Goldplat Share Discussion Threads

[1rodson] 05/9/2018 23:17

I wonder if Gilbert will be smart enough a quick enough to take advantage of the value of the Rand?

But then all considered SA is heading onto a knife edge not really the place to invest. Well except for the brave.

[sea7] 05/9/2018 20:15

yes I had noticed that

[kimboy2] 05/9/2018 16:18

South Africa has gone into recession;



Which is bad news for SA but good news for GDP as the rand has slumped and the consequent rand price of gold is up over 4% today and 12% in the last 6 months;

[1rodson] 05/9/2018 00:09

Better try to get into the Lion you can still buy shares if you know where to look. But first some research.......you know it's all important?

hxxps://www.voxmarkets.co.uk/company/LION/

[sea7] 04/9/2018 12:16

zzzzzzzzzzzzzz

[1rodson] 03/9/2018 18:05

AND WELL RIGHT YOU WERE DAN AS ITS CLEAR YEARS LATER YOU WERE ON THE BALL ALL ALONG.

NOW A LITTLE SOMETHING ABOUT LIONSGOLD AND I TRUST THAT I WILL BE ABLE TO EMULATE DAN WITH MY CALL HERE.

A very good general article on cryptocurrencies and blockchain in the Economist this week. Doesn't refer to Lionsgold but gives a good overview of the sector and the challenges that a lot of companies operating in this area have encountered as well as some of the scam ones. Being linked to gold puts this in a different category but it reinforces that there is a tremendous amount of activity and cynicism rising.

Very interesting article. Seems others share my opinion, just the start for Goldbloc and Lionsgold. ME? I am more than happy to be locked in as this, as I have said many times, in fact since the KOLAR days it was always a long-term hold for me. I also said many times if you are nervous about the fundamentals of your investment here then you shouldn't be investing IMO of course.

There is a Large world market here but to start off I'm particularly excited about the rollout to the Indian market, using our existing relationships, then once we've got a foothold in the UK..........well you should be able to guess the rest as the sector heats up. But Parry need to be constantly reminded that NOW is the time to get the product to market and start building up a market presence!

An interesting snippet............Reply from Lionsgold

hxxps://www.ibtimes.co.uk/new-gold-standard-age-blockchain-1666398

Also

[sea7] 02/9/2018 09:42

zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

[sea7] 02/9/2018 09:40

perahaps one of the people GKG is talking to,is David May who helped establish kili for IGE, who were the J/V partner of goldplat.

he is MD at Karebe the gold miner in nandi kenya.




David May
Managing Director
David has worked in mining for 39 years, and has extensive experience in the establishment and management of small-scale mining operation in Africa.
He has worked in South Africa, Zimbabwe, Tanzania, Uganda and Kenya. Prior to starting Karebe, David managed the Busitema Gold Mine in Uganda and prior to that he established Kilimepsa Mine at Lolgorian in Kenya and for International Gold
Exploration AB.

[1rodson] 02/9/2018 09:18

Most posters here are fully aware of my disgust over the way That GDP is being managed. Of course there are very few out there with crystal ball BUT THERE ARE SOME WHO ARE CLOSE TO THE BOARD. Nuff said but I Will never wish to qualify for either category and simply remain very content over my share price calls on the dead duck.

Over on the LION BB I see the rubbish is now moving on just as I know it would once their food source was denied to them.....let those BBs now simply rot away.

I was checking my Revolut account yesterday. Such a great service perfectly functioning for over the time I have been with them.

I notice on the Revolut blog there is talk of a Revolut gold backed cuurency card. Always with a ear to the ground for any snippets this is interesting, indeed most interesting.

Time for A little speculation: as Parry has done nowt to advertise GOLDBLOC and says this year is gonna be massive and given as Revolut is definitely ambitious, my question is one of a potential tie up? Rumours don't grow on thin air and their is no smoke without fire and all that yap yap ya
Etc.


Could be an interesting assumption.

[kimboy2] 02/9/2018 08:04

It would seem likely that a deal with DRD was originally considered but not pursued because of the cost of logistics so it may well be some sort of alternative thinking on this.

I am not cetain why it has not been processed where it is and just churned as that will remove any necessity for transportation anywhere.

The good thing though is that a solution looks fairly close and it would seem that the economics sould be transformational for the share price

[1rodson] 02/9/2018 07:24

Most posters here are fully aware of my disgust over the way That GDP is being managed. Of course there are very few out there with crystal ball BUT THERE ARE SOME WHO ARE CLOSE TO THE BOARD. Nuff said butbImwill never wish to qualify for either category and simply remain very content over my share price calls on the dead duck.

[dangersimpson2] 01/9/2018 11:47

The GDP grades are obviously much higher than the ones DRD are currently processing so the economics should be superior.

If processing costs $7/ton then it would cost $10m to process the 1.43mt. But at 50% recovery of 81koz contained the gold would be worth $49m @$1200/oz. The Crown-Ergo pipeline cost c.$400k/km so even if they had to build 15km of pipeline to Ergo it would cost $6m leaving $33m profit. If they split that 50/50 with DRD then that would be $16.5m = £12.7m net to Goldplat.

[kimboy2] 01/9/2018 08:27

At 50% recovery and $7 per ton works out at a cost $243 a recovered oz.

I suspect it will be more than that, but I would be surprised if DRD can't do it cheaper than GDP.

[kimboy2] 31/8/2018 22:13

The incredible thing about DRD is the numbers.

In 2017 they produced 137,000ozs of gold from 25mt of ore which is about 0.17g/t.

The operating costs of the company were $177m which is $7 per ton of ore.

[sea7] 31/8/2018 20:41

If you click on the map link I posted, then zoom in, on the words ergo mine, you will see the plant shown on the drd link posted by DS - the 2011 link.

The pipeline is two red lines running in the opposite direction to goldplat - it starts to the left of the three big tanks.

[dangersimpson2] 31/8/2018 19:35

I'm pretty sure there is a DRD pipeline running closer to GPL than the trucking route to Ergo but where exactly it runs is hard to work out:

[kimboy2] 31/8/2018 15:48

Well DRD are experts at moving large quantities of material. IIRC the Ergo plant had something like 500mt of material at 0.25g/t, and they make money on it.

I have put some guesses at the economics up, but it is only guesses. Gerard has been very tight lipped while negotiations have been continuing on the pit, and now with another party.

It would be interesting to look at the Ergo economics.

[1rodson] 31/8/2018 14:57

As a CEO Parry sucks with his shareholders discourse and rapport of which of course there is none.

From what we can see he has failed to deliver on every statement he has made and thereby he has destroyed the very confidence that he needs to be placed in him.

I think, and from the time I got to know him other than being s name on some company records I felt a growing dislike of the man, to me he was a man with too much self opinionated head.

Let's look at him, firstly he is a pathetic looking thing and therefore obviously a product of not enough baby food which determined that he would be destined to become a cross between a miserly Scrouge and a half baked Uriah Heap going around as he does in such a pathetic manner craving to be liked as the entrepreneur he likes to think that he is! Fat chance of that as to get to the top you have to have the support of those who help to put you there, and all Parry has done to date is to antagonise his supporters through a persistently stubourne failure to communicate.

He claims BLOCKCHAIN will be massive, and let me add here that it probably will be but persistent delays on its launch is not in the least helpful and in the meanwhile there are a number of new cards on release one today as I write, and being offered wherever you would care to look.......ah not the same as BLOCKCHAIN you may shout back.......matters not to Joe Public who in any event still does not fully grasp the concept of Blockchain.....all Joe sees is just another bright shinny card for his wallet.

There seems no reason not to update on Finland and India seeing as how they are both remote operations from BLOCKCHAIN unless of course there are major problems there.

To cut it here I think Parry is going for gold to coin an old saying and I have to say that I believe him when he says this year will be massive.....but in all things time will tell.

He has to relist sometime in November or be cut out of the game.

[sea7] 31/8/2018 13:59

goldplat to ergo mine

[1rodson] 31/8/2018 13:06

Seems to me ErgoGold is making a one hell of a highly toxic rod for its back, wonder if GDP will be left to pick up the tab. Given GDP's poor management record I would not be surprised. Let's take a look at what's proposed: DRDGold's Ergo gold recovery project called Ergo. (ErgoGold). The quartzite rock is ground to fine sand and powder, deadly sodium cyanide is used to extract the gold, and the toxic waste sand is pumped to great contaminated piles with a lake in the middle which can be hazardous for years after mining has stopped.

To me on the face of it the whole thing is very much an opportunistic play one slight environmental hiccup...and man the crows come home to roost!