Goldplat Share Discussion Threads

[sea7] 01/1/2017 18:06

Dominic Rebelo was the lawyer from Anjarwalla and Khanna, who advised
International Gold Explorations AB and Gold Mineral Resources Limited in their friendly sale and purchase of shares in Kilimapesa Limited and the subsequent restructuring of their various mining rights.



I would say that if there is any corporate transactions at Kili then this firm might be contracted again.

[sea7] 01/1/2017 16:55

video discussion about goldplat...



Whilst the date is november, I do not recall seeing this video.

He states that the issue of the disused open pit mine, next door to goldplats benoni operation has come up in parliament, as Goldplat need to be given this site, which as it fills up, will prevent the illegal miners accessing underground workings from it. The site is currently being unofficially used by illegal miners.

He states that whilst goldplat does not count Harmony as a client the tender is out at the moment, so Goldplat may get it.

[sea7] 01/1/2017 11:31

Kb,

It looks as though the 5% royalty on gold mined in Ghana is being applied to Goldplat as well. Even though Gold Recovery Ghana does not mine in Ghana, they appear to be applying the Royalty payment as well as the corporation tax of 8%.

Perhaps they consider that Gold Recovery Ghana should pay, as it accepts material from miners in Ghana and extracts the gold from it. As the material comes from the miners who mine Ghanaian land and is therefore, subsequently owned by the Ghanaian people, they consider it mined material and subject to the royalty.

Mineral Royalty

It is a production based tax which is levied on the basis of Section 25 of the
Minerals and Mining Act, 2006; ACT 703 which states that „A holder of a
mining lease, restricted mining lease or small scale mining licence shall
pay royalty that may be prescribed in respect of minerals obtained from its
mining operations to the Republic, except that the rate of royalty shall not
be more than 6% or less than 3% of the total revenue of minerals obtained
by the holder.”
An amendment to section 25 of ACT 703; passed in March 2010, provided
royalty payment at 5% of the gross revenue of minerals mined.
Mining Companies are liable to pay royalties immediately they commence
mineral production in the country.
Payment of mineral royalties is made quarterly by all Mining Companies.

[danielmiller1] 31/12/2016 14:38

The silence of the population has result in the following in the heart of the nation.

Dan trusts all will go peacefully on New yest's eve.

[danielmiller1] 31/12/2016 14:33

Is this the type of Englishman S7 is.?

The new breed that welcomes this with the shores without comment.

Dan will always comment when there are atrocities

www.dailymail.co.uk/news/article-4078006/Halal-chicken-firm-supplies-supermarkets-boiled-birds-ALIVE-blunders-meant-not-throats-slit-plunged-water.html#ixzz4UQAOcfXP

[sea7] 31/12/2016 14:25

Do not know what you said miller, you are on filter, although it is a fairly sure bet that you are singing your own praises and bad mouthing everyone else.

[sea7] 31/12/2016 14:23

shareholder,

Thanks for the comments.

Ian sold his stake in Goldplat recovery and has since then simply been the FD.

As the listing document was very detailed in its disclosure of Demetri's infant childrens beneficial interest in the artemis trustees, perseus trust, it would be fair to say that they would not have left out any connection to Ian Visagie in anyway shape or form.

[shareholder7] 31/12/2016 13:42

Thanks for all this info Sea, amazing how you dig it up I just don't understand how Ian has no interest in Goldplat unless he has sold up No shares, no options yet he is still there as FD and influential Thanks again for all your great posts over the years and I will watch with interest what is to be over the coming months.

[sea7] 31/12/2016 13:03

Likewise DD, happy new year to you and all others on this board.

[sea7] 31/12/2016 12:53

shareholder,

I would say that the 7.97% held by fitel, (which comprises the remainder of the original holdings by the trusts that were issued 79million shares at listing) and the 2.06% held by Brian make up 10.03% of the 11.58% of shares not in public hands.

The other 1.55% I have not been able to pin down, although its fair to say it could be small holdings by brokers/promoters and others in the goldplat organisation which are not directors and not subject to disclosure requirements.

These are the people who hold the 7.97% of stock on behalf of others, who are not directors of goldplat.



From their brochure...

The use of companies, either stand-alone or as an integral part of more complex structures, provides many planning and risk-mitigating opportunities. Artemis provides full company incorporation, administration, provision of corporate or personal directors, company secretary, registered office, nominee shareholding facilities and accountancy services.

..........

They are an above board organisation and unless you are on the inside, you will not know the identities of their clients. Had Ian Visagie or any other officer of Goldplat had shares anonymously in one of Artemis's trusts then they would have declared this through the normal official channels.

They pride theirselves on confidentiality not illegality. They would not knowingly "hide" the beneficial interest of a director of Goldplat, which would be in direct contravention of the Disclosure and Transparency rules for AIM companies.

[sea7] 31/12/2016 12:05

Shareholder,

Ian Visagie and Demetri took over control of Goldplat Recovery from the sole shareholder. At listing Goldplat recovery was purchased by Gold Mineral Resources.

Ian only held a share of Goldplat recovery, south africa with demetri holding the rest.

This was sold to Gold Mineral resources, which is the guernsey registered holding company of the listed Goldplat plc uk. Ian does not hold any shares in Goldplat Plc and does not have any ownership of Goldplat recovery south africa anymore.

Gold mineral resources was held by Artemis Trustees Limited as trustees for Perseus Settlement, Artemis Trustees Limited as trustees for the Kilo Trust and Artemis Trustees Limited as trustees for the Aqualeo Trust, they were issued 79 million shares at listing in addition to the £500k cash raised at IPO.
The £500k was used to buy Goldplat Recovery SA.

Ian does not have any beneficial share ownership, directly or indirectly in goldplat plc or any of its subsidiaries since pre-listing in July 2006.

shares not in public hands can mean locked-in stock held by promoters, company officers, controlling-interest investors, or government and corporate cross holdings.

Whilst Brian is no longer a company officer he holds or held over 2% of the company and this was included in that 11.58% figure. Please note that the page is out of date, as the holding for Nick Gommersall is still there and he holds below 3%.

[discodave4] 31/12/2016 11:55

Happy New Year everyone...........let's hope it's very healthy and prosperous year too.DD

[danielmiller1] 31/12/2016 02:31

Lolololololololololol oh dear like lambs to the slaughter lololololololo

and with money to burn as well lololool

nw9930 Dec '16 - 19:34 - 3224 of 3225 0 0
I bought 100k at just under 5.50 yesterday .

[kimboy2] 30/12/2016 21:52

On another subject has anyone any views on the 5% Ghana royalty;

Under the terms of the licence, GRG will pay a royalty to the Ghanaian Government of 5% on all minerals obtained from its operations.

They were due to be paying 8% corporation tax. Perhaps it works out the same.

[nw99] 30/12/2016 19:34

I bought 100k at just under 5.50 yesterday .

[dinky00] 30/12/2016 16:57

I couldn't even get a price to buy 50,000 today. The current offer price doesn't reflect the true state of the market. I would buy 500,000 if I could

[shareholder7] 30/12/2016 12:59

As per web site Percentage issued share capital not in public hands: 11.58%

[kimboy2] 30/12/2016 12:37

Hi DD
Well the most serious problems have been the result of RR being unable to process GDP's concentrate. GDP were the customer and RR let them down.

There have been other problems - Kili and the fall in the price of gold. However it is RR's failings which proved the most serious in so far as it killed cash flow and created problems with GDP's customers who weren't getting their material processed.

As for everyone knowing the issues it is speculation. However some of GDP's largest customers are also the shareholders in RR so they would be able to ring up to find out if they were interested.

The basis of the dispute will be known. The actual facts are to be determined.

[discodave4] 30/12/2016 12:25

KB2Don't know how you can post up that most of GDP's problems have been due to RR!, no offence but absolute rubbish, the faults/issues are due to GDP management pure and simple, blaming one of their major customer/s is ridiculous IMO.Again KB2 you speculate that everyone knows what the issues are with RR and customers/clients are still doing business with GDP - you know this for a fact?. If everyone knows why is there an independent enquiry?, why don't shareholders know?, why is it dragging on and on?.Let's see what the next news looks like rather than guessing.DD

[shareholder7] 30/12/2016 12:15

Thanks for this Sea great info11% of the company is outside of any trading, this I believe is Ian's stake can you confirm? I am sure he owns thisGood point DD I don't agree with Millers rudeness or views only on his point re management of GDP and being mislead

[kimboy2] 30/12/2016 12:14

Thanks for your thoughts shareholder.

I can understand why the long term people are holding but can't see why anyone new would buy into this share.

1. GDP is profitable and debt free. The PBT in Q1/17 was about £0.8m. The company is valued at £9m.

2. The South African company has always been profitable. Last year it produced a profit of £2.1m and in Q1/17 it produced £0.76m. GDP owns 76% of it.

3. There are large inventories of stock lying about. The only one we have had a measurement on is the stock dam which contains 82kozs. This will yield a profit twice the GDP market cap.

4. There are a number of projects to increase profitability. The first up is the CIL at Kili, which is online imminently, which will increase profits by about £1m.

5. Uniquely among mining stocks the cost of its feedstock reduces, or increases, with the price of gold.


As for RR I would point out one or two things. The majority of GDP's problems have been because of RR and the chaos and deceit that has emanated from it.

The fact is that GDP can now survive without RR. Every increase in elution capacity increases this insurance.

As for a trustworthiness contagion if they get the wrong result from the independent enquiry, I doubt it. RR employees have been nicking gold all over the place but has it affected RR's business?

As I have said before everyone connected with gold and GDP and RR will know what the dispute is about and are still trading with them.

In the end a difference of opinion makes a horse race and a market. We shall see what transpires.