Goldplat Share Discussion Threads

[lowtrawler] 10/7/2023 16:13

alm2, I think you have to be careful when you say "pay dividend year on year - no matter how small". The size of dividend matters. There is no reason for them to introduce a token dividend. They have enough cash and profits for a meaningful dividend. Were they to introduce a dividend at a low level, it would likely be treated by the market as a further indication they are paying lip-service to shareholders and the share price could even fall to reflect a suitable dividend yield.

IMV, GDP are being run as a private company. Keep the staff and management happy. Reinvest all the profits into the business, or hold onto the cash - just in case. Invest in things that take your interest. Make decisions in your own time. Zero consideration to the actual owners.

[ih_692232] 10/7/2023 15:58

Michael and low - thank you for your responses - I agree that the major problem with goldplat is the incredible failure of the company to initiate a dividend policy - a firm commitment from the board to pay dividend year on year - no matter how small and of course subject to supporting profits
The board have given lip service to shareholder value - not delivered via shareholder price - and unsurprising with no dividend policy
I believe shareholders should pressure the company on this to bring about this change
Alm

[michaelfenton] 10/7/2023 14:23

Well said Lowtrawler - a Dividend is urgently required and the money is certainly there. As for coal and no further news that sounds typical GDP. Please guys stick to what you do best. I have written to the company BUT NO REPLY.

[lowtrawler] 10/7/2023 14:01

alm2, it's difficult to say with any certainty. GDP are already generating more than enough profit to justify a higher share price. With workarounds for the energy issues and Ghana now back to full steam, profit should improve further. Throw in likely positive news on the TSF, logic would dictate a higher share price.

The potential spanner in the works is whether the market believes those profits will be used to benefit shareholders. If that belief is not there, the share price will continue to languish.

[ih_692232] 10/7/2023 13:18

Let’s get the conversation going again ….so what are peoples thoughts as to the next 12 months of goldplat ??
Are we going to be languishing with an share price of 7 or is there confidence that it will lift back up to 12 plus …when they get the generators going /get paid for gold sales in Ghana and dare I ask …. Get the tailings project moving
Coal seems to have gone quiet !!!
Alm

[kimboy2] 06/7/2023 11:11

The 1944 D-Day I suspect was far more eventful. At least no one died during GDP's D-Day.

[michaelfenton] 29/6/2023 02:54

maybe Kimboy but remember this is GDP.

[kimboy2] 28/6/2023 19:18

2 days to the TSF D-Day so it might liven up.

Possibly.

[russman] 28/6/2023 06:30

TSF progress is sluggish.

[dinky00] 27/6/2023 16:20

Its amazing how quiet things have got here. Announcement says we're 1 month from TSF take off

[kimboy2] 27/6/2023 14:18

It was a lot worse than originally expected due to the 2019 Vale dam burst in Brazil. They have got it done though.

The next bit of news will hopefully be pipeline to the DRD facility.

[michaelfenton] 27/6/2023 14:11

Yes indeed tailings facility could have been much worse.

[arlington chetwynd talbott] 27/6/2023 13:47

That could have been worse!

[michaelfenton] 20/6/2023 17:12

Agree 100% Lowtrawler.

[lowtrawler] 20/6/2023 16:46

ACT, unfortunately, I don't have the confidence to say that. Until I see evidence of a change in management attitude, it is entirely possible they negotiate a bad deal on the TSF, invest all the proceeds into coal and go through the next 10 years without paying a dividend.

Their current business is a gem. It is making good profits, they are sitting on a massive asset that should make everyone rich and they have lots of cash. Given all these positives, the current share price is a sad indictment on the management.

[arlington chetwynd talbott] 20/6/2023 16:05

You certainly do not want to hold any company like this over an extended period, but do you not think that for the short term at least most of the skeletons are already out of the cupboard?

[lowtrawler] 20/6/2023 13:12

ACT, I lost faith in management and their intention to reward shareholders. I have seen nothing to alter this view. There have been too many strategic banana skins. Nothing I have suggested in post 10513 should be beyond the Board to address but until they do, I will not reinvest.

[shill10] 20/6/2023 12:53

£25k of buys move the share price up 9%, people forget how illiquid this share is.

[arlington chetwynd talbott] 20/6/2023 11:26

On AIM, by any quarter or month always means by the very last minute of that quarter or month, if you are lucky. I think you are holding them to an unrealistic standard. There is still time to get back in.

[lowtrawler] 19/6/2023 11:31

kimboy, my knowledge of GDP is paper thin compared to your understanding. I am hanging around here because I believe the underlying business and value proposition is compelling. My concerns all relate to management capability and strategy. If they begin to deliver against deadlines, indicate what they are doing to manage the issues, publish a plan which explains their strategic direction and introduce a dividend policy, I could be tempted back.

[kimboy2] 19/6/2023 11:13

I would have said the word 'by' meant before but it is quite possible that there are other interpretations.

To be fair I don't think that GDP are letting things drift.Just because we don't know what is going on doesn't mean nothing is going on.

It could. I just don't think it that is the situation.

[lowtrawler] 19/6/2023 09:38

MF, their failure to deliver self-provided deadlines and allow things to drift is one of the reasons I exited. We all know African authorities work to their own timelines but GDP don't appear to actively manage these deliveries. At the very least, you would expect a status RNS once the deadline passed.

I'm hoping kimboy's speculation is correct and they have the approval and working through a full announcement on the TSF. That should put a rocket under the share price

[michaelfenton] 19/6/2023 09:26

Well knowing GDP it could mean anything and I have by the end of June as reasonable seeing how poor they are with information and timekeeping. But heyho you could be right?

[lowtrawler] 19/6/2023 09:14

MF, semantics maybe but "by June" means before June. They would need to have said "by end June" to include June in the date possibilities.