Goldplat Share Discussion Threads

[obbig60] 05/3/2017 12:43

That seems to be old news from Feb. 5th and was covered in the last RNS ( 2nd para of Chairmans Statement).

[sea7] 05/3/2017 12:27

As I haven't seen this anywhere else, I doubt its integrity...

UK based Goldplat is in trouble with Kenyan tax authorities for under declaring the value of gold it has been producing in the country, adding to the woes its Kilimapesa Gold Mine in Migori has been facing.

[sea7] 05/3/2017 12:22

someone else's take on kenya..



extracts..

Kenya is still a very small player in gold production with Goldplat, the only licensed commercial gold mining firm still struggling to hit 200 kg a year in production at its Kilimapesa mine

and

Unlike Goldplat which has experienced challenges funding its Kenyan operations, Acacia Mining, formerly known as Africa Barrick, is a magnet to financiers.

[danielmiller1] 04/3/2017 11:07

Call Dan whatever you wish and ignore the facts also if you wish to do so, but you will never cover over that this ..........


IS NOT A TRUSTED COMPANY AND INVESTORS NEED TO BE AWRE OF THAT.

[kimboy2] 03/3/2017 23:45

You can get the RR accounts through the accounts of their shareholders. I think I put them up here about a month ago.

[sea7] 03/3/2017 15:17

On rand refinery, they stopped publishing annual accounts after 2012. The delay in filing their 2013 accounts, which were not published, was due to the accounting irregularities in the holdings of gold. That they lost.

There is no suggestion that the subsequent lack of publication of 2013 onwards accounts is related to the same lost gold matter.

There is less transparency at rand now.

[russman] 03/3/2017 11:58

It appears that we disagree on GDPs current business model.The bread n butter used to be gold recovery.

[kimboy2] 03/3/2017 08:04

Looking at potential newsflow as that is likely to budge the price upwards hopefully.

The next operational update will be around April 24th. It looks as though it should be very good given the pile of material being processed.

Between then and now we may hear about;
1. Contracts with South America. GDP said they would update us on tenders.
2. Final resolution of RR
3. Completion of stage 2 at kili
4. Stock dam pit resolution and planning and processing progress.
5. Elution tower in Ghana timeline update

[sea7] 02/3/2017 18:54

yep, it doesn't really matter what they say. They held those licences for over 20 years and have very little to show for it. Whereas goldplat has delivered a working mine in less time, even if it was delayed by the Kenyans moving the goalposts on the ownership rules and mining bill.

[kimboy2] 02/3/2017 18:42

In December RRR said;

We also proceeded with the prosecution of our judicial review case in Kenya, to protect our interest in the Migori gold asset and its 1.2m oz gold Resource.

I presume this is the judicial review, but from reading it I wasn't clear who was doing the judicial bit.

There is I believe the possibility of an appeal to the High Court, but I don't think that they hold out much hope of winning.

The start of the article says that Migori gold mining is in disarray. I would presume that they would want to rectify that asap

[sea7] 02/3/2017 18:25

They were in dispute over the licences, as you know. The hearing was scheduled for January 27th 2016. The recent reports must be from that hearing, where the decision to revoke licences was upheld and supported by the regional government in migori as well.

I guess that as red rock have been silent on the matter since that report and no rns has been issued, they may be considering their options before saying anything.

Red Rock have been made to wait. The hearing was meant to be over a year ago, after it had been delayed as the authorities asked for more time and got it. That short extension appears to have become a year.

At the moment it looks as though the Kenyan authorities have made their decision and that's that. Red Rocks move.

[kimboy2] 02/3/2017 18:06

I presume that the earlier report about Migori and Red Rock were from an on going court case. I haven't seen any other reports though or a timeline for a verdict.

[sea7] 02/3/2017 07:53

That's the general idea I got from what I could see and what we already know.

[kimboy2] 02/3/2017 07:46

I suspect it is just a story about them sourcing material from South America. I presume that they must be getting some information on these 'numerous' tenders soon.

[danielmiller1] 01/3/2017 23:32

Yes botboy I agree the accounting system at GDP is completely unfathomably strange.

But this I am sure will break them

Faced with a complicated cross-border agreement in West Africa, the tailings treatment company Goldplat is looking across the Atlantic to expand its …

[danielmiller1] 01/3/2017 23:28

Yes stupid 7 you forget to mention that at that time all was really loking rosie.......then they lied to the market and shareholders and had to withdraw the divident and issue a profit warning as the contravt were crooked.

I Wonder why you always overlook that and the fact that the same useles finance director is still there learning to count.


you also seem to forget that it was Dan who exposed this fraud and it was Dan who they threatened to sue if I did not withdraw my allegations........WELL DAN IS STILL HERE ALLEGATION AND ALL LOLO.OLOLOLOLOLOLOLOLOLO

I SEE THE share price IS DOWN YET AGAIN.

[sea7] 01/3/2017 20:14

There is an article in mining journal dated today about goldplat hopping the atlantic.

I cannot access it, as I am not a subscriber. The only bit I see is....

Faced with a complicated cross-border agreement in West Africa, the tailings treatment company Goldplat is looking across the Atlantic to expand its …

[sea7] 01/3/2017 20:00

As SI capital offer an advisory broking service and not execution only, I wonder what Martin Ooi's investment advisor thinks of the size of his position in goldplat.

[sea7] 01/3/2017 19:51

Yep, it would be interesting to hear his opinion.

[kimboy2] 01/3/2017 19:37

I see Martin Ooi has collected another 1/2 million in the last 3 months;



It is a pity he doesn't contribute here then we could pick his brain.

[kimboy2] 01/3/2017 16:46

Yes indeed. I am afraid I find it all a bit unfathomable.

[sea7] 01/3/2017 15:38

I believe you asked that question of russman once before KB and it wasn't answered then.

[kimboy2] 01/3/2017 15:32

What model?

[russman] 01/3/2017 15:26

If the RR debt was written off; the share price may go up.If GDP lose; the model is finished.

[sea7] 01/3/2017 15:20

I think one other avenue that red rock were or are considering is re-applying for the licences under a different company name. Not that it will do them any good.