Goldplat Share Discussion Threads

[sea7] 31/8/2017 16:07

yep, the less concentrate the better. Things go from a 5 month pipeline, to a few days bullion service.

Gerard did say that it appeared to be the goldplat way, by getting things done cheaply and effectively.

[kimboy2] 31/8/2017 16:00

The main point for me was that once the Ghana elution is up they won't be selling concentrate any more. That solves a lot of problems as well as earning more.

One thing they aren't often given credit for is how cheaply they get the new capacity built for.

[sea7] 31/8/2017 14:54

The next elution column no longer has all the ancillary parts, as they used them all up on the installation of the first column in Benoni.

In order to make use of this next one, they would need to get all the other bits for it.

It is not sat there as unutilised capex, as the first one has already paid for itself and the overall cost to Goldplat, when they purchased it from DRD.

This is why they have purchased that second hand elution column, complete, to install in Ghana, as it was cheaper than sourcing the bits and then putting it together.

The growth phase is moving along, albeit hampered by the drawn out process on west pit 3, however, they will get there.

[1rodson] 31/8/2017 12:30

I see Dan Miller's predictions for the dead Horse known as Goldplat is riding high as it falls yet again.

Punters beware they are now ramping again on the other GDP BBs.....they never learn.

[russman] 31/8/2017 09:28

Minorities should be excluded from the basic eps calc.

[kimboy2] 30/8/2017 19:54

There seems to be international momentum behind the mercury clean up. The Minamata Convention obliges the government to reduce the use of mercury and protect children from the effects.

The company said that they were doing extensive sampling and in the CC Gerard said, IIRC, that contracts were being discussed with the Ghana Government. I get the impression that some financial details have already been settled.

I would expect some of the artisanals have pretty poor recovery rates so there should potentially be some economic sites.

It is in the price for nothing at the moment, but clearly could become a major item. Another iron in the fire I suppose.

[sea7] 30/8/2017 17:11

ahh miller, taking a break from the filth you are posting on the "I'm voting ukip" thread.

[1rodson] 30/8/2017 16:51

punters beware of S7 and Kimboy

They have unremittingly ramped this old flogged horse of a share to death and it has got nowhere.

Meanwhile, THEY HAVE BEEN PUMPING AND DUMPING AND S7 has admitted ramPing it up then taking profits as pu8nters pile in only to find the share price has fallen back.

There are so many stuck in this while s7 and KIMBOY laugh at them on the way to the bank...BEWARE

[kimboy2] 30/8/2017 11:14

One thing he said in the CC was that the elution column isn't fully utilised in South Africa. That means that they won't need the next elution column, in South Africa at least.

This probably adds up as they think that 3 tonne elution in Ghana will more than do 15kozs pa, then a 7 tonne capability in South Africa will do the job.

One side effect is that they will be a minimal necessity to use RR. I believe that they may only be using them for a small amount of niche stuff, possibly with uranium.

[1rodson] 29/8/2017 14:06

I was wondering if I was Dan, Rod or Martin but definitely not a Kim lolololololo

[sea7] 29/8/2017 14:02

Talking of martin ooi holding..

I see that 4.97% is indirectly held through HSDL nominees, with references to Martin ooi, Citibank and Hargreaves lansdown as below notifiable theresholds for voting rights.

[sea7] 29/8/2017 13:50

He has a decent paper profit at this time. A position of that size, into an illiquid market like goldplat's will not be easy to offload.

He will be holding for a long time to come.

[russman] 29/8/2017 13:41

Good luck to him in retirement.Not exactly a portfolio.

[dangersimpson2] 29/8/2017 12:54

Yeah there was a quick mention of it on the call if you listen again. Gerard's line went down briefly during the call and the CFO took the opportunity to clarify that they would restate the EPS to the correct IAS33 standard on minority interests.

[kimboy2] 29/8/2017 11:21

They did mention it in the CC and said that there was going to be a prior year correction.

[camerongd53] 29/8/2017 11:10

Market seems irrational at the moment

The price of GDP followed gold down over the last few months but as the price of gold is now over $1300 GDP's share price is nearly as low as it has been for several months.

There is the now usual talk of the market generally being overvalued (major article in latest Investors Chronicle) and this may be affecting sentiment. If such a set back takes place I would hope that the increase in GDP's profitability would support the share price from a major fall

The update phonein last week was more than acceptable but could have been better but it is clear that GDP although facing challenges is in a better position strategically than it has been for years.

The results due next month could be a catalyst for a re-rating for the shares.

I raised the issue of the incorrect calculation of EPS - it would have been nice to have had an acknowledgement from the company!!

[ntv] 29/8/2017 09:25

lol, and they are not,nothing under 6p available

[kimboy2] 29/8/2017 09:21

The problem with that argument is that you are being rational.

[ntv] 29/8/2017 09:15

NK can't control it's missiles,I am sure one will land in china soon and things will then chage
Trump got enough on his plate at home
best let NK get on with it's war play and ignore them
the fuss you you make the more they lap it up

[kimboy2] 29/8/2017 09:08

See Kim Jong Un is doing his bit for the gold price.

A missile over Japan is worth $30/oz on the price of gold apparently. I would have thought it more than that. I would expect Trump's response will add a bit more once the fool wakes up.

[kimboy2] 29/8/2017 09:04

Just to be clear Martin ooi's buys can be clearly seen in the RNSs. He wasn't buying at 12/14p but at much lower levels.

He is £400k in profit, which would have happened if he had followed DanMiller/rodson.

There are no doubt many of us that are well in profit.

[qazwsxedc69] 29/8/2017 08:56

Hey Rodson - heads up. The reason you followed him, is because you are one and the same person.

[1rodson] 26/8/2017 16:34

I don't think so Marin was buying at 12/14.as you both were!

Miller cold at 11p and I followed him.

[kimboy2] 26/8/2017 08:49

The mains electricity supply to Kili should just about be completed by now. Fuel costs something like 10% I think of a gold miner's total costs. If we are going to be producing at something like 10kozs then that is a $1m bill.

Also noticed this;


A Kenyan official said Sunday that the country plans to reduce the cost of electricity by 47 per cent in the next three years amid increased power generation from cheaper sources.

Principal Secretary for Energy and Petroleum Joseph Njoroge said the electricity producer, Kenya Power, is implementing a countrywide operation to upgrade the power network ahead of the expected additional generation capacity.

"The ongoing power project is all about making it easier to do business in Kenya, it’s about creating opportunities and jobs for all Kenyans," Njoroge said in Thika, about 60 km east of the Kenyan capital Nairobi.

Seems as though it was a good time to get on mains power.

[sea7] 25/8/2017 15:53

definitely kb.