Goldplat Share Discussion Threads

[russman] 23/7/2018 09:13

"low grade material that generates very high margins".
Must be that South American junk.

[1rodson] 23/7/2018 08:51

dangersimpson222 Jul '18 - 23:21 - 5457 of 5457
0 0 0
I'm hoping we get some kind of steer on profitability as well as production given that it is effective a year end trading update as well as Q4 production report. It's great that we now get to see the production figures but they are not the only thing that matters in the business. It is the combination of volume & margin. So we could happen to have some low grade material that generates very high margins but reduced production and this could be viewed negatively by the market.


PROBLEM YOU HAVE HERE IS THAT THOSE RUNNING GDP ALWAYS SEEM TO HAVE A PROBLEM WORKING OUT WHICH IS THE TOP AND WHICH IS THE BOTTOM ALL THEY WOULD HAVE TO DO ONCE THATS FIGURESD IS TO WORK OUT HOW TO OPEN THE CAN!

[dangersimpson2] 22/7/2018 23:21

I'm hoping we get some kind of steer on profitability as well as production given that it is effective a year end trading update as well as Q4 production report. It's great that we now get to see the production figures but they are not the only thing that matters in the business. It is the combination of volume & margin. So we could happen to have some low grade material that generates very high margins but reduced production and this could be viewed negatively by the market.

[sea7] 21/7/2018 20:35

a full update on ghana would be good - the elution column is up and running - what impact is it having on cashflow, have they finished clearing out the old CIL stockpiles, did the other new kit get installed - new sourcing channels.

[pog1234] 21/7/2018 18:54

Yes, a share price in excess of 6.25...

[1rodson] 21/7/2018 13:00

Thx but With that kind of news I guess the fog will open down on Monday!

[kimboy2] 21/7/2018 12:04

Any predictions or expectations for Monday, assuming we get an update

[sea7] 20/7/2018 17:21

1rodson aka yoda - wait you will as there is....

[1rodson] 20/7/2018 11:32

Wait you will as there is nowt positive to report and another bout of negative news will send the share price into oblivion!

[russman] 20/7/2018 09:46

2 months without any GDP news.
We await the update.

[1rodson] 20/7/2018 09:43

I see the buyers are wisely steering clear of this dog today.

[sea7] 19/7/2018 14:07

Clearly I am not on filter- eh rodson, as you would not have known that post was aimed at you.

[sea7] 19/7/2018 12:59

I see rodson aka miller, is slating goldplat again - still hasn't overcome his losses then.

For the record, his precious, loss making, suspended, ever issuing shares, lionsgold has a mcap of £13.5m and generates - zero revenue and has taken on more staff, meaning cash going quicker - more equity fund raising.

Goldplat is currently at £10m mcap, is trading, hasn't issued shares in nearly 8 years, and has revenue, way in excess of lions mcap and is profitable.

obvious which looks a better proposition.

[1rodson] 19/7/2018 12:25

Can't really see this small small, very small cap going anywhere but down given it has such a large spread,

[1rodson] 19/7/2018 09:45

Looks like lots of sellers in the background just waiting to get out of this dog.

Great news from the Lion today via RNS

[sea7] 19/7/2018 09:32

last year the trading and ops update was thursday 27th July, so any day now, for an update I would think

[kimboy2] 19/7/2018 08:21

I think the market is so thin that it is difficult to conclude that there is an underlying seller. There are perhaps 3 or 400 shareholders and on any day 1 or 2 are probably wanting or have to sell.

ISTM that, given the retail nature of the shreholding, that they need to make the numbers more retail friendly.

There was talk of getting Edison, or some such, to do a report. This will hopefully get around any restrictions on the broker reports. I suspect the brokers tend to exaggerate these problems so they can dish reports out to their private clients.

It would also help if the accounts showed a clean number without the foreign exchange stuff. They clearly have to put it in but a spearate figure would make the numbers better understood.

Anyway I suspect we will get an update on Monday so we shall see. I am hoping for progress on the stock dam.

[ironstorm] 18/7/2018 07:29

That was me. Yes. I am sure I dealt in larger numbers previously. My deal pushed the online buy price up to 6.2 at the time. Will buy more if I can get in under my buy price. Not that I expect it.

[dangersimpson2] 18/7/2018 00:19

I assume yours were the 2 x £5.5k not the £300 & £500! It's actually quite unusual to be able to trade as much as £5k through the RSP and certainly without moving the price. Makes me think we probably had a larger seller in the background and the 2x £5.5k has cleared the last of them out.

[ironstorm] 17/7/2018 13:21

I have been watching these since I lost got out and never expected this opportunity.

So I have just bought back in. No volume available on line had to do 2 small trades.

Should be back over 6 to buy now.

Keep up the good work guys in here.

[sea7] 17/7/2018 10:40

Miller, have you been buying stock in GDP. I see a buy a trade for 13 shares at 5.89p.
The princely sum of 76.57p

[kimboy2] 17/7/2018 09:23

The point about Joe Punters is that they tend to be driven by sentiment rather than by analysis, which creates opportunity. We could at some stage, as ISTR DS pointed out, be swamped by overexuberance as we are by underexuberance at present.

The update on Monday (or whenever) is not a final judgement or a goal but just a signpost on the execution of a strategy. The strategy is to produce about 50kozs of gold in recovery and up to 10kozs from Kili.

If they can do that then GDP will be making £4-5m attributable and the share price will be between 20-30p.

The two components that need executing are getting Ghana up to 20kozs from the present 10kozs or so. There are two fuid beds going in which will add 3kozs. The rest will depend upon getting sufficient relaiable supply of material to justify the investment.

The second component is stage 3 at Kili. There are two factors here. Firsty getting profitability up to actually produce the cash and secondly getting sufficient relaiable material to process.

The good thing is I don't think stage 3 is very expensive as they have quite a bit of the tackle, perhaps $1m. The rest is just sorting technical problems.

All in all I would reckon perhaps 18 months to achieve these objectives.

Then there is a mining deal, Ghana and elsewhere clean ups and the stock dam but these are to some extent outside their control. I would tend to view them as jam on top when they happen, which I think they will.

[michaelfenton] 17/7/2018 09:06

santori - nice sensible thoughtful comments - thanks.Confirms my mostly positive thoughts.

[utsushi] 17/7/2018 07:18

Stocks always have a tendency to go down after they have gone up, I think it may have some thing to do with investor psychology, I get a sense that with GDP the buyers are starting to get more involved here in this normal pullback, hence I don't see the stock reaching 5p, 5.25p-5.5p maximum because the valuation is simply too low.

As KB2 says, there are many Joe Punters here, they are useful for providing liquidity at the tops and the bottom, in the middle its just fluff, stocks will trend towards their intrinsic valuation longer term, no matter what the short term fluctuations are-assuming news flow confirms of course...

Finally, what I like about Gerard Kisbey-Green CEO and his management team, is firstly his sense of the "big picture", how they are slowly improving the infrastructure of the plants, Ghana and Killimaphasa Gold Mines, upgrading efficiency and output, it would not surprise me if they did not have a view to selling out to a major like AngloGold Ashanti or Kinnross Gold in the next 5-10 years.

Secondly, they have a sense of "balance", they are not taking on too much debt, are maintain healthy cash balance, and are using the CAPEX spent wisely-these are all very encouraging qualities for the future growth "potential" of the company.