Goldplat Share Discussion Threads

[glennborthwick] 23/10/2020 08:14

Indeed. Depends if I tell the wife and kids Christmas is off because I bought a shed load of shares in an African gold mining company ;)

[michaelfenton] 23/10/2020 08:09

glennbortwick - cost averaging is always sound practice. If you want to be a long term holder which many on here are?

[dangersimpson2] 23/10/2020 08:07

SA:
- great to get clarity on sourcing for so long into the future. Looks like this issue is finally sorted. Means if future profitability is assured we should have a material re-rating.
- Installation of extra equipment in SA cost them 3kg of production in Q1. Will add extra production in Q2 onwards, say 5kg. Most of this will be incremental to th bottom line so another £200k operating profit from Q2 onward £5m op profit from SA this year.

Ghana:
- again sourcing issues seem to be sorted and looking very positive again here.
- £1m+ operating profit for the year.

Kenya:
- £100k cash loss for Q1 but should now be the last of the losses.

Still looking very undervalued on today’s results.

[glennborthwick] 23/10/2020 07:46

I'm hoping price doesn't run too fast too soon. Only holding 2 grands worth. Would be nice to add a grand a month over next 3 months to make it a worthwhile holding.

[shill10] 23/10/2020 07:42

yep ,Ghana is a nice surprise, 24 months of supply for SA means the nasty surprises of the past are well behind us and the TSF sounds like it is going to happen - lets not forget that's a resource of c 88,000 oz and the production costs involved should be very low, exciting times.

[michaelfenton] 23/10/2020 07:31

Slow but steady as she goes. SA doing OK, Ghana looks rosy and could end up better than SA? Kili still draining but should stop 31st Dec but still a write down? TSF looking promising.

[glennborthwick] 23/10/2020 07:19

The valuation here is bonkers low. Should make 6 million a year. Market cap has to be 30 million plus. Should go to 20p plus over next 12 months.

[glennborthwick] 23/10/2020 07:09

All looks good to me. Rns.

[pakenham] 22/10/2020 17:19

what pe for a repetable process - 15 id say - we are nearly making a 12th of our mcap per month so should be a £ now. ashanti jv and kili sale bonus extras... why has market got this so wrong!!!!!!!!!!!!!!!!! update tomorrow - see if we made another huge profit for 3 months just gone.

[avsome1968] 22/10/2020 08:33

I would've thought Monday now, someone munching all the sells can see 9-10 before week out,

[glennborthwick] 22/10/2020 08:23

Thought we might get 1st quarter news today.

[shill10] 21/10/2020 17:42

oh well, not today - roughly 8.5 million shares traded in the last 3 days, worth keeping an eye on.

[shill10] 21/10/2020 14:55

yep - a close above 8.47 would be a new 6 year closing high, lets see if we can do it.

[dangersimpson2] 21/10/2020 14:04

Bit of gold price strength helping things along too, looks like we are off to the races!

[avsome1968] 21/10/2020 13:59

Last few days noticed a few 50k going through either martin adding or we have a newbie adding, sells are getting mopped up, did a dummy 150k sell wanted them all, hmmmmmmm news looks like it will be very good looking at the trades this week,

[shill10] 21/10/2020 11:12

20p, £1, does it really matter ? The point is that short of a collapse in the Gold Price this is probably the best risk/reward play out there in the Gold Sector. Just have to methodically use weakness to add and strength to lighten up - plus a large dose of patience, which is not always in abundance.

[kimboy2] 21/10/2020 08:24

Well a £/share would be a market cap of £170m rather than £13m at present, quite a jump.

However, if gold stays where it is, then by this time next year GDP may have getting on for £10m in cash. Then there is £16m post tax attributable from the stock dam to start coming in soon, hopefully.

How far GDP goes will depend on what they spend this heap of cash on.

The past isn't particularly encouraging in that respect. Having said that Mayflower are expecting Kili to produce 25kozs a year, no doubt at a profit of $1,000/oz profit at present prices. Perhaps we will see a return.

Personally I would like to see them start an environmental clean up division, perhaps taking over an existing operation somewhere.

If that went well we may get to the £1/share.

[michaelfenton] 21/10/2020 05:25

I think somewhere between 20p and 100p at the lower end is realistic. 30p+? Dividend I am not so sure more likely buy back? We will know soon enough.

[pakenham] 20/10/2020 21:13

haha - should be a £ now - we'll see

[avsome1968] 20/10/2020 21:10

Pak

Well you neve know, my target price 20p think we will see in the next 12 months, all depends on pog though.

[pakenham] 20/10/2020 19:41

You say that but if it's making its current mcap each year then it should be a £ and that is what I think its doing - made 700k a month last quarter with 27 days off coz of covid - and Ghana is a fantastic asset and bonus few million from asset sale and no net debt.

[avsome1968] 20/10/2020 19:33

GDP will never reach a pound but we can all dream, be nice if theirs a surprise divi

[pakenham] 20/10/2020 19:11

Making about a £1m a month (made over 2m for last quarter and that was with 27 days lost to covid) = to mcap - pe of 1 - this really should be a £ minimum on a modest pe of 12 - SA business is recurring business model so 12 very modest. Market can't ignore the numbers forever. Anthing on markets making its mcap each year - not even close - not even 30% of its mcap. Truly extraordinary - If this isn't a £ soon I give up. Sale of kilimapasa and jv with ashanti on top worth more than mcap on their own imo. Maaaaaaad!

[dangersimpson2] 20/10/2020 17:04

A pound would be nice but you may want to look for it to break 10p first ;-)

[pakenham] 20/10/2020 16:54

Update at end of week. Expecting a £ here soon once market looks at the numbers and takes it all in.