Goldplat Share Discussion Threads

[kimboy2] 07/5/2018 18:53

Whatever the merits of the company nobody can claim that their works are photogenic

[sea7] 07/5/2018 18:50

nothing we do not already know, however, nice couple of aerial shots of GPL, with accompanying article dated march 2018.



Goldplat is a green gold producer

[sea7] 07/5/2018 16:09

Cannot remember if I posted this before, however,



goldplats letter of support to the UNEP global mercury partnership

[sea7] 06/5/2018 12:06

I tend to agree there kb about profit per oz, however, i always like to underestimate where possible, so that I can see, what I think will be the lowest valuation, which ensures that I am not being too optimistic.

[kimboy2] 06/5/2018 11:31

I very much doubt that they will bother with the uranium as I suspect it is below an economic grade, as well as being problematic generally.

They have been reluctant to reveal any figures for the stock dam. Prwsumably this is because of negotiations over the pit.

It would seem the pit is the most profitable but I reckon that they would do best to take a less profitable option and recycle the cash into other projects.

Also I suspect the profit per oz will be nearer $600/oz than $200

[sea7] 06/5/2018 10:27

If they can recover 50k oz gold from the stock dam and make $200 an ounce profit, then that comes in at $10m or about £7.4m in profit, over the life of the project. I have not looked at the silver or uranium recoveries, however, we can see that there is profit locked in that stock dam, at a conservative estimate, which equates nearly three quarters of the current mcap.

With cash of around a million at the last accounts and about 32k ozs of gold contained in material on site, which at about $100 profit per ounce, gives us $3.2m or £2.35m of contained profit, we reach a simple valuation of £10.75m for these assets, against a mcap of £11.30m

This makes the stock very good value at these prices, with nothing in the price for the mining in kili or ghana and any other prospects that are in play.

[kimboy2] 06/5/2018 09:02

Well I don't think a dividend is going to happen in the short term. What they need to do is to produce the numbers and they will do this if they keep the plants going at full crack.

The best way to achieve that is having sufficient inventory to feed them, and that costs cash.

The figures for 2017/18, which ends in June, will show a reasonable profit. However they will be damaged by the impairment and the slow Q3/18. Hopefully these will be sorted by June for the next FY.

IMV the biggest thing may be something coming out of the blue. The stock dam, though not quite out of the blue, could be closer than we think. I suspect that they have got fed up waiting for this pit and will just get on with it.

That could add £1-1.5m post tax and minority profit to GDP.

Then there is the Ghana clean up. This could be anything from nothing to perhaps 100,000 ozs pa. It is in the Ghana governements hands but they are committed to timescales in the Minnamata Convention.

Then there is the potantial mining venture which could be anything from 5kozs to 50kozs. The effect of this will depend on the terms. If the terms are better than projects that they have turned down then the effect on the share price will be dramatic.

Anyway none of this 'out of the blue' potential is in the price. How could it be at a p/e of 3 or 4?

[michaelfenton] 06/5/2018 07:56

IronStorm. - I agree but just cannot see it happening. Real patience required here and I am in for the long run and still sitting on a small profit even at this depleted share price

[ironstorm] 06/5/2018 07:25

I'm not in here. But it is possible a divi would allow the price to appreciate.

They are doing a good job operationally if the city saw money being returned it might see a more attractive valuation. Does not have to be much to start with either.

[sea7] 05/5/2018 09:20

differences between the march presentation in the downloads section, against the april presentation available under useful links - corporate presentation.

april presentation is at market close 26th April 2018.

page 1 growing - 107% premium to share price from 106%
page 2 smooth the graph out.
page 4 H1 2018 figures removed
page 7 removal of gold contained figures on site, add in contract renewals underway.
page 8 add completion of elution column.
page 9 removal of H1 2018 Production figs. more details added
page 12 add in details, remove large font percentage figures
page 13 financial results removed - graphs showing trends in place.

[sea7] 04/5/2018 21:10

i agree there, no divi this side of a mining acquisition.

A decent cash pile will give them a better buffer against adverse events and allow them to bid more aggressively for a lot more feedstock.

They have done the heavy lifting in terms of completing the capex program and putting solutions in place against the single refiner risk, as well as the contractual issues, that they dealt with first.

There are several items to see progress on and then 20p would not be such a tall order, as it has been so far.

[kimboy2] 04/5/2018 20:59

I don't think that they will bring in a dividend this side of a mining acquisition. The probability is that they are going to get something this year so all these arguments will be hypothetical.

What is likely to happen with any cash is that they will buy in inventories, which may well offer the best return.

What GDP have to do to improve the share price is to keep making incremental improvements, which they are doing, and keep the works humming along, which they are not doing completely.

IMV if they did that we would soon be 20p and any mining venture would be the cream on top.

[sea7] 04/5/2018 20:07

I prefer the stockpile cash option. Build a decent war chest and then they will attract a higher price that way.

Once they have reached a comfortable cash level, then re-introduce a modest divi.

[kimboy2] 04/5/2018 19:58

The basic problem is as Gerard pointed out that 70% of the shareholders are punters, and the price is determined at the margin.

While I am on about it I am not sure how he got to 30% instituional holders. There is FIL with 9% and Cannaccord with 5%. Perhaps Martin Ooi is fronting an institution. Anyway not sure how it adds up.

IMV the best thing to do atm is buy backs. They can always sell them back in the future if they have 'a liquidity event'.

[kimboy2] 04/5/2018 16:04

I don't think they will raise money in the short term and suspect it is probablyhampering their search for a mining deal. It is far easier to decide to buy when you have paper at a p/e of 12+ rather than the 3 or 4 at the moment.

[russman] 04/5/2018 15:47

Do a joint venture.

[sea7] 04/5/2018 13:38

Thanks for that DD.

Glad to see you are getting decent returns.

[dangersimpson2] 04/5/2018 11:20

I don’t think they want to raise money in the short term and no where near today’s price but I think it is part of a general move to try to get the story out a bit more. A lot of people won’t touch mining stocks on AIM for good reasons but with the recovery operations GDP is much more stable and cash generative than your average mining stock.

[discodave4] 03/5/2018 23:58

S7Glad I didn't offend you, he certainly is one twisted and disturbed individual.PF profit up 26% ytd so doing really well thanks, still learning and guess that should never stop.Hope your doing well too, you struck me as someone that would never not be doing well with your investments.Good luckDD

[kimboy2] 03/5/2018 19:28

Generally companies wh do these sort of things think they have a good story to tell, or are wanting to raise some money.

[dangersimpson2] 03/5/2018 19:01

Anyone tempted to go to the may 21st presentation? I'm guessing we won't learn anything we don't already know from the presentation but the chance to catch GKG one to one may be worth the trip.

[sea7] 03/5/2018 18:37

not reading too much into that shareholder. Just those that were interested in attending I suspect.

[shareholder7] 03/5/2018 16:53

Interesting meeting SeaFunny thing two are my investments GDP and Volition Volition have had a poor run on the share price after hitting $5 and sales are going slower than expected Try selling to the NHS Plus product still in development and testing Maybe these are all a load of sub prime shares being bundled up into product someone what's to sell us (:-

[sea7] 03/5/2018 14:53

thanks kb - they put goldplat first, so they are drawing the readers attention to GDP before the others.

[kimboy2] 03/5/2018 14:30

presentation 21st May;