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GDP Goldplat Plc

0.00 (0.0%)
01 Dec 2023 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Goldplat Plc LSE:GDP London Ordinary Share GB00B0HCWM45 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 6.25 35,831 00:00:00
Bid Price Offer Price High Price Low Price Open Price
6.00 6.50 6.25 6.25 6.25
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores 43.22M 3.56M 0.0211 2.96 10.55M
Last Trade Time Trade Type Trade Size Trade Price Currency
11:39:22 O 34,000 6.10 GBX

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Posted at 02/12/2023 08:20 by Goldplat Daily Update
Goldplat Plc is listed in the Gold Ores sector of the London Stock Exchange with ticker GDP. The last closing price for Goldplat was 6.25p.
Goldplat currently has 168,837,000 shares in issue. The market capitalisation of Goldplat is £10,552,313.
Goldplat has a price to earnings ratio (PE ratio) of 2.96.
This morning GDP shares opened at 6.25p
Posted at 10/11/2023 08:46 by ih_692232
Well what does that tell us ? nothing much positive to be expected in the next 12 months share price imho will languish around current levels - (although now in the 5s )there is no chance of a dividend or buy backs -the next 12 months are cost heavy
No real detailed information again -for example how much is waiting to be paid in cash from Ghana ?
The company would stay on this same old track forever- the only hope of dramatic change in fortunes is TSF and or being bought out because of TSF
So it’s sit and wait another12 months in fact probably two years in reality
I pin my hopes on the coal business !!!

The time to bail was when the share price was 10- 12 - we won’t see that Sp again until the TSF has started to actually produce income from gold sales
Posted at 08/9/2023 11:29 by lowtrawler
shareholder7, GDP is making sufficient attributable profits to already be worth double the current share price The price has been falling because GDP show no sign of returning profits to shareholders or even considering shareholders in their decision process. There can be no confidence the exceptional profits made from the TSF will ever be returned to shareholders.

Everyone has been expecting Martin to ensure this changes but there has been little sign of progress and hence the share price fall.
Posted at 08/9/2023 09:36 by ih_692232
So yogi
You are delighted with the performance of the board in delivering a return on investment -I don’t say that everything the company / board has done is wrong - but there is the wrong focus overall
It is not on shareholders
I have been a shareholder in goldplat for a very long time - I invested over 250k in the company average share price is 10p
In all that time I have had one dividend of 10k - doubt you were a shareholder when that was paid out
So my view is that the board are focused on themselves and what they view as their business - they communicate little they explain little -have we ever had an explanation for the audit fiasco just for example??
It has been a terrible investment on my part but if the board had focused on shareholder value rather than pet projects /a concerted effort not to waste shareholders money there would have been a return to investors annually and in my view a share price circa 20p
The TSF has kept me in the share but it is still jam tomorrow and that tomorrow may be a long time off
Amarin is the company to which I refer

So yogi tell me why I should be so compliant and happy with the board ??
Posted at 07/9/2023 10:29 by ih_692232
I have another share investment where the whole board were recently voted out and replaced
I don’t get why shareholders feel they can’t exert influence - they own the company -a large grouping can exert influence - everyone seems to suggest martin oii can influence and indeed decide this companies future - but what about the over 100 million shares ? No influence
Get a big enough grouping together with common purpose ….
Or do you just let the board do whatever they want
Much talk of TSF but what is going to happen with the profits ???
The way people consider they are impotent and futile the board can spend it on anything it likes
Cash in bank will not reflect share price unless there is a distribution to shareholders including via buybacks
Where have all the profits of the past ten years gone ?
A reasonable expectation of shareholders is to benefit from s shareholding through dividends and increased share value if a company is consistently profitable
The number of shareholders is few - there is no liquidity in this stock because it has no attraction - absent dividend policy and increasing shareholder value
The board has successfully decreased the share price by 50 per cent in less than 12 months
So we are happy shareholders that they are doing a great job ??
They communicate virtually nothing to shareholders and the market
For example can someone explain to me the full detail of their coal plan ???
Posted at 24/8/2023 09:27 by lowtrawler
We had a go at performing calculation some time ago and there are too many unknowns to get values that are accurate. The best we could achieve is the TSF must be worth at least $15m but probably much more. It is another example of GDP failing to keep shareholders informed. They will have internal reports showing the range of possible values but have not provided any indication of value for many years.

Given the minimum expected value is more than current market cap, it should be transformational to the share price and if GDP issued an official forecast relating to this, you would expect a major impact on the price. The thought has been GDP will not wish to release commercially sensitive information while negotiating with DRD but I'm sure DRD would be able to perform their own calculations based on the processing that is requested from them.

Assuming the TSF does lead to significant financial returns, the next question is what they do with those funds. My concern would be they reinvest it all into the next big business ventures and shareholders are left out.
Posted at 16/8/2023 12:44 by dinky00
They said they will exceed mkt expectations and the start of the new financial year will be strong due to backlog of sales.Share price drops and volume is non existent.The biggest issue for shareholders here is undoubtedly the lack of interest. Trade volume has absolutely died a death. Initiating share buybacks - no matter how small - would fix this. The board of management could not make it any clearer that they dont care about the share price or the share price prospects. No directors buying and no funds allocated to buybacks. And what is Martin Ooi up to?
Posted at 10/7/2023 13:01 by lowtrawler
alm2, it's difficult to say with any certainty. GDP are already generating more than enough profit to justify a higher share price. With workarounds for the energy issues and Ghana now back to full steam, profit should improve further. Throw in likely positive news on the TSF, logic would dictate a higher share price.

The potential spanner in the works is whether the market believes those profits will be used to benefit shareholders. If that belief is not there, the share price will continue to languish.
Posted at 05/4/2023 17:16 by ih_692232
In simple terms if Martin was presently or persistently demanding of dividends would the board fly in the face of a shareholder who owns just shy of 30 per cent of the company ?
The conclusion I draw is this does not currently fit with his requirements

But as has been pointed out 70 per cent of shareholders could take a different view

I am at a loss to understand the failure to devise and publicly state a company dividend policy - provided there are profits some percentage of these could nigh on always go towards dividend

The share price does not demonstrate capital growth for shareholders

So what is left future Hope of share price capital growth ?? How ??

A small company like this is never going to show fair value without dividends

It’s all Hope value ….

And look at the price of gold ….

Has that been reflected in the share price ??

This company needs to be run better and smarter

Better communication
Better understanding of shareholders views
Better rewarding of shareholders

Otherwise it’s a private toy for the board to play with and fritter profits without consequence as has so sadly occurred these past ten years

The best shareholders can do is communicate directly to the board - e mail your views let them understand your concerns and demands as a shareholder
Begin a concerted bombardment of individual shareholders views to the board
Let them know what we think
The q and a at each quarter date is lip service to taking into account shareholders views
Posted at 05/4/2023 16:11 by lowtrawler
The inability of the BOD to look after shareholders was actually demonstrated with the GRL minority acquisition for an extra 17% in our SA business. The business was valued at over £20m in that transaction and we now own over 90%. Hence, our share of the SA business should be valued at over £18m or we effectively diluted ourselves by paying too much.

GDP were notified the minority holders wished to dispose of their holding. Who else was going to buy their holding other than GDP? Based on our market capitalisation at that time, the whole of GDP was only worth around £12m and so the SA business was probably valued at £8m within the GDP share price. To avoid dilution, GDP should not have valued the SA business at any more than £10m. Instead, it agreed to pay a valuation twice that amount. As I say, it is very unlikely they would have found any other buyer than GDP and so why did we agree to pay twice as much as it would be valued at following the acquisition?

At the end of the day, it will probably be a good piece of business when the TSF is monetised but it was dilutive and we almost certainly paid more than we should.
Posted at 05/4/2023 00:11 by greville1
Yes Bedacau and many others speak sense. Many constructive and sensible comments have been made. I too have read these posts for a number years via Google.

I have been a holder of GDP shares for a considerable time. About ten years ago when the company was concentrating on its core business - gold recovery - it was very profitable, trading in excess of 15p a share and paying a worthwhile dividend. Since then successive GDP managements have attempted to diversify with fairly disasterous results.

And now again GDP is trading profitably but we have in place a board of directors seemingly determined not to provide the potential shareholder value. Why no dividend? GDP could certainly afford to pay at least 1/2 pence a share or probaly more as has been suggested. Profits appear to be being frittered away again i.e.coal mining. Why no specifics relating to future tailings activities? Details were promised years ago. What were the circumstances necessitating Gerard Kisbey Green's hurried resignation as chairman? There appears to be little or no buying activity by current board members. Why? Do they not believe in the future of the company?

Shares were recently suspended because of late filings of accounts. BDO, a large and generally well respected firm of accountants, have been blamed for this. But perhaps it was because they required some clarication or explanation relating to details of some transactions with which they were not entirely happy or for other reasons out of their control.

Martin Oii is a member of the board and a number of your contributors have suggested that he has a great deal of influuence on the decisions being made.He owns less than 30% of the issued shares i.e. a minority shareholder. If he has undue influence in board decisions for his own benefit this is obviously a totally unsatisfactory state of affairs.What is the deal he has with GDP? And would it not be sensible to appoint another board member to represent the interests of the remaining 70% of shareholders
as there does not appear to be one at present.

It appears to me that currently GDP is being run for the benefit of the directors and perhaps their friends but not for the benefit of 70% of shareholders. Certainly shareholder value does not appear to be on the BOD's agenda.Why is the share price currently languishing below 9p when W.H.Ireland Ltd consider fair value to be 21p?

A dividend would almost certainly raise the share price and would also bring in a number of other investors who sensibly avoid non dividend paying companies.And also some long overdue specifics concerning the company's future tailings plans would be very welcome.

I am sure that I will receive a great deal of flack for this contribution but as a shareholder I have been very disappointed and frustrated at the direction this company have recently taken.
Goldplat share price data is direct from the London Stock Exchange

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