Goldplat Share Discussion Threads

[arlington chetwynd talbott] 08/9/2023 18:39

If they would pick one meaningful topic to update us on in each month that did not contain a regular update, we would quickly feel much better informed and much more appreciated.alm2 - I am still coming to terms with the move into coal - not sure how they can justify golf. A machine for recovering lost golf balls?

[ih_692232] 08/9/2023 18:08

Lows last two posts exactly sum what I feel about goldplat and what I would like to see happen

All shareholders would benefit if this were put into effect
I am not against buybacks I would prefer dividends but either would represent some return to shareholder value
I think the share value would increase dramatically if dividend policy were introduced
African golf investments are risky enough- but with no prospect of dividends why take a risk
The more the the greater should be the return
Alm

[kimboy2] 08/9/2023 11:54

On the coal thing I do not know anything as I have not been told. However IIRC when I had a look at it I think that what they are being asked to do is invest in a machine that will recover coal from spoil heaps. Much the same as the gold recovery.

I suspect coal spoil heaps can be bought pretty cheaply.

It is a while since I looked at it but I thnk the machine was going to cost about £1-1.5m. Maybe they would buy the rights to the machine/process or maybe it would be a profit share.

ISTM that if;
1. The price of the gizmo is known and fixed
2. The raw material can be guranteed
3. The amount of coal produced from the process is known
4. The price of coal is relatively stable
5. There is a good demand for the coal in South Africa.

then that may be a good deal. The only question is what ROI is acceptable.

[lowtrawler] 08/9/2023 11:29

shareholder7, GDP is making sufficient attributable profits to already be worth double the current share price The price has been falling because GDP show no sign of returning profits to shareholders or even considering shareholders in their decision process. There can be no confidence the exceptional profits made from the TSF will ever be returned to shareholders.

Everyone has been expecting Martin to ensure this changes but there has been little sign of progress and hence the share price fall.

[spagboll] 08/9/2023 11:21

I have been in this a while as well, I also got a dividend in the past - the mark of a long termer! I don't totally agree with all that is said on here, but appreciate all views of what tends to be constructive conversation. I would support us getting more information on things. That coal project is a concern for me, I invested in this company as a gold play and have no wish to get in to coal - unless of course the business case is compelling.
My holding is not huge at 465k but if it gets me entry to get more info count me in.

[lowtrawler] 08/9/2023 11:21

alm2, even your short list of sensible requirements may not get full support from a wide shareholder group / Martin.

Many on this Board favour buybacks over dividends. Martin will already be well-informed from his position on the Board. Transparent and communicative are not sufficiently specific to be actionable.

What I think is needed are:

1. A written Dividend / share buy back policy committing the company to returning x% of attributable profits to shareholders over, say, a 5 year cycle.
2. A published 5 year-plan with a commitment that any strategic changes will be put to a vote and supported by a business case.
3. Regular updates on progress against plan.

[shareholder7] 08/9/2023 11:19

Can you name another share that would realistically double in the next yearI am switch from other investments ( at a loss I might mention) as I can see there is more change in GDP to double than any other I hold or have held Unless there is a big banana skin that no one can see coming

[ih_692232] 08/9/2023 10:32

Low
As ever a sensible approach but how much Martin would “discuss”; is in issue
What I want is the company to be far more transparent and communicative with its shareholders
And to act in such a way as to prioritise rewarding shareholders with dividends
Alm

[lowtrawler] 08/9/2023 10:24

No point turning on each other. What the discussion indicates is how difficult it will be to create a consensus view within a wide shareholder group as to what is wanted from the Board.

The reality is, most AGM's are lucky to get 70% of shares voted. With Martin holding nearly 30%, it will be difficult for anything to pass without his support. That's not a controversial thing to say, it is just a fact. I am encouraged by the view from kimboy2 that:

"His agenda is to make as much money as possible. If he had wanted to buy GDP he has had plenty of opportunity to do so. He has 48 million shares which probably cost him around £2m. IMV the 'agenda' is to sort the TSF and the dividend from that will more than pay off his investment. Then I suspect he will sell the company. It would make a nice little niche for a few larger companies I imagine."

If true, Martin will be in a position to ensure shareholders start to get a better deal. I genuinely believe the shareholder representative on the Board should be willing to hold discussions with other shareholders in order to provide direction to the Board on what the owners want. I suggest approaching GDP with a request to arrange these meetings would be the best way forward.

[kimboy2] 08/9/2023 10:23

I have no problem with negative posts.

If by pet projects you mean Kili, which has been the main drain of cash, then it was clearly signposted. They had a fundraining, their only one, to raise cash to buy mining assets.

The name of the game was to make money by recovering gold from waste and invest it in gold mining.

It didn't work.

Martin Ooi got rid of Kili by saying he wouldn't back further investment in it, IMV.

Shareholder value is a nebulous concept when it comes to assessing whther a potential project will add to it. I don't think that the board can be said to have enriched themselves at the expense of shareholders. If the share price gets to 30p then those with options will do well, but I don't imagine anyone here now will be complaining about that, if it happens.

[ih_692232] 08/9/2023 09:36

So yogi
You are delighted with the performance of the board in delivering a return on investment -I don’t say that everything the company / board has done is wrong - but there is the wrong focus overall
It is not on shareholders
I have been a shareholder in goldplat for a very long time - I invested over 250k in the company average share price is 10p
In all that time I have had one dividend of 10k - doubt you were a shareholder when that was paid out
So my view is that the board are focused on themselves and what they view as their business - they communicate little they explain little -have we ever had an explanation for the audit fiasco just for example??
It has been a terrible investment on my part but if the board had focused on shareholder value rather than pet projects /a concerted effort not to waste shareholders money there would have been a return to investors annually and in my view a share price circa 20p
The TSF has kept me in the share but it is still jam tomorrow and that tomorrow may be a long time off
Amarin is the company to which I refer

So yogi tell me why I should be so compliant and happy with the board ??
Alm

[yorgi] 08/9/2023 09:18

Alm2

What’s the name of the other company that you hold shares in where the whole board were recently voted out ?

Also a little odd that since you registered on ADVFN in Nov 2018 you have made 60 posts all on GDP, no other company at all and from what I can see all have some criticism of the BOD.

[goldfund] 07/9/2023 11:59

I'm inn with 2,45M

[ih_692232] 07/9/2023 10:29

I have another share investment where the whole board were recently voted out and replaced
I don’t get why shareholders feel they can’t exert influence - they own the company -a large grouping can exert influence - everyone seems to suggest martin oii can influence and indeed decide this companies future - but what about the over 100 million shares ? No influence
Get a big enough grouping together with common purpose ….
Or do you just let the board do whatever they want
Much talk of TSF but what is going to happen with the profits ???
The way people consider they are impotent and futile the board can spend it on anything it likes
Cash in bank will not reflect share price unless there is a distribution to shareholders including via buybacks
Where have all the profits of the past ten years gone ?
A reasonable expectation of shareholders is to benefit from s shareholding through dividends and increased share value if a company is consistently profitable
The number of shareholders is few - there is no liquidity in this stock because it has no attraction - absent dividend policy and increasing shareholder value
The board has successfully decreased the share price by 50 per cent in less than 12 months
So we are happy shareholders that they are doing a great job ??
They communicate virtually nothing to shareholders and the market
For example can someone explain to me the full detail of their coal plan ???
Alm

[shill10] 07/9/2023 10:13

As usual I’m with Shareholder Yorgi and Kimboy- futile waste of time , people who invest in Africa need to accept that brings a whole host of delays, bureaucracy and corruption, there is clear light at the end of the tunnel, use this as an opportunity to buy more.

[yorgi] 07/9/2023 09:40

Agreed Shareholder a great time to buy 😊

[shareholder7] 07/9/2023 09:36

To be fair Martin is an insider and he can't tell us what his intensions are. All I know is this is a great buy at these prices and I have topped up today.You can rest assured he must be doing the best he can for himself which is good for all of us. Things are not great at the moment with the power cuts but I am hanging in here for the TSF.Keep calm is my advice we are literally sitting on a gold mine.

[yorgi] 07/9/2023 09:32

Alm it will achieve zilch. You are wasting your time.

I’m sure they will have a round filing receptacle in the office for it.

[yorgi] 07/9/2023 09:30

Martin Ooi’s interest are aligned with shareholders. What’s quite clear in my view GDP has been oversold and therefore presents a good opportunity to build one’s shareholding in my opinion.

Value will eventually be reflected in the share price

[ih_692232] 07/9/2023 09:28

Bedscu
6million shares plus yours -how many ?
If we can get a group of shareholders working as one with a big chunk of shareholding then we can exert influence
So anyone else on board?
Alm

[bedacau] 07/9/2023 08:57

Lowtrawler and Kimboy, entirely accept and recognise the logic of the points made but as is always the case it’s the lack of visibility, clarity and specifics of GDPs strategy that’s the cause of concern. The fact is we do not KNOW what Martins intentions are - we can simply hypothesise and whilst it is likely his interests are similar and overlap, the rest of us don’t have pockets deep enough to bring about a cheap takeover - he may or may not, so the request for clarity needs to be made and for it to be heard, it has to have some weight behind it. If that wasn’t necessary to get GDP’s attention, then we’d already have the information we seek. But as has been alluded to many many times on this thread - their interest in us is minimal if in existence at all

[kimboy2] 07/9/2023 07:05

I do not really understand this Martin Ooi stuff. His agenda is to make as much money as possible. If he had wanted to buy GDP he has had plenty of opportunity to do so.

He has 48 million shares which probably cost him around £2m.

IMV the 'agenda' is to sort the TSF and the dividend from that will more than pay off his investment.

Then I suspect he will sell the company. It would make a nice little niche for a few larger companies I imagine.

I suspect that is the way to maximise value. All the rest is just noise.

[pog1234] 07/9/2023 06:15

Count me in, I have 2.1M shares