Goldplat Share Discussion Threads

[michaelfenton] 20/2/2023 07:52

Production numbers well down in SA due to electricity supply problems. There goes the dividend?

[arlington chetwynd talbott] 20/2/2023 07:29

The news about electricity cuts makes this a bit of a mixed bag, but greatly relieved that nothing else has emerged from the woodwork and that the suspension has now been lifted.

[russman] 20/2/2023 07:20

The WIP also doubled to £8mn STG. Bodes well for this year profit but is absorbing free cashflow.

[arlington chetwynd talbott] 19/2/2023 17:10

Agreed. Not assuming that we are out of the woods yet. Even if we are, we need a cast iron guarantee that this will not be allowed to happen again.

[michaelfenton] 19/2/2023 13:47

Who knows this has been a total shambles.

[pog1234] 19/2/2023 13:37

One day to go!

[shill10] 17/2/2023 13:52

so another delay rns monday I guess, hope Werner is going to sue these BDO clowns

[russman] 17/2/2023 08:27

Manic Monday.

[shill10] 16/2/2023 12:03

agreed Kimboy

[arlington chetwynd talbott] 16/2/2023 00:00

RNS this week or is this going right down to the wire?

[wigwammer] 15/2/2023 09:09

Oh how will we ever sell our shares... I just can't imagine.

[russman] 15/2/2023 06:51

& shares still suspended..........

[shill10] 14/2/2023 12:25

no problem Cam

[camerongd53] 14/2/2023 08:56

shill
APologies

I meant 7 months from the end of tthe companies financial year end

[wigwammer] 14/2/2023 05:55

"Gold panning with Dan" said russman at under 2p... now 10p+... reputation in banana tatters lol

[russman] 14/2/2023 04:32

Chairman did not last long.

[kimboy2] 13/2/2023 15:30

Baht

My interpretation of the GKG situation is I understand the correct one.

[lowtrawler] 13/2/2023 14:18

baht, the links are not working again. They were when I posted. Very strange given they are past events. There should be no reason to touch them on the website.

[shill10] 13/2/2023 14:13

cam , the accounts are not "7 months late " - they are about 7 weeks late.

[baht] 13/2/2023 14:11

Thanks Camerongd53

[camerongd53] 13/2/2023 14:05

BAHT

We are in exceptional circumstances where acounts are now 7 months late so I suggest there should be no general form for what information is being provided to shareholders.

AS the directors have been emphatic that the annual report will be in line with expectations, I would suggest that as it could not be construed as misleading the market, there should be no issue. When the results are eventuality out, clarification, updates etc could clear up anything that could be considered misleading to the martket , prior to the listing being reinstated.
I consider in these exceptional circumstances, reasonable communication should be considered best practice.

An issue may arise if there is a major difference between market expectations and final audited accounts

[baht] 13/2/2023 13:39

Camerongd53 as a retired FCA can you confirm if, in accounting circles, it is regarded as bad form to release a quarterly update when the previous years full accounts should have been confirmed but as yet have not. Presumably you cant say production is up 10% compared with the same quarter last year if there is a question mark over last years numbers etc.

Kimboy2 I hope your interpretation of GKG remaining on the board is the correct one. However it could just as easily be a PR exercise to lessen the re-action when the true problem is confirmed, suggesting there is a bigger problem than just a BDO error and if the market reacts worse than expected, GKG could be asked to step down or be sacked if further action needs to be seen to be taken.

Lowtrawler thanks for the update on documents. Unfortunately I have tried again today via Google & MSN to access them and both are responding
"Not Found
The requested URL was not found on this server.
Additionally, a 404 Not Found error was encountered while trying to use an ErrorDocument to handle the request. "

It could I suppose be something to do with my computer settings but I am not that familiar with the controls.

Baht

[camerongd53] 13/2/2023 13:28

Shill
I was thinking of Q2 to Dec 22 not the outstanding annual accouns

[kimboy2] 13/2/2023 12:47

I believe that Gerard has stepped back because of the time commitments over at GCAT. The fact he is still on the board, and the warm remarks from Werner, would suggest nothing untoward.

They have said that the numbers are in line and there was no update to that assessment today. IMV they would have said something if there was something to say.

The finger is still very much pointed at BDO. I suspect that BDO are throwing down a smoke trail of wanting clarifications on minor issues which has delayed things.

IMV the Q2/23 update is more important than the 2022 AR. I am actually looking forward to them as I think that they will make interesting reading.