Goldplat Share Discussion Threads

[morar1] 11/7/2018 23:05

I've had a few more of these this week. Hard to resist really.
I've never been a fan of buy backs. I'd rather have a divi if there was a choice, bird in the hand etc.
However I much prefer the declared intention to reinvest in the company. Steady growth and look for sound prospects for expansion, that'll do me.
The management are doing the job, at this price I'll continue to buy.

[1rodson] 11/7/2018 17:34

Not much point in even bothering to acknowledge S7 and his dog KB2 it will be the same old shut and the mugs will keep following them as they know no better and the share price well IT KEEPS FALLING. Lololololololololo You just can't make it up.

[kimboy2] 11/7/2018 17:00

I don't view the results from last year as particularly critical to a valuation to GDP. Last year has gone and they are only valuable as a guide to the future.

IIRC the forecast for last year was about £1.3m attributable. In the interims, if you add back the RR impairment and exchange rate, you get about £1m. The y/e forecast should be easily achieveable. I am expecting more.

The fact is that GDP are on the up. The operating profit in 2015 was -£711k, in 2016 £1.172m, in 2017 £2.9m and the interims were £1.578.

The question isn't how much did they make last year but how much can they make in the future. Relevant to this will be last year, any incremental improvements and any major developments.

I understand the argument on buy backs. Manolis showed imagination and spent a load on exploration projects!

If they want to spend money on incremental improvements like expansion in Ghana or stage 3 at Kili then that should be a priority. If they have sensible projects such as the clean up in Ghana or elsewhere or even a mining venture that looks good then fine.

If however they have cash stuck in the bank, and the forecast EV/Ebitda of 0.3 in a couple of years suggest they will have a heap, then why not have buy backs?

They can always resell the shares if they have something to spend it on. If the p/e remained at 4, which it wouldn't, they would have bought back the company in 4 years.

As for banana skins this is something we hear about intermittently. The major issue was RR stopping processing material. That was about 5 or 6 years ago.

The biggest frustration to me is delays, but ever was it thus with resource companies.

[russman] 11/7/2018 14:35

Large line on the block.Options crystalising.

[shareholder7] 11/7/2018 11:52

It's difficult to say that this is cheap until the final results come out.By now they will know what the results are and it's interesting that the market makers are now reducing the price.We might have a Banana skin to deal with at year end and share price might fall further.It's cheap if they do what they say but we have all been here before

[michaelfenton] 11/7/2018 10:15

Looks like I am not the only one who thinks sub 6p is cheap?

[sea7] 11/7/2018 08:08

The spread is 5%. Hardly off putting on an Aim stock - sell 5.6p, buy 5.9p

[sea7] 11/7/2018 08:05

Anyway, I can currently get stock at 5.9p, so absent any buying, I would expect the offer, to move down to 6p, from the current 6.25p.

[michaelfenton] 11/7/2018 08:04

Added another 30.000 shares at 5.9p. What is going on?

[shill10] 11/7/2018 08:03

says the man who put most of his cash in a share now suspended indefinitely lol

[1rodson] 11/7/2018 08:01

Wow look at the spread surely this can't be a viable buy for the prudent investor!

[sea7] 11/7/2018 07:57

I have always been of the view that buybacks are a sign that management is not creative enough and is taking the easy way out regarding capital appreciation.

I would rather they plough that money back into the business and ensure they have a good capital buffer, ensure the balance sheet is robust and that the net working capital position starts to take more of the value of the share price.

The net working capital position as at the interims was 2.69p per share. This has slowly been increasing as each reporting period has passed. I would like to see this figure get back to the 4.77p it was in 2012.

The NCAV in june 2012 - 4.77p - share price 14p.
The NCAV in march 2018 - 2.69p - share price 7p

As you can see, the share price is roughly three times the NCAV in each example.
The strength of the NCAV is reflected in the share price on a fairly stable basis.

When Junes figures come out, we should see another uplift in the NCAV, which should push the expected share price up to a new level.

This is currently under priced, based on its historical performances.

[michaelfenton] 11/7/2018 07:57

Kimboy2 - I think the profit numbers are critical the progress on a mining venture, dam and Ghana clean up whilst important to us long term holders will do little to improve the SP? Maybe when they get back to paying a dividend people will sit up and take note? Otherwise this is a forgotten stock? It is by now by far my biggest AIM holding. Too big maybe but just seems so undervalued?

[kimboy2] 11/7/2018 07:52

Well as we now know Dan is living in a council flat on disability. IMV, and I am not an expert, he is probably suffering from various psychological conditions.

The interesting point is though whether his rants and lies have any effect on the share price particularly in a thin market like GDP is at the moment.

I have seen counters on various boards as to how much footfall they get. It would be interesting if we could get one for a GDP board.

[sea7] 11/7/2018 07:37

I seem to recall hearing this garbage from you rodson, when you were posting as dan miller. You screamed for everyone to sell when it was in the 2p range, just before it climbed over 350% - we were buying. That was of course after you were demanding that everyone buy, just like you did at 16.5p (the all time high)and the stock subsequently dropped to 1.75p.

I think I will ignore your comments, based on their historical inaccuracies.

[kimboy2] 11/7/2018 07:25

I think some consideration is being given to buy backs. Of course whether they happen or not will depend on the situation at the time - cash available, other projects etc.

It may well be that it is always better to buy in inventory or to implement whatever the next incremental improvement is.

As for last years results we will know more in a week or so, but I think they will be OK. My calc is £2.4m minus RR write off and the exchange rate calc, whatever it it.

Perhaps the most important things are the progress made on a mining venture, the stock dam and the Ghana clean up.

[1rodson] 10/7/2018 22:16

YOU BUY THIS TOMORROW WHEN IT HAS FURTHER TO FALL BY NEXT WEEK AND MAN YOU ARE BIGGER THAN THE BIGGERS FOOL, EVEN MORE, STUPID THAN s7 AND HIS SIDEKICK kb2

michaelfenton10 Jul '18 - 21:11 - 5423 of 5423
0 0 0
Kimboy2 agreed why no buybacks. I will be adding again tomorrow again. I do hope that the next set of figures are good or I will feel a fool?

[michaelfenton] 10/7/2018 21:11

Kimboy2 agreed why no buybacks. I will be adding again tomorrow again. I do hope that the next set of figures are good or I will feel a fool?

[1rodson] 10/7/2018 19:41

KINDA FELT IT WAS HEADING DOWN HENSE MY HELPFUL POSTS OVER THE PAST WEEK OR SO.

Sincerely trust none of you diehards got burned again.

For the dummies here please keep following S78 and KB2 shame they need all the encouragement that they can get!

[kimboy2] 10/7/2018 19:19

The share price is down pretty much because it is down. A bored punter sell £5k and it is down.

IMV these movements in thin markets could be avoided with buybacks. Indeed if the EV/EBITDA is going to be 0.3 in a couple of years, as forecast,it should be a priority.

[sea7] 09/7/2018 19:12

zzzzzzzzzzzzzzzzz