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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Goldplat Plc | LSE:GDP | London | Ordinary Share | GB00B0HCWM45 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 8.00 | 7.80 | 8.20 | 8.00 | 8.00 | 8.00 | 81,823 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Gold Ores | 41.88M | 2.8M | 0.0167 | 4.79 | 13.42M |
Date | Subject | Author | Discuss |
---|---|---|---|
22/1/2023 17:20 | I am also distinctly dischuffed. My information, from a couple of people in a position to know, is pointing the finger at the auditor for being dilatory. The company can hardly say explicitly the auditor is useless. The last RNS went as close as they can. There has clearly been a breakdown in the relationship. The auditors promised January 20th and let them down, for a second time, making the company look monkeys. The company's behaviour gives every impression that there is nothing untoward. If there were the shares would have been suspended immediately to prevent leaks and speculation. It wouldn't surprise me if we get a piece of surprise good news to help salve the furrowed brows. No doubt a 0.5p dividend and all will be forgiven. | kimboy2 | |
22/1/2023 15:44 | A lot of speculation on here and maybe some scaremongering. The truth is we will just have to wait and see. | michaelfenton | |
22/1/2023 15:36 | Whichever way one looks at this it is a disgrace The damage done here is appalling If it’s the auditors fault because of some failure to perform work on a timely basis they need to be both sued and sacked If it’s goldplat fault for failing to deliver information on a timely basis then director employees responsible need to be sacked The great fear here is that it is a serious fundamental problem - fraud - dishonesty -misrepresentation of facts That have been uncovered by the auditors Who knows ?? But the company is silent Everything was going well … or so it seemed And now this complete balls up As a large long term shareholder I am beyond incensed by this utter shambles Alm | ih_692232 | |
21/1/2023 18:47 | Thanks, I thought similar, but didn't know the full rules. I missed out on all the discussions on the delay last year, having only been a shareholder for just under 10 months. Obviously different situation last year, but same auditors. New auditors required for sure, although resolution 3 on the recent AGM passed them being re-appointed. I hope they have a clause in their contract with BDO wrt late delivery. | itsyou | |
21/1/2023 13:09 | Nevertheless means in spite of. The latest RNS says 'it will nevertheless be released'. Not a hope or estimate but 'will', ready or not. The answer to your questions are; 1. No 2. Yes 3. No I don't think it is rushed. It is a challenge to the auditors. As a shareholder what I want is reassurance that something untoward hasn't happened. If something had happened then they would be required to announce it immediately, whether suspended or not, and the haven't. They have had plenty of opportunity. Perhaps some sort of trading update would be in order while we are waiting. | kimboy2 | |
21/1/2023 11:00 | I've also mulled over that comment K2 and also did the same with no reference to accounts or audit, but just Annual Report. Has the audit completed? Can they issue the Annual Report without audited accounts? Will this enable them to re-list? Could be just a rushed out RNS and it lacking important detail? | itsyou | |
21/1/2023 07:14 | Under promises and over delivers, a company would develop a good reputation. | russman | |
20/1/2023 16:58 | Another self-inflicted banana skin. | russman | |
20/1/2023 15:36 | A pretty poor show. | arlington chetwynd talbott | |
20/1/2023 14:27 | RNS out - no details - annual report still being finalised. Will be released by end January. | lowtrawler | |
20/1/2023 10:50 | This is where we need some accountability. | arlington chetwynd talbott | |
20/1/2023 10:25 | ACT, as per my post 10163, I do list conspiracy theories as the least likely cause of delay. However, the more likely options are GDP responsibility. | lowtrawler | |
20/1/2023 10:11 | That sounds like wishful thinking, almost always a mistake on AIM. I think Kimboy2 is right. | arlington chetwynd talbott | |
20/1/2023 09:57 | kimboy, normally I'd agree but we have been led to believe the auditors were in possession of all required information from GDP to complete their audit on time last year. If so, even if they had not commenced their audit in mid December, it would be complete by now. IMV, there is absolutely no way that any delay beyond 20 January is being caused solely by the auditors. The only plausible explanations are (in ascending order of likelihood): 1. GDP have not provided all the information required to complete the audit. 2. GDP and the auditors are in dispute over accounting treatment. 3. The audit has identified a major discrepancy that needs investigation. 4. A conspiracy theory. | lowtrawler | |
20/1/2023 09:29 | The suspension and lack of update does lead my mind towards conspiracy theories. Under what circumstances might a suspension suit GDP? Conclusion, when they are negotiating a price sensitive deal that would otherwise have to be announced to the market. | lowtrawler | |
20/1/2023 09:12 | I have emailed them, info@goldplat.com Not expecting a response but we'll see. | lowtrawler | |
20/1/2023 08:46 | Another day of shareholders being denied access to their funds. I think we deserve a full explanation. | kimboy2 | |
20/1/2023 08:32 | Yes, it now appears that "on or around 20 January 2023" does not mean 20 January 2023. This new slippage on top of the previous slippage means that when we come back, even if the results are unequivocally in line, we will not get the full benefit of that and of the progress made by the PoG. Or not immediately anyway. In other words, we could have come back with a real bang, but we will probably be a slow burner. There has to be some accountability for this. | arlington chetwynd talbott | |
20/1/2023 07:58 | So much for " Further updates will be made as appropriate." If missing your self imposed target date doesn't deserve an RNS, I don't know what does. | lowtrawler | |
19/1/2023 19:51 | Whatever the communications failures between BDO and the SA auditor the GDP FO should have been on the case and harrying. Perhaps he was and was just ignored. Frankly I think BDO have bigger embarrassments than GDP. There is HOME for a start. Whatever the reason GDP will have scored another own goal tomorrow if the results aren't produced, whatever the wording said in the RNS about being 'on or around'. I am told it is purely an auditor issue, and the company is doing well. Given that the price of gold is presently over 33k rand it would be surprising if they weren't. | kimboy2 | |
19/1/2023 16:15 | camerongd53 GDP have quite complicated accounting arrangements for holding and processing customer product. So its a bit more complicated than a local sales branch. However, if all the required information was provided to the auditors, there is no reason for the year-end audit to take more than a month. BDO should already have performed interim audit work over the course of the year. It is a month since they announced the delay and so it sounds as though the audit had not commenced at the point of announcement. If the African auditors were not properly engaging with BDO, I would have expected BDO to fix the issue and possibly insert their own staff to get the job done. To be clear. What has happened is not normal. A delay of this length suggests something more than what has been said. | lowtrawler | |
19/1/2023 15:17 | lOW TRAWLER I agree completely. When I was working in practice a an audit senior, on our biggest client which was a ftse 100 size company, the systems were checked in Sept/Oct and thee balance sheet was verified in early January. I did the audit of a sales branch and my work was completed within one week of the year end. The monthly turnover of the branch absolutely dwarfed the annual turnover of GDP. Unless there are very, very good reasons, BDO should be given the pitchfork out the door treatment. At the AGM, questions should be asked of the GDP board and of BDO as to what went wrong and the responses will be interesting! GDP can generally give the quarterly update in just over a month of the quarter end. Therefore the audit of June accounts should be completed comfortly by the end of September and not 4 months beyond that. | camerongd53 | |
18/1/2023 22:05 | BDO are not exactly a small organisation. As an ex-auditor, I have never come across a situation where auditors failed to conduct their audit when provided with the material on time. I have operated in the industry for nearly 40 years and this is a first. | lowtrawler |
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