Goldplat Share Discussion Threads

[kimboy2] 30/1/2018 09:03

Yes I thought that except it doesn't quite add up.

It may be just a timing issue as there is quite a bit of gold going out each week, if not each day.

The important figure is production, not when they sell it though.

[dangersimpson2] 30/1/2018 09:00

re: figure mis-statement I reckon in Q1 they included the 1376oz of gold transfers in the sales figure as well by mistake.

Doesn't impact the production figures though which were correctly stated.

[sea7] 30/1/2018 08:54

yep, I suspect any business they do in the future will have some additional checks in place.

[kimboy2] 30/1/2018 08:44

I always though that the RR dispute would cost RR far more than the original sum. No idea what it has cost GDP, though I feel in the long term it will be beneficial as they have brought processes in house.

The benefit from a resolution will be a shorter pipeline for material they can process, and consequent cash flow benefit.

In addition it may be that RR could be the source of material in the future, though hopefully with a 'trust and verify' outlook.

[1rodson] 30/1/2018 08:36

No matter how much they ramp this dead duck it just can't hold on to its gains
Looks like a strong case for losing your money.

Best be avoided Although could be a good punt around 2p

[sea7] 30/1/2018 08:31

looking good on rand settlement.

[sea7] 30/1/2018 08:18

the only other thing is that they mis-stated a figure earlier...

*the H1 sales number includes Goldplat Recovery gold sales of 7,781 oz for the first quarter. The Company's announcement of 24 October 2017 incorrectly stated this amount as 9,170.oz (285kg).

[kimboy2] 30/1/2018 08:10

Operational update released.

The bad news is;
1. A delay on the Ghana clean up due to setting up a committee to handle it, though GDP is on the committee apparently. It could be this;



2. The stock dam is going slowly so nothing new there. The wheels of bureaucracy turn slowly but it seems GDP will be ready once the OK given so perhaps no time lost.

3. Elections seem to have caused some problems at Kili though expected to catch up the rest of the year.

The good news is;
1. 32kozs of stock held in SA as well as 80kozs in stock dam. Sourcing of material is clearly being successful and should in effect ensure full production for a number of years.

2. Clean up operation on a disused mine. Could be the beginning of a large number of such projects across SA

3. Working on improving recoveries, and profitability of the stockpile. I notice that this has quietly happened in the background already as the waste material now being produced is not worth keeping in a stock dam for later reprocessing.

4. Rand settlement imminent. I expect we will get an RNS on the terms. GDP seem to think that it is very positive. Presumably some business being put GDP's way as a quid pro quo. It was no doubt costing RR as well.

5. First pour of elution plant is in March which is later than planned, but an official opening so earning brownie points.

6. Sourcing seems to be keeping Ghana at full production, and full year target production still on course

7. A second fluidised bed will increase production by a third. As they were aiming for about to produce 10kozs that will be another 3kozs. No idea what the marginal cost of production is but would expect this to add £1m to profitability of Ghana if it can be kept fully fed. This would be about $400/oz profit.

8. Kili still on target for 5.8kozs and the dip of 200ozs will be made up.

Overall we are on course for a profit outcome of perhaps £1.5m at the interims and a p/e of around 4, as well as plenty of irons still in the fire.

[1rodson] 28/1/2018 19:57

Gold is on a great run as the dollar keeps falling YET GDP IS ON A DOWNER IS THIS THE TIME TO SELL

…

[honestsmarty] 28/1/2018 12:33

Another day, down again

The fall is relentless.

get out if you can.

[honestsmarty] 28/1/2018 09:14

Just providing a public service in pointing out a scam. A bit like this.

Just more lies to enable you to drag suckers in to buy your shares in what will ultimately prove to be a dud company.

[kimboy2] 27/1/2018 19:54

I expect it is rodson/miller as he has several doppels and another one would be easy.

Talking of whom I notice that he is claiming to be a mining engineer on the Lion thread.

Made me laugh but no doubt plenty over there believe it.

[sea7] 27/1/2018 18:44

Whomever it is has made two posts, since creating the profile yesterday. One on this board and one on the EME board. If someone is trying to pretend to be you, honestmarty, then they have a fair bit of time on their hands.

[honestmarty] 27/1/2018 18:37

Is it your 1rodson? LOL

[honestmarty] 27/1/2018 18:36

I see I have an imposter pretending to be me. Extra s in the name.
Almost certainly off the LION BB were I have made a few people very unhappy by taking a negative outlook on the company's future and directors.

I take at as praise to have my own bitter, psycho, stalker.

Quite chuffed really.

[honestsmarty] 27/1/2018 15:02

If we are being accurate I think we can say that 0p is by far the most likely outcome

[kimboy2] 27/1/2018 10:17

The government has developed a five-year plan – the plan is for this project to be launched in February or March for the next five years, it’s very comprehensive. The project looks at how to reclaim the land. Most of the land is now degraded so the second component is how we are going to improve the surfaces so we can use it for agriculture.

I would also hope that they make a decision to go ahead with stage 3 at Kili soon as they will have finished the elution column and new processing in Ghana.

If they have got their vat back then Kili should just about be debt free, which was one of the conditions that Gerard said.

[kimboy2] 26/1/2018 20:29

The article seems to suggest that it is more expensive so I doubt it will catch on. I think relatively little of the GDP raw material comes from tailings.

That may change of course if they can come up with a decent contract in Ghana.

[pog1234] 26/1/2018 20:10

Potentially negative for Gdp?

[dangersimpson2] 26/1/2018 17:46

ha ha, as I shut my eyes tonight I will imagine I'm first person flying a drone around Kili