Goldplat Share Discussion Threads

[shill10] 20/2/2023 14:53

21p kimboy, at last a sensible valuation with the promise of more to come post TSF deal.

[lowtrawler] 20/2/2023 14:39

I have done a bit of research today into the electricity issues. It appears they are unlikely to be resolved soon and even the government propaganda is pointing towards 18 months before resolved. That looks optimistic and I will be assuming a further 3 years before anything close to a resolution.

I expect they will learn to optimise their operations around the power cuts but believe SA profitability will be at much lower levels over this period.

[itsyou] 20/2/2023 13:37

"Does anyone know if they operate 24/7 at Goldplat?"

Yes, as Werner mentions today in this interview

[kimboy2] 20/2/2023 13:15

WHI view;


Fair value 21p and will uprate once permission for the TSF pipe is through.





Does anyone know if they operate 24/7 at Goldplat?

[shill10] 20/2/2023 11:03

Spot on Shareholder as usual, sellers below 10 gonna look silly in a few weeks

[shareholder7] 20/2/2023 10:27

If you are a long term holder today is a great opportunity to add, which is what I have done.

[baht] 20/2/2023 10:07

Will we ever put the Platinum back into goldPLAT.

Coal and Uranium (U3O8),at first glance not the most ethical choices for expanding a business.

[shanklin] 20/2/2023 09:53

My IMC questions. Would rephrase the 2nd one but IMC does not seem to allow that...

Question 1:
What were the causes of the very significant delay to issuing the results for the year to 30-Jun-22? If BDO were part or all of the problem, why does the 2022 Annual Report suggest the plan is to re-appoint them?

Question 2:
Rather than ongoing, seemingly random, decisions to invest here, there and everywhere, why not focus the business on areas which give the best returns, and use surplus cash to pay a dividend. Alternatively, please, clearly define the strategy you are adopting, and explain how all these investments are 100% in line with this.

Question 3:
Please would you explain why, with significant cash on the balance sheet, we paid £656k in interest charges in FY22?

Question 4:
What are the target dates for issuing H1 and FY 2023 results? Is there any reason why FY results cannot be issued by 30-Oct-23, i.e. within 4 months of the end of the financial year.

[arlington chetwynd talbott] 20/2/2023 09:51

WH Ireland note out, FWIW.

[arlington chetwynd talbott] 20/2/2023 08:43

Agreed - as always on AIM - this sort of thing flushes out hot money but presents an opportunity for more patient investors.

[shanklin] 20/2/2023 08:40

Been as low as 8.2p to sell 100k. Currently up to 8.91p. Cannot get a quote to buy even 1k

[shill10] 20/2/2023 08:31

Electricity is clearly a negative, but something outside the company like that ,which should be temporary, shouldn't have a LT effect on the share price - sure there will be plenty of games played bye market makers to scare weak hands

[arlington chetwynd talbott] 20/2/2023 08:28

I think we all know how we are going to vote on that one.

[shill10] 20/2/2023 08:27

shanklin, that tells you all you need to know, blatant market makers stop hunt

[ih_692232] 20/2/2023 08:26

This has been an unnecessary shambles and it is reflected now in the share price
From 12.75 to 9 whereas if the results had been on time we may have at least held share price ground
the results are a mixed bag -lots of elements of losses and expenditures have gobbled up cash
No chance of a dividend
TSF still in the long grass
And are the auditors now going to be changed

[shill10] 20/2/2023 08:23

7 years low grade supply is a plus though

[shanklin] 20/2/2023 08:22

Big drop in the share price this morning, but I cannot even buy 1k online. Can sell at least 150k.

Edit: With HL

[shanklin] 20/2/2023 08:18

From the 2022 AR...

Auditor
BDO LLP was reappointed as auditors at annual general meeting
on 31 December 2021. BDO LLP has indicated its willingness
to continue in office and a resolution will be proposed at the
annual general meeting to reappoint BDO LLP as auditor for the
next financial year.
On behalf of the board

[shill10] 20/2/2023 08:17

So, we can forget about unsubstantiated disaster scenarios, it really was just BDO incompetence. Results not the best from SA, nothing new on TSF but guessing a lot of management time has been wasted on this. Hopefully Werner can now get back to the day job, I will buy a dip from here.

[lowtrawler] 20/2/2023 08:14

MF, they have £3m cash in hand and generated £1.5m over the year despite share buybacks and the high WIP. They have £1.5m capex planned for the rest of the year. A 1p dividend would cost £1.7m and looks affordable provided the electricity cuts don't worsen.

[arlington chetwynd talbott] 20/2/2023 08:09

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.

[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.