Goldplat Share Discussion Threads

[snakesbelly] 11/8/2019 20:09

YOUR A CRY BABY RODSON AKA DAN MILLER. CP tucked you up like a kipper lol. I'd shake him by the hand if I saw him. Wish I could see your face you muggy peasant ! Have the council sorted out the damp in your council flat yet ? LOLOLOLOLOL

[snakesbelly] 11/8/2019 20:07

Wish I could see your face Rodson aka Dan Miller. Just been reading the Lion BB and haven't stopped laughing at you crying like a little baby about your money you lost. Your a peasant now.

[sea7] 10/8/2019 12:43

from ashanti gold, MD and A dated 31st May 2019...

Currently, Goldplat and Ashanti are continuing the drafting of a shareholders’ agreement for the joint venture on Anumso, as proscribed in the option agreement between the companies for Anumso.

ashanti also took 100% control of the kossanto east project in mali

goldplat has a new client in mali

[michaelfenton] 10/8/2019 07:14

We need to get shot of Kili as the price of Gold is on an upward curve but eventually will come back down. Goldplat model is not really based on the POG but Kili most certainly is which has been the problem.

[shill10] 09/8/2019 21:03

agreed Kim, but think you are perhaps being a bit negative - what if Gold goes to $1600+ ? The is already some optionality value in Kili and it could yet be a significant positive to GDP.

[kimboy2] 09/8/2019 20:56

I believe that Kili is effectively dead as a negative drag on GDP. Kili is surviving on whatever cash flow it can produce and credit from 'stakeholders', which I presume means creditors.

It does not seem to me that it is being subsidised by GDP and if the cash stops to operate it then it will go bust.

[shill10] 09/8/2019 20:36

wow, biggest buyer in a long while , lets see if he carries on.

[sea7] 09/8/2019 19:53

yep -kili has been overshadowing everything.

did you see the after hours trade go through for 785,340 shares at 3.82p - someone hoovered up a decent chunk there.

[shill10] 09/8/2019 17:26

fair points- but I guess this has all been eclipsed by Kili's problems.

[sea7] 09/8/2019 14:39

because the contracts back then were structurally flawed - they were priced at the prevailing gold price when the material was purchased or agreed to. When the gold price started to come down, this flaw was exposed and goldplat had a lot of high priced, loss making feedstock on its hands.

The ghana plant had just been fined for environmental breaches and the CIL plant had been shut down, with the company forced to spend out on getting rid of the stockpiles for that section.

elution capacity was lower at benoni and none in ghana

The issues with rand refinery were just beginning and were only getting worse as dore was starting to backlog into 2013/14 and customers weren't getting paid for their material, as rand wasn't accepting it - we now have mulitple refiners on hand

[shill10] 09/8/2019 14:31

"Golplat, structurally is in a far better condition that it was back in 2012/13 when the gold price was around these levels before. The company is getting stronger now, whereas before, it was suffering." Interested to hear exactly why you think this, Sea ?- the share price certainly doesn't agree :)

[sea7] 09/8/2019 13:49

Goldplat maintains its margins by blending and rotating grades to match the gold price environment, as close as they can, to optimise the operation.

They will be pushing through lower grade stuff at the new, higher gold prices to get a decent return on it. The higher grade stuff will be added, if they feel they need to boost the production levels.

Golplat, structurally is in a far better condition that it was back in 2012/13 when the gold price was around these levels before. The company is getting stronger now, whereas before, it was suffering.

[shill10] 09/8/2019 13:49

via some late trades looks like our buyer took another 800k at 3.62 on top of the previous buys.

[shill10] 09/8/2019 13:47

good point Dangers- at the very least though it provides a high margin option to use as and when there are gaps in supply from customers - this takes out another historic GDP risk and credit to Gerald for that.

[dangersimpson2] 09/8/2019 13:34

Should definitely be now profitable IMO, hence the trial in June. The challenge is that it seems to be instead of other production meaning the production reduces due to the lower grade(although it may be more profitable overall far the company given the stockpile is now fully owned and boght cheaply.) What they need to do IMO is find a way of running things like the stockpile & the TSF as incremental production & still keep their foot on the gas for their regular sourcing.

[shill10] 09/8/2019 13:02

yep $400 gold price increase x 16000 is a significant number to a £6 million mkt cap company.

[kimboy2] 09/8/2019 12:50

A couple of things strike me from the update. Firstly Kili is isolated from GDP cashwise.

Secondly the strategic stockpile could be quite lucrative. It was 16kozs which Gerrard bought for £600k IIRC.

The heap was described as 'marginal' at the time which I took to be costs of around $1k/oz processing and purchase cost.

What was marginal at $1100/oz looks rather better at $1500/oz, and rather better still in rand.

[michaelfenton] 09/8/2019 12:48

shill10 - my thinking too. If you want the mine buy the whole thing and dispose of anything you do not want to keep now the POG is over 1500$. Even a bit of asset stripping as there is plenty of value there? Unlikely yes but not stupid?

[shill10] 09/8/2019 12:27

maybe if the rise had happened over a few days then I'd agree, but it just seems a guaranteed way to get a bad fill - re a takeover I agree there are very few players interested in such a diverse mix as is GDP - just one thought, they have been hawking Kili round to all and sundry for a while ,maybe someone though it was cheaper and easier to buy the whole thing? With Management credibility low/CEO sacked the premium might not have to be too huge either, just a stab in the dark, unlikely but you never know !

[dangersimpson2] 09/8/2019 10:45

I'm not sure there is any time-sensitive news. Maybe if we got £5m in cash for Kili that would do it, but the ops update didn't sound like a deal was coming in the next month or so and we'd probably be all happy with much less than that. Finally getting West Pit 3 for the TSF would be great news, but it would be 12-18m before we saw the large cash flows from TSF reprocessing. Other options, takeover? Well there does appear to be a big disconnect between the cashflow generating potential of the company and the market cap combined with a lack of direction. However, GDP is very much a niche player; I'm not sure there is any obvious consolidation purchasers. So, in reality, I think it is simply someone seeing the value here in a positive gold environment and looking to free some stock from weaker hands.

[shill10] 09/8/2019 10:00

agreed Dangers, but 22% move up in bid price in 24 hours suggests to me that time might be an issue for the buyer - but we will see.

[shill10] 09/8/2019 09:51

haha, market makers losing money even on a 7% spread.

[michaelfenton] 09/8/2019 09:48

dangersimpson - yes just repurchased 50,000 at 3.8p.

[dangersimpson2] 09/8/2019 09:38

You should be able to get them back at 3.8p now. Nice little trade.

I think the buyer is being a bit coy, was bidding in size yesterday at mid-price 3.7p, upped their bid this morning to 4p see if that loosened any stock, and has now backed off and are letting the price fall on small sells so that people with trailing stops or who get panicked by short term drops sell out and they get a better price.

All fun and games, but if you do want to trade micro-caps in size then waiting around for someone to trade with you at a static price rarely generates any volume.