Goldplat Share Discussion Threads

[avsome1968] 16/4/2020 22:16

I bought another chunk end of days play 99k,hope they are up and at it soon.

[michaelfenton] 16/4/2020 16:11

Looks like someone in the know is buying a few?

[michaelfenton] 16/4/2020 15:39

Looks like someone in the know is buying a few?

[avsome1968] 16/4/2020 08:49

I would've thought news tomorrow on that.

[kimboy2] 15/4/2020 21:31

Wouldn't surprise me if we got an update in the next couple of days as it is 3 weeks since the lockdown tomorrow - I think.

[shill10] 15/4/2020 09:50

let them get all their ducks in a row , Michael - if they can announce reopening alongside stellar results and beat of expectations for next year then it will be well worth waiting for.

[michaelfenton] 15/4/2020 09:25

I think an update from GDP is called for? I have emailed them recently and did not get a reply? PR chaps?

[kimboy2] 15/4/2020 09:00

Mines seem to be re-opening around the world. Had this from Medusa Mining this morning;

Medusa Mining Limited (“Medusa”; or the “Company”;), through its Philippines affiliate, Philsaga Mining Corporation (“PhilsagaR21;), is pleased to provide the following update on operations at the Co-O Gold Mine.

The local government of Bunawan, the municipality where the Co-O mine is located, had granted the company the permission to operate on certain conditions stated in the application and relating to Covid-19, including sourcing workers from only the immediate areas which would have some impact on near term production. The Company has recommenced operations today.

The safety of our workforce and host communities is of the upmost importance to us. The Company will continue to implement precautions to avoid or minimise any COVID-19 health risk to our people while at work. The site remains COVID-19 free.

The impacts of COVID-19, the Enhanced Community Quarantine and travel restrictions will continue to be monitored closely and Medusa will respond accordingly. We will work diligently to maintain the safety of our people, achieve the best results practicable and keep shareholders informed of any material developments.

[philjeans] 14/4/2020 20:02

Don't see a problem - sooner or later work will re-commence and profits can again be generated,

Far better to have the gold tailings there above ground than digging a bloody deep hole to find it!

Way undervalued compared to other prospective gold mines.

Strong BUY for me.

[sea7] 14/4/2020 19:44

goldplat shouldn't be too far away from restarting...PAF today...

www.proactiveinvestors.com/companies/news/917175/pan-african-reiterates-support-for-government-measures-as-lockdown-in-south-africa-extended-917175.html

Pan African Resources plc (LON:PAF) has said it remains committed to “all government efforts to contain the spread of COVID-19”, following the announcement from President Cyril Ramaphosa on Thursday that the lockdown there due to the coronavirus (COVD-19) pandemic will be extended.

The plan now is to end the lockdown on April 30.

Nonetheless, the company said in a statement that it has obtained authorisation from the South African Department of Mineral Resources and Energy to conduct surface re-mining and processing activities on a reduced scale, subject to compliance with and adherence to all relevant regulations and applicable legislation.

This includes the group’s Elikhulu tailings retreatment plant and at its Barberton tailings retreatment plant, and limited underground mining operations at Barberton Mines.

The company’s surface operations are currently operating at approximately 70% of normal production capacity, but with a much-reduced workforce.

[sea7] 14/4/2020 14:27

and you AV,

whilst it is still some way off being worked through - Goldplat has an 81k oz jorc compliant resource in the onsite tailings facility. They intend to process this at some point - it is an off balance sheet item - if you didn't know already.

[avsome1968] 14/4/2020 14:14

SEA7

If the lock down is extended or not, GDP valuation of 7m totally undervalued with gold above 1700k, eventually we will be back to normal in the near future.
4p for a producer bargain if gold stays above 1700k multi bag here end of year, also only 167m shares in circulation, I've added more toady, best wishes AV.

[sea7] 14/4/2020 13:42

it is what implats spokeswoman said, that implies things are changing on the mining front...


We are awaiting the announcement of these provisions [in the new lockdown regulations] and will shape our plans to restart the business accordingly in full support of the measure announced by the government to fight the spread of the virus. This may or may not include provisions to allow some mining activity to resume during this period," said Lourens in a written response.

[kimboy2] 14/4/2020 13:40

Approval for limited mining and processing at the SA operations has... been received, subject to the implementation of agreed protocols to address COVID-19 related health and safety risks,” the miner said in a statement, without elaborating.

Is this general or just specific for them?

[sea7] 14/4/2020 13:39

and gold pushing past $1730 oz

[sea7] 14/4/2020 13:38

thanks shill - yes share price is starting to show strength



Implats yesterday...


"We are awaiting the announcement of these provisions [in the new lockdown regulations] and will shape our plans to restart the business accordingly in full support of the measure announced by the government to fight the spread of the virus. This may or may not include provisions to allow some mining activity to resume during this period," said Lourens in a written response.

[shill10] 14/4/2020 13:35

Thanks Sea.GDP price action today suggests someone might know something.

[shill10] 14/4/2020 09:13

patience still required- its becoming clearer that there will be at least some sort of surface mining re-opening soon,expect a move only when GDP announce re-opening, then it could easily double from here. Gold at new highs for the move and futures price is still $50 higher than spot, super bullish, expecting $1,800 soon and $2,000 by summer as before.

[michaelfenton] 14/4/2020 08:36

BUt GDP is still the forgotten star?

[michaelfenton] 13/4/2020 11:08

POG up nicely today too. Thanks Kimboy.

[kimboy2] 13/4/2020 10:39

I don't have any inside information but I think the plan would be to release the update a week or fortnight from today on the Monday.

The virus is of course the elephant in the room of any operations update though and I don't think it will be released till they have something to say on that.

It seems that there is quite a bit of pressure to get the mines going, or at least surface activities subject to social distancing.

If I was to bet, which I suppose I am, I reckon we will get a partial restart in the next week or so.

Rad gold prices are very strong still, and I suppose will get stronger the more damage is done to the South African economy.

[michaelfenton] 13/4/2020 07:37

Kimboy - I know you have your finger on the pulse. An update due this month do you have an idea as to when? Easter Monday one of my favourite days of the year but alas all cancelled. Life is such fun?