Goldplat Share Discussion Threads

[kimboy2] 21/12/2017 15:42

They have already taken industrial land with the BEE legislation.

On agricultural land they have the excellent example of Zimbabwe to go from. Unfortunately I suspect that the mere threat of it will dry up investment in the agricultural sector as people seek to get their money elsewhere.

From the GDP point of view in the unlikely event, IMV, that they progress this the main benefit will be that the rand will plummet.

[sea7] 21/12/2017 14:51

nope miller/rodson you did not call this right on. You were buying at 16.5p and 15.65p. You were screaming buy and going to 30p plus on these boards at the time - the stock began its inexorable decline to 1.75p.

Your 16.5p buy that you bragged about at the time, turned out to be the all time high in the stock. It has been listed since 2006, eleven years and you bought at the very peak of the share price in all that time.

I haven't forgotten how you bragged about buying back then. You are still bitter as hell over your losses aren't you.

I had sold at 14p on the way up, you were buying.

When the stock hit 1.75p, I had been buying loads at 4p,3p,2p and a small amount at 1.75p, as there was not much available. You were screaming sell and how it was going bust.

The stock climbed back to 8p and I sold the vast majority of my 1.75/2p/3p/4p stock at 7p plus.

You did not call this right miller/rodson, you couldn't have got it more wrong if you tried.

[sea7] 21/12/2017 14:26

That has a long way to go before section 25 could be amended, to allow the state to take land without compensation.

It primarily refers to agricultural land, which they feel should be taken and given back to dispossessed locals. They also want to prevent foreigners owning land, although leasing would be permitted.

They will not be inclined to take industrial land and give it to someone else. Their efforts in this area so far have been woeful to say the least. All their land reform efforts have ended up with those getting the land unable to finance the desire to farm it, thus it ends up laying fallow with nothing happening.

It will end up like zimbabwe if they are not careful.

If they wish to see their own food production levels drop and their agricultural economy begin to collapse, then by all means, take peoples land without compensating them and conveniently forget to have in place support packages for those getting the land.

The state would be better off bringing the 4 million hectares it has on its books into use, rather than stealing other farmers lands.

[pog1234] 21/12/2017 13:36

Political turmoil in South Africa!


Land expropriation without compensation.... we will see where this ends up! Hopefully nothing that will affect Goldplat.

[shill10] 21/12/2017 12:41

he's not the brightest button, bless.

[sea7] 21/12/2017 12:00

ahh finally go you to admit you are not really filtering my posts, however, are in fact reading them. So, all those inane posts about filtering were BS. No suprise there.

You answer a post and then say that I am filtered - idiot - you cannot read a filtered post, so you are lying.

[1rodson] 21/12/2017 11:40

Must be really eating your guts out over the profits you missed.


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[sea7] 21/12/2017 10:07

just like all your posts ramping alo and afpo before they collapsed.

[sea7] 21/12/2017 09:42

yep I know they are. Rodson/miller thinks he has found new friends there. They are just using and rinsing him like everyone else. He is too stupid to see it though.

Some of those on that board have made excellent money buying at under a penny and then selling at 5p - rodson/miller keeps on saying that he is buying and holding- hmmm

mug leaps to mind.

[shill10] 21/12/2017 09:37

Lion board laughing their socks off while they buy shares at 0.8p and sell them to muppets like Millar/Rodson at 6p - I wonder how this will end ....

[1rodson] 20/12/2017 20:11

Thanks for that nich'e. I bet there will be some very red upset faces after holding this dead duck for years only to find this on top.

I blame the incessant rampers here who have pumped and dumped this for their own gain and fvck everyone else.

[kimboy2] 19/12/2017 08:56

I would suspect that as long as gold remains north of $850-900/oz that Kili will remain cash flow positive.

When Kili was closed down a few years ago the price had fallen to about $1200-1300/oz so I suppose that is indicative of the success of the present management.

[1rodson] 18/12/2017 16:36

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[sea7] 18/12/2017 08:05

yes and there are a lot of tailings and possibly other opportunities in the migori area that could be an addition to the kili operations. Gerard stated that they can mine there for decades at current rates, so as long as it can generate a profit consistently now, it could build into something substantial over the years.

[kimboy2] 18/12/2017 08:00

They are putting another mill in which would increase the milling capacity to 200tpd. This would lead to production of 12kozs pa if the rest of the plant could match this rate.

I suspect that the profits from Kili will be reinvested into increasing capacity there for the time being.

[sea7] 18/12/2017 07:38

Seeing as Gerard put an upper limit on what we can expect from Kili, which is 5k pa higher than Demetri was aiming at, we know roughly what to expect from this mine over the longer term.

[kimboy2] 18/12/2017 07:13

The short term target is to repay the loan taken out for stage 2. IIRC that is about £1.1m at the interims. The view seems to be that this will be mostly paid off this financial year.

If it starts producing £2m+ profits then it will be worth what they have put into it. The real value is in what else it could lead to in Kenya. Acacia have found some fancy grades not too far away.

IMV if Red Rock had got chucked out GDP would already have the Migori license.

[michaelfenton] 18/12/2017 06:31

Well Kili has a lot to repay? It has been a drain for many years but am happy if it gets to 2mil profit annually and steady. Lots of small streams all producing will be good whilst Gerard looks for something distressed to really ramp up which can mostly be financed internally. Slowly slowly we are getting there?