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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
  -0.15 -2.65% 5.50 5.30 5.70 5.65 5.30 5.65 736,339 10:45:42
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 24.8 -1.1 -1.3 - 9

Goldplat Share Discussion Threads

Showing 26076 to 26098 of 26525 messages
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DateSubjectAuthorDiscuss
09/4/2020
17:49
meanwhile June Futures are now $60 over spot, this is super bullish, low volume and Open Interest collapsing , this is short covering by the Bullion Banks.
shill10
09/4/2020
17:47
Thanks Sea - from that it would appear that GDP can reopen and work through the low. grade stockpiles until the virus clears, interesting open on Tuesday....
shill10
09/4/2020
17:39
Harmony mining dated 31st March... All surface treatment plants at the underground mines continue to process pre-existing surface reef and waste, and surface retreatment operations continue to treat surface tailings, in line with the concessions announced by the Minister of Mineral Resources and Energy on 25 March 2020. hTTps://www.sec.gov/Archives/edgar/data/1023514/000162828020004397/sensupdateonmeasurestakeni.htm
sea7
09/4/2020
09:20
Well the lockdown ends a week today, unless it is extended, and GDP will probably announce Q3/20 update the following Monday. It seems from the DRD notice that mining, and GDP is classed as a mining company, is exempt from the lockdown. However, as DRD point out, there are wider responsibilities. I would suspect that if production can be done while maintaining social distancing then maybe production can re-start. It would seem that the main issue is travel to the plant rather than what actually happens on site. It would seem that this isn't a problem in SA for GDP as there are large settlements within 3km of the works. They could always get them a bike if they can't walk. I am hopeful that we may see some sort of recommencement of some operations within the next 10 days or so.
kimboy2
08/4/2020
22:03
thanks Sea, light at the end of the tunnel
shill10
08/4/2020
20:08
sea7 - thanks for that - as far as I am aware miners are still in talks with Gwede Mantashe as to what exactly will be allowed essentially to secure the future of mining.
michaelfenton
08/4/2020
18:18
today... hTTps://www.gtreview.com/news/africa/south-african-ports-reopen-but-lockdown-confusion-hits-mining-sector/ South Africa’s mines are also feeling the effects of lockdown. Samson Gwede Mantashe, South Africa’s minister of mineral resources, says activity “will be scaled down significantly, particularly deep-level mining” while restrictions remain in place. “Essential services supporting the sector – including security and related infrastructure, maintenance, water pumping and ventilation, must continue,” he says in a statement issued late last week. Mantashe says supplies to state-owned energy provider Eskom must continue, but the production of gold, chrome, manganese, iron ore and other sectors “will operate at scaled down levels, to allow smelters which cannot be switched on and off abruptly, to remain operational”. Applications to continue operating at a reduced level have already been received by several mining operators, he says. “While we understand the negative impact that the virus will have on the mining and energy sectors, we must appreciate that this is not the time to put profits at the expense of the health and safety of the people. Zero harm remains a priority, even more so during this time,” minister Mantashe adds.
sea7
08/4/2020
17:00
Thanks for the update
avsome1968
08/4/2020
14:36
Mining in SA update: Miners are in talks along with the unions with the Minister of Mining Gwede Mantashe. It appears the general lockdown will be extended. However due to the permanent damage that mines may suffer if they are closed for more than 21 days they will probably be granted a limited restart with strict controls. More news soon I imagine?
michaelfenton
08/4/2020
09:14
Similar with me although I am holding on to some of my BP. I am heavily into Gold and Silver (Fresnillo I am buying at present to hold).
michaelfenton
08/4/2020
08:43
Well that's my 5th gold company that I've purchased aaz, hum, cora, tsg and here bets well spread hoping they will compensate for my oil losses this year.
avsome1968
08/4/2020
08:37
Good time for a long term investor to get in. We have to wait now for the SA lock down to be eased and trust that the POG holds up? It should given the economic chaos coming. 18 months a good timeframe.
michaelfenton
08/4/2020
08:16
Bought a few more now average 3.6, think it will be a cracking investment over the coming 18months.
avsome1968
07/4/2020
14:18
avsome No proof - no one can say for certain when the lock down will end. But apparently that is an anticipated date as things stand today? Sorry that is the best I can do without destroying a confidence.
michaelfenton
07/4/2020
13:58
Any proof of this michaelfenton
avsome1968
07/4/2020
11:16
A good and well connected friend in SA has just told me they are expecting the lock down to be lifted on 10th May or a few days earlier but of course it could be longer. In some countries mining is considered an essential industry?
michaelfenton
07/4/2020
10:14
Anglo American announced they will continue to pay all mine workers during the lock down.
michaelfenton
07/4/2020
09:51
The 100,000 seller is still lurking? Steps in every time we have a small rise.
michaelfenton
07/4/2020
09:46
I agree shill and I know SA well. The herd route will of course eventually fix the problem when immunity is the norm. This is a stark reminder of how much of Africa lives. They have recently been through Ebola and HIV has left approx 20% of the population infected and weakened? Most of the miners are not being paid but are being given food and most are not permitted to travel back to their homes. So I am inclined to go with your theory that the suspension cannot last very long.
michaelfenton
07/4/2020
09:08
South African lockdown is the black swan - I stick with the view that SA has no option but to release lockdown after a few more weeks, economic collapse in a poor country has far more devastating effects than in the West, we are talking hunger/starvation, civil unrest etc, they will go the herd immunity route imo- otherwise the "cure" risks being worse than the disease - brutal and it feel wrong discussing finance in that context, but this is a GDP board. So GDP should start to be valued on its Gold holdings, not fear of running out of cash, and we have discussed what that should be many times - but it will be a bumpy ride with v little liquidity both up and down.
shill10
07/4/2020
06:13
Well shill all of us on here hope you are right. But we need to get back to business. Those in the SA suburbs and townships are not doing well. If we do not see an end to some of the suspensions we may see riots and bloodshed? Hardly surprising when the Government has done nothing for the poor and lowly paid?
michaelfenton
06/4/2020
21:28
yep - lots happening -gap between spot and futures $40+ again and Open Interest collapsing - means Bullion Banks short covering and not many Spec longs, so much less likely to have a big retracement from here - wouldn't surprise me to see $1800 in a hurry and $2,000 in a couple of months but lets see.
shill10
06/4/2020
20:05
Shill over 1700 as I look.
michaelfenton
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