Goldplat Share Discussion Threads

[russman] 19/9/2017 09:57

This Auramet balance of 6.3m.
Is it classed as a sale or a loan.

[discodave4] 18/9/2017 21:19

S7Wish you good luck if you're still holding.DD

[sea7] 18/9/2017 19:31

Hi DD,

I booked good profits above this price.

They have done really well in the results, however, there are, as usual some negatives to note.

They have plenty to do and we will have to wait until the interims in march to get some idea of the true impact of kilimapesa's profitable status.

Managements focus is shifting towards a mining acquisition, that much is clear. They are likely to complete the elution column in Ghana and a few other things, then we will only see sustaining capex on the recovery plants for a while.

[discodave4] 18/9/2017 19:16

Hi S7,Hope all is well with you........see you are still playing with the psycho Miller!, unbelievable that he thinks nobody knows who he is!, needs help IMO.Anyway, noticed the price increase, not read the results tbh, no offence but not too interested, this is still lower than when I sold 6 months ago......and dare I say it the bid at close is the same as it was on the day of the RR news 11th (I think it was) July last year.No doubt you have timed this spot on again S7 and I wish you well here, just not for me!..........zero faith in their managerial capabilities following you know what.All the best.DD

[sea7] 18/9/2017 18:54

vsa have been out every time. I take most of what brokers say with a pinch of salt.

[dangersimpson2] 18/9/2017 18:21

yeah plenty of chance for a beat next year if all goes to plan. I guess they have been guided to be conservative so that the company can gradually build market confidence in their ability to over-deliver. 17p 12 month Price Target says what they really think though! I know a house broker is paid to put on rose tinted spectacles but 178% 12 month upside is out of the range of where a broker normally goes when they simply want to keep the company management happy.

[kimboy2] 18/9/2017 17:40

The VSA report is available;



I notice they have increased their target price to 17p.

They have increased their ridiculous profit forecast for next year by 60%. They say post tax attributable will be £1.815m

IMV if you take the £1.348m pat produced last year, then add perhaps £1.5m turnaround at Kili and £0.5m from 6 months elution at Ghana, you get about £3.4m.

Anyway things looking good with lots of irons in various fires.

[1rodson] 18/9/2017 14:47

spread reflects the danger of buying now.

[kimboy2] 18/9/2017 14:29

I also thought that the increase in RR payment days from 14 to 90 was interesting. IMV they are short of cash, which may well explain the whole non payment issue.

The CEO probably doesn't fancy going back to the shareholders saying he needs another dollop of cash.

[russman] 18/9/2017 14:27

The balance sheet still needs a lot of work.Cash could get sucked into wip.How long does it take to process this junk.Auramet takes 90 days to settle.6.3m against inventory.

[kimboy2] 18/9/2017 13:58

The Ghana artisanal industry is said to employ about 1 million directly and 4 times as many indirectly, and said to produce 30-50% of Ghana's gold production.

Clearly if a contract was obtained to start clearing these mines then that would be a a substantial project for GDP.

In addition;
1. tailings reprocessing will yield 40kozs at taxed attributable profit of £13m over a few years

2. Kili will turn from a loss of £1.1m to a profit of £1.5m once stage 3 is completed

3. Elution column in Ghana will increase profit by £1 - £1.5m

Then there is some sort of mining acquisition in the pipeline.

[sea7] 18/9/2017 13:28

he comments on a possible startup this financial year for clean ups in artisanal areas.

[sea7] 18/9/2017 13:18

tks kb - I will take a look.

[kimboy2] 18/9/2017 13:16

Gerard is on proactive.

He says that the Ghana clean up could be starting this year if it stacks up. i am not sure how much artisanal mining there is in Ghana but I think he said they were sampling all the sites.

[sea7] 18/9/2017 13:16

anyway, I am bored of talking to a muppet like you, that spends his time grinding an axe and trolling boards, instead of making investments.

I'm putting you back on filter miller, as you are boring me.

[sea7] 18/9/2017 13:11

Lets just recap shall we miller,

I bought heavily between 2007 and 2012, I then sold at 14p and booked a good profit.

You were bragging about your buys at 15.65p and 16.5p, claiming it was going to 30p and beyond. All your bragging posts are on these boards for all to see. I was out before it hit the high and subsequently dropped to 1.63p at the mid.

I profited, you lost heavily.

I was buying heavily under 5p, you were bitter as hell, telling everyone to sell.
The stock rose and I sold loads between 6 and 7.4p, the stock rose to 8p before retreating to where it is today.

I profited again and you are still whining about your losses from 5 years ago and you haven't made a penny since.

Muppet.

[sea7] 18/9/2017 13:04

rodson, you are miller, you were posting here before, you were calling it a buy at 16.5p, saying it was going to 30p and you were wrong. These posts are not widely read, as you only post drivel. No one cares about you miller.

you lost miller and just cannot accept the fact. All your lying posts are there for all to see.

it doesn't matter what name you post under, a liar is a liar.

[1rodson] 18/9/2017 12:56

KIMBOY now that you have been rumbled as a know-nothing seeing as you were the biggest advocate to get KILI dumped....you want to close the BB....pathetic.

Dan Miller had you sussed all along.....now you should apologise and there will be nothing more to be said....will there?

[1rodson] 18/9/2017 12:53

you may assume that but don't forget the South American gamble and the Rand issue will hold the share price in check for some time to come

Also, there is the inherent market distrust of the company

[sea7] 18/9/2017 12:53

note gerards comment...

Goldplat recognises that growth from recovery operations will be slower and more difficult than the potential to grow the mining business.

..........

Reading between the lines here, that means that once the elution column is in at the tema plant, along with other items being installed, they will be reverting to sustaining capex only for the time being.

Focus will be on kili and another mining venture, at least that is how I see it.

[shill10] 18/9/2017 12:51

so for clarity, if we assume that Kili breaks even FV18 and all other performances are replicated from FV17 (all super-conservative c w the guidance in todays results) then GDP is trading on a forward P/E of below 5 - wow.

[1rodson] 18/9/2017 12:42

I don't post here for the sake of you ramping mutts ever trying to preserve your capital. I post for others to see.

These posts are widely read and come up on some search engines thereby giving an enlightened balanced view for all to study.

If punters had just listened to the pumping and dumping of s7 and kimboy over the years they would have lost big time.