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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 -2.65% 5.50 5.30 5.70 5.65 5.30 5.65 736,339 10:45:42
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 24.8 -1.1 -1.3 - 9

Goldplat Share Discussion Threads

Showing 26276 to 26296 of 26525 messages
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DateSubjectAuthorDiscuss
14/5/2020
13:04
GKG back as Non- Exec, perhaps he has the phone number of that Kili buyer that was 100% going to buy the mine with Gold at $1,200 lol.
shill10
14/5/2020
12:59
Lets hope GKG can look after the shareholders better than he managed before. Martin Oii will certainly be wanting action? This cannot be a bad move I think.
michaelfenton
14/5/2020
11:28
ISTR that Gerard already holds 250k shares already so he would be near 1%.
kimboy2
14/5/2020
11:15
Given the current shareprice he will presumably exercise his tranche of options before expiry on 22nd July. Assuming he retains them all then he will immediately become the director with the biggest shareholding with around 0.8% of the company.
dangersimpson2
14/5/2020
11:07
Well that is interesting. For a start they are reporting a "strong performance in South Africa", which is reassuring. Personally I didn't have a problem with Gerard. Mistakes were made at Kili, but I thought he did pretty well with the recovery operations. I notice that Kili is not mentioned in his responsibilities. Presumably the 'substantial shareholder' is Martin Ooi. He is obviously in touch with Gerard and the board.
kimboy2
14/5/2020
11:06
I know this sounds crazy but it a good call on behalf of the substantial shareholder.He will be looking after their interests now and won't have to be defensive and has one agenda, to protect us the shareholders.Plus he was involved in the negotiations over selling kili Very good call !!!
shareholder7
14/5/2020
11:05
GKG back on the board: https://www.investegate.co.uk/goldplat-plc--gdp-/rns/appointment-of-non-executive-director/202005141047539146M/ Presumably nominated by Martin Ooi. Although slightly strange, I think this is a good move, compared to most of the other non-execs he knows the company & operations well and clearly cares about the company and its employees. Remember he originally joined Goldplat with the intention of becoming non-exec chairman and only stepped into the CEO role when things were looking bleak for the company and it needed a more hands-on approach.
dangersimpson2
14/5/2020
11:02
Rns out - Gerard kisbey green appointed NED
sea7
11/5/2020
12:22
Not so much a problem for GDP I agree but maybe a problem for miners in SA? Sorry I was a bit late with this.
michaelfenton
11/5/2020
11:50
It was about a week ago; htTps://www.businesslive.co.za/bd/national/labour/2020-05-03-amcu-gets-court-backing-for-covid-rules-on-miners-and-government/ Don't see it as a problem for GDP, and a soluble problem for other miners
kimboy2
11/5/2020
11:04
Amcu wins case for miners safety re Covid19. This could be a small problem for GDP as many SA mines will not now be able to operate.
michaelfenton
08/5/2020
12:10
no problem lowtrawler goldplat has always been seen as a downstream recycler of waste and as such does not attract the speculative money that the explorers do. They know that goldplat isn't going to announce a sudden multi milliion ounce discovery, so the BS and pump and dump machine struggles to get underway here. Which is a good thing. goldplats management has up until now, struggled with execution on a lot of things, had the goal posts moved on others, argued amongst themselves, upset suppliers and service providers and been through a few CEO's with one stomping out in a huff. The company has finally arrived in a much better place, many of the issues ironed out, however, a couple of legacy issues to go. Getting kili over the line and movement on the TSF will fire up the share price significantly.
sea7
08/5/2020
11:59
Thanks sea7, I have a lot to learn.
lowtrawler
08/5/2020
10:14
lowtrawler goldplat have identified areas where supplies exist they have partnered in places like south america with locals to assist in procurement. They have contracts in place with all but one of the big miners in south africa - Harmony is the one they do not have a contract with. the standard pricing model goldplat now use is the average of the last 28 days gold price and is only determined at the point of processing, not when the material is stored onsite awaiting its turn. Goldplat must keep strategic stockpiles as it blends and adjusts the grades and type of materials to optimise the circuits. E.g - higher gold price - lower grade material processed, lower gold price, higher grades pushed through they already do mine clean ups etc - such as in Uruguay - most recently. Contracts are structured... goldplat buys material upfront and stores it - for own account. goldplat takes material, processes it, returns all gold to supplier, less processing charges, Sometimes as gold, sometimes as cash. Goldplat takes material and has a split based on expectations of recovery - eg 50/50. Goldplat and the supplier take three samples from the material and have it assayed for content. Goldplat keeps one, the supplier keeps the other and the third is held by an independent third party -to remove any disputes later on. This also determines prices or type of contract.
sea7
08/5/2020
10:10
Lowtrawler - nice piece. The problem with Goldplat is management. They have slipped up so many times that no one takes them seriously. On paper sure they look like a tinpot organisation but when you dig deeper you discover forgotten and valuable assets. The core business offers so much but management are distracted by ongoing problems such as Kili and they are so slow to deal with what they are sitting on - stuff just sits there for years on end. Most of us on here are longterm holders who have been waiting a long time to monetise our assets. Kili is such a good example and so far it is all words and no action except increasing losses. Stockdam etc? With POG sitting at 1700 and quite likely to hold or rise lets have some action please whilst the door is firmly open. Ramp up production and lets pile up the cash?
michaelfenton
08/5/2020
09:05
Agreed on the narrative Kimboy2 but if you had an asset up for disposal, I think you'd probably describe it in positive terms. No different for GDP.Clearly, as gold climbs, we will get more interest. In my view, if they can extract any possibility of value from kili whilst removing the costs, risks and resources then they should take it. I'd like to see them concentrate on the recovery business and create a model which they can replicate internationally.
lowtrawler
08/5/2020
07:30
Covid19 escalating fast in Ghana, 49% increase in the last week - not sure about Kenya and no one will want to take on Kili if they cannot mine? Africa as a continent has only 9 intensive care beds per million people. So Virus could again be a factor for Goldplat.
michaelfenton
07/5/2020
23:08
Also if gold can climb a few more steps say closer to 2k per oz it will go and not for free, valuable asset in recent RNS, deal could come anytime, gold back up strongly.
avsome1968
07/5/2020
18:18
I don't think the BoD are in the give it away camp as they keep referring to it as a 'valuable asset'.
kimboy2
07/5/2020
12:10
I'm in the let's give it away camp. At the moment it's loss making and draining our resources. Any way to get rid is better than none.
lowtrawler
07/5/2020
10:34
Over the years GDP have that they have stockpiles of x,y&z. It would be useful to know roughly what the wip is quarterly. & the TSF could be years away.
russman
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