Goldplat Share Discussion Threads

[michaelfenton] 16/8/2018 07:26

Lets face it Goldplat has been dissapointing? However I prefer to remain on board as I hope rather than think that one at least of the slowburners will turn up trumps and be a game changer? That is why I am still invested although I have considered cutting my losses and hrading for the door. Glad to see the discussion is not getting out of hand as differing points of view are essential.

[kimboy2] 16/8/2018 07:03

Well if profit is in line with market expectations and Kili performed significantly below then that would mean the recovery operations performed above expectations.

[kimboy2] 15/8/2018 22:35

Well a number of things;

1. The are under promising and over delivering on South Africa and Ghana
2. I don't think a p/e of 7.5 is reasonable for a rapidly growing company
3. It would be surprising if investors thought any expectations for the current year were pie in the sky. An eps of 1.8p seems reasonable to me.
4. We were told that Kili in June was 'close to break even', with further initatives to come.

[1rodson] 15/8/2018 16:02

'Twas an easy call to make earlier today now back down to around 2p looks very very probable.

[kimboy2] 15/8/2018 13:25

Possibly...except of course last years figures include a write off of about £300k for RR and Kili's loss in H2/18.

Anyway the forecast for the present year is an eps of 1.8p which puts us on a p/e of 3.

[kimboy2] 15/8/2018 11:34

With the right management and the right imagination this should be a damn sight more than a run down piddling £9m market cap company, constantly over promising and under delivering.

Well the last update said that they said that profit before tax would be in line with market expectations.

GDP is a punt and linked to the Gold price which is tanking at the moment as it’s being dragged down with commodities as a world trade war looms.

You would think that this was incontestable as per the graph above. However as it happens the rand price of gold has actually risen by 8% in the last 6 months including nearly 5% in the last month.

GDP is currently producing a profit of some £150k per month. I look forward to them investing this in buy backs to take out bored Joe Punters.

[sea7] 15/8/2018 10:48

hardly big sells miller - largest of the six sell trades was 83k shares or £4300. Hardly big sells, although, maybe for you.

[michaelfenton] 15/8/2018 08:33

DD I understand your point of view and as a shareholder you have every right to post it. I always read all posts from both sides if they are reasonably argued. I personally appreciate KB2 although I do realise that he usually looks through rose colored spectacles.Have a good day.In the end on AIM we have to make up our own minds whether the risks are worth it?

[michaelfenton] 15/8/2018 07:30

Most on here take the negative view that the glass is half empty whereas KB2 take the more positive view that the glass is half full. He seems to accept that things have taken too long but is a believer. he also does his own research and calculations. It seems that most who are often not shereholders just like to knock GDP. It is a very small company with a small management team. I am sitting on a loss and have 200,000 plus shares. I still hope that with some luck it will eventually come good. Kili has been my biggest worry.

[kimboy2] 15/8/2018 07:26

Try using reasoned argument rather than unsupported assertions, and don't take a disagreement so personally.