| Date | Subject |
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23/11/2020
10:04 | newforestlad: Gold a little better, hopefully a gdp knock-on effect will happen
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12/11/2020
14:23 | shill10: all non cash accounting - irrelevant - Gold bottoming, GDP down we know what to do.
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11/11/2020
19:59 | russman: The accounting errors are small.
But regular.
Hope GDP can do their maths in their trading contracts.
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26/10/2020
14:50 | neiljoepeg: Surely Martin will instruct board to reinstate dividend now he controls the company. His average is about 6p so 1.5p dividend would be a nice 25% ROI.
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21/10/2020
07:24 | kimboy2: Well a £/share would be a market cap of £170m rather than £13m at present, quite a jump.
However, if gold stays where it is, then by this time next year GDP may have getting on for £10m in cash. Then there is £16m post tax attributable from the stock dam to start coming in soon, hopefully.
How far GDP goes will depend on what they spend this heap of cash on.
The past isn't particularly encouraging in that respect. Having said that Mayflower are expecting Kili to produce 25kozs a year, no doubt at a profit of $1,000/oz profit at present prices. Perhaps we will see a return.
Personally I would like to see them start an environmental clean up division, perhaps taking over an existing operation somewhere.
If that went well we may get to the £1/share.
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20/10/2020
18:33 | avsome1968: GDP will never reach a pound but we can all dream, be nice if theirs a surprise divi
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07/10/2020
08:14 | lowtrawler: I exited my GDP holding last week in order to top-up on SOLG. Will be looking for an opportunity to come back in when I have funds available. Skin in the game is certainly lacking among GDP management.
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19/9/2020
16:32 | kimboy2: Thought Papillion were quite interesting with their plans for 25kozs annual run rate from Kili in 18 months time.
At present prices they will probably make $800/oz which boils down, after 30% Kenyan tax, to a post tax profit of something like £10m at 25kozs. If GDP ended with a 25% share of Mayflower then that is an attributable £2.5m.
Now I am not saying that Mayflower will achieve this. I have seen enough miners plans go awry to realise things go wrong. However if they did achieve it then the value of Kili will be something like £20m to GDP.
That would mean that the value of Kili to GDP in two years time will be somewhere between £0 and £20m.
You can put whatever probability you want on where on this spectrum the outcome may be, but GDP will be in for 'free'.
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17/8/2020
09:54 | kimboy2: Any ideas as to what will be in the AGM? I am expecting one or two things different as it will in effect be determined by Martin Ooi.
I reckon, at the moment, that GDP is producing an annualised post tax and minority profit of something over £4m. I am sure they could, if they wished, give a 0.5p dividend.
Personally I would prefer to see a buyback of shares for the time being. Perhaps dividends are when the company has got the recovery operations running smoothly at full tilt.
I am not sure which non-execs or execs are up for election but I wouldn't be totally confident on this if I were them. They will need to prove their worth. Martin of course has Gerard as his spy in the cab, so he will have a reasonable idea of people's worth.
Wouldn't surprise me to see Gerard as Chairman at some point fairly soon. It looks to me as though Gerard has been sorting the Kili sale so that will be a feather in his cap if it goes through.
I would expect there to be a buyback provision. Can't see anything to lose.
Hopefully before the AGM we will get news that Kili has been completed and that tolling in Ghana has been rubber stamped. If in addition the gold price remains elevated then all will be well in GDP world.
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29/6/2020
17:00 | camerongd53: st decided to make a few summary comments, which you may or may not agree with.
The share price of Goldplat today is approx. 5.85pence which is about twice what it was at the start of the year. This performance I am grateful for as it is better than most other shares which have been badly impacted with covid 19. I first bought @ 16p many many years ago and my average having bought more cheaply is approx. 7p.
I do not expect any major movement in price unless the following occur:
• Sale of Killimapesa – I don’t think this is going to happen until Covid 19 is over which I don’t think will be soon. Writing it off, giving it away or closing it down may actually be beneficial for the GDP Price. Resolving Killimapesa is long overdue – I think it has been both a financial and a management time and resource etc disaster.
• The share price may go up with the announcement of full year results. I expect any profits earned and cashflow therefrom will be re-invested in raw materials which will be future profits. This I suspect will be in the company’s best interests but a declaration of a dividend could have a beneficial effect on the share price. If Ghana becomes really good, the share price may nudge upwards nicely.
• Hints have been made at progress with the tailings around the year end (Dec20). If real progress is eventually achieved after many years of waiting, the share price could easily be much higher.
• Although not really on the blog’s agenda, GDP could be a nice morcel for the likes of Shanta or Sylvania or others to digest as a takeover.
I am hopeful that the GDP share price will be higher in a year’s time than it is now and be significantly higher by Dec 2021
I think that it is unrealistic to expect gains at the level seen over the last 6 months but if they happen would consider selling a significant part of my shareholding.
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PLUS1
