logic, a £750k hit would drop the share price 0.75p, thus it is already fully priced in - I disagree).I accept they were turning this around and the future looks brighter than it did last year, so doubt it will drop to 4p, but also doubt that it's been fully priced in either (unlike your logic) - the share price is only about 12% down to what it was pre the recent update, so think it will drop further if they confirm the worst.....if they don't it will continue on its merry way and everyone will be happy (you will be happy either way!).DD
dangersimpson2: DD, Not meant to be patronising just how your posts come across to a casual observer. Of course BB's are an imperfect communication tool and much of the nuance of language and tone of speaking is lost in text only. I personally suffer from loss aversion, anchoring and many other behavioral biases hence why rules like the 1% sell are so key to me generating long-term market beating returns. If you are immune then that's great. I'm sure I suffer from ownership bias too and will interpret announcements from Goldplat overly positively. But let me re-iterate I don't think the RR issue is positive. I think a realistic quantification of the impact to GDP would be in the region of £500k-£1m taking into account all effects like delayed capex. But hence this means the market has already over-reacted to the downside so any further share price weakness in response to this is positive in terms of there being a widened gap between the share price and intrinsic value. This is logical. I'm not averse to hearing a contrarian view but for these to be useful to me they have to be based on facts. Your personal frustration with the share price reaction or view that we might see 4p due to sentiment surrounding the RR bad debt are valid points of view. But unless they are the result of an analysis of the profitability of the business they don't have any more validity than anyone elses' guess. In fact we know this isn't what you really think because you hold the shares. Myself and others pointing out that your contrarian view doesn't seem to be based on any realistic analysis of the underlying business isn't 'throwing stones' it's debate. Maybe you can see why this debate might be frustrating for others too. Not since we can't handle a contrarian view but because we know you don't really believe it and that isn't based on an analysis of the underlying business prospects.
dangersimpson2: DD, Your posts are coming across as increasingly emotional in their response to a share that hasn't performed as expected. It seems to be clouding your ability to think logically. What would be the logical share price response to a one-off 600k debtor write-off or 300k after tax as KB points out. Well the minimum impact will be 300k but the cash write off plus maybe need to go elsewhere for refining capacity due to relationship breakdown would have a negative impact on cash flow and hence capex profile. We know that GDP has a very high ROIIC at the moment due to being capital constrained for sometime. So a 500k-1m hit would be normal. Arguably the shareprice has already dropped by 1p = £1.5m in response to the news. Hence a further drop of 2p = £3m market cap would indeed to be good news. It would be a massive over-reaction and would give one the ability to buy at a highly lucrative price. I'm sure emotionally such a drop would be painful - particularly for those who hold a lot more than you - but that doesn't stop it logically being good news. Given that it's only £1500 then I still think you should probably sell. Holding GDP at a loss seems to have a much higher emotional and analytical cost for you than any short term financial gain. Here is an extract from a blog post I wrote on how I try to deal with these biases: Loss Aversion For this reason I have a rule. If a position drops below 1% of my portfolio and I’m not willing to add to the position to make it above 1% then I sell the whole position. If I don’t have the confidence to hold at least 1% this clearly isn’t my best investment idea. The small position size means that its potential impact is very low anyway so if it is still in my portfolio it is a sign that I am suffering from loss aversion. If I don’t clear out that long tail of losers they will take up emotional and mental energy that is best spent on my best ideas. Given the emotions that surround selling losers the 1% rule is surprisingly hard to implement but really worth doing. The only case that I can see it being worth holding a very small number of shares is when you want to incentivise yourself to better understand a company. For some reason most investors are better at really kicking the tyres when they have some money on the line. This should not be an indefinite position though. You should set yourself a deadline at which point you assess the company and either add to the position or sell it. The downside to this strategy though is that ownership bias will probably make you rate the company more highly than you otherwise would. For this reason this should be used sparingly. Get-even-itis The other most common bias that impacts portfolios is ‘get-even-itis’. You probably have suffered from a case of this too. It starts when you have a position that goes against you. As it appears ‘red’ in your portfolio you start to worry. As it drops further you think ‘I wish I’d sold when I first started to worry.’ The worry stops increasing when it starts to bottoms out and starts to subside as it starts to rise. Then when it gets back to your buy price you are so relieved you immediately sell. This of course is a form of ‘anchoringR17; and is illogical. If nothing has changed since you bought then the share price going down and up again has not changed the investment case. Equally if the investment case has deteriorated you should have sold immediately and it is merely chance that means you are back even. Again given the power of this effect it may be worth setting a rule that you never sell a share at your buy price. Particularly when the share price trajectory has been a drop and recovery on no news. In Summary… Given that behavioral biases are pervasive, hard to identify in real time and high impact it makes sense to have a strategy to deal with them. I believe the best solution is to create a sensible set of rules in advance, write them down, and apply them rigidly. This doesn’t mean you follow a purely rules based investment strategy but you proactively identify areas of weakness and think how applying a simple rule could overcome that. This frees you to spend your energy where you can have the greatest impact: finding great investments that no one else has spotted. hxxp:// Maybe such rules might help you take the emotion out of the situation? Cheers, Mark
danielmiller1: See the rubbish some locked shareholders will post to bolster this dawgie. But Dan knows better. Here is a note Dan found from a few years back when the company was painting a completely false picture which fooled many into buying share and losing out. Today they are still up to their old tricks. A Golden Takeover Opportunity, which proved to be a punteres dead lead disaster This wrote some years back about Goldplat (LSE: GDP), a small-cap gold producer specialising in gold recovery but with a growing mining business. At the time, Hevcommented that it was about to publish its full-year results, of which great things were expected. Hecwas pleased to say that like the proverbial milkman, Goldplat delivered albeit with much glossed over figures high added added an unexpected bonus of a maiden dividend of 0.6p per share. At the current share price of around 15.6p, that equates to a yield of 3.8%. The Results they would have been nice if they had been correct and therefore sustainable You can see the company’s results in all their glorious detail on the company’s website, but here are the main highlights: Maiden dividend proposed of 0.6p per share totalling £1.01 million 52% increase in profit before tax to £5.24 million (2011: £3.43 million) 48% increase in operating profits to £4.53 million (2011: £3.05 million) 52% increase in net cash position of £4.57 million as at 30 June 2012 (2011: £3.01 million) Market leaders in gold recovery in Africa – production from Ghana and South Africa totalled 31,354 ounces Establishing a new gold recovery processing unit in Burkina Faso; registered a new trading company, Midas Gold SARL, and initial plant designs are underway Achieved first gold pour at Kilimapesa Gold Mining Project in Kenya in January 2012 162% JORC compliant resource upgrade at Kilimapesa to 649,804 ounces at 2.44 g/t gold Strong progress made to advance gold development portfolio in Ghana and Burkina Faso Aim to delineate in excess of 1 million ounces of gold resources across Kenya, Ghana and Burkina Faso gold mining projects by the end of 2012 All in all, a decent set of results. The company’s share price didn’t move all that much when they were published, but the gains were trailed in advance to some extent, and small cap share prices sometimes do take a little longer to react to good news. It was good to see that the then new CEO Russell Lamming had already put some of his own money into the company — Lamming bought 200,000 shares at a cost of around £31,000. HE SOON WISED UP TOMTHE FACT THAT WHAT INFO HE BOUGHT UPON WAS FALSE. HE CLOSED HIS BOOK AND WALKED AWAY AS FAST AS HE COULD.......FEELING VERY DISPONDANT WITH. THOSE WHO FED HIM A LIE.
flyingswan: There should be an RNS this week, as it is the end of the month next weekend. If the new plant is commission in October as stated? What affect do you expect this to have on GDP share price?
sea7: One of the metrics that I keep an eye on, is the net current asset value per share (NCAVPS), this is also known as the liquidation value. It does not include, things like property, plant and equipment. I am sure we all know, however, I arrived at the figures by the following:- Current assets minus total liabilities divided by the total number of shares in issue. History shows the following:- interims and finals.. To end Dec 14 - 2.39p per share - share price at the time 3.25p To end June 14 - 2.78p per share- share price at the time 3.75p To end Dec 13 - 2.84p per share - share price at the time 6.50p To end June 13 - 4.12p per share- share price at the time 7.50p To end Dec 12 - 4.33p per share - share price at the time 12.25p To end June 12 - 4.76p per share- share price at the time 13.00p To end Dec 11 - 4.20p per share - share price at the time 10.80p To end June 11 - 4.47p per share- share price at the time 12.00p We can see a fairly good correlation with the share price against the ncavps figure, In so much that when the ncavps figure drops, so does the share price. The NCAVPS figure of 4.76 corresponds with the highest share price at the time of 13p. (obviously we know the share price hit 16.49p as an all time high in sept/oct 2012, however, not at one of the reporting period dates.) After the fall in the gold price, the drop off in the NCAVPS was dramatic in the six months between june 13 and dec 13 (30% drop). The share price moved first with a similar decline in the six months between dec 12 and june 13. (39% drop) This ncavps figure has dropped by almost 50% in the last 3 1/2 years, whereas the share price has dropped by 73% in the same period to end dec 2014. For what seems like for ever, the company has been working hard to change this downward trend and as we have had some good news on this lately, this set of results should, despite the headline loss, show some improvement in the NCAVPS metric, which should be stronger when the interims are published in march and re-affirmed with an even stronger figure, when the finals are published in September 2016. The corner has been turned as gerard stated and we should see this in the numbers soon.
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