Member Info for SEA7

yep - offer gapped up, - 5.8p cheapest to buy.

nope - still holding here!

yep moving up, now...cleared the sellers so far, buying getting stronger.

https://www.proactiveinvestors.co.uk/companies/news/911526/block-energys-latest-sidetrack-flows-550-boepd-in-tests-kicks-off-wr-51z-drilling-911526.html

Good rns - lets see how the market reacts to PH views and the numbers.!

Ogm4

goldplats year end is 30th June 2020 - we will get the full release of the interims to end december 31st 2019 in a few weeks.

The new CEO has indicated that the company will exceed full year market expectations - that is 5 months from now.

The figures for the first 3 weeks of H2 so far, must be great and he has indicated having better visibility, so if he states that we will exceed market expectations in five months, after exceeding them at the end of december, then this indicates a very strong pipeline of revenue.

goldplat are still owed another £586k if i recall, on vat from the kenyan authorities, so this is still to come.

personally i think the discussions have been completed and that they are confident of a sale - if they weren't confident, I would think that they would probably have said nothing, as talks would not have amounted to anything.

its a price sensitive bit of info and they may feel that others outside the discussions will know, so they cover their backs surrounding transparency etc by declaring that they have had discussions re an asset sale.

seen it on many rns's from many companies - had discussions blah blah, no guarantee of a sale, early talks etc etc - will let you know.

yep - the company has been in the doldrums for years, due to problems of one sort or another - WK has taken over and is building on the work done by the last CEO. The last CEO did great work at sorting out a lot of issues at the recovery plants, however, his strategy at the mining assets was what did it for him and he had to leave.

We have rerated from the dirt cheap, unloved status to a bargain price at 5p - still a long way to go, to see the true value reflected in the share price.

kingivor

i wondered why he was early with it. It would seem that he doesn't want it overshadowing some other good news that is due soon.

kili has had a lot spent on it and it owes goldplat quite a bit of cash in loans.

a divi would be great, so long as they do not need it to source material

goldplat scours the areas and buys up quantities of gold bearing waste from much smaller mines, disused mines and those in the process of closing for cash up front.

They do this by sampling the waste, having three assays done - one by goldplat, one by the seller of the waste and one by an independent to ensure that full transparency by both parties is preserved. They strike a price based on this assay. Goldplat ships the waste to its plants and either processes immediately or stacks it into the strategic stockpiles.

This means they are buying waste cheaply and when gold moves up they really make on it.

The company rotates and blends waste in its processing circuits to achieve the optimal production rate, which is based on the price of gold.

E.g
If the price of gold moves up ..they can push through some lower grade material to maintain a margin
if the price of gold moves down - they can push through some higher grade material to maintain margin.

if a supplier wants too much money for the material, goldplat can turn it down and work through strategic stockpiles instead.

Once werner gets the underground mining assets sold or partnered then goldplat will focus purely on surface recovery ops and environmental clean ups.

The recovery operations are powerful revenue generators, this is now being seen, after the issues have been ironed out and the new focus is bearing fruit.

the company has contracts in place with the major mining houses in south africa - anglo gold, sibanye, gold fields etc. - they send goldplat a steady stream of waste. Goldplat had a large contract in place with anglo golds massive obuasi mine in ghana before it closed down.... this mine has been re-opened with the first pour last month -

obuasi is in the top 9 largest gold mines on the planet - now it is back up and running...

Mine production in the first 10 years will focus on the upper orebodies and is expected to average 350,000oz to 450,000oz annually at an average head grade of 8.1g/t. In the following 10 years, average annual production of 400,000oz to 450,000oz is forecast.

Goldplat will be taking large amounts of gold bearing mine waste again from this massive mining operation and it will be processed at both ghana and south african plants. The capacity is there to do this already.

goldplat used to only have a one tonne elution plant in south africa - they upgraded that a couple of years back to 8 tonnes and installed an elution column in the ghana plant. There is already an elution column at the processing plant in kenya, which ultimately means they primarily send bullion to the refineries rather than concentrate.

Bullion is day or two turnaround, whereas concentrate can take weeks and sometimes months to be put through the process, as refiners have other clients using the facilities also.

goldplat is classed as a miner, however, its recovery operations are the real green aspect to the business. They take waste product from the mining industry, extract the gold that has become embedded in it and dispose of the waste in an environmentally safe manner.

Gold miners are obliged to dispose of their waste in an environmentally friendly way - that is where goldplat comes in.

Goldplat still has the recommendation from the ghana govt, as the first choice for ghanaian miners to send waste to, to be processed .

The company does mine clean ups, where they send a team in, clear up everything, ship it back to goldplat sites, process and recover gold.

They are also involved in the mercury clean up in ghana, re minmata - they started a pilot project, but that got halted, as the state wanted the outcome of the steering committee to be known and implemented first on the clear up of mercury from mining sites etc.

Goldplat used to process platinum minning waste and extract platinum years ago, so they have the know how to do it again, as indicated in the update.

The tailings facility that has at least 81k oz in it, was measured during late 2015 and they are still using the same facility to put more material in - so there is another four years worth of gold bearing tailings been added to this facility since the report was published.

lesboy...

please do some research on the company, its balance sheet, assets and performance -then perhaps you will understand the opportunity, instead of turning up here and posting poorly researched posts.

did you notice your other derogatory post was removed by admin.

yes ogm4 - some late reported buys showing up as expected .

well, we end the week up 87% since the open on wednesday morning - a great update, a great week and goldplats future is looking much stronger and better than it was earlier.

Have a good weekend all.

a lot of small sized lots sold for weekend beer money.

more 100k share buys showing up as delayed trades - a lot of background buying today.