Goldplat Share Discussion Threads

[michaelfenton] 25/9/2019 14:02

POG at just over 1500$ is critical. We are all of course hoping for a further rise but that is not guaranteed. I do hope they are pulling their fingers out whilst the window of opportunity is still open? Some small buys today which may indicate news?

[kimboy2] 25/9/2019 12:36

We will have to see what is in the final results but I am hoping the higher gold price has opened up solutions to the two most pressing problems - Kili and the TSF.

IIRC Kili was said to need $3m of expenditure and this would bring a production level in the future of about 7kozs. It was also stated that the AISC would be around $1050/0z.

At the present gold price that would give a one year profit sufficient to pay back the expenditure, once up to full speed.

They could forward sell projected production at $1500 for two or three years to guarantee the price received, which significantly reduces the risk of the venture.

You would think that this possibility, not available with the lower gold price, would open up some alternatives.

Similarly with the TSF. There were various options being looked at wrt to the TSF. The pit was the most profitable and the others less so.

I would suspect that the lesser options are now more profitable at the higher gold price than the number one option at the lower gold price. Again they can forward sell to guarantee the profit.

Anyway we shall see.

[shill10] 25/9/2019 11:19

bidder for 200k at 3.33, nothing for sale on the offer.

[shareholder7] 23/9/2019 14:03

I can't see this getting any lower as we all know the loss will be the same as the first half as we broke even in the second.What I am hoping though is for production figures for the first quarter if these are good then share should rise If this goes down any further then I am with you on buying more but my take is we are at the low now Gold still pushing towards 1600

[sea7] 23/9/2019 10:29

update would nice - forward looking that is!!

[michaelfenton] 23/9/2019 09:35

Yes the accounts will not look good but I am rather hoping for a decent/positive forward looking statement. We are due an update as well as the accounts. Even if only the increase in POG effect on figures should help.

[sea7] 23/9/2019 09:17

The accounts will be out soon. I am planning to add again, however, as the accounts should show the loss as at end june, then I may get a cheaper price to buy in, when they are released.

[shareholder7] 12/9/2019 13:53

Yes best not look at the price on a daily bases unless you want to top up You are so right if GDP does not make £2m profit this year with POG at this level they all need firing Investors that don't know this share will not be a buyer until good news comesProbably only around 10 investor are topping up at the moment We all know the key trigger points A deal at KiliThe stock pile Getting sourcing to Ghana POGSouth Africa will always do wellSo I think we are due some good news and the temporary CEO will be cautious for now I really think we have turned a corner and am building a stake again

[dinky00] 12/9/2019 13:37

Shareholder, there's your answer. Less than 50 people in the world look at this or trade it. Market Makers know sellers will always show up eventually. Keep spread wide and call the price down at every possible opportunity in order to scare sellers into caving in.
No inside (directors) buying.
No buybacks.
Whats to stop Market Makers pushing the price down.

Its painful. I don't sell because for the life of me I can't see how a company that could have profits of £2m+ with minimal improvement can have a mkt cap of £6m. But it does my head in when I see a 15% pullback over the course of a few days because someone sold 50k shares here & there.
Lets just ignore the 2% rally in Gold today then!

[shareholder7] 12/9/2019 09:41

Wish there was an editor here (:-

[shareholder7] 12/9/2019 09:27

I am hopping that we have come to the end game here with gold having a strong resistance at 1500How many people do you think trade this share ? My guess is less than 100 and possibly only 50 This is why you get movements on low volumesSo until there is news from GDP the share will be stuck here but there is two value now at 3.6 in my view Long term shareholders will hopefully benefit as we know this company well now and with just one good quarter we should see 6p again

[sea7] 10/9/2019 22:23

not rns'd yet - probably the 3rd week of october though, as has been the case for the AGM in recent years.

[pog1234] 10/9/2019 20:09

Does anyone know at what date the AGM is?

[michaelfenton] 10/9/2019 17:03

Agreed shareholder - I have added a few more. I am surprised there are any sellers out there unless we have more bad news? Does not seem possible though.

[shareholder7] 10/9/2019 16:48

Dinky needs some news from the company first before this will move and I brought more today I am much more confident than I have ever been with Kili on C&M and the gold price around 1500There are very few people trading this share and the first bit of good news this will start to fly Think anything around the 3.6 is a buy for me and glad to pick them up

[dinky00] 10/9/2019 15:33

GDP share price is back to levels of Nov-March when Gold was $1200-$1300.
That makes sense!

How the hell is this thing ever going to go up when the share price behaves like this????

[kimboy2] 03/9/2019 17:12

I suspect that some of the alternatives will be more profitable at $1500/oz than the west pit would be at $1100/oz.

[sea7] 03/9/2019 15:38

yep - it has dragged on, as west pit3, being the most economical deposition site still eludes goldplats control.

[michaelfenton] 03/9/2019 14:56

sea7 thanks. It is about time this stock was monetised? The current POG lets say 1500 it is essential to take advantage of this and hence get it on the balance sheet where by rights it should be.

[sea7] 03/9/2019 11:17

The rise in the POG does make a big difference to the strategic stockpiles and TSF valuations.

If we say that the TSF recovery rate is only 50% - that means 40k ozs or thereabouts.

at 1300 gold we get $52m in revenue
at 1400 gold we get $56m in revenue
at 1500 gold we get $60m in revenue.

we can see that on a recovery rate of 50%, every 100 dollars on the gold price is $4m in additional revenue that can be achieved.

This is goldplats "elephant in the room" and they will no doubt communicate about it when we actually get some movement on it. It isn't even on the balance sheet iirc.

[michaelfenton] 03/9/2019 11:05

sea7 - thanks I was aware that the finals are due near the end of the month. That is not really what interests me - but rather how things are progressing now. The rise in the POG is game changing? Or am I wrong?

[sea7] 03/9/2019 10:59

finals will be released later this month to end june 2019 - unless there is an ops update on some developments beforehand - this is my next bit of news to get.

last year we had two ops updates, one update on kili and the finals between april and september.
This year we have had three ops updates between april and today - getting the finals towards the end
of the month, like last year, will mean newsflow has been about the same.

[michaelfenton] 03/9/2019 08:57

I am getting a tad impatient. Am I being overly worried? When will we get some news? Kili, New appointments, Effect of POG rise? Tip? Any ideas anyone?

[michaelfenton] 01/9/2019 17:03

Pog1234.

My view is that given the present POG we should sell Kili. Reopening is always expensive and the mine has always proved loss making?

Lets go back to the original business and make guaranteed profits. The mine is a distraction and appears to lead to a loss of concentration on our core business and the resources stored in the pit?

[pog1234] 01/9/2019 15:10

Some thoughts on Kili
You should always reconsider your position if things change. My starting point is that it is good that Kili is om C&M and that GDP will sell all or part of the mine. This view is based on the constant losses and promises of hitting break-even/making a profit which has never materialized. In addition, the situation is Kenya has been far from stable with VAT refunds not being paid out. On top of this it is difficult to assess when the mine could be profitable. The grades vary making the cash-flow and cost of mining fluctuate. I have difficulties getting my head around the gold reserves, how much does the open mine contain and how much is in the surroundings? My guess is that it will be costly to try to mine anywhere else than the open mine.

So if I challenge my view, what would make me reconsider my position on Kili? A few positive things could happen, but will any of these be enough to make it worthwhile keeping Kili? The things I have on my mind are:
1. All the refunds are repaid
2. The Kenyan government show commitment to build a stable mining environment
3. The price of gold continues to rise and show no sign of falling back
4. The rest of the GDP business is doing great generating a lot of cash-flow

Would you lend some of the cash-flow to Kili to re-open the mine? Would it make sense to do it, i.e. you would realize more value running it yourself (maybe selling it later) than making a firesale or get a low price now?
I can´t say I am convinced if 1-4 does happen, but it is worth giving it a thought or two.

Any thoughts?