Goldplat Share Discussion Threads

[shareholder7] 04/4/2017 22:26

Thanks DD SoftCat has done well and it's a well run company in the UK without having to spin the roulette wheel every other month when an RNS comes out.I do wish all shareholders of GDP well and could come back in but I think the Grand National next week might be a better investmentCause of Causes

[kimboy2] 04/4/2017 21:29

Well I don't think "RR have honoured the provisions of the contract", nor does the arbitrator.

I have told you why the arbitrator was a metallurgist.

I am not going to tell you how I know. I have told you, but don't believe it if you don't want to. It is clearly common sense.

I don't think Fidelity are selling. Someone was buying up the small sellers.

GDP haven't borrowed $2m at high rates and they haven't pursued gold mining with the loan. It will be used to buy South American material and build the elution column in Ghana.


I would like to think GDP would publish the report but don't suppose they will. I am expecting a good deal more information in the TU.

[discodave4] 04/4/2017 21:28

Agree shareholder, that's why I sold up.......each to their own I suppose.See SCT has done ok for you over the past month or so, congratulations.All the best and good luck.DD

[shareholder7] 04/4/2017 21:12

Must say I am surprised that the share price bounced back up after this news. Might be Fidelity selling more to another party, we shall see if there is an RNS. We are probably looking at well over £1m plus swing if RR wins.Plus all the management time and lawyers fees now being tied up.Then GDP borrows $2m at high rates to pursue gold mining.The RR contract issue was why I sold up only time will tell what happens next.

[discodave4] 04/4/2017 21:04

......."one party refuses to honour the provisions of the contract, or the findings of a jointly agreed independent arbitrator."Spot on, at last we agree!...RR have "honoured the provisions of the contract", thats why RR are pursuing damages, thus they clearly believe that GDP have not "honoured the provisions of the contract". However, there is always the opposite view, the KB2 view.As stated before, the independent arbitrator was a metallurgist, not a lawyer specialising in contract law.Still waiting for you to post up proof that "GDP are not sending any more material to RR".DD

[kimboy2] 04/4/2017 20:38

Thanks very much for that DD4.

I do not quite see how you make a contract 'air tight' when one party refuses to honour the provisions of the contract, or the findings of a jointly agreed independent arbitrator.

[discodave4] 04/4/2017 20:01

ps "Perhaps, if you have an insight into the contract and how one or other has broken it, you could give us the benefit of that knowledge."Only you know everything KB2 and you have already drawn your own conclusion......that it's all rubbish and RR are at fault. I have not posted anything about the details, how could I, nobody knows the details. All I know is RR are now trying to claim for damages and perhaps their full of bull but perhaps they are not. What's blatantly clear to me though is that the contract was not air tight and it should have been (every angle covered in minute detail so no chance of any disagreement or dispute). It should have been managed properly and it clearly wasn't (it should not have become an issue but managed/nipped in the bud asap). Who's to blame for this - GDP not RR. You will not accept any of this and so be it.DD

[discodave4] 04/4/2017 19:50

No personal angle KB2 just posting up facts, the only thing you accept...........BUT clearly only when it suits.Please support your earlier posting as requested, as you said to me numerous times, unless you can support your views and statements then they mean nothing. Have posted my views about the issue with RR until I'm blue in the face, you wouldn't listen when I first flagged my concerns (July last year) and your not prepared to listen now......confirmation bias is a dangerous thing.Good luck, think you will need it.DD

[kimboy2] 04/4/2017 19:12

I don't mind being challenged, in fact I want to be. Could just do without the personal angle.

Perhaps, if you have an insight into the contract and how one or other has broken it, you could give us the benefit of that knowledge.

[kimboy2] 04/4/2017 17:54

I think that is entirely rational and it is never a mistake to close down risk if you are not happy with it - even if the share price goes up in the future.

[ironstorm] 04/4/2017 17:10

I have sold out for now. Though that may be a mistake with news due on Kili.

But this was over 20% of my pension in value and a good profit.

Am going to keep watching here but good luck to all.

[michaelfenton] 04/4/2017 16:03

Kimboy2 - yes the drop in share price on the news has presented a golden opportunity to snap up cheap shares which seems to be happening. I thought about adding some but cash is low.

[kimboy2] 04/4/2017 15:38

Looks like someone is continuing to mop up shares despite the news.

[camerongd53] 04/4/2017 15:07

Was very disappointed with the RNS this morning.
On the facts as presented RR seem stupid. However there may be another side to the story which may come out later. Being now a court case, the truth may come out.
The full story of Demitri's departure has not come out. I was half expecting Demitri selling his shares and buying Kili which could possibly have saved Goldplat a lot of grief in write-offs and cash. Demitri either did not have the confidence to do it or Goldplat would not deal!!
I hope that relationships with RR still remain working. Our management have diversified from single refinery risk from RR. I hope this has not been replaced with single refinery risk with Aurubis!!!
Gerard seems to have done a very good job over the past couple of years and I wish him all the best for our future

[qazwsxedc69] 04/4/2017 14:07

Get help mate. Trust me you need it. Cuba is a poor, underdeveloped dump of a country, but it does have a first rate health care system. I strongly suggest you use it.

[danielmiller1] 04/4/2017 14:06

GoldPlat - gold producer with a difference

YES, IT SURE IS AS IT DOES NOT PRODUCE GOLD BUT MANUFACTURES PLENTY OF PROBLEMS FOR THE SHAREHOLDERS.


THE BOTBOY AND S7, THE GREAT STUPID ONE, SPEAKS AND ALL THE NICE LITTLE GOLDIES NOD THEIR WILLING, ALBEIT EMPTY, LITTLE HEADS IN AGREEMENT...........AND STILL THE share price FALLS LOLOLOLOLOLOLLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOL

[danielmiller1] 04/4/2017 14:00

goldplat TURNING GOLD INTO WASTE.

LOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOL

[kimboy2] 04/4/2017 13:13

Well the early investors, if they read the admissions document, will know that the intention was to be a mining company.

Your 'fronts' aren't fights merely managment of the business. There are clearly competent people in all 3 businesses managing them.

Gerard isn't the only one with mining experience. I presume there are a few in Kili as they seem to have been mining for some years now.

I would expect that contracts like rand get done every week. Hopefully the customers aren't as untrustworthy as RR.

[shareholder7] 04/4/2017 13:07

A number of early investors bought into the company as a recovery operation not a gold exploration companyI am sure Fidelity were one as Russell sold the deal back then when he put Kili on care and maintenance.Now we are a full blow junior miner and Gerard has his head and that's what he knows and this is the big gamble. Get it right company is worth 20p plus get in wrong we are heading backward front number 1 need management focus on Kili and Gerard is the only one with mining experience Ghana getting this sorted front 2South America front 3New refineries and making sure we don't lose another one front 4Legal battle with RR front 5Making sure no more contracts like Rand gets done again front 6Day to day running and raising funds front 7 Gerard is very busy

[kimboy2] 04/4/2017 12:56

What are these fronts that GDP are'fighting' on?

[shareholder7] 04/4/2017 12:51

Agree DD also Green can't do everything and there are too many fronts that we are fighting on to keep a focus on what is happening.Might be one or two more banana skins to come, let's see.