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Share Name Share Symbol Market Type Share ISIN Share Description
Goldplat Plc LSE:GDP London Ordinary Share GB00B0HCWM45 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.375 4.63% 8.475 8.25 8.70 9.10 8.00 8.00 3,036,305 15:42:52
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 24.8 -1.1 -1.3 - 14

Goldplat Share Discussion Threads

Showing 25976 to 25999 of 26750 messages
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DateSubjectAuthorDiscuss
13/3/2020
12:57
by GDP you mean gross domestic product ? :)
shill10
13/3/2020
12:21
The situation generally seems to be getting a lot worse quickly. We haven't seen any GDP numbers yet but they are going to be grim. There are still the bailouts to come as well. A lot of companies are going to go bust. Anyway it will be positive for gold price into the foreseeable. The effects will go well beyond the development of a vaccine. As far as GDP is concerned I think it just needs to carry on with the knitting and let it all wash over. One bit of knitting is the TSF. I thought this was interesting in the interims; Evaluating the investment into a larger t ailings storage facility and additional mill and leaching capacity to enable us to reprocess our current TSF; It looks to me as the processing apacity will be going in with the new stock dam, which is fairly imminent.
kimboy2
13/3/2020
10:23
10% bid offer, nothing for sale, market makers clearly short
shill10
11/3/2020
12:03
agreed, was just trying to be super conservative - if we get to 70% recovery, that £56 million becomes profit, not revenue - 32p per share of profit with £2 mill+ pa of recovery op profit, plus low grade stockpile etc etc. GDP imo is now more undervalued than it was at last years lows, due to the $200+ rise in the Gold price.
shill10
11/3/2020
11:59
The TSF always was economic. The cash cost is probably around $600/oz. It may be that the recovery rate will be higher the higher the price of gold. They can justify more processing if the end product is more valuable. The university research that GDP initiated had a recovery rate of 70% with some processes.
kimboy2
11/3/2020
11:14
thanks Kim, that all makes sense - the key thing is that the rise in the Gold price means it is economically viable to process TSF even with some extra costs, this is not factored into the share price in any way whatsoever- 44k oz (50% recovery) is currently worth £56 million or 32p per share - just typing that is crazy, but happy to hear from those who see fault in those numbers.
shill10
11/3/2020
10:49
I presume some of the AIM swarm have seen prices fall elsewhere and their attention span has lapsed. The next ops update will give us a bounce ahead of the last one IMV. Presumably some people think they can get back in before that.
kimboy2
11/3/2020
10:17
Thanks Kimboy I always enjoy your mostly positive thoughts. Kili still concerns me I would like it sold off. My worry is the future POG which cannot be guaranteed although looks set fair for at least the rest of this year. Yes Euro and Eurozone has real problems - Greece which is slowly recovering will be hit hard again on the tourism front and Italy will see some further Bank failures. A worldwide recession is already pencilled in. My question is why is the share price of GDP being slaughtered again? I have increased my stake well above my 500,000 share limit and am beginning to feel nervous.
michaelfenton
11/3/2020
10:17
Given that they have decided to process it on site I think it will be quicker than we think. On the drying out issue I can understand if they were carting it somewhere it would be beneficial to dry it out. Not quite so sure if they are doing it on site. If they are heating it there may be an additional cost. If they have a plan as to when TSF production will start they could always forward sell the gold at present prices.
kimboy2
11/3/2020
09:30
Looks like the Treasury is expecting a big downturn - 'large and sharp'. Presumably a lot of countries are going to be worse hit than us. I can forsee a lot of trouble for the Euro ahead and a re-run of the Greek and Italian problems. The net effect could be that gold is going to stay elevated for some time ahead. The question for GDP is how much of the increased gold price will fall into the GDP bottom line. Before the recent rises I was expecting a £2m post tax profit based on the interims. That puts us on a p/e of about 4. I suspect that they are working through the stocks of gold that they already have. The 16koz stockpile that Gerard bought was mentioned in the interims. They are processing this over 18mth to 2 years at a cost of about $900/oz, so the gross profit from this can be reasonably calculated. In addition there are various other events that are expected with greater or lesser probability; 1. Kili - there is a clear route now to a profitable mine. We must surely be close to a resolution 2. TSF - I think that they will get geared up for this with the redesigned stock dam. There is clearly pressure to start asap now they have decided on the route to production 3. Tolling in Ghana - perhaps the largest instant effect. With the Ghana goverment and inevitably takes ages, but could come any time particuarly if there is financial pressure on the government 4. Increase in Ghana inventory - problems feeding the Ghana machines seem to be easing.
kimboy2
11/3/2020
08:26
Where the hell is the bottom?
michaelfenton
10/3/2020
10:39
And so is the the buyer (:-
shareholder7
10/3/2020
09:33
The seller is still there?
michaelfenton
09/3/2020
16:32
goldplat - 18th Highest riser of the day - shows its defensive qualities in this carnage - ended the day blue.
sea7
09/3/2020
13:42
Well said shill10.
michaelfenton
09/3/2020
13:08
a lot of gold shares getting sold today - those that are indebted I can even see some logic to that- but to me GDP has rock solid balance sheet and TSF/low grade stockpile that are both worth multiples of the current mkt cap - hence its better than buying physical Gold, really not bothered what games the mkt makers play with the price day to day, value will out.
shill10
09/3/2020
12:42
gone blue- up 2.6%
sea7
09/3/2020
08:35
others on here will likely be able to crunch those numbers better than me, would be interested to see revised margin and profit estimates for next year based on current prices of Gold, Oil and rand.
shill10
09/3/2020
08:31
you might well be right Kim, with such volatility every forecast is fraught with difficulty - but there is also the issue of the share price becoming unhinged from the company's position due to forced liquidations by punters losing fortunes in the rest of their portfolio. IMO we are close to the same sort of undervaluation relative to the fundamentals that we had 9 nine weeks ago when the share price was 2.4p - GDP's prospects have improved that much, Gold is up $200 in ten weeks, the Rand is down 15% and Oil down 40% - you couldn't make up a better scenario for GDP.
shill10
09/3/2020
08:15
It is Kili I am awaiting news on as have always stated a wish to get shot of it and concentrate on core business? Yes Kimboy it is all about numbers now that the stake building has dissipated somewhat?
michaelfenton
09/3/2020
08:02
Unfortunately I don't think we will get that announcement, even if it is true. We will just have to wait for the numbers.
kimboy2
09/3/2020
07:49
and with the Rand collapsing as well, GDP's costs are collapsing while their incomes soar - expect "Profits to exceed expectations by a mile" announcement soon.
shill10
09/3/2020
07:28
Gold soaring, oil collapsing is the perfect storm for GDP and all Gold Miners https://twitter.com/TaviCosta/status/1236800651075584000?s=20
shill10
09/3/2020
07:21
The rand is under pressure. It was down 7% against the dollar at one stage. It will be interesting to see where we open up.
kimboy2
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