Goldplat Share Discussion Threads

[1rodson] 21/6/2017 12:58

Punters beware.....THE PUMPING HAS ALREADY STARTED!

[kimboy2] 21/6/2017 11:41

The numbers should start to grind out here. The £700k loss on Kili at the interims will be a £700k annual profit going forward, and £1.5m once they get stage 3 done.

Then there is a £1-1.5m profit from the Ghana elution column.

It looks as though they will be doubling up on capex with the Ghana elution column and stage 3 at kili going ahead at the same time.

Only looks like the additional elution at Benoni to complete the present capex agenda.

[sea7] 21/6/2017 10:54

kb

I have received a response from Gerard, he said that the old plant was on grid power, however, the new plant wasn't. The kenya electric company have been upgrading infrastructure in the local area and their switchover to new kit has been hard work for kilimapesa gold with use of generators on some days to offset the effect of this.

The connection to the grid for the new plant and the new infrastructure online from the Kenyan electric company, will ensure that kili has less days on diesel generators and subsequently less cost.

[sea7] 21/6/2017 10:49

yep, they will be finalising numbers for y/e, they will know the state of play. We will get an update in july I expect.

[discodave4] 21/6/2017 10:31

Morning sea7.It is a milestone with Kili so fair play to GKG and the team.Call me a cynic, but had noticed no update on SA, buttering up the market today with all the good news prior to next month's trading update!.Will the 2017 charter have any impact?Have a good day.DD

[sea7] 21/6/2017 09:52

Looks as though they have finally dragged kili into profitability after ten years and a week of it being in existence. They have achieved what manolis and co. could not.

They should never have started it off, however, we are at the point of declaring first profitability there so it is a milestone, nonetheless.

The south Africa operation was noticeable by its absence from that update, so it will be interesting to see if we get something separate on it.

Overall it seems as though things are going fine at this time.

[discodave4] 21/6/2017 09:44

Just read the RNS (need to cancel the alert!), all seems positive operationally.So, in line with market expectations: 0.65p eps, PE8x, share price 5.2p.Be interesting though to see what year end numbers actually pan out to be..........and some news on RR!.DD

[sea7] 21/6/2017 09:02

As the kili mine should be operating profitably now, with stage 2 up and running, it will be the first time since the j/v was announced on June 13th 2007 that the project is profitable. It only took 10 years and a week to achieve.

Gerard and the team have done a great job getting this mine to where it is, as it was a lifeless dog under manolis and lamming. Manolis should never have started it off, however, they have managed to salvage success from the jaws of defeat, whereas manolis just bailed out and walked off.

All credit to them.

[1rodson] 21/6/2017 08:22

Let's talk facts as they are all here.

The greatest exponents for dumping Kilimapasa at any costs were KIMBOY and SEA7.

They relentless criticised Manolis for what they claimed. "Lumbering GDP with a millstone around its neck. They praised the incompetent MORITIZ team for taking no action and thereby not incurring further costs.

Practically every other post the both of these PUMPERS and DUMPERS made included the words KILI was a mistake and should be dumped immediately.

ONLY DAN MILLER, to the best of my knowledge read the mining geology reports and supported Manolis' decision of the purchasing of KILI, while openly condemning the useless incompetance of the MORITIZ regime.

So please all those with dead brain like inclinations here do Santa Rod a big favour keep knocking Dan while he is not here, and continue to support the chief know all clowns, the ACE PUMPERS and DUMPERS who have costs do many of you so much......KIMBOY and SEA7

I will be garaunteed a chuckle the next time I read here posted by drones of course..............GOOD INFORMATIVE POST KIMBOY and/or SEA7 etc

Gerard Kisbey-Green, Goldplat CEO commented. "Kilimapesa is now operating profitably and at the increased rates targeted for Stage Two. This, together with continued steady and positive progress in South America, means the overall performance of the Group remains positive and in line with market expectations. Looking closer at South Africa, as we do not expect the new 2017 Charter to have a significant impact on our business, GPR will leave the ongoing negotiation process in the hands of the Chamber of Mines and the larger industry players, and we will continue to focus on issues over which we have more direct control, including continued focus on increasing operational efficiencies and ultimately profitability."

[sea7] 21/6/2017 08:18

interim results to end December 2010...

Furthermore the mine is now connected to grid power, which significantly reduces the dependence on expensive diesel generators and will reduce the operating costs of the mine. We anticipate that these actions will have a positive impact on the mine's operating costs.

............

Hence my request for clarification

[kimboy2] 21/6/2017 08:08

The original RNS said;
National Electricity Grid reaches the Kilimapesa gold mining project

I presume it wasn't connected for some reason. Possibly the connection payment was deemed too much in 2010.

[sea7] 21/6/2017 07:58

Now they need to find a new home for the other 4 tonne plant.

Gerard referred to a switch to grid power, however, this was communicated in an ops update back in august 2010 stating that grid power had reached the mine and kilimapesa would no longer rely on generators.

I have emailed Gerard to clarify this, as I was under the impression that the whole project ran on grid power already, with exception of the new plant, as I had not heard anything on it. He referenced the old plant in this part as well, which is what got my attention.

[kimboy2] 21/6/2017 07:38

Yes it sounds as thought they paid as much for the whole scmozzle as they would for the bits and pieces with the system.they had already bought

The good thing is it will be up and running by December.

It looks as though the decision on stage 3 has in effect been taken with them building the second 200tpd mill. This should be done by the end of the year hopefully.

Also looks as though the South American contacts are going well. I presume that they are building a stockpile in Ghana.

All pretty much as expected and looks good IMV

[sea7] 21/6/2017 07:28

Rns out - small op update.

Looks as though they have changed tack and bought a modular 3 tonne elution column, second hand in SA and shipping it to Ghana, should be in place by December.

[sea7] 20/6/2017 20:02

Profiling Hansie...

[sea7] 20/6/2017 12:27

yep, none of this progress is reflected yet.

[kimboy2] 20/6/2017 12:14

Yes the 60tpd of stage 1 just about got us to break even, or a bit better. The intial material was I believe lower grade though they did announce in the op update that they were getting some artisanal material.

The extra 60tpd from stage 2 should put Kili well into profit.

Then there is stage 3 of course.

[sea7] 20/6/2017 10:56

in the april update Gerard stated "continued reduction In losses at kilimapesa"

This article is dated 5th May and they reference "turned it around to achieve profitability"

good sign in my view.

[sea7] 20/6/2017 10:48

mining mag have run an article on kili, however, I cannot access it.



I can only see the following...

How Goldplat has turned around the Kilimapesa project to achieve profitability

[sea7] 20/6/2017 10:42

yep, one thing that will hold price rises back is the fact that the current p/e is shown as 12.77. When the next set of results are published which show the increases in profitability which we are expecting, then it will take a higher share price than the one we currently have to show a p/e of 12.77 again.

[kimboy2] 20/6/2017 10:39

I think anything between announcements is just noise and sentiment. Surprisingly GDP seems to operate a very tight ship informationwise.

Having said that I think it is significantly undervalued in view of information already released, but I would wouldn't I.

Still waiting for the Kili 2 crusher news. I suspect we may be getting a wider RNS about the Ghana elution and capex.

[sea7] 20/6/2017 09:29

volume has picked up a bit today. Despite advfn not displaying non order book trades, I can see from another site that we are at 235,370 buys against 2,450 sells.

[sea7] 19/6/2017 15:50

Despite the LSE not displaying non order book trades today, due to an issue they are having, there have been 103992 shares traded so far today, all showing as buys.

[sea7] 19/6/2017 15:06

yep, most SA miners sold off on the back of that charter, which will now be mired in talk, debate and court room time, to ensure that it is watered down or dragged out.

As we can see, goldplat is fairly insulated from it, by still having the same bee partner.