Goldplat Share Discussion Threads

[kimboy2] 19/5/2018 22:19

I am not sure why you two take it all so personally. Anyway here are some facts, yes I know they are hated numbers but numbers can be facts as well.


Year 2015 2016 2017 H1/18Output kozs 30,524 37,666 42,857 20,246Op profit -£711k £1.17m £2.91m £1.58m



Sea has outlined how the share price hasn't kept pace with the improvement of the company.

For example last year South Africa made a post tax profit of £2.4m. If you take GDP's 76% that puts the company of a p/e of 5 just on the SA operation.

The important point for me isn't just that it is cheap and profits are increasing but that there could be substantial upside not just from that but also from a mining venture, a Ghana clean up contract or from the stock dam.

IMV the idea that the GDP share price is lagging is because we don't have enough salesmen or because of some supposed contract problems is absurd.

[shareholder7] 19/5/2018 20:38

Thanks DD, yes for someone that supposed to have around 4m Plus shares he is very relaxed about the fall in the share price, unless he is like robson/ Miller, snake belly, lord Lucan, mr worry and a load of others Aliases and is just plain crazy and has no shares at all and just works for GDPCheck back from time to time to see how gdp is doing and good to get your input, but I think we will still be around this price in a years time, with luck (:-

[sea7] 19/5/2018 17:58

that was as a NED, he did not take over as ceo until the feb of the following year.

[sea7] 19/5/2018 17:05

Gerard took over as ceo on the 11th Feb 2015, the share price was 3.25p - I bought the same day, so I have a contract note to refer to.

The stock continued its descent and hit the all time low of 1.75p on the 21st July 2015, again, I bought that day and have a contract note to refer to - this allows me to quote accurate prices.

Gerard had taken over in the feb, the stock hit the low in the july and climbed virtually continuously until jan of this year.

The stock hit a high of 8.5p on the 25th Jan this year. Which is a rise of over 380% from the low of 1.75p to the high of 8.5p.

It is an exceptional turnaround, when you follow the narrative as it unfolded over the last three years and with the years prior to this from 2012 until 2015 viewed as background information.

when we look at what had transpired to bring the company to the point at which gerard took over and then look at what has been done since, it is a great example of a turnaround story. One which I took profits earlier this year and have re-entered now the stock has retreated again.

[shareholder7] 19/5/2018 16:39

Sea are you related to Gerard because check what the Share price was when he took over RR stopped Processing our stuff and sales dried up and they had to get another refinery that was the issue plus of course Kili This is not a great turnaround far from it ask fidelity how they feelAlso Gerard would not want me but it's time shareholders woke up to this mess I would put in one of my contacts to do a two month review of their contract process from top to bottom and report back to shareholders If there is enough support from shareholders to call an extraordinary meeting to vote on this glad to put some names forward Thanks for the support DD and should not have brought back but made my money on Softcat and gave GKG benefit of doubt Hope you are well

[sea7] 19/5/2018 13:48

shareholder - if you feel that you are far better at running goldplat than the existing team on the ground, then please contact them so that they can hear from you.

I suspect that they will not take to kindly to being told how to run the business and take no notice of you.

Please remember that back in july 2015 this was almost on its knees due to the previous BOD. Only one remains and his role is being diminished. Gerard and co. have turned this around in three years and presided over a share price rise of over 300%.

whilst the share price has fallen back, they are getting on with the job. I have been involved with Goldplat as a shareholder for most of the last decade, athough I have been in and out of the stock a few times, I do hear from Gerard every so often and whilst there does appear to be a lull going on, they have just about achieved all they set out to do when gerard took over.

Of course there are items that are not progressing as planned, however, the fundamental strength of the business is increasing, despite it not being recognised in the share price.

I would like to see us at a higher price, however, we are not and I am not overly bothered by that, as the business is stronger than it has ever been, knowing what I know now.

[sea7] 19/5/2018 13:41

shareholder -

the sourcing team is headed up by Morkel plessis in south america



There are corresponding individuals who do the, on the ground sourcing in ghana and south africa, although I do not have their details to hand. They are there though and that was my point, they are techies as well as sourcing.

[shareholder7] 19/5/2018 11:58

That's where you are so wrong KimboyAccounts look at what has happened sales people make it happen If I had one month down there I would drive Gerard wild but would certainly sort the problem out Gerard would not be able to handle me that's why you surround yourself with like minded peopleWhat CRM system do they have ?Have they got the right relationships with?What's the quarterly target for materials and are you monitoring pipe line so that you can see at an early stage if there is an issue ?All totally alien to these guys But if the shareholders are happy with this fine but I would shake it up I know a number of good sales people in South Africa and in one month they would sort this out. Put one of these guys in the board and kick off an engineerThey are doing a very poor job of sourcing material. In your words getting more stockCan't see how you can defend them all the time with the share price where it isOn Kili just watch the excuses staring to come Poor grade Problem with labour Execution issues Can't get diesel Really well what a surprise This will continue

[kimboy2] 19/5/2018 11:39

Well if you are saying that they need more salesmen to purchase stock then I disagree. I am happy with accountants and engineers.

If you say they need more stock then you are right. That is what they are trying to do and indeed are doing as the output has increased substantially.

If you are saying that they should get rid of Kili then I would have agreed 5 years ago, but not now. They have pulled it around considerably and any short term problems are soluble.

The target is 10-15kozs production from Kili with an AISC of around $1,000-1050, which will produce a nice profit of over £2m. I believe that to be achieveale.

[kimboy2] 19/5/2018 10:57

Not sure what your defintion of commercial is but surely it would include the accountants.

[shareholder7] 19/5/2018 10:44

Kimboy you must work for GDP as even if the share price went down further you would be singing their praises and sating the cap ex is on target. Anyone can spend money generating it harder.This is our board of directorsMatthew RobinsonNon-Executive ChairmanAccountantGerard Kisbey-GreenChief Executive OfficerEngineerHansie van VredenChief Operating OfficerEngineerIan VisagieExecutive DirectorAccountantWerner KlingenbergFinance DirectorAccountant Nigel WyattNon ExecutiveEngineerSango NtsalubaNon Executive DirectorAccountantAnton RoodtEngineering SuperintendentEngineer Robert SmithConsultantEngineer Neels GebhardtProduction SuperintendentEngineer Great for a gold mines but not for gold recovery. Not one commercial person here !Love to hear from proper shareholders as we should replace some of the above with someone with commercial sense First thing to do would be Get ride of Kili for £500k and a contract for gold refinery and they take over all outstanding liabilities If Kili was this great then this should be easy to doFocus bank on core business Get a commercial sourcing team on board

[kimboy2] 19/5/2018 09:38

I really think you can shake up GDP by putting in a commercial team to source and negotiate rather than hoping a mine will give you a call.

I think that they have been doing that for about 3 years now.

[shareholder7] 19/5/2018 08:51

Sea I am not talking about selling the gold you don't need commercial people for that, it's the sourcing team and my point is they are not doing this right. We missed the last quarter ( fall in share price ) due to not getting in the material they needed as Gerard said in his interview. Someone needs to be held responsible for this.I really think you can shake up GDP by putting in a commercial team to source and negotiate rather than hoping a mine will give you a callThe sourcing team is the life blood of GDP you can spend all this money on equipment that's fine, but if you don't fill it with profitable deals, waste of time.I am surprised more shareholders are not upset with where the share price is today. Same old story we need to wait another year etc etc etc "The definition of insanity is doing the same thing over and over again, but expecting different results"When is Kili going to make a profit !

[kimboy2] 18/5/2018 15:10

It would certainly seem to sum up how misunderstood GDP and its business model is.

[shareholder7] 18/5/2018 14:56

I think that the lack of interest in my model probably sums up GDP and share price Let's just hope they get lucky with Kili

[shareholder7] 18/5/2018 14:34

Great discussion Sea but I know that gdp get out brought by other companies

[sea7] 18/5/2018 10:40

tks MF,

Buying in the waste and pricing it, is done on an assay of a sample of the material, then a best estimate taken for the job lot.

Goldplat keeps one assay sample, the supplier keeps another and the assay lab, as an independent, keeps a third, which is held in storage and can be used in any dispute later on.

Gerard has stated on many occasions that they have contracts and arrangements in place with all but one (Harmony)of the large players in south africa and material is not shipped in daily/weekly, it is ad hoc, as and when they have enough to justify shipping it out. The frequency depends on how the miner is carrying out its mining operations.

As for sourcing from other mines, it will be a case of phoning them up, introducing the company, asking about the waste they have accumulated, what content it is, where it is, how accessible and can we have it and the terms. Apart from a bit of competition from other waste recovery players, there isn't much competition for the material.

Goldplat is the only listed company of its type and DRD is the closest in terms of the nature of the business, although they are a volume, tailings specialist.
There are a handful of non listed companies, that operate on a smaller scale in respective countries, which goldplat bid against, however, goldplat does have a bit more scale and purchasing power on its side.

Not the most saturated market, when it comes to the recovery of precious metals from mine waste.

[michaelfenton] 18/5/2018 10:18

sea7 - what you sat makes sense to me.