Goldplat Share Discussion Threads

[shareholder7] 07/10/2017 17:48

DD good thanks GDP, gold and silver have been a poor investment compared to the stock market in general over the last three years. Just to head off Kimboy very few got into GDP at 2p and the last block of Demetri's shares where sold at 4pMost shareholders are showing a loss here, Fidelity being the largest I got out of GDP and reinvested in Softcat and Silver and thank goodness for Softcat as it has recovered my losses but silver is still down I think long term the market must be heading for a crash as US and U.K. stocks are far too highThis is what attracted to me to GDP as well as all the great hype by previous and existing management However like you, I knew little about what I was investing in, I think I now know a great deal about GDPPeople that crunch numbers can't see the wood from the trees and today I would not touch this share for all the reasons we have discussed It's just far too risky and there is so much better opportunities elsewhere with less risk I watch with interest and agree Gerard is on borrowed time Share holders don't care about what a great performance GDP has done they look at the share price and it's not great reading from when Green took over.Kimboy is sitting on big losses and one day he could wake up to see it all disappear, just by one more banana skin that is sure to come GDP's way

[discodave4] 07/10/2017 14:41

shareholderHow's things?, good I hope.Agree as you know on RR, am surprised at some people's business / commercial and real world naivety here, but hey ho, not my worry anymore.Appears it's easier to bury ones head in the sand and stick to endless "what if's" and number crunching rather than pragmatically taking onboard a dose of reality or an opposing view - pffft, perish the thought!.All the best.DD

[kimboy2] 07/10/2017 14:29

I am not going to be dragged into this fruitless RR stuff again, except to point out that production was at record levels last year.

As for cash I would also note that operating cash flow, before working capital, was £4m last year. It is expected to be higher this year.

[russman] 07/10/2017 14:16

Read the resolutions on the agm notice.

[shareholder7] 07/10/2017 14:16

DD and me totally aligned In do think Gerard is under pressure and job is on the line One piece of bad news now will tip this share back over the cliff I think their biggest worry is cash but can't be bothered to go thorough the balance sheet and undress it Cash at a point of time is meaningless, as you can run up the creditors and pull in your debtors for year endBut as Sea pointed out, the vat from Kenya will take forever to get and with RR this makes a big hole in cashAlso GDP is a very capital intensive business and they will need to start replacing other stuff soonNever like deprecation in the accounts as it does not provide for replacing equipment just writing off what you haveSinking fund is better and would expose the balance sheet I am sure there is a lot of creative accounting, especially inter company transactions that the minority shareholders in SA are concerned withTo me GDP was set up for RR to buy or to work as a close partner, once this has gone GDP is in troubleI like DD think you have all underestimated this, the RR issues and the fall out is much much bigger than people think Existing shareholders are all very brave staying in here but wish you all the very best

[discodave4] 07/10/2017 13:28

Sea7,It's taken me a while to appreciate how to make money investing and you as ever have expressed it quite eloquently - you need to be forward looking and ahead of the game, unfortunately my first dip was here at GDP and my timing was appalling! (was completely green!)........getting better at it now."the matter will be forgotten"..........IMO it won't, trust takes only a moment to break but in business an age to gain back.DDps Good luck with you're investments too. No TA but think if this goes below support (c 5p) then 4p is likely.

[sea7] 07/10/2017 13:16

From the point of view of the business, the rand refinery issue, will be dealt with and it will be put to bed, once and for all. The matter will be forgotten, relations will thaw and business will continue. Goldplat has since had a few ad hoc jobs sent to rand despite the issues that persist.

Everything always affects the share price, as a lot of it is sentiment, as you know. A dispute knocks confidence and subsequently the shareprice, no one can deny that.

From my perspective, the reasons I was buying goldplat in late 2013 and for the subsequent couple of years afterwards, are no longer valid. I was buying precisely because of the issues they were having, which created a value proposition.
Those issues have all been sorted out and the rise in the share price reflects that.
I booked profits around the 7p mark.

They have new issues at hand and coupled with sector sentiment, is dragging the price down again. It is setting up for a new entry point and a whole new set of reasons to invest.

All the issues Golplat has, are again, surmountable and it will emerge to continue onwards, the main drivers for investing this time are not the issues, but the upward trajectory of the business in the longer term. There is a good chance the stock will fall further as I have indicated and I am waiting for that drop again.

Gl in your stocks DD.

[discodave4] 07/10/2017 13:06

Thanks S7,No doubt you will time you're trade well yet again. Interesting that you do now seem to be accepting of the fact that the RR issue has had a part to play in the share price action........pity others didn't at the time, or even now. I still believe it will also impact the future a lot more than most (apart from Shareholder).All the best.DD

[discodave4] 07/10/2017 12:54

Jam : TSF, RR resolution, Mining (past, present, future), South America.As for Kili, how much have they thrown down that hole and how much bottom line profit has it returned and how much will it need to continue to return to recover costs - just like GDP not a viable investment case IMO.

[sea7] 07/10/2017 12:46

Hi dd,

In my view, despite all the positives going on at goldplat, which are supportive of the share price, the bearish sentiment is the driver for the short term. These are..

interest rate hike - December
fear sentiment low - gold dropping back to the level of 60 days ago
indices putting in new highs - confident markets.

rand refinery issue - not affecting business, however, is litigation and a lot will not buy a stock with litigation underway, especially, illiquid, aim stocks with a torrid few years behind it.

No share price triggers to expect, apart from elution column - no interest in the stock.

Goldplats historic pe range is 5-7, we were at 7.5, the share price has dropped, we are now at 7.09. Momentum or swing traders see this and will not buy into it as it has more risk to the downside from a historical perspective, despite kili not really in the numbers.

Kenyan state ownership not finalised yet, only indicative of 10% ceding.
South African ownership expected to go to 30% -not finalised and other matters on the charter to consider.

In my view the stock is approaching buying territory again, however, a decent sized market correction is looming with all the highs put in of late, so goldplat, will go down with it, however, will be first out of the traps, as all gold miners will be on safe haven buying, as gold moves up after the event.

I am not a buyer of the stock at this time, not because of any fundamental issues at the company, but because of wider considerations that affect the stock, but not fundamental to its existence.

There is a case for this to be between 4.75 and 5.25 on the above and classic boredom selling.

[kimboy2] 07/10/2017 12:44

IMV it wouldn't be interesting even if it were true, which it isn't of course.

[discodave4] 07/10/2017 12:27

GKG is going to get the sack!, interesting that a holder thinks that and a non holder meant he will walk on his own volition.....mmmmm interesting.

[kimboy2] 07/10/2017 12:13

Hi DD
If you think;
1. the shares are sold off as a result of the RR issue
2. the court decision will go against GDP
3. the share price will fall further
4. contracts from South America will not be successful
5. everything else (presumably the Ghana elution column, increase in profitability at Kili etc) is just jam tomorrow
6. The 140% increase in operating profit for 2017 is a 'failure to deliver'
7. Gerard will be sacked soon

can be derived from the share price action, rather than some inconvenient facts, then I would suggest that it is you who is suffering from confirmation bias.

[discodave4] 07/10/2017 11:58

Hi sea7,Do respect you a lot so I will apologise up front..........GKG has no skin in the game as I'm not aware he has put his hand in his deep pockets a bought a single share, taking options handed to you is hardly skin in the game IMO. Also, remuneration committees, do you honestly believe Directors, especially CEO's, have zero influence!.......they say what they want and one way or another they get it if the business values their services, otherwise they vote with their feet and walk.Not having a pop just don't agree with you're views on these points.Hope all is well and good luck (take it you are still sitting on you're hands here after selling up? - tell me to mind my own business if you like).DD

[sea7] 07/10/2017 10:03

If the staff are not correctly remunerated and incentivised, then you run the risk of them simply doing the job in a lifestyle fashion and not really bothering about innovation, creativity and any other value accretive actions.

Gerard could simply sit back, allow the business to tick over, generating some profits, which keeps him in a job and his colleagues and pay scant regard to the shareholders, which is the standard board of fare for a lot of AIM companies.

Gerard has skin in the game and I would only be annoyed if he opted for a cashless exercise on his options and by that I mean exercise them, sell them and the pocket the difference, without having to pay any cash up front to do it.

[russman] 07/10/2017 09:37

Gerard is on a base salary of 175k.
He was awarded 8m options at 3.125p
As you point out.
It is his job; I am only a shareholder

[1rodson] 07/10/2017 05:00

This thing Kimboy gets more despicable with each post spread his vile evilness over on to other BBs. Private email demonstrate others know what is game is.

Kimboy it's best if you take DD's advice.

[sea7] 06/10/2017 22:02

russman,

Apart from sitting behind your screen and making comments, what "value accretive" contributions have you made regarding goldplats turnaround and day to day business activities.

Gerard and the others, have got up everyday, gone into work and made this turnaround happen. You have not, that is why they have been awarded options in addition to their pay deals.

You will note that no director is involved in deciding his own remuneration.

So, before you cast aspersions on the efforts of the directors, think about what they have achieved, whilst you have sat there and done precisely f^^k all.

[russman] 06/10/2017 21:48

Awarding yourselves options is not "value accretive" to existing shareholder.

[kimboy2] 06/10/2017 20:20

GSK has 8 million options and I don't begrudge him it tbh. Firstly he has done a pretty good job of pulling the comapny round.

Secondly it is likely, if things go well, that he will earn more from the options than his actual salary. That should keep him focussed on the share price rather than just empire building.

I did however notice that they are reviewing the executive remuneration policy. Hopefully that will be linked to the share price as well.

[sea7] 06/10/2017 17:04

I am sure you can work that out for yourself from the AR russman.