Goldplat Share Discussion Threads

[maybesum] 31/8/2016 16:10

Heraeus Refinery is one of the worlds biggest precious metals refiners.....based in South Africa. Great update today from GDP! Looking very good going forward.

[russman] 31/8/2016 13:43

Cashflow is great.By the way o/d Stanbic Kenya.Really pushing the boat out.

[russman] 31/8/2016 13:39

Where is this new "Hershey" refinery.

[sea7] 31/8/2016 12:14

As at 1 july we have 4296 ozs available for sale, giving us about £4.7m of value at todays prices. This is almost half todays mcap of £9.84m.

Definitely undervalued, without taking into consideration the points made by KB.

[sea7] 31/8/2016 11:48

end june 2014

gold produced - 30977
gold sold/transferred - 28216

inventory held 2761

end june 2015

gold produced - 30524
gold sold/transferred - 21181

inventory held 5620 + 2761 = 8381 ozs

end dec 2015

gold produced 17457
gold sold/transferred 17875

inventory reduced by 418 ozs

remaining inventory 7963 oz

end march 2016

gold produced 7252
gold sold/transferred - 7173

inventory increased by 79 ozs

remaining inventory 8042 ozs

end june 2016

gold produced 11969
gold sold/transferred 15715

inventory reduced by 3746 ozs

remaining inventory as at 1st july 2016 is 4296 ozs

[kimboy2] 31/8/2016 11:21

I think GDP is significantly undervalued now.

The main advance today has been the cash flow. They sold 3,746ozs from the inventory which should yield a cash flow of about £3.7m, plus any profit from RR etc on top.

It would seem that there is maybe more inventory depletion still to come as well.

The other thing is that South Africa can clearly do 40kozs pa on its own. If they make a 20% margin on this then we are getting a gross profit of some $10m.

Anyway it would seem that the investment projects can be put back on the front burner. It looks as though the elution plant in Ghana is going ahead when approval is received.

It looks as though the problems they have had in the past have hit the local supply of material. Hopefully with the inventory reducing a normal pipeline will be re-established.

They are obviously trying to get material from wherever it is available. In Guinea the main mine is run by AngloGold who GDP already have a relationship with. South America has been a long time gestating but hopefully will produce soon.

If they can reduce inventories further, and keep profits increasing, it wouldn't surprise me if Kili was put on the front burner as well.

[sea7] 31/8/2016 10:02

VSA view on todays update...

www.proactiveinvestors.co.uk/columns/vsa-capital-market-movers/25877/vsa-capital-market-movers-goldplat-25877.html

[sea7] 31/8/2016 08:44

11969 ozs for the quarter, which when repeated over the forthcoming quarters gives production of 47876 ozs for a year. Production in ghana is down, which does give an indication of a reduced amount of material available, possible interruptions with the gold and EPA licence renewal process being underway. They may also have intentionally reduced throughput in ghana, to take pressure off the elution tower in SA.

I am pleased to see the company got the VAT exemption in kenya.

As we expected, the RR dispute is isolated and the normal course of business with rand continues.

There is plenty of scope for increases in production in kenya and ghana. The increase in selling down inventory is having the effect it is meant to, which is to mitigate the effects of the RR dispute.

[kimboy2] 31/8/2016 07:48

I think the answer to that is if they get better grade material there is more profit. It would also appear that Ghana may be short of material.

IMV the main item in this update is a substantial improvement in the cash position of some £3.7m. I was previously wondering if the RR situation would affect the cash available for investment. However it now appears that most projects can go ahead immediately.

[pog1234] 31/8/2016 07:40

Re the operational update: Why put so much effort into procuring material from SA and trying in Guinea? Isn´t there enough material closer to home?

[russman] 30/8/2016 11:39

GDPs near future.More like Back to the Future 4.

[kimboy2] 30/8/2016 11:05

Even better given it was £395k at half way.

They are obviously waiting for an announcement. I suspect it is permission to tip the stock dam tailings in one of the open pits that surround them that is holding the road show up.

[maybesum] 30/8/2016 10:11

PBT of £2 million pounds constitutes a very healthy return to profitability by anybody's standards. In my view there will be an upturn in the share price towards 8p and beyond.

[maybesum] 30/8/2016 10:05

PBT of 2million constitutes a very healthy turnaround.

[wigwammer] 27/8/2016 14:22

So the £2m is consolidated profit before tax, not gross profit as some mistakenly suggested.I guess the culprits are busy multiplying their eps estimates.

[russman] 26/8/2016 12:23

What do you estimate the tax due is?

[sea7] 26/8/2016 09:16

miller - your response simply validates my post 1935. I have had this discussion with you before and reposted your posts, where you stated that you lost on this. There is no point going over it again. Perhaps you would do better in your investments if you spent more time on research and less ranting about your losses.

[danielmiller1] 26/8/2016 09:09

Come come come stupid 7

Just show me one, just one even though you imply there were many, where I claim I lost money and got burnt......you know you can't so it's you stupid7 who keep on going over old ground.

I really don't mind that though as you are too thick to see that you remain dancing to my tune in that you always provide me with something to reply to, thereby keeping the thread alive for others to read.......at least this way there are getting warnings.

Looks like the winds are favourable for a sailing night we have no mechanical power.

Keep dancing stupid 7 and keep the thread alive.lolololololololol


Lololololololololololol

[sea7] 26/8/2016 07:32

Miller you are on these boards bragging about buying at 16.5p and 15.65p and then whining about losing on it. You also claimed not to be the only one who lost at those prices.

We have had this discussion on many occasions, however, it is clear to me that you insist on going over old ground time and time again, because you just can not accept the fact that you got burnt on this share and many others, despite your howls of protest to the contrary.

Stop acting like a belligerent six year old and grow a pair FFS.

I sometimes wonder if you make these stupid posts to simply get some attention as there is clearly something lacking in your life.

[danielmiller1] 25/8/2016 21:38

Nope I just hate deception.

Would you like to tell me what I have lost here please?

That said I really don't mind humiliating myself, if that's how you se it, if it stops others being suckered!

[maybesum] 25/8/2016 19:33

I cannot understand why someone would humiliate themselves on a daily basis as the poster DanielMiller seems to enjoy doing. He clearly hates this company and clearly has lost a lot of money trading in GDP shares.

[danielmiller1] 25/8/2016 17:42

I wonder why a small company like GDP needs all this management staff?
Especially two well paid guys doing the books.

Don't they trust Visausage's figures that they have to bring in Werner Klingenberg as
Group Financial Manager

Werner Klingenberg, is a chartered accountant and has joined Goldplat Plc in 2015 as Group Financial Manager. He trained as a Chartered Accountant with Deloitte’s Pretoria office after which he remained in an audit manager roll for 3 years. He subsequently moved into commerce and gained system and financial experience in the telecommunications and retail industries for 5 years before joining Goldplat. Werner plays an integral role in managing the financial and administration affairs of the Company and its subsidiaries.

Seems that for a company struggling to break even there are lots of Chiefs......each checking on each other perhaps!

[danielmiller1] 25/8/2016 16:59

Lolololololololololololol hard to,be positive in abrampers paradise lolololololololo