Goldplat Share Discussion Threads

[sea7] 28/2/2020 10:27

not selling any MF, in markets like this.

[michaelfenton] 28/2/2020 10:04

Wow people are selling? I have added a few more and I am seriously overweight Goldplat.

[sea7] 27/2/2020 19:10

no problem - it is quite good and free.

[djt83] 27/2/2020 19:04

Thanks. Didn't know that existed.

[sea7] 27/2/2020 18:55

this one -it is displayed on the trades tab for todays trades -

[djt83] 27/2/2020 17:52

Which platform did you see that on?

[sea7] 27/2/2020 17:31

late report of a trade of over 460k shares at 6.5p showed up

[sea7] 27/2/2020 17:25

yep shareholder - more to come.

UK is seeing some now and selling off in markets
once the USA starts getting it more, then a further sell off will ensue.

traders that have never seen a bear market are likely to be experiencing their first one now.

They may buy the drop, however, as it drops further, more panic will set in and they will be squealing for fed/ecb/boe etc support, however, stimulus doesn't work when global supply chains are interrupted, profit forecasts are written down and the over inflated stock market just simply implodes.

i hear talk of "circuit breakers" -- waste of time - just delays the inevitable and will get in the way.

[shareholder7] 27/2/2020 16:41

Are we about to enter the greatest crash of all time. It's been 10 years since the last one and the red flags are flying.Northern rock / Corona virus.When people in the US start to get this we could have a market crash next week At the moment they are just not drinking Corona, they don't get it, I could not believe this when I was told but does not surprise me.Watch the panic next week

[shill10] 27/2/2020 16:41

yep -spot on - when you have 88k oz in TSF, low grade stockpile, Kili and the recovery business as asset backing, shareholders can aggressively buy the dips caused by punters selling out when the overall market plummets - not so in most other shares.

[sea7] 27/2/2020 16:23

yep - I recall the 2008 collapse and GDP stayed solid, however, did move 20% down at the worst point and then quickly recovered and gained a bit. Then it powered on to new highs.

It does have great defensive qualities to it, in times such as this.

[shareholder7] 27/2/2020 15:49

Isn't it ironic that all the shares apart from GDP are all plummeting.After all these years we've actually made a great call

[shill10] 27/2/2020 12:40

I'm afraid we are looking at a very bad outcome re the virus ,extremely worrying. For GDP, unlike 99% of companies, it doesn't even matter if some of its activities are disrupted short term, the holdings of Gold in TSF/low grade stockpile and Kili mean that the share price could be 5-10 times higher than now in a worst case where Gold goes above $2,000 - and I do not say that lightly.

[michaelfenton] 27/2/2020 12:20

Kimboy the effect on GDP of the consequent rise in gold will be humungous? IMHO.

[kimboy2] 27/2/2020 11:44

I think gold is going to remain strong for some time. IMV there is little doubt that the UK is going into recession. The forecast, reported on Sky yesterday, seems to be about -1% but that will depend on how bad the virus gets.

Newsnight were reporting that the Government's worst case scenario involved digging mass graves as the system would be flooded with too many bodies to deal with.

Don't think it will get that bad but IMV it will get worse than seems to be the central projection atm.

Donald Trump putting a climate denier in charge of their response, having sacked most of the scientists, doesn't encourage an optimistic view.

I suspect that the rand will be very fragile if/when there is an acknowledged outbreak in South Africa.

The question for us is what will be the effect on GDP of the consequent rise in gold price from all this.

[shareholder7] 27/2/2020 11:19

Talk of Feb doing QE4 as markets fall which will help gold even more Good to see a plan come together albeit a few years later than what I thought

[michaelfenton] 27/2/2020 07:33

Djt - thanks good point.

[djtaylor1] 27/2/2020 06:38

Hi Michael. Those are the trades I was referring to. 2 x 190k and 1 x 100k. During the last half hour of trading, I could sell 100k shares at 6.04. When the bid moved to 6.1 shortly before close, the best price I got was 6.13 to sell. So it seems to me that those orders were being filled in the background. Both were executed above the price at which I could sell, which led me to believe that they were buys.

[michaelfenton] 27/2/2020 06:01

djt83 - all I can find is 100,000 SELL at 6.2 at 17.08 and 190,000 SELL at 6.159 at 16.37 - what have I missed please.

[shill10] 26/2/2020 18:21

good spot - very unusual, lets see what happens tomorrow.

[djt83] 26/2/2020 18:09

Some nice chunky after market buys just reported. Hopefully bodes well for tomorrow.

[shill10] 26/2/2020 18:06

agreed. Also with Anumso. Did a bit of digging, Ashanti decided to exercise its option to take 51% on 5/11/18 - this valued GDP's remaining holding at $1.5 mill also - it declined to pay $1.5 mill for a further 24% (which would have valued GDP's current holding at $3 mill) - but crucially both of these decisions were taken with Gold at $1230 and c$1280. Putting an exact value on Goldplat's 49% holding now is complete guesswork, but one can safely assume that it is a lot more than $1.5 million, given that Gold has risen roughly $400 in the meantime - the wording in the results reads to me that they have an agreement with a buyer and are dotting the i's and crossing the t's.

[kimboy2] 26/2/2020 17:40

Any buyer for Kili could always sell gold forward if they wanted;



as could GDP for the recovery operations.

I think that the effect of the gold price rise on GDP is being underestimated at present.