Goldplat Share Discussion Threads

[lowtrawler] 28/3/2024 15:08

First resistance should be around 7.7p and so would expect the rise to pause for breath around that level over the next few days. Next resistance would be around 8.7p followed by 10p. Whether we move beyond 10p will depend on how well they communicate the TSF plans. If well communicated, we could easily blast past 10p.

[shill10] 28/3/2024 15:04

gdxj is up c25% from lows on 28th Feb, money finally flowing into the bigger names, it will take some time to find tiddlers like goldplat, but its coming.

[arlington chetwynd talbott] 28/3/2024 15:03

Wow, unexpected progress - assumed this one was resolutely ignoring the PoG. It has been going sideways for me for long enough.

[smackeraim] 28/3/2024 14:52

Gold is absolutely flying. Whiskers away from a new all time high earlier. GDX gold miners ETF is breaking out also. Decent barometer

[dinky00] 28/3/2024 14:48

Shows you how easy it is to move these, volume is nothing special

[sea7] 28/3/2024 14:44

sure is...17% up so far today - 10p is an undemanding target

[smackeraim] 28/3/2024 14:32

About time. 10p is even cheap

[ertugrul] 28/3/2024 14:21

Woow, what a sudden move!

[sea7] 28/3/2024 13:43

yep - finally on the move

[smackeraim] 28/3/2024 13:36

Some life. Blue. Gold smashed $2200

[swiss paul] 27/3/2024 19:33

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[dinky00] 26/3/2024 07:44

South American gold miner, Nilam Resources to buy 24,000 #Bitcoin ($1.7 billion).A diversification suggestion for Goldplat ?

[lowtrawler] 25/3/2024 11:32

kb2, from what I can see, Gravitas expect their machines to be installed at the source of the coal tailings. Presumably, the transport costs for anything else would be prohibitive. Consequently, you have to ask why anyone would hire GDP to run a machine on their own site rather than doing it themselves. After all, they will already have the coal customers and, if GDP can make a profit, the machine should pay for itself quickly.

GDP have no expertise in coal. No expertise in running on-site recovery operations. It is a new technology, as yet unproven in the real world. To my eye, it looks like another fruitless venture likely to eat up management time and end up delivering no financial return.

[kimboy2] 25/3/2024 11:19

ISTR it was Gravitas. Basically they have a machine that will go through coal tailings and pull out the useful coal. Unfortunately for Gravitas they don't have the cash to develop.

I seem to think the machine cost $1m, and is of course a repeatable trick. There are billions of tonnes of coal slag, which I presume could be bought for virtually nothing.

Seems a good deal to me, but of course we are waiting for the TSF to have the cash.

The announcement of the deal with DRD will be game changing as long as they announce the economics parameters as well.

[sea7] 25/3/2024 10:50

flagstaff, goldplats pr guys have published on another site, the following..

:We see fair value at 14.5p/sh on the basis of an undemanding 3.5x EV/EBITDA multiplier for FY25E. We look forward to including the tailings retreatment project in our forecasts once technical, economic and commercial inputs have been defined

[michaelfenton] 25/3/2024 10:43

Yes could have been worse. But somehow GDP always appear to have stepped on a banana skin. I am still invested in hope that we will eventually see a Dividend?

[shill10] 25/3/2024 10:36

agree, Smack. There are a lot of one off costs/losses/loans which have been holding GDP back. But Ned will be fully repaid by around September, generators will allow SA back to full operation, SA also over the losses on low concentration....all of this means a strong tailwind to earnings/free cashflow.

[smackeraim] 25/3/2024 10:12

Still decent set of half years numbers versus cap. And if that's the worst half year due to recent and well covered issues, then should be far better moving forward.

[shill10] 25/3/2024 10:09

thanks Sea, useful contribution as always, will take a look.

[sea7] 25/3/2024 10:01

whilst i haven't seen a direct reference to the name of the coal fines investment - my attention is drawn to Gravitas Minerals, based in benoni, that has a relatively new tech they have been working on and promoting for a few years.

[swiss paul] 25/3/2024 09:56

Pssst - anyone want to buy a genny? I alos refer to Shill10 statement

Have a load of recs

[lowtrawler] 25/3/2024 09:04

dinky00, I assume because they had lost their export licence In Ghana, they had to pay customers interest on the delayed proceeds. Together with the delay in revenue receipts, it left us with a cash gap and additional interest?

At the time, there was no embarrassment shown by GDP towards the Ghana license issue. No indication of the additional costs arising from it. No recognition it could damage our reputation with customers. Pretty similar to the year-end audit debacle.

[dinky00] 25/3/2024 08:55

Why did delayed sales in Ghana result in interest paid jumping by £750,000?I can't follow these comments:As a result of the 82% increase in revenue, the amount pre-financed during the 6-month period increased significantly. This together with a circa 3% increase in interest rates to circa 11% (an effective 38% increase), resulted in a significant increase in interest paid which amounted to £827,000 (H1 2022: £75,504).The foreign exchange loss of £456,000, an increase of £334,000 from H1 2022, was mainly due to the Ghana Cedi weakening by 5% against the United States Dollar between July and December 2023.Net interest paid of £888,000 (H1 2022: £202,000) includes £69,300 (H1 2022: £116,000) interest paid to Nedbank on the repayment of the loan incurred to repurchase minority shares in South Africa. As at the end of December 2023, the outstanding value of the loan with Nedbank was £767,000.