Goldplat Share Discussion Threads

[kimboy2] 09/12/2016 09:52

Not much is going to happen until we get news I expect, and that looks as though any announcements may be delayed till the new year.

Anyway in the meantime here are some targets I have for the SP:

Target share price Mkt cap Profits @ p/e 85p 8.5m 1.06m10p 17m 2.12m15p 23.5m 3.18m20p 34m 4.24mThe mkt cap is based on 170m shares and a p/e of 8 doesn't seem too demanding for a debt free company.The profit attributable to GDP after tax and minorities, annualised from Q1/17, is £1.6m. This would suggest GDP is slightly undervalued at present on this basis.The CIL at Kili should be starting soon and be at full rate some time in the spring. I think this could add something over £0.75m pa to the bottom line. At a p/e of 8 this is worth about 3.5p to the share price In effect the expenditure of about £1.5m will add about £6m to the market cap.The next development after that (hopefully) will be the stock dam. This should add about £1m to the bottom line after tax and minorities, which is worth about 5pps.I would hope these will both be going by mid year.Against that there has been a fall in the rand price of gold recently. The company can mitigate this to some extent, especially in the medium term, but the next figures will show how effectively in the short run.

[danielmiller1] 08/12/2016 21:16

COME ON sTUPID PUT UP OR SHUT UP AND STAY PUT IN YOUR DAWG SHARE THAT HAS DONE NOTHING FOIR YEARS NORE EVER WILL/lOSE THE RAND CASE AND ITS ALL OVER.

[sea7] 08/12/2016 15:20

Miller - zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

I do not even have to unfilter you to know that your post will be a half baked response to my post.

Daniel "boring" Miller.

[danielmiller1] 08/12/2016 12:24

too late stupid! Why do you always forget to post the truth. You know that 3p was a one off day trade and I lost.

But prior to that I got out at the top and call a sell much to the anger of the AFPO BB, go back and look its all there.

Now you asked for it. Profit on dealing in AFPO £356721. Broker will verify if you want to pay for the privilege. Now FFS STFU you stupid little clown.

[sea7] 08/12/2016 08:42

Miller - despite having you on filter, I see that AFPO have been suspended today.

I thought that I would remind you of what you said about me and afpo....

Miller said "Nice to see AFPO powering on despite S7's lovely assessment. But S7 does not understand shares and share dealing as there is more to it than the guesstimates of what is going on."

Miller said AFPO has something GDP does not have, trustful management.

Miller said I'm off to buy some AFPO at 3p, cheap as chips. (3.07p was the all time high) - price collapsed after that and never recovered.

...................

Your record speaks for itself. Price yesterday - four tenths of a penny - today suspended.

All your words are there on the AFPO and GDP boards for all to see.

[danielmiller1] 07/12/2016 19:14

Lunch was good, thought I would look in for a laugh lololololololo seems to me GDP. Just can't break away from flawed management practices lolololololololol the just never learn there are no short cuts. If it found they have been playing with invoices and Zi am not saying that they have.......but?

That's the end of them?

[russman] 07/12/2016 17:27

Maybe you should have said roil or rile.

[kimboy2] 07/12/2016 15:33

Roll on a bit of real news.

[russman] 07/12/2016 13:41

In any equity placing GDP would need to disclose any contracts with RR or RR shareholders.Just write it off.Blown millions on Kili, why argue with RR.

[danielmiller1] 06/12/2016 17:29

You don't give anything much thought do you stupid 7. If you did muon would not have made that post above.

Of course at that time everyone was hyped up over GDP as what they were reporting sounded good, until that was Dan put 2&2 together and found their figures were all wrong.

It was Dan who said so and called the dawg down and down she went and you have never been the same. All you say now is the same old sour grapes lololololol

Now turning to the Rand issue as you know I have always questioned both the ability and integrity of the Sausage. While he was responsible for the aeccounts no wonder GDP are in trouble. I wager they will lose the Rand thingy and the SP,will tumble lololololololo I think you know that too and are pathetically try a poor attempted at damage limitation.....but it won't work.

Seems to me there are always two ways of doing things, while the old guard were there the propensity was to chose the other. Now it's the shareholders who are paying the price and will go on paying as the share price falls.
LOLOLOLOLOLOLOLOLOLOLOL. Ooooppps almost time for lunch quick checks on the other dawg first might have a double laugh.lololool

[sea7] 06/12/2016 16:31

As business is carrying on as normal and the matter is confined to one contract and being dealt with by an independent third party, which may or may not disclose its findings publicly through the parties involved, I am not giving it too much thought.

[sea7] 06/12/2016 16:28

Two of rand refineries policies...

Rand Refinery acts as an agent only and never takes ownership of any metal. Metal will be refined or smelted and sold into the bullion market on the customer's behalf.

and

Rand Refinery is primarily a gold and silver refiner and while deposits may contain base metals and platinum group metals, these other metals will not be paid for.



...........................

The "owner" of the material that Goldplat processed may indeed be challenging what Rand Refinery was offering them and subsequently Rand is challenging goldplats charges for what was produced.

[kimboy2] 06/12/2016 16:23

Well I suspect we will never know what the argument is about. None of the parties will want to look inefficient let alone bent.

I presume we will discover the financial result eventually as it will have to be a write off in the accounts if GDP don't get all the money.

[sea7] 06/12/2016 16:19

Yep, that is annoying Kb. Local word of mouth by those in the know, will filter round slowly to others. We will be the last to know, if at all.

[kimboy2] 06/12/2016 16:09

It is frustrating that while everyone around GDP, and their customers, will all know what the RR dispute is about we do not. All we know is that RR were disputing invoices.

I don't think it is a contractual dispute and ISTR that Gerard said it was about what went in and what went out in one of his interviews.

The fact that it has taken so long would suggest to me that the GDP paper trail was not adequate, or at least open to challenge.

It may be that one reason it has taken so long is that it is not RR who has raised the challenge. I suspect that the material was being tolled by RR for a third party. Perhaps the third party didn't get as much as they expected and raised objection with RR who just passed it on.

It could also be that RR never saw this material and it went straight to GDP. If so who knows how efficent the third party is.

If I was the third party and I didn't get as much as I thought I would I would be looking on their stock dam to see if they processed it inefficiently. That may take some time taking samples and getting results analysed.

My concern was always contagion about this but it does not seem to have heppened. In fact rather the opposite as they seem to be building large stocks as can be seen from the payables.

[sea7] 06/12/2016 16:08

No problem!!

[sea7] 06/12/2016 14:26

Shareholder,

No one has stated that any silver was missing.

The dispute surrounds a few invoices pertaining to processing charges.

It would be wrong of us to assume that either party is at fault, as we have no proof one way or the other.

Whilst there are about four shareholders at Rand Refinery that also send material to goldplat, other parties would not be aware of any outcome.

For all we know, someone at Rand could have understated the cost to goldplat and is trying to get out of paying it. We may never know for sure.

Rand Refinery may be a big organisation and Goldplat a minority customer, however, you can be assured that the number of people who dealt with the contract with Goldplat will only be a couple of people, whose to say they didn't make a genuine error with their calculations.

[shareholder7] 06/12/2016 14:16

Hate to agree with anything rustyman says but I for one am waiting for the outcome of RR before I purchase anymore sharesSea, considering that the shareholders of RR are GoldPlat's customers they will know what the outcome is after it is settled If it is found that GDP can't account for the missing silver then yes there might be other claims The big problem is that GDP and RR don't get on and both mistrust each other so there are no winners here and GDP need to extend the olive branch It's all very well saying that they have reduced the reliance on RR who are next door with a refiner in Germany that is far away and cost more but they still only have these two options

[sea7] 06/12/2016 12:54

Or alternatively russman,

The reason for the dispute is resolved at arbitration with common ground reached and an amicable solution implemented which suits both parties. Also bear in mind that arbitration is normally confidential and external parties do not get to hear about the findings and more often than not, any outcome.

[russman] 06/12/2016 12:41

GDP lose the decision with RR.All their other customers wade in with frivolous historic claims.The argument lingers on.GDP would not be able to raise any further equity.GDP win.RR will not be amused.

[sea7] 06/12/2016 12:37

Whilst I have not read millers post, I suspect it is bad mouthing the company as usual.

Some years ago miller was crowing about the stock going to 30p, however, I happened to stumble across this post from miller on one of the old GDP boards...

DanielMiller127 Jun '12 - 15:36 - 423 of 429 0 0
My target is £1 per share as an investment play!

I have now been in for two and half years, with a 5 year objective, but I feel once we get to 2015, based on current performance this will be a big time player and i can live nicely on the divis!!


DanielMiller127 Jun '12 - 16:51 - 426 of 429 0 0
I would be looking at around 2015 before they consider a divi. I an happy to wait until then or further!

.................
£1 a share - that is some serious ramping!!! from someone who loathes GDP.

[russman] 06/12/2016 12:32

Kili could be a small but profitable recovery operation.Kili b/even was promised a long time ago.

[sea7] 05/12/2016 15:48

Yep, the recovery business has been the backbone of the operation and continues to be.

Getting kili in a viable state is the priority at the moment, as stated by gerard a while back.

Once we see kili generating cash instead of sucking it up, then we will see some of the pressure coming off the recovery ops, followed by an increase in the share price, which might trigger their recapitalisation plans.