Goldplat Share Discussion Threads

[arlington chetwynd talbott] 23/2/2023 11:38

I had thought there would be a little more excitement on here this morning, but I guess that GDP had already found its own level.

What was everyone else’s understanding of their position on further buybacks?

[arlington chetwynd talbott] 23/2/2023 11:04

Quite reassuring, at least from the point of view of this LTH. In other words, a modicum of patience should be rewarded.

[arlington chetwynd talbott] 23/2/2023 10:47

Anyone else on here listening to IMC?

[kimboy2] 22/2/2023 21:19

They cannot give any committed dates for the TSF because they don't know. It was meant to be last November, but it is up to the powers that be.

As for the level of electricity disruption there was this tonight;



De Ruyter’s resignation comes on the back of an explosive television interview on Tuesday evening with broadcaster, ENCA, in which he said available evidence showed that the governing ANC saw Eskom as an “eating trough.”

[shill10] 22/2/2023 18:00

if you feel so strongly why not ask those questions at the investor presentation rather than here ?

[lowtrawler] 22/2/2023 17:04

They need to issue revised guidance for the year with some comments as to what level of electricity disruption the update is based on.

They already seem to be stepping back from any committed date on the TSF as their comments are around how the timeline is only loose and of low confidence. They need to publish a proper plan and then deliver to it.

They need to explain what happened with the annual accounts and how it will never happen again.

The annual report does an incredibly bad job explaining the key financial drivers and reasons for movement. They need to get better at explaining the business and how this translates into the numbers.

[arlington chetwynd talbott] 22/2/2023 12:58

Agreed, a no brainer for anyone with even an ounce of patience.

[arlington chetwynd talbott] 22/2/2023 12:57

Seems like a positive development for us, in theory anyway. May be a while before we feel the benefit though.

[itsyou] 22/2/2023 12:37

From todays SA 2023 Budget


Eskom debt relief

Eskom is struggling with a debt burden of around R400 billion, and massive debt repayments mean it can't afford to buy diesel for emergency power generation, or make urgent investments in the electricity grid, and is constrained in doing maintenance and other crucial work.

Government will take now on R254 billion of Eskom's R400 billion debt over the next three years. Some R184 billion will be paid directly to Eskom over the next three years, to settle loans. In 2025/26, government will take over R70 billion of Eskom's loans.

.....

Tax incentives for solar and other green energy

Businesses will now be able to deduct 125% of the cost of wind, solar, hydropower and biomass projects in the first year – with no limits on how much can be claimed, nor how big the project is.

For example, a renewable energy investment of R1 billion would qualify for a deduction of R1.25 billion from taxable income. This applies to all new projects between 1 March 2023 and 28 February 2025.

[shill10] 22/2/2023 12:05

a good Q for Werner tonight......a delay in Africa is always possible, but with an earnings yield of 20% I'm paid handsomely to wait. Rather than the start date we should know the recovery rate from the tailings , which should be closer to 60% as previously discussed, ie c60,000 oz or c £90 million gross revenue.

[arlington chetwynd talbott] 22/2/2023 11:39

Is some delay not just as likely as approval by that date? Does seem to be the way these things so often go. Not sure the market will give us much credit until approval is actually in the bag. Obviously game on with a vengeance at that point though.

[shill10] 22/2/2023 11:25

remember TSF is worth at least double the market cap on any reasonable extraction basis - this is likely approved by June 2023, which is now only 4 months away, hence the markets will start to look at it, currently nothing price in on a p/e of 5 for the recovery business. If Gold in rand rises further, it becomes rapidly worth more, so optionality also.

[arlington chetwynd talbott] 22/2/2023 11:19

What Lowtrawler said made sense to me, so not sure where this sudden move has come from. Has it been tipped somewhere, perhaps?

[shill10] 22/2/2023 11:10

bought more today, Gold was $1801 when we were suspended, even lower in rand, hopefully we get some more meat on the bone re TSF in presentation tonight.

[arlington chetwynd talbott] 22/2/2023 11:09

Fair comment - further buybacks at this level would be most welcome - hopefully someone will ask about buybacks at IMC tomorrow morning.

[lowtrawler] 21/2/2023 11:18

The market seems content with applying a PE Ratio of around 5 to GDP. Our diluted EPS was 2.05p last year and will likely reduce this year due to the electricity problems in SA. Hence, sub 10p may not be a glitch.

I did notice the restated commitment in the annual report to return all proceeds from Caracal to shareholders and so we can probably look forward to further share buybacks. That will clearly help our EPS.

[kimboy2] 20/2/2023 18:33

It is the PR company so they will only ask what he wants to answer.

You will get your chance to ask some questions this week at the investor presentation.

[baht] 20/2/2023 17:02

itsyou thanks for posting link to Flagstaff TV.

Who do you think wrote the questions for this interview!

I don't think it was the interviewer. No questions about the board changes. No questions about the delayed year end figures. No questions about sacking the auditors if that's where the problem lies. No questions about compensation from the auditors if they were to blame for us being out of the market for so long. If there is any compensation will the board use it to further buy back shares thus in a small part compensating the shareholders.

Good to see the price tick up today. Can only wonder where we might have been without the suspension.

[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.