Goldplat Share Discussion Threads

[michaelfenton] 30/6/2020 09:24

avsome - thanks you are right I worry too much.

[avsome1968] 30/6/2020 08:04

M/F

Pog 1775 now, dow under pressure fed will prop it up again i would've thought bring gold down a tad we shall see.
M/F you seem to worry too much GDP will have another very good quarter maybe better news wthl Kili if gold can carry on tinkering up kili just becomes more valuable .

[michaelfenton] 30/6/2020 06:23

Surely world stock markets must be in bubble territory? Once the bubble bursts POG will move on past 1800? I only hold one non gold stock. Waiting foir news from GDP is hard and nothing re Kili is a worry? Small director buy whilst good news indicates no movement re Kili??? Am I right or wrong?

[camerongd53] 29/6/2020 18:00

st decided to make a few summary comments, which you may or may not agree with.
The share price of Goldplat today is approx. 5.85pence which is about twice what it was at the start of the year. This performance I am grateful for as it is better than most other shares which have been badly impacted with covid 19. I first bought @ 16p many many years ago and my average having bought more cheaply is approx. 7p.
I do not expect any major movement in price unless the following occur:
• Sale of Killimapesa – I don’t think this is going to happen until Covid 19 is over which I don’t think will be soon. Writing it off, giving it away or closing it down may actually be beneficial for the GDP Price. Resolving Killimapesa is long overdue – I think it has been both a financial and a management time and resource etc disaster.
• The share price may go up with the announcement of full year results. I expect any profits earned and cashflow therefrom will be re-invested in raw materials which will be future profits. This I suspect will be in the company’s best interests but a declaration of a dividend could have a beneficial effect on the share price. If Ghana becomes really good, the share price may nudge upwards nicely.
• Hints have been made at progress with the tailings around the year end (Dec20). If real progress is eventually achieved after many years of waiting, the share price could easily be much higher.
• Although not really on the blog’s agenda, GDP could be a nice morcel for the likes of Shanta or Sylvania or others to digest as a takeover.


I am hopeful that the GDP share price will be higher in a year’s time than it is now and be significantly higher by Dec 2021
I think that it is unrealistic to expect gains at the level seen over the last 6 months but if they happen would consider selling a significant part of my shareholding.

[lowtrawler] 29/6/2020 09:31

Got my investments mixed up, ignore me.

[avsome1968] 29/6/2020 08:17

Have SHG been paid back there VAT because they've been owed millions for a long time.

[michaelfenton] 29/6/2020 03:58

OK thanks Lowtrawler - will check on SHG board - always good to look at other mining shares to learn as much as possible.

[lowtrawler] 28/6/2020 22:00

Expressed my view on the SHG board. Small reductions in their overall Holdings. No reason to believe it is anything to worry about yet but needs watching. A lot of good news expected on SHG in the next few weeks.

[michaelfenton] 28/6/2020 13:22

Lowtrawler - I notice Shanta has had little share movement recently but 2 major shareholders have reduced their holdings in the last few days. What are your thoughts?

[michaelfenton] 28/6/2020 10:39

All sounds very sensible Lowtrawler. All investment has risk.

[lowtrawler] 28/6/2020 10:05

I'm exclusively invested in gold related plays at the moment. This clearly carries a risk by failing to diversify. I'm also concentrated on just 4 stocks: GDP, SHG, SPGP, SOLG. This increases my risk further and so I'm not looking to add to any of my current positions. I am holding about a third in cash intending to pick up bargains that emerge in the upcoming crash.

[michaelfenton] 28/6/2020 10:03

No on Thursday and Friday? I do not know the secret to trading on Sunday?

[glennborthwick] 28/6/2020 09:20

On a Sunday?

[michaelfenton] 28/6/2020 05:58

I have added a few more - is anyone else doing likewise?

[michaelfenton] 27/6/2020 05:21

The POG and Covid-19 are connected? Yesterday Friday the US recorded 45,242 new cases.UK likely to see a spike due to the stupidity of youth and BJ? The result will almost certainly mean financial meltdown. No one in their right mind wants to see that but it will present opportunities for investors. Yet the markets are still rising? Goldplat investors need to be patient and our day will come assuming management have a grip on things.

[lowtrawler] 26/6/2020 15:51

Nice that one of our director's is buying shares but less than GBP 10K worth? Come on, they should all have at least a million shares or they won't be interested in us.

[lowtrawler] 26/6/2020 13:35

While countries remain solvent, that is true. Look at South America or Greece or the UK in the 70's. If a country is no longer considered solvent, they struggle to rollover their debt, the currency collapses and you get hyper inflation. A lot of Western countries are heading in that direction.

[michaelfenton] 26/6/2020 13:31

Has anyone any idea who the persistent seller might be? It seems odd?

[sea7] 26/6/2020 13:04

governments won't worry about the debts anywhere.

They firstly ensure that it becomes zero coupon, or as close as possible, by retiring the existing debt, with more debt.

Then they chuck it in the cupboard, shut the door and forget about it.

example...



The Chancellor of the Exchequer, George Osborne, is today (27 March 2015) announcing that the government will redeem the last four undated bonds in the government’s portfolio, completing the repayment of £2.6 billion of historical debt.

The final four undated bonds to be redeemed in July 2015 can be traced back three centuries and include gilts issued in 1853, when the then Chancellor Gladstone consolidated a number of the capital stocks of the South Sea Company taken on as government liabilities following the Company’s collapse in the infamous South Sea Bubble financial crisis of 1720. Today’s announcement also includes debts first issued in 1752 and subsequently used to finance the Napoleonic and Crimean Wars, the Slavery Abolition Act (1835) and the Irish Distress Loan (1847) and subsequently converted by Chancellor Goschen in 1888.

..........

i won't be losing too much sleep over the governments ability to pay its debts - because it won't - anytime soon.

To clear those undated debts, they issued new debt at a lower interest rate and paid the old ones off.

[sea7] 26/6/2020 13:00

rns out - sango from the BEE partner buys 150k shares

[lowtrawler] 26/6/2020 10:45

Let's look at the facts. World stock markets are are back to near record levels which means they have priced in Covid disappearing and everyone going back to doing everything they were doing before to the same extent as they were doing before and no hangover from the debt created during the pandemic. No increased unemployment, no changed behaviours, no debt defaults.

If anyone says they believe this will be the case, they should be locked up now as certifiably insane.

What is likely to happen? A lot of furloughed workers will become permanently unemployed. People will be less likely to go out and so there will be a permanent reduction in consumer spending. Companies will embrace home-working and so there will be empty office blocks. Government finances will look increasingly poor as they take less tax and pay out more benefits. Loan defaults will massively increase.

Add in Brexit and you have all the ingredients for the most sustained depression since the 1930's and it may even surpass that. The government will need to resort to Keynesian style spending to get the economy moving again adding even more to their debt problems.

Usually in a depression, inflation disappears. However, governments need inflation to make their debt mountain affordable. Whether they can create the inflation they need remains to be seen.

All this should be good news for Gold.

[kimboy2] 26/6/2020 10:11

FWIW I think we are in a bit of a phony recession atm. The real one will start when the government stops paying the bills for people. How bad it will be we will have to see but I don't think it will be good.

I don't think we will see hyperinflation or anything like. My view is that banks are going to reel lending in. I already am hearing that companies that took government money are going to struggle to get bank loans and mortgages are more difficult to get.

I am sure the UK love would love to see 5% inflation for 5 years but I doubt it will happen.

The real problem is sovereign debt. This is going to have knock on effects all over the place, and there is very little in reserve to face an extended recession.

This is all going to make gold look attractive as long as interest rates stay low. If they don't stay low then the price of gold is the least of our problems.

What I would like to see happen is governments cancel the debt they are buying in as QE. In effect they would be nationalising the money supply. They won't like it as too much moral hazard but it could save a lot of pain.

[avsome1968] 26/6/2020 09:06

M/F

Looking at data from company's from September when money stops, could be 25% plus of workers getting laid of so definitely recession coming, this could then put pressure again on banks that could be swamped with dept, building company's already stated that no new site will be opening just be finishing the ones they have.
The realism and fear not here yet but next six months going to be a lot of bad news coming, 2Q results, second wave, recession, unemployment,then Brexit.

Hyperinflation will come next year inflation holding steady at the moment,as for Depression 50/50 all depends on c-19 how bad it will arrive back, but looking how irresponsible people are it doesn't bear well.