Goldplat Share Discussion Threads

[shareholder7] 08/8/2019 07:57

Sort of what you expect from an accountant and this is on the down beat side because of this which is good The most significant point is receiving the vat paymentWhy would anyone buy out Kili if the Kenyan govt don't honour commitments. So good for our cashflow but even better for prospective buyer Again it's sales

[kimboy2] 08/8/2019 07:48

I thought it was pretty much as expected.

The increase in gold price will help with the gold they own. They mention their strategic stockpile which IIRC is about 16kozs. Gerrard bought this a couple of years ago.

It is a no brainer to start processing this at present prices.

Another piece of good news is that it is clear that no money is going from GDP to Kili whatever the losses are there. If it runs out of money then it goes bust, which is presumably why the stakeholders and government are supporting it.

[pog1234] 08/8/2019 07:44

Small steps in the right direction. However, GDP has a lot to prove going forward. One fairly ok report does not say a lot.

[wigwammer] 08/8/2019 07:37

The ops guidance is in line with guidance overall, with the benefit of vat refunds (which may be worth up to $1m) and cost improvements of £500k pa - both highly significant in the context of a £6m valued company. Rise in POG in recent months will be improving value of the 82k oz pit, availability of material, and will like accelerate kili talks. I won't be selling!

[yorgi] 08/8/2019 07:23

I would say your summary and conclusion are pretty much spot on Michael. I don’t understand why the sharp rise in share price last night in light of that report. It’s a good job the POG is strong and looks to remain so for the near term.

[michaelfenton] 08/8/2019 07:16

Update today was disappointing to say the least? No real progress apart from cost cutting and we now know that Kili is on C&M.The recent spike in the POG must be helping right now but no mention of that going forwards. Ghana which is producing more Gold than SA still problematic as they are failing to gain new business? I fear the share price will head back down today? Any thoughts guys and or girls? Tell me I am wrong please.

[shill10] 07/8/2019 17:26

agreed Sea but the worry was that losses in the other areas might get GDP in trouble before they could get the cashflow from TSF - that worry has gone with Gold's move.

[sea7] 07/8/2019 17:14

late trade reported of 200k buy.

the TSF dwarfed the share price at $1100 gold in my view.

[michaelfenton] 07/8/2019 17:10

well said shill10. No sign of one but GDP is so undervalued a takeover is not impossible. 10p should do it? OK only dreaming after today.Tomorrow should be busier? as someone else mentioned selling at this price is for muppets?

[shill10] 07/8/2019 16:58

for me the market is hugely inefficient in pricing in the difference between $1250 and $1500 Gold for GDP. Everything changes - the main business has expanding customer production and hence supply, Kili has significant positive value and upside potential, the TSF becomes financially viable even with low/expensive recovery rates - each one of these dwarf the current mkt cap of £6.9 mill, not holding my breath for the share price to reflect that, but it will do one day.

[sea7] 07/8/2019 16:14

I have made numerous purchases in the two's and one at 3p - so I have no intention of selling them any time soon.

[dangersimpson2] 07/8/2019 16:11

Nice, shows what happens when you get a bit of buying pressure in a very undervalued stock, anyone who has held for a while and bought into the turnaround won't be willing to let much stock go at these levels so the buying means the market makers have to up the bid repeatedly to free any stock.

[sea7] 07/8/2019 16:10

Yep, count that on one hand if I recall, in the last decade!

[yorgi] 07/8/2019 16:06

😊 it’s not often seen there.

[sea7] 07/8/2019 16:05

goldplat moves to highest riser of the day - forgotten what that was like to see!!

[sea7] 07/8/2019 15:39

definitely and second highest riser of the day, will get it on the radar of other players.

[yorgi] 07/8/2019 15:30

Closing in on 4p now. An excellent recovery from it’s low of May/June.

[dangersimpson2] 07/8/2019 15:12

Gold going guns and hitting all-time highs in ZAR and Cedi and geting close to 2011 highs in Shillings. This should hopefully encourage mines to want to access the trapped gold in their mine waste and send materials to GDP.

Still waiting for Q4 production report. I'm guessing they want to get some resolution on Kili before announcing it all together.

They then need to focus on Ghana IMO, West African gold mining is seeing a big resurgence - see this article from CAPD founder Brian Rudd:



Being able to deliver in Ghana at the same level as SA there will massively improve GDP's profitability going forward.

[sea7] 07/8/2019 15:09

yep - about time goldplat started to reflect this.

[yorgi] 07/8/2019 14:56

Moving on up again. Hardly surprising with the strength of gold.

[yorgi] 05/8/2019 13:57

Good to see the uptrend appears to be holding and hard to see why it wouldn’t with the strong price of gold.

[sea7] 05/8/2019 11:48

The part I would like to see some traction on is the TSF.

Even at £300 profit per oz and a recovery of 50k oz, we have an in situ value of £15m

They will easily make more per ounce on this, once they get going. Then there is silver and uranium.

This off balance sheet item is worth more than the current mcap on its own.

To me, that is a 10p share price all day long, just for the TSF as a base case.

Add in the other value at the recovery plants, exclude kili completely and we should have an 18p valuation as our floor.