Goldplat Share Discussion Threads

[dangersimpson2] 25/1/2018 17:15

You can request that the company share their shareholder register with you. You have to say who you are, why you want access and what you want to do with the info. I think the company has to respond with how to access in 5 days or go to court to get an injunction to deny you access if they believe you don't have a good reason for accessing the register.

Generally it is not worth bothering about since you only get certificated or CREST names. For example my shareholding will be under the name of my ISA provider and mixed with all other investors that hold GDP with my broker.

[sea7] 25/1/2018 17:08

someone locking in some gains I suspect.

[kimboy2] 25/1/2018 16:41

A sell of 500k went through. It would be interesting to know how many shareholders there are and how many they hold. I believe that it is possible to get hold of a shareholders list from somewhere or other.

It wouldn't altogether surprise me if we get some news tomorrow, but I expect Monday to be favourite.

[kimboy2] 24/1/2018 22:35

It is flying in dollar terms but I think this has more to do with dollar weakness.

In rand terms gold is marginally up in the last year, but in Kenyan shilling terms it is up a useful 10%;

[ileeman] 24/1/2018 22:11

Gold flying.

This looks even cheaper.

[kimboy2] 24/1/2018 07:41

I notice that Alecto Minerals has relisted as Cradle Arc (CRA). It is now predominately a copper mine after having bought the Mowana mine from the liquidator.

Of relevance to GDP is the Matala mine which they acquired for £1.5m. It needs about £10m to be spent to get it into production of 30kozs pa.

The interesrting bit is that they appear to have got vendor financing for the £10m, though the financial details have yet to be revealed. I suspect it is a Chinese company they are dealing with so we will see what happens.

It could however be a blueprint for a potential GDP mining deal.

[kimboy2] 23/1/2018 14:09

The share price seems to be making progress. Probably a decent time to buy as I expect that there will be an update shortly, probably Monday, which should be further good news.

Presumably there will be an update on the Ghana elution column and the gold production figures. We may even get the details of the RR agreement if it has been rubber stamped by the court.

[kimboy2] 20/1/2018 09:41

Yes I saw that as well. ISTR he also said about an update in the New Year in one of the interviews also.

If you have a good story keep on telling it IMV.

[rolo7] 19/1/2018 14:31

just brought back in, should be a TU before interims?
Gerard Kisbey-Green, CEO of Goldplat commented: "We are pleased to have finally made tangible progress towards settlement of the dispute with Rand Refinery after a protracted period of negotiations. We remain confident that this arbitration process will result in the full recovery of the amounts owed to GPL and Company will keep shareholders informed of progress. From an operational point of view, I am delighted to say that progress is being made across the board which positions us strongly for the remainder of the 2018 financial year, and I look forward to providing further detail on this in the New Year with the release of our quarterly operational updates and Interim Results."

[kimboy2] 18/1/2018 08:24

My view after the prelims was that the share price would gradually home in on a more realistic valuation and, so far, that seems to be the case.

It seems that each positive announcment is ratchetting the price upwards. Hopefully there is further good news in the pipeline. They still have to announce the final conclusion of the elution column, the payment by RR and of course first half production and numbers.

The interims will be a bit over a month. It wouldn't surprise me if we get a TU next week.

[kimboy2] 17/1/2018 12:39

I'm not.

The numbers in the interims will be far more important.

[russman] 17/1/2018 12:34

I am surprised at the reaction to the proposed RR settlement.

[sea7] 16/1/2018 19:30

I note that rodson/miller is absent from these boards, probably too busy trying to justify the near 60% drop from the 52wk high that lionsgold has endured. Rodson/miller is on record over there bragging about buying at those highs.

As a side note rodson/miller, I see that goldplat is back at its 52wk high again, having gained ground today.

Looks like your backing the wrong horse miller - again.

[camerongd53] 16/1/2018 17:43

Update 4820

As a bit of fun I suggested we guess the price of GDP shares after the price has stabilised after this year's interim and final results. I thought there would be more people joining in.

My guess was 10p which represented a gain of 2.75p. I thought that there could be a serious new year that could move the price there in one move and if it didn't I hoped the interim results would do the business.

In the past few days there have been 2 announcements or partial announcements. The first is that the RR dispute has been resolved, although the full terms have not been disclosed hence the use of the word partial. It appears to me that GDP have come out more of a winner than a loser. I suspect that the only winners are the outside professionals, which you do not need a PhD to predict. GDP's strategy of not caving in initially has been vindicated and their credibility has been partly restored and enhanced. Coming out the wrong side would have been a disaster!!

The second announcement was the deal with Ashanti - I suspect it is not really material in accountancy terms and is probably a nuisance in management and reporting terms. Having delegated this to Ashanti was wise and any good news is a bonus.

I notice that the share price has moved more today on the Ashanti 2nd or minor bit of news more than on the RR news which is more significant. Maybe it was the cumulative bits of good news that has improved sentiment. I was not expecting the RR news until the interims were announced so it is bonus to get it now.

The share price is approx 1/4 of the way to my target of 10p. I am still confident of 10p especially as the RR result will be through and in the public domain

[kimboy2] 16/1/2018 09:45

Further details from Ashanti;



Ashanti seem to be encouraged by the results and are building a community centre. Likely to be small beer for GDP though given other developments.

[pog1234] 16/1/2018 08:05

Modification to option Terms between Ashanti Gold and Goldplat for the Anumso Gold Project

Goldplat, the AIM quoted gold producer with international gold recovery operations located in South Africa and Ghana and a gold mine in Kenya, notes the announcement by Ashanti Gold Corp. ("Ashanti") (TSXV: AGZ) of 15 January 2018 and confirms that it has agreed to extend the option period, within which Ashanti can acquire 75 per cent. of Goldplat's interest in the Anumso Gold Project in Ghana ("Anumso").

Ashanti now has until 31 October 2018 to earn an initial 51 per cent. of Goldplat's interest in Anumso upon the expenditure of US$1.5m. An additional 24 per cent. interest can be earned through expenditure of an additional US$1.5m in the following 12 months.

Ashanti continues its soil sample programme to test for gold anomalies along the 10km of known conglomerate outcropping within the 29.6 km2 licence area. Further announcements will be made in due course.

[kimboy2] 15/1/2018 16:22

If they actually terms for the vat were actuall 60-90 days at Killi they would just about be able to pay off the Kenya loan and push the button on stage 3.

[kimboy2] 13/1/2018 14:16

The National Treasury has confirmed that it has cleared all the tax refunds that it owed manufacturers as it gears for tabling of the 2017-18 budget. Speaking Thursday at a pre-budget press briefing in Nairobi, Principal Secretary Kamau Thugge said the backlog of all refunds, as old as two financial years, have been paid.

...Having rolled out itax - an online portal that allows for registration of taxpayers - payment of tax and even processing refunds, KRA says the problem of delayed refunds will be a thing of the past. The portal now allows it to process about Sh1.2 billion in tax refunds every month since refunds take between 60 and 90 days.

I would suspect that the problem of the delayed payments is due to the various investigations and will be resolved once they are over.

[sea7] 13/1/2018 12:13

recent media on the issues with the kra...



The firm said a tax probe by the Kenya Revenue Authority (KRA) had been “substantially finalised.” “Of the original preliminary assessment of £1,288,540, (Sh180.1 million) £55,000 (about Sh7.6 million) has been paid and £51,000 (about Sh7.1 million) still remains under dispute,” said finance director, Werner Klingenberg.

It is demanding a balance of £812,000 (about Sh113 million) in Value Added Tax refunds from KRA.

“Despite clear provisions in the Kenyan legislation regarding the recoverability of VAT, and two audits and continuous consultation with the Kenya Revenue Authorities the balance due remain outstanding,” he said.

[sea7] 13/1/2018 12:06

I have emailed Gerard about it, although he hasn't responded yet. I did only send a message yesterday though.

They will have been discussing it, that I am sure of, especially as they have been looking at kili's accounts, as they disputed some of the figures, as disclosed in recent rns's.

[michaelfenton] 13/1/2018 12:03

Good point sea7. Presumably the subject has come up in discussions with the Kenyan authorities?

[sea7] 13/1/2018 11:50

There is one more matter to take care of and that is the outstanding vat refund balance due from the KRA, which is £812k, as at the last set of accounts. A significant portion of this amount due is over four years old. The KRA are notorious for being slow at paying out these refunds and not just to kilimapesa gold.

A bit of traction here would not go amiss either, as the £812k would be better in goldplats account.

[sea7] 13/1/2018 11:45

Perhaps miller you should go back to pumping that dog, lionsgold. After being over there and making such baseless, ill educated and stupid posts, you cannot possibly expect to be taken seriously here, especially with such a limited understanding of anything related to this company.