Goldplat Share Discussion Threads

[kimboy2] 14/7/2017 10:02

Sea
He said that the recovery operations 'were better off than having a mine', not quite that we were better off without one.

History is history though. The fact is that the recovery operations are quite likely to throw off a fair amount of cash and, unlike Manolis, they have looked after the bread and butter operations.

It is also the case that there are a lot of resources about which are cash starved and unable to come into production. I would be happy if they took something low risk, where they could leverage existing skills and potentially increase profits substantially.

No exploration projects like Manolis did. Something proven and virtually shovel ready.

[1rodson] 14/7/2017 09:55

However you interpret Brian he will always have a great big question mark hanging over his head as the person responsible for issuing misleading info to the market then driving the company to the wall and then picking up a bunch of cheap shares all at the expense of shareholders.

Is it any wonder the market is suspicious of GDP

[shareholder7] 14/7/2017 09:54

Thanks Sea this is where I started my journey with GDPSomeone once said to look into the future you need to look at the past Interesting video

[kimboy2] 14/7/2017 09:52

"We are looking at mines in Burkina Faso and Ghana. Ghana in particular is very easy to do business in these days, we have a very good relationship with the ministry of mines. They're welcomming us with open arms. We haven't been asked for bribes."

That is not quite "Interesting if you watch this Brian does not like Kili due to having to pay bribes".

[sea7] 14/7/2017 09:48

shareholder, a much better indication of Brians dislike of having a mine at goldplat is shown here at between 14.55mins and 15.25 mins.



He states that he feels we are better off without a mine. This also gives a hint of the boardroom bust ups that were to come in 2012, just under a year later.

[shareholder7] 14/7/2017 09:43

He said it, watch from 4 .08 minutes " we have not been asked for bribes it's much easier to do business in west Africa" which could mean they had been at KiliThe body language simply told you how he hated Kili and this was probably why Demetri went.Brian was key to getting it closed down along with Lamming Now if there were some bribery issues this would have been the best way to stop it, by closing down Kili With Gerard at the helm Kili is in full swing but Brian clearly intimated that you need to bribe in East Africa.If there was anything going on then how do you account for bribes ? How would the FD at the time provide for this in the accounts I am not implying anything, as it was not my video, make your own mind up

[kimboy2] 14/7/2017 09:37

Yes possibly optimistic but then I haven't included stage 3 of Kili which may be done by then, or the benefit of this South American material. Obviously it is feedstock for Ghana operations to keep them at full bore, but I suspect that they are getting it at a very good price as well.

[wigwammer] 14/7/2017 09:28

"That will mean that by Christmas GDP will be doing something like an annualised £5m profit."Quite right kb, although perhaps somewhat on the optimistic side.It was once controversially alleged that there is a relationship between rising profits and share price movements.

[wigwammer] 14/7/2017 09:26

"Big difference wigwamer is that you have never owned any shares in Softcat so you have no interest"Yet you have an interest here, in a stock you once owned, but now do not, and you tirelessly repeat the same concerns (regardless of the answers given to you).I should be thankful my life is abundant with more fulfilling distractions.

[kimboy2] 14/7/2017 09:25

Russman
I see that not only does everyone who owns a share create an overhang but now people who have unexercised options also create an overhang.

I also noticed that when an institution recently wanted to buy in they forced the price up significantly because they couldn't get hold of the shares they wanted.

[kimboy2] 14/7/2017 09:20

Ah right he said it in body laguage rather than actual words.

The point about Kili was it is relatively small compared to the ambition to create a mid tier miner, and still is, though now profitable.

[shareholder7] 14/7/2017 09:11

Think you need to watch the video to the end and watch the body language too, clearly hates Kili He said doing business is easier in west Africa as you don't need to pay bribes He liked Burkina Faso much better than Kili for gold mining and yes bribes was mentioned if you want to do business in KenyaMaybe you should email Gerard and confirmation that no bribes have ever been paid

[russman] 14/7/2017 09:10

I forgot the final third of the 11m share options vested on 1 July.
That is quite an overhang.

[kimboy2] 14/7/2017 09:09

DanMiller/rodson you were touting the company was bust when it went down to 1.75p and have predicted none of the rise since.

The one thing that is certain is that if it ever reaches 20p you will claim to have predicted it and made money out of it.

[kimboy2] 14/7/2017 09:05

Brian did not say he didn't like Kili because of the bribery

[1rodson] 14/7/2017 08:53

PS I believe that it was Dan who said some time back when Kimboy was touting an share price of 10 that GDP was heading for the 6s before falling further.

And where is it today.......really makes one laugh.

Of course you can understand Kimboy and S7 with their fortunes tied up here and little hope of the share price getting back to their buying in price!

This is why they keep ramping this dead horse.

PUNTERS BEWARE THE TRACK RECORD OF GDP SPEAKS FOR ITSELF!

[1rodson] 14/7/2017 08:47

You really have to laugh at the posters here who are basically confirming what Dan Miller said over five years ago when he advised getting out at 11p.

He said then and it obviously applies today GDP IS JUST ONE BIG MESS MOVING FROM BUNGLE TO BUNGLED UP.

PUNTERES BEWARE!

If these clots still think I am Mr Miller or he is me then shock time is coming, idiots always get revealed as being so.

[shareholder7] 14/7/2017 08:45

Big difference wigwamer is that you have never owned any shares in Softcat so you have no interest I am interested in GDP because I had been a long term shareholder and believed all the bull that the directors put out https://youtu.be/lz0GGJdtbx0Interesting if you watch this Brian does not like Kili due to having to pay bribesNow I can't remember seeing anything that says that only existing shareholders can post here and only existing shareholders can post positive newsThe reason why I told you about sct is that I have not lost money overall so I am not bitter I am just very interested in how this is going to pan out There should really be an independent person on the board of GDP, just like what has happened in SA. I think if you were a fly on the wall you might get a different impression of the company and its issues at a board meeting.To date only Brian has left from the original management and clearly he did not like Kili due to the corruption in Kenya. Wonder if we have a banana skin or two to there.Be interesting to see who is in the money here, from the posts it looks like three people but remember it's paper money not realised.If a bribe is found to have been paid in Kenya then the share price would be hit hard, as well as fines. And of course we are still waiting for the RR issues to be resolved.Great post by Sea as always very balanced

[kimboy2] 14/7/2017 07:33

The profits, excluding minorities was, as KB says £742k for the six months. This gives a p/e at the interim stage of 14.2, based on todays share price and annualised, it gives a p/e of 7.1

Since the interims they have of course finished stage 1 and 2 at Kili which will add about £2m to an annualised figure from the interims. They are also constructing the elution column in Ghana which will also add £1-1.5m to the bottom line.

That will mean that by Christmas GDP will be doing something like an annualised £5m profit.

Whether you happen to think that the inventories don't really exist, or that the RR dispute will trump any profits or think whatever Dan/rodson 'thinks' this is going to happen.

We will see how the share price will react to that once it happens and is visible in the numbers.

[sea7] 13/7/2017 21:57

In the last 30 days, gold in us$ is down 3.79%, in rand it is flat. Goldplats stock has reduced 7%. Running ahead of the goldprice, however, that is standard for the miners to lead the price down.

The profits, excluding minorities was, as KB says £742k for the six months. This gives a p/e at the interim stage of 14.2, based on todays share price and annualised, it gives a p/e of 7.1

Goldplat, historically has always, bar one or two exceptions, traded in the 5 to 7 p/e range.

With sentiment towards gold, weak, it is reflected across the miners, so Goldplat being down is no surprise as well.

Do I see further weakness, yep, I do and I also expect miners to come under further pressure, at least for a while.

Goldplat has the ability to ride out storms better than a lot due to the nature of its recovery ops and the current price isn't reflecting the expected enhanced returns at y/e.

The company does have 82k oz in the TSF according to the jorc statement and they will still have many thousands of ounces in the stockpiles. Back in 2013 it was 28k oz and whilst I expect this to be slightly less now, they need the stockpiles to keep the business going, so they will not be extinguished completely.

Other negatives we have at this time are the uncertainties surrounding the new mining charter in South Africa, although its impact on Goldplat is likely to be limited, the 10% ceding of kili to the Kenyan authorities, although this may
not necessarily be for free, as is the case with those granted licences after may 2016. Then there is the finishing off the exit from the CIL ops in Ghana, clean up and of course the rand refinery case which is hanging around in the background, albeit quietly at the moment, however, it will be front and centre soon enough, once it finishes in the court room.

I still think the positives outweigh the negatives here, however, sentiment towards the sector is giving the bears the upper hand.

[wigwammer] 13/7/2017 21:22

DD - excellent work.Shareholder7 - congratulations. I don't own softcat. I'm sure softcat carries risks you are aware of. I won't be visiting the softcat board and endlessly repeating what those risks are.

[kimboy2] 13/7/2017 21:19

If Fidelity had bought a load more at 2p, as they could have done, they would be well into profit by now.

The fact is at the interims GDP produced £742k profit. This puts it on a p/e of around 6.

The question isn't whether the present share price is a good guide to future SP, but whether the interim profit is a good guide to future profits.

I don't think it is, but its a difference of opinion that makes a horse race.

[shareholder7] 13/7/2017 21:11

Sold GDP bought Softcat at 280 got a 17p divi, sold at 4.20 and bought back in at 3.80 Hope it works out for you, but there are more losers out there than people in profitFidelity are still sitting on a very big loss

[discodave4] 13/7/2017 21:10

Facts:13/7/16 bid 5.5p13/7/17 bid 6.25p (1 year +13%)

[wigwammer] 13/7/2017 21:05

"You only make profits if you sell"Or lock in losses - which you have.