Goldplat Share Discussion Threads

[kimboy2] 06/2/2018 10:02

One thing that was in the update was;
GPL was appointed to clean-up a decommissioned gold operation for a large South African gold mining producer. This project is expected to be completed by the end of FY 2018.

One or two things about this. Firstly it is quite high up in their list of things which I tend to view as indicative of their financial importance, or at least the importance that management put on it.

Clearly this is potentially a massive market with thousands of disused mines;


It is also interesting that this contract was given to them by a large producer, and I believe they got a contract at Obuasi a couple of years ago. If the large producers don't have the skills or inclination to do this work then it is all going to be contracted out.

It seems to me that there are two elements. Firstly the actual reclamation of the site and secondly the management of the water that is going to flow through the site.

The two are obviously interlinked but I would have thought that the second element would be much longer lasting, and possibly more expensive. No idea what skills GDP have in this element.

We will never know the financial details, and no doubt they vary from mine to mine, but it sounds as though they are being paid for the work rather than just gaining ore.

I suspect that the net effect will be much higher margin than the normal recovery business and should help profits in H2/18.

[dinky00] 06/2/2018 09:27

Further evidence this morning that mkt makers will destroy a share price for no reason.
47k shares traded, most above 7p.
Yet the Mkt Makers do this to the share price. It is infuriating.

[russman] 06/2/2018 09:22

& how will the relative strength of the Rand affect GDP's margins.

[1rodson] 05/2/2018 17:54

sea75 Feb '18 - 08:43 - 3864 of 3864 (Filtered)

[kimboy2] 05/2/2018 13:55

The results for H1/18 will probably be three weeks today. I would expect them to want to get the RR settlement out the way before that happens. They said;

The MOU contains terms agreed to for inclusion in a Settlement Agreement, including agreement on an undisclosed amount to be paid by Rand Refinery to GPL in full and final settlement of the dispute. The Settlement agreement is being completed by the respective legal teams and is expected to be concluded early in February 2018.

There will obviously be a write down so I would expect them to want to get the bad news out the way before the interims.

It may not of course be all bad news. I was a bit curious as to why a legal team was necessary to draw up a final agreement one aspect of which is RR coughing up some of what they owe.

It may be that RR have come up with some sort of package which has prevented any reputational damage and saved face all round.

Anyway I expect we will find out soon.

[sea7] 05/2/2018 08:43

soon to hit 10p ehh miller. Well it is down another 3.5% today and struggling at 3.4p.
Still 50% off those highs and its a falling market again.

[1rodson] 05/2/2018 08:20

sea75 Feb '18 - 08:11 - 3861 of 3861 (Filtered)

[sea7] 05/2/2018 08:11

risa5
5 Feb '18 - 02:21 - 3857 of 3860
0 0 0
RATson/miller- britishbulls.com Recommendation for lionsgold;
STAY SHORT, FLIGHT TO SAFETY ...

1rodson
5 Feb '18 - 02:28 - 3858 of 3860
0 0 0
Yep fool that means sell as it say in the right hand column SSEELL!

..............

I knew that clown miller/rodson was lying about holding lion until a pound a share. Here he, less than a week or two later saying sell.

[1rodson] 05/2/2018 07:41

Does being thick come naturally to you risa5

[risa5] 05/2/2018 02:33

Sell Lionsgold ?
Did you sell ?

[1rodson] 05/2/2018 02:28

Yep fool that means sell as it say in the right hand column SSEELL!

[1rodson] 05/2/2018 02:00

BRITISHBULLS.COM

ENTER SYMBOL LION

[1rodson] 05/2/2018 01:58

Yeah yeah yeah may the link does not connect but are you so thick that you can't pull up the BRITISH BULLS WEB PAGE AND PUT LION SAERCH IN THE LITTLE BOX?

No wonder you are a gdp punter you idiot


The only fake here is GDP this is why I say it's falling so sell British Bulls just happenS to agree with me


TTT.

[1rodson] 04/2/2018 18:56

Buy Goldplat and it is like investing in Bitcoin. Ie no substance

[1rodson] 03/2/2018 22:10

And yet another call down. SELL SELL SELL.



THEY ALL CANT BE WRONG!

[1rodson] 03/2/2018 22:10

And yet another call down. SELL SELL SELL.



THEY ALL CANT BE WRONG!

[1rodson] 03/2/2018 10:01

Doesn't look as if they made use of the PRESTIGEOUS RESPONSIBLE GOLD AWARD....WHAT A WASTE OF TIME THIS COMAPNY HAS PROVEN ITSELF TO BE!

The following is thanks to SEA7 posted on LSE.....WITH FULL ACKNOWLEDGEMENT.

hxxps://www.businessdailyafrica.com/corporate/companies/UK-gold-firm-says-Narok-cows-died-of-cyanide/4003102-4286932-tnccfm/index.html

Not said anything official yet - Kilimapesa mining area.

We confirm that there was a spill of cyanide bearing tailings from our TSF (tailings storage facility) after severe rainfall on January 27, 2018. The level of cyanide in the water is normal for gold extraction processes

and..

He said the 11-year-old herdsman allowed some cattle to enter the TSF site, which is the mine£s property, and they drank some of this water.

[1rodson] 03/2/2018 09:34

In case there is any boubt over the shaky standing of this share I would suggest you forget all the ramoers's opinions and take a look at this totally unbiased sell recommendation.

SELL SELL SELL. I have been say this for some time now that charts agree.

hxxps://www.barchart.com/stocks/quotes/GDP.LS/opinion

[russman] 02/2/2018 10:29

Kili could be a goldmine for the locals.
Chuck poisoned livestock over the fence.
Claim compensation.

[kimboy2] 02/2/2018 07:26

It looks to me like they only book the fees they charge because there is a big dip in revenue/oz sold & transferred & CoS/oz sold & transferred in FY16 when they had big % transferred instead of sold

Item 7 in the results gives a number for processing fees. The problem with getting a clean number is the amount of different sort of arrangements. They can have a straight tolling arrangement where cash is paid, but then again they can be paid in gold and return the residual.

On the Ghana elution column the price that GRG receive is the price for the concentrate. With the new column the profit from eluting the Ghana gold will transfer back to GRG rather than SA.

As you say it will save GDP money. I guessed the profit from elution was about £100/oz. On 10kozs this will save £260k on the BEE's cut, as well as lower taxes and transport costs.

On the CoS numbers for Kili and Ghana I don't have them. Gerard said that the AISC of Kili would be 1000-1100/oz (IIRC). I reckon what was counted as central costs were about £0.5m.

It would be a useful number if we could get a profit per marginal ounce. However the problem may well be that every batch involves different costs.

On another topic I though that the 32kozs of gold stocks was a good number given it was 16kozs at the time of the conference call.