Goldplat Share Discussion Threads

[sea7] 26/9/2018 09:45

Tks DD,

I have been in and out of GDP since April 2007, however, have followed the story of the company continually, so I see the chain of events and how they piece together.

The figure I look at to gauge how goldplat is doing on a purely operational basis, is the operating profit figure - this is £2.5m against £2.9m last year - I had pencilled in a drop of around £300k based on what I know - it turned out to be about £400k, so I was out by a bit there.

The usual suspects for negatives are kili, feedstock and that pit in south africa.
Not much change on those in this report, although they are working on them, at least.

It is still a solid company, that has a long track record and provides a decent place for exposure to PGM and gold, without being to heavy in the mining side or without me having to hold bullion myself or synthetics such as ETF's

good luck in what your holding!!

[sea7] 26/9/2018 09:18

I was expecting revenue of £31m it came in at £33.7m - slightly more than I expected

I expected the PBT to be £2.2m - it is £2.5m - again more than I was expecting.

South african plant showed an increase in net profitability over last year of about 13%

Reduction in cash, is as expected - related to the purchase of around £1.9m of raw materials, primarily for south africa - which should see them through the next 24 months. Had they not purchased this feedstock - cash would show as £3.5m

In ghana they have cleared out the remaining environmental liabilities that were agreed to some time ago - this I have been waiting for clarification on - ticked off now.

Kili - usual drag

Ncav has reduced from 2.62p to 2.07p - which equates to quite a sizeable part of the current cap.

Some things progressing as planned, others not. Results, in my view are as expected and include just over 3900 oz sold from balance held from previous year.

Will be looking more closely later. Will be adding to my holding today.

[shareholder7] 26/9/2018 08:51

Can't argue with that DD. GKG gamble of Kili not paid off, etc etc etc Time for some board changes Interesting Sea and Kim2 have not posted Waiting for instructions from GDP before they do?Good to see proper shareholders commenting

[1rodson] 26/9/2018 08:36

Nice fall back although pretty much inevitable!


So no surprises.

[michaelfenton] 26/9/2018 08:30

The problem with GDP is that the announcements are always through rose tinted spectacles? Always jam tomorrow. Next year will be better - maybe but who knows? I have sold a few this morning at a loss and will hold on for a while in the hope that something really positive actually materializes?

[shill10] 26/9/2018 08:17

agreed FY2018 was poor - looking at the Outlook, with no repeat of Rand dispute, new contracts in Ghana and possible Tailing progress there is upside, depends what you think is priced in at a current Market Cap of £9 million - for me at that price there is plenty of upside, but respect that others will not have the patience after recent disappointments.

[shareholder7] 26/9/2018 08:10

Poor results and key issue is a lack of materialWell if you have a company run by engineers this is what you get And the rampers on this board are accountants that look at what has happened and what might happen but can't make things happen. You need to have commercially minded people that have targets to hit.Clearly GDP have missed them again We just have to wait another year ( sounds familiar)

[applegarthlse] 25/9/2018 12:52

Rodsons lost his shirt on LION LOLOLOLOLOL ! He's just waiting for delist RNS LOLOL ! He's a muggy puppet

[russman] 25/9/2018 12:32

FY is an opportunity.
GDP have to deliver some good news.

[russman] 24/9/2018 12:27

No more diatribe.
Junk or bust.

[1rodson] 24/9/2018 11:44

The big chimp sense was spoken on this dog so many years ago but all you mugs knew better. I sold at 11.5p as a drunkard in the chair and a bumbo accountant THAT CANT count never added up to much no wonder the share price collapsed

Don't You wish that you did Lolololololololololol

[thebigchap] 24/9/2018 09:39

at last Russman some1 sensible

[russman] 24/9/2018 09:13

Results promised this week.
May get something to discuss.

[kimboy2] 23/9/2018 20:44

Thanks for your thoughts DD4.

[sea7] 23/9/2018 14:06

South africa is down 20% on last years ounces produced.
Ghana is down 25% on last years ounces produced.
Kili is up 50% on last years ounces produced.

results are expected to be in line with expectations.

market expectations are apparently, revenue £37.1m with £5,449,000 GP from the april presentation, using internal filings and whi ireland forecasts.

The VSA note stated an estimated PBT of £2.2m back in march 2017.