Goldplat Share Discussion Threads

[sea7] 31/7/2018 07:35

It is the first time gerard has mentioned kyebi to my knowledge - I had looked at various sites in ghana and kyebi was on that list of possibles - now I know where the pilot plant is.

noted from the rns - a bit of innovation going on......

During the Quarter, the pilot plant acquired for use at Kyebi was used on a trial basis to process tailings from the spiral plants at GRG.

[kimboy2] 31/7/2018 06:57

Not sure if the RNS is there first confirmation of Kyebi as the Ghana clean up area. It looks fairly large;

[kimboy2] 31/7/2018 06:13

The actual numbers are;


2017 2018 VSA ForecastPre tax profit £2.836m £3.801mPost Tax Profit £1.976m £2.661mAttributable £1.348m £1.815mEPS 0.805p 0.108pP/E at 5.5p 6.83 5.09





This includes a substantial loss at Kili of perhaps around £1m.If that is around break even, as they claim it now is, then if everything else stayed the same we would be on a p/e of 3.3.

In addition there will be a full year of the elution column in Ghana this current FY. There is also potential expansion of Ghana to 20kozs, the stock dam and Ghana clean up.

[kimboy2] 31/7/2018 00:05

Perhaps the most significant news today is that they may be able to toll the stock dam.

[kimboy2] 30/7/2018 23:46

GDP says that pbt is in line with market expectations. If you look at the VSA report, which was the market expectation, you will see that meeting PBT expectations is consistent with an attributable profit of £1.815m.



As for £4-5m attributable I don't believe I said that this could be possible last year. I forecast £2.4m for 2018, which it would have surpassed if Kili had broken even.

[kimboy2] 30/7/2018 23:37

Well a p/e of 10 implies a 10% return on your monry which I view as fair for a company which isn't growing. GDP is of course growing with profits up substantially for FY 2018.

As for a p/e of 9 well GDP is on something like a 5, ignoring FX movements, and that is after a substantial loss at Kili and a write down at RR - both of which won't apply this current year hopefully.

[kimboy2] 30/7/2018 22:40

Attributable profit £1.8m (incl loss at Kili) market cap £9m = p/e of 5

[sea7] 30/7/2018 22:19

anyone notice that late trade report of 500k shares bought at 5.65p - timed at 11.50 when the prices were 5.25/5.75

[sea7] 30/7/2018 22:14

and before you ask, the share price is lagging, because the drop in ounces produced, has been communicated, combined with the selling of gold due to stronger dollar.
Thus sentiment to goldies is off

example

centamin is down 35% since august 2017 -
randgold resources down 35% since september 2017
goldplat down 35% since january 2018

[sea7] 30/7/2018 22:10

and no, the results are not pathetic, the annualised figures we are expecting at the operational level for full year, are set to be the second highest the company has recorded in its history and shows a continuation of the upward trend, established a few years ago.

[sea7] 30/7/2018 21:55

nope - not the wrong people - unless you have the specific metalurgical knowledge about buying this sort of stuff, understand the nature of assaying, have good ability to make a judgement call about what you believe to be the gold content in a consignment by looking at it, in conjunction with your independent assayed sample results, then you are not going to do to well at the job.

You cannot learn this sort of stuff at sales school. You do not need some, double glazing sales strategy of hunting out the leads and then having someone else close. The mining areas are not too difficult to find, the points of contact at these sites
are either known, or able to be reached and are not remotely interested in someone that doesn't have metallurigical knowledge.

Those that are schooled in metallurgy are the ones who source in this business - no in depth sector knowledge, forget it, you won't get far.

You make the calls, you speak with the mines, you turn up, you close.

[shareholder7] 30/7/2018 21:54

Sea with respect you don't understand sales You have two people, the hunter takes the target on their back and the presales people support themIn GDP all we have are presales people and no hunters You don't fire presales people because They are valuable and hard to replace, where as hunters come and go on their results The results at GDP are pathetic but who is getting fired No one This is why this share is going nowhere fast

[shareholder7] 30/7/2018 21:43

You need a combination A hunter and the people we have This is why GDP are going nowhere fast Time to wake up

[shareholder7] 30/7/2018 21:42

Wrong people sea wrong people

[sea7] 30/7/2018 21:13

When I first got into goldplat all that was mainly processed was woodchips - good earner, however, the available stocks of woodchips has dropped off, to the point that the CIL section is now the big earner, hence the focus.

The by product sections have seen supplies slow up, due to the drop off in local mining, hence overseas and smaller player focus.

The business model is adapted and evolves to the landscape. Gerard has indicated that the results will be in line with expectations, which is where we expected to be.

We will get the numbers in september and by then we will nearly be at the end of Q1 and hopefully some decent progress in other areas.

[sea7] 30/7/2018 21:07

kevin stroud that works at sibanye gold is one of the sourcing guys there- he does not have a traditional commercial background in sales - he studied maths at uni and had consultancy roles, with some project management.

All guys that turn up at mine sites, must know what they are talking about and how to speak with mine reps. You need to have a background in metallurgy or mining at least to even get someone to listen to you or take you seriously. This isn't buying and selling cars.

[shareholder7] 30/7/2018 20:47

Yes sea you might start to see the light soonSame old gdp same old gdp

[sea7] 30/7/2018 20:34

shareholder

ghana..

Most of the region’s major gold producers and a number of smaller operations have contracts with GRG for the processing of their by-products, which include fine carbon, fine carbon sludges, steel and rubber mill liners, wood chips, slag, scaling and grease.

overall...


Clients include most of the significant gold producers in South Africa and Ghana as well as numerous producers from elsewhere in the world and an increasing number of PGM producers, and a number of refineries requiring the processing of concentrate materials prior to final refining as bullion.

from a recent goldplat report...

The mining industry in South Africa remains under pressure and closure of mining operations with consequent reduction in production took place throughout the year and is expected to continue. The major impact to date has been on the gold mines,
with this gradual decrease in gold production resulting in a decrease in availability of by-product material for GPL.


With production from the CIL circuits becoming more strategically important than from the by-product streams,focus is now on procuring long-term supplies of material to feed these circuits. Numerous projects are underway in partnership with existing clients and a large strategic batch of material was procured during FY 2017. Metallurgical test work is being conducted on this material to improve recovery rates and profitability.

As a result of the strengthened strategic sourcing team, smaller precious metal producers are now also being visited to source by-products in addition to those received from the large mining companies. Volumes at the smaller operators are lower compared to the larger mining companies but increases our footprint as service provider of choice.

[sea7] 30/7/2018 20:27

old ground shareholder, old ground

[shareholder7] 30/7/2018 20:09

Again Sea you come to the aid of GDPThey are a team but not a commercial team