Goldplat Share Discussion Threads

[shill10] 04/1/2021 12:06

dinky , 8.5p trading now, market makers have no stock for sale, see 9p breaking this week as long as price of Gold doesn't sell off hard. Also Martin Ooi was back in 11am auction bidding 8p for 185,000, didn't get filled.

[michaelfenton] 04/1/2021 10:14

As Kimboy suggested BUY BACK now would seem most appropriate? Sometimes you have to take the bull by the horns and this is not exactly the Goldplay way. Very timorous.

[dinky00] 04/1/2021 09:42

Errrmmm and look at the Gold price

[kimboy2] 04/1/2021 09:12

It would seem a good time to do the buy back but I don't think that they will, not yet anyway.

GDP has said that the losses from subsidiaries are not used to offset tax in Ghana and South Africa. The suggestion is that the restructuring will change that.

Given that they have over £10m of losses in Kili and pay over £2m tax in SA that would be a useful trick if they can do it.

[shill10] 04/1/2021 09:11

or chance of slightly improved terms re shares - sounds like another party sniffing around and Goldplat have managed to negotiate slightly better terms.

[shill10] 04/1/2021 08:48

kill update out - might get the $1.5 mill in cash now which would be nice ,hopefully would accelerate the share buyback.

[michaelfenton] 03/1/2021 06:00

and also not putting the recording on GDP website promptly as promised is annoying.

[michaelfenton] 03/1/2021 05:58

yes some will be a tad frustrated with the possible delay on BUY BACK. Once again we will have to be patient so lets wait and see.

[kimboy2] 02/1/2021 22:45

Doesn't sound like they are going to do buy backs for a while, which is disappointing.

One of the reasons is because they want to pay off debt. Given that this cost £0.4m last year that would be a good idea.

Think making the structure more efficient may be significant. Werner was talking about reducing administrative costs as well as taxes.

There doesn't seem to be anything to hold them back from doing whatever it is they are thinking of so I would expect something in the near future.

[kimboy2] 02/1/2021 21:42

Thanks very much for that. I thought there were a few interesting bits.

[michaelfenton] 02/1/2021 19:16

Link for conference call

[kimboy2] 02/1/2021 18:41

It is clear who is bossing the company after the AGM. I was surprised that Ian Visagie didn't resign rather than be chucked off. He must have known what was happening as I am sure everyone else did.

I have no idea what he actually did but at least the effect will be pour encourager les autres.

Anyway GDP had a pretty good 2020 all things considered, and hopefully 2021 will be as good.

From Monday the company can buy its own shares. It will be interesting to see how they play it. I am hoping the Nomad doesn't get it curtailed by problems with inside information. They need to buy at least 80k a day to use the authority up.

I am expecting something about Kili on Monday as the due date has passed. I haven't seen anything from Papillion, but I would have thought the likelihood is the deal is completed otherwise we would have had something pushing the date out.

ISTM if we can get rid of Kili, get the TSF going and with the buy backs we might be pushing 20p in a year's time.

The conference call still hasn't gone on the website. Clearly GDP's idea of 'shortly' and mine are somewhat different. I asked a few questions so would be interested if they answered any.

[russman] 31/12/2020 19:46

Thought it was the Kili deadline today.
The minority flexed its muscles today; maybe the remaining directors should seek the support of major shareholders for GDPs future investment plans.

[dinky00] 31/12/2020 14:57

Closing the year above 8p is ok considering where we were in Jan. But £13m mkt cap is peanuts considering what's in the locker here ....2021 will hopefully set that straight

[shill10] 31/12/2020 14:11

clearing out the deadwood, good to see. HNY to all on here.

[kimboy2] 31/12/2020 13:59

Clearly Martin Ooi didn't support Ian Visagie

[wigwammer] 31/12/2020 09:09

I don't think anyone is. ATB :)

[russman] 31/12/2020 08:42

& don't forget Kili either.

[michaelfenton] 31/12/2020 05:57

I cannot find the recording on Goldplat website. Any idea where it is anyone?

[shill10] 30/12/2020 20:34

that was the logical conclusion - either deal completion or extension but 100% that it will be done at some stage, allowing total concentration on recovery business.

[kimboy2] 30/12/2020 20:22

ISTR the backstop date for Kili is tomorrow so I would have thought they would have said something about that. Presumably there will be an RNS tomorrow.

[dangersimpson2] 30/12/2020 20:06

Yeah, nothing really to note - pretty much business as usual. I know they wanted to get this in before the end of the year but think this format isn't great - clunky way to answer questions - they could have really done with doing a proper PI world or investormeetcompany presentation plus typed questions.

[wigwammer] 30/12/2020 19:43

Apart from RNS on 9th December giving time, date and dual in number :)

[russman] 30/12/2020 19:26

Poor communication of conference call today.
Still few figures provided.
Strange date and time to hold it.

[shill10] 30/12/2020 19:08

not too revealing, generally very upbeat but short on details - avoided answering the big Q re TSF recovery rates and costs per oz - reason given was still deciding between 3rd party or doing it in house. but did promise to update the market on this soon, so fingers crossed. Talked about Kili in the past tense so can only assume this is getting done soon. All in all impressive and professional, despite the lack of detail.