Goldplat Share Discussion Threads

[shill10] 19/3/2020 09:26

I'm buying back stuff I sold higher here, someone needs cash desperately and I'm happy to give it to them at this price - market cap £5.9 million.

[kimboy2] 18/3/2020 18:08

Yes it would be interesting to know what percentage of their costs are oil. I seem to remember from various reports that it was about 15%.

I always thought that one of the good things about GDP was how small amount wages were as a % of revenues. Last year it was 18%.

They were already reducing costs significantly before all this.

[shill10] 18/3/2020 17:40

plus the price of Oil just hit $21.5,down from $62 at the start of the year, further reducing costs - the perfect storm.

[shill10] 18/3/2020 16:42

good point Dangers - that will show in the results and forecasts

[dangersimpson2] 18/3/2020 16:36

The other thing to remember is that most investors fixate on the dollar gold price whereas profitability mainly follows the ZAR/KES/GHS gold price (at least for fully owned resources that are processed). ZAR spot gold prices are higher then they have been all year, apart from a brief period in the last few weeks.

[kimboy2] 18/3/2020 15:43

GDP would be cheap now even if all the stuff wasn't going on and gold price elevated.

I think we will just have to wait for the Q3/20 announcement to see how well GDP are doing. The company have no interest in stoking things up in this fevered atmosphere.

The numbers will talk.

[shareholder7] 18/3/2020 14:31

I have got out of all stocks and only hold gold, silver and GDP. My take is we should be OK on GDP but would be worried on anything not gold / silver.I think things will get far worse as all countries having to borrow now but who wants government bonds other than central banks. Inflation is coming with all this paper money being produced and I am amazed Gold is as cheap as it is.Key thing though is stay safe

[shill10] 18/3/2020 14:17

agreed again Shareholder - shocked to be saying this but the very future of fiat money is at risk right now , gold is here simply due to margin calls and stop outs by spec longs, once the dust has settled it will be way higher, its the dream scenario for it.

[michaelfenton] 18/3/2020 13:45

shareholder - There is still a risk with GDP but the upside is huge. I am now sitting back on a loss but can afford to wait. I also have a large holding of BP down 50%. Just have to sit and wait things out.

[shareholder7] 18/3/2020 13:09

I am doing the same Micheal. If you have cash then you are in good shape but it's the people that need cash that have to sell any asset. Normally they sell their best assets first.We still have lots of good news to come and i expect gold to brake out in a months time What would you rather have, paper money backed by nothing or gold. It's a shame they change to plastic as it will solve the toilet paper issue soon

[michaelfenton] 18/3/2020 12:46

I am buying daily at any price under 4p. Am I being stupid?

[shareholder7] 18/3/2020 10:40

Fiat currencies now coming under pressure pound goes under 1.20 won't be long before people wake up and buy gold

[shill10] 17/3/2020 16:36

Agreed, shareholder. There could not be a more bullish scenario for Gold than helicopter money - it might start small but once the politicians have got their hand in the cookie jar, the lid will not be put back on until we go well, well above $2,000.

[shareholder7] 17/3/2020 16:02

US news QE4 up to a $1t, helicopter payments, deferment of tax this is very good for gold and Fiat currencies now will come under pressure.Inflation coming and all currencies will come under pressure with dollar probably being the strongest. GBP will fall more

[shareholder7] 17/3/2020 15:05

Excited about GDP as gold busts through 1500 again Think this is the start of a run and best of luck to all you long term holders and I have just added Need strong nerve here but history tells us this is the right place to be

[shill10] 16/3/2020 21:43

we've had a stock market crash and a $250 margin call selloff in Gold - and Goldplat is 60% higher than mid Jan - remarkable.

[michaelfenton] 16/3/2020 20:51

Just a case of the baby being thrown out with the bathwater?

[shareholder7] 16/3/2020 20:24

Gold holding up really well but silver is a mess with ratio now over 110Happy with 1500 for gold and still confident GDP will be the get out of jail card

[kimboy2] 15/3/2020 08:31

Thanks shill

Gold recovery business Goldplat (LSE:GDP) is unusual in that it produces gold from waste product from mines. The company moved back into profit in the six months to December 2019 thanks to greater efficiency and the higher gold price. This led broker WH Ireland to upgrade its full year pre-tax profit forecast from £1.3 million to £2.2 million. The forecast year-end cash was also upgraded from £2 million to £2.9 million, which is two-fifths of the current market capitalisation.

At 4.05p, Goldplat is trading on 10 times prospective 2019-20 earnings and that could fall to less than four if it can achieve 2020-21 estimates. Cash will build up if this target is achieved and a return to dividend payments could be on the cards.

That means the broker is forecasting a £0.67m attributable profit for the year to end June and £1.7m next year.

IMVthey will beat that for this year by a margin.

[michaelfenton] 15/3/2020 08:09

Thanks shill10 - enjoyed the read and the positives re GOLDPLAT. The POG will eventually head north again as explained.

[kimboy2] 13/3/2020 17:11

Yes. I don't think Goldplat numbers will be grim.

[shill10] 13/3/2020 12:57

by GDP you mean gross domestic product ? :)