Goldplat Share Discussion Threads

[dinky00] 26/3/2020 16:42

and you couldn't buy anything at 7p a few weeks ago. Wasn't is supposed to be coming up on 20p round about now??

Another disaster to add to the list

[shareholder7] 25/3/2020 19:11

Yes sorry what I meant was the MM are selling as much as you want

[michaelfenton] 25/3/2020 19:01

Yep shareholder MAY BUY EVEN MORE GDP TOMMORROW but who knows when it will pay off?

[shareholder7] 25/3/2020 16:30

Yes go to bullionbypost.co.uk nothing available GDP however you can buy as much as you want

[michaelfenton] 25/3/2020 16:26

I tried to buy a small amount of Gold Bullion today and failed. Swiss gold bar production has halted. Is this the beginning of a Gold and Silver shortage especially if mines are being asked to shut down - however temporary that might be?

[shill10] 25/3/2020 08:58

bottom line is South Africa won't have the option of a super long shutdown that maybe richer countries that can borrow more easily could. So perversely that should limit the disruption for GDP.

[shill10] 25/3/2020 08:55

Sea and Kim, what is the profile of debt on the balance sheet,repayment dates etc if you know off hand ? We knew this had happened already, obviously not good but its what the market has been pricing in for last few weeks. On the plus side £2.8 mill cash is a decent increase from last results from memory which shows business was cash generative, guess the question is how long that will pay the bills for?

[michaelfenton] 25/3/2020 08:37

Someone still disposing - but they will be snapped up? SA is total turmoil which is a worry. 20% of the population have HIV and they have been through Ebola. My view is that the black population are fatalistic and will shrug all this off (you will either dies or you will live. The question remains as to how long Goldplat cannot trade. Somehow 3 weeks seems a tad optimistic. Time to concentrate on business in Ghana and Kenya? A perfect op to concentrate the mind. Rand still collapsing.Next update will be interesting?

[michaelfenton] 25/3/2020 08:37

Someone still disposing - but they will be snapped up? SA is total turmoil which is a worry. 20% of the population have HIV and they have been through Ebola. My view is that the black population are fatalistic and will shrug all this off (you will either dies or you will live. The question remains as to how long Goldplat cannot trade. Somehow 3 weeks seems a tad optimistic. Time to concentrate on business in Ghana and Kenya? A perfect op to concentrate the mind. Rand still collapsing.Next update will be interesting?

[michaelfenton] 25/3/2020 08:01

A banking crisis in on the way for sure with worldwide bankruptcies. Italy first maybe but it will cause contagion. So those who are holding cash in the bank should beware? The current situation and huge borrowed by Governments will only stall things. Gold should be the winner. This is another opportunity to BUY? At 4p why would anyone be selling Goldplat?

[sea7] 24/3/2020 19:06

yep - a fair assessment KB - glad your still holding up!

[shill10] 24/3/2020 14:55

spread now back to 2% so dangers dissipating for now - but well worth watching, at the highs today the spread was at levels only seen once in 2008/9.

[shill10] 24/3/2020 11:01

Gold Futures are trading 4% above spot - this is an attempt to take delivery of futures long and force a Comex default/cash settlement - could not be more bullish, buckle up.

[dangersimpson2] 24/3/2020 10:21

Sadly, I doubt they will be classified as an essential service if the mines aren't! Let's hope it is only 3 weeks.

[michaelfenton] 24/3/2020 08:44

GDP are not a gold miner in SA so presumably at present they are still able to operate and trade? Kili is in Kenya.

[shill10] 24/3/2020 08:42

eg £ price of Gold £44,000 a kilo, well above previous £41,000 kilo top last year.

[shill10] 24/3/2020 08:35

its all about the gold price- GDP owns huge amounts of Gold, even if it has to hunker down for a few months, that Gold (44koz TSF, Kili, low grade stockpile) is worth so many multiples of the share price it is mind-boggling. People still not getting it that Gold in nearly all currencies apart from $ is at all-time highs and that's what matters.

[michaelfenton] 24/3/2020 08:30

I am amazed some still trying to sell? I am always 90% longterm and only 10% trading? Just back in front with GDP now.

[michaelfenton] 24/3/2020 07:40

SA mines closed for 3 weeks minimum. Not sure how this will effect GDP? Gold rising sharply as expected.

[shill10] 23/3/2020 22:24

Short term going to cause problems, but we knew this was coming and that's what the markets have been pricing in globally since 24th Feb. For me what will drive the share price is the price of gold and execution by GDP management.

[shareholder7] 23/3/2020 19:05

South Africa lockdown any thoughts

[shill10] 23/3/2020 18:05

we are back to the same sort of mis-valuation as mid Jan, great opportunity once more, no doubt the AIM swarm will be buying at 7-10p in a few weeks rather than now.