Goldplat Share Discussion Threads

[kimboy2] 05/12/2016 11:31

If they can increase profits by £2-2.5m by investing £4-5m then I would much rather they did that.

Then they can start handing out a dividend maybe.

[russman] 05/12/2016 11:25

If you state that the recovery operations are the bread & butter.Why are you sinking over £5m into Kili.Forget Kili. Pay a divi.

[discodave4] 05/12/2016 08:06

CSMAre you an algorithm?You always post the same time and say much the same thing! :)DD

[danielmiller1] 05/12/2016 07:58

Lololoololo if what you say is sound Stupid7 then no one could possibly belittle it could they?

I say Kissmequick green has exciting plans all around and he say he does not need to raise cash.......ahhhhhh well sounds good.

But this guy is on record saying that he would be resigning from Aurigin but he is still there and he has seen Aurigin almost run out of money with no chance of going to the market for more. Perhaps this could be why Kissmequick wants to self finance.

Does he realise that the only response the market may give him is NO!

This makes all future development for GDP suspect, never mind though back to 2p to give some mugs a buying opportunity

Food for thought, and on those words time for lunch!

Have a great week lolololooolooolol

[michaelfenton] 05/12/2016 05:32

A agree with Kimboy2 and am not overly concerned re RR. And Italians have joined the anti immigration and anti establishment club which may cause another banking crisis and be good for Gold.

[csmwssk12hu] 05/12/2016 00:04

Yes Gold moving up tonight bodes well for morning imho dyor

[kimboy2] 04/12/2016 23:33

In the meantime it looks as though our Italian cousins have done gold a favour.

[discodave4] 04/12/2016 23:13

Last couple of years there has been an operational update within the first couple of weeks in Dec, so fingers crossed we get an early Christmas pressie and see 6p+......if not they need to pull their fingers out and sort RR.DD

[kimboy2] 04/12/2016 22:33

Well I think we may be able to test that hypothesis as I suspect that we will get other news before we hear anything about RR.

I am not really sure what the hold up is with RR. What can there be that takes this long to sort out?

[discodave4] 04/12/2016 22:28

I was hoping for 6p but doubt it now.This is only going to go sideways until they sort out RR IMO - hope I'm wrong but based on all the previous good news......!DD

[kimboy2] 04/12/2016 19:47

Well I won't witter on about ALO, though I regard GDP as a much better bet. I think you know that already.

GDP isn't going to move without news and it would be nice to get a bit of good news before Christmas. The first up is likely to be the CIL at Kili. It was said to be on course for late December.

That sounds like early January mining being mining.

There is also the agreement with the boys from Brazil. Three contracts were said to be concluded during Q2/17 so something else this month possibly.

Then there is the stock dam which could come at any time.

I was hoping for 8p by Christmas. If that is to happen some of these are going to need to be announced.

[michaelfenton] 02/12/2016 20:23

Well ALO still cliam to be close to funding and have been quite clever so far in getting development in various projects for a no cost share. It is hard for small companies but at least GDP ia producing revenue and can finance Kenya mine from profits elsewhere. Funding is problematic for all small miners which is why there are opportunities to pick up bargains.

[kimboy2] 02/12/2016 15:51

Yes they are cheap because no one can get funding. ALO thought they had squared the circle but it is appears a load of nonsense.

If GDP can actually produce cash in a year or two then it could pick up some useful assets which are probably too small for the majors.

That will be the next stage after the present investment cycle, which may take a couple of years. I presume that is why they are quite keen on raising some cash, when the share price rises a bit, to get them to the next stage quicker.

[michaelfenton] 02/12/2016 14:53

kimboy2 - you are right mines already near ir producing can be picked up for a song and yes ALO did well but are still seraching for funding?

[sea7] 02/12/2016 12:58

Aurgin haven't done anything for a while as far as I know. Goldfields did make a R10M or $1m investment back in 2013 in aurigin which was impaired later on.

[sea7] 02/12/2016 12:25

Ashanti golds factsheet from october 2016...



Nothing in it we do not already know. The picture they use on the front page of people working on the site is the exact same one on goldplats gallery page on its website.

[kimboy2] 02/12/2016 11:35

Has anyone had any thoughts about the stated ambition of Gerard that GDP become a miner. ISTR that he was wanting a 40kozs pa producer.

There was a Letter of Intent last year with an exploration company, which came to nothing. I had presumed that this was Aurigin, but don't know.

Gerard did say that he would be resigning from Aurigin but hasn't done so as yet. Aurigin is basically out of money and no hope of raising any cash for further exploration IMV.

However I am not sure why we would want an exploration project when a discovery can be bought dirt cheap. ALO bought Matala a year ago for £1.54m despite the fact $20m had been spent on exploration. With a resource of 760kozs this works out at $2.50/oz, which is very cheap.

The problem is that you need the cash to develop it, which is exactly what ALO doesn't have and will get skewered when they have to raise some.

In order to pursue this strategy GDP has to be producing sufficient cash, which means fulfilling its own investments first. The developments that are planned are a couple of elution columns as well as the Kili expansion.

This lot will probably cost something like £6m. Once that is completed I would expect GDP to be producing something over £5m pa net.

Once GDP reach this point then the $14m needed to develop a 40kozs Matala type development will look easily doable.

Not sure if this is the strategy but seems sensible to me. The first stage is to invest and establish a solid base in the recovery operations.

[sea7] 02/12/2016 07:53

Millers post...

when lite it will bed illusionary and send the share price back to,2p

.......

As you are unable to communicate effectively in english, I will be putting you on filter, as you have once again demonstrated that you have absolutely no understanding of anything, with regards to the subject at hand.

You have let yourself down again Miller and have shown yourself up to be the poorly informed troll that we know you are.

Why don't you try to make a constructive post, instead of belittling everything the company and others do and say.

[danielmiller1] 01/12/2016 22:17

It's good to see old stupid 7 still trying to flog his dead horse.

He states above

The group has many irons in the fire across all group companies, all at varying degrees of progress.

But fails to state the costs of the irons and that the fire also meeds lighting then when lite it will only be illusionary and send the share price back to,2p

This BB is better fun than the TV.

[sea7] 01/12/2016 19:16

In contrast to russman's doom and gloom picture, it should be noted that the work carried out to improve the underlying picture is demonstrated in the net current asset value.

To end june 2015 NCAV was 1.8p per share.
To end June 2016 NCAV was 2.11p per share.

That is an increase of just under 18%. This proves, that at the time the information was compiled the overall health of the group was steadily improving.

If the group decided to pay all liabilities owed, as at 30 june 2016, sold all the inventory and collected all the receivables on the same day, there would be a positive cash balance of £3,536,000 left for shareholders plus all the property,plant and equipment. That's a fairly solid position considering what has transpired over the previous few years. (I know they are not going to do that nor would it happen in a day if they did try to do so.)

They are investing in the business instead of frittering the cash away on a dividend at such a capital intensive time.

The cash position at 1 july 2015 was £630k and a year later at 30 June 2016 it was £2,056,000 an increase of just over 225%.

The group has many irons in the fire across all group companies, all at varying degrees of progress.

The planned balance sheet strengthening exercise is primarily for kili, which takes the pressure off the recovery plants, as they have been supporting this mine since its inception. This is a testament to the strength and durability of the recovery plants, as demonstrated by their ability to withstand everything that has been thrown at them over the years and still remain profitable.

You are judging the book by its cover russman.

[russman] 01/12/2016 17:46

I forgot the "progressive" silver tolling agreement with RR.

[kimboy2] 01/12/2016 12:54

I thought you were out so why are you expecting a dividend?

[russman] 01/12/2016 12:24

The proposal is getting very blurred.Kili, stock dam, s america, platinum....Sunk millions into Kili.Kili might get to b/even but where is my divi.

[csmwssk12hu] 01/12/2016 00:05

Nice tick up today