Goldplat Share Discussion Threads

[sea7] 04/2/2017 10:25

That's the problem with allowing emotions into investing, it is easy to get caught up in the moment, where a stock is climbing and people don't want to miss out, so they buy, the momentum runs out, the stock collapses.

Exiting a position at a loss is never easy to do, as it is final and the money is gone. Keeping the position open ensures that hope is still on the table and that the size of the loss may one day be reduced to nothing or a profit may be realised, even if it means years and all the while anger and bitterness rise at the fact that the money is "tied up" in the stock doing nothing. Seeing other stocks climbing to the stars, whereas yours isn't budging just adds to the frustration. Management and anyone else that is around is usually on the receiving end of this anger.

The thing is, emotions and investing are like oil and water, they don't mix, which is why markets are not efficient and rational investing triumphs time and time again.

[kimboy2] 04/2/2017 10:02

I always tend to view shares as a zero sum game in which investors are competing against each other. Rationality, IMV, will on average beat emotionality in the long run which is where many PIs are.

IME it is increasingly difficult to remain rational the more money you lose. That is why shares which have gone down often have a tail of disgruntled investors or former investors following them and bad mouthing them.

It is almost as if they view it as a personal grudge and what they say can have any effect on the companies performance. They feel somehow as if they are getting their own back on something that has hurt them.

They may affect the share price but that only skews the risk reward for those who can act rationally.

It is still a risk of course, but a more productive risk IMV.

[sea7] 04/2/2017 09:13

Thanks Qazwsxedc69,

yep, smeagle miller still hasn't come to terms with the egg on his face, after bragging about buying at 16.5p and 15.65p, telling all of us that the stock was going to 30p and then the price collapsed to 1.75p. Miller has taken a stonking hit and is still bitter about it and blames everyone else except himself. Sad really. I have him on filter as well, as I had become bored of his endless, tiresome, meaningless rants.

[flyingswan] 03/2/2017 17:13

Gold price is moving up a bit, may help GDP.

[kimboy2] 03/2/2017 14:35

Interesting presentation from Randgold;

[danielmiller1] 03/2/2017 14:02

You mugs would be much better putting your money into a real share try KGLD ALREADY MADE GOOD GAINS SINCE DAN BOUGHT A FEW.

[qazwsxedc69] 03/2/2017 13:32

For a company that is more than 50% up on where I bought it, there is a lot of whining on this board, tempered only by the useful info regularly provided by Sea7 and kimboy.

Although I have the clown filtered, I see that unfortunately Smeagle aka DM1 still posts regularly, often seemingly to himself, no doubt still nonsensical, caps riddled inane ramblings because he made such a bad investment decision and needs to take it out on the wider world.

[shareholder7] 03/2/2017 10:17

No news is bad news GDP have been very quick to give us good news last year. I am sure they a busy trying to write something that will be upbeat but as per normal, it will have some bad news as wellI do hope I am wrong and I am happy to return to this share once I can see clear progress and no hidden agendaI am sure Sea and Kimboy will now start posting statistics and projections to prove me wrong but they both miss the main point Very poor management, really dose not matter what you project if you can't do a deal with your major business partner Let's see who is right

[russman] 03/2/2017 09:25

There was an update in the month after every qtr last year.
But not this year.

[sea7] 03/2/2017 07:38

yep, GDP's teng teng mining licence application will definitely be in the queue.

[kimboy2] 02/2/2017 20:34

I wouldn't be surprised if GDP's application is in the queue;



Also noticed;



Perhaps some of our suppliers;

[sea7] 02/2/2017 20:26

If GDP were too take a look at red rocks kenyan licences, they will no doubt be familiar with AGM's Technical assessment of the Nyanza gold deposit, in red rocks mikei project.



Extract..

The project has potential flexibility and growth options provided by input from neighbouring projects within the Mikei Project as well as the Macalder Tailings. The best option is 2.1 which incorporates an initial gravity circuit to process the higher grade near‐surface resource blocks and then followed in Year 2 by a full CIL plant with a life of mine of a further 7 years.   

[danielmiller1] 02/2/2017 19:46

BOTBOY STATED ON THE RAMPERS THREAD.
IMV there is a clear sequential plan to build profitability, as well as a few irons in the fire. It was just be nice to see developments to gain confidence in their execution.

DAN SAYS....

I believe the share price will FALL as NO developments are confirmed.

[danielmiller1] 02/2/2017 19:44

Read back they are always overdue with something or other.

Does you realise stupid one. that it's only you and the Botboy propping this dawgie up?

[sea7] 02/2/2017 13:35

Whilst we are due updates on many items, the company never stated a specific day that they would issue an update, therefore, they are not overdue.

[russman] 02/2/2017 12:17

Overdue.Sums GDP up.

[kimboy2] 02/2/2017 11:06

We tend to get operations updates on the first thrid and fourth quarters and other updates as things happen.

We are certainly due an update on the CIL commissioning which is now overdue. There is also these contracts in South America which are overdue, though I suspect that they are being held up by South American bureaucracy.

I believe that there was also a meeting of all parties last week on the stock dam pit. I wouldn't expect an announcement on that until any potential ink is dry.

IMV there is a clear sequential plan to build profitability, as well as a few irons in the fire. It was just be nice to see developments to gain confidence in their execution.

I believe the share price will rise as developments are confirmed.

[michaelfenton] 02/2/2017 10:55

Kimboy2 - you maybe right but I cannot believe we will not receive some news during January - it is a while since we have got anything substantive. last year we received if my memory serves correct 5 trading or operational updates. We have not had one since October and are overdue some news. The share price has slipped consequently in my opinion?

[kimboy2] 02/2/2017 09:49

They tend not to give updates in January and did last year because they had the results of the stock dam resource measurement.

The results may be on 22/2 but I suspect that TDW have just taken the date of last year's interims.

Certainly been a long time since any substantive update. The interims should be good in relation to last year's interims as they weren't particularly good. It will be interesting to see how Q2/17 compares to Q1 as there was a fall in the gold price.

The most important thing with regard to future finances will be the investment program which in the next year or so means the Kili CIL, Ghana elution and the stock dam.

[michaelfenton] 02/2/2017 09:43

Should have been a trading update by the end of January - not issued maybe due to timing? Interims should be progressive?

[ironstorm] 02/2/2017 09:39

Well if TDInvesting have it right - interims are due on the 22/2.

So not long to wait.

This share has most recently reacted after the interims (good or bad) - expecting a further improvement which hopefully will push this above 6p short term.

[danielmiller1] 01/2/2017 16:45

For the very same reason as you assume value......it's a

Speculation