Member Info for macaumike

It looks like it to me. US getting into further trouble and Trump gets crazier by the day. Big sault on G&S due sometime?

I look forward to the day when POG is 3000 and Silver 100.

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"Goldplat - quarterly update, production getting back on track..."

 
Goldplat - quarterly update, production getting back on track...

Read HERE: Itaconix – Woodford dog emphasises “Strong Revenue Momentum and Extended Funding”… but what’s the detail?
Goldplat (GDP) has updated emphasising that it is “pleased to report the progress made on key initiatives during the period, while maintaining profitability” and “with all the recovery operations restarted as of 20 April 2020 the group should continue generating profits during the last quarter”…
The Jadestone Energy share price could go lower but it has the strength to ride out low oil prices. Buy says Gary Newman HERE
It noted its South Africa business was placed on care on maintenance 5 days prior to quarter-end and, though its Ghanaian business was not required to close, “not all circuits could be operated at full capacity towards the end of March” there. Overall, “the cash and cash equivalents on hand at date of the announcement was £ 3,200,000”. That compared to “approximately £2.8 million of cash on hand and access to facilities of £500 000” on our prior update.
Air Partner – updates including “April was a record month”. Reviewed HERE
There will also be some current quarter impact – the restart of production in South Africa is at a reduced output and Ghana circuits could still not all be operated at full capacity in April for instance, but also noted is for South Africa “plans to increase production to full capacity shortly” and Ghana “operations should return to normal capacity during May we expect… will make up for most of the lost production during the last quarter”. It is also noted “the group continues to benefit from the higher gold spot price”, and the shares have responded higher to 4.45p capitalising the company at £7.5 million. The share price compares to around 3.5p when we previously updated, concluding the lockdowns will end at some stage and meanwhile the gold price is set to rocket. So now is NOT the time to sell. In fact BUY.
Concepta – another agreement to increase potential. Read more from HotStockRockets HERE
With the last half-year results having showed a gross profit of £3 million on revenue of £12.5 million, with “administrative expenses” £0.7 million and the share price still comparing to more than 7p reached in February when the outlook for gold was arguably not as strong as it is now, our stance remains buy.
This article first appeared on

is ridiculous and I cannot help but think that Goldplat will be gobbled up by an asset stripping vulture if it does not get it's act together. Progress is painfully slow and Kili a big drain. The assets must be worth minimum 20p a share and probably more if POG sustains. I am a longterm holder but getting a tad uneasy. Martin Oii has garnered 20% and I cannot believe he is going to sit quietly by?

The POM is critical and this looks like a reasonable set of figures to me? This is a production update only.

Hopefully clear the air a bit?

This will sort itself out and hopefully kill off more US shale operators which will reduce supply? Maybe BP dividend will be cut but they are well resourced and very flexible. So in the longterm will be back at 500p within 2 years.

Read RNS issued this morning. Goldplat back in business in SA from next Monday and all operating normally in Ghana.

That appears to be true but we really need an update from Goldplat?

You have summed it up well. The suspension is due yo allow limited operation soon and social distancing should be manageable. SA cannot allow complete suspension of mining and we should get news within a couple of weeks. This is a forgotten share with valuable assets especially with POG seriously up. Share price seems to have hit it's natural bottom?

Sorry that should read 20 years.

Sure things do not look great in the short term but with the dividend still intact (sure it maybe be cut) but they are now a slimmer, more nimble company always looking ahead. I have been a long term holder for 2yrs and seen tough times before but they always come back. Maybe I might sell a few at 600p? And add more at anything less than 300p?

Yes I recognise that Tesco costs (staffing in particular and delivery) have risen BUT with Lockdown and fear and the fact that no one can eat out supermarkets will continue to see boosted figures. I think that a large number of eateries will never reopen especially if the distancing rules are applied strictly? I do not know about you but being stuck at home increases daily food intake due to boredom etc.? I will continue to add on the dips and with the dividend still being paid all should be rosy. Not much downside?

I have baled out of UKOG and taken the hit. So will not be commenting on this board again.

and a nice bit of blue this morning?

Why do you think we have seen the bottom. Market is very volatile and the coronavirus has nowhere near peaked yet. Only 2000 NHS staff tested what a disgrace. No wonder BJ is holing up in his man cave? Will the next BP dividend be paid in full? I am in by the way and sitting on a humungous loss.

of mining should cause a rise in the price of Precious Metals? It will cause a lack of supply?

I have sold my small holding 500,000 at .36 this morning. Taking a big loss but something is better than nothing. Given up listening to the rampers and taken the hit. Time will tell if I am right or wrong?

I wonder who it is and selling at almost any price? Cannot believe most long term holders would be selling at this price even given the temporary suspension of most of our business?

on the dips. Today is no exception at marginally under 4p. The price drop is due to suspension of mining and associated activities in SA So patience is required.