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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
  -0.10 -1.67% 5.90 5.70 6.10 5.95 5.90 5.95 371,958 15:00:20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 24.8 -1.1 -1.3 - 10

Goldplat Share Discussion Threads

Showing 26051 to 26074 of 26475 messages
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DateSubjectAuthorDiscuss
01/4/2020
15:28
Thanks bozzy.
michaelfenton
01/4/2020
13:56
This is starting to look interesting. Better management than when I was last invested. And a coronavirus-hammered valuation. Looking more closely at GDP's recent updates, it's balance sheet and it's running costs: Update on 25th March 2020 £2.8m cash on hand. £0.5m unused bank facilities. £3.3m total liquidity. Further update due in April. Based on the last set of results, overhead costs (i.e everything that's not included in cost of sales, which would be mining costs) of £740k for admin and £180k for net interest payable, for 6 months. So roughly £920k per 6 months in overheads, using this very basic calculation. I expect the actual number would be different due to care & maintenance while not running. So perhaps £1.2m per 6 months while closed? Looks like the existing cash will see the company through. It's near the top of my to-buy list. One of many bargains out there. Edit Sea7's post 7790 is probably better, coming from someone who knows the company well. I didn't include wages which would currently be included in cost of sales.
bozzy_s
01/4/2020
09:59
Kimboy can you answer the above question?
michaelfenton
01/4/2020
09:50
What are they spending a month, with shut down in process.
avsome1968
01/4/2020
09:42
avsome - about 2.4M pounds approx. if I recall. others will correct me if I am wrong?
michaelfenton
01/4/2020
09:37
Been looking at these for a while, what cash do they have guys thinking of dipping my toe in here, that be 5 gold miners I have.
avsome1968
31/3/2020
16:13
The 100,000 seller still ticking them off? Any ideas who it is anyone?
michaelfenton
31/3/2020
09:52
shareholder - I am an old git and most definitely want to stay alive so am locked up safely indoors - no drinking - plenty of food and plenty of time to research on the net?
michaelfenton
31/3/2020
09:24
Thanks Michael Rand had tanked and SA bonds are now junk so gold should be souring against the rand As soon as production starts then time to buy but most important all stay safe, as being alive is the key
shareholder7
31/3/2020
09:01
shareholder - I have emailed some friends in SA to find out how they feel things will evolve? If I get anything constructive I will let you know.
michaelfenton
31/3/2020
08:44
I AM CONTINUING MY SMALL buys ON THE DIPS TODAY - JUST ADDED ANOTHER 20,000 SHARES AND NOW UP TO 600,000. Also BUYING A FEW TESCO as I think they must be profiting from current situation?
michaelfenton
31/3/2020
08:39
All tied up in gold and silver Michael although added a small amount.Think we need to see if SA goes back to work in two weeks time and if that happens then will buy more at these prices if we start production again.Risk is if SA wants to crash the economy as in the UK, which will be a worse mess than the virus. We all need to go back to work as soon as the wonderful NHS has all the equipment
shareholder7
30/3/2020
17:02
shareholder7 - if you still believe then you have to sell something else even at a loss to buy more GDP? I have not purchase anymore today but will again soon at this price. It is complete madness. The main drawback is how long will SA stay in lock down as it will not work there due to cultural differences.
michaelfenton
30/3/2020
15:41
Think we have all run out of money to buy at these bargain prices.
shareholder7
27/3/2020
14:44
agreed, as usual illiquidity in the shares is the main issue.
shill10
27/3/2020
14:32
thanks shill personally, the company is in a very strong position to weather this situation.
sea7
27/3/2020
14:12
thanks Sea.
shill10
27/3/2020
13:56
The bulk of the liabilities is the trade and other payables. last accounts showed £2.8m received in advance - in other words from the scipion active trading fund - this is paid back when gold is sold - so no issues here. £4.6m is accrued expenses, such as wages/utilities/goods services consumed but no invoice received. the rest is trade payables. also you add in some interest, taxation, overdraft and finance lease obligations and we just about cover it.
sea7
27/3/2020
13:28
also Werner will, under major shareholder instruction, have to reduce the wage bill, that is happening everywhere where lockdown means zero production eg Airlines here in the UK.
shill10
27/3/2020
13:25
Thanks Sea - presumably a lot of the current Liabilities would be production-related ? ie raw materials, electricity/fuel etc so are rapidly reduced when in lockdown ?
shill10
27/3/2020
13:12
goldplat full wage bill as at last accounts was about £416k a month and total current liabilities stood at around a million a month. So, assuming Werner keeps everyone on and pays them in full and it lasts 3 months, we are paying out £1.3m in wages and potentially another £1.7m in current liabilities (just depends on the payment schedules of current liabilities - werner may be able to defer for six months or more on some.) Werner said £2.8m in cash and a £500k facility - in my view, that gives us three months without cutting anything or even blinking - but we would be down to the last few quid of spare cash by then. Werner could get a reserves based loan out against the TSF, I guess for a couple of million if needed - probably wouldn't be too arduous.
sea7
27/3/2020
11:53
my plan is to hunker down and do nothing. Those of us who have been here a long time know how illiquid GDP is and in these extraordinary times who knows what can happen to the share price short term. I'm not worried that the company won't get the chance to monetise its assets though, we have plenty of cash - in the absolute worst case there will be several interested parties (Martin Ooi/DRG ?) who will want to buy assets from GDP if they need to be sold, but I do not see that happening at all - South Africa can't afford a long shutdown, it has regrettably no option but to go the "herd immunity" strategy with limited healthcare/resources and a young population, so the terrible situation will be through the other side relatively quickly, which for GDP is what matters.
shill10
27/3/2020
11:37
Have yet again added a small number (20K) this morning. I cannot seem to help myself and just worry that SA will become even more messy? But longterm is great and we have plenty of cash to be going on with.
michaelfenton
26/3/2020
17:48
Likewise Lowtrawler bought on the dip today looks good value
fenton1234
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