Goldplat Share Discussion Threads

[kimboy2] 06/8/2020 09:36

Has anybody seen sight of the company which is listing Kili?

[lowtrawler] 06/8/2020 09:18

For the last 12 months, his only real mistake has been advocating the oil and gas sector as a hedge against the crash. He invested at the correct point following the march crash and is now in cash waiting for the big crash.

[lowtrawler] 06/8/2020 08:46

I agree with him in its entirety except timing. I think he is premature and we are a couple of months from the meltdown. I've stayed out of silver because I think it will collapse to 2 year lows before rebounding strongly. Gold will also fall but less precipitously.

[michaelfenton] 06/8/2020 08:36

I am in agreement about the market meltdown and include gold in that but it will in my opinion bounce back strongly. Just Gold and Silver I mean.

[lowtrawler] 06/8/2020 08:09

He's been long gold for well over a year and so will have done very well. As you can gather by reading, he is currently in complete market meltdown mode, including gold.

[michaelfenton] 06/8/2020 07:50

Well I am sure SK sold out at a great profit?

[lowtrawler] 06/8/2020 07:20

For an alternative view on gold, contrarian investor Stephen Kaplan has just sold out of metals. hTTps://truecontrarian-sjk.blogspot.com/2020/08/investors-should-always-keep-in-mind.html?m=1

[lowtrawler] 05/8/2020 10:56

I think we've probably cleared out the profit takers and so can get back to 8p plus. I see no reason for them not to pay a dividend. If they do, suspect it will be around 1p giving over 10% yield. That will attract a lot of interest and the price could fly.

[michaelfenton] 05/8/2020 08:40

Rising on small volume now.

[dinky00] 05/8/2020 08:34

It's mind boggling.I reread the Operational update this morning. £3.2m cash, >£5.5m Operating profit this year. That's 75% of the current Mkt Cap.The company HAS TO return some money to shareholders in the form of a dividend or a buyback.

[michaelfenton] 05/8/2020 08:25

POG up and all my Gold stocks on the up but as per usual no reaction so far from GDP? Maybe later today?

[michaelfenton] 05/8/2020 04:16

But we can Kimboy just like Martin Oii.

[kimboy2] 04/8/2020 19:11

The gold price seems to have gone for a walk.

What a shame the company can't buy its shares.

[lowtrawler] 04/8/2020 12:01

When you can generate enough cash over the next 18 months to buy back all your shares at the current market price, you know you are undervalued. Fundamentals eventually win through but it remains a mystery as to what the catalyst will be that re-rates onto fundamentals.

[dinky00] 04/8/2020 10:38

It was 14p-16p in 2007-2012 when Gold traded closer to $1000.I accept it's not going to get back to that level overnight but we're not even back above Jan 2018 highs of 8.3p!Are we really not better off than Jan 2018? Gold was $1300 then. Cash balance was £918k.

[michaelfenton] 04/8/2020 09:22

Thanks glenborthwick - I had missed the Oii RNS.

[lowtrawler] 04/8/2020 09:01

Dinky, we hit a 12 month high and so there will be profit taking. Give it a couple of weeks and we'll be 8p and above again.

[lowtrawler] 04/8/2020 08:59

Looks like he's happy to keep accumulating, at least until forced to stop at 29%. Why not? We see value and he'll see more than us.

[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.