Member Info for ChameleonMan

after all this huffing and puffing I conclude as follows: If the share price falls to 4p, David is right? If the board makes a supportive announcement and the share price rises, David is right? If the board makes a supportive announcement and the share price doesnt rise, David is wrong? If the share price rises for any other reason, David is wrong? Agreed?

Ah that explains everything! I think Jason must have been doing some of the typing on this board while you hopped off to chair a teleconference for SPECTRE :)

I shudder to think what a pet SM is but troubling visions of you as Ernest Blofeld stroking your pussycat as you type drift in to my mind.

Glad to see you are letting the share price do the talking! Perhaps you should give it a rest and take Jason out for a walk? Better to tire him out rather than us!

"Following the switch to pit shells based on a gold price assumption of US$950/oz, as part of the business review announced on 20 December the company is investigating a number of operational changes including moving to contract mining." That's a bit of a throw away line! Does that mean abandoning their own mines or extending their reach? Extending assumes they have extra capacity to take on more mining work but to be honest they seem to have enough problems of their own to deal with? Also where did they get a gold price assumption of $950? I thought that $1150 was seen as a conservative estimate of gold prices going forward?

Yes its best you do let the price do the talking but I bet you wont be able to!

It's strange but the only person I've heard moaning about GDP's performance is you! Everyone else is happy to ride the price down and up and down again if necessary, take the dividends and smile. You are the only dissenting voice with an agenda to replace the board and see your hero installed. Maybe you have fantasies of running the company with him? What a laugh!

I'm with you ArielArrow. Who wants to drink in a pub frequented by an opinionated loud-mouthed bore who admits to delight in winding people up ? Not me for sure. There are some good insights from others on here but they are being diverted by someone with an agenda and too much time on their hands!

No I think I am right again. You appear to take pleasure in the misfortune of other investors (Schadenfreude) so yes you will be happy at 4p whether you are topping up or buying back in as others suggest but you will have no friends here. It is naive to moan about the BOD - we know all Directors of all companies tend to be self-serving - this lot are no different. You are not worried about our wealth, only your own, so don't pretend to be. Give us all a break and stop posting until there is something concrete to discuss.

Well if your recent posts reflect your happy mood I dread hearing the outpourings of your depressed mind! Your only party companion will be Mr.Schadenfreude if GDP drops by 37% from today's value as you predict.

No, what you are witnessing may be akin to the drunken bore at the party who having bellowed and abused his fellow guests all evening, discovers himself alone to mop up the remains of the buffet, the party having moved on to more congenial surroundings to which he has not been invited?

Great information! I look forward to any market update with trepidation however as I worry that further impairment charges will be booked. I noticed that Barrick Gold are using a gold price of $1100 to value their assets going forward. If AVM used this figure it would be ~10% less than the previous guidance in the Q3 report, nameley: "Analyst consensus prices were used for the forecast of revenue from gold sales, based on an average consensus at July 2013 for the period 2013–2021. Prices ranged from US$1,278 per ounce in 2013 to US$1,230 in 2015, and US$1,260 per ounce from 2016." "A change of 10% in the gold price assumption would increase or decrease the pre-tax impairment recognised in the year by US$69.0 million." A further hole of $69m in AVM's balance sheet would be a blow! Not only that it would be unprofitable (on paper at least) to to produce with costs above $1,100. At Q3 the reported cash costs were $1195! Let's hope the business review can find a cost well below this?

David, It is such a shame! You clearly have great deal of experience and information which if presented in a more considered manner, would be very helpful to this board. However, as well as verbally abusing the BOD, you are now abusing others contributing to this board, expressing contempt for their views and opinions . The use of the words "you mutts" may perhaps be acceptable in your culture but it certainly isn't acceptable in mine. Rather than reporting your comments and having them removed I would rather ask you to modify your language, stop SHOUTING by using bold type and kindly show some respect for other members. An apology and a more restrained manner would be the actions of a gentleman.

David, anyone reading your back posts would quickly realise that you are far from a novice investor but really a wily old fox! Quote David Dec 13, 2013 on GDP: "I did though question my own judgement, and that made me fell uneasy, very uneasy. However, after a complete reassessment of GDP (2 days going through, and over, all news, accounts and reports), and importantly what exactly the award of the RGA means, and how it will impact upon the future profits. Subsequently, in all seriousness, I believe GDP to be one of the best buys on the AIM, especially at these grossly undervalues prices! 30p is my target SP for 2014, and I will top up through to year end accounts and the next divi time. On the latter I see a return in the divi to at least the maiden payout, making GDP a very attractive punt, but more importantly........a great long tern investment!" Does "every investor has the duty to buy at the lowest price possible" ring any memory bells to you? Come clean David, we know your game and the game's up! You won't get your 4p from this audience!

None taken! :)

That's easy: stock markets down, dollar down = gold up!

I was combing through recent statements from the company to see if I could find any evidence for David's view that the next RNS would have bad news which had already been signposted by the Chairman. I couldn't find anything in the Chairman's statement to support this view but I was reminded of some of the hidden value (10p/share) in the company, in particular in GPL (South Africa) alone: "To ensure that GPL is 100% Black Economic Empowerment compliant well in advance of the 1 May 2014 deadline, we signed a binding agreement with our partners Amabubesi Property Holdings (Pty) Ltd (‘Amabubesi’) to sell a further 11% of GPL to Amabubesi increasing its interest from 15% to 26% (‘the Transaction’). Amabubesi have been very supportive shareholders since their initial acquisition in 2008 and we look forward to continuing this relationship in the future. Interestingly, the Transaction, which valued GPL at approximately £19 million, gives a current see-through value for the 85% of GPL we owned of circa £16 million or a Goldplat share price of 10p. Again this highlights the fundamental value of our South African operation." I think we should all remember this and be optimistic about the future prospects of the company which, in my opinion, only requires our patience to see realised.

Strangely David's 9.47 post seems to have been removed from the discussion board? Did someone complain? Maybe too sexist for some ? After yesterday's "herrings in the sun" post, its all beginning to smell a bit fishy? :)

Nice UT buy after the close! Someone sees the potential upside!

Well if it does, I shall be buying more....as I expect you will?