Goldplat Share Discussion Threads

[shill10] 09/8/2019 09:37

so ,the buyer paid 4p for at least 500,000, likely more, having bought similar at 3.37 and higher yesterday - looks like he's stepped back for a while right now- as interesting as the trade itself was the rush he was in to buy, forcing the offer up by 0.7p or 22% in 24 hours shows keenness for sure, lets see if he knows anything or not.

[michaelfenton] 09/8/2019 09:16

I have just sold 50,000 at 4p to test the market and it would appear that there indeed is a buyer in the background? If this drops below 4p I will buy back if not my additional 450,000 will do me fine.Either the realization that Goldplat is grossly undervalued has finally getting through or good news is not far away? The POG must be seriously beneficial in the current quarter and for potential sale of Kili.

[sea7] 08/8/2019 17:40

When I saw some of the negative headlines used by the likes of morning star, I was a bit concerned, until I read the rns and realised that the headline they used, doesn't really reflect the reality of what we know and why we are where we are.

I had expected to see the bid tick up one more notch before the close to put us in the blue, however, a flat day will do.

There was no big sell off and there are larger buy orders in the background, so we should be able to build on this now.

[yorgi] 08/8/2019 17:04

A better day than I had expected I have to admit 😊

[sea7] 08/8/2019 17:02

it does and with the global backdrop looking to the downside, we can expect gold to sustain its new level for some time to come and most probably build on it.

[shill10] 08/8/2019 16:46

exactly, Sea. Too many are looking in the rear view mirror (which admittedly was a mess). The gold price rise , IF SUSTAINED, changes everything, for all subsidiaries of GDP.

[sea7] 08/8/2019 16:44

ended the day flat - I bought a few more today. This update reflects the position as at 30th June - that is nearly six weeks ago, we are nearly halfway through Q1 of the 2019/2020 FY.

As they indicated that the company hit breakeven in H2, despite booking losses for the full year, we can see that this positive position will have been enhanced with the increase in POG.

[dangersimpson2] 08/8/2019 16:31

Might have jumped a bit too soon today IronStorm given that there seems to be some relatively sizeable bids for stock in the background. There are very few days where you can sell 750k GDP shares at the mid price! But you are right this is going to take patience before we see the company finances reflect the potential of the operations. Nothing seems to move fast in the world that GDP live in.

[sea7] 08/8/2019 16:25

definitely interesting - not many sellers around for that amount.

[shill10] 08/8/2019 16:21

someone bidding 3.7p for 600,000 shares, interesting.

[sea7] 08/8/2019 15:30

Gerard indicated that by running the plant and processing onsite artisanal and stockpiled material, kpg practically breaks even. It will obviously depend on how much they have and what grade, however, they are getting far more per ounce than they were, when gerard stated that.

[kimboy2] 08/8/2019 15:23

I don't think that Kili is a cash drain any more.

[ironstorm] 08/8/2019 15:15

I have sold out here at a loss - capital is better deployed elsewhere. It seems like little further progress made - and that these are in a holding pattern.

IMHO the FY loss is likely to be a shadow, notwithstanding the TSF value. Still seems to be an awful lot to do there to extract value. The only positive rabbit I potentially see is someone taking away kili. In which case whilst cash drain should improve a further loss will be published.

I am thinking therefore full value of shares is a long way off.

Good luck to all holders - your patience shines through. I'll keep watching quietly in the distance.

[sea7] 08/8/2019 15:03

it should be noted that the buys yesterday have not been sold today off the back of this rns update - there is still strength here.

[sea7] 08/8/2019 14:23

update a bit thin on the ground in detail, however, they are making good improvements.

this update is largely a business as usual update and no meat on the bones.

[1rodson] 08/8/2019 10:48

Grant Thornton UK LLP Nominated Adviser

these guys could not advise on how to boil a kettle.

South American was always a no goer at least for those with sense.

[kimboy2] 08/8/2019 09:51

On the TSF the situation ASIU is that there is a two pronged strategy. Firstly there is trying to sort out the pit.

The second involves the present site for the stock dam. They have rights over quite a bit of land in front of the present dam. The have applied/are applying for a new dam in front of the present dam.

This will give them additional capacity and also allow them to churn the present material into the new area thus bypassing the pit issue.

I believe they have been looking into the relative advanatages of getting a third party in to process it on site into the new area or doing it themselves.

[dangersimpson2] 08/8/2019 09:40

A bit disappointed, not so much with the content of the ops update which is in line with previous guidance but that it took them 39 days after period end to write it, and it didn't contain the actual production numbers as previous updates did.

Having £2.1m cash at year-end is positive. I think one of the reasons that they are struggling to get material is that some competitors are paying cash on delivery rather than 4-6 month pipeline of processing. The bigger cash balance they can build the greater their flexibility in sourcing.

At current gold prices, the TSF has to be worth something like £25m to the company once reprocessed (although NPV obviously reduced by the time value of money) this simply has to be a priority IMO since this will generate all the cash they need to build sourcing in the rest of the business.

[russman] 08/8/2019 09:39

No real news.
Still seem to be struggling to source quality material.
Probably due to the old issue of Rand Refinery.
At least Mali is closer than South America.

[shill10] 08/8/2019 08:28

easy to forget but it was only at the end of May that Gold was $1285 and it has since risen over $200 - this operational report covers the three months up to end June 2019 - the next half year is going to be in a very different gold price environment imo, with big impacts on GDP's businesses.

[michaelfenton] 08/8/2019 08:28

shill10 = yes the world is going down the rubbish chute and as a consequence the rush to safe haven of gold. I agree this is likely to continue so I am sticking with Goldplat but wish they would make some progress? The pit store is of huge interest to me?

[shill10] 08/8/2019 08:16

agreed Shareholder - but with the Gold price rise that got a whole lot easier - GDP can't comment on that right now as Gold has only just shot up and could possibly go back where it came from , making them look foolish if they were to say the outlook has improved - but if you believe like I do that we are at the start of another major bull market for gold then this has some large implications for GDP.

[michaelfenton] 08/8/2019 08:03

Marked down 0.35p on opening?

[shill10] 08/8/2019 08:00

Overall , given where the market cap is at £6.9 mill Isee this as positive - the VAT refund and cost savings (£1.5 million in total) are in relative terms huge and should allow the sale of Kili at a big percentage of current mkt cap. Slight disappointment of Ghana in this corner, but the share price is all about looking forward and the rise in Gold price will mean increased gold production and more supply for GDP going forward. Overall several large risks taken out (the reason the share price has been so low) and positive outlook for me.

[shareholder7] 08/8/2019 07:59

Sales being sourcing and so much needs to be done here