Goldplat Share Discussion Threads

[ertugrul] 10/4/2024 12:36

Very good support at this level

[lowtrawler] 10/4/2024 09:07

shill10, no company is perfect and we need to weigh up the positives and negatives when deciding to invest. GDP have expertise and skills in their core business which is likely to provide sustained profitability of around 2p per share. Maintaining and nurturing this mature core business should be possible for even poor management. So long as they recognise this is their core business and are not distracted by diversification.

The management show themselves to be wanting every time they try and deliver something different: kili, generators, diversification, minority interest buy-out, TSF. They tend to deliver something which is less than perfect. Whether that is an unprofitable mining operation, delays to the generators, poorly thought through diversification, overpayment on the MI buy-out or stumbling across additional licenses for the TSF.

Currently, there are only 2 priorities for shareholders: securing the core business, and; monetising the TSF. I am relatively confident on the first and believe they will get there with the TSF although I don't know when or how optimal their financial negotiation will be. This is enough for me to invest despite my views on the management.

[shill10] 10/4/2024 08:41

Lowtrawler, people who trumpet their own "careers" on bulletin boards for microcaps while criticising CEO's, saying that they know better come across as frustrated Middle Managers who never had any influence in their careers. Are you a School Governor and Parish Councillor too ?

[shill10] 10/4/2024 08:26

then don't buy the shares - if you do this, then this is the management that will run the company, it really isn't complicated.

[michaelfenton] 09/4/2024 18:00

Agreed Lowtrawler. He is a banana merchant.

[lowtrawler] 09/4/2024 16:16

kimboy, from what was being discussed over the past week, the current management were seriously considering further investment to kili and only avoided doing so because the major shareholders said they wouldn't support it. That concerns me.

I have worked alongside CEO's for the past 30 years and very few have been impressive. Even so, Werner is one of the least impressive I have come across. He did a better job in yesterday's presentation than I have seen from him before but I think he is poor.

[kimboy2] 09/4/2024 15:58

Do you have shares in that managements judgement?

[lowtrawler] 09/4/2024 13:23

shill10, you are talking about a company management that thought it would be good for Goldplat to become a junior gold-miner....

[shill10] 09/4/2024 12:46

if only we had a bloke from a bulletin board running the company instead of Werner...

[michaelfenton] 09/4/2024 12:43

Kimboy -Coal seems to be outside their area of expertise. Also Coal is a dirty word. It is just my opinion and will mean extra staff and new expertise. I need persuading and so far i am not.

[lowtrawler] 09/4/2024 11:54

kimboy, I'll let MF answer for himself but from my perspective:

1. The technology appears to need installed on site and so we would need to open operations at each coal mine.
2. We have no expertise in the coal industry - a lack of customers and knowledge.
3. Any coal mine able to benefit from the technology will be better placed to install and run it for themselves given their customer contacts, existing staff and industry expertise.

In short, it has none of the criteria you would expect to give Goldplat a profitable market. I can understand the technology, if it works, will be of interest to coal miners but why would those miners access the technology through GDP as an operator rather than operating it themselves? I suspect there might be an interest in having Goldplat do this for a few installations until it is confirmed to work. The risk would be on Goldplat and once proven, the industry would likely kick Goldplat out and carry on without them.

[kimboy2] 09/4/2024 11:23

Coal does not seem to be a wise move to me?

Why?

[1ups1de] 09/4/2024 11:16

Thx for sharing. Can you please help me better understand the realistic TSF benefits ? More specifically, who are DRD & what needs to happen there. Many thanks.

[shill10] 09/4/2024 10:59

yep- easy to forget TSF was worth doing at $1800, at $2350 the numbers are going to shock people.

[dangersimpson2] 09/4/2024 09:26

on recovery versus speed of execution - I'm not a metallurgy expert, but I think it is to do with optimising processes. e.g. how much reagent and times in each circuit, etc., basically lots of levers they can tweak. For many byproducts, Goldplat already know the settings; this, in many ways, is their competitive advantage; no one wants to buy the same equipment and spend the time tweaking it all to get the optimal recovery vs time and cost. So they get most of the mine waste and get to make their margin on it.

For the TSF, given the mix of everything that has gone in plus the variable oxidation time, they don't know the best settings. They could spend time doing some kind of Design of Experiments to determine these, but the reality is that at current gold prices, they are better off sacrificing some of the recovery to get the gold out faster. Selling at $2300/oz vs $1900/oz more than makes up for that, plus there is the time cost of money. The WACC here must be 20%+, so getting it going a year earlier is actually a significant benefit to shareholders.

[shill10] 09/4/2024 09:16

agreed dangers and kimboy, all very encouraging. The only thing I would add was that Werner did say the he hoped to update the market re TSF deal "in the near term".

[michaelfenton] 09/4/2024 09:15

Coal does not seem to be a wise move to me?

[lowtrawler] 09/4/2024 08:57

Suggest you follow Avi Gilburt for good advice on where pog is heading. They have a great track record and were predicting the current rally last year. Their comments:

"I am looking for gold to rally to the $2,428 region as my next big target over the coming several years. Yet, if we see very strong extensions, it could even take us to the $2,700 region. However, once that rally completes, we will likely see another multi-year correction take hold in the gold market, which will ultimately set up the next major rally a decade or so from now."

[smackeraim] 09/4/2024 08:43

Gold, another new high

[dinky00] 08/4/2024 23:56

Thought it was a very positive meeting. They really banged the drum about returning cash to Shareholders, and emphasised interest bearing debt will be paid off by October.This is such an excellent time for new shareholders to get onboard.Feeling very upbeat on the back of that.

[kimboy2] 08/4/2024 23:33

Thanks DS. I am afraid I missed it as other things on.

How does speed of execution reduce gold recovery?

[lowtrawler] 08/4/2024 23:04

ds2,

Good summary. It's their first presentation I have come away from feeling comfortable they are on track. The TSF clearly has the focus needed. They are looking at a shareholder return policy and there were strong hints the returns will start next year. They were also suitably cautious about not just jumping into coal. Overall, I'm much happier they understand shareholder concerns and intend to do something about it.

Link to presentation: