Goldplat Share Discussion Threads

[michaelfenton] 17/12/2017 08:06

Yes indeed there are many distressed assets about because programmes that require large capital expenditure have to pay too high a price and consequently fold. GDP have their eyes open.

[kimboy2] 16/12/2017 20:54

Indeed but I suspect that there are a good few distressed assets about.

[sea7] 16/12/2017 20:26

distressed assets.

[kimboy2] 15/12/2017 21:49

Yes there was something else last week which is not directly relevant to GDP, and that is an acquisition by WTI.

WTI are basically an insolvent copper producer that are surviving on the goodwill of its creditors. However it announced an acquisition for about £3m of a resource of 578kt of copper on which about £22m had been spent on exploration in Zambia.

Don't know what needs to be spent to get it into production, and clearly not suitable for GDP, but shows the potential value that is out there.

[sea7] 15/12/2017 20:50

yep - Gerard used to chair the "investing in african mining" conference when he was with standard bank back in 2009. He was the managing director, mining and metals client coverage.

Just that one seminar had 136 participants, listening to mining and tech presentations. with the likes of Mark Bristow from randgold giving the keynote speech.

Definitely got the contacts, has Gerard.

[kimboy2] 15/12/2017 20:40

I suspect he is known to Gerard as they seemed to arrive at about the same time.

It appears to be his only investment, at least notifiable in London. Presumably in his previous existence as an analyst and banking etc he had plenty of opportunties to meet M&A types.

[1rodson] 15/12/2017 08:55

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[1rodson] 15/12/2017 08:54

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[sea7] 15/12/2017 08:51

I guess he could be the same martin ooi who is senior analyst in M and A at kpmg, although that is a guess.

[kimboy2] 15/12/2017 08:38

Martin Ooi has called GDP pretty much right. He first appeared with a 3% holding in November 14 probably buying around 3.5p. He kept buying as it went down and on the way back up.

He is probably sitting on quite a nice profit of £0.5m.

Does anyone know who he is?

[1rodson] 14/12/2017 22:35

Looks a much better prospect than GOLDPLONKER Stephen 2010

[1rodson] 14/12/2017 22:29

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[stephen2010] 14/12/2017 22:23

ALBA currently trading at 0.39p target price 6p making a nice 15 bagger. Please read the following:

MARKET CAP PUZZLE
❖ Alba (market cap £8.4m) is in a resources neighbourhood populated with listed
companies with much enhanced market capitalisations, such as UKOG.L (£134m) and
JAY.L (£172m). With either shared project interests or adjacent tenements to these
companies, Alba should trade at a much higher valuation than its current token value.
Like Bluejay, Alba owns 100% of its ilmenite project. Direct comparisons with UKOG
are also instructive. While both companies own other projects, UKOG’s 49.9% of Horse
Hill Developments Limited (HHDL), when compared to Alba’s 18.1% means that Alba
has approximately one third of the value of Horse Hill compared to UKOG but only
about 7% of the market capitalisation. Once the market recognises these disparities,
the room for growth in Alba’s share price is undeniable.

VALUATION RATIONALE - Our valuation in this First Equity Limited initiation note
uses a risked valuation approach for Alba’s two main projects, at Horse Hill and TBS. The
Horse Hill licences are valued using independent published technical data from
Schlumberger, Xodus and Nutech on the oil potential of the licences, along with our own
assumptions on recovery rates, oil discovery value, resource and development risks
factors. From this a risked value of $127m net to Alba on a ‘Base Case’ basis is derived
for Horse Hill.

Given the similar geology and economic potential of both TBS and Dundas, we have
adopted a risked closeology valuation approach, by computing an NPV for Dundas of
$223m and then applying a three-tiered risked probability calculation to arrive at a value
of $54.7m for TBS. Once Alba announce its JORC resource and exploration target at TBS
and Bluejay its Feasibility Study results, this number is likely to be revised upwards very
rapidly, possibly up to $200m, representing up to 7p per share in additional shareholder
value.

We compute a valuation of $185m (£139m) for Alba, equating to 6.0p per share, of which
4.1p is attributed to the stake in Horse Hill, 1.8p for TBS. Given this analysis and wealth
of valuation catalysts anticipated across the project portfolio in the coming months, we
recommend the shares as a ‘BUY, with a Target Price of 6.0p, representing a potential
15 times plus uplift from the current share price.

[sea7] 14/12/2017 21:29

As far as I am concerned KB, since those lows of 1.75p, we have enjoyed solid progress on the operational front, despite some revenue generating projects suffering delays.

We expected to see a profit after admin of around £3m at full year. They came in at £2.9m, so in line with expectations.

The share price has reflected this progress with an near 400% climb and slight pull back to where we are today, some 2 1/2 years later.

Profit from continued ops, showed a 39% increase on 2016, which will show a further increase in 2018.

On a side note, I see that the website was updated on 2 november 2017 for the shareholder list. FIL is shown as having 14,913,000 - 8.91%. According to the last holdings rns on march 30th 2017 they had 9.6% or 16,087,000.

Martin ooi is now the largest single holder of stock.

This means they have sold just shy of 2m shares since march. In march they sold 750k shares or thereabouts and I have not seen a holding statement for them since.

[1rodson] 14/12/2017 20:22

does anyone really pay any attention to these exposed con artists now?

they have fooled you all long enough and at a cost to you!


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[kimboy2] 14/12/2017 19:44

There was some sort of update from HotStockRockets who tipped GDP a week or two ago. The analysis, from what I saw, was from the 'up, up and away' end of the spectrum rather than anything interesting or informative.

Didn't have much effect anyway.

What may have more effect is the newsflow over th next 6-8 weeks or so.

To start with we will get some sort of update saying that the elution column is up and going in the New Year.

Gerard also hinted in the last RNS that the operational update and interims would be separated. From the last RNS I think we can expect some excellent results.

I am also expecting VSA to increase their profit forecasts. At the last interims they increased the forecast for 2017/8 by 10% and then another 54% at the finals.

If H1/18 comes in as expected then I would expect at least a 50% increase in the y/e forecast. The forecast for the years after this are ludicrous and do the company no good at all.

They already have a price target of 17p based on their present forecasts, which they calculate via an obscure route. It will be interesting to see if their target is even futher away from the share price

I suppose a 40% increase in the share price since the last interims should normally be satisfactory by any standards. However I feel it considerably underestimates the progress that has been made.

[1rodson] 14/12/2017 13:04

I am a lion's man, of course, you could listen to S7 and kimboy and buy some goldplaonk and watch the mould grow on your money

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sea7

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[1rodson] 14/12/2017 13:03

I am a lion's man, of course, you could listen to S7 and kimboy and buy some goldplaonk and watch the mould grow on your money