Goldplat Share Discussion Threads

[kimboy2] 17/2/2021 09:24

Well my view is that GDP poured about the present mkt cap into Kili and it didn't work. If Mayflower can get their numbers to work then well done them.

I would rather have the £1m in the bank.

[michaelfenton] 17/2/2021 07:57

Pog1234 no point crying over spilt milk. It is what it is. Many were happy to give Kili away at least if it does well we may get some royalty?

[pog1234] 17/2/2021 07:25

Yes, and you wonder why Goldplat never spun off Kili as a separate listing and raised some cash themselves? Would have solved two problems, no more funding needed, although some initial costs to do the listing, and the GDP shareholders would still have a substantial part of Kili as for now almost nothing.

[michaelfenton] 17/2/2021 04:53

Geratd gave a very nice presentation and was quite complimentary to Goldplat too. Shanta Gold development is nearby too.

[sea7] 16/2/2021 20:17

looks like gerard is finally getting his own way with kili, one way or another.

his consultancy days with GDP are likely to come to a halt, of his own choosing, the moment that gets listed and GDP cuts ties with it.

[kimboy2] 16/2/2021 19:15

Spoiler alert: Be prepared for irony overdose

[michaelfenton] 16/2/2021 16:08

GDP is very sensitive - Gold dropped like a stone but now recovering swiftly.

[michaelfenton] 15/2/2021 08:23

Why marked down this morning?

[kimboy2] 15/2/2021 08:04

Well the subsidiary tax cost £0.226m last year, which will now be added to the bottom line.

Not really sure what the arguments were for a Guernsey operation or why it wasn't done before.

[spaceparallax] 09/2/2021 10:48

This bounce comes as no surprise to me after yesterday's news.

[michaelfenton] 09/2/2021 10:23

Kimboy2 not like you to have no numbers?

[kimboy2] 09/2/2021 10:02

Rumours are that they have bought a bitcoin dump in Newport. Up, up and away.

[shill10] 09/2/2021 10:01

finally someone has woken up.

[glennborthwick] 09/2/2021 10:00

What's going on here then. Wasn't expecting this strong bounce back.

[dangersimpson2] 08/2/2021 16:39

Well they wouldn't mine bitcoin, they would recover it from the discarded tailings of other bitcoin miners, right? ;-)

[dinky00] 08/2/2021 14:20

GDP should announce they're mining Bitcoin. There are enough idiots out there who would buy in on the back of that

[shill10] 08/2/2021 14:19

Tesla buys bitcoin, might buy Gold...

[kimboy2] 08/2/2021 11:25

and the price of the rand

[michaelfenton] 08/2/2021 11:16

I suppose this is all dependent on the POG which maybe why they are being cautious?

[dangersimpson2] 08/2/2021 11:05

New stock dam is effectively maintenance capex so has to be done. However, the rest should be incremental capex. If their IRR on investment is anything like the level we think it is, I am more than happy for them to retain the capital and building a larger, more sustainable ongoing business.

[spaceparallax] 08/2/2021 10:57

Very reassuring update.

[kimboy2] 08/2/2021 10:11

Well they probably have something over £4m in cash but they have one or two potential calls on this, for example;
1. Paying off debt - £1m
2. New stock dam - £700k
3. Increase inventory - perhaps £1.5m
4. Perhaps equipment to process TSF - £1m?
5. Perhaps setting up a parallel operation in Ghana to do tolling - ?

All this isn't in one year of course but I can understand them being cautious. They don't want to do what they did last time and have to curtail it.

[pog1234] 08/2/2021 10:08

-4%, not a stellar report but was it that bad?

Sure, the uncertainty regarding Kili is a drag....

[michaelfenton] 08/2/2021 09:58

Well you could do both you know? Buybacks followed by Divi?