| Date | Subject |
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01/6/2020
20:10 | avsome1968: All buys today share price didn't budge hmmmmmmm
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27/5/2020
14:38 | lowtrawler: $2000 should add around 35% to 50% to the current GDP share price without any other developments
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18/5/2020
11:14 | avsome1968: Well if pog keeps flying more chance we will sell Kili which will reiterate our share price.
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06/5/2020
13:23 | lowtrawler: Extracted from LSE (where I think you posted it Mike?)
Goldplat - quarterly update, production getting back on track...
Goldplat (GDP) has updated emphasising that it is “pleased to report the progress made on key initiatives during the period, while maintaining profitability” and “with all the recovery operations restarted as of 20 April 2020 the group should continue generating profits during the last quarter”…;
It noted its South Africa business was placed on care on maintenance 5 days prior to quarter-end and, though its Ghanaian business was not required to close, “not all circuits could be operated at full capacity towards the end of March” there. Overall, “the cash and cash equivalents on hand at date of the announcement was £ 3,200,000”. That compared to “approximately £2.8 million of cash on hand and access to facilities of £500 000” on our prior update.
There will also be some current quarter impact – the restart of production in South Africa is at a reduced output and Ghana circuits could still not all be operated at full capacity in April for instance, but also noted is for South Africa “plans to increase production to full capacity shortly” and Ghana “operations should return to normal capacity during May we expect… will make up for most of the lost production during the last quarter”. It is also noted “the group continues to benefit from the higher gold spot price”, and the shares have responded higher to 4.45p capitalising the company at £7.5 million. The share price compares to around 3.5p when we previously updated, concluding the lockdowns will end at some stage and meanwhile the gold price is set to rocket. So now is NOT the time to sell. In fact BUY.
With the last half-year results having showed a gross profit of £3 million on revenue of £12.5 million, with “administrative expenses” £0.7 million and the share price still comparing to more than 7p reached in February when the outlook for gold was arguably not as strong as it is now, our stance remains buy.
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29/4/2020
09:02 | lowtrawler: kimboy2, been very impressed by the knowledge displayed throughout your posts. You clearly have researched GDP deeply. It's like a breath of fresh air on these forums.Do you have a price target / timeline for GDP? What do you think are the biggest risks to share price appreciation?
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27/3/2020
11:53 | shill10: my plan is to hunker down and do nothing. Those of us who have been here a long time know how illiquid GDP is and in these extraordinary times who knows what can happen to the share price short term. I'm not worried that the company won't get the chance to monetise its assets though, we have plenty of cash - in the absolute worst case there will be several interested parties (Martin Ooi/DRG ?) who will want to buy assets from GDP if they need to be sold, but I do not see that happening at all - South Africa can't afford a long shutdown, it has regrettably no option but to go the "herd immunity" strategy with limited healthcare/resources and a young population, so the terrible situation will be through the other side relatively quickly, which for GDP is what matters.
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24/3/2020
08:35 | shill10: its all about the gold price- GDP owns huge amounts of Gold, even if it has to hunker down for a few months, that Gold (44koz TSF, Kili, low grade stockpile) is worth so many multiples of the share price it is mind-boggling. People still not getting it that Gold in nearly all currencies apart from $ is at all-time highs and that's what matters.
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23/3/2020
22:24 | shill10: Short term going to cause problems, but we knew this was coming and that's what the markets have been pricing in globally since 24th Feb. For me what will drive the share price is the price of gold and execution by GDP management.
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09/3/2020
08:31 | shill10: you might well be right Kim, with such volatility every forecast is fraught with difficulty - but there is also the issue of the share price becoming unhinged from the company's position due to forced liquidations by punters losing fortunes in the rest of their portfolio. IMO we are close to the same sort of undervaluation relative to the fundamentals that we had 9 nine weeks ago when the share price was 2.4p - GDP's prospects have improved that much, Gold is up $200 in ten weeks, the Rand is down 15% and Oil down 40% - you couldn't make up a better scenario for GDP.
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21/2/2020
09:18 | shill10: great point , Kimboy - the market is still totally and completely blind to how geared GDP is to a rising Gold Price. GDP owns multiple call options on the price of Gold with strikes now clearly in the money - by this I'm thinking primarily of TSF (88,000 oz) and Kili (c 50,000 oz). If I add in your 16,000 oz and assume 50% recovery for TSF (v conservative) thats 110,000 oz now well in the money - another way of putting that is that every $100 on the price of gold is worth $11 million to GDP, or 5p per share !!!! The share price keeps going up and the share keeps getting more undervalued because the price of Gold moves the company's holdings even more.For reference, since the 23rd December 2019 the price of Gold has gone up by $150, adding 7.5p to GDP's net worth (ignoring all recovery ops). The actually share price has risen 4.5p. Hard for the market to keep up, but this is cheaper than it was at 2.5p in December.....
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PLUS1
