Goldplat Share Discussion Threads

[kimboy2] 24/1/2019 16:40

Why would someone make an offer if it was worth nothing?

[pog1234] 24/1/2019 15:50

Kili is worth 0 until there is a buyer or Kili makes a profit!

[kimboy2] 24/1/2019 13:44

It is an interesting question how much Kili is worth. I suspect that GDP shareholders valuation may be under a realistic market valuation.

[russman] 24/1/2019 11:52

I await the Qtr update.
A lot of noise: no developments.

[shill10] 24/1/2019 11:29

8-10p for me, definitely not less, the value is there and plenty should be able to see that.

[dangersimpson2] 24/1/2019 11:25

If they got an offer for a few £m for the whole of Kili then I would be happy for them to take it. It has the potential to be worth more than that with investment but it is also taking up a lot of management time. Time that could be much better off spent developing the more profitable recovery side of the business.

I don't think they would take an offer though because of the amount they have invested into Kili over the years and not wanting to take a loss on that. Kili also has optionality, being a relatively small, high-cost producer, it would be worth many times that if gold went up significantly. They wouldn't want to sell at what may be the bottom of the cycle to see all the upside go to an acquirer. Hence the desire to keep an interest but fund the development of the mine via 3rd party investment.

[shareholder7] 24/1/2019 10:23

Yes DD I feel a bit stupid going back in here but as we discussed, other investments have covered paper and possible total losses here That's the beauty of a portfolio I don't think I would go anywhere near aim again GKG needs to pull a rabbit out of the hat, but let's hope it's not dead from cyanide poisoning when it appears

[discodave4] 24/1/2019 10:05

Hi shareholder,KB2's posts just make me laugh now, same old same old and clearly hasn't a clue about the real world. Think I posted ages ago that it was clear they hadn't researched the market (South America in particular) well enough to support their expansion. Then the CEO states that mining in South Africa is in decline hence the struggle for material so his solution - let's keep a loss making mine and buy another one!. You couldn't make it up could you!.Anyway, besides you trying to cause a revolution, hope everything else is going okay.DD

[shareholder7] 24/1/2019 09:49

Hole even (:-

[shareholder7] 24/1/2019 09:49

Hi DDThere's a whole in my bucket dear Liza

[discodave4] 24/1/2019 09:42

Another classic from the paid ramper KB2:"One thing that occurs to me is whether expanding capacity is a good thing if they are having problems sourcing materials"OMG it's taken how long for the penny to drop, absolutely unbelievable. I do think with such insight into how a proper business should operate in the real world that KB2 may well not be a paid ramper but actually GKG.........slow on the uptake or what.

[ironstorm] 24/1/2019 09:37

8p for me.

[kimboy2] 24/1/2019 08:48

I don't mind if they sell Kili, in fact would welcome it, but I think the rest of the group is very undervalued. The TSF for a start.

[shareholder7] 24/1/2019 08:27

What I am trying to establish is the mood of the proper shareholdersHave we had enough, and should the policy now be, instead of finding a partner for Kili finding a buyer for the whole group. GDP have had long enough and they simply don't have the management in depth to make this workChanging the captain of the titanic will not help what is needed are lifeboats So to dateMe 6pMichael 8pKimboy 16p to 30pSea dose not care I would like to hear from more proper shareholders and to start to push the company into looking to sell, as this is just dragging on and on with jam tomorrow GDP management has proved time and time again they are not up to it, let a proper company take over this group and let's get something back

[kimboy2] 24/1/2019 08:09

While we are wittering about what we would accept as a take out offer, if it were to materialise, I would point out that there has been about £8m capex in the last five years.

This has been used to uprate and expand capacity and is the equivalent of about 5pps.

One thing that occurs to me is whether expanding capacity is a good thing if they are having problems sourcing materials. The revenue has risen from £16m to double that last year.

Makes me wonder if a reduced capacity would be better, and more profitable.

To be fair much of the investment has been in elution capacity and expansion at Kili.

[kimboy2] 24/1/2019 07:29

Looks as though they cleared a seller out to a buyer. As it is over 1% there should be an RNS if it is a major holder on either side. These can take ages though.

[discodave4] 23/1/2019 21:52

Hi Sea,"should have cratered the stock...."Yep, likewise if it was a buy the share price would have rocketed. Can dance around this all night lol, as I said, I'm happy to go with what's on the LSE site, that it was a large sell yesterday.......yep there has to be a buyer, or lots of buyers for the manipulative mm's, but either way a single sell of that size is not a good sign is it!.All the best.Kili news.....zzzzzzzzzzzzzzz

[sea7] 23/1/2019 21:28

HI dd,

lse show it as "ordinary - delayed publication, historical"

If it was a simple late trade lse usually have -"ordinary - late reported" on the trade type.

you will also have noticed that it made no difference to the displayed stock prices yesterday - any simple retail trade shoved through the market of that size should have cratered the stock and would have taken days to work through, as goldplat is thinly traded.

Either way, someone has picked up 1.7m shares at 3.2p from a willing seller of size.

cannot escape the fact that someone was willing to take 3.2p for the stock.

[discodave4] 23/1/2019 21:17

Hi Sea7,According to another website (LSouthEast) it was an ordinary sell trade yesterday. Thought deferred publication could also be due to the size of the trade.Ones things certain it wasn't a buy today.........as the GDP optimist (titter) I'm happy to go with what I posted, that it was a rather large sell.

[sea7] 23/1/2019 20:43

that trade of 1.7m shares, was a delayed publication, historical trade.

lse rules on DP trades.

When can the deferred publication regime be used?

A member firm should only request deferred publication where the member firm is dealing on its own account (as principal) and the transaction is between the member firm and its customer.

............

Question is...was the member firm buying or clearing out a lot to a buyer.

[shareholder7] 23/1/2019 20:41

Sorry 1,714,000 for the accountants on this board

[sea7] 23/1/2019 20:39

Hi DD,

That trade of 1.7m shares, was a delayed publication, historical trade.

lse rules on DP trades.

When can the deferred publication regime be used?

A member firm should only request deferred publication where the member firm is dealing on its own account (as principal) and the transaction is between the member firm and its customer.

............

Question is...was the member firm buying or clearing out a lot to a buyer.

[shareholder7] 23/1/2019 20:37

Bet the person that sold 1174000 shares today would have liked 6p maybe 4p might be OK!

[ironstorm] 23/1/2019 17:13

Anything to go right.

The company have lost their mojo. They need to find imaginative ways of unblocking the issues.

If they don;t and quickly then need new leadership - with a fresh approach.

Feels very stale management.