Goldplat Share Discussion Threads

[kimboy2] 20/10/2017 07:56

I guess no one is going to the AGM

I expect the most important thing to look for in the TU will be the performance of Kili. The expectation is that they are going to turn a loss of £1.1m into a profit of £0.7m this year. This would push GDP over £3m profit for the year.

In order to achieve this I reckon they need to be hitting something over 1500ozs at Kili this quarter.

There will also be news on the Ghana elution column. Hopefully it is pretty near completion. The pictures in the AR would suggest it isn't far off.

Once completed this should help profitability but also cash by reducing the length of the pipeline.

I suspect though that the big thing this year could be the project with the Ghana government to clear up the mercury. It clearly has the potential to be bigger than everything else combined, so any update on progress would be welcome.

[1rodson] 19/10/2017 16:28

Capex is a cost AND THEREFORE Kimboy is lost.

[kimboy2] 19/10/2017 16:12

Capex is a cost

[russman] 19/10/2017 14:59

Its a cost curve.

[kimboy2] 19/10/2017 13:46

What period of time are you depreciating the capex over?

[russman] 19/10/2017 13:30

Kili may be above breakeven if you include the artisan junk.Over a year.At Stage 2 AISC about 1500.

[kimboy2] 19/10/2017 09:22

No doubt you will keep us updated about the exciting development of your curve.

Perhaps you could show us your calculations.

[russman] 19/10/2017 09:00

Trying to plot a cost curve for Kili AISC.
Estimate about 2350 last year.
The Stage 2 1150 looks a bit low.

[sea7] 19/10/2017 08:36

Miller/rodson or whatever it calls itself, Is not even worth bothering with anymore. The bloke is a fool.

[1rodson] 19/10/2017 08:07

Good answer KB2 as expected as you can afford the price of the shares being as you are locked onto GOLDPLATT...have a good day LIONSGOLD HOLDERS WILL!

[1rodson] 19/10/2017 07:57

It's not Dan and it is the board as S7 always brings up this great little punt here.

Don't you wish that GDP offered the same potential as LIONSGOLD?

[kimboy2] 18/10/2017 22:38

Wrong bored Dan

[1rodson] 18/10/2017 22:25

please read especially S7 who has no clue nor faith in the might of the lion.

There is money to be made here.


RNS Number : 9813T
Lionsgold Limited
18 October 2017

18 October 2017

Lionsgold Limited

("Lionsgold", "LION" or the "Company")

Fintech Gold Update - Goldbloc

Lionsgold, the gold-focused exploration company with assets in India and Finland, and a fintech subsidiary that provides online accounts backed by physical gold, is pleased to report on its work in developing its offering under its majority owned subsidiary TRAC Technology Ltd ("TRAC") with a view to providing a global digital currency backed by gold ("Goldbloc") (www.goldbloc.com).



Highlights

· Goldbloc aims to provide the convenience and utility of a fiat currency bank account, but representing direct ownership of physical gold by the Goldbloc holder.

· Each Goldbloc unit will represent 1/1,000 of a gram of physical gold (approximately £0.03 based on the current gold spot price) and shall be divisible to two decimal places.

· Goldbloc is the evolution of TRAC's offering of an online physical gold holding and trading account to become a gold-backed digital currency and banking platform.

· To achieve this TRAC has partnered with Railsbank Limited (www.railsbank.com) to integrate its exchange platform and accounts ledger with Railsbank's banking and compliance platform that is designed to connect a global network of partner banks through its proprietary application programming interface ("API").

· Market research on Goldbloc is being conducted during November around the upcoming product(s), services and pricing models, with the initial Goldbloc product scheduled for release by the end of this year.



Cameron Parry, Lionsgold CEO, commented: "We are delighted to be able to announce Goldbloc which we have been developing within Lionsgold's fintech subsidiary. Goldbloc is designed to be used as a gold-backed digital currency and banking platform, to enable individuals to hold their wealth securely in gold and spend their gold with the convenience of everyday banking.



"We are also pleased to report that TRAC's CEO Ralph Hazell is working with Nigel Verdon (founder of Currency Cloud) and his Railsbank co-founder Clive Mitchell and their team to utilise the Railsbank global banking and compliance platform.



"We look forward to providing further updates in regards to Goldbloc over the coming weeks."





About TRAC (trading as The Real Asset Company)

The Real Asset Company enables individuals to buy gold and silver bullion securely and efficiently. The user-friendly platform sits on top of world class global vaulting infrastructure, providing an online account for buying gold and silver and holding precious metals.

Goldbloc is the culmination of ongoing work by TRAC and LION in evolving the original TRAC product offering available via www.therealasset.co.uk and latterly www.indexgold.com. Goldbloc has the potential to enable gold to be used more readily in our daily lives, enable micropayments to be made in gold and allow people to fully utilize gold digitally, with the underlying physical gold owned by the Goldbloc holder.

In July 2017, Lionsgold announced it was increasing to a majority shareholding in TRAC Technology Limited of 55% and in concert with Lionsgold CEO Cameron Parry, holds a total of 60% of the subsidiary.

About Railsbank


Railsbank is a banking and compliance platform that connects together a global network of partner banks with companies who want API access to global banking.


Railsbank simplifies on-boarding companies to our banking partners, then gives access via the Railsbank API to banking services such as creating digital ledgers, connecting digital ledgers to real bank accounts, issuing IBANs for ledgers, receiving money, sending money, converting money (FX), collecting money (direct debit), issuing cards, and managing credit.

[sea7] 18/10/2017 22:08

nope crnd is not distressed, it is toxic!!

matala needs to be proved up further, as it is only indicated and inferred at this time. You know more about matala than I do, however, Iirc it needs around $1150 gold to work.

perhaps they will be looking here...

galane gold.. south Africa/Botswana.





Possible distressed situation with one of their assets.

The Company announced in January 2017 that, at the current stage, the Galaxy Property does not generate positive cash flows and further capital expenditures are required to complete the full commissioning. Mupane continues to generate positive operating cash flows; however, at the current gold price it is insufficient to fully fund commissioning at the Galaxy Property. With the decline in gold price in November 2016 and the continued uncertainty of the price of gold, management of the Company has decided to be prudent and delay full commissioning at the Galaxy Property until the Company has sufficient funds available.
The Company will continue to review this decision and work has already commenced on an expansion plan to take annual production up to 60,000 ounces of gold. It is currently envisaged that the Company will commence a desktop study first, the results of which will then be used to support a pre-feasibility study to be completed within two years

[kimboy2] 18/10/2017 21:37

Well there is central rand but I would touch it with a bargepole. Then there is Matala which is a 30kozs opportunity, if ALO are selling.

I suspect they would as they need cash desperatley.

[sea7] 18/10/2017 21:33

I think Gerard spoke of the 10p price because that would allow a £5m raise under existing authority.

He is looking for a distressed seller. Someone that has a producing mine and needs to sell it to raise cash. A non core asset preferably, which someone will let go of cheaply, as they need cash to support their main business.

question is where?

[kimboy2] 18/10/2017 21:15

I don't think that they are going to issue any shares at 6p. Indeed if they are going to produce £3-4m profits this year then the share price is going to be around 15p if it is still on a p/e of 7.

Indeed the more success the company has, and the greater the disparity of from this with the SP, the more difficult it is to have an equity fundraising.

Gerard has said about getting a 50kozs set up in one go is the best option. However to me it may be better to go for something bitesize producing perhaps something similar to Kili at 10kozs, and avoid an equity fundraise.

[sea7] 18/10/2017 19:47

thinking about it kb, yes, I think it is. I hadn't looked at those types of resolutions for some time.

I forgot about the words "nominal amount" in the text. That would be 50m shares and at todays price of say 6p, they could raise £3m.

[kimboy2] 18/10/2017 19:21

Isn't it £500k of 1p shares i.e. 50m shares

[sea7] 18/10/2017 19:16

So, if Gerard and co wanted to buy a bit of kit and didn't have the cash, they could issue shares through a private placement, which usually means a broker or in some companies cases, a bucket shop, upto £500k in one hit, as shareholders have agreed to this by voting on the resolution.

If Gerard wanted to issue shares which exceeded the £500k authority to buy into a mine or anything else, he would need to put it to shareholder approval iirc

.............corrected in post below..........

[sea7] 18/10/2017 19:13

Exactly the same as resolutions 5 and 6 from last years agm.

pretty standard stuff on a lot of agm statements. The only thing that is usually different is the amounts quoted, as they can be specific to the company.

As a voting shareholder you are simply renewing the authorisation of the BOD to have the power to allot shares etc upto the amount indicated and the way in which they are supposed to approach rights issues and fractional holdings.

If they wish to allot securities over the total amount of £500k, they will need to seek further authority from shareholders iirc

[kimboy2] 18/10/2017 18:11

What does anyone make of resolutions 7 and 8;



Is anyone going to the AGM

[russman] 18/10/2017 17:58

So Kili lost 1m on 3400 ozsWhat do you calc the AISC.