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% 7.625p 7.25p 8.00p 7.625p 7.625p 7.625p 7,503 07:41:38
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 31.7 -1.0 0.2 38.1 12.77

Goldplat Share Discussion Threads

Showing 21676 to 21700 of 21700 messages
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DateSubjectAuthorDiscuss
23/2/2018
07:52
Yep sure is and it would seem that, this would be why rand have chosen to agreee to an out of court settlement. We will get an idea from the finals, when it has been forgotten about by most others.
sea7
22/2/2018
15:28
That's interesting. Seems as though GDP had the assays to back their case but RR were saying it was difficult to assay and therefore couldn't be relied on. Begs the question as to how they came to an assessment that they got less than they should. Anyway it is all water under the bridge now.
kimboy2
22/2/2018
14:43
From rand refinery's integrated annual report 2017 covering sept 2016 to august 2017.. hTTp://www.randrefinery.com/Documents/Rand%20Refinery%20Integrated%20Report%202017.pdf Goldplat Recovery (Pty) Limited (Goldplat) On 1 July 2016 Rand Refinery received a letter of demand from Goldplat claiming payment of an amount of R13 million pursuant to the toll treatment of material, which amount Goldplat alleges is due and payable to it and remains unpaid. Goldplat indicated it will institute legal proceedings against Rand Refinery without further notice ,unless it receives payment of the amount on or before 8 July 2016. The parties agreed for CM Solutions (Pty) Limited to perform an independent metallurgical review, which was completed during March 2017. The costs for the review were shared between the parties. Rand Refinery’s interpretation of this review can be summarised as follows: ̈ The material sent to Goldplat was highly heterogeneous, difficult to evaluate and hard to process. ̈ Considering the highly variable nature of the material, the sampled and assayed content may not have been 100% accurate and some allowance for variability should be acknowledged. ̈ After adjusting for the nature of the material, the independent review identified some under performance by Goldplat. ̈ After consultation with Tabacks Attorneys, the recommended way forward is to seek a settlement agreement with Goldplat Recovery in terms of which Goldplat Recovery settles the underperformance value. On 13 September 2017, Goldplat lodged an application for the settlement of R13.4 million, plus interest at the high court. This is the amount by which they believe they have been underpaid. Rand Refinery disputes this indebtedness, even before considering its claim for damages. As such, Rand Refinery has lodged its intention to oppose the application. Rand Refinery has lodged a summons for damages resulting from a) Goldplats breach of warranty and b) Goldplat’s misrepresentations as to their skills, equipment and knowledge leading to Rand Refinery’s contracting. Their numerous breaches of contract will be dealt with at the evidence stage. Our claim will not be less than R41 million.
sea7
22/2/2018
13:03
I'm surprised that they didn't have to take a provision for the Rand amount in the previous set of accounts - if they had we would have been able to calculate the amount paid as they wrote back the provision to P&L. I guess management were very confident of their legal case and they have been proved right! That they didn't take provision through the P&L means I think that they will have to take any shortfall in settlement through the P&L as an exceptional cost. We can probably work out the payment although it will have been confused by FX changes. Any interest payments will probably just be finance income. If there is no exceptional cost they will have effectively been paid in full. We won't see this in the interim set of accounts due to being post-period although maybe receiving the settlement is key to not having to declare a provision in the interims. Of course the real benefit is to cashflow not profit. Having RR onboard again should help that beyond just the cash payment because it should reduce the pipeline length vs more distant refiners. Again probably won't show up in the interims but could be significant in the FY accounts.
dangersimpson2
22/2/2018
12:11
Well I hope RR have had to pay Goldplat costs too as part of the settlement?
michaelfenton
22/2/2018
11:16
Well i thought they would get it out the way before the interims but expected a number. It looks as though one or other, or both, didn't want a number disclosed. I suppose it would invite comment as to who had won or lost which wouldn't help an ongoing relationship. We will no doubt find a number in the small print of the AR next September, when it will all be water under the bridge. It would be interesting to know exactly what are the benefits, and consequent finances, of the RR relationship are.
kimboy2
22/2/2018
10:55
There is RR resolution.Should have been resolved sooner.Arbitration usually goes "lets split 50:50".It will be in the notes to the accounts - sooner or later.
russman
22/2/2018
09:04
On Ramaphosa I thought his speech was a rather softer line than previously, not that agricultural land refers to GDP. I think the view is that he is going to be more business orientated than the previous. On selling I think it is just drifting till results.
kimboy2
22/2/2018
08:39
There seems to be a steady flow of selling? Any idea why anyone?
michaelfenton
22/2/2018
08:26
Goldplat is unlikely to be affected by such policies, as its land is not agricultural and is unlikely to be. Taking that land and then attempting to give it to dispossesed africans will simply render the land useless. You are more likely to see the south african entity that is goldplat recovery maintain its land, yet be subject to slightly more BEE ownership and more black africans sitting on the BOD. Ramaphosa knows exactly what happened in zimbabwe and is desparate to avoid that. The south african policy of land redistribution has been slow to date and whilst there are some successes, there are a large number of examples, where the commercial scale farms have simply ceased to exist, the white farmer has left and the land has not been farmed to the same degree as before, as it is now controlled by potentially 100 families who do not work on a commercial scale and do things differently. Ramaphosa and co. will be mindful of the impact to the food supply, whilst trying to redistribute land without destroying the remaining support of international investors. There will be a lot of fast talking and slow implementation as has been the case since the 1990's
sea7
22/2/2018
07:20
I think the risk in South Africa is somewhat underestimated for GDP! Even though the new President is only talking about confiscating land without compensation, this sets the tone for the future... hTTps://www.youtube.com/watch?time_continue=1844&v=f0LvWnnHnyM
pog1234
21/2/2018
20:19
Need the interims this week.
russman
21/2/2018
15:50
rodson/miller - I would focus my attention on lion if I were you, it is dropping towards the 2's again.
sea7
21/2/2018
15:41
Kimboy220 Feb '18 - 10:15 - 3915 of 3917 (Filtered) . Kimboy220 Feb '18 - 15:19 - 3917 of 3917 (Filtered) I see the dog has taken yet another hit on its way down to 4p,
1rodson
20/2/2018
15:19
That was the level mentioned for the issue of GDP shares. Of course we don't know how much they will need and there are many ways it can be tackled. It looks as though Alecto may be getting vendor financing for their 30kozs operation for example. I suspect we will be through 10p once it is announced if the deal is anything like.
kimboy2
20/2/2018
13:44
10p appears to be the magical figure.
russman
20/2/2018
10:15
Yes it was suggested on the serious thread that the emergence of WHI could mean that they are putting plans in place for the touted mining acqusition. One of the things that has held it up is the share price lagging behind developments in the company. Perhaps they think that will soon be overcome. There are of course innumerable types of arrangement that could be done to finance a deal, assuming that they actually need the cash. I would favour selling shares in the new subsidiary as opposed to the whole group. For example on the website it says in relation to kili; talks with potential investors or joint venture partners continue, primarily with the aim of procuring additional resources within the region and undertaking exploration drilling to increase the resource on Kilimapesa's exploration permit.
kimboy2
20/2/2018
09:10
WHI organised the previous share placings. Maybe GDP thinks WHI could do another one.
russman
19/2/2018
07:55
Still think they will want the RR agreement out before the interims, if possible. There was an expectation for this to be the beginning of Feb, but lawyers and courts are involved so there is no surprise at a delay. The finances of the deal are almost irrelevant, as it will seem like a Brucie Bonus after all this time. Hopefully the agreement may go wider than just the money and include some sort of deeper business agreement. That may increase the supply of material, and should lead to a shortening of the pipeline. However they seem to be doing very well garnering material by themselves atm. Always surprised me this dispute as I am sure the RR lost more from the dispute than what was under dispute.
kimboy2
18/2/2018
13:52
Interims will probably be 26th Feb so hopefully we will get any note from WHI on the website.
kimboy2
17/2/2018
18:29
IMV the success or otherwise of WHI will be if they manage to improve the p/e rating of the company. ATM we are on a historic p/e of about 9 and a VSA 2018 forecast p/e of about 6.5. IMV this rating indicates a company fairly stable but in long term decline, which is perhaps what the VSA forecast suggests. So what can WHI do to improve the rating? Well for a start giving more realistic forecasts which will show a decent growth profile will help. Making these forecasts more widely available will also help. I suspect that WHI has a much wider clientele. It would also help if we could get more institutional holders on board, but I don't suppose that will happen short of a placing. Perhaps a buyback may collect enough shares to sell on to an instituion.
kimboy2
17/2/2018
16:11
also will be interesting to see the new broker's earnings estimates- guessing they won't be lower than VSA
shill10
17/2/2018
13:47
Never understood their broker estimates.
russman
16/2/2018
17:56
The interims were out on the 20th Feb last year, so may be out on Monday. I had thought that they wanted the RR announcement first but I can imagine the courts and lawyers are delaying everything. It will be interesting to see if WH Ireland have more poke than VSA.
kimboy2
16/2/2018
15:20
W H Ireland are better than VSA.
russman
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