Member Info for SEA7

I see the presentation has been added to the website today. http://www.goldplat.com/media/BAhbBlsHOgZmIkoyMDE0LzAzLzExLzE1XzEzXzE4Xzk2Ml9nb2xkcGxhdF9pbnZlc3Rvcl9wcmVzZW50YXRpb25fbWFyY2hfMjAxNC5wZGY

copied from advfn... http://www.shareprophets.advfn.com/file_download/194/ANGGDP.pdf

The gazetting of the list of extra large companies that would be subject to the local equity participation requirements of the new mining bill was expected to happen during february. This has not happened as the mining minister had hoped and as far as I am concerned, is nothing new, when it comes to time frames in african matters. When the wheels finally finishing turning on this issue and the list is published we will have a fairly definitive answer to our position regarding kili. That is until someone tries to change the goal posts again. The company has skimmed over the plan of expansion into burkina faso by stating that it is their intention to expand, however, the licences haven't been granted yet. These were expected three months ago and therefore the whole thing is on the back burner until the issues at south africa and ghana are ironed out and the licences are issued. Look back later this calender year for any advancement here I think. Hansie's efforts at restructuring contracts, so that customers receive payment based on the price achieved rather than a fixed price at the point of acquisition is an excellent move, however, it is one that should not need to have been taken, as this is how the business should have been doing it anyway. Hopefully the company will put the presentation from tonights investor evening on the website soon and anyone going will post feedback. By rights, the company should be moving forward in better shape after the issues that have arisen, have, or, are being dealt with. We'll see what transpires.

http://www.businessdailyafrica.com/Goldplat-seeks-joint-venture-in-review-of-Kenya-operations/-/539546/2238636/-/10wa4ksz/-/index.html Nothing we do not know already, however, good to see the coverage.

or should I say, the company was notified today that brian has bought another 500k shares at 6p

I see brian has bought another 500k shares at 6p each today.

They haven't gone into much detail about the crnd mining, suffice to say it is small and profitable at the moment.

Cash position at beginning of period £2,362,000 At end of period £634,000 So where has the £1,728,000 gone.... Well, the gross profit was £251,000 with admin expenses of £945,000 giving a cash cost of £694,000, add to this, finance costs of £218,000, a dividend payment of £201,000 and asset acquisition costs of £536,000 (note 7). This accounts for £1,649,000 leaving £79,000 of expense lurking somewhere in the accounts.

First glance at some numbers: Non current assets Inventory £4,417,000 Tax £150,000 cash £634,000 net position of trade receivables after deducting trade payables £528,000 Total value - £5,729,000 against the current mcap of £8.82m, meaning everything else is given a value of £3.09m at this time.

no, unfortunately not. I hope someone will post any feedback.

We also know of the interruption at the south africa plant due to the responsible gold award audit that took place over four months, which will have a big impact on the figures. I bet the interims will throw up more questions than answers, which hopefully will get answered at the investor evening. I expect they will put the presentation on the website as well.

If the interims are awful then the share price will no doubt drop a bit more. I am looking at picking up some cheaper stock again after the interims are out. Either way roll on monday, so we can find out what the damage is.

In place of the starts that lse has put into the link, type in directors talk.com .. without the space

This is the full report that the initiating coverage refers.. http://www.*****************/wp-content/uploads/2014/02/Dividend-paying-AIM-companies.pdf

WIth kili on care and maintenance, the explo projects shelved, the 3rd plant in burkina faso not even begun and the recovery plants holding their own, there is no reason to attempt to raise funds especially with the share price languishing at all time lows and the interims expected to be awful. The third recovery plant should be able to be funded from the profits of the other two, quite easily, so it comes as no surprise not to have heard anything regarding the build yet. It could have been put back a bit to get some more cash in the bank before commencing the 18 month build. Cost for new units were put at around £2.2 - £2.6 million last year. We are awaiting news on the licences, which were supposed to have been in place by the end of last year. As for buying pre or post interims..... 95% of what is going to be contained in them has already happened and is at least two months old, some of it will be 9 months old. If your timeframe is long on goldplat then it shouldn't really matter. You could always break your order up a bit and get some pre and post interims. Or simply wait.

During demetri's tenure, he appointed Dr robert smith as the MD of the two recovery plants, so that he could focus his efforts on the mine developement and exploration activities. This didn't go as well as thought it would and took a lot longer than initially planned for.

demetri's reason for departure is shrouded in mystery. He always intended goldplat to become a mid tier mining house, this doesn't appear to have gone to plan and no sooner had he gone, the explo projects were shut down and the kenya mine run down to a care and maintenance stage. The company has refocused itself on its core business of recovery from waste. I think he left because of this, however, it is only speculation on my part.

That posting was lifted from the aim listing document

For anyone that doesn't already know.. Goldplat Recovery was incorporated in 1979 as Golden Dumps Research (Pty) Limited and changed to its current name in March 2004. Demetri Manolis and Ian Visagie were appointed as managing director and finance director in July 2000 and March 1997 respectively. They acquired a total of 60 per cent. of Goldplat Recovery in August 2000 and in January 2006 Demetri Manolis acquired the remaining 40 per cent. The main focus of the business in 2000 was the supply of activated carbon and cyanide. It was decided that the range of services would be expanded to include the processing of by-product materials which mining companies were obliged to dispose of in terms of their mining licence but which they were not equipped to deal with themselves. To this end, a PGM extraction plant was commissioned in 2002. In September 2003 a gold extraction plant was acquired when Goldplat Recovery purchased the gold, precious metals and associated metallurgical processing business of Gravelotte Mines Limited for approximately £1,739,000 (based on the average exchange rate for that year). For various periods between 1992 to 2000, Demetri Manolis, Ian Visagie, Dr. Robert Smith and Pedro de Souza (who together comprise the senior management of Goldplat Recovery) had all worked for Gravelotte Mines Limited having all previously worked together at Consolidated Modderfontein Mines Limited. Dr Robert Smith had previously been involved with Goldplat Recovery in 1979. Since obtaining control of Goldplat Recovery in 2000, the current management team has overseen a major expansion in the scale of the processing operations. The trading business in activated carbon was scaled back in 2005 and finally ceased in 2006.

mcap at listing - £7.8m - shares in issue 104m - assets at the time - the SA recovery plant mcap today - £8.35m shares in issue 168m -assets - SA plant, ghana plant, kenya mine, £2m cash, explo acreage. Gold price double it was when listed. Beaten down is an under statement