Goldplat Share Discussion Threads

[lowtrawler] 23/6/2022 16:16

ACT, relax. It appears to me we are settling into a new trading range of 8.6p - 9.6p pending next developments. A couple more announcements on the TSF and a good trading update will move us up.

[arlington chetwynd talbott] 23/6/2022 15:37

I really miss the buybacks.

[arlington chetwynd talbott] 22/6/2022 15:01

I miss the buybacks.

[kimboy2] 16/6/2022 10:11

I would have thought the quickest and easiest way to build the pipe would be to mole it. Not sure how deep the soils are at Gauteng but a metre would allow this. htTps://www.pe100plus.com/PE-Pipes/Technical-guidance/Trenchless/Methods/Installation/Mole-Ploughing-i1303.html

[norry2] 16/6/2022 09:59

Good points LT. Cheers.

[dangersimpson2] 16/6/2022 09:58

I’ve no idea I’m afraid.

[lowtrawler] 16/6/2022 09:46

Norry2, I think there is more unannounced knowledge on the TSF than today's announcement: - Expected Recovery Rates - Heads of agreement with processing partner - Likely pipeline costs and timeline - Updates on JORC resource - it is widely believed the 82k is now nearer to 100k

[norry2] 16/6/2022 09:40

Is it likely that the Board's knowledge of progress on the TSF preparation was what stopped the share buybacks? If so, is it possible they restart shortly?

[lowtrawler] 16/6/2022 09:33

ds2, what's your view on pipeline build time?

[dangersimpson2] 16/6/2022 09:30

This is very good news, licensing is always a risk for these sort of things and water was the big one since it had the potential to impact all operations. I doubt there is much risk of licensing for the pipeline since lots of pipelines have historically run through the area and I think even some of the culverts etc will still be in place. The time required to build the pipeline may be the biggest factor going forward. At current gold prices and 50% recovery then this will be highly profitable, and while there is certainly a lot of variables, the TSF profits will be very material compare to the current share price. What you have to consider is the time value of money though. The cost of capital here is high given the location of operations & industry. I am certainly not invested here for a 5% annual return but for the reasons that WH Ireland point out on their latest note - this could double from here and not look expensive even excluding the TSF & PGM potential. The high cost of capital means that the sooner they get the TSF processed the better and hence getting water permits on-time is such good news. The other side of this is that with a high cost of capital the value of the TSF to equity holders rises rapidly as they de-risk the project and approach production.

[lowtrawler] 16/6/2022 09:27

MF, those will be the limit orders set at 10p. Always difficult to gauge what's really happening on the day of an announcement. I'm looking for it to settle into a new range over the next 2 weeks. Movement after then will depend on buybacks / dividends / pog / general market as the current news should be baked in.

[michaelfenton] 16/6/2022 08:52

Crikey there are some sellers?

[michaelfenton] 16/6/2022 08:32

Picking up a bit now.

[arlington chetwynd talbott] 16/6/2022 08:28

Not really, this news was expected.

[michaelfenton] 16/6/2022 08:23

Not much action this morning. Surprising?

[michaelfenton] 16/6/2022 08:08

Thanks Lowtrawler - I always listen to your calculations as you are generally better at it than me.

[lowtrawler] 16/6/2022 08:02

shill, there are bound to be a wide range of views on how much value should be in the share price for this. I tend to be quite cautious. Taking our 7p - 8p trading range from last year and adding on a value for the TSF gives me a target price. I think both elements of my target are undervalued but realistic in the current market.

[shill10] 16/6/2022 07:54

My view is more like 6-8p personally at this stage. They have numbers broadly agreed with 3rd party otherwise would not be incurring costs of licence/work hours on this. Ditto for pipe licence, the SA authorities will have their eyes on the extra taxes generated, so not a lot that can go wrong now we have reached this stage. Plus warner has been super cautious since he took over, never disappointing the market unlike GKG....he's slowly rebuilding trust and that will be reflected in the (currently dpressed0 share price.

[arlington chetwynd talbott] 16/6/2022 07:37

Not sure what you mean. It was an expected positive, not an unexpected one - see recent RNSs.

[lowtrawler] 16/6/2022 07:36

The question I've been asking myself is what value I would currently place on the TSF as a shareholder.Based on recent discussions, I believe there is general consensus successful exploitation of the TSF will provide 10p or more of attributable after tax profit, it could be much higher. Whether this is delivered depends on licences being granted and commercial agreements being put in place. It seems to me that licenses are more likely than not to be granted. After all, the TSF has to be processed some how and retaining the TSF is likely to have more environmental concerns than processing it. I suspect GDP already have a *heads of agreement" in place on the commercial side or else why pursue the pipeline in the first place. With these thoughts in mind, I think exploitation is very likely to proceed in 2023. Personally, I would be happy to reflect 4p for the TSF in our current SP

[arlington chetwynd talbott] 16/6/2022 07:34

Never come across that meaning before. I can stop picturing something that looks like a Picasso!

[michaelfenton] 16/6/2022 07:18

Wow this RNS is game changing and a lot better than pleased to announce. Terrific news.

[lowtrawler] 16/6/2022 07:13

ACT, "the process of removing something, especially water from a river or other source."First step towards monetising the TSF.

[shill10] 16/6/2022 07:09

water licence in and pipe approval by the end of the year for TSF - the market should wake up soon to this, as above adds 10p+ to the share price.

[arlington chetwynd talbott] 16/6/2022 07:08

Abstraction?