Goldplat Share Discussion Threads

[lowtrawler] 01/10/2020 07:53

Mf, nothing to worry about yet. Capitalising Papillon was always going to take longer than end September. Only issue I see is we still haven't received all the documentation we need for our due diligence. That's due to happen by mid October which is why the results are delayed.

[avsome1968] 01/10/2020 07:19

Nothing much in news that we already know.

[michaelfenton] 30/9/2020 11:35

Communication with shareholders has never been a GDP strong point?

[kimboy2] 30/9/2020 11:04

Well I suspect we are going to get some sort of announcement today as the date for completion was 'by 30th September', even if it is just a delay announcement.

All the other decisions will already have been made.

[camerongd53] 30/9/2020 10:34

There is in my opinion no reason why a trading update cannot be given.
I suspect the reason is that considerable consideration as to how the sale of Killi is to be calculated and treated in the accounts - will require serious discussion with the auditors.
Also the BoD may want to make a decision on dividends or share buyback before making an update or announcement.
Last year the results were announced on 30 Sept. Because of Covid and the sale of Killi, I am expecting they may be delayed by approx 1 month.

[michaelfenton] 30/9/2020 08:10

Another slightly larger sale 86908 and we are marked down.

[michaelfenton] 30/9/2020 08:08

In recent light trading the last 8 trades have all been sells. Wake up Goldplat why are you waiting?

[michaelfenton] 30/9/2020 07:37

Question: why would you delay the RNS by waiting for another Kili update? This makes me nervous? I am sitting waiting twiddling my thumbs. Stupid but true.

[kimboy2] 29/9/2020 23:25

Presumably we will hear something tomorrow morning.

[kimboy2] 28/9/2020 20:55

I expect the logic will be correct.

[michaelfenton] 28/9/2020 19:51

Logic tells you that Martin Oii would favour a buyback.

[kimboy2] 28/9/2020 18:17

It is a question of what Martin Ooi wants.

[dangersimpson2] 28/9/2020 18:05

Buyback requires a mandate at the AGM, I'm not sure they will do either in the short term but I see no reason why they shouldn't have a standing buyback mandate in place at the AGM.

[michaelfenton] 28/9/2020 16:46

I agree Lowtrawler - but for me buyback is favourite. We shall know probably on Wednesday?

[lowtrawler] 28/9/2020 16:26

I don't think any dividend or buyback announcement is priced in and so either would have a positive impact.

[michaelfenton] 28/9/2020 16:21

My guess that is what we will get assuming all is well?

[kimboy2] 28/9/2020 15:55

Personally I would prefer a buyback. You get more bang for your buck.

[michaelfenton] 28/9/2020 14:30

Dividend or Buy Back or both? Or am I being greedy?

[lowtrawler] 28/9/2020 14:17

Biggest impact could be any dividend announcement with the results. Fingers crossed.

[kimboy2] 28/9/2020 13:24

I reckon if gold prices stay around the present level then GDP will make post tax and attributable profit of £4-6m in 2020/21, which means they are making about £80k per week.

[dangersimpson2] 28/9/2020 13:00

Results won't be a surprise since we know all the details from the operations updates. Finance costs could be anything due to FX on intercompany loans, and we know there will be a big write down of these due to Kili sale. All of these are non-cash though. Nothing here should move the price, although you shouldn't underestimate the ability for investors to only read the headline numbers without understanding the reality. In terms of cash they have £3.2m and net cash of £2.2m.

The outlook should be the biggest impact on price and here I expect some positivity. Average ZAR gold price is still 5% higher today than the Q4 average despite some recent weakness.

If 2021 = 4x20Q4 in SA, Ghana continues to recover and without Kili losses around their neck then £10m operating profit is possible in 2021. Obviously taxes, non-controlling interests & finance costs take a chunk of this out of the bottom line but a £12.5m market cap shows how much impact a positive outlook statement could have here.

[michaelfenton] 28/9/2020 10:20

Lets hope The Three Witches are not involved Kimboy? I love your positivity.