Goldplat Share Discussion Threads

[1rodson] 09/10/2019 11:35

I trust in a shorter time span than it took with the last.

I have not bothered to research this chair because the work I put into GREEN, EVEN THOUGH PROVEN CONCLUSIVELY CORRECT went unheeded until way too late.

THIS TIME THE MUGS CAN DOYR but whatever you come up with it will have the dinosauric effect........ie. take three years to sink in.lololololololololololo

[russman] 09/10/2019 09:19

If the chairman does not deliver, he has to go.

[1rodson] 08/10/2019 18:20

once bitten??????????

this junk company is like a hungry mosquito

[russman] 08/10/2019 09:34

I wonder if any AGM resolutions will be withdrawn this year.
The special resolution looks remarkably similar.
75% of the vote required.
Once bitten, twice shy.

[kimboy2] 07/10/2019 22:45

Yes I think that they are planning on staying at Kili with an investor, rather than just flogging it. IMV this is probably viable with gold at present level.

Notice that a load of the options have lapsed or been forfeited and gone down from 18.5m to 5.33m.

Thought this was good news;

Goldplat will continue to look beyond its current recovery operations for opportunities to apply its skillsets and resources to promote its longer term growth

Seems obvious to me it GDP will gradually transform into a mining and environmental clean up company.

[sea7] 07/10/2019 16:28

for 2020 priorities...from AR.

they specifically state, looking to restart tolling in ghana
focus marketing efforts, broaden the geographic and product diversity of materials sourced.
secure by product material for GRG from outside ghana.
sourcing material for the CIL plant at GPL.

And seeking co-investors for kili.

[dangersimpson2] 05/10/2019 12:46

I agree that exec directors are not independently wealthy and putting significant amounts of their wealth into the company they work for is not a great idea. However, non-exec directors don't have this restriction. That the non-exec directors, who should be independently wealthy, won't invest their own money is a significant issue IMO.

When I challenged the Chairman about this his response was "I did invest my first year's fees in the company" which speaks volumes about his mindset towards the company IMO.

[russman] 05/10/2019 05:27

Didn't GDP have a couple of years supply stockpiled.
Has it been stolen?
Let me guess - wrong sort of junk.

[shill10] 04/10/2019 18:12

perhaps they think that they have enough of their future net income/wealth tied up in Goldplat's success already ? With Directors without independent wealth I have never bought into the idea that they should have to leverage themselves further to prove their loyalty to the Company. From an individual balance sheet perspective it can hardly been seen as sensible diversification.

[shareholder7] 04/10/2019 15:08

Thought about topping up and could buy £5k at 2.99pThen said to myself why are there no directors buys here ?So think I will just wait for the next press release as if they have no confidence in their own company, why should we ?

[1rodson] 03/10/2019 22:57

The company looks like the stuff it seeks to process.......a pile of old rubbish!

Must be tough on the long termers watching the old dawg fall away every day losing its value by the minute.

Never mind chaps some bright spark here will undoubtedly pop up and call this A GREAT BUYING OPPORTUNITY.

[1rodson] 02/10/2019 17:53

you cant really Russ as there is so much of the stuff just lying around there.

[sea7] 02/10/2019 16:23

first interview with Werner..

[sea7] 02/10/2019 15:24

Decent interview - no "window dressing" on it either, which is good to see.

[shill10] 02/10/2019 14:20

Being slightly less cynical the lack of a forward looking statement now allows more separation from the GKG days and given that Kili losses have been stemmed this will allow Werner to take some credit for this years profit improvement- if Kili comes in flat then with improvement on POG , profits of £1.5 mill seem reasonable, gives P/E of 3.3.

[michaelfenton] 02/10/2019 10:27

YES POG is critical as it opens up opportunities. The question is will they take them. is it cynical to think that letting the price drop will open up options for current management? I hope not but would like to see them take some skin in the game. GKG had virtually none.

[shill10] 02/10/2019 09:32

and interesting that the share price was here at 3.1p in April 2019 when Gold price was $200 lower.

[shill10] 02/10/2019 09:16

Agreed Shareholder, that and kitchen sinking. Why not if you are a new CEO you only get one chance to blame stuff on the previous CEO. Little focus on here that mkt cap is now £5 million, I'm happy to add given that the Gold price is still strong (and likely to continue rising imo) which will help the recovery ops and Kili. The main negative is TSF delay but since this is valued at zero at the current mkt cap this isn't going to stop me - its still an unrecognised asset that dwarfs the mkt cap of the company and there could easily be a solution much sooner than 3 years which all of a sudden makes Werner look like a hero.

[shareholder7] 02/10/2019 09:03

No forward looking statement driving price down watch out for new share options soon

[ironstorm] 02/10/2019 08:19

Good day to one and all in here. FWIW I thought I would give my view (as an ex. Holder).

These results are pretty awful and give no reason for an outsider to buy-in. The TSF is a killer.

I can understand it might be different for holders - and the belief must be that the new CEO has kitchen-sinked this and will now see the upside.

It must be said that the upside whilst tantalisingly close still seems unattainable. I am surprised this has dropped below my sale price thought it had broken that cycle the day after I sold. Looks like it will stagnate between 3-4p without good news. And on bad 2p looks possible. The problem is EOY results are unlikely to look pretty even with a good half year.

Hopefully, as always, Kili will go soon which might give a short term lift. But it really does look like GDP just cannot make the business work. If I still held I would sell. I sincerely hope for you guys something will turn out good. Tho I recommend selling into any spike.

[kimboy2] 02/10/2019 08:11

Do you know there is material at Rand, or just guessing?

I thought the big news in the announcement was doing lower grade material. In the interview he talks about having a visible 3 - 4 year production, which IMV would be transformational.

[shareholder7] 02/10/2019 07:32

Agree and this company would not want an outsider involved as it's jobs for the boys.This company does not need a new FD, Werner can do CEO and FD and save us moneyA dedicated FD would not have enough to do Have to agree with Russman on the other board, there is material next door at Rand I still have not lost faith because of the gold price and as Sea has always said, this business runs itself so once Kili is sorted, CoCo the clown would be a good CEO provided he does not make any decisions

[russman] 02/10/2019 06:47

Still think the root of their current sourcing problems is the old dispute with Rand refinery.
Explain why GDP cannot source sufficient material in Africa.