Goldplat Share Discussion Threads

[sea7] 11/4/2017 09:04

I suspect that rand will have updated this since is was done a couple of years ago, however, makes for sloppy procedures on rands part...



Excerpt

Deviations from supplier due to diligence process reflected in Rand Refineries Responsible Gold and Supply Chain, Anti-Money Laundering and Know Your Customer Policies

[kimboy2] 11/4/2017 08:08

Here is a list of LBMA;



They are being added to;



Conditions for membership;



The requirements for listing involve a stringent set of criteria, that include a minimum level of production and tangible net worth, with a rigorous technical assessment to review casting, refining and assaying abilities. To ensure that the high standards are maintained, Accredited Good Delivery refiners are subject to on-going testing under the LBMA's Proactive Monitoring Programme. Refiners who no longer meet our minimum standards, or those that decide to stop producing Good Delivery bars, are transferred to the Former Lists for Gold and Silver.

Not sure how RR would pass any tangible net worth test and their certificate appears to have expired;

[sea7] 11/4/2017 07:38

I am sure that goldplat must use an lbma good delivery list refiner, of which rand is the only one on the African continent. This is the markets way of ensuring, chain of custody and no gold that has come from conflict zones or child labour used can be mixed in, or at least that's what they are trying to achieve.

[camerongd53] 10/4/2017 22:27

Could GRG not use the GC Refinery @ Kotoka rather than ship to Germany or RR (if still processing for us). Would probably improve relationships with locals & gov't in Ghana.

[camerongd53] 10/4/2017 22:20

The scale of this plant is much bigger than Goldplat could justify on its own - the Kotoka plant has capacity of c 150 tons pa whereas Goldplat currently produces 30k ozs which is less than 1 ton.
If other refiners can operate their refineries efficiently so should Goldplat - RR may be the exception.
If a co-op or other structure could be organised with a capacity of say 15 tons pa at a pro rata cost of $11m, we may have a long term project.
There are probably better uses of management time and money than doing this

[danielmiller1] 10/4/2017 22:15

Loll lollipop just making sure you are all on the ball LOLOLOLOLOLOLOLOLOLOL

It's still a dawg though with mounting debt and who knows what court costs there will be.

Lolololoolololololol

[kimboy2] 10/4/2017 21:52

$110m apparently



The problem seems to be running it not building it though.

[camerongd53] 10/4/2017 21:39

Thinking out loud
How practical and or feasible would it be to build a refinery to take over the role undertaken by RR?

If RR is as bad as some suspect, there could be a lot of SA gold cos that would want to hedge their bets on the single refinery risk.
Any guesses what would the cost be?
If the cost were prohibitive a structure similar to RR could be used - or the likes of DRD who are possibly winding down their stake in RR could back it in some minor or major degree

[kimboy2] 10/4/2017 14:21

Paid ramper? This is not atypical where a speculation migrates into fact. You have no proof because there can be no proof, yet it justifies your ignoring facts which do not fit your negative paradigm.

You suggest that there is a cash flow problem. I show you why £7m of free cash is available in H2/17. Best ignore it.

It is suggested that RR is central to GDP's business model. Now it has nothing to do with RR. How can that be?

I said that GDP was withdrawing all business from RR. You called me a liar because you hadn't checked your facts.

Well I will continue to point out what is incorrect.

[kimboy2] 10/4/2017 13:44

What are the expectations?

[kimboy2] 10/4/2017 12:25

What misinformation?

[shareholder7] 10/4/2017 12:22

No regrets Kimb invested in SoftCat at 2.90 got a 17p dividend and now the share price is 4.17 I have leant my lesson like DD and Sea and won't be heading back to the AIM to quickly and feel let down by the misinformation and poor management of GDPBe happy for all shareholders if this goes to 20p but investing is all about taking profits and loses as things can change overnight RR was the tipping point which you and others seem to dismiss as no problem, we will see

[sea7] 10/4/2017 12:11

I think all eyes will be on the presentation they are doing and whether or not we get a trading update shortly before, or on the day, plus the usual marketing presentation that quite often accompanies these events.

Now that Gerard has got the rand matter in public, he can focus on a good presentation and trading update.

[kimboy2] 10/4/2017 11:57

......something will have to give IMO, they cannot afford to deliver on all their plans even with the loan. The RR issue is pivotal to their recovery plans IMO, always was more serious than just an irritant!.

GDP could of course be able to deliver on all their plans. The only question is timescale.

Not aware they have any firm South American contracts in place, still assessing its economic viability I thought...

The loan was to facilitate this by buying the material. It would seem imminent as I believe the loan has been drawn down.

Explains your very balanced view unlike KimB who has far too many shares and just looks for good news

Remains to be seen if I have too many shares. As for just looking for good news most of my time on these boards is just countering misinformation.

There seems to be a growing group of regretful sellers accumulating on this board. I am hopeful that after the Q3/17 announcement and the presentation that they will be increasing their regrets.

Lots of potentially positive developments that could be announced. We shall see.

[sea7] 10/4/2017 10:11

dd,

I like to think of it like this,

Had my first investment been a winner and I banked great profits, my confidence would have been much higher and I may have had to stomach a much bigger loss later on, due to over confidence.

As it was, getting burned like that on the first one, gave me the air of caution needed and I learnt really quick from it, how costly it can be in this game if things go wrong.

[sea7] 10/4/2017 10:08

dd,

My first investment was a loss as well. I did loads of research, bought In below cash and then they had a takeover blocked, which would have generated decent profits for me, I sold at a loss and the stock was subsequently wound up, after directors were accused of insider trading. They suspended trading and you had to apply to them in Israel if you wanted your money back. Thankfully I had sold on the open market before suspension.

It proved to me that, no matter how good your research, there can always be some unexpected piece of news to ruin the investment. I am still learning as well and always will be, what I learnt from that was to always bank some profits along the way and be ready to take the hit if needed.

I may be optimistic in nature, however, I am sceptical and pessimistic with it!!!

[sea7] 10/4/2017 10:02

Hi shareholder,

tks, I think we've all been there, especially with aim stocks, seeing great profits emerge when the share price rises, only for them to evaporate rapidly and you end up kicking yourself for not banking a bit of it.

I learnt that lesson some time ago, the hard way like everyone else!!!

[discodave4] 10/4/2017 10:01

S7Well played, free carry can't get better than that!.Hindsight investment is fantastic, but wish I had not bought in here as my first investment - picked completely the wrong time, and the wrong company tbh (despite my research was still very green), should have gone a lot safer and learnt the ropes - still learning!.All the best.DD

[sea7] 10/4/2017 09:59

Kilimapesa hill is being mined and has 13143 ozs in the measured category
red ray has 48319 ozs in the measured category.

This gives just over 61k ozs in the measured category.

The rest is indicated and inferred.

On the licence SL91B in lolgorien, there is teng-teng which they getting into. some results have been 15-20g/t

I have not heard much on vim/rutha or alpha ray.

The licence also contains:

blue ray mine - the largest of the known mineralised locations
Caldwell mine
Masarura Mine
Embitir Workings
kili hill was not exploited during colonial times.

what they said in 2007...

Goldplat plc would like to clarify that the joint venture holds the rights to develop the gold potential of the ten targets, amounting to a total area of approximately 14 sq km, selected by Goldplat and referred to in the announcement within the Lolgorien licence area in the historically producing Migori Archaean Greenstone Belt in western Kenya.


The entire known mineralised target package in this area extends the length of the licence (15 km) and has an estimated width of approximately 1 km.

Gerard knows all this and will be looking at it more closely when the current capex programme there is complete.

[shareholder7] 10/4/2017 09:57

Thanks for sharing Sea and well doneExplains your very balanced view unlike KimB who has far too many shares and just looks for good news

[sea7] 10/4/2017 09:38

DD,

No they do not have any firm contracts in SA as far as I know, they are still proving this up, although what they have done has been profitable.

Top slicing,

I have managed my holding, by buying/selling specific amounts as the stock hit prices to the upside and downside. I am now in a position whereby I have reduced the size of the position, however, it is a free carry, which is still in the hundreds of thousands of shares. All my initial capital and some profit is off the table.

For the record I did this before the rand refinery rns came out recently. I was buying heavily in the 2's and 3's, a bit at 1.75 and some at 4p/5p. The highest price I paid was 7.73p in November 2013. During the recent run up into the 6's and 7's I sold a fair bit into that before the volume dried up, so I could put this part of my investment strategy into play.

The size of my position at one point was way too much to sell in one go. It took a few months of targeted trading to achieve the desired objective. Goldplat is historically an illiquid, thin market stock and you can not usually exit large positions easily. A good investment it may be, however, in this market, position sizing is as important. No good having profits if you cannot realise them!!!

I have completely derisked, banked some profits, preserved my initial capital and am ready to buy in if the price drops for any daft reason. As I said, my current holding cost me nothing and it allows me to capture some upside as well as keeping cash ready for buying ops to the downside.

[shareholder7] 10/4/2017 09:18

Drilling at Kili Not sure of this info but from my understanding the low hanging fruit has and is being mined and it's shallow so easy to get atThe better grade is deeper and requires more skill and equipment and that's the danger Might be wrong here but Kili has not been properly assessed as to where the best grades can be found At the moment Kili is classified as an artisan mine

[discodave4] 10/4/2017 09:09

..............your second para is everything in the garden is rosey. :)Not aware they have any firm South American contracts in place, still assessing its economic viability I thought, as you say the TSF is way behind schedule, getting any JV's or investment partners for mining has dried up........won't mention the RR word!.Let's hope your right and you do ok here..........are you not tempted to top slice a bit though? (don't have to answer that, none of my business really).DD