Goldplat Share Discussion Threads

[lowtrawler] 07/8/2020 13:41

On the other thread, rossannan points out it has been tipped which they believe accounts for the rise.

[michaelfenton] 07/8/2020 13:11

Entered my tiny mind too Lowtrawler. No really big BUYs but sustained run.

[lowtrawler] 07/8/2020 13:01

The speed of improvement is a surprise. Suggestive that something may be happening behind the scenes.

[michaelfenton] 07/8/2020 12:50

I have now taken out ALL my original investment and am letting the profit go for the ride. It has been a long wait.

[michaelfenton] 07/8/2020 12:48

Most lkkely because the POG is dipping a little?😊 GDP always does the opposite of what you expect?

[lowtrawler] 07/8/2020 12:21

The reason is it's undervalued and got rid of kili. The direction of travel is into low double figures and it's only a question of how quickly we get there.

[michaelfenton] 07/8/2020 11:03

Very funny - I like to know why?

[dinky00] 07/8/2020 10:46

Well we've been looking at it going down for no reason for about 5yrs!About time it went the other way.

[michaelfenton] 07/8/2020 10:25

Just moved up for no apparent reason?

[lowtrawler] 07/8/2020 10:00

Today is more like it. Are we moving onto a level footing with other African gold businesses? If so, about another 3p to go.

[michaelfenton] 06/8/2020 16:37

Now back to 8p?

[lowtrawler] 06/8/2020 16:36

GDP are one of the few industry stocks actually reflecting the price of gold. Yet again today, stock markets are flat, price of gold is higher but gold miners have fallen. The average gold mining stock is only reflecting a gold price of $1920.

[michaelfenton] 06/8/2020 16:34

What are the MM doing? 3 sales equal to about 16000 shares at 8.04 and the SELL is reduced to 7.7p WTF?

[michaelfenton] 06/8/2020 14:47

Yes Kimboy you are right.

[kimboy2] 06/8/2020 14:28

By investing in GDP you are betting on gold and against South African currency. In the last 6 months the $ price of gold has risen about 30%, but the rand price has risen about 50%.

The difference is the depreciation of the rand.

[michaelfenton] 06/8/2020 12:53

avsome 7 Lowtrawler - nothing wrong with taking some profit. I have sold some too. Yes I am very keen on Gold as I believe this is a once in a lifetime op. But the road will not necessarily be smooth. I have a large holding in tesco so not all in Gold.

[lowtrawler] 06/8/2020 12:36

Sensible AV. I've sold half my GDP holding which means my remaining holding has cost me less than zero. I'm trying to build up cash to take advantage of opportunities.

[avsome1968] 06/8/2020 12:26

Michael

never put all your eggs in ones basket, nothing carries on going in straight lines always a pull back i sold 475k here maybe too early put profits profit,i then bought ufo 9 million shares at 0.20 sold the lot this 0.28 morning again maybe too early put short term profit you have to take, my portfolio is 58% cash now a pull back will come maybe not with gold but lots more opportunities will arise. good luck to all AV.

[michaelfenton] 06/8/2020 12:06

My view Lowtrawler is that some just believe the rapd rise in POG and feel it may collapse. I do not subscribe to this theory but the fact is nothing is certain in this game. I am risking all on POG rising with maybe some dips as you might expect with profit takers.

[lowtrawler] 06/8/2020 11:38

Regarding the SK post. I have been wrestling with the disconnect between miners share prices and the gold price. In my case it is SPGP v POG, his is GDXJ v POG. We have both spotted that miners share prices have failed to keep pace with gold. He interprets this as the gold price about to collapse. The alternative is that miners need to catch up. I have been assuming the latter but he has given me pause for thought.

[lowtrawler] 06/8/2020 10:25

Mayflower capital are likely to be behind it and you can find some interesting biographies on their web page. The company itself looks to have been established specifically for this deal and so no other information. More interesting will be which London listed company is assigned the shares....

[michaelfenton] 06/8/2020 09:50

The situation with Gold and Silver is unique and looking back at history will not necessarily help? There are those who believe that gold may end up near 10,000 a bit bit of a stretch for me but it will rise steadily over the enext couple of years as all the pointers are in place.

[kimboy2] 06/8/2020 09:36

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