Goldplat Share Discussion Threads

[kimboy2] 14/9/2021 22:58

Gerard chatting about how Kili 'will be very, very, very profitable within 6 months'.

[lowtrawler] 13/9/2021 10:25

It's difficult to escape the perception that either GDP prevented Gerrard from transforming Kili whilst he was in charge or Gerrard deliberately sabotaged Kili so to create the opportunity with GCAT.

Couple this with a perception we overpaid to increase our SA holding and have been less than competent on the new TSF. I believe a combination of events lead to a view the current GDP management are not up to the job. GDP clearly has profitable operations and valuable assets but these are not properly reflected in the share price, partly due to concerns over management.

Martin can clearly influence how these issues are addressed. However, he doesn't appear to be any sort of expert in running this type of business himself and so identifying improvements could be difficult. Indeed, I expect he would have been consulted on the SA acquisition and the GCAT disposal.

[kimboy2] 13/9/2021 09:19

I notice that GDP's holding in GCAT has increased in value by £0.5m. More than they ever made running the thing.

[lowtrawler] 08/9/2021 11:28

It appears to me that Martin is buying up to the takeover limit. He doesn't appear to be in any rush and so it may not result in an offer, especially as he already has effective control.

While we may hold out for 20p, at what price would he get acceptances for shares taking him over 50%? My guess is somewhere between 12p and 15p.

[michaelfenton] 08/9/2021 11:23

shill10 20p is my starting point - it is probably worth more but is not well managed?

[shill10] 08/9/2021 11:12

yep 20p has always been my target -

[kimboy2] 08/9/2021 09:43

Well what is the TSF worth to a shareholder of GDP?

There are 82k ozs, at least, if we assume;
1. 50% recovery
2. $800/oz cost of processing
3. $1,000/oz gross profit
4. 90% GDP holding in SA
5. 28% tax

Then we get about 11pps distributable profit. Then add in the recovery operations.

[michaelfenton] 08/9/2021 09:26

I wonder what the highest price Martin purchased at? Goldplat is seriously undervalued but maybe Martin thinks he can take private or some other takeover and then he is free to extract maximum value which is not the case right now. What would most of you settle for as an offer price? For me I would only start considering things if the offer was north of 20p?

[shill10] 08/9/2021 08:55

thanks - are they out completely now ? if so we have room to run, just like after Martin took out the other big overhanging holding at 5p from memory in JAN 2020.

[kimboy2] 08/9/2021 08:40

Kilo Trust

[shill10] 08/9/2021 08:39

agreed kimboy- who was the seller?

[kimboy2] 08/9/2021 08:28

Well Martin Ooi is confident. There has to be a question as to his exit strategy and how he could get out without collapsing the share price as well as to why he is so confident.

IMV the answer is simple. He is expecting to get his cash back, and more, from the dividend from the profits of the TSF.

He will make a profit on the capital he has laid out and an effective exit strategy. His holding is then carried at zero cost.

We should hear something of the TSF soon.

[philjeans] 08/9/2021 08:20

Great time to BUY.

So undervalued!

[dinky00] 08/9/2021 08:09

Martin Ooi up to 28.12% stake."A mandatory offer is one which compels a purchaser acquiring 30% or more of the voting rights in a company to make a cash offer to all other shareholders at the highest price paid by such purchaser in the previous 12 months."

[michaelfenton] 08/9/2021 04:47

I agree shill10 but what I would love is some insight into his longterm plans. He obviously has some.

[shill10] 07/9/2021 21:31

yep, my money is on Martin.

[kimboy2] 07/9/2021 18:21

It is either the Kilo Trust or Martin Ooi. Whoever it is it looks as though someone has spent £560k on GDP shares. Presumably we will find out as there should be an announcement.

[sea7] 07/9/2021 16:15

2 x 8 million share trades gone through at 7p - bet that is kilo selling out the last of their holding and the buy trade as well.

[michaelfenton] 07/9/2021 13:25

All true hj996 poor management but I have a feeling Martin Ooi will not allow this for too long and Ghana is progressing steadily? The tailings issue has been badly mismanaged? I still hold some but have sold the lions share of my holding but keeping an eye on things and any developments.

[hj996] 07/9/2021 13:05

Seems GDP shareholders have been let down (again) by selling or should I say giving away almost for free a valuable asset. The Non Exec at GDP has also become the Director at GCAT.

GDP could have IPO'd it themselves or got a better price did they even try? Or brought in skilled management who could have developed it. It didn't need much money and shareholders would have been happy to take part in a placing with the right plans. GCAT are talking about a 2 million plus potential resource and 50000 oz a year eventually. The mine already has over 600,000oz JORC resources.

GDP just seems to be a lifestyle company or content to just plod along. How long have they had the tailings issue and not yet resolved it.

[kimboy2] 01/9/2021 23:31

Some interesting facts on Kili from about 10.20



Caracal are getting 1g/t more gold from the ore and throughput has increased from 110 tons a day to 500.

"The previous owners didn't really know what they were doing".

Be interesting to get Gerrard's view on that.

[lowtrawler] 01/9/2021 01:14

The GCat prospectus, and revised prospectus also defines a number of these named shareholders acting as a concert party and so worth reading the revised prospectus on this.