Goldplat Share Discussion Threads

[michaelfenton] 07/10/2018 10:32

True Kimboy but they never seem to properly plan for this. Perhaps I should have said Gold Delayed Plan? I am beginning to become frustrated having held such high hopes?

[kimboy2] 07/10/2018 10:09

Delay is the order of the day for resource companies, and the number one culprits are invariably governments or bureaucracy.

[kimboy2] 07/10/2018 07:39

One thing in the interviews that Gerrard said was that last year he said that the intention was to get 50k mining ozs pa in 3 years, 'which is now 2 years'.

He could have just rolled it over toanother 3 years, but didn't.

It would seem they think that a deal is fairly close. The comment about having a recovery operation in tandem would further suggest that.

Clearly it would be pointless to raise money at today's derisory levels. It would seem to me either they won't need an equity raise or they believe that the price will be above the self imposed 10p minimum.

I think that we will get an announcement on the TSF before the mining deal, and they are expecting that it will square a number of circles.It will bring substantial cash in and raise the share price

The only problem will be if there are delays which knock things out of sequence.

[sea7] 06/10/2018 15:04

Getting some visibility over the TSF project timelines and execution is what we are waiting for.

We have a couple of decent share price triggers due, the other being kili.

They can build pipes really quickly, however, as you say, regulatory hurdles may not be so quick

[kimboy2] 06/10/2018 13:47

The company have been pretty tight lipped about the stock dam, I was hoping for more in the AR. It seems odd that this heap could double turnover and produce profits in excess of the market cap and little is said.

It is clearly market sensitive so they are not wanting to say anything that isn't nailed on, and they are in a negotiation with various parties, but it seems to me to produce a false market atm.

I think we are pretty sure that the stuff is going off site to another processor, probably DRD. Beyond that we don't know much for certain.

In the AR they say;
If discussions with a third-party producer to process the TSF off-site progress well, this project could begin during the FY 2019.

I am not naive enough to expect it to begin this year but it seems a considerable shortening of the process compared to the west pit.

To me the only significant issue is how they transport the stuff to DRD. They could truck it but I suspect that would be expensive. The alternative is the pipeline. Can that be constructed in 9 months?

We don't know how far away GDP is from the existing pipe but the creation of a new pipe is quicker than I would imagine if it can be done in less than 9 months. It may need permissions from people, and possibly the government, which will no doubt delay things.

IIRC they can do 100m per day of pipe, though depends on location I suppose.

Anyway I am hoping for some sort of MOU soon. It would be nice before the AGM.

[1rodson] 06/10/2018 07:18

Like in the great classic movie' opening where they sit in Casablanca and wait and wait and wait.

[russman] 06/10/2018 00:26

Waiting for any positives.

[1rodson] 05/10/2018 19:04

Looks like another here we go round themerrygoround sob story.


Poor suckered shareholders.

[sea7] 05/10/2018 18:58

From this year - wonder if it is goldplat they are sending material to...



The fines are then taken to a superlab to determine the potential gold grade yield for each area. “The ground that returns anything above the 1 g/t projected yield is then hauled to a nearby gold plant to be processed and toll-treated,” Mashinini says. The ground that does not show promising gold yield prospects (gold grades that are high enough) is removed and cleared from the area. The gold processing exercise attracts a fee and Ncamiso is then paid the difference for any gold yielded.

[sea7] 05/10/2018 18:55

This article is old, however, perhaps they are looking into that TSF with goldplat as well...

Ncamiso has successfully partnered with various companies across South Africa. For example, in the Springs area, it mines and hauls gold-bearing material to Aim-listed gold reco- very services company Goldplat’s processing facility in Benoni.

[dangersimpson2] 05/10/2018 18:45

Between this and the VAT issue I can see why they are not keen to inject more capital into Kili in the short term. Massively short sighted by the Kenyan government since if they settled these issues and didn't try daft things with explo licenses then they would be raising a lot more income tax revenue from a profitable venture.

[sea7] 05/10/2018 18:38

Mintails collapses...

[sea7] 05/10/2018 17:35

Mid migori/red rocks case...

[sea7] 05/10/2018 17:26

Further coverage...

[sea7] 05/10/2018 17:24

Specifically talks about goldplat

[sea7] 05/10/2018 11:08

Doesn't mention goldplat, however, may be of interest.

[kimboy2] 05/10/2018 09:30

The AR gives the first area of strategic focus as;

Concluding a number of long-standing projects at GPL, including the stock dam re-processing...

and in the outlook they say;

If discussions with a third-party producer to process the TSF off-site progress well, this project could begin during the FY 2019.

It would appear to be high up the agenda and possibly imminent but I have never seen a broker run through numbers for it. Do they exist anywhere?

[kimboy2] 05/10/2018 08:14

It is a pity they can't get hold of the £1m as it would pay for most of stage 3.

[1rodson] 04/10/2018 19:00

Don't tell me that there are more newVAT problems with the old dogs

[sea7] 04/10/2018 15:50

Thanks Mf,

Yes and at least we know it isn't specific to kilimapesa gold and is endemic across the country's business sector.

[michaelfenton] 04/10/2018 14:25

Thanks sea7 that is interesting.

[kimboy2] 04/10/2018 14:17

Looks as though some are worse off than us. At least holding back on the royalties will cancel out the effect to some extent.

[sea7] 04/10/2018 13:41

should get that cash at some point..



Traders pocketed Sh20.4 billion in value-added tax refunds for the financial year ended June 30, 2017, offering them a reprieve after a tumultuous year.

Treasury projects that about Sh14.4 billion will be paid out in VAT refunds to traders and manufactures in the financial period ending June 2019.

[michaelfenton] 04/10/2018 13:40

The VAT and tax situation with Kili is a shambles? Just another reason why maybe they will be unable to find a partner until it is resolved?