Goldplat Share Discussion Threads

[sea7] 24/12/2016 10:28

I am only expecting the CIL plant to be confirmed as operational in kili, with the losses having been removed as planned in the short term.

After that, south american contracts, crushing section kili, stock dam and elution column in ghana. Preferably in that order.

That should take us into march next year.

[discodave4] 24/12/2016 09:44

Was hoping for 6p by Christmas and news on RR.....fingers crossed for news Jan.DD

[kimboy2] 24/12/2016 07:40

This is mining and in Africa so delays are all part of the game. To be fair to GDP though once they have a project within their control, and don't require permissions, they deliver pretty much on th button.

On Ghana a major change seems to have already happened with them jumping to 12kozs pa from 6kozs or so. I expect these Brazilians will guarantee material for the foreseeable, when signed.

The first update will be the Kili CIL. It will add £1m pa to the bottom line when at full production. It will be interesting to see what effect it has on the share price

On the Ghana elution I hope that they just get on with it now, then we would have it about mid year. It all depends what cash flow is doing I suppose. The RR monay would be handy no doubt.

[michaelfenton] 24/12/2016 07:09

Kimboy2 - agree with you but will just add that slipping/lagging time frames have always been a GDP problem. The stockdam is way behind earlier estimates. Kili has always been a drain however the plans look good. Ghana as we now know will be at least a yar before onstream. I hope the next update end of Jan is positive or we could slip further. I am in now for longterm however still nervous.

[kimboy2] 23/12/2016 23:04

Well I didn't get the 8p I was hoping for by Christmas. I am expecting it to be delayed rather than denied.

The price at the end of Feb was 4p so I suppose we are 30% up since then. However since then there have not been any real developments, other than the RR problem and a general steadying of the ship.

2017 should be different though. We have the CIL plant, which is probably being commissioned atm. An announcement should follow shortly in the New Year.

Then there is the elution column in Ghana. This should be operational next calendar year.

I would also be very disappointed if the stock dam isn't in production next year. All that is holding the show up is an agreement on the adjacent pit to dump the waste in. This will be to everyone's benefit, so it is presumably just a question of distributing the benefit.

An outside bet is some sort of movement on phase 2 of Kili, but who knows.

Best of luck for all holders in 2017.

[sea7] 23/12/2016 21:41

I would be inclined to say russman, that goldplats arrangements with Rand Refinery are based on the volumes of material sent. Like any business they will have a scale of charges for larger and smaller clients.

[russman] 23/12/2016 14:54

So are RR still giving GDP the best deal.

[sea7] 23/12/2016 12:00

It is meant to be a replacement for the industry standard of activated carbon.

Goldplat themselves can replace their own use of activated carbon for these beads if they turn out to be as good as claimed.

Woodchips will still be acquired and processed, along with waste grease, mill liners and vlei etc, as the use of these beads is in place of activated carbon and does not alter primary mining techniques.

If goldplats own fine carbon processing becomes affected, they will evolve beyond this.

With regards to activated carbon itself, goldplat stopped trading in that years ago..
from the listing document..

The trading business in activated carbon was scaled back in 2005 and finally ceased in 2006

So, whilst you are right, they should position to take advantage of new opportunities, as far as I can see, only the processing carbon may be affected, if less and less use it.

[sea7] 23/12/2016 11:14

IXOS™ has consistently and thoroughly outperformed activated carbon and conventional ion-exchange resins in laboratory and field trials conducted over the past three years. These trials were done in partnership with some of the world’s largest gold mining companies under a wide variety of conditions, including high grade, low grade, and refractory (“preg-robbing”) ores. In multiple comparisons of IXOS™ to activated carbon and conventional ion exchange resins, significant performance advantages have been verified.



Early days and not gone beyond the trial stages yet.

[kimboy2] 23/12/2016 11:00

Yes quite an interesting article. It seems to me that it is only the marketing bumph and it hasn't actually been tried anywhere.

It might present an opportunity for Kili and the stock dam.

[sea7] 23/12/2016 09:50

They will be aware. The company behind the new tech will want the knowledge of the existence of their tech to be widespread.

The competitive threat is not against goldplat, it will be against the position that activated carbon holds in the industry.

Happy xmas to all.

[shareholder7] 23/12/2016 09:48

Chase two rabbits and you lose both Happy Christmas to all posters

[sea7] 23/12/2016 08:13

Hi DD,

Did read that. They appear to be offering an alternative to activated carbon and a solution loss recovery system for cyanide gold.

If this new way of recovering gold, bears out as they claim, then goldplat would be in a position to simply change from using activated carbon to these beads and set up an arrangement to have the solution recovery system installed, with an arrangement in place for any scavenged gold.

Once changeover costs and expected returns are calculated, they would be able to make a decision, if the numbers stack up.

It will not affect the viability of the business, as waste is still generated by the mines and this product does not alter that, it merely offers an alternative to an existing component of the gold recovery process.

The vast majority of the cost savings potential they claim, comes from the fact that these beads do not require regeneration, thus this step is removed from the process, along with a lower eluting time and temperature.

There will not be industry wide adoption of this tech, until it has actual real time data over a decent period of time and even then it will be gradual. Gold recovery processes have been perfected in a time frame stretching back hundreds of years, so time will tell if it supplants activated carbon or not.

[danielmiller1] 22/12/2016 22:46

Wowed is this the final curtain for companies like GDP.

READ THIS THROUGH it very interesting as this company will install their equipment for just a share of the profits with no cost to the miner.......maybe soon you will hear..GOLDPLATT...who needs them.

These guys running GDP have had years to get innovation.......but they choose to waste them. Now it looks like they may really have to pay for their idleness. I wonder what the stupid one and his bot will make of this!

[danielmiller1] 22/12/2016 22:33

I wonder why GDP never got this business right they have had years of practice and by now there should be no need for Rand if GDP had been managed properly

[discodave4] 22/12/2016 20:23

From the LSE board, posted by ChameleonMan:hTTp://www.mining.com/cost-saving-nanotechnology-set-to-disrupt-gold-processing-industry/Interesting.DD

[sea7] 22/12/2016 15:07

You are missing an important variable in your question russman, that being, some material goes direct to the benoni plant for eluting, then to rand.

Whether a container of material is sent to Germiston, Benoni or Hamburg, doesn't matter to me, as long as it is processed profitably and to the customers satisfaction.

Time and transport costs are the factors in play regarding shipments and that is being managed appropriately.

[russman] 22/12/2016 13:21

Seems a simple question.The containers are sitting on the dock.& you do not know where they are going.

[sea7] 21/12/2016 20:25

Gerard did say that south america was not without its hiccups and challenges, hence the hope to be signing contracts in january.

[sea7] 21/12/2016 20:19

Material that was delayed in Ghana to be shipped by end of this month.

[kimboy2] 21/12/2016 20:14

Thanks - We aren't going to get any announcements till the New Year by the sound of it.

The South Anerica contracts have been delayed again till January, though they are processing a batch of material at present.

It sounds as though the delay in the material for further processing will reduce quarterly profit, but be in Q3/17 presumably.

They are expecting to do the elution column well ahead of the outlined schedule. I reckon that it will be up and running in a years time.

[sea7] 21/12/2016 19:40

New interview with Gerard..

www.directorstalkinterviews.com/interview-goldplat-plc-extending-ghanaian-gold-licence/412719352

[kimboy2] 21/12/2016 17:48

A far more certain way to increase the gold price, or at least the rand gold price, is to depreciate the rand;

[michaelfenton] 21/12/2016 17:22

Kimboy2 - there have been rumours circulating for a while re a change in Sharia Law to allow investment in Gold. Do you know anything about this? If true should be a real boost for POG?