Goldplat Share Discussion Threads

[sea7] 24/2/2020 09:07

they estimate 97% of virus cases show very little symptoms - no more than a cold would - which means it is already far more widespread than they are admitting.

[michaelfenton] 24/2/2020 08:58

Kimboy - virus is important as it is driving the POG. No one wants a pandemic but it appears there could be more to come and panic is setting in?

[kimboy2] 24/2/2020 08:44

Not a huge amount in addition to the update but one or two things I noticed.

They are still expecting the permission to do tolling in Ghana. If they get this then it will be a game changer financially. The profits from this were about £2m pa till they were stopped.

I noticed there was a reference to waste removal:

Our portfolio of core assets consists of two gold recovery operations in South Africa and Ghana, which recover gold from by-products of the mining process, thereby providing mines with an environmentally-friendly and cost-efficient way of removing waste material

IMV this is where GDP will end up as a mine clear up operation.

Also noticed;

The construction of the pre-treatment facility at one of the CIL circuits at GPL has been completed and the facility is being commissioned, with all indications being that it has increased, as planned, the gold recoveries and margins of the large contaminated stockpile we have on site, improving visibility of material supplies for next 18 to 24 months.

I think this is a reference to the heap of 16kozs that Gerard got. If they are going to process it in 24mths then that will be 8kozs pa.

It would seem that there are a lot of these contaminated piles in close proximity to GDP. Gerard paid less than $50/oz for it.

If gold goes up $100/oz then this heap is worth $1.6m more in profit from this heap.

Talking of the gold price the rand price is up 3% today in rand terms. This virus doesn't seem to be going anywhere soon, and the knock on economic effects have been underestimated IMV.

[shill10] 24/2/2020 08:37

reads that way - hopefully the price is based on $1680 gold :)

[sea7] 24/2/2020 08:24

Our portfolio of core assets consists of two gold recovery operations in South Africa and Ghana, which recover gold from by-products of the mining process, thereby providing mines with an environmentally-friendly and cost-efficient way of removing waste material, and the Kilimapesa Gold Mine in Kenya, currently under care and maintenance.

No mention of anumso at all - is it just about gone?

[eezymunny] 24/2/2020 08:04

Precisely...

You gotta be in to win but as with every commodity producer, success highly geared to commodity price...

[shill10] 24/2/2020 07:56

yep- if you think gold is going down GDP is not for you - on the other hand, it only has to stabilise above $1500 for lots of very good things to happen - TSF, Kili, low grade stockpile...

[eezymunny] 24/2/2020 07:52

I think that's the point shill10. Very quick and rough calc says the bottom line would be about 3 x higher than these numbers at today's gold price.

So it's either very cheap indeed. Or it isn't. Depending on the future gold price.

[shill10] 24/2/2020 07:51

pre market trade of 7.7p

[shill10] 24/2/2020 07:51

maybe GDP are holding out for what they see as fair value and to be fair so far this is working out like a dream with the POG rising $200 since December (remember these results were based on $1460 Gold !!!) - one thing is for sure Kili is worth a lot more than the market thinks at $1660

[michaelfenton] 24/2/2020 07:46

Agreed shill but this is why moving Kili on is difficult?

[shill10] 24/2/2020 07:44

pre market 7.5 bid

[shill10] 24/2/2020 07:41

very hard for them to give an outlook when the POG has risen $100 in last 10 days-no way does the outlook reflect $1660 , more like $1500, they would look very stupid if they issued a gangbusters outlook and then POG returned to $1400. If POG stays above $1600 there will be another "profit exceeding mkt expectations" announcement for sure.

[michaelfenton] 24/2/2020 07:38

All well but a tad disappointed by little news on outlook and Kili still a drain. The problem with Kili is that the rising POG although very good news cannot be guaranteed? But overall positive.

[shill10] 24/2/2020 07:30

in a way a little frustrated no news on Kili, but on reflection, given where Gold is going delay will mean much better price for GDP

[shill10] 24/2/2020 07:09

results out

[michaelfenton] 23/2/2020 11:26

Thanks Kimboy - yes the narrative for the future is what I want to learn.

[kimboy2] 23/2/2020 11:06

It was the 25th last year, but could be any day next week.

My forecast is;


2019 H1/20 H2/20 2020Op Pr SA 2.607 2.601 3 5.601Op Pr Gh -1.026 0.148 0.25 0.398Op Pr Kil -1.934 -0.295 -0.34 -0.635 SA Tax 28% -0.728 -0.728 -0.84 -1.568SA Non con 26% -0.508 -0.508 -0.561 -1.069Ghana Tax 15% 0 0 0 0 Finance -0.37 -0.15 -0.15 -0.3 Central costs -0.35 -0.35 -0.7 PAT -1.959 0.718 1.009 1.727



The FX movement on their intercompany loans always seems to affect the results disproportionally to their significance, but barring that this is what I would expect for H1/20.

The second half I think underestimates the potential. There is an operational momentum as well as very beneficial movements in the rand gold price.

It wouldn't surprise me if the PAT outturn for H2/20 was £1m more than I forecast.

As always the narrative for the future will be more significant than the numbers for the past period.

[shill10] 23/2/2020 10:15

no link - please repost or delete

[michaelfenton] 23/2/2020 06:49

Has anyone news of when the announcement will be made - I mean which day I do not want to miss anything?

[sea7] 21/2/2020 18:04

yep and you shill - until next week!

[shill10] 21/2/2020 17:31

have a great weekend everyone, next week should be interesting !