Goldplat Share Discussion Threads

[kimboy2] 16/3/2017 21:16

I tend to view it as revenues and costs in local currency and take movements against the pound into effect then if that degree of preciseness is required.

The price of gold in the local currency, which is a mixture of gold price and dollar/local currency, is more important than the relationship with the pound as profits are geared to this.

The relationship with the value of the pound is not geared.

[sea7] 16/3/2017 20:46

kb,

I was working on the principal that whilst local operating costs are in the local currency, most of goldplats revenues are either in dollars or linked to dollars, so that when the dollar is strong against local currencies, as it is now and there hasn't been a corresponding decrease in the dollar price of gold, then this yields higher revenues and generally lower production costs in sterling terms. As the business is moving in the right direction now, the share price in my view is moving up to reflect the underlying improvements and currency conditions.

If we start to see dollar weakness against local currencies and no increase in the price of gold, then the operating costs in sterling will generally increase and we will see this reflected in the share price coming under pressure.

[kimboy2] 16/3/2017 20:19

Thanks ds2

S7 The gold price in terms of the Kenyan shilling has not been particularly variable;

hxxps://www.goldbroker.com/charts/gold-price/kes

Not as much as the rand, though the main point is that the price of gold will have a direct effect on our own mined gold whereas it can be mitigated at Benoni. We are not sure how much will be purchased artisanal gold yet of course.

The main effect on kili is stage one which is producing at 60tpd and turns a £712k interim loss into breakeven. This will add about 1p to annual eps compared with H1/17.

Then there is another 60tpd to come in April. It may already be constructed and they are into the commissioning. ISTR the commissioning for stage 1 took 6 weeks.

Anyway things seem to be happening.

[sea7] 16/3/2017 20:15

Miller you have been saying that ever since the stock bottomed out at 1.75p and has climbed ever since. In July 2015 the stock was 1.75p, today it touched 8p, which is just under 360% rise. In all that time, you have been trolling this board with your continual prophecies of doom. The business has strengthened and the work done to date is bearing fruit. The fact that it cost 360% more this morning to buy stock than it did 20 months ago, is a testament to the work done.

I accept the fact that there is still a lot to do, before the market will have restored its full confidence in goldplat, however, the performance of the business and the reflection in the stock price shows that things are heading in the right direction now.

If the rand issue, the delays and tax issues weren't hanging around like bad smells, then I would say that the price would be higher.

Despite everything, you still hawk this board like a harbinger of doom. Why.

[mrmoneybags123] 16/3/2017 20:10

It's interesting to me that people who have closed their positions still hang around these boards.

[discodave4] 16/3/2017 19:59

KB2You posted complete bull that you cannot substantiate so I'm challenging you. Like you keep saying, if you can't support your posts with facts then don't be surprised if they are challenged. You would never accept my opinion that the share price had/is being held back due to the RR issue, despite the BoD also saying such, then you post utter rubbish about the contracts and when asked to post up proof you dismiss it in a thrice - your a complete hypocrite.You have never accepted other posters views either, particularly if they do not align with yours. As soon as anybody disagrees with your posts you jump on them like a ton of bricks.I have always respected your knowledge and said so many times, but I will not stand back and let you get away with posting what you did about me. Not only were you damn right rude but you have been disrespectful and arrogant with it.DD

[sea7] 16/3/2017 19:57

We should also take into consideration that as gold has moved up 2% in dollar terms, kilimapesa is not the drag it used to be, therefore we should see those losses dwindle to nothing soon enough and the fact that weaker sterling should show higher returns for goldplat once the figures are converted to sterling, should also make for a stronger share price.

We touched 8p on the offer today and that has not been seen since mid 2013.

[dangersimpson2] 16/3/2017 19:48

KB, Your thoughts are always appreciated, thanks for sharing them.

[danielmiller1] 16/3/2017 19:46

Like Dan said there is a dump coming and its started today.......down again.

This dawgie just can't hold its gains lolololololo

Beware punters you will lose here!

Lololololololololololololololo

[kimboy2] 16/3/2017 19:33

DD4
No I can't reveal sources. It would however be sufficient for you to produce incontrovertible evidence of the contrary. That would settle any discussion.

It is not a material point anyway.

I do a bit of work on GDP and put up here what I know, what I believe and various projections and analysis for free in the hope of getting some information or analysis back.

Apart from a few notable exeptions I don't get a lot back. Indeed I am now being pursued by 3 fruitcakes who seem to take it as a personal vendetta.

Not sure it is worth the bother tbh.

[discodave4] 16/3/2017 19:11

Still waiting for you to post up proof of:"They have not changed the terms of any current contracts. They have changed the terms of future contracts from the standard of the past."Now RR are going to buy GDP!........pmsl.Pot kettle black.

[sea7] 16/3/2017 16:40

Gerard indicated doing a fund raise at 10 or more.

Perhaps we are simply seeing a concerted effort to get to that price, to raise the equity as stated.

The business is doing better, so I would not be surprised to see a push towards 10p

[dangersimpson2] 16/3/2017 16:00

The RR dispute resolution just isn't that material to the company even if you include any value of the business relationship vs straight cash benefit.

I wouldn't have thought a bid at this time would be successful unless it included significant premium value for the operational progress the company has made in the last year or so. I'm sure 15p+ would be recommended but any cheeky bid would be unlikely to be accepted by the board or long term shareholders IMO.

[ironstorm] 16/3/2017 14:34

It is most unusual for this share.

You don't think . . . no it couldn't be, could it . . . the RR dispute has been resolved and its leaked?????

Tho I would prefer even the 15p cash offer ;-)

[danielmiller1] 16/3/2017 14:08

beware suckers there is a big dump coming. lolololololololololololololololololo

[baronet] 16/3/2017 14:05

.15 pence cash offer ?

[pog1234] 16/3/2017 14:00

Something going on? Share price shows surprising strength!

[sea7] 15/3/2017 13:56

Me neither, a sudden rush of volume

[dangersimpson2] 15/3/2017 13:33

Tipped somewhere? I can't remember the last time we had 41 trades in GDP by lunchtime!

[danielmiller1] 15/3/2017 12:56

LOLOLOLOLOLOLOL MUST BE LOOKING THE OTHER WAY

[wigwammer] 15/3/2017 11:16

Even though it has held onto gains and hit new highs repeatedly over the last 18 months - don't be fooled! 'Tis but a flesh wound to crazeee dan.https://youtu.be/zKhEw7nD9C4