Goldplat Share Discussion Threads

[kimboy2] 25/8/2017 15:20

I would merely point out that Martin Ooi has shares valued at about £1m and is probably sitting on a £400k+ profit.

These shares were acquired while Russman and the rodson/DanMiller doppelgangers were urging all and sundry to sell. No doubt many of those unfortunates who did added to Martin ooi's profits.

However big a player Martin Ooi may or may not be he has certainly shown better judgement than you two.

[russman] 25/8/2017 12:52

I do not know him.Not a big player.

[1rodson] 25/8/2017 12:18

See Martin has bought again and yet there no positive reaction from the market.

My question is does the market class Mrtin as a great big fool with his money as the market has no confidence in GDP but many fools like those here do.

I follow the market as its never wrong.

Potential buyers should look carefully at this negative reaction.

[kimboy2] 25/8/2017 10:00

I see Martin Ooi has bicked up another 1.67 million since February. Clearly happy just to accumulate at these levels.

He is now the biggest shareholder of GDP.

[kimboy2] 24/8/2017 21:12

Not really sure where we are with PGMs or what the size of the market could be. However SA produces nearly as much platinum as gold if that is an indication.

Gerard suggested that the September results would have some info on a steady state production at Kili. Presumably if all is OK they will give the go ahead for stage 3.

The way he talked about the finances for stage 3 sound as though it is a foregone conclusion. He said IIRC that cash costs would be $8-900/oz and AISC would be $1050-1100/oz.

i was expecting something around the $700/oz and $1000/oz AISC. Anyway not long to wait to find out.

[kimboy2] 24/8/2017 18:25

Conference call is on the website.

[sea7] 24/8/2017 15:57

Yep, I can see on some other websites, that p/e ratios are shown, excluding minorities.

[sea7] 24/8/2017 15:40

Conf call,

Werner stated that they will have to re-state accounts to show that the EPS does not include minorities as per the regulations (IAS 33). This has not been the case to date.

[dangersimpson2] 24/8/2017 15:07

Agreed, some director buying post the end of September results announcement would definitely help sentiment at the moment.

[deanowls] 24/8/2017 14:28

Use some of the cash to mop up these shares if they believe it's undervalued, some director buys wouldn't go amiss either.

[russman] 24/8/2017 11:44

Not sure I heard correctly.16k ozs in situ.It was an ample opportunity to state what was in stock/ wip in ozs by "region"

[dinky00] 24/8/2017 09:53

Share price down again, 34% fall since February, gold price gone from $1200 to $1290 in that period. And company updates have been excellent.

[dangersimpson2] 24/8/2017 09:39

Even if the margins are not great it would be good for Goldplat to use their expertise for the Ghana clean-up - mercury leaking into people's water supplies it is not good for anyone. If as well as a positive humanitarian impact it would help develop a further positive government relationship and generate a positive economic return it really would be win-win.

Re: dividend - it's great that shareholder return is on the minds of management - too many small cap miners are about empire building rather than long term economic return to shareholders. I would still prefer they re-invest the capital into the business if there is a clear low risk, high IRR use for the cash.

As Gerard said - we would all prefer the share price to be 10-12p rather than receive a nominal dividend. He has mention that price range before so they clearly feel that range is a fair value at the current stage of business development.

[kimboy2] 24/8/2017 08:46

On this Ghana clean up thing it is obviously some way off, if it ever materialises, but it is in the price for nothing.

They will have to determine the process, which may well be different site to site. The fact that they are doing 'extensive sampling' suggests that they are well on with it.

Once they determine a process they will have to do pilot studies and then examine the finances of such a project. A significant issue is that the plant may be some way from the actual ore so costs could be high.

Perhaps they can get a mobile plant to get some sort of concentrate. They will need another CIL in Ghana though.

Having said that the potential market is huge, certainly in relation to a mkt cap of £10m, and there is a realistic possiblity it will come to something at some stage. Perhaps quicker than we think as I believe the health damage is substantial.

[kimboy2] 23/8/2017 19:00

Gerard seemed to be suggesting that they would hand out the RR money once it has been liberated, assuming it is. This could be ages though.

IMV by the end of this year they will have pretty much completed the bulk of the main investments and have a significant cash flow of £3-4m.

They could hand some over as a dividend or a buyback.

I get the feeling though that these plans are going to be overtaken by events and we are going to be funding the development of a mine.

[dinky00] 23/8/2017 18:10

Sooner the better for a dividend.
There has to be some regard for the shareholders.
It has been a pretty appalling few months for the share price, totally unwarranted in my view, but management needs to do it part to discourage the sellers & bored market makers who love leaning on this share price.

[kimboy2] 23/8/2017 14:47

That makes sense. I am sure that they are buying a fair amount of artisanal material in.

He was also a bit more bullish on the mercury clean up in Ghana and the potential therin. It sounded as though they are doing some work on the methods at the moment, and if they reach a solution it would have wide scale deliverability.

[sea7] 23/8/2017 14:47

The investigation surrounding mercury seems interesting. Could be another line in the future.

[dangersimpson2] 23/8/2017 14:31

He said $2/discovered oz exploration at Kili. I think he said something along the lines as buying in stuff at this level though I didn't properly catch it.

I think they said that they knew the existing property & geology well so they could add extra oz through explo on their existing mine if they needed expansion. Therefore there was no point in buying in explo oz from other areas in Kenya. I think that doesn't exclude them from buying in materials to process e.g. artinasal material if it makes economic sense just explo land isn't in their Kenya strategy.

[kimboy2] 23/8/2017 13:59

There are a number of alternatives on the stock dam. There are plenty of other pits in the area, though there will be costs carting the stuff.

They could also just do it in situ. However through the preferred solution they gain a load of space for their tailings.

I know the land on which they have the stock dam they do not own. I believe that they have surface rights to and it was in addition to the original 20 or 25 ha.

[sea7] 23/8/2017 13:51

16k ozs on site, plus 82k oz in the TSF, gives us a current, in situ asset of c. 100k ozs.

[sea7] 23/8/2017 13:47

west wits 3 pit, next door is delayed and taking longer, Hansie said it should be concluded in the next 12 months, however, if they do not get the pit, then they have plan b,c,d. Plan A, the west pit, is the most economical of the options.

[kimboy2] 23/8/2017 13:42

There was a lot of information there and I didn't keep notes so I look forward to it being on the website.

The good thing about it is that it is not at an introductory level as is a usual presentation, but more detailed.

One or two things I picked out;

They seemed to know precisely how many ozs they had on site - 16kozs.

PGMs looks as though it could be something of a growth area.

Looks as though there are plenty of potential mines about and it is just a question of getting the right deal. Within two years seems to be the expectation.

Not much is going to RR. Presumably only niche stuff they can't get done elsewhere.

They appear to be considering a dividend in the not too distant future.

It looks as though they won't be selling concentrate once the new elution column is up, so they don't need the next South African one. At present at least.

I think be said about $1000/oz AISC for Kili when stage 3 done. At 10kozs that is a cash flow of $2.5m, which is a bit better than I thought.

He said $2/discovered oz exploration at Kili. I think he said something along the lines as buying in stuff at this level though I didn't properly catch it.

Anyway that is what I can remember.