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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 | -1.96% | 7.50 | 7.30 | 7.70 | 7.65 | 7.50 | 7.65 | 209,892 | 14:00:23 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Gold Ores | 41.88M | 2.8M | 0.0167 | 4.49 | 12.58M |
Date | Subject | Author | Discuss |
---|---|---|---|
02/5/2020 09:35 | gold at $1700 is generating significant free cash flow yield in the gold miners - which incidentally is one of the few sectors doing well in this crisis. The miners still lag the gold price. Add this to the mental money printing and gold miners will soon move higher. | sea7 | |
02/5/2020 08:15 | What to do all weekend? Oh yes I know try to follow Kimboys lead and do more research. I am looking into the past to see where Gold might go. Firstly the stock market especially US cannot sustain these levels forever whatever Trump says.The crash will come and then hopefully POG will rise accordingly. It may take a while and be a tad volatile in the intervening period. I hope GDP will be ready to take advantage. Even more stockpiling for starters. Expansion in Ghana and disposal I hope of KIli (not core business) we are not miners? Enjoy the weekend. | michaelfenton | |
01/5/2020 11:47 | shareholder the installation of the elution column in ghana removed the process of grg sending concentrate to south africa to be eluted before going to rand refinery - there was a charge for this to the ghana plant from SA plant. now ghana elutes its own material and sends direct to the refinery and not necessarily rand refinery - as they have others online now. There is also an elution plant in kili | sea7 | |
01/5/2020 11:45 | Given that Kili will at some stage be sold and assuming whoever buys it will expect to make a profit, then the losses are an asset. If you can make £10m profit then being tax free is an asset. As for Ghana being the growth area I think that Gerard said this several times, though I don't think they are mutually exclusive. | kimboy2 | |
01/5/2020 11:40 | no offence taken camerongd53 | sea7 | |
01/5/2020 11:38 | SEA7 Apologies for any offence you took. The structure of GDP may not be the most optimal, whether tax or otherwise. The tax losses at Kili are a potential asset only if an owner which may include GDP can use them against future profits. I would only consider tax losses an asset if we can get anything for them. | camerongd53 | |
30/4/2020 22:09 | Camerongd53 I have made no post regarding governmental taxation - I presume you mean someone else. | sea7 | |
30/4/2020 21:11 | Sea7 You appaear to me naive on how governments operate tax. I know of no government that allows its resident companies to set losses made by subsidiaries in other jurisdictions against profits in companies profits made in their home country. If this were legitimate, government would hardly receive any tax revenue from companies AS Corporate Tax would become voluntary and an even bigger industry of tax avoidance planning would be created . My recollection (very old and possibly mistaken) is that when a company is sold in the UK, tax losses can be lost if there is a change of ownership - I am no expert on Kenyan law either. | camerongd53 | |
30/4/2020 10:20 | Thanks for the correction but the point is that Ghana has more potential than SA if they can get material.The issue with GDP is it is very tax ineffective. As you say lots of tax losses in Kenya but we are paying 30 to 38 percent in SA and we can't nett off as all separate companies.I would assume that the tax losses at Kili would roll over if we sell, so in effect these are an asset to any buyer. Amazing that we are no where near selling this supposedly valuable assets. | shareholder7 | |
30/4/2020 09:14 | Not quite because these is a 15% tax rate in Ghana and 5% on all gold produced. The return to GDP of pre tax profit is something like 53% in South Africa and 75% in Ghana In Kenya, if they ever make a profit, there is about £10m of losses to absorb. | kimboy2 | |
30/4/2020 08:41 | Thanks Sea1000 profit in Ghana is the same as 2000 profit in SAHopefully there is plenty of space for growth. | shareholder7 | |
29/4/2020 22:21 | overall I was neither disappointed nor ecstatic with yesterday's results. Lack of progress with Kili, TSF & anumso is disappointing and is going to be difficult in the current Cov19 environment. Hopefully in the next few months progress will be made and I am expecting a higher share price next year even without progress onKili and TSF Very surprised with the share price yesterday when it dropped like a stone but was relieved when it bounced back. Over the 2 days it has dropped slightly which I think is not justified | camerongd53 | |
29/4/2020 21:48 | Thanks kimboy2, really appreciate it. It looks to me that they may generate net profit equal to the current market cap over the next 3 years. If so, they are surely due to be uprated. I like your confidence on kili, I suspect this is acting as a weight on the current price and so if this can be resolved in a positive way, we should see some good price appreciation.Love that you think they could get to 30p in the fullness of time. Hopefully management are on the ball and make this happen. | lowtrawler | |
29/4/2020 21:01 | Thanks Kimboy - I think the term complications sums it up well? | michaelfenton | |
29/4/2020 20:26 | The thing about Kili is that we don't know what the AISC is. The problem was, I believe, that they couldn't get the grade of ore out they needed in the quantity necessary. It needed money spending on the mine, which is what they are raising cash for mostly. The AISC was said to be about $1050 - 1100/oz. That will probably mean cash costs of around $800/oz. The payback period of the investment, if these figures are anything like, is less than a year. Presumably there are complications. | kimboy2 | |
29/4/2020 18:50 | The problem with Kili is that although the POG is in excess of 1700$ at present which would make it profitable there is no guarantee where it will go next. Most think it may rise further but that is pure speculation. It could fall. I cannot see unless GDP is being greedy why it has not been disposed of yet. | michaelfenton | |
29/4/2020 18:12 | Flattery will get you everywhere. I don't really have price targets. I tend to look at operational targets. On Ghana the plan was to build up to 20kozs pa. I suspect that they are probably at about 5kozs presently. If they could get to 10kozs then the operating profit in Ghana would be about £2m pa, and even more if they got to the 20kozs. Then there is the possibility of tolling, which we haven't heard much of recently. Presumably it is sitting on a government desk in Ghana somewhere at the moment. If they can continue the improvement in sourcing I don't think £3m operating profit from Ghana is unreasonable. On South Africa I think an operating profit of £8m pa is reasonable, and then there is the TSF on top. Then there is Kili. As it happens I think it is worth a few quid with gold where it is. I presume in the medium term it will be gone, one way or another. This would mean that for Ghana and SA GDP would produce an operating profit of some £11m. If we then take off admin, minority and tax we may get to something like £6m net profit. If we took a p/e of 10 then we get to something over 30p a share... possibly. That is the potential. We haven't approached anywhere near it, yet. I think one of the key things is to build up inventories to make sure the machines are fully fed, and progress is definitely being made on this. One of the limitations has been being able to pay cash up front for material, and they have been outcompeted. The present high gold price, the TSF, possible sale of Kili will help generate cash. In addition the move to lower grade material will also help with this One thing I would like to see them do is to diversify and set up a separate division to chase clean up work. This clearly has a big future, and GDP is well placed to be competitive. There was talk of something in Ghana but it has gone quiet. | kimboy2 | |
29/4/2020 09:02 | kimboy2, been very impressed by the knowledge displayed throughout your posts. You clearly have researched GDP deeply. It's like a breath of fresh air on these forums.Do you have a price target / timeline for GDP? What do you think are the biggest risks to share price appreciation? | lowtrawler | |
29/4/2020 08:42 | You may be right Kimboy but gold bars are in short supply. POG is not just sentiment driven, demand plays a part. Currency sure is a big factor esp in SA with drop in Rand by 25% or so.That helps cut the miners costs (SA. | michaelfenton | |
29/4/2020 08:13 | Don't think PoG is related to supply. It is sentiment driven, and in the case of South Africa anything that affects the currency as well. | kimboy2 | |
29/4/2020 08:08 | It is interesting to read how most SA mines are struggling as most are now deep underground? It is good to hear GDP has a decent stockpile of material. Due to social distancing the big mines are only able to deploy 50% of their employees which must greatly dampen their production figures which should be good for POG? | michaelfenton | |
28/4/2020 20:40 | Hi all Waited till 8am had to head to work so missed update this morning, just been catching up with the posts, nice to see good discussions from all sides. Only slight dent for me was not finding an investment partner or buyer for Kilimapesa, but that can change over night specially if gold keeps shifting north just becomes more valuable, also does anybody know the value of Kilimapesa if we get a buyer this will be a huge lift to our value because at the moment its taking our profits. Improvement in gold recoveries from lower grade contaminated material have been achieved,{allgood} In line with this a further 18 to 24 months of material have been secured, increasing visibility to more than 36 months in South Africa, so with gold to continue to rise over the next 12-18months {huge plus point;} With all the recovery operations restarted as of 20 April 2020 the group should continue generating profits during the last quarter, so should expect a decent last quarter hopefully with increase of pog and sale of Kili, now that would be a bonus. Anyone found any more details of Martin Ooi who now owns 20% of the company, he's certainly very confident that GDP are going places. If theirs a slight drop in price in morning will go for a small top up here all looks good, all the best AV, | avsome1968 | |
28/4/2020 19:53 | Ghana is on a six acre site - if i recall correctly south africa is on a 22 hectare site. (54 acres) | sea7 | |
28/4/2020 19:24 | I think they should sell the whole company, we all know this is undervalued but they just don't have the management.Ghana is where we should have our major investment for these reasons 1.We own 100 percent 2.There is no Tax unlike the 30 plus in SA3.money can come to the UK easily unlike SA( or should I say currency as the only money is gold and silver) 4. We can burn rubber liners and recover gold, can't do this is SA If someone wants Kili the they sure would want to buy the whole company But alas accountants and engineers won't be able to pull this off | shareholder7 |
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