Goldplat Share Discussion Threads

[shill10] 10/1/2024 13:59

1.4 million shares traded today so far, hopefully the seller here will be cleared soon

[ertugrul] 10/1/2024 10:05

My buy has just shown! Good to see price ticking up with it!

[gb904150] 10/1/2024 09:27

Not long until the IMC on 15th Jan 5:30pm.

I can foresee a lot of questions!

I think my main questions will be around diworsification.

Wanting to expand to Brazil (what....and rebuild a plant there?! At what cost?)

Then this desire to get into 'fine coal recovery technology'. Is that really going to be better than recovering gold? How so?

I find it strange that GDP is so intent on expanding into new geographies and new commodities when they barely have the current sites operating optimally.

Those pet projects seem to add complication (new jurisdictions, new commodities) that will just take up more management and administration time.

You could understand if they were operating at 100%, consistently and throwing off cash and desperately looking to expand....but they aren't.

It's not like they have a shortage of things to get on with. How about the massive JORC approved TSF that is on their doorstep? How many projects do they want?

[ertugrul] 10/1/2024 09:08

My buy has not shown yet by the way!

[ertugrul] 10/1/2024 08:59

Hello guys, hope everyone is fine, I had a small holding here and added a few more today. Hopefully things start to move soon!

[sea7] 31/12/2023 12:14

And to you kimboy!

[kimboy2] 31/12/2023 10:25

Happy New Year to all holders. This will be the year (again).

[kimboy2] 28/12/2023 19:26

Sea had the course of the pipeline in a recent report;



My rough and ready calculation is that it is 20km long and about 0.5km is due to the additional spur to GDP.

[chrisdgb] 28/12/2023 08:48

Think this is interesting but getting fixated with the pipeline cost.......?

[kimboy2] 28/12/2023 08:46

Anybody going to the AGM?

[dinky00] 22/12/2023 13:41

£10m mkt cap is simply embarrassing.At this point it would be a prudent use of company cash to buy shares. The board must feel the true value of the business is somewhere north of £25m-£30m, so at this level there is massive upside

[sea7] 22/12/2023 11:33

couple of small sales took out the bid - next market maker was sat at 5.7p and once the MM at 6p moved off and positioned lower after soaking up those small sales, that 5.7p MM was exposed as the next highest bid.

offer came down to 6p to bring the spread back to roughly where it was.

nothing company related

[arlington chetwynd talbott] 22/12/2023 11:27

What is the problem now, I wonder?

[ih_692232] 22/12/2023 11:03

Well done goldplat ending the year under 6
Real shareholder value has been delivered in 2023

Well at least it can’t get any worse in 2024 ….
Alm

[camerongd53] 20/12/2023 11:21

hannks LT
I appreciate the spot gold prrice
It can be good advance measure of major news stories as money is quicker into the markets than reporters can update theirnews webssites

[lowtrawler] 19/12/2023 22:33

camerongd53, the gold price chart comes from Kitco who are "experiencing a disruption due to a cyber security incident". They have taken most of their site down. Once the site comes back up, the gold price chart should function as normal.

[swiss paul] 19/12/2023 20:32

Hmmm and gold near at its highest and this price going nowhere -- tells you all you need to know

[camerongd53] 19/12/2023 20:22

I seem to havelost the Gold Price chart - can (I ge it back

[dinky00] 19/12/2023 13:36

WHI saw fair value above 18p at the start of November - what has changed?

[russman] 19/12/2023 06:29

Inventories

The increase of GBP8,086,000 in the inventory balance, relates mainly to an increase of GBP7,991,000 in inventory at GRG.


2023 2022
GBP GBP
--------------------------------------- ---------- ----------
Precious Metals on Hand and in Process 16,618,000 8,186,000

Cashflow being sucked into WIP.

[swiss paul] 18/12/2023 18:27

14.7 p,-,never - not while uncle Werner has his hand on the TILLer

[kimboy2] 18/12/2023 14:41

WHI

FY23 audited figures – Solid plans and consolidating year despite headwinds Goldplat is a precious metal producer from the by-products of mining and plant clean-up with plants in South Africa and Ghana. It today provides its final year figures for FY2023 (year ending June 2023). Eps is reported at 1.7p/sh (from 2.1p in FY2022). FY2023 was a successful year despite headwinds from electricity issues in South Africa, slow turnaround from smelters in Europe and a delay in the export licence in Ghana. Goldplat made the most of its flexibility and delivered a Group profit of £3.1m (£4.0m) with operating cash flow of £3.3m (£3.0m) and year end cash of £2.8m (£3.9m) despite capital expenditure of £1.9m. Going forward Goldplat has begun installation of a set of generators which will guarantee power in South Africa, has plans to grow its customer base in Africa and is finalising the purchase of land in Brazil to treat lower-grade wastes that are uneconomic to export. In South Africa there is also a plan to treat the old Tailings Storage Facility (TSF) once the new one is commissioned. Goldplat’s neighbour, DRD Gold, will treat the TSF once permitting for a pipeline has been received. The TSF contains a 2016 (JORC) resource of 1.4Mt grading 1.8g/t gold (82koz) with a further ~1Mt added since which (in our view) will add to the resource). We see fair value at 14.7p on the basis of an undemanding 3.5x EV/EBITDA multiplier for FY24E. We look forward to including the tailings retreatment project in our forecasts once technical, economic and commercial have been defined. Goldplat has a growing customer base delivering it parcels of waste produced as a by-product of mining. All of which contain recoverable metals, principally gold. Goldplat has a flexible plant capable of treating all sorts of types of waste. Goldplat produces 1.5-2.5koz/month of gold – depending on which material it treats, but revenues come from a mix of tolling and treatment of its own material and so is only partially leveraged to the gold price.

[shill10] 18/12/2023 13:21

hxxps://thundersaidenergy.com/downloads/pipelines-the-energy-economics/#:~:text=The%20largest%20cost%20in%20a,%2C%20to%20bottom%2Dup%20studies.

complete back of the envelope but interesting that the above website estimates rough pipeline costs at $1-2 mill per km. Goldplat is 20km from DRDGold plant so that's $1.5 mill x 20 = $30 mill total costs, of which Goldplat would pay less than half. We still don't know recovery rate of the likely c120k oz (given new tonnage figures for TSF) we have or other associated costs but at 50% recovery rate ( I know some have quoted evidence this could be higher via Uni studies but being conservative ) 60oz of Gold is currently valued at $121 million. And Goldplats market cap remain at £11 million....with a profitable recovery business thrown in.

[sea7] 18/12/2023 13:10

turning to those accounts, it is good to see the fundamental value there ..

current assets minus total liabilities is £6m.
there is £5.2m of property, plant and equipment in non current assets.

Just these two figures alone, exceed the current mcap by about £750k

[shill10] 18/12/2023 13:02

And I guess it means that Goldplat shareholders should effectively pay less than half the costs of the pipeline to their property, given how it's going to be used - we will find out in the spring how much this is per oz of Gold, that's the key metric.