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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 26251 to 26275 of 26475 messages
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DateSubjectAuthorDiscuss
07/5/2020
08:53
I do not have faith in the management when it comes to mining. Kili has been a total disaster and still is in my book. So lets get shot of it and not continue with the line that it is a valuable resource. It is a loss making mine. Any reasonable offer considered. Lets face facts?
michaelfenton
07/5/2020
08:32
I think the great probability is that they will sell Kili, or maybe find a partner. If in a couple of years they have loads of inventory and the recovery operations are going full blast, and they have £3m in the bank doing nothing ... then it is an option. The fact is their record on Kili has been terrible. IMV part of the problem is that it is difficult to get the calibre of people you would like to manage a gold plant producing 7kozs pa.
kimboy2
07/5/2020
08:19
Michael, Kili is worth a lot´or nothing as Kimboy says. It is only worth something if someone is willing to make the required investments. The following factors are some of the things which affect the value: 1. Loss-making mine, i.e. risk 2. Capital required to increase production and make it profitable, i.e. capital required 3. Political risk in Kenya 4. Gold price remains high 5. Most likely you will have to believe there is more gold in the ground and be willing (have the capital) to drill and find it to increase your resources and invest even more to increase production further making the upside a lot better than the meager 10K/year which is planned - I think this is key, otherwise who would take on such a risk we are talking about for a part of a mine which will not make a killing? 6. Goldplat risk, GDP has never been a mining company as such and thus have limited experience from building and running a mine compared to pure prospecting and mining companies - who would invest in a company with limited experienced running the mine for you? All in all, I think GDP has to sell all of Kili or make the investment themselves. Finding an investor IMHV will be difficult. My best bet for a partner to become interested would be to try to find someone who wants to take on less risk with GDP remaining as a co-partner. Both invest cash and expertise and GDP stays invested to secure continuity. The plan would be to expand the resources by drilling as well as making the current business profitable.
pog1234
07/5/2020
08:08
Thanks Kimboy - very nicely put. The question still remains do we really want to be a miner in Kenya? GDP is a small company and needs to concentrate on it's core business? JMO.
michaelfenton
07/5/2020
07:47
The value of any gold mine will depend on the cost of production. The plan is for selective mining to get ore out at 4g/t and produce at 7kozs pa. To produce sufficient ore at this grade requires investment in the mine itself. This is primarily what they are looking for. The project AISC was around $1050/oz. Whether it would still be this, or lower with additional investment, remains to be seen. This AISC number includes the capital cost in terms of depreciation of the plant. I would expect the actual cash cost of production to be around $750/oz. That is why I think it is a valuable asset, even if gold is $1200/oz. As for why it can't find a buyer I think the problem is it falls between two stools. It is too big for a small time private punter, and too small for a large investor. If GDP wants to get full value from Kili then it will need to spend the $3 - 4m itself IMV. ATM it is not in a position to do that and the cash it is generating is better spent on building up inventories to feed the recovery plants. That may change.
kimboy2
07/5/2020
06:57
Kimboy can you please educate me as to why you think Kili has such value and why they cannot find a buyer? Most of our assets seem of little value as reflected in the SP?
michaelfenton
07/5/2020
05:43
I don't think it is worth anything. On the other hand I suspect that Kili is worth more than the market cap of GDP. That doesn't mean anything though unless you can find someone to stump up the cash.
kimboy2
06/5/2020
22:45
Evening all If we manage to sell Anumso what price are we talking about?
avsome1968
06/5/2020
13:39
Yes I posted it on LSE as macaumike.
michaelfenton
06/5/2020
13:23
Extracted from LSE (where I think you posted it Mike?) Goldplat - quarterly update, production getting back on track... Goldplat (GDP) has updated emphasising that it is “pleased to report the progress made on key initiatives during the period, while maintaining profitability” and “with all the recovery operations restarted as of 20 April 2020 the group should continue generating profits during the last quarter”…; It noted its South Africa business was placed on care on maintenance 5 days prior to quarter-end and, though its Ghanaian business was not required to close, “not all circuits could be operated at full capacity towards the end of March” there. Overall, “the cash and cash equivalents on hand at date of the announcement was £ 3,200,000”. That compared to “approximately £2.8 million of cash on hand and access to facilities of £500 000” on our prior update. There will also be some current quarter impact – the restart of production in South Africa is at a reduced output and Ghana circuits could still not all be operated at full capacity in April for instance, but also noted is for South Africa “plans to increase production to full capacity shortly” and Ghana “operations should return to normal capacity during May we expect… will make up for most of the lost production during the last quarter”. It is also noted “the group continues to benefit from the higher gold spot price”, and the shares have responded higher to 4.45p capitalising the company at £7.5 million. The share price compares to around 3.5p when we previously updated, concluding the lockdowns will end at some stage and meanwhile the gold price is set to rocket. So now is NOT the time to sell. In fact BUY. With the last half-year results having showed a gross profit of £3 million on revenue of £12.5 million, with “administrative expenses” £0.7 million and the share price still comparing to more than 7p reached in February when the outlook for gold was arguably not as strong as it is now, our stance remains buy.
lowtrawler
06/5/2020
12:32
excellent MF - further indications of SA society returning to normal
sea7
06/5/2020
12:00
Rand Gold smelter being fired up again this week.
michaelfenton
06/5/2020
11:09
Some of the undervaluation is really quite absurd. I was attracted by a post made by kimboy2 on 18 April regarding some contaminated stock we purchased for £600k. Synopsis of this was that it was said to be marginally profitable at a Gold price of 16,000 RAND. Kimboy2 had estimated that at an 80% recovery rate, it may contain 6.4koz. On further probing, it may be more realistic to assume a 40% recovery and so 3.2koz. Gold is now at 31,600 RAND. Kimboy2 also made the point that since we purchased the stock, we have installed new machinery with a higher recovery rate and a reduced cost to perform the recovery. On this basis, you can be fairly certain that we will make around 17,000 RAND per Oz recovered (900 USD). With 3.2koz recovered, it will be a gross profit of 2.9m USD - deducting tax and minority interests, we will be left with around 1.5m USD (1.25m GBP). Not bad from a small contaminated stockpile that represents a fraction of our pipeline.
lowtrawler
06/5/2020
10:22
Trying to register at share prophets in order to read the tip but struggling. Can you summarise?
lowtrawler
06/5/2020
10:17
I think the problem is that we're seen as a dirty, scavenging, small time, opportunistic business. We take others waste, get dirty, and turn it into gold. Big investors think this is beneath them.
lowtrawler
06/5/2020
10:08
low trawler £9m mcap operating profit/loss for six months ending december 2018 - loss £653,000 2019 - profit £2,221,000 a swing of over £2.8m to the upside. cash in the bank at end april was £3.2 million. With gold at $1700 and above, currencies being weakened, the outlook is favourable for gold companies. we have an asset base far in excess of the current cap. Undervalued as usual.
sea7
06/5/2020
09:53
It could just be returning to a fairer reflection of underlying value. 2m shares is only 100k and so might just be a value investment. I'm not a big time investor and still have 400k of these shares.I don't have anything like the insight that other posters on this board do. My assessment is that anything below 8p screams outstanding value. Unless we get unexpectedly bad news, I expect us to tick up on a weekly basis to over 7p.If kili can be resolved..... Maybe add a further 2 or 3p? What do others think?
lowtrawler
06/5/2020
09:45
Yes recent positive comments - Hot Stock Rockets tip.
michaelfenton
06/5/2020
08:34
Any thought here guys why the uptick?I saw 2m shares traded yesterday could this be the start of a takeover ?If you want to buy Kili then why not buy the whole company at these prices.
shareholder7
05/5/2020
10:42
Looking positive today
maxplus2
05/5/2020
09:36
Sourcing suitable material still seems to be a problem. Might be useful to publish what is held in stock / WIP. Some broad measure i.e estimated ozs owned in WIP by subsidiaries.
russman
04/5/2020
11:57
Still disappointed GDP do not give more detail in their update. Tonnes processed, ozs sold etc, etc Operating profit is too vague
russman
02/5/2020
14:18
Ha Kimboy I agree with all this - : Predicting the price of gold is a mugs game: but you are confident that the price of gold is going to remain high for some time: Looks like a prediction to me? Everything else makes complete sense.
michaelfenton
02/5/2020
10:39
Predicting the gold price is a mug's game but notwithstanding that I am fairly confident that the gold price is going to remain high for some time. One thing that hasn't been mentioned much is the secondary effects of the crisis. The government debt around the world and the recession. In particular another Euro crisis is brewing. What are Italy, Spain and Greece's debt levels going to be when it is all over. Are haircuts coming for bond holders? Overall I think that there are various things that GDP have to do to maximise potential, but is a rising tide that will float all gold boats.
kimboy2
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
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