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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 26201 to 26225 of 26475 messages
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DateSubjectAuthorDiscuss
28/4/2020
16:48
They also said; We remain committed to our strategy of increasing long term visibility of earnings in the recovery businesses through key initiatives and finding an investment partner or buyer for Kilimapesa. We have made progress during the last quarter on all of these key initiatives: I suspect the problem may be with banks operating during the crisis
kimboy2
28/4/2020
16:45
From what I can see, kili is the only blot on the horizon. With gold prices heading higher, it is possible they may now find a buyer but it is far from certain. Failure will likely leave them holding the costs to remove the mine and reinstate the land (I'm speculating this is the case with no direct knowledge).However, they appear now to have enough inventory to keep them productive for the foreseeable future and with the gold price leveraging their return, it must be worth significantly more than the current share price. Are there risks I am missing?
lowtrawler
28/4/2020
16:38
Hansie as CEO, do you mean Ian Visagie.
sea7
28/4/2020
16:37
The current Covid-19 pandemic have stalled some discussions with funding partners to re-capitalize this valuable exploration and mining asset. .............. this looks more like a silent partner buying in to the mine. Goldplat continue to manage it operationally, just selling a portion of it and the buyer is being cautious, waiting for the current situation to tail off
sea7
28/4/2020
16:36
I can remember when Hansie was CEO and we had a buyer then as well.So right
shareholder7
28/4/2020
16:34
we never had a buyer at $1200, Shareholder, imo that fabrication was the major reason why GKG was sacked.
shill10
28/4/2020
16:20
Think the tick down on price today is due to the comment that talks are stalled (or off) on Kili We have all been waiting for this and to think we supposedly had a buyer when the gold price was 1100 to 1200 this is not good news
shareholder7
28/4/2020
14:59
Thanks kb. Yes they do seem to, but I imagine it gets more costly each time. By the time permission to expand is given in December (assuming it is granted) they will be near the 12-18 month buffer.
wigwammer
28/4/2020
14:58
On 25th March goldplat said it had £2.8m of cash on hand today it says it has £3.2m of cash on hand. With all the recovery operations restarted as of 20 April 2020 the group should continue generating profits during the last quarter. ....... a good update, considering.
sea7
28/4/2020
13:57
Our TSF is approaching full capacity in its current form and so we planned to spend £250,000 during the 2nd quarter to structurally support and increase its life by a further 12 to 18 months. Capital expenditure on this project at 31 December 2019 was £123,000 and has since been completed at the original budgeted cost of £250,000. These mining types always seem to get an engineering consultant in to extend the life of these things for years
kimboy2
28/4/2020
13:09
How much storage do they have left in the tailings facility? That seems to be the main unspoken risk here.
wigwammer
28/4/2020
12:39
Not sure I have superior knowledge, but the value of Kili must increase with the price of gold. I think that it is possible to produce 10kozs from Kili at a cost of around $1k AISC. The question is how much will it cost to get to that position, and how long will it take. Gerard said IIRC that they needed $4m to get to 7kozs pa, and had suggested an AISC of around $1 - 1.1k. As to why it is taking so long who knows. My numbers could be completely wrong, there may be other technical issues, there are certainly not that many buyers and perhaps there is a different view of valuation. The day the problem is resolved there will be a big jump in the share price that is certain.
kimboy2
28/4/2020
12:08
good point re tax and minority interest, Shareholder. Took me a while to realise the weight of this, headline pre tax profit numbers are a touch misleading.
shill10
28/4/2020
11:57
Kimboy I always bow to your superior knowledge and research so can you please tell me why you consider Kili has become quite a valuable asset and secondly if so why they have still not managed to dispose of it?
michaelfenton
28/4/2020
11:45
Ghana is key as we own 100percent Tax is SA crazy and we only have 74 %If we could move all production to Ghana we would be making much more money but know this is not possible
shareholder7
28/4/2020
11:10
Yes I thought the best thing was Ghana. It is now at an annualised £0.8m operating profit. Any increase in supply will be at good margins as overheads are already covered. We don't know how close to capacity they are operating but I suspect that it may be about 30%. Capacity was about 10kozs IFRC, and I think they also have a machine waiting to be assembled which could increase production by 50%. It looks as though they have purchased another 20kozs at GPL. Can't have cost them a great deal from the cash numbers. I think the main cost is haulage and it probably isn't on site yet. On Kili we are still waiting. I suspect that it has become quite a valuable asset while we have been twiddling our thumbs though.
kimboy2
28/4/2020
10:06
Sorry MP2, I don't subscribe to L2. My experience is L2 only really helps with stocks that are heavily traded and so would be unlikely to add anything for GDP.
lowtrawler
28/4/2020
09:57
Any Level 2 data please
maxplus2
28/4/2020
09:56
Thanks DS2, looks to me as if there is considerable scope for price growth with gold pricing where it is. Could even be a multi-bagger if they can sort out the kili issue.
lowtrawler
28/4/2020
09:39
Pros: - Ghana op profit increasing further. - Ghana now sourcing from Mali with Cote D'Ivoire to come. - SA further sourced CIL material, secures half of production for next 3 years. - SA restarted on 20 April. - £1.7m net cash. Cons: - SA Op Profit lower than expected due to covid-19 reduced production at quarter-end. - New TSF taking forever, with approval not due until December 2020. - Kili costing more w/o ability to process artisinal tailings. - no sign of Kili or Anumuso being sold anytime soon. In terms of valuation, they are probably on for an EPS of 0.5p so a P/E of c.9. However, if you adjust for the non-cash losses that are associated with Kili it would be a 'cash' EPS of c.1.1p and a P/E of about 4. Shows how sensitive these metrics are to small changes in profitability. EV/EBITDA probably a better way of looking at this and with around £5m EBITDA likely for the FY, this is on an EV/EBITDA of c1.2 which still looks good value.
dangersimpson2
28/4/2020
09:39
correct Lowtrawler, welcome to the mad world of GDP. Don't forget nothing priced for sale of Kili, and nothing for 88,000 oz in the TSF (current gross value £115 million). The latter is the leverage on the Gold price, even assuming 50% recovery and 50% cost, you still get a profit figure many multiples of current mkt cap, as some of us have said many times before. But the mkt won't price it until it happens clearly.
shill10
28/4/2020
09:26
The current share price seems nuts. The 9 months operating profit is over 3m and we have over 3m cash with the whole company valued at 7.6m. That's less than 2x annual operating profit or 1x annual operating profit if you deduct the cash from our price. This doesn't even take into account the gold price appreciation.
lowtrawler
28/4/2020
09:25
I am not sure Kili is a valuable asset. Progress otherwise is slow?
michaelfenton
28/4/2020
09:22
yes shill - not too bad but Kili still there draining money?
michaelfenton
28/4/2020
09:20
Other points - Ghana improvement offsets Kili losses. No progress with Kili sale/funding, but hardly surprising in current environment, and its priced at negative in the share price and Werner clearly thinks he will be able to monetise it as keeps calling it a "valuable asset". TSF progress is encouraging ,if there is news on new TSF site and expectations of starting exploiting those 88,000 oz, that's when this really gets a rocket up it - all in all, the downside risks have abated big time for me (virus and sourcing), the major upsides creep closer but remain just out of reach for now.
shill10
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