Goldplat Share Discussion Threads

[sea7] 24/1/2017 19:38

I wonder if kili will be able to do a bit of local refining, instead of sending to Rand...




The announcement comes just as a gold refinery centre in Nairobi is expected to begin operations in April 2017 with the aim of boosting exploitation of small-scale trading. The Sh5 billion factory along Mombasa Road is expected to smelt and refine gold, silver and platinum metals.

[sea7] 24/1/2017 17:00

IIRC, Brians 2.06% and the fitel nominees 7.97% make up most of that 11.58% not in public hands.

The rest is likely to be held by the broker and other parties such as other employees not subject to disclosure.

[kimboy2] 24/1/2017 16:46

A decent buy today, not that I usually comment on them. I wonder if it is a known entity.

The 11.58% not in public hands on the website is out of date. It doesn't include FIL so is other holdings. It is going to be updated apparently.

[kimboy2] 23/1/2017 18:21

The interims last year were Feb 22nd. It looks as though we may be getting updates on various things in the interims rather than in separate RNSs. The various things to update are;
1. CIL at Kili
2. Elution column in Ghana
3. Securing pit for stock dam
4. Sourcing agreements from South America
5. Operational results for Q2/17
6. RR dispute

I think news on the CIL will come when it is fully commissioned, but expect the rest in the interims.

[michaelfenton] 23/1/2017 17:51

Update any day now should hopefully help. POG rising and gold miners falling?

[danielmiller1] 23/1/2017 17:31

Having read the following I am pleased to have dipped a toe into KGLD.

Hey Kimboy strangely enough I value your opinion. If you feel inclined let's have it on KGLD please.

[shareholder7] 23/1/2017 16:25

https://www.bloomberg.com/graphics/global-risk-briefing/Kenya, Ghana and the South Africa

[danielmiller1] 23/1/2017 14:56

I seem to recall the Botboy using much the same excuses when GDP Fell down from 14 to 4 and then down to 2 as I predicted.

This is far from being a disproportionate effect on the share price Bot, this is exactly what I said was going onto happen and will continue to do so until GDP sorts its admin out.

I can't be too hard on you though as you did save my a hell of lot of money on that dawg ALO.

Kimboy223 Jan '17 - 12:30 - 3461 of 3461 0 0
It is a thin market for the shares and any buying or selling will have a dispropotionate effect on the share price

One of the problems is boredom waiting for the next RNS. The fact is the present cash flow doesn't allow a great stream of investment to give a good news flow. They are spending £1.7m this FY and most is going on Kili.

Hopefully once phase 1 at Kili is complete they will get the Ghana elution column by September, which will give them something like £3m cash flow next FY.

That would create a better news flow.

[kimboy2] 23/1/2017 12:30

It is a thin market for the shares and any buying or selling will have a dispropotionate effect on the share price

One of the problems is boredom waiting for the next RNS. The fact is the present cash flow doesn't allow a great stream of investment to give a good news flow. They are spending £1.7m this FY and most is going on Kili.

Hopefully once phase 1 at Kili is complete they will get the Ghana elution column by September, which will give them something like £3m cash flow next FY.

That would create a better news flow.

[sea7] 23/1/2017 10:58

Yep it is noise, however, it allows us to see that the drop off in the share price is not specific to goldplat in anyway and should allay any fears that anyone has over the underlying business.

We have all seen it before, a great set of numbers put out, then the sector is out of favour and the share price drops, as indiscriminate selling takes place.

Baby and bath water.

[kimboy2] 23/1/2017 10:49

Unless there is news it is just noise. The numbers, or prospective numbers, are what will move the share price significantly.

[danielmiller1] 23/1/2017 09:28

I dont know if anyone else has noticed, but the more this dawgie gets ramped the more of it gets dumped!

[sea7] 23/1/2017 08:35

I see that goldplat is tracking the sector quite well with regards to its share price performance.

Looking at a couple of randomly chosen gold miners, we have

Centamin down 17% from its 52 week high
Shanta down 20% from its 52 week high
Goldplat down 20% from its 52 week high.

Once we get the news on the CIL plant and a general update, we ought to see a bit of an uptick.

Whether any share price increase on the back of a fundamental strengthening of the business at kili holds is anyones guess.

[kimboy2] 22/1/2017 18:18

Yes opportunities open up once you start producing a bit of cash.

Hopefully some real news next week.

[danielmiller1] 22/1/2017 11:12

Andrew is a decent enough chap. He was rather passed that Mortitx was allegedly stealing his tailings

Be that as it may or whatever it is, it does appear that GDP has a propensity for not keeping its nose clean and ending up in court! But what hell, its shareholder funds that pick up the tab for court expenses!

[sea7] 22/1/2017 11:08

Thinking along the same lines KB!!

[kimboy2] 22/1/2017 11:07

I notice that there are 68kozs of Mcalder tailings, which appear to be somewhat similar to the stock dam.

That would seem an obvious target to start with.

[sea7] 22/1/2017 11:05

I wonder if goldplat can secure red rocks mcalder tailings, if it proves to be worth it.

It is measured at 1.3mt, 1.65g/t au, 68koz - no cut off grade.

[sea7] 22/1/2017 11:02

from rrr accounts to end june 2016

The Company is currently engaged via its local partner in Kenya, Mid Migori Mining, in a legal challenge of the purported termination of its Special License numbers 122 and 202. In May 2015 the Company was granted a leave to institute judicial review proceedings and a stay on the implementation of the Ministry of Mines revocation decision, which is currently ongoing. Red Rock has also applied via a local affiliate, Red Rock Kenya, for the same ground covered by the existing licenses. While the Company feels it has a strong and quite valid case for retention of the licenses and the existing JORC resource the ongoing legal process makes the timing of any resolution unclear and difficult to project.

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

They are unlikely to get them back.

[kimboy2] 22/1/2017 10:42

There was an interesting bit in the prelims:

...new relationships developed with the Governor of the adjacent Migori County, which has significant potential for gold exploration, mining, sourcing and processing of tailings

This was developed a month later in the update;

A permit has been granted to purchase and transport tailings from Migori county, where KPG has identified significant quantities of good quality surface material.

Also the last I heard Red Rock Resources had been jacked off their claims in Migori. The assets are;



There is even a helpful map showing how close it is to Kilimapesa. I think it is still in the courts going through the last rites, but it does seem an opportune time to build relationships in Migori.

[kimboy2] 21/1/2017 11:11

This might be useful;

[danielmiller1] 19/1/2017 23:46

qazwsxedc6916 Jan '17 - 15:24 - 2192 of 2194 0 0
Good to see share price holding at this level. Very nice. lots more to come.


Yep it still has to go to 2p as The share price just can't keep itself from falling, but comfortably and enjoying the slide.

[kimboy2] 19/1/2017 16:35

On the economics of the artisanal I suspect that the processing costs are about $20/t. If the grade is 10g/t that works out at $62/oz.

If we assume that GDP make $300/oz profit and the price of gold is $1150 then they need to be paying at the most $788/oz delivered.

I am not sure what alternative outlets the artisanals have but I wouldn't have thought that there were many the Kenyan side of the border.

[sea7] 19/1/2017 16:33

Yep, they must have been running it down by now, as they prepare to close it.

[kimboy2] 19/1/2017 16:14

I don't think there is a large stockpile of artisanal at Kili. I think they get it in when they want it, and when the CIL is up an running Kili will only run on artisanal as long as the tailings facility lasts.

We don't know how far the artisanal material is coming from to Kili, or what price they are paying for it.

I suspect that they can get cheaper material from Migori.