Goldplat Share Discussion Threads

[camerongd53] 08/10/2017 20:17

Regarding Directors' Shareholdings
Am I correct or is my memory fuzzy but I think on the GDP boards here, it was stated that it was illegal for SA nationals to own shares in non-SA resident companies. I think Dan even said he had evidence that Visagie the FD had secret holdings and was breaking the law.

If I am right that SA nationals cannot hold shares in GDP, there is not much point in discussing this further on this site. Is there??

[kimboy2] 08/10/2017 16:57

Dan, you didn't answer the question.

[1rodson] 08/10/2017 16:49

KB2 you know Dan is not here to defend himself not that there really is need too where a vile vicious loser of a viper is concerned

Dan did call this one it's late ok we all know that and the reason have been given, unlike your dead horse that keeps everything away from its shareholders in pure deception

Please do a DD and be happy in your misery......you are a loser just accept it.

[kimboy2] 08/10/2017 14:26

Dan
I know it can be a terrible burden to see ourselves as others see us. However you are viewed as the most inane and stupid contributor to ADVFN by many. I am sure it would be more if you had contributed to more boards.

Why on earth do you think that your ramping of your latest punt, which lost you money first time if you remember, will convince anyone to waste their hard earned cash?

[1rodson] 08/10/2017 13:53

Unlike Cameron Parry who has ploughed £30000 plus of his own money plus trusts into Lionsgold.

Facts speak for themselves.

PUT LIONSGOLD ON YOUR SCREEN FOR THE COMING WEEKS?

[shareholder7] 08/10/2017 13:24

Don't think you know accounting as much as you think Kimboy

[shareholder7] 08/10/2017 13:24

Stock is valued at cost or net realisable value That's uk accounting standards

[kimboy2] 08/10/2017 13:19

Inventory is at valuation or what they paid for it, whichever is lower.

[shareholder7] 08/10/2017 13:04

My feeling about stock is that is can be any figure the directors what it to beYes there are auditors but how do you value a pile of wasteWe have to trust the directors I think the biggest indication for this company is a total lack of buying by the directorsIf Gerard thinks this is such a good company why has he not bought at today's priceThe new now Exc bought a token amount Directors buying is the best indication of confidence but neither Hansie non Gerard want to go anywhere near itIf Gerard is on 175k what's he spending his money on?If they do buy I will match any purchase they make

[1rodson] 08/10/2017 12:45

I wonder what kick S7 gets out of infesting other BBs with his rather silly and pointless diatribe.

The reason for the lateness in report by LIONSGOLD have been clearly stated. There is no deception or collusion and confusion with LIONSGOLD as you will find here with Goldplat. Even at LIONSGOLD the CEO tenure of office is secure thus giving confidence. While at GOLDPLAT there is the ever present air of uncertainty.

RAMPERING PUMPERS ANS DUMPERS like S7 and KB2 are looking at losing a fortune when GOLDPLAT goes South down possibly to 2p Don't you get caught in this drama as well.

May prove wise to sell.

A good bet, if that's what you want, and a chance to recoup losses could well be a short term punt on LIONSGOLD. for those looking to make a killing.......a longer term punt will do the trick.
No need to thank me, it's a pleasure.

[sea7] 08/10/2017 12:44

shareholder,

Goldplat has about 7.5k ounces, that it has produced and not sold or transferred to client accounts, this is an ongoing, running balance it keeps on hand for its own use.

Sometimes this balance has been as low as a couple of thousand ounces, which it was in 2015, however, it has increased again. This is one of the reasons you will see larger figures on the balance sheet, that make things look a bit worse than they are.

This amount of gold and gold equivalent ounces, (at least 2/3 are gold) is kept by the company as a buffer, so that it can sell when prices are higher, or use to pay some suppliers of feedstock that want gold returned instead of cash. They can effectively pay suppliers a set amount of gold and then process the material at their leisure, having got the supplier to agree to a much lower amount, for an immediate payment.

These ounces do not show up on the balance sheet at a selling price and are in the "precious metals in hand or in process figure". There is about £8.6m in this sub category at this time.

They have also spent £500k more than last year on PPE.

I agree that some of the receivables are long term debts to the company, such as RR and the VAT, however, these do not appear to be impacting day to day business as these debts are between 2 and 4 years old.

The cash and cash equiv figure is actually about £500k more than last year, however, if you subtract the proceeds from the scipion loan it would actually show a drop of around £1m.

[kimboy2] 08/10/2017 12:37

The underlying fact is that GDP is producing £4m of cash flow before working capital, and that includes a loss of £1m at Kili last year.

That money is either spent on investment, working capital or accumulated as cash. Last year it was all three.

Every increase in payables has a corrollary either in receivables or inventories.

On the £1.6m of potential bad debts well Kenya will pay, it is just slow. The RR money is obviously subject to a court case, and then possibly further litigation to extract it out of them.

[1rodson] 08/10/2017 12:29

No you are reading it right on as I deduce much the same figures.

Yet KB2 keeps ramping this share but only through self interest with no regard for others. And if as he professes to be able to read a balance sheet then what he is doing is clearly illegal.

Notwithstanding that he stands to lose many many thousands at today's price, if it falls to 2p as I think it may if more negatives arise, the pathetic vile little person may even get suicidal.

[shareholder7] 08/10/2017 12:06

Just started to look at the balance sheetTrade and other payables up by 5.3mTrade and other receivables up by 5.7mBorrowings up by 1.1mWell we know that 1.3m of debtors is vat and RR which is unlikely to be collected Kimboy you are looking in the wrong place the balance Sheet tells the storyYou only need a few more bad debts and you can see GDP are not paying their creditors because cash is tight The 2.6 m of cash could go tomorrow if they paid their bills Balance sheet looks horrid then look at the cash flowThere is a decrease in cash and cash equivalents from last year of 800kOr am I reading this all wrong

[1rodson] 08/10/2017 10:22

Really is all very entertaining. Reading back awhile I found that Dan, ever perceptive did say that Mr Green was, well basically, an untried opportunist.

It's good to see that Disco Dave has woken up. He could have saved his losses if he was not so pig headed and listened to Miller who has been right about this dead cat all along.

South America should see the demise of Mr Green. Losing to Rand may see the demise of GOLDPLAT, if not the demise an share price OF AROUND 2p

[discodave4] 07/10/2017 21:53

1 372 283 404 17

[kimboy2] 07/10/2017 21:40

There may be 35 companies in the FTSE Allshare and 15 in the FTSE 350 with p/e's of 7 or less.

How many have net cash?

How many are forecast to increase profits substantially this year?

How many have net assets twice market value?

How many have operating cash flow which is 40% of market cap?

I look forward to the list.

[discodave4] 07/10/2017 21:31

There are 35 companies in the FTSE AllShare and 15 in the FTSE350 that have PE's of 7 or less and the vast majority have decent dividends, most offer a better investment case than GDP IMO.You clearly are incapable of accepting anything KB2, you are unbelievable you really are. 1p -45k, ouch, there's blinkered then there's plain stupid.DD

[kimboy2] 07/10/2017 21:25

I am afraid going loopy again doesn't constitute an argument.

[kimboy2] 07/10/2017 21:18

or vice versa.

Downside is 5.7p

Upside is infinity.

[shareholder7] 07/10/2017 21:11

Kimboy 1 p down and you lose 45k

[kimboy2] 07/10/2017 20:19

GDP is on a p/e of 7 for last year's earnings.

If;
1.Kili is at breakeven then it is on a p/e of 4 for this year's earnings.

2. Kili is on course for a £0.7m profit GDP is on a p/e of 3.3 for this year's earnings.

3. In addition if the Ghana elution column makes an additional £0.5m then it is on a p/e of 2.8 for this year's earnings.

We have been told that 1. is true. IMV it is a liklihood that 2 and 3 are true as well.

I look forward to reading about better investments elsewhere.

[discodave4] 07/10/2017 19:41

Agree completely shareholder.This is over valued IMO even on a PE of 7 and zero yield, as you say a lot better investments out there.All the best.DD

[kimboy2] 07/10/2017 18:07

s7
How do you know I am 'sitting on big losses'?

Not that it is relevant to anything whether I am or not, but it is just another unsubstantiated and wrong assumption.