Goldplat Share Discussion Threads

[russman] 27/2/2018 12:04

So now you understand f/x translation.The penny has dropped on "auramet" loan.Fcast final diluted eps is?

[kimboy2] 27/2/2018 11:07

If these receivables are inter-company loans that need to be converted to cash then the net cash position would be a lot better thanwhat we currently see... Are you sure this is it?

I wouldn't have thought the cash position would be any different if it were inter-company loans as they would all net out.

The thought that occured to me about the other receivables was whether it was something to do with an auramet loan.

[kimboy2] 27/2/2018 07:59

The first thing to do is to secure a site, which would be the relatively cheap part. Once that is done they can work out how to pay for the works, and there are several alternatives apart from a GDP share issue.

It wouldn't surprise me if they can finance it without issuing any GDP shares, which would be optimal. I would forsee some sort of JV with them selling shares in the subsidiary.

[trialerror123] 27/2/2018 07:57

If these receivables are inter-company loans that need to be converted to cash then the net cash position would be a lot better thanwhat we currently see... Are you sure this is it?

[michaelfenton] 27/2/2018 05:59

Kimboy2 - I am sure you are right that they have something substantial lined up. The problem is the poor SP? Gerard previously stated that he needed 10p to raise the necessary funds. That should happen during 2018 maybe after the next 6 monthly results?

[kimboy2] 26/2/2018 23:45

Yes the report says that Ghana and South Africa 'performed exceptionally well'. That is fairly positive.

Also noticed he said that there would be 50kozs of mining production in 2 years. I still think that they have something lined up.

[dangersimpson2] 26/2/2018 23:28

Think that's the most positive I've heard Gerard:

"Great start to the second half, we are doing very well."

Re: Other receivables - I think this is how inter-company loans are classified and is probably money owed to the holding company that is in the refining pipeline. Or something similar at least.

[sea7] 26/2/2018 19:27

Kili losses down to £81k from £692k in the corresponding H1 of 2016. A swing of £611k

[rolo7] 26/2/2018 19:02

vox markets/sharepickers podcast on gdp on first about 6 minutes.

[sea7] 26/2/2018 16:44

£800K spent on material for the CIL plants which will keep them going for a year.
£505k spent on debt repayments.

That accounts for £1.3m of expenditure.

The net current asset value has increased by £861k over the corresponding period last year.

The working capital position has increased to £5,735,000 from £4,905,000 as the end of the interims december 2016.

The working capital position has increased by £88,000 in the last six months.

They are definitely doing well as shown by the expected annualised gross profit of £6.3m, which is about £1.1m higher than to end june 2017. The last time the Gross profit was over £6m, was June 2012 and the stock price was around 12-14p

[trialerror123] 26/2/2018 16:35

Does anyone know what the increase in other receivables is - it has gone from sub 2m to over 8m.

[kimboy2] 26/2/2018 14:14

Our leader speaks;

[kimboy2] 26/2/2018 14:03

The operating numbers were pretty much as expected but are obscured by exchange rates and the RR write off.

Strikes me that this stockpile they have recently acquired must have been pretty cheap, which bodes well at some stage.

[sea7] 26/2/2018 13:46

better keep an eye on lion rodson/miller, it is down well over 50% from those highs and dropping fast. You must be losing a packet.

[kimboy2] 26/2/2018 13:30

That's the first one.

[russman] 26/2/2018 13:12

There will now be a number of frivolous claims against gdp.

[dangersimpson2] 26/2/2018 13:08

Gross Profit was slightly higher than I expected, but so were admin expenses. However as Kimboy points out most of the increase in Admin expenses is non-recurring.

Given the various currencies involved finance costs always cause big swings in reported EPS but I ignore these - they tend to net out over time.

Slightly disappointed with cash levels but then these are down to working capital and the material they have bought in to support future production so not of concern.

With more security of supply of diesel & grid electricity to come in Kili H2 will almost certainly be better than H1 too.

[kimboy2] 26/2/2018 11:57

I think that there is good reason for expecting every subsidiary to have a better second half than first half.

[shill10] 26/2/2018 10:59

excluding one -offs , obviously.

[shill10] 26/2/2018 10:58

so with Kili's improved 2nd half and outlook comments for 2nd half, that would equate to a full year attributable profit of c £3.5-£4 million, Kimboy ?

[kimboy2] 26/2/2018 10:44

The numbers actually look pretty good to me. Ebitda is £2.125m, which is about where was expected.

The admin costs have increased from £1.113m to £1.575m. However within those admin costs is the Rand write off and costs associated with the Scipion loan.

If we ignored these one offs then Ebitda will be over £2.5m.

If we then work back and add D&A, minority interests and interest paid we will be a bit over £1.5m attributable.

[1rodson] 26/2/2018 10:00

ah well, no need for comments as the market is telling you all that a dead duck share this really is.

just think of all the years that Silly 7 and KB2 have been ramping only for it to fall on results.

the tip earlier this year was right on ..if it ever gets to 11p...SELL ..IF IT EVER!!

GOOD TO SEE Kili DOING WELL IF ONLY MORITZ HAD WORKED IT FROM THE BEGINNING MAY HAVE BEEN A DIFFERENT GDP TODAY, AS HIGHLY PROFITABLWITH A 50P share price

[shill10] 26/2/2018 09:51

doesn't give a representative picture of the company- stripping out all the one off items (FX unrealised losses) operating profit increased by 56% - if that can be sustained and built on (as the outlook comments suggest it will), then that is a better guide to the company's future in my opinion.

[russman] 26/2/2018 09:22

481k bad debt provision.0.11p eps after minorities.I was expecting more.