Goldplat Share Discussion Threads

[kimboy2] 25/2/2020 20:40

On the options I think that the outstanding options are;

1. Werner has 3m at 3.05p

2. Hansie has 3m at 3.125

3. Gerrard has 2,666,667 at 3.125


Gerrard forfeited 2/3 of his options when he resigned.

I think on 1/7/20 that 1m of Hansie's expire and possibly Gerrard's though it is unclear when the options he forfeited vested.

As things stand we will get some options exercised this year.

[kimboy2] 25/2/2020 15:47

Gerrard didn't keep his options, or at least the majority of them. I think the only ones with options are Werner and Hansie.

If someone was cashing in options we would be getting an RNS on voting rights.

[shareholder7] 25/2/2020 15:03

My guess is that GKG kept his options and could be selling.I would have thought long term holders would not be selling now.

[shill10] 25/2/2020 15:00

yeah, rightio :)

[shareholder7] 25/2/2020 14:59

Goldplat plc, the AIM listed African gold producer, announces that on 22 July 2015 it granted 8 million share options to Gerard Kisbey-Green, Chief Executive Officer and 3 million share options to Hansie van Vreden, Chief Operating Officer of the Company to subscribe for new ordinary shares of 1p each in the Company (the "Options").The Options have an exercise price of 3.125p per share representing a premium of approximately 67% to the closing mid-market price of 1.875p on 22 July 2015. The Options will vest as to one third immediately, one third on 1 July 2016 and one third on 1 July 2017. The exercise period of the Options is between 1 and 5 years from the vesting date.

[sea7] 25/2/2020 14:26

GKG is a mining consultant now according to his linked in page.

[shill10] 25/2/2020 14:26

Shareholder , re GKG you could be right - do you know how many he had ? Guessing job opportunities not too plentiful so he may well need the cash...

[sea7] 25/2/2020 11:06

shill,

Yep I agree shill, the investment climate is changing and we should see things far more supportive of gold over the next few months, at least.

I am expecting the 10p level for goldplat towards April/May time, if gold remains at its current levels or higher and the company continues with what it is doing and doesn't announce anything else.

If we get some movement at kili/anumso, the TSF or gold pushes much higher, then we might move higher sooner.

of course, we could be at 10p next week!!!!

[shill10] 25/2/2020 10:56

back to 7% bid offer, guess what happens next ?

[shill10] 25/2/2020 10:45

I'm looking up, not down Sea :) with £1.69 mill after tax profit (1p per share)forecast by Kim, plus $3.3 mill boost pa from stockpile (see above- equates to 1.5p per share) plus Kili, plus TSF, plus Gold $1660, I'm expect 10p in next few weeks - a big call but lot of new people are drawling AIM for Gold plays now Gold is on fire, expect that GDP will be amongst the very best opportunities that they can find.

[sea7] 25/2/2020 10:42

yes - good, sensible numbers KB!

[shill10] 25/2/2020 10:39

Thanks for that, Kim, very encouraging.

[sea7] 25/2/2020 10:23

The stock has bounced off the 6p level a couple of times and it is beginning to demonstrate being the new support level.

As long as we see continued buying pressure every time the MM's drop the price to 6p mid and it is sustained, then we will have confirmation of the new support level of 6p, with resistance at 7.5p.

Gold staying over $1500 should easily support 6p going forwards and with gold over $100 higher already, we should be confident in that the rerate from the mid two's to 6p is complete.

[kimboy2] 25/2/2020 09:50

This is what I think is the outturn for H1/20;


2019 H1/20 H2/20E 2020EOp 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 -0.91 -0.84 -1.75SA Non con 26% -0.508 -0.45 -0.561 -1.011Ghana Tax 15% 0 0 0 0 Finance -0.37 -0.18 -0.15 -0.33 Central costs -0.23 -0.35 -0.58 PAT -1.959 0.684 1.009 1.693



The question for the second half, ignoring such as resolution of Kili or tolling in Ghana, is the effect of the increase in gold price on profitability.

There is a tendency, when the gold price is high, for GDP to process its least profitable material so the full effect of the price rise might not show through.

In addition the gold price rise will be most beneficial to stocks that they already own. Presumably the price is rising on material it is purchasing.

They did own about 32kozs of material, in addition to the TSF. Some of the least profitable was the 'strategic stockpile' that Gerard bought. There is 16kozs in it and it cost £600k.

They are now processing it over 2 years so this will represent about 30% of South Africa's production.

If we assume 70% recovery and $600/oz profit then that will be an operating profit of about $3.3m pa for the next 2 years from this heap.

The gross profit margin was 23% in H1/20. Can't really see how that cannot jump in H2/20.

[shareholder7] 25/2/2020 09:46

Dose anyone know if GKG still has his options at 3p. As he is no longer a director he can then sell without any declaration.

[shill10] 25/2/2020 09:12

didn't have time to mention yesterday, volume in GDP now exceeds 100 million shares, or 60% of the entire shares issued since the quarterly update a month ago. That is insane, I'm convinced someone else other than Ooi is stake building,guess we will find out sooner or later.

[dround87] 25/2/2020 09:02

No more than 1500 quid and you may get it. Got a few this morning.

[michaelfenton] 25/2/2020 08:49

Tried and failed to add some this morning. I see some small BUYs have gone through. Anything below 6p seems a steal?

[silverspoon2009] 25/2/2020 08:47

The drop here seems overdone, hard to buy in size.

[shareholder7] 25/2/2020 08:46

For the long term holders this is a great opportunity to buy.

[shill10] 25/2/2020 08:43

and just for reference Martin Ooi paid 5.8p for FIL's 9 million shares when Gold was at $1570 - suggesting he might be keen for more here with Gold $80 higher ?

[shill10] 25/2/2020 08:20

I will be buying where Martin buys...