Goldplat Share Discussion Threads

[1rodson] 27/10/2018 11:51

SHYT 7 is being pathetic now I won't even bother to open the FFs


sea726 Oct '18 - 22:36 - 4529 of 4531 (Filtered)

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sea726 Oct '18 - 22:47 - 4530 of 4531 (Filtered)

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Risa5 about 14 million in various accounts

[sea7] 26/10/2018 22:36

Risa,

rodson was posting under the name daniel miller on these gdp boards back in 2011, he was ramping it in 2012, he bragged about buying at 16.5p, which in hindsight turned out be the all time high. He said it was going to 50p and beyond. He berated me, because I sold at 14p, which at the time looked too early as the stock continued to climb to 16.5p, however, not long after, the stock collapsed and spent three years heading down to 1.75p. Miller/rodson by this time had lost a packet and was now screaming on these boards for everyone to sell. According to him, it was going south even more and sub 1p.

Myself and others were buying heavily in the 2p-4p range. I actually managed to get a small amount at 1.75p, only one of two or three trades posted at that price.

The stock climbed over the next two and a half years, back to 8.5p - I had sold my holding in the 6-7p range.

The stock has retreated again and I have been repurchasing my holding, all the time doing the opposite of what rodson/miller has been spouting.

His comments and posts are sometimes amusing and he is easy to wind up, if your bored, however, most of what he posts is tripe and best ignored.

[sea7] 26/10/2018 21:14

all facts are on these pages, posted by you miller.

[1rodson] 26/10/2018 21:10

SHYT 7 IS FILTERED AND WILL ALWAYS BE AS ALL HIS POSTS ARE LIES TO SUPPORT HIS POSITION OVER THIS DOG.

UNLESS HE CAN POST FACTS, PROVEN FACTS JUST IGNORE THE BUM. HE WILL BE MOANING AND CRYING OVER THIS DOG FOR A LOT LONGER THAN EVEN I THOUGHT.



sea726 Oct '18 - 20:42 - 4523 of 4523 (Filtered)

[sea7] 26/10/2018 20:42

nope rodson you were ramping this to high heaven at 16.5p, the all time high, when you claimed to have bought - so no, you weren't right.

[ironstorm] 26/10/2018 18:38

More of the same by the looks of it.

Am glad other shareholders won't throw good money after bad with Kili. There is no route to profitability here that inspires confidence as everything they have tried has not fully delivered. Harsher voices might say failed.

As for more money let's not buy another hole in the ground for our money.

Hoping for a surprise tho not recalling expecting it.

[kimboy2] 26/10/2018 17:39

There is not going to be a placing till they get some sort of mine acquisition, and maybe not then.

[kimboy2] 26/10/2018 17:18

Hi DS
Thanks for going to the AGM and taking the trouble to give us an update.

On Kili I get the impression that the costs are under control and the problem is grades and price of gold. I know that one of the benefits iof additional CIL is that the material would be able to spend longer on them and improve recoverability.

On the price of gold I notice that the Kenyan shilling price has risen 4% in the last month, which will make a difference if sustained.

It would be interesting to actually get the Kili numbers separate so that we know what it actually hasnto do and what we would get for $3-5m. Gerard has mentioned a 15kozs limit on production because of geology. I have never quite understood that.

It would be interesting to know how much equity the new investor will get for their $3-5m. The good thing is that if they can get close to break even it adds £1m to GDP profits compared to last year.

On the TSF I am not sure about installing their own equipment is consistent as they said that the third party would be much quicker, which would imply bigger capacity.

There was also the suggestion in the AR that it could be done quite quickly. I presume the implication is that it is not DRD, which is interesting.

I also seem to remember that the University research that Sea found suggested that there could be over a 70% recovery rate. ISTR that the main variable was that it had to be heated to 80%C for a certain amount of time. No idea if this is economic with these grades.

It is good news that they are still targetting 20kozs for Ghana. I reckon if they achieve that then it will be as profitable as Sout Africa.

Also interesting who these 'large GDP shareholder' are. Not many suspects, which perhaps explains their influence. Not sure their position on Kili is entirely logical. To me you either invest the money, or try and get out.

I suppose the good thing on Kili is that it has a positive value.

[sea7] 26/10/2018 16:20

Thanks DS - good feedback.

[dangersimpson2] 26/10/2018 16:15

Quick bit of feedback from the AGM:

- Q1 ops update will be sometime next week. Last year's coinciding with the AGM was just coincidence.

- Full board attended so got to meet most of the senior management. I was one of about 5 individual investors. Most large holders voted by proxy.

- Pre-emption rights were voted down by proxy, so clearly one of the large holders was not willing to accept this. Think only outcome would be any raise would be a rights issue not a placing so probably better for all holders. They stated they have no immediate need for capital and would not be looking to issue equity in the short term.

- Kili, still discussing with potential partners. Not investing in Kili further themselves is nothing to do with KRA VAT, license etc. it is simply because some large GDP shareholders oppose it. Looking to sell equity stake in Kili subsidiary for $3-5m and invest all of it in the mine. Won't raise more than needed to payback inter-company loans since they want to retain as much of any potential Kili upside. Unfortunately, without investment and at current gold prices Kili will remain slightly loss making in short term.

- Ghana. 5 regular companies shipping from south america but not managed to secure any large batches of material yet that would really impact profits. Close to signing several deals across west africa. Underutilisation from end of FY18 has continued into Q1 but Q2 looking a lot better. 20koz from Ghana still a reasonable run rate in 18 months time.

- TSF. I asked why companies like DRDGold are not jumping at the prospect of 1.87g/t. The reason is that GDP's tailings are not 'clean' milled tailings from primary mining. Theirs is a mix of many different materials and couldn't just be run through standard circuits. The value of 3rd party processor would be scale and access to an active tailings dump, they would probably still install their own equipment to do the processing. Mean West Pit 3 would still be a good option if they can get it soon.

- I questioned the lack of buyback resolution and they said some larger holders didn't want it - can't imagine why but that's what they said.

- I made the point that the non-execs don't own enough shares. No commitment obviously but they seemed to take the concern on board.

- I raised the issue of no access to WH Ireland notes when likes of Finncap can have them on their website. WHI representative said they are working on it. I made the point about the EPS figure jumping all over the place not giving confidence in the future.

Overall got the impression that the company was being well managed by a very committed exec management but that we shouldn't expect any groundbreaking news in the short term. Quality of non-exec management I found harder to judge.

[sea7] 26/10/2018 16:02

Not quite putting a stop to it, more like having a say in what may or may not be bought and how.

[shareholder7] 26/10/2018 15:55

Yes looks like GKG wants to throw more money down the hole in Kenya At last shareholders are putting a stop to this

[michaelfenton] 26/10/2018 15:10

Disco - a placing at this price - I hope not. GKG stated previously maybe at about 10p
if I recall correctly?