Goldplat Share Discussion Threads

[ironstorm] 02/11/2018 10:03

Wow (again!) Sea, if that is what GKG really thinks he is a petulant child.

Think he needs to remember who he serves and his own recent performance. As demonstrated by the shareprice.

This shows he needed his wings clipped - look at the poor performance across the board. Not just Kili.

Brave top up - if it turns out to be loss-making. Good luck with it.

Lots of opportunity elsewhere - seriously considering bailing here.

[sea7] 02/11/2018 09:33

I have picked up a tranche today

GKG tone in the update says he didn't like the outcome at the agm regarding the vote and has ensured that he kitchen sinked the rns. he is bitter about kili and having his wings clipped by shareholders.

See what transpires here.

goldplats base case is around 29k oz per year if I recall, excl kili or 7.5k a quarter, so whilst we are down a fair bit this quarter there is work underway to restore it.

I am on record on these boards stating that I never like kili and when I discussed the subject with GKG, when he arrived, I recommended ditching it and walking away.
He felt that there is an asset here and chose to press on with it. I am confident the right solution will be found or circumstances will dictate the course of action.

[sea7] 02/11/2018 09:25

wigwammer,

net current asset value is 2.03p as at last accounts.

net book is 5.78p

[wigwammer] 02/11/2018 09:19

Must be trading at half tangible book, before accounting for the 40k odd ounces under the ground. Quite comfortable about the valuation support :)

[michaelfenton] 02/11/2018 08:37

Quite right GKG is a liability - he still talks the talk whilst all around him is collapsing. He needs to be replaced by someone who will get the core business up to scratch and not waste money and time on a useless mine?

[shareholder7] 02/11/2018 08:17

GKG has no credibility left Need a commercial person on the board and sourcing team as waiting for materials to come in does not workUsed to get laughed at on this board for suggesting this. Well maybe you are not laughing now.Who in their right mind would now buy into GDP?

[ironstorm] 02/11/2018 08:16

One wonders if it is even profitable this qtr?

[ironstorm] 02/11/2018 08:15

And it makes one wonder if the reason this was not issued in time for the AGM was to avoid difficult questions.

Deeply and perennially disappointing!

[ironstorm] 02/11/2018 08:03

Wow!

Kb2 has accepted Kili should be shut down.😉

[1rodson] 02/11/2018 07:46

It just seems like yesterday that Gilbert was telling us that KILI had reached break even........WHAT WENT WRONG?

[kimboy2] 02/11/2018 07:35

Well a familiar theme of sourcing material. Putting Kili on care and maintenance is a good move until a finance partner on board. Why continue to produce at a loss. Hopefully they can just sell the whole thing. My view is that the share price would go up if they just walked away from it.

A decision by the end of the quarter on the stock dam would be useful. I presume that they will go with the alternative if the pit hasn't been sorted.

I suppose the good thing, and I tend to positivity, is that there should be little capex going forward and there won't be the interest for the forward payments this year.

[1rodson] 02/11/2018 07:15

And its not.

Just browsed the RNS I Will studied it later but the word DECREASE is prominent. But don't worry while there are production decreases there is an increase in loan applications ............. Plus the company is still paying GILBERT GREEN well for running it down?

[1rodson] 01/11/2018 12:45

should have had news today....what are they hiding....cant be good!

[sea7] 01/11/2018 08:10

You must be used to that Rodson, what with lion delisting

[1rodson] 31/10/2018 22:48

When it comes it won't be as good as expected.

[russman] 31/10/2018 13:15

Still no news.

[1rodson] 30/10/2018 21:31

they would be too embarrassed to put one out probably.

right they are possibly greasing the figures that their common practice.

SP heading to where I said it was going.

shyt 7 and KIMBOTII must be sweating now after all the ramping

[russman] 30/10/2018 12:12

why is there no trading update?