Goldplat Share Discussion Threads

[kimboy2] 24/8/2016 10:52

Hi DS
The figure given today includes financial costs, which are largely irrelevant. I am still trying to get my head round what effect this will have.

[nw99] 24/8/2016 10:44

Just bought here

[michaelfenton] 24/8/2016 10:14

Kimboy2 - yep it does. C'est la vie.

[dangersimpson2] 24/8/2016 09:01

KB,

Isn't the true run rate higher than £3.2m if the gold price/fx & operational rates & costs stay the same?

You would take 4xQ4 to reflect the current pricing not 2xH2. Which would give £4.7m operating profit after central costs based on your figures or £3.5m after 26% SA Tax.

[nick rubens] 24/8/2016 08:41

This level of profitibilty reminds me of GDP many years ago when the shares were trading around 12/13p and always seemed cheap back then and with a good yield at the time.

Looking forward to that level again. With interest rates plunging and QE being prepared Gold Price should improve.

[kimboy2] 24/8/2016 08:10

Hi mf
That ages you a bit.

[michaelfenton] 24/8/2016 08:05

Thanks Kimboy2 - your views are always worth the read.I am chilled or rather baking in Cyprus and watching Chuck Berry on youtube.My foot is tapping.

[kimboy2] 24/8/2016 07:57

The market expectation as contained in the VSA note was for a PBT of £0.563m so we are well north of that whether RR cough up ornot.

The main point though is that the first half was £0.395m and the rest H2/16. This would indicate a run rate of £3.2m PBT for 2017.

Seems a bit of an odd update when they presumably have all the operating numbers. I presume they are waiting to finalise some news, hopefully the stock dam.

[kimboy2] 24/8/2016 07:50

kimboy2 21 Jul'16 - 12:07 - 2501 of 2642 0 0 edit
Here are the quarterly updates and my, probably rose tinted, forecast for Q4/16. This is assuming that RR cough up.

This is the operating figures given by the company. There are central costs to come off that of £200k per quarter which gives an operating profit of about £2m.


Q1 Q2 Q3 Q4E
SA 415 275 845 1200
Ghana 156 146 156 180
Kili -115 -217 -169 0

Total 456 204 832 1380 2872

[michaelfenton] 24/8/2016 07:43

Thanks Pog1234 - agreed. So future looks positive.

[pog1234] 24/8/2016 07:39

Depends on what you were expecting Michael.... My view is that it is in line with expectations even if they write off the disputed invoice to RR. Depending on the progress on all other projects the trading update could be very positive. We shall see in the near future when it is released.

[michaelfenton] 24/8/2016 07:32

So profits look like 2 million and we are not too sure about RR dispute. Better than expected?

[rolo7] 24/8/2016 07:24

Wow! 2million pbt fantastic!

[glennborthwick] 24/8/2016 07:06

Good update. Don't hold

[sea7] 23/8/2016 19:05

yep wigwammer,

I made one purchase at 1.75p and 5 in the two's.

[wigwammer] 23/8/2016 16:23

"Why did you not buy them"Many filled their boots at 2p.. while you were gold panning with dan.

[sea7] 23/8/2016 15:52

No reason.

[russman] 23/8/2016 14:28

Why did you not buy them.

[wigwammer] 22/8/2016 18:41

"Shall we agree that GDP is illiquid"I hope crazee dan isn't paying a lot for his help.

[sea7] 22/8/2016 17:13

The tie up that ashanti have with alecto is in mali. Goldplat has said some time ago that any consideration they had about working in mali was off the table, due to the political climate there.

This year we have had one operations update, which was in april. I am expecting quite a comprehensive update on all aspects of business, when it comes.

[kimboy2] 22/8/2016 16:20

Yes a rising gold price seems to float a few boats. It is just an option for Ashanti, as is the ALO one today.

It does seem as though they intend to do some exploration at Anumso, and I would expect that if it is promising the ALO one will be on the back burner.

I am not holding my breath on any of this.

The RNS this week (hopefully) is likely to be the big news. I think it is about time that we got some news (and action) on the stock dam. It was meant to be in May but the uranium has delayed it.

The sooner we get this cash flow going the quicker will the investment backlog be cleared.

[sea7] 22/8/2016 14:04

I see that ashanti gold corp has raised cash to explore the anumso concession...

Dated 16th August 2016



The net proceeds from the placement are intended to be used to finance the exploration costs related to the earn-in agreement on the Anumso property, pursuant to the letter of intent with Goldplat PLC, announced on July 13, 2016, as well as for general corporate purposes.

[sea7] 22/8/2016 13:41

Not quite sure what you mean about your first line and as for the second, I was not the buyer.

GDP has always been an illiquid stock, ever since its listing in july 2006.
Attempting to buy or sell in size outside of the occasional large volume days can be a bit hit and miss as to whether you get filled before the price is moved disproportionately, one way or the other.

[russman] 22/8/2016 13:30

& my Granny does not ride a bike anymore.Maybe you did not want them.Shall we agree that GDP is illiquid.