Goldplat Share Discussion Threads

[risa5] 26/8/2018 14:31

Gold has been at its lowest for sometimes once it picks up again goldies will respond accordingly.

[1rodson] 26/8/2018 00:03

BALANCED ASSESSMENT FROM ANOTHER BB.

“Anyone care to explain ANY SELLING AT ALL?”

I reduced my holding by 50% in July in anticipation of an expected hit to the share price today. I have to say it was not easy to sell - GDP has become very illiquid with few buyers about. I have some hopes for recovery but the KP gold mine is a dead weight. When I invested originally it was a debt-free, profitable, dividend-paying company doing good recycling work. KP was a vanity project which should never have been considered. Expansion of the processing plant is fine but only if sufficient raw materials can be sourced and in spite of efforts nothing significant has emerged outside Africa. If ever there were a case of the need for keeping it small and simple, this is it.

I was right to be nervous.30 Jul '18The pilot plant for Ghana clean up is in kyebi - that is new news - we await the ghana steering committee's next move.
Kili is in discussion over a j/v which could mean someoene offers to buy it, as gerard indicates shareholders realising gains from the mine.

Kili has shown a large increase in production over 2017, however, Q4 has been down - perhaps a labour dispute was brewing over plans to cull some staff from plant 1 - as they indicate that they have all been retained.

results in line with expectations, however, much work to do, as always.

I was right to be nrevous.30 Jul '18A poor RNS? The main reason in my opinion for the dissapointing announcements is that with so many balls in the air management is struggling to keep up and consequently there is what I like to call slippage? However no real good news to report and Kili still loss making (a bit of a shambles?)

I still have faith but it is dented. share price may drop further?macaumike

Woke up this morning early feeling30 Jul '18strangely nervous. I have been in GDP for ages and have watched the slow progress which is not reflected in the share price due to sentiment and previous management banana skins. RNS today (hopefully) should be positive however I am apprehensive. If the RNS is delayed this is probably positive as management may be awaiting game changing news?macaumike
Posts: 804
Opinion: No Opinion
Price: 5.875
RE: Can anyone confirm29 Jul '18Good for you. The interesting thing is the price how come it was below 6p. I have been buying at below 6p and was shocked to discover sales at that price on Friday?

[1rodson] 25/8/2018 11:10

Gdp claims to be making a profit but no one seems to know where it goes......strange indeed.

[kimboy2] 25/8/2018 08:39

One question with relation to a p/e is how reliable are the profits of GDP. In this respect all operations of GDP are not created equal. Indeed it can be said to be not greater than the sum of the parts.

The post tax profits for the South Africa operation are;

Total Attrb2018f/c 3.253 2.4072017 2.415 1.7872016 1.776 1.3142015 0.965 0.7142014 0.657 0.4862013 1.523 1.1272012 1.18 1.0032011 1.52 1.2922010 1.28 1.088



GDP is on a p/e of 3 just on the South Africa subsidiary. If it were a separate company how much would it be worth? I wouldn't have thought £20m would be unreasonable for GDP's share.

The problem is that the rest of GDP - Ghana, Kili and central costs - create negative income at present. However is it fair that they are worth negative value as far as GDP is concerned.

I suspect that if/when they get a deal on Kili that we will find that its value is not negative but worth as much as GDP as a whole presently.

[kimboy2] 25/8/2018 00:07

Yes it is obviously ridiculously cheap on all known facts but in a thin market trades can have a disproportionate effect.

It would seem though that one of the larger irons in the fire are going to be necessary to kick it out of the price rut it is in at present. It needs something other than incremental improvements to shift the price range.

The higher profits the lower the p/e rating the company is given.

[1rodson] 24/8/2018 20:48

GDP HAVE NOT SAID YET WHAT THE NEW STAFF IS GOING TO BE DOING.......THIS IS THE WAY TO DO IT



Lionsgold Limited

("Lionsgold", "LION" or the "Company")

Readmission Update

Lionsgold (LSE: LION), the gold company focused on the exploration, production and retail application of physical gold, including the development of the gold currency Goldbloc®, is pleased to provide the following update.

Further to the announcement of 11 May 2018, Lionsgold has been expanding its business proposition and key personnel, including targeting suitable additions to augment the Board in September/October. Concurrently Lionsgold continues to work with its advisers on the process required for readmission to trading on AIM of its ordinary shares. The Directors now expect that the readmission process will be completed in the fourth quarter of this calendar year instead of late Q3, 2018. Further updates will be provided in due course.

[1rodson] 24/8/2018 20:25

DANGERSIMPSON 24 Aug '18 - 18:01 - 5628 of 5628
0 0 0
Good to see a couple of larger trades go through today above 5p. Maybe means that the sub 5p sellers have finished for the moment. Probably because the dollar gold price has stopped falling - not that it makes much difference to GDP apart from sentiment.


YEAH, MAN UP AND DOWN DOWN AND UP....BUT CHECK THE OVERALL TREND AND YOU WILL FIND ITS DOWN......IT WILL HIT 2P UNLESS THER MANAGEMENT SHOWN SOME INSPIRATIONAL INNOVATION

[sea7] 24/8/2018 18:01

no rodson - I think you can claim that small victory of trashing boards for yourself.
Why do yourself out of the glory of your achievement,unless of course you are ashamed of your behavior.

[dangersimpson2] 24/8/2018 18:01

Good to see a couple of larger trades go through today above 5p. Maybe means that the sub 5p sellers have finished for the moment. Probably because the dollar gold price has stopped falling - not that it makes much difference to GDP apart from sentiment.

[1rodson] 24/8/2018 17:08

sea7 24 Aug '18 - 08:54 - 4270 of 4273 Goldplat



I would set up alerts for the other bb - this one is garbage. I really dont have to come here but I need to see what Rodson POSTS as he usually calls it right and will make a fortune on Lionsgold.

[1rodson] 24/8/2018 16:58

man, that was some fall today!

[sea7] 24/8/2018 14:47

Obuasi is expecting first gold pour in the third quarter of 2019

[sea7] 24/8/2018 10:21

Thanks for that KB - I have been watching for the start of the obuasi mine and I am sure that GKG has as well.

[kimboy2] 24/8/2018 09:49

I see that the Ghana government produced some sort of 'roadmap' for resolving the small scale mining problem. It seems a bit woolly but they are saying it will be up and running by Christmas.



There must be enormous pressure on them given the huge numbers that work within the artisanals. However once it is sorted I would expect that contracts will be awarded for clearing up the mercury that already exists.

I also see that permission was granted for Obuasi to restart next year. This was a significant customer of GDP till it got closed down 4 years ago and will be a 400kozs operation

[sea7] 24/8/2018 08:54

i would set up alerts for the other bb - this one is garbage

[thebigchap] 24/8/2018 08:51

ok that's me iv had enough of getting BB alerts only to have to read this complete garbage! well done lads:-(

[sea7] 24/8/2018 08:02

I made a post on the lion board on the LSE site, regarding the re-admission to trading. Miller/Rodson has seen fit to copy and paste the post onto the GDP board and change the wording so that it reads as if it pertained to GDP.

The bloke is an imbecile.

[kimboy2] 23/8/2018 23:08

I don't really follow this thread as it has a very low time/useful information ratio. However can someone explain to me what all this re-admission stuff is about.

The cash stuff is clearly drivel.

[1rodson] 23/8/2018 21:36

If GDP have to have to go through the re-admission process and produce a prospectus - this will involve an equity raise - always does - when was the last time you saw a re-admission doc or admission doc without cash being raised.?

This is costly and they have announced a number of new salary takers - I mean board members.

This company is still pre profit although they keep say they are making money few get to see itThey have had those interests in india on the books since 2013 and there is a lot of talk about it, but nothing more- the pace of administration in South America is .glacially slow.

They are spending money and not getting any in. Doesn't take a genius to work out that they need cash, will raise it upon re-admission - assuming they do relist, however, the real question for existing holders is ... a raising at what price and what dilution.

It will be no fun, if GDP GETS delist from the market, with an intention to relist later, once they get their ducks in a row.
Matched bargaining off market is ok - if you can find a buyer and at what price.

GDP WILL BE caught off guard with this suspension and should have been aware, they weren't, were unprepared and are suffering the consequences, as they cannot tap the market in the normal way at this time AS THEY HAVE LOST ALL MARKET CONFIDENCE.

[sea7] 23/8/2018 21:32

i note rodson, that you have taken another of my posts from the lion board on lse posted at 1856 and altered the arrangement of words slightly, attributed it to yourself and posted it above, in your post 4263 - you really are a bell end rodson.