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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
  0.20 3.64% 5.70 5.50 5.90 5.75 5.50 5.50 2,150,178 16:13:17
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

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DateSubjectAuthorDiscuss
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
28/4/2020
18:07
a buyer is someone who actually signs a cheque to pay for something, all else is froth and speculation - and often used by unscrupulous individuals to deflect from their mistakes.
shill10
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
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