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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Goldplat Plc | LSE:GDP | London | Ordinary Share | GB00B0HCWM45 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 6.20 | 6.00 | 6.40 | 6.20 | 6.20 | 6.20 | 25,938 | 07:41:02 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Gold Ores | 41.88M | 2.8M | 0.0167 | 3.71 | 10.4M |
Date | Subject | Author | Discuss |
---|---|---|---|
09/5/2024 18:59 | Well, as far as this conspiracy theorist is concerned, I wouldn't count 850k shares traded in a day as a flurry of activity. There are a couple of things which I believe are indisputable fact. 1. Martin Ooi has 29% of the company, and effective control 2. The only way that he will be able to dispose of this shareholding in reasonable time, without collapsing the market, would be a bid. Admittedly the second has a tad of opinion in it, but if this is MO's exit strategy the only issue is when. My view is just before the contract is signed with DRD is optimal. Possible if not probable. | ![]() kimboy2 | |
09/5/2024 09:10 | The flurry of activity yesterday (relatively speaking for GDP) suggested people were expecting the results today. The conspiracy theorists might start adding 2+2 to make 3...delayed results announcement; no options announcement; no update on installation of generators.... | ![]() lowtrawler | |
09/5/2024 08:44 | Q3 results were released on May 5 in 2022 and May 6 in 2023. Bit annoying that the Q3 results still haven't been released | ![]() dinky00 | |
08/5/2024 16:53 | Yesterday's improvement has reversed. I assume there is a lot of positioning in preparation for the trading update announcement. I tend to believe the market knows what is in the announcement a few hours before it is published and so suspect we will get the update tomorrow and it will be pretty much in line with market expectations. | ![]() lowtrawler | |
07/5/2024 20:58 | Takeover at 20p would be good | ![]() ertugrul | |
07/5/2024 18:40 | The pattern of options has tended to be set at the current price fora few years into the future. The problem is that GDP is always potentially pregnant with news that may make the option price a false price. On the other hand perhaps the lawyers are away on holiday. Who knows? | ![]() kimboy2 | |
07/5/2024 14:59 | MF, it would be rare for takeover speculation to actually materialise so soon after the discussion and so I wouldn't jump to conclusions on the Options not being published. If a bid is to happen, it will do so in it's own time. The whole market seems to be buoyant at the moment and so my guess is we are just rising with it. | ![]() lowtrawler | |
07/5/2024 13:10 | Yes no new options would mean something? | ![]() michaelfenton | |
07/5/2024 12:46 | Up 5% and no comment? About a month ago they said that the options would be announced shortly for the 2 new directors, andthey haven't been. Also the generators were meant to be commissioned at the end of April. Perhaps they have been and no further comment necessary. Anyway I expect all will be revealed in the 3rd quarter statement which I was expecting today. | ![]() kimboy2 | |
03/5/2024 23:03 | Thanks Kimboy, lots to think about. I was thinking he would probably be very happy with a 3x return on his investment which would pitch a price somewhere between 15p and 20p. The obvious time to sell is before processing the TSF or he would have to remain invested for another c.5 years. DRD would be the obvious purchaser. At 20p, it would cost them less than £34m and profits from the TSF would likely cover most of that amount with £3m+ of ongoing attributable profit from the core business making it a bit of a no-brainer. We know that commercial terms with DRD for the TSF are close to being finalised. Perhaps a bid is closer than we think. | ![]() lowtrawler | |
03/5/2024 22:08 | Well, the first thing is whether DRD would want GDP. DRD are used to buying up heaps of tailings. In this case they would be buying a heap with a profitable niche company attached. What is more they could buy it with GDP's share of the profit of a theoretical contract, Seems a no brainer to me. If a bid is to be made then Martin Ooi is key. Unless they get him on board DRD cannot make the bid unconditionalas as they need 90% of the shares. They won't be able to delist or mop up the rest of the shares. One or two reasons why I think a bid is better than a 50/50. Firstly DRD is the one in control of the TSF. They can string it out,or duck out or whatever and GDP don't have many alternative routes to monetise the heap. At least not as profitably. If DRD really wanted GDP they could play dirty and GDP shares may be marooned in much the same place as they are now, or less. Martin Ooi will be aware of this,plus the virtual impossibility of getting rid of such a large holding on the open market. He certainly won't want his money marooned for potentially years in such a risky environment as South Africa. The alternative for him is to develop the TSF and pay it out as a dividend. I believe the Aussie tax rate on the CGT of a sale would be half of the income tax on a dividend. I have no doubt that GDP will, in theory, be worth more if they develop the TSF, but cash in hand comes at a premium. I suspect MO is expecting 20p, but would take 17p. he is at an average cost of 5-6p (?). One thing that is never considered is what are MO's personal circumstances. He has a medical practice in Australia. Is he indebted? Would the cash be better deployed in his medical practice? The opportunity cost of the cash to MO may well be the deciding factor,if a bid emerges. | ![]() kimboy2 | |
03/5/2024 17:23 | Kimboy, regarding your views on a bid: "If there is to be a bid then it will come before a contractual agreement is announced, IMV. They could of course announce a bid without Martin Ooi's agreeing to sell, but I don't think they will. It would get very messy and the bid couldn't go unconditional." I tend to agree with this. In fact, I think it highly unlikely any bid would be announced unless Martin was signed up to it. With the contractual agreements due to be in place shortly, what do you think are the chances a bid will be announced in the next few weeks? What price do you think Martin would accept? IMV, Martin will need a bid to divest his holding. If a bid is most likely to be made prior to announcement of the contractual agreement then there must be a reasonable chance a bid will be made in the next few weeks. I suspect Martin will want more than 15p but I'm unsure how low he would actually go. Would he sell under 20p? | ![]() lowtrawler | |
29/4/2024 13:36 | 200k available at 8.05p currently if anyone looking to top up. | ![]() shill10 | |
26/4/2024 19:34 | good interview with Niel Pretorious of DRD from feb this year, he talks of.. getting 1 tonne every 5 seconds through their pipelines and aim to make 150 to 180 rand, per site, every 5 seconds. | ![]() sea7 | |
26/4/2024 18:56 | for me the JORC is almost irrelevant ,we know the tonnage, they will have a very good idea of the total gold contained and grades just from a few samples. The deal with DRD is everything, ditto the recovery %, then we can see the financial implications with some certainty. | ![]() shill10 | |
26/4/2024 17:50 | Well they haven't started a new JORC so I would have thought that would be at least 6 months. I am not sure a new JORC will be a catalyst of anything, the last one didn't do much. It needs action. There are various things that could be a step in that direction. 1. Sorting out all permissions and ready to go on construction 2. Contract agreement with DRD 3. Trucking operation as a stop gap while permission/construct 4. A bid. There was a suggestion, perhaps inference is the word, as to a trucking operation. I can't remember what he said but I thought trucking was the only conclusion if not explicitly mentiond. There has also been the suggestion, and I think this was stated, that they will soon reach an agreement with DRD. As soon as that happens I would have thought they will produce all the metrics, other than the total tonnage which will require a JORC. If we know the recovery precentage, the processing cost/DRD's take and the capital cost then we can figure it out for ourselves. If there is to be a bid then it will come before a contractual agreement is announced, IMV. They could of course announce a bid without Martin Ooi's agreeing to sell, but I don't think they will. It would get very messy and the bid couldn't go unconditional. The next event will be the Q3 results which should be in the next couple of weeks. | ![]() kimboy2 | |
26/4/2024 15:41 | dinky00, if Kimboy is correct and the JORC update will be at least 6 months away, I doubt that will be the next driver. | ![]() lowtrawler | |
26/4/2024 15:19 | Easy to argue that the price will go up in big jumps once buying kicks in. Suspect we need the JORC estimate revision as the next catalyst | ![]() dinky00 | |
26/4/2024 15:08 | The spread remains horrendous: Real spread at the moment is 7.81 - 8.175 for a 10,000 trade. The sharp price movements continue to be based on low volumes. Until volume improves and the spread narrows, I doubt we will see price stability. IMV and for the time-being, it means we are unlikely to make a sustainable increase on the current price. | ![]() lowtrawler | |
26/4/2024 14:52 | Chart shaping up nicely, ready to jump up | ![]() ertugrul | |
19/4/2024 08:41 | If there is little or no requirement for the generators (6% loss of production days) then the generators will remain unused and will have a strong resale value one day. If there is major outages then the generators will be useful. Either way, these are an asset. | ![]() dinky00 | |
19/4/2024 08:20 | It will increase capacity but will be loss making IMV. Perhaps we should view them as an insurance policy. | ![]() kimboy2 | |
19/4/2024 07:17 | Eventually they arrived will increase the capacity and profit ? | ![]() ertugrul | |
19/4/2024 07:08 | 31/5/23 Due to the increased uncertainty of supply in the medium term, we have made a decision to invest in diesel generators which will be able to sustain operations in South Africa during electricity cuts. The capital cost of these investments will be GBP750,000 and will be financed over 36 months with one of our local banks. We estimate that it will take 12 - 14 weeks to receive and install these generators. Based on 25% of available hours expected to be lost during the next 24 months, we expect that the capital cost will be recovered within 24 months. | ![]() kimboy2 |
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