Goldplat Share Discussion Threads

[shareholder7] 18/5/2018 00:07

Kimboy you could work for GDP as you have no idea what I am taking about

[shareholder7] 18/5/2018 00:05

Kimboy not the sale of gold but the negotiation for waste materials

[kimboy2] 17/5/2018 17:48

Don't quite see why you need salesmen to sell gold.

The basic point is that the company has been doing much better than the share price I am not altogether sure that the company can be blamed for that.

[shill10] 17/5/2018 14:54

Lionsgold suspended...a minute's silence for Millar's portfolio please.

[kimboy2] 16/5/2018 11:50

Well I think we are agreed GDP is undervalued and nothing much recently has ameliorated the situation. However I am not sure the presentation is a waste of time, but it isn't going to transform the share price

I think if they get someone like Edison to do a research note it will create a larger effect. This may happen after the final results.

On numbers they have been improving but have not been clear due to RR impairment and currency movements. There seems to be a suggestion that they will adjust the numbers for exceptionals in the final results so that may be interesting.

As for keeping too many balls in the air there are two problems at prsent. Firstly maintaining sufficient material to feed the plants and this is being tackled aggressively.

The other problem is the grades at Kili. This is either due to mining method inefficiency or incomplete understanding of the ore body. These are perpetual problems with a mine and are tackled on an on going basis.

As for Matala the cost would have been £11m and the operating profit would have been about £11m pa.

IMV I think something like that is worth the risk. The main risk is if we wait too long then opportunities may no longer be available.

[michaelfenton] 16/5/2018 11:45

Good luck and look forward to learning your comments.

[dangersimpson2] 16/5/2018 11:34

I agree with those sentiments and I'm happy to make those points to GKG on 21st (although probably not in those exact words!) For me the value is not the presentation but the opportunity to hopefully get a bit of time face to face with management.

[michaelfenton] 16/5/2018 10:34

shareholder7 - I am inclined to agree with you. Gerard should be concerned by the falling share price however his previous PR messages have not had the desired effect? We need decent news and improved numbers if he wants to attract new investors and reward some of us longterm holders. kili still loss making? Stock dam? Sometimes jugling so many balls means you take your eye off some of them.

Not buying Matala is a blessing in my opinion lets get all areas in profit before buying another mine and losing focus again?

[kimboy2] 15/5/2018 13:31

Matala and Dunrobin mine were bought by Alecto Minerals before it bought the Mowana copper mine and changed its name to Cradle.





Basically it was a mine they bought for £1.5m. It has a resource of 760kozs.

The economics were for a 30kozs operation for about 4.5 years at a cash cost of around $700/oz. The capex for this was around $14m.

Cradle sold it when it became non core and they needed every penny they could get to support Mowana.

GDP defintely knew about it and gave it a close examination, but rejected it. It may be some problem that we don't know about, or it may be that they think that there is better value out there, or it could be that they felt it too big a risk.

Whatever the reason it could give a useful steer on what we may expect.

[dangersimpson2] 15/5/2018 09:27

Sure, happy to ask about those topics.

Have you got any background on the history of Matala? I don't want to ask the question and then not have the background to understand the answer!

[kimboy2] 15/5/2018 07:17

I am not going however I would welcome any reflections you have. In particular anything on how close we are to a mining venture, Ghana clean up or processing stock dam.

On the mining venture see if you can find out what was wrong with Matala and what the criteria they are using to sift through the possibilities.

[dangersimpson2] 14/5/2018 23:30

I've registered for the Shares event on 21st. Will aim to get some 1-1 time with GKG in addition to the presentation and get a feel for how he thinks the company strategy is progressing. Also will see if the short term production issues have been resolved.

PM me if anyone else is going and want to share thoughts on the day.

[sea7] 13/5/2018 20:36

I see that Kilimapesa gold is considered a key stakeholder in kenyas plans to reduce/eliminate mercury in mining.



Page 11/12

key stakeholders and how they will be engaged in project design/implementation

mining companies...

kili is referenced here.

[sea7] 12/5/2018 12:43

Newer version of satellite imagery

[1rodson] 12/5/2018 12:42

a massive drop in the share price but then I dd warn ya'll it was coming so no excuses if ya'll got caught.

[1rodson] 10/5/2018 17:48

PUNTERS BE WARNED THE MARKET DOES NOT THINK MUCH OF THE SOUTH AMERICAN DEAL

ITS ALL COMMON SENSE REALLY THEY CANT RUN THE COMPANY ON THEIR HOME GROUND....THEY WILL BE TAKEN TO THE CLEANERS IN SOUTH AMERICA TAKING YOU MONEY WITH THEM,

HOWEVER ITS YOUR MONEY THROW IT AWAY IF YOU MUST.

[1rodson] 10/5/2018 17:45

sea715 Apr '18 - 15:37 - 11 of 12 (Filtered)

0 0 0
Kimboy216 Apr '18 - 07:37 - 12 of 12 (Filtered)

[1rodson] 10/5/2018 17:41

I SEE THE OLD DOG STILL CANT HOLD ON TO ITS GAINS YOU MUST BE MAD TO BE INVESTED HERE,

[sea7] 07/5/2018 19:24

Plenty of opportunity for goldplat in kenya...



3.1.3.
Distribution of Benefits across the Supply Chain

Gold production at Osiri was estimated at around 228 g per day based on an average
daily ore production and grade of 12 tonnes and 19 g per tonne, respectively.

[sea7] 07/5/2018 19:10

I expect Goldplat will be heavily involved here as well...



UNDP will be supporting the Government of Kenya to plan for the implementation of the Kenya GEF GOLD project, which is expected to start in early 2018. The project plans to focus on strengthening institutions and the policy/regulatory framework to support mercury-free ASGM, increasing financing opportunities for ASGM miners and cooperatives as well as capacity for mercury-free ASGM through provision of technical assistance, technology transfer and disseminating best practices. The project will also aim to raise awareness about the dangers of mercury and help connect miners to gold markets.

In Kenya, the ASGM sector dates to the 19th century. ASGM activities occur mostly near Lake Victoria, where there remain significant underexplored or underexploited reserves of gold in high concentrations. ASGM is mostly found in the counties of Migori, Kisumu, Siaya, Vihiga, Kakamega and further up north in Pokot and Turkana. The total number of artisanal small-scale gold miners in Kenya may be close to 250,000, but this is on the increase as more people shift towards gold mining as a main livelihood source, due to a decline in agricultural productivity within the region.

[sea7] 07/5/2018 18:56

nope, maybe not!!