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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Goldplat Plc | LSE:GDP | London | Ordinary Share | GB00B0HCWM45 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 8.00 | 7.80 | 8.20 | 8.00 | 8.00 | 8.00 | 81,823 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Gold Ores | 41.88M | 2.8M | 0.0167 | 4.79 | 13.42M |
Date | Subject | Author | Discuss |
---|---|---|---|
04/4/2017 08:41 | Tks Kb for the vsa view. Yep you are correct, Goldplat are not sending any more material to rand until this has been sorted. | sea7 | |
04/4/2017 08:39 | As rand changed their payment and credit terms recently, the use of alternative refiners may have a longer pipeline, however, the time it takes to get paid, will likely be unaffected based on rands alteration to payment/credit terms. | sea7 | |
04/4/2017 08:37 | Kimboy you are well informed Where did you find that GDP are not sending material to RR? | shareholder7 | |
04/4/2017 08:35 | VSA view; Goldplat (LON:GDP) has provided an update on the dispute with Rand Refinery relating to a batch of by-product material treated in 2016. Although the results of the Independent review support GDP’s position, in the company’s view, the Rand Refinery have not accepted the findings of the report. Consequently, GDP will now take the dispute to court. The disputed sum owed to GDP is ZAR13.5m (£640k at time of the original announcement although with the weaker pound this is now valued at around £780k). Much of GDP’s focus in the past 12 to 18 months has been to reduce its single refiner risk by sending material to Aurubis, a European refinery, as well as the five-fold increase in elution capacity in South Africa. Therefore whilst disappointing we believe that the strong operational turnaround, as well as the recently secured US$2m loan mean that GDP is in a robust operational and working capital position, minimising any potential negative impact. Indeed, we expect no material operational impact and we continue to expect GDP to receive the full amount and a negative resolution remains unlikely, in our view. We reiterate our Buy recommendation and 12.2p/sh. target price. | kimboy2 | |
04/4/2017 08:31 | Goldplat deals with a lot of material from Rands shareholders, that they themselves cannot economically process and are required to by their environmental obligations. They will continue to ship waste material to goldplat as they are not going to damage their own operations over an issue between goldplat and their refinery. | sea7 | |
04/4/2017 08:27 | Don't really see what contracts have got to do with it. The contract was clear enough to the independent examiner and RR won't/can't pay. GDP are not sending any more material to RR. The costs of sending the material to other refiners are in some cases cheaper. While the pipeline is longer the payment terms are quicker. The shareholders of RR are supplying material as usual. The view is that they have such large issues with RR that they wouldn't even notice this dispute. Q3/17 update on 24th April. | kimboy2 | |
04/4/2017 08:25 | The question that I would like to see answered, is that despite the report looking favourably on Goldplat's conduct and handling of the contract, why would rand expect Goldplat to pay it some money to make the issue go away. What angle are they attempting to play. Has the person at rand that is dealing with this issue, simply tried to bully goldplat. We will need to scour information from rands shareholder updates to see if anything different is said over the coming days/weeks and months. | sea7 | |
04/4/2017 08:17 | It's such a shame but this is what I feared and the repercussions of this are just not know yet.The accounts now need to have a provision put in as anything that is not collectible within a year has to be provided for.Not only is this debt potentially bad but there is a now a counter claim.Will Rand take business from GDP going forward, especially as they are being sued, unlikely now.What will other customers (Shareholders of RR) now think about sending materials to GDP There are always 2 sides to every argument but what DD was saying is true. A good contracts manager and contract would not have allowed this to happen. Also are there other contacts out there going bad.Banana skin has arrived | shareholder7 | |
04/4/2017 07:50 | Unbelievable. They expected Goldplat to pay them some money to make an issue go away that they created by not paying Goldplat the money in the first place. You couldn't make it up. Well, Gerard did not make any mention of the ongoing business relationship with Rand, that being the use of the same day refining service, so we must assume that this is continuing as before and the invoice dispute is in its own isolated area. I am expecting Gerard to up the program on elution capacity and further the use of alternative refiners. The cost here is the increased amount of time to turnaround concentrate and any additional transport costs. | sea7 | |
04/4/2017 07:43 | Oh dear oh dear me looks like rand has GDL by the short and curlies, just like Dan said they would and man it looks like they ain't gonna let go. Ecpevt the share price to crash just a bit on this news. Also punters beware now as this issue is deeper than those on the other GDP ZThread would want you to believe. Already this morning the BOTBOY has its knickers in a twist.......please go there and take a look! Not the stock to be putting your money into until this mess is well and truly sorted. Over to the terrible twins there are bound to be damage limitation comments. Lolololololololololo | danielmiller1 | |
04/4/2017 07:33 | The risk just increased in GDP! RR dispute will be quite a drag going forward until we know exactly what it means for business in SA! Annoying to say the least. | pog1234 | |
04/4/2017 07:18 | Well that doesn't surprise me. It has been clear for some time that RR are completely incompetent. RR has been the source of most of GDP's problems and hopefully now they are completely out of the equation. IMV the second elution column in South Africa has probably moved up the priority list. I thought it was interesting they said; expect to report further progress following the drawdown of the recently secured loan facility. It looks as though they have started buying material from South America if they have drawndown the loan. | kimboy2 | |
03/4/2017 19:41 | Nice try miller, the hook doesn't work here. Just because you have made a fool of yourself on every board you have been on, it doesn't mean you have to try and drag everyone else down to your infantile level. | sea7 | |
03/4/2017 19:38 | LOLOLOLOLO JUST ADMIT IT STUPID ONE....YOU ARE RUNNING SCARED LOLOLOLOLOLO | danielmiller1 | |
03/4/2017 17:35 | Two share price falls today! Is this the start of the expected downslide! Dan called it right again! Lolololololololololo | danielmiller1 | |
03/4/2017 17:32 | It's you who needs to grow up Stupid one. Do you seriously think a nationally known and respect stockbroker would be party to anything not above board? My power of attorney again drawn up by a respected firm of lawyers will open my account to you appointed lawyers. All that's lacking now is your money in Escrow! Come on Stupid one please don't keep me waiting. | danielmiller1 | |
03/4/2017 16:00 | A bit drastic though KB. | sea7 | |
03/4/2017 15:39 | A war in Korea against the Chinese would be great news for gold. Let's hope we will be alive to collect. | kimboy2 | |
03/4/2017 13:56 | rubbish S7, rubbish it looks to me like you bottle has gone if you ever had any in the first place. As we are talking money what I suggest if that I stand back here. Give my brokers details to your layers and let them handle it. Meanwhile, money stays in escrow...winner takes all OK no danger of fabrication here is there. come on man lets get it done. | danielmiller1 | |
03/4/2017 13:28 | Yep, that's the next share price trigger - the update at kili. | sea7 | |
03/4/2017 13:27 | Miller, it is a waste of time, anyone can fabricate a contract note, it isn't difficult. Based on that knowledge, there would be no point having you post up contract notes, as they would have been created to say what you want them to say. The whole exercise would be pointless, which incidentally, is the same as your post...pointless. | sea7 | |
03/4/2017 11:47 | Still seems to be someone sccoping the pool. Should only be 3 weeks to Q3 update which should be good and give us a push to a new level. | kimboy2 |
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