Goldplat Share Discussion Threads

[michaelfenton] 21/4/2021 13:14

Lowtrawler -dividends would suit me fine and also boost the share price

[lowtrawler] 21/4/2021 13:01

MF, PPHP are just a shell and their past history has no baring on what is happening. As Kimboy indicates, they will likely already know who is going to invest and how much. The delays are around getting the prospectus approved and it is always difficult to know timing for that. My guess is they will pay us £1.5m cash rather than us retaining an equity stake.

At current share price, we have a market capitalisation of under £13m. If we get £1.5m cash for Kili, that's only £11.5m based on trading. We should be making around £4m net profit at current mineral prices and so less than 3 years trading - never mind that we have much more valuable assets. Whether you look at asset values or trading cash flows, the share price has a long way to rise. If the TSF adds to our operating profits, the ratios will start to look very silly.

I still like the idea of GDP paying the £1.5m kili proceeds as a special dividend (0.9p) and then 1p per annum as a routine dividend. It should still leave them plenty of spare cash to develop the business.

[kimboy2] 21/4/2021 12:47

ISTR that Papillon were talking about a run rate of 25kozs pa by Q2/22 and increasing to 50koz pa.

If you take a very modest profit of $500/oz then the numbers soon look very good for a relatively small investment.

I expect that they will raise the cash. Hope is a very saleable product.

[michaelfenton] 21/4/2021 12:07

ha Kimboy2 I feel sure you have worked all this out? The metrics or the numbers you know what i mean?

[kimboy2] 21/4/2021 10:51

I would have thought that the numbers for Kili, based on the plans, would look very impressive.

IIRC they were talking about an initial rate of production of 25kozs.

IMV there is good money to be made at Kili by someone for a relatively small investment.

The problem with these small mines is that they are a gamble on execution. It would be interesting to get records of what had been produced at what cost so far.

I think they will get the money and I would expect it is already lined up waiting for formalities.

The big news coming shortly for GDP is the TSF. Hopefully once the permission is received we can get on with it.

It would be nice to get the metrics on profitability of the TSF.

[michaelfenton] 21/4/2021 08:06

Well I hope they raise the money but if not GDP will recalim Kili and it must be more sailable now it is back in production?

[encarter] 21/4/2021 07:35

Long wait. I'm a PPHP shareholder and they have been suspended for almost five years. I have everything crossed that they can raise the cash but it's dragging on again which is a worry.

[michaelfenton] 21/4/2021 06:31

Yes Papillon raising the required money was always a slight worry for me? Presumably GDP are keeping a close eye on things but Papillon has a chequered record?

[lowtrawler] 20/4/2021 07:45

Given the silence, think Papillon could be another month extension. Our operating results should still impress though.

[michaelfenton] 19/4/2021 15:45

Yep it has been a long wait for news but we have some as you say dangersimpson X 2 by th end of the month. Hopefully all well. GDP is always the forgotten GOLD linked share?

[dangersimpson2] 19/4/2021 15:23

With the gold price strengthening & capital flowing back into the sector, I think the market makers got caught short of stock here since even small buys have been moving the price.

Should get Q3 results by the end of the month plus finally the listing of Papiilion which will give the read through for the GDP stake.

Hopefully these will begin to push the share price above recent highs.

[kimboy2] 13/4/2021 20:03

Well it wasn't me.

The approval for the stock dam is due shortly and once that happens, and they start on reprocessing, then GDP share price will start to reflect its assets.

[michaelfenton] 13/4/2021 16:20

A 1/2 mill share sale just registered?

[pog1234] 08/4/2021 07:10

Something for GDP to look into... would fit nicely...

[russman] 04/4/2021 21:18

another missed self imposed deadline.

[michaelfenton] 30/3/2021 10:29

No I do not think so.

[pog1234] 30/3/2021 10:03

Are the rats leaving the ship?

[michaelfenton] 26/3/2021 08:16

RNS on PPHP share signing with Mayflower. Check on LSE.

[lowtrawler] 24/3/2021 13:53

It's another unexplained oscillation, this time in a welcome direction.

[camerongd53] 22/3/2021 11:47

am surprised at the volatility in the shares for which I cannot fully appreciate good reasons

The shares in recent months have been oscillating between 6.7p and 8.5p.
The company is operating as well as can be expected and the sale of Killi is surely coming to a conclusion and the TSF is progressing slowly. Ghana appears to be coming good again after many years of issues. Cashflow from thee profits has disappeared into stock of raw materials, stock and debtors but will eventually appear as increased profits and cash in bank.
Getting EPS wrong is worrying as I pointed out a few years ago that they calculated it wrong then.
It is good that the POG seems to have steadied in range $1720 to $1750 although being approx 10% less than $1900 where it had been, will probably affect profits.
As a long term holder, I feel the share price should be 10p or higher.
Hopefull there may be a rerating when the March quarters indicative results are announced at the end of April.
I feel it would be helpful if hey disclosed the cash position, debtors and wip at each quarter end.

[michaelfenton] 12/3/2021 19:28

Well - the end of term report reads "Could do better".

[kimboy2] 12/3/2021 19:18

They can't be good at everything.

[pireric] 12/3/2021 18:01

EPS un-annualised now and fixed.

Instead they made a typo on the correction RNS and wrote 31 Dec 2021!

Eric

[lowtrawler] 11/3/2021 14:53

pj, market values across Africa are under-cooked. For GDP, after you deduct money for Kili from our capitalisation, we are on less than 4x trading income. More importantly, our assets are worth significantly more than the capitalisation. However, Shanta (SHG) are on 3x trading cash flows, zero debt, paying a dividend and have huge potential to expand in West Kenya. In my view, Africa needs to be up-rated but I don't see any near term prospect for that.

[philjeans] 11/3/2021 14:32

So undervalued here now - took another 100k.