Goldplat Share Discussion Threads

[dinky00] 04/8/2020 08:57

Great results, Kili sold, Martin Ooi buying more.....and share price lower than ????

[spagboll] 04/8/2020 08:45

he means look at the announcement that just came out

[glennborthwick] 04/8/2020 08:43

https://www.investegate.co.uk/goldplat-plc--gdp-/rns/holding-s--in-company/202008040816070568V/ martinooi

[michaelfenton] 04/8/2020 08:40

glenborthwick - sorry i must be a bit thick? Waht do you mean Oii topping up?

[glennborthwick] 04/8/2020 08:18

Ooi topping up

[lowtrawler] 03/8/2020 23:28

We've just bounced off a 12 month high and so profit taking is going to be big business. It might even last for a few more days.

However, to add to kimboy's post, build in the extra price for gold - likely over 2000 for most of next year. Add-in the missing production from Covid. Add-in extra income from tolling. Add-in concentrating on highest recovery business to take advantage of the gold price. These will take GDP to the £6.5m I mentioned previously and justify a double digit price based on trading. Add-in the cash and share ownership of kili - another 2p at least. Then, what if a dividend? Then, what if African miners / gold shares are re-rated?

Based on current trading and assets, I see 12p as close to certain over the next 12 months. If the "what if" scenarios come about, it could easily go to 17p or more.

[yorgi] 03/8/2020 20:10

With recent gains there was bound to be some profit taking.

Quite so Kimboy.

You are quite right Lowtrawler. So often people think the ADVFN trade column can be taken at face value. Only by regular testing of bid/offer can one get a better idea of whether the two columns are correct or not.

[lowtrawler] 03/8/2020 17:02

Only those involved in the transaction will know. The buy / sell indicators on advfn simply show whether a transaction was above or below mid quote and the AIM quoted prices can be wildly out.

[kimboy2] 03/8/2020 17:00

Wouldn't worry too much about it. The numbers will grind out. If the Q4 numbers are repeated in the future, and without Kili, then we get something like:


Q4/20Op Pr SA 2.067Op Pr Gh 0.28Op Pr Kil 0 SA Tax 28% -0.578SA Non con 26% -0.387Ghana Tax 15% -0.042 Finance -0.075 Central costs -0.2 PAT 1.065m



Hopefully there will be the tolling to come shortly as well.

[michaelfenton] 03/8/2020 15:26

Can anyone confirm that the 250,000 at 7.3p was indeed a sell?

[michaelfenton] 03/8/2020 15:03

Hope youare proved wrong Lowtrawler but have to conceed that you could be right.

[lowtrawler] 03/8/2020 14:51

I'm not overly concerned about the short term price swings here. In my view, next year's results will speak for themselves and we will easily achieve 10p before the end of this year. If they introduce a dividend, it could be higher still.I'm still concerned that miners generally have not followed gold above 1900. In my view, it indicates a steep correction for gold. Stupidly, miners will also fall even though they never went above what 1900 would support. When this happens, should be a buying opportunity.

[michaelfenton] 03/8/2020 14:51

trying for another 50,000 at 7.31p but no takers? still showing as 7.7p - 7.2p

[michaelfenton] 03/8/2020 14:46

Well I am happy picked up 100,000 at 7.3p which i had recently sold at 8.1p I am a longterm holder butlike to have a bit of fun from time to time? Get bored watching the paint dry.

[lowtrawler] 03/8/2020 14:39

Suspect it's just gold falling and a bit of profit taking.

[michaelfenton] 03/8/2020 14:35

Yes sorry Lowtrawler 7.3? 5.3p would have been crazy.

[lowtrawler] 03/8/2020 14:34

You mean 7.3?

[michaelfenton] 03/8/2020 14:25

Why the sudden drop.

I have just made 2 purchases of 50,000 shares one at 5.3p and one a tad over 5.3p both showing as sells. Have I just got lucky or are MM,s up to something?

[kimboy2] 31/7/2020 16:53

I suspect that Mayflower is going to be held in a holding company on the Main List of the Stock Exchange. GDP will end up holding something like 25% of Kili depending on how much cash they want to raise.

The $4m will fund production of about 8kozs. I think the costs will be lower than initially expected because, given the gold price, there will be less need to fund losses while production is built up.

They will be looking for ore with an average of 4g/t. Obviously with a resource of 671kozs, and scope to explore, there are many years of resource available.

Gerard has said that the maximum production would be 15koz pa, but that would need some further exploration and investment.

I do not know Mayflower but I would be surprised if they intend to have a company with just Kili, unless there is a lot more gold than we thought. Presumably they intend to pick up a portfolio of cheap gold mines which have run out of cash.

The bottom line is how much is 25% of a fully operational Kili worth? I suppose we will see when they write down the loan at the AGM.

Perhaps the most important, is that Kili is no longer going to cost £600k pa or absorb management time (all being well).

[russman] 31/7/2020 14:23

With the write-off GDP is paying Mayflower to take Kili away.
Spilt milk, move on, get back to basics.

[kimboy2] 31/7/2020 09:29

Also noticed this;
In the interim, and in addition to the considerations above, GMR and Mayflower have agreed that Mayflower will invest up to USD300,000 and GMR up to USD150,000 into Kilimapesa as a loan to restart the treatment of artisanal tailings at Kilimapesa's processing plant. The loan will be unsecured and interest free and repayable out of profits generated from tailings processing after payment of current and historical creditors.

Presumably they are expecting the artisanal material to meet all of Kili's costs.

[lowtrawler] 31/7/2020 08:52

A lot of African miners are stuck at low valuations. Comparing GDP to their African peer group, around 12p will bring them back in line. I expect African miners to become better valued and further growth from there will depend on it.

[dinky00] 31/7/2020 08:42

Getting rid of Kili cannot be underestimated. Probably the single most thing that has held this company back for years.With Gold price where it is (and not looking like pulling back anytime soon), S.Africa & Ghana going well and (now) Kili gone, the share price has no business remaining sub 8.5p in the range it has been stuck in for years

[avsome1968] 31/7/2020 08:28

Lowtrawler

Market likes it can see double digits next 6 months or not before specially if gold remains bullish which it will good luck best wishes AV.

[lowtrawler] 31/7/2020 08:20

Well done AV, never wrong to book a profit. With kili gone and current gold price, I reckon we'll have after tax attributable profit next year of around £6.5m. Our current market cap is £13m. Still plenty of room for price growth.