Goldplat Share Discussion Threads

[kimboy2] 04/7/2017 19:09

Well with all three plants profitable I think that the jam factory can be said to be producing.

Indeed once stage 3 has been completed at Kili they will have an operation that has turned a £600k loss into a profit of £1.5m.

Given this will have been achieved for a capital expenditure of £2m is IMV exceptional, and way beyond expectations at the beginning of the year.

Jam today and even more jam tomorrow is what I think you meant to say.

[sea7] 04/7/2017 10:38

With some posters on here, it is half baked twitter style posts with no substance, no backing and woefully inaccurate.

[russman] 04/7/2017 10:34

With GDP it is always Jam tomorrow.
Never Jam today

[kimboy2] 04/7/2017 08:27

Hi Dan
Seems to me fairly obvious where the profits are going. However if you look at the accounts cash flow;

2013 2014 2015 2016 H1/17 TotalOperating profit 2.96 -0.601 -0.277 1.591 1.633 5.306 Inventories 0.087 -0.651 -2.639 -0.02 -3.972 -7.195Receivables 1.104 -0.027 1.481 -2.95 -2.625 -3.017Payables -2.17 1.97 1.574 3.579 4.841 9.794Provisions -0.047 -0.005 -0.008 0.244 0.062 0.246 Interest -0.049 -0.403 0.164 0.77 0.325 0.807Taxes -0.87 0.187 -0.076 -0.342 -0.138 -1.247 Investment -2.076 -0.977 -1.008 -1.227 -1.189 -6.477 Financing -1.142 -0.4 -0.036 -0.219 -0.158 -1.955 +/- in cash -2.211 -0.907 -0.825 1.426 -1.221 -3.738 Cash at y/e 2.362 1.455 0.63 2.056 0.835





If you take inventories, receivables and payables as cancelling each other out then the cash flow has gone into investments, basically.

[1rodson] 03/7/2017 15:29

Trying to be fair and balanced I have been reading the other thread, you know the RAMPERS and PUMPERS and DUMPERS thread where they ban anyone who dares question.

Anyway there can only be one conclusion and that is after all these years this company is still in one hell of a cash strapped mess. I wonder why they keep taking on staff seeing as they are so short of cash.

Where has all the money gone.

I am sure That the top heavy invested Kimboy will put his two bits in to try to explain.

Old Dan was right all along.

[1rodson] 03/7/2017 14:22

Dan never filtered anyone neither will I if Yorker porky keeps baning people there will only be the PUMPER and Dumpers keeping this dead horse half on its feet.

Any news of Dan returning as it will be fun when he does and will be another nail in the know alls coffin.

Meanwhile Miller may not be here but his call on this useless share is still ringing true....down, yet again today with further falls in the pipe line.

Rand will have its day!

[kimboy2] 03/7/2017 11:34

Hi Shareholder
Thanks for your thoughts.

GDP having to go to South America is questionable as there is plenty on material in SA but they are not getting it, and would now need to ship it to Germany now if they did.

As I understand it the material they are getting from South America is going to Ghana at the moment. Shipping to Germany does not appear to be too much of a problem at present, but will be a decreasing problem with the elution capacity.

GDP need cash and if you have ever run your own business you will know just how quickly you can burn through this

They need cash for investment and are generating it. Perhaps £3-4m this year, which is not bad for an £11m company.

Gerard want a rights issue at around 10 so I can see some creative accounting to maybe get them close but the RR issue hangs over their heads

They clearly do not need a rights issue for present activities. Indeed the present investment cycle may be coming to an end in the next 18mths and the question will arise what do they spend the free cash flow on.

IMV they are looking for a mine, which may need a fundraising.

As for RR, well you know my views on that. GDP can operate perfectly well without RR

[sea7] 03/7/2017 10:55

There weren't to many shareholder. When the price was 1.75p on the offer, I bought one small chunk at 1.75p and there were two other small trades at 1.71p. They were the lowest priced trades for goldplat in its history. I remember it well, as I thought I had the lowest buy, however, two others bought marginally lower. The price started its rise from that day in july 2015 to 8p, before settling back at 7p, excluding this mornings drop.

[kimboy2] 02/7/2017 22:35

Well thanks to Dan and DiscoDave for their no doubt sage analysis and advice. I am afraid we are just going to have to agree to differ.

[1rodson] 02/7/2017 10:44

Looks like they ban anyone who disagrees with their herd thickos and introspective mentality......so what's new.

Looks like DD once a staunch herd member had to learn the hard way.

It's all in the share price and that's only gong Down!

[kimboy2] 02/7/2017 09:50

The Alecto re-admission document is imminent and they are said to be assessing various funding alternatives for Matala. I would be a bit surprised if GDP didn't have something on the table for consideration.

We shall soon see.

[pog1234] 01/7/2017 10:13

Shareholder/Kim,
Many thanks for your thoughts on the RR dispute. Most appreciated.

[discodave4] 30/6/2017 23:37

ShareholderExcellent post on the KB2 thread regarding the impact of the RR issue.......however certain posters confirmation bias combined with an ego to match will no doubt attempt to dismiss any such views as being complete bolder dash!.........think it's OCD related tbh.Hope all is well.DDps made me laugh, yorgi, an alleged paid ramper, had the brass neck to ban me from his ramping thread, wtf.

[1rodson] 30/6/2017 16:48

You can't fool people all the time, some of the time yes all of the time NO!

No a single buy today despite all the ramping of the two resident PUMPERS and DUMPERS.

BUT PUNTERS BEWARE THEY ARE ONLY TAKING A REST.....THEY HAVE BEEN AT THIS GAME FOR A LONG TIME AND PLAY IT WELL...very well,

Best let the facts be your best guide and if you read them right you will think hard over investing, or should that be wasting, your money here.

Very expensive to send stuff to Germany.

A competent CEO would look to the long term, swallow pride, patch things up and get on with doing good business.....and making some money for looooong suffffffering shareholders.

[1rodson] 30/6/2017 15:14

RAMPERS away ramp all you wish but facts are emerging to show just how precarious the position of this dead horse is.

What Dan did say was this, with no embellishment. ...This is no longer a share to buy and hold as all confidence has been lost, day trade it now for quick returns.

I too bought at just over 2 and sold at 5p.

So no big deal there.

[sea7] 30/6/2017 14:29

They only managed to come up with some sort of solution to this last December, whereby they ended their 97 year hand pouring process. No wonder they had problems themselves.

[sea7] 30/6/2017 14:22

rand had other issues to contend with as well...

In February 2016, a number of LGD bars were returned to Rand Refinery after being found to be ‘non-good’ delivery bars by a vault in London. The reasons for the rejections were cited as non-compliance with the visual guidelines, with the bars having buttons and plug-like defects. The visual guidelines were introduced by the LBMA in late 2015. It must be noted that buttons and plug-like defects were a historical defect at Rand Refinery, with at least 50% of all LGD bars produced showing this defect. Internally, there was also a problem with layering and this was a further challenge for which a solution was already being sought.

At the time, the order book for Rand Refinery was predominantly made up of LGD bars and the change in the visual guidelines therefore had a major negative impact on the business model. These included reputational damage, gold lock-up, increased costs due to rework, impact on the pouring team due to the high rework rate as well as the risk of missing customer orders. At least 5 tons of material needed to be converted weekly and, with a reject rate of greater than 60% due to zero tolerance of these defects, a solution had to be found as a matter of priority.