Goldplat Share Discussion Threads

[michaelfenton] 10/6/2025 16:44:31

banana skins is a more apt term? The management are accident prone and wasteful with money? However they do like their salaries. I am almost out but have retained some profit just in case. But it always seems to be a lng shot?

[pog1234] 10/6/2025 09:26:39

Lowtrawler, I hope GDP will start paying out a dividend as communicated. However, they have talked about a dividend in the past too without following through. So I am not convinced until I see the money in my account.

As for trust. GDP has consistently had hickups. I do not blame management for all of them, but it does not instill confidence when you talk about progress and a bright future just to have another hickup the next quarter.
Some real progress and growth with a committment to paying out a decent dividend, no token dividend, would increase both confidence and the share price. It does not take much for this to happen!

On top of the above, deliver the TSF and the share price will fly...

[lowtrawler] 10/6/2025 09:17:52

MF, as with all corporate actions, it is the shareholders who decide. In the case of Shanta, there was overwhelming support from institutional investors for the lowball bid. GDP has few institutional investors and so cannot be directly compared.

You are correct to be cautious and vigilant for activity that could lead to a stitch up but I have seen nothing to date. The GDP Board have lost my trust with misleading statements and failing to deliver on commitments. Vigilance is certainly warranted.

[michaelfenton] 10/6/2025 04:18:25

Do you recall the case of Shanta Gold taken over for a very lowball offer with the connivance of the corrupt Board.It just happened with no real warning and shareholders assumed the Board would decline but they conspired. Look this is only a suggestion as there is indeed no eveidence. However the Company does nothing for shareholders. MO must want something as he cannot sell out?

[lowtrawler] 09/6/2025 17:14:07

Pog1234, I can see no good reason to avoid rewarding shareholders. Werner promised rewards and backtracked. Will he do an about turn?

What really upset me at the last Q&A was his off the cuff comment that perhaps they could look into providing a token reward. I found that offensive. Only time will tell.

[pog1234] 09/6/2025 16:58:31

IMHV, a good time to announce a dividend would be in connection with the financial year-end results. That would signal confidence in the business and should be no challenge whatsoever if the business is stable. This not counting the TSF which could generate a much larger dividend.

No excuses, investments into the business is good, but it has to be a balance between shareholder rewards and growing the business.

[lowtrawler] 09/6/2025 16:11:01

yasX, last year I could have pointed you towards statements made by Werner promising rewards were on the way. However, he backtracked a couple of months ago. All we really have are bland comments issued alongside the updates.

If all you are saying is GDP have never rewarded shareholders and ergo never will, that is an entirely valid opinion. It is the implication Martin and the Board are somehow colluding for ulterior motives that has no evidence.

IMV, since exiting Kili, they have invested heavily in the core business and traded strongly. It has put them in a position where it is difficult to understand their reluctance to introduce shareholder rewards. As kimboy has pointed out, they have just repaid a loan which free's up £1m of cash per year. If they still refuse to reward shareholders, more people will support your opinion and the share price will likely fall.

[yasx] 09/6/2025 15:36:54

Low,

I am suggesting that shareholders will not be rewarded by the Board and Martin is seemingly impervious to that - whether you call it a stitch up or a poor investment is not a matter for me.

I am looking at the evidence - that is how it has been to date - point me to the evidence that indicates a change to the aforesaid state of affairs? Not your hunch, evidence!

[lowtrawler] 09/6/2025 15:19:55

swiss paul, IMV the share price is low due to a lack of shareholder rewards and slow progress on the TSF. The past track record of banana skins also doesn't help.

What yasX, and by implication yourself, are hypothecating is that these factors are being engineered by Martin and the Board to stitch up small shareholders. If you have any evidence showing this to be the case, can you point me towards it?

[swiss paul] 09/6/2025 15:04:09

we have seen no evidence lol. Look at the share price!

[lowtrawler] 06/6/2025 17:09:52

MF, there are always risks when a dominant shareholder is around. However, we have seen no evidence to support the view of yasX

GDP has few institutional holders and so Martin would need to convince around 25% of small shareholders to support any cunning plans. He might get away with a lowball offer but it would have to be at a significant premium to the current price.

I suppose our biggest risk would be supporting share buybacks without requiring Martin to keep his holding below 30%. This could strengthen his position by stealth and make any stitch up more plausible. That is why I would vote against any such approach.

IMV, Martin is simply happy to wait for the TSF. The cash being generated by GDP is not currently being squandered and cannot be squandered without support from Martin. When distributions commence, they will be larger and hold less risk. Holding the cash inside GDP also allows a stronger stance to be taken against any bidder and so ensure a bid will need to be fairly priced. Hence, Martin will get his money back either via a fairly priced bid or through distributions alongside the TSF. This is the most plausible scenario but we should also be cautious.

[michaelfenton] 06/6/2025 14:23:39

My cynical mind thinks that yasX is correct. Takeover by MO in conjunction of the board is a distinct possibility which is why I am down to my last 100,000 from !M. Market cap should be at the very least double and a dividend being paid. Would not be the first time this has happened. What is happening in Ghana now?

[yasx] 06/6/2025 13:23:13

Not the shareholders.

Before you indicate Martin is also a shareholder, that is correct but he may have a plan in conjunction with the Board that may not yield the prosperous outcome you hope for.

Let me simplify it for you.

How much cash has the company generated over the past five years?

How much cash have you benefited from by way of a dividend?

Havevthe shares appreciated in price during that period?

In other words, you derived no benefit whatsoever. If you hope that if the cash situation improves further still you may well end up securing some benefit, history tells you that is most unlikely. The fact that a shareholder who owns a third of the company is willing to rest on his laurels while this state of affairs continues tells you that either this is not a material investment for him or that he has other plans. I will need you to make up your own mind, but the market is telling you that this is cheap for a reason.

[kimboy2] 06/6/2025 07:07:27

Who are the beneficiaries milking it?

[yasx] 05/6/2025 23:16:52

It will remain undervalued as long as the beneficiaries continue to milk it.

No sign of that changing anytime soon - no dividend and no price appreciation. Those thatbhave held for years thinking one day it will change. It won’t.

The best they can hope for is a stitch up in which Mattin offers them, say, 8 or 9p in a few years from now, by which time thevexhausted mugs will cheerfully accept to draw a line under it. That is the best case scenario. More likely than not this will just drift towards one pence in a oouple of years and a bid at 2p will probably seal it.

Good luck - you might need it .

[sea7] 05/6/2025 11:41:59

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[trader465] 03/6/2025 18:51:37

It may still be undervalued in another 5 years time too. If it’s not showing a profit it’s not worth sitting on for 5 years unless you have unlimited patience and time, which none of us have.

[ertugrul] 03/6/2025 18:48:04

It's undervalued 5 times more now

[pog1234] 03/6/2025 16:38:57

It looked undervalued 5 years ago too.....

[flyhi1] 03/6/2025 15:43:01

On the face of it GDP still look very undervalued but still seems little interest from new investors.

[russman] 03/6/2025 06:12:27

DRD could buy GDP with its loose change.
If it values the TSF & thinks the pipeline plan is feasible.

[shill10] 01/6/2025 14:10:42

Kimboy as I pointed out in the last presentation Werner stated just this, best indication yet from the board of the minimum value of the TSF.

[1auger] 01/6/2025 11:36:15

...and for £11m market value ( at 31/12/2024 ) you get inventory + Receivables + Cash = £25.3m less Payables = £11m, so basically the working capital. The Ghana + South Africa Business Assets, including TSF, that generate present and future profits you could say are in for free.

[michaelfenton] 01/6/2025 07:02:26

That would be great.