Goldplat Share Discussion Threads

[glennborthwick] 21/2/2020 10:00

dipped my toe in here after watching it for years

[shill10] 21/2/2020 09:36

Also Ghana and SA have some Gold Price Call Optionality in that they benefit from ramped up production at Customer Mines creating more recovery business - when you add in the fact that GDP was already on course for making c £2 mill this year from recovery businesses ten Kimboy's target of 20p share price starts to look conservative.

[shill10] 21/2/2020 09:18

great point , Kimboy - the market is still totally and completely blind to how geared GDP is to a rising Gold Price. GDP owns multiple call options on the price of Gold with strikes now clearly in the money - by this I'm thinking primarily of TSF (88,000 oz) and Kili (c 50,000 oz). If I add in your 16,000 oz and assume 50% recovery for TSF (v conservative) thats 110,000 oz now well in the money - another way of putting that is that every $100 on the price of gold is worth $11 million to GDP, or 5p per share !!!! The share price keeps going up and the share keeps getting more undervalued because the price of Gold moves the company's holdings even more.For reference, since the 23rd December 2019 the price of Gold has gone up by $150, adding 7.5p to GDP's net worth (ignoring all recovery ops). The actually share price has risen 4.5p. Hard for the market to keep up, but this is cheaper than it was at 2.5p in December.....

[kimboy2] 21/2/2020 09:06

Somebody seems to be scooping the pot up as the rand price of gold is going through all records.

The gold price seems to be floating all boats. There must be pressure to get the TSF going asap.

Gerard also bought a 'strategic stockpile' of 16kozs for $600k some time ago, and they were still doing tests on it recently to optimise processes. This stockpile was said to be marginal but profitable. That was at $1100/oz.

If we assume that the cost of processing was $1,000/oz (think it will be less than that) then the potential profit from this heap is greater than the market cap of the whole company at present prices.

[shill10] 21/2/2020 08:17

nothing on the offer again

[shill10] 20/2/2020 15:32

here we go again, ready ,steady

[shareholder7] 20/2/2020 11:35

Sorry Pog need to sell it and the best time to sell it is when people think we should keep it Too much of a distraction and keep to the knitting we don't have e the expertise in mining Never been a better time than to get rid

[pog1234] 20/2/2020 11:28

I have come to a decision on where I stand regarding Kilimapesa. My view is that GDP should keep Kilimapesa and continue to develop the mine themselves or list a part (keeping a majority) of the shares on the Kenyan stockmarket to raise cash.
Conditions for continuing:
The Kenyan VAT and are confident of good relation with the Kenyan authorities
Recovery business continues to deliver this half year and the prospects for the future is looking good

The base for my view is that:
Gold price seems fairly stable and if it can establish itself over $1,500 this is positive for Kili
The rest of the business is performing strongly and if this continues GDP can afford some more loans to Kili, the risk reward ratio is good IMHV if the conditions above are met
Making Kili profitable should not be too far off and if this is achieved the value of Kili must be considerably higher than selling it now!

[kimboy2] 20/2/2020 09:42

There is no doubt that Martin Ooi now controls the company. The rest of the shares are so widely dispersed that he can put anything through the AGM that he wants.

The question is what does he want, and perhaps what does he know.

[sea7] 20/2/2020 08:41

yep - if he is buying FIL stake, then he needs to declare another 1,356,409 shares, to make 31,659,192, which is 18.90%

then we should get the rns from FIL saying they are at zero.

[shill10] 20/2/2020 08:34

Martin Ooi still buying up here , now 18.09% !!!

[shill10] 20/2/2020 08:22

believe PLHC has the buy order of the other big buyer yet to RNS

[shill10] 20/2/2020 08:19

one mkt maker PLHC controlling the price, on both bid and offer, expect a shaking of the tree to panic a few weak longs out before the results, got my bids in below ,expect the usual outcome.

[michaelfenton] 20/2/2020 04:38

Personally I would like to see the back of Kili. Quick sale while the POG is high (no guarantee how long it will hold?)or the sale of a percentage with the buyer picking up the running costs.Kili has been such a drain and Goldplat has a different core business?

[shill10] 19/2/2020 21:15

back of the envelope 5k ozs production for 10 years= 50k oz - $200 on Gold price in last 7 months means extra profit of $200x 50,000= $10 mill. Of course super basic calculation but designed to show the gearing of a Mine that breaks even at $1400....

[kimboy2] 19/2/2020 21:11

I think most would be happy with anything from Kili.

For me the most important thing is to build up inventory to guarantee full production for at least a couple of years ahead. If they do that then GDP will be worth 20p+.

The rest is cream on top IMV.

[shill10] 19/2/2020 20:24

I'll put my balls on the line and say it could be more than $10 mill.

[shill10] 19/2/2020 20:16

and implied Kili valuation of Kili sale/funding will be way beyond people's expectations - $1600 gold means this is a very "valuable asset" as Werner put it.

[shill10] 19/2/2020 20:03

expect good numbers, hope for Kili sale.

[michaelfenton] 19/2/2020 19:27

Well I hope they are as good as promised in other words exceeding expectations? You are the figures man kimboy?

[kimboy2] 19/2/2020 18:05

Well I presume the interims will be out next week. Any expectations or hopes?

[shill10] 19/2/2020 00:26

good point, Shareholder - this might be of interest also

[dangersimpson2] 18/2/2020 23:39

$ gold price strength not just due to weakening dollar too, so hitting new highs in ZAR, and should lead to higher margins, particularly on fully owned stockpiles.

Let's hope the new highs in the POG in Kenyan Shilling helps get some Kili deal over the line too.

[shill10] 18/2/2020 15:45

$1600 Gold - Kili and TFs dwarfing current market cap on their own

[shill10] 18/2/2020 14:05

usual mkt makers, 0.5p bid/offer with nothing for sale still...