Goldplat Share Discussion Threads

[russman] 03/5/2018 14:07

Lets have another investor roadshow; directortalk; pr adventure.GDP just needs to deliver.

[sea7] 03/5/2018 13:53

Hi DD,

No offence taken, I shouldn't really feed the troll, although I must admit, he has taken a turn for the worse, with his, multiple aliases posting on the same board, saying different things.

Pretty weird, for someone who claims to be so wealthy and busy. Still never mind, he has others to froth at the mouth at now.

He hasn't got under my skin, I was simply winding him up, probably shouldn't, I know.

Hope your investments are doing well.

[discodave4] 03/5/2018 09:40

Hi S7,Hope you're doing okay, I see nothing has changed much here!.....GDP management still foooking things up and you are still battling with scum.Don't take offence as do have a lot of respect for you as an investor, but to be honest your obsession with Miller is IMO reflecting worse on you than him. We all know he's got major mental health and psychological issues as well as being a disgusting human being, so why give him your valuable time, it's beyond me tbh. Have seen your incessant battles with him on other threads and it's clear he has got under your skin, thought you had more about you than that, just saying.Anyway, truly not having a pop at you, just don't like to see you get dragged down by a low life like Miller.As for GDP, no doubt you are well in profit and hopefully you will continue to trade it well. Still not for me, never will be.GLDD

[russman] 27/4/2018 09:56

I await some positive developments; not dreams.

[sea7] 26/4/2018 19:01

either way, I doubt they were impressed with having to pony up the cash in the first place.

[kimboy2] 26/4/2018 18:34

Well the good news is that a positive value from a discounted cash flow means they expect to make some money.

The bad news is that a discount rate of 17.6% suggests that they are not holding their breath.

[sea7] 26/4/2018 17:29

from harmony gold annual accounts...

Rand Refinery’s shareholders extended Rand Refinery an irrevocable, subordinated loan facility of up to R1.2 billion (US$114.2 million) on 23 July 2014. In December 2014, Rand Refinery drew down R1.02 billion (US$88.1 million) on the shareholders’ loan. Harmony’s portion of the shareholders’ loan was R120 million (US$10.4 million). Interest on the facility is JIBAR plus a margin of 3.5%. During the 2017 financial year, interest received on the loan amounted to R6 million (US$0.4 million) (2016: R12 million (US$0.8 million)). The loan formed part of the net investment in associate and was included in Trade and other receivables.

The original loan facility agreement allowed for any unpaid balance to be converted to equity after two years. An amended agreement was concluded on 5 June 2017, converting the loan to cumulative, redeemable preference shares of no par value. The fair value of the loan on the date of conversion was R71 million (US$5.6 million), resulting in a loss of R15 million (US$1.2 million). The fair value was determined using a discounted cash flow model which included expected dividends and redemption amounts at a discount rate of 17.6%. The fair value measurement is classified as a level 3 model and is non-recurring.

[sea7] 26/4/2018 12:30

rodson full of it as usual.. you said that you were not daniel miller, you were someone called steve, now we see this...

1rodson - 16 Apr 2018 - 10:18:07 - 55 of 59 Why you should sell this DOG - CRA
NO I THINK THATS ENOUGH REASON DONT YOU?

ITS STILL EARLY DAYS YET.

FIRST ONE TO GET MY NAME RIGHT BUT ITS Mr DANIEL RODSON

[russman] 26/4/2018 09:26

Overstating the eps & not bothering to correct it as soon as they were told.
Not bothering to tell investors that Rand refinery cannot process their output for a couple of months.
GDP have to start delivering; not more banana skins.

[sea7] 25/4/2018 19:40

“In line with our commitment to build production output and profitability, the sourcing of by-product material for processing at the recovery operations and improving operational efficiencies at Kilimapesa remain primary areas of strategic focus for the company,” Goldplat said in a statement. The firm produces gold from its own underground mines and a recovery operation that involves processing of ore acquired from nearby artisanal miners who employ crude methods for harvesting.

[kimboy2] 25/4/2018 12:24

Trade receivables include a provision for bad debt of £481,000 relating to the Rand Refinery dispute, of which £149,000 was accounted for in the previous years.

The debt was about £800k. I suspect that that they split the difference and agreed to pay their own legal bills.

I said at the start of this litgation process that there was high reputational risk to both sides if they washed their linen in public. It is standard procedure to have a confidentiality clause in all sorts of litigation.

The only difference here is that GDP are required to report it and it is sufficiently unusual that it can be picked out of their accounts.

[dangersimpson2] 25/4/2018 11:33

It is normal for legal settlement agreements to bind at least the party who is being paid to confidentiality and often both parties. The reason is that if there is a future dispute RR don't want others saying 'you paid GDP xxxx'

Of course with published accounts one can work it out but that doesn't negate that this is a very normal legal practice. We all have to make our own decisions on the trustworthiness of the management but I don't think adhering to a standard legal norm has any bearing on this.

[1rodson] 25/4/2018 10:26

PROBLEM IS THEY ARE NOT RELIABLE NOR TRUSTED BY THE MARKET

THINK ABOUT IT HERE WE HAVE A COMPANY THAT ANNOUNCES A DIVI AND QUICKLY WITHDRAWS IT WILL A PROFIT WARNING.....ADD THAT TO ALL THEIR OTHER ACCOUNTING PROBLEMS AND ITS EASY TO SEE WHY THE ARE UNLOVED BY THE MAIN MAN........Being of course Mr Market.

Even of a price raise today you get all sells. No doubt this will settle back to 2p and if they are serious about S American operations we may even see sub 1p

[michaelfenton] 25/4/2018 09:37

My suspicion is that RR insisted on confidentiality as a condition of settlement. The precess had been dragging on for years. It must show up somewhere in GDP and RR accounts?

[kimboy2] 25/4/2018 08:13

It is undisclosed because that was the agreement.

You can work is out from the interims.

[shareholder7] 25/4/2018 07:55

RR undisclosed amount paidWhy should this be undisclosed ? This is a public company and we have a right to know how much GP received Should be able to work this out anyway as the difference will end up as a cost in the P@L this year. Unless GP try to hide this, which would be widow dressing

[shareholder7] 24/4/2018 18:29

It's all herehttp://www.goldplat.com/investor_relations_pages/shareholder-analysis

[sea7] 24/4/2018 17:39

it is worth remembering that back in june 2014, it was reported, that kili was producing, on a daily basis 3.18oz per day, based on the annual figure.

Today, it has been reported that in the last nine months, they have produced 3922 oz from kili - this is 14.31 oz per day. That is a 350% increase in production over the last three years and nine months.

Whilst they have run into some lower grades, which is to be expected, as I have yet to see a gold mine that has a nice, even and fully predictable grade throughout, the increases seen since 2014 show how much work has gone into getting it to where it is today.

They have implemented solutions to address this drop off in grades and we will await the outcome.

Overall, ahead of last year, with plenty of facets to the business in play.

[neiljoepeg] 24/4/2018 17:36

Been in this stock for 5 years or more. Just about in green but starting to think I need to invest in a different story. Problem is this is like doing the same numbers on a lottery, scared to stop or pull out in the slim chance it delivers. As mentioned here today there must be something wrong with the company because one sniff of bad or even only slightly disappointing news punishes the share price

The work done over the last 2-3 years to turnaround business has been impressive but in reality it is only work that should already have been planned, sustainable capex. The transformational stuff Killi profit, TSF simple truck and shovel remember that quote! Rand dispute special dividend mentioned if settled have not happened and are nowhere near to starting.

A steady predictable company like GDP,if they are accumulating cash should divi it out. A penny dividend would transform the share price.15% yield on todays close would get us north of 10p quickly. Rant over!!

[kimboy2] 24/4/2018 17:21

The problem is that the share price is determined at the margin by joe punters and they often can act irrationally. This is the problem with a thin market and 70% in small holders hands.

Incidentally I was wondering who the 30% institutional holdings are.

In the video he also referred to Matala and said that they didn't miss it but rejected it. I know that they defintely knew about Matala.

It would seem that they are expecting to get a good deal somewhere and are going to hang out for it. I would much rather they did that than grab something more marginal just to be seen doing something.

As for Kili the target is 5800 and if they repeat Q3/18 they will be about 600ozs short. I suspect that the grade problem is mining technique and getting too much excess material in the ore, rather than a problem with the resource which is huge relative to the amunt being mined.

[michaelfenton] 24/4/2018 16:49

shareholder7 - I suspect you might be right.