Gold & PGM Recovery, Mining & Production

Goldplat Plc is a market leader in the recovery of gold and platinum group metals from metallurgically-challenging materials consisting primarily of by-products from gold and platinum mines in South Africa.
The Company is replicating the South African recovery business model in Ghana where there are again significant mining operations that can benefit from the recovery process.

The revenues from both operations will be utilised to identify and acquire gold mining assets with resources of up to two million ounces.

In essence, the Company intends to build a mid-tier gold production vehicle in Africa, predominantly financed by an established business with blue-chip clients and strong revenues.

21 December 2006

Preliminary Results
Goldplat plc, the AIM-traded producer of gold and platinum group metals ('PGM') recovered from by-products of the mining process, announces its results for the period ended 30 June 2006. These results do not include the results of Goldplat Recovery (Pty) Ltd ('Goldplat Recovery'), which was acquired by Goldplat after the year end. The results for Goldplat Recovery were announced on 24 October 2006.

Overview

Listed on AIM in July 2006 having raised 1.5 million
Acquired Goldplat Recovery, a South African producer of gold and PGM's recovered from by-products of the mining process
Increased productivity and profitability of Goldplat Recovery following investment in new and the upgrading of existing machinery
Established complementary processing plant in Ghana to meet the demand from West African gold mines - Gold Recovery Ghana Limited
Strategy to create a junior mining house focused on gold production through the acquisition of known gold deposits - actively reviewing a number of projects in Ghana, Mozambique and Kenya
Chairman's Statement The accounts of Goldplat plc are drawn up to 30 June 2006, prior to the admission to AIM and the acquisition of Goldplat Recovery (Pty) Limited ('Goldplat Recovery'). They reflect a period during which the Company agreed to acquire a Tanzanian gold exploration company, Zari Exploration Tanzania Pty Limited. The contract to acquire Zari lapsed on 30 September 2005 and subsequently the Directors concentrated their efforts on the acquisition of Goldplat Recovery and Gold Recovery Ghana Limited, and the AIM admission.

It gives me great pleasure to report on progress made since listing on AIM in July 2006.

On listing, Goldplat acquired Goldplat Recovery, a market leading South African producer of gold and PGMs recovered from by-products of the mining process and raised 1.5 million. The Company's stated strategy is to create a junior mining house focussed on gold production through a phased development strategy backed by revenue generated from the recovery business.

Phase one is to increase the efficiency, flexibility and profitability of the South African processing plant. Phase two is to establish a complementary processing plant in Ghana to meet the demand from West African gold mines. Phase three is to expand into mining through the acquisition of known gold deposits with targets of between 200,000 and 2,000,000 ounces of contained gold. To this end, your Company has made considerable progress.

Beginning with the South African operation, Goldplat Recovery, as announced in October 2006, we have made great progress in increasing productivity and profitability. Following investment in new and the upgrading of existing machinery and the solving of how to deal with some technically challenging materials, the operation is now generating strong cash flow. These improvements were demonstrated by the results recently released which showed that it went from making a loss after tax of ZAR306,868 for the first nine months, to a profit after tax of ZAR1,327,674 for the full year.

Goldplat Recovery works with all the key operators in South Africa. It operates from a freehold site of 22 hectares near Benoni in Gauteng, South Africa, where it houses a processing plant and raw material stockpiles. It also has surface rights over an adjacent 12 hectare site where it has established a tailings facility. Mining operators are obliged to dispose of mining by products in an environmentally friendly manner, which is where we step in. The Company acquires raw materials, such as woodchips, fine carbon and waste grease, from mine operators after testing to establish gold or PGM content, moisture content, recoverability and size.

The next part of the strategy was to establish a complementary recovery facility in Ghana. To this end we established Gold Recovery Ghana Limited ('GRG') and in September we acquired a 4.25 acre site in the free zone port of Tema for USD200,000 cash. Construction of the processing plant is underway and operations will commence in January 2007 with further expansion to take place during 2007. We expect to access raw materials from mines in Mali, Guinea, Burkina Faso, Benin, Cote D'Ivoire, Senegal, the DRC, Mauritania and naturally Ghana too. We are currently building relationships in these areas. GRG has already established an initial turnover through agreements with local mines and is exporting fine activated carbon to the plant in South Africa. Once the plant is up and running GRG's first operations will be the cleaning of rubber and steel liners to produce a concentrate for export. The cleaned aluminium and steel will be sold locally.

The final part of our strategy is to expand into gold mining through the acquisition of known deposits (not greenfield exploration), supported by revenue generated from the gold and PGM recovery operations. We are focused on acquiring gold targets of between 200,000 - 2,000,000 ounces of contained gold, which are too small for major mining companies, yet potentially highly profitable. The Directors have been actively reviewing a number of projects in Ghana, Mozambique and Kenya and are excited about the opportunities available.

With its highly profitable recovery business in South Africa, its soon to be in operation plant in Ghana and balanced risk approach using cash flows from existing processing operation to fund development of mining projects, I believe that your Company is in a very strong position to develop its growth strategy and reward its shareholders.

The profits from Goldplat Recovery for the first four months of the current year are in excess of forecasts and bear out the statement in the admission document that the outlook for the future is favourable.

I would like to thank the management and the rest of the team for their support through the extremely busy listing period and for their successful efforts in both turning the South African business and establishing the new operation in Ghana.

Brian Moritz
Chairman
19 December 2006

Goldplat plc
19 February 2007

Goldplat plc / Ticker: GDP / Index: AIM / Sector: Mining & Exploration

19 February 2007

Goldplat plc ('Goldplat' or 'the Company')
Directors Dealings

The Company announces that Brian Moritz, non-executive chairman of Goldplat plc,
has today purchased 165,000 ordinary shares of the Company at 6p per share.
Subsequent to this purchase, Brian Moritz holds a total of 1,565,000 shares
representing 1.5 per cent. of the issued share capital of the Company.

Goldplat plc
05 April 2007

Goldplat plc / Ticker: GDP / Index: AIM / Sector: Mining & Exploration


Goldplat plc ('Goldplat' or 'the Company')

Placing of new ordinary shares


Goldplat plc announces that it has placed 5,000,000 new ordinary shares ('the
placing shares') of 1p at 10p per share to raise 500,000. These funds will be
used in connection with the evaluation and acquisition of new mining ventures,
primarily gold mining projects, and for working capital.

Following the placing, Sirius Resource Fund 1 will hold 4.58% of the total
issued share capital, that being 109,000,000 shares.

Application has been made for the placing shares to be admitted to AIM, with
admission expected to occur on 13 April 2007.

Commenting on the placing, Goldplat's Chairman, Brian Moritz, said, 'We have an
exciting development plan, which is backed by a cash generative business. The
placing at a 10% premium to market price endorses and shows great support and
belief in the Company's strategy and the commitment of Demetri Manolis, our CEO, to establishing Goldplat as a junior mining house.'

Goldplat (GDP) delighted the market with news of a fundraising at a premium to the previous night's closing price. The company said it had raised 500,000 pounds via the placing of 5 million shares at 10p each. Funds will now be used to evaluate and acquire new mining ventures, primarily in gold, as well as finance working capital. Shares ended the day 1.875p higher at 10.625p.

11 May 2007

Goldplat plc ('Goldplat' or 'the Company')

Progress Report on Ghana Operations


The directors of Goldplat PLC are pleased to announce that substantial progress has been made towards bringing the new plant in Ghana, operated by the wholly owned subsidiary Gold Recovery Ghana Limited ('GRG'), into full production.


Plant Construction

Stage one of construction at the free port of Tema, Ghana, has been completed. This includes the office building, change house, security building, electrical sub-station, container loading ramp, process building, material storage containers and the installation of the incinerators. The property is surrounded by a brick wall and steel gates and has 24 hour security guards. A supervisor and production staff have been appointed. These staff members are Ghanaian citizens.

Completion of stage one has meant that processing fine carbon, steel and rubber mill liners and similar high value materials is under way.

The second phase of construction is now in progress. This will enable GRG to process lower value gold bearing materials similar to those presently processed in South Africa.

A mill has been selected and is being refurbished at the group's facility in
Benoni for shipment to Ghana. Gravity concentrators have been ordered and a
quotation has been obtained for the CIL tanks which we propose to order from a
Ghanaian company. This second stage will allow GRG to reach its full planned
production capability later this year.


Processing and raw materials

As stated above, GRG has commenced production of gold. To date 14 kg of gold
have been produced from 108 tons of raw material and GRG is already operating
profitably. Further material has been processed to the concentrate stage and is
being stockpiled at Tema for bulk shipping to Rand Refineries.

The procurement of raw material is an essential element for GRG to be successful, and the directors are very encouraged by progress to date.

The contract with Anglogold Ashanti's Obuasi mine was referred to in the Goldplat Admission document and has subsequently been renewed and extended to include mill liners and grease.. Fine carbon has also been secured from Golden
Star Mining's Wassa mine and from Central African Gold's Bibiani mine. Mill liners have been secured from Obuasi, from Redback Mining's Chirano mine and from Wassa. In addition, mill grease has been secured from Obuasi.

Supplies of mill liners and grease are currently being negotiated with another
Anglogold Ashanti operation at Iduapriem as well as from Bibiani.

Taken together these contracts will mean that GRG has a steady flow of materials for processing.

The board is also encouraged at the progress made in securing materials to be
processed though the CIL plant, when construction is complete. In addition to
materials similar to those processed in South Africa, it has become clear that
small scale mining in Ghana has resulted in tailings which are an environmental
liability and at the same time contain much higher concentrations of gold that
those found in South Africa. The Ghana Minerals Commission provided GRG with a
list of the licensed small workers which contains approximately 100 license
holders. Visits to some of these licence holders and the initial sampling of the
tailings on their properties indicate that the processing of this material in
Tema will be economically viable. Testwork on one of the stockpiles provided a
head grade of 14.7g/t and a gold recovery of 43.5% using a standard gravity
concentration process and 92% recovery on the middlings and gravity tails using
the CIL process. An official testwork report has been obtained. This initiative
is supported by the authorities in Ghana. A more detailed evaluation of the
volumes of tailings available and the gold grade is being undertaken.

These visits have resulted in other opportunities being presented. In
particular, the acquisition of gold in a form with a much higher grade and the
acquisition of gold mining properties and their subsequent development into
small mining operations are two examples of the opportunities available.

Commenting on progress in Ghana, Demetri Manolis, CEO of Goldplat, said, 'The
Ghana operation is only one area where Goldplat is making rapid progress. The
opportunities available to us to enter the junior mining area have exceeded
expectations, and some of our cash flow has been used to investigate these
opportunities. For that reason, the board took a decision to reduce the rate of
development in Ghana while maintaining profitability by stepping up South
African production. Despite the change of emphasis, production in Ghana
commenced precisely on schedule and I remain convinced of the excellent
prospects for GRG.'

Did some digging around on this one chaps, could well be worth a small tickle, very speculative, but quite excitingly spicy if you like a flutter with a good potential upside.

Have a look but research it well.

Good monring Chaps as I was saying and only yesterday:-

And its up a tad today,

You know chaps when these samll gold shares motor they either crash big time ---or fly, soaring as high as the vitality of shareholder's oxygen will let them.

I am betting this is a flier.

Goldplat Kenyan Gold Mine JV


RNS Number:2648Y
Goldplat plc
13 June 2007


Goldplat plc / Ticker: GDP / Index: AIM / Sector: Mining & Exploration


13th June 2007

Goldplat plc ('Goldplat' or 'the Company')

Enters next stage of development with Kenyan Gold Mine Joint Venture


Goldplat plc, the AIM listed gold producer, has formed a joint venture to
develop the gold potential of the highly prospective 213 sq km Lolgorien licence
area located in the historically producing Migori Archaean Greenstone Belt in
western Kenya, with a view of establishing a mining operation in the short term.
The agreement marks the next stage in the Company's strategy to create a
mid-tier mining house focused on gold production, leveraged through revenue
generated from its gold and PGM mining by-product processing operations in South
Africa and Ghana.


Under the joint venture agreement with International Gold Exploration AB
("IGE"), a Swedish mineral exploration company quoted on the Oslo Stock
Exchange, a new company will be formed in Kenya ("Newco") into which IGE will
provide the mineral rights and transfer all existing plant, equipment and
buildings on the Lolgorien licence area. Goldplat will provide Newco with cash
and/or services and equipment to the value of US$400,000. Thereafter, each party
will contribute equally to the costs of gold exploration and production and
share equally in profits generated.


The Migori Archaean Greenstone Belt, where the Lolgorien licence area is
located, is in the northern continuation of the Lake Victoria Goldfields, which
hosts many major gold deposits. This includes Barrick's multi-million ounce
North Mara mine, which lies approximately 40 km to the southwest of the
Lolgorien property. The neighbouring Macalder Mine, which produced 950 kg of
gold between 1935 and 1966 and now has a resource of 1.24 million ounces ('ozs')
gold, is currently being explored by a Canadian junior. The belt is exposed for
90 km along a northwest strike and is approximately 11 kms wide. The structure
of the Migori belt is considered to be a broad syncline with Lolgorien situated
on the southern, more highly strained limb.


The licence area has been the site of considerable historical gold mining and is
still the focus of artisanal mining. Official reports, starting from the early
1900s, show that between 1920 and 1950 the area produced nearly 1 million ounces
of gold.


Substantial exploration and mining has historically been undertaken on the
Lolgorien licence area and up to ten targets have already been identified by
Goldplat's geological team. Kilimapesa Hill is currently the highest priority
target, which is part of a 10 km long ridge of banded iron formation (BIF) on
which there is a 1,400 m section of artisanal gold mining workings. The BIF
typically varies in width between 10-20 m although some areas reach 30 m, and
the entire zone of mineralisation is up to 60 m wide. There is a marked
similarity between the Kilimapesa style of mineralisation and that of the 2.2
million oz gold sulphide replacement BIF mineralisation at Golden Ridge, and the
mineralisation of Geita in Lake Victoria Goldfields. Five adits developed during
the early 1900s have been recently re-sampled and confirm that high grade values
were mainly situated within the BIFs, although there were also some high values
recorded in quartz veinlets in the adjacent lithologies. A drift followed the
quartz vein for 70 m and rock chip samples frequently returned values between
10-20 g/t Au.


In 1999 IGE sunk a shaft and undertook development in the southern portion of
the licence area, focusing on quartz vein swarms which recorded rock-chip sample
grading between 1 g/t Au and 140 g/t Au. There is also considerable geochemical
and drill data available from previous exploration programmes in the 1980s and
1990s, which requires re-interpretation. A small processing plant is on the
property comprising a ball mill, gravity circuit and CIL leach tanks. Many other
small mines also exist on the property, which are either abandoned or are being
worked by artisanal miners.


Goldplat's initial focus is to proceed to resource definition by taking the
following steps:


1. Collate all available geological and technical data and identify the most
promising targets, which will be prioritised and further evaluated by;

* Accessing old workings and sampling the target areas;
* Trenching on surface;
* Sampling of outcrop areas and other reef exposures; and
* Primary development in accessible areas to access larger areas of the
ore body.


2. Define available mineral resources based on the above exploration followed
by feasibility studies.


Demetri Manolis, CEO of Goldplat said, "This is an exciting first step towards
achieving Goldplat's strategy of becoming a leading mid-tier mining house
through acquisition. The Lolgorien licence area has significant historic
production and is in a region that houses some of Kenya's largest goldmines.
Kenya is an attractive country for us to operate in with an active Chamber of
Mines and a new Mining Act imminent, which is expected to reflect the liberal
philosophy of other countries such as neighbouring Tanzania. Using existing cash
resources we intend to initiate an extensive confirmatory exploration programme
to define a gold resource. We have the team and experience to make rapid
progress at Lolgorien and I believe that in a fairly short timeframe, we can
establish a gold mining operation in accordance with our strategy."


* * ENDS * *


For further information visit www.goldplat.com or contact:

Demetri Manolis, CEO Goldplat plc Tel: +27 11 423 1203
Mob: +27 82 454 7392

James Joyce WH Ireland Limited Tel: +44 (0)20 7220 1666

Isabel Crossley St Brides Media & Finance Ltd Tel: +44 (0)20 7242 4477



This information is provided by RNS
The company news service from the London Stock Exchange

END
JVEUOOWRBARNARR

Good update, David. Looks like this will be a flyer soon.

They certainly seem to know what they are doing and of course the product is all there right under their feet.

I thought it worth a few bob.

TIME TO GET YOUR BUYING HATS ON CHAPS!

As said worth a tickle eh!

Good morning chaps the new deal seems to have pleased the market even if they are not aware of it in Sweden.

Well worth a small punt.

There are now-------from iii

Good morning.
This is what we have been waiting for from Sweden:


INTERNATIONAL GOLD EXPLORATION IGE AB ENTERS A JOINT VENTURE WITH GOLDPLAT PLC

10:01
INTERNATIONAL GOLD EXPLORATION IGE AB ENTERS A JOINT VENTURE WITH GOLDPLAT PLC

International Gold Exploration IGE AB has formed a
joint venture with GoldPlat Plc in Kenya.

International Gold Exploration IGE AB has formed
a
joint venture with GoldPlat Plc in Kenya. Goldplat
Plc is a British gold producer, listed on the
Alternative Investment Market (AIM) in London,
which mainly operates in Africa. The management of
the company has extensive experience of opening
and
operating gold mines in South Africa and Ghana.

The agreement implies that a new, jointly owned,
company will be formed in Kenya. The company will
be responsible for the extraction of 10 gold
mineralizations, with a total area of 14 km2. The
agreed areas are located within the Lolgorien
concession owned by IGE, which has a total area of
325 km2. IGE and Goldplat shall respectively
invest
USD 400 000 in order to equally own the company,
by
50 % each. IGE will carry out this investment by
transferring tangible assets, in terms of
production equipment, from the wholly owned
subsidiary in Kenya, to a value corresponding to
USD 400 000.

The Lolgorien concession is one, out of seven,
concessions held by IGE in Kenya. IGE long term
goal in Kenya is to define several gold deposits
with enough tonnages and grades for large scale
open pit mining. The mineralizations included in
the joint venture agreement are not subject of
open
pit mining in the future. Golplat is specialized
in
narrow vein underground mining.

The agreement creates good conditions for
synergies
between IGE, which is specialized and well
experienced within exploration, and Goldplat which
focuses on production. The cooperation between IGE
and Goldplat can be subject of additional JV in
other areas of Africa in the future.

For further information please contact:

Michael Nilsson VD IGE, tel. +46 703 390 388

Or visit the company`s website: www.ige.se

mmmhhh see it was rated a buy in Shares Mag today!

Must be the way I pick them.

NOW SHOULD MOTOR NICELY AS THEY TIE UP WITH ONE OF THE BIGGEST AND OLDEST GOLD MINERS IN AFRICA.

Goldplat signs deal with Anglogold Ashanti, Rand Refinery to buy materials - AFX


LONDON (Thomson Financial) - Goldplat PLC said it has signed agreements with both AngloGold Ashanti Ltd and Rand Refinery Ltd to buy materials, which will be processed at Goldplat's gold recovery plants at Benoni in South Africa and at Tema in Ghana.

The AIM listed gold producer said the contract with Ashanti includes by-products such as woodchips, rubber and steel mill liners, oils and greases from Ashanti's sites at both the Vaal River and the West Wits areas.

On its agreement with Rand, Goldplat said it has first right of refusal to process all by-products not suitable for Rand's own refining process.

In turn, Rand Refinery, which already refines the bullion produced by Goldplat in South Africa, has exclusive rights to refine Goldplat's Ghanaian production.

Demetri Manolis, chief executive said the agreements ensure a continuing supply of quality material for processing and added it is aiming to fast-track its production in the Lolgorien licence area in Kenya.

TFN.newsdesk@thomson.com

Great end to the day nice move up more to come from this one. And I know there are some good deals in the pipe line. The mining game is so closely interlinked and you can find out with relative ease whats going on if you work at it.

25p very soon.

Doing some research on my mining stocks over the weekend I came across a potential nice little earner and although not in it as I think GDP have better prospects right now, I thought it worth a mench.

Its Aim-listed and called Aurum Mining.

They specialise in gold and copper prospects in Russia. The group has been around for a while and although had its fair share of bureaucratic problems over licences etc is now coming the end of its construction in the Kyrgyz Republic, of its of its Andash mine which should see mining production, possibly towards the end of the year with production set to commence later this year and reaching full production two years later.

Edison Investment Research who did such a fine job on its MLR company report are expecting a rerating of Aurum Mining shares soon as commercial production draws nearer. Also there is a rumour preditor lurking around in the form of KazkahGold.
Also in this business with copper and gold prices standing at a near all time high, share prices can move very quick.

We saw what happen to GDP last week on the mention of a recyclying deal with no figures involved so for me its one to watch and I may even buy next week.

Good luck one and all.

I am no chartist and certainly no ramper, but in my attempts to see if charting can be a good tool for me. I find that GDP loks promising over the coming weeks.

Any, and all, comments welcomed. good. bad and even from the ugly.

Makes no odds to me if you knock the shares I hold as I bought 'em!"

Have a nice day, the moors were perfect from the back of the Goldie, lovely and fresh this morning.

Goldplat is a very strong BUY at 15p...



Goldplat sees Ghana gold recovery plant operational in Jan 2008, ahead of time - AFX

LONDON (Thomson Financial) - Goldplat PLC said its gold recovery plant in the free port of Tema, Ghana, is targeted to be fully operational in January 2008, ahead of schedule.

It said the plant, owned by its Gold Recovery Ghana Ltd (GRG) unit, is already in production, with full commissioning targeted for December 2007.

The company said while it can expect an increasing contribution to the second-half results from GRG following the completion of its planned facilities, the prospects are further improved by the exciting possibilities for smelting concentrates.

Goldplat also said the construction of the carbon in leach circuit, the final part of phase two of the development programme, is on target to be completed at the end of November.

GRG plans to commission the plant in December and to be in full production in January 2008, the company added.

TFN.newsdesk@thomson.com

Hi all,
I am a great believer in this share. and I think it is currently greatly undervalued - and it is simply a question of time before the market recognises this.
I would guess that it will not be until Sepember when the full year profits are published that the true benefit of increased gold prices are reflected in Company results that investors may begin to wake up to GDP's strategy.
Having said that, it is my belief that we will see growth in the SP as newsflow on mining progress, and new acquisitions via the recent JV with Vunani, begins to flow .
I believe that we are due a progress RNS from GDP by the end of March, and, traditionally the Company have been good at updating the market on a monthly basis.
I have done a fair bit of research on GDP, and, if anyone would like me to send it to them, if you drop me a line to stevedavies1947@cytanet.com.cy I will be happy to forward it to you.
Regards
Steve

Progress has been rather slow recently...the graph is tipping downwards, I would call a SELL now at 13.25p.

Glad I was right and sold out of Goldplat...now 12.25p

Support at 10p. Wise decision I think, hlyeo.

hlyeo, your sell probably caused the 1p decrease ! :-).
I'm in for very long term with this one. Good solid company (but not very exciting).
UC.

New in depth article and analysis HERE

New article and analysis, please click HERE

Holders should enjoy!

Click HERE

Good article in Proactive Investers---Goldplat-Under the Gold Fever Radar.It suggests the share price should be about 50% higher.

New article;

http://www.proactiveinvestors.co.uk/companies/news/9479/-goldplat-a-profitable-debt-free-cash-generative-africa-focussed-gold-producer--9479.html

March 18, 2010 Minesite

Goldplats Transformation From Gold Processor To Fully Fledged Miner Begins To Gather Momentum
By Sally White



Junior gold producer Goldplat is trading at an 80 per cent discount to its after-tax net present value, according to house broker WH Ireland. Alright, the companys own broker is bound to take a reasonably rosy view of things, but still, it does jump out as a pretty wide margin of difference. After all, Goldplat has just announced interims showing that it has the backing of net cash of 1.05 million and a steady profit flow from its gold recovery operations. Well may house analyst Gaius King at WH Ireland say the price leaves him completely at a loss. And its perhaps no surprise that Goldplat founder and chief executive Dimitri Manolis remarks I am very frustrated.
Despite this discount, with its Kilimpesa Gold mining project in Kenya hopefully just weeks away from commercial gold production and sales and a new prospective mining project in Burkina Faso, Manolis is feeling very optimistic. He taking no risks, however, that the market will overlook any progress on Goldplats plans to transform itself from being a processor of other peoples gold into a mid-tier mining house. Hes planning to try to reach a far wider range of investors in the coming months.

Goldplats shares are trading a couple of pence higher than this years low of 8.5p, but at around 10.5p are still not that far from 2006s 7.5p debut price, and a long way down from the 17.5p peak. Kings present valuation is for 19p a share.

On WH Irelands current forecast for underlying profits to rise from 1.8 million to 3.3 million this year, the price earnings ratio is just over eight times, against a historic rating of six times. For 2011 he estimates underlying profits at 5.06 million, giving a rating of around five times earnings. These numbers are based on increased capacity in Goldplats process plants, which treat whats termed as heaving mining waste flow, and on commercial production at the Kenyan mining operations.

Goldplats interim results, out a few days ago, showed revenue from precious metals recovery at its two sites in South Africa and Ghana of 5.4 million, up from 5.2 million from the previous comparable period. Operating profits rose 54 per cent to 1.225 million, but with foreign exchange movements taken into account the pre-tax figure dropped slightly to 1.15 million from the 1.2 million reported during the comparable period last year.

Heavy mining waste flow comprises everything from mill liners, to sludges, woodchips and even grease, and varies widely, but Manolis is confident that second half production will be higher than the first. In South Africa, a larger mill has been commissioned, capacity increased and the range of material widened. This will cut costs and boost cashflow. After slightly disappointing initial results, the Ghanaian site is being equipped with a new incinerator and a cyanidation plant so that it can sell gold in bullion form, boosting savings and cashflow there.

Over the years Manolis has developed good relations with mining houses looking for ways to dispose of waste in compliance with environmental regulation. He has just announced a new contract with AngloGold Ashanti, and already has others with AngloGold, Harmony, Barrick, Anglo Platinum and Goldfields. This gives him plenty of contacts for new prospective mining projects.

Part of his frustration is that he feels that although Goldplat self-funds all his developments, the financial strength that this implies still isnt recognised in his share price. Whats more, given Goldplats stockpiles, King reckons that revenue is virtually guaranteed for a number of years.

Leaving no route unexplored to get to a wider retail market, Manolis has also taken steps to improve the liquidity in Goldplats share trading, a necessary move for a company with a market capitalisation of only 11.7 million, and for which large parcels of shares are few and far between. Around three million shares from family trusts were placed last year with investors managed by several large family offices. The plan is that this will create a base for additional purchases once the news flow really hots up. We shall see!

Up 2.5 % on good volume.

This has really gone nowhere but down after all these years despite being a gold and platinum producer. Poor management is all I can say.

I sold mine months ago for that very reason.

BIG TIP IN THE MAIL ON SUNDAY - BOUGHT ON FRIDAY HAPPY DAYS

Well done transco.

MoS Article

Curiously I was also looking for an opportunity last week to invest in the Mining sector (in particular gold) and came across Goldplat. I have no idea if the MoS article will have any great effect but we'll see in the morning.

Seems the article had a somewhat positive effect, just me and Transco then?

Progress Report on Operations

Goldplat plc, the AIM quoted gold producer, is pleased to provide an operations
update for its two gold recovery businesses in South Africa and Ghana which are
both continuing to perform strongly.

Gold Recovery Ghana ('GRG'), the Company's 100 per cent. owned subsidiary, has
entered into an agreement with Golden Star (Wassa) Limited ('Wassa'), under
which Wassa will undertake contract processing on gold bearing materials sourced
and owned by GRG. Wassa has undertaken to process approximately 4,000 tonnes per
month which is expected to produce an additional 3,000 - 4,000 oz of gold per
year at Goldplat's Ghana recovery operations. This agreement increases the
processing capacity of the group and has the potential to generate a significant
profit for GRG.

The contract is for an initial period of one year from the date of the agreement
and can be extended.

In South Africa further progress has been made to secure new raw materials, and
ensure the long-term supply of gold bearing feedstock for processing. A further
agreement has been finalised with AngloGold Ashanti Limited to purchase a total
of 20,000 tonnes of gold bearing raw material, with an estimated 3,000 oz of
contained gold, from its West Wits operation in South Africa. The Company
expects to process this material over a period of six to twelve months.

Nice! The Daily Mail's other gold tip RRR also doing well.

Just popped over to the 'zoo' expecting to see a GDP thread top of the pile with zillions of posts - amazingly only 20 since yesterday for a stock that has jumped 30% in a single day. Refreshingly, some sensible posters and none of the usual ramp / de-ramp muppets. I'll try and post a chart later which (will be pretty useless) but may provide an indication of future SP targets. Certainly there has been a breakout today, which hopefully will be sustained tomorrow.

As I suspected not much point in posting a TA chart, due to the rather surprising rise today. having said that, there are a few points worth noting:

1. The SP has broken out of its trading range with significant impetus, ie above the 13p resistance level. A word of warning, breakouts are sometimes accompanied by retracements back to the previous resistance level which will now (hopefully) become support.

2. The SP has broken above a long term downtrend resistance line. 20p represents the all time high and must be the next target.

3. The MoS article resulted in a small 'gap' the top of which should also act as support to any retracement. (It's a myth that gaps are always subsequently filled).



4. Finally, it is interesting to note that nearly 74% of the shares in issue are held by funds / insitutions which has historically led to illiquidity issues and spikey SP movements. I expect the next few days / weeks to be no different.

Beginning to look good

I am removing ALL my research from here due to the constant personal abuse, defamation and distortions of it posted by:

ptholden

hlyeo98

halifax

blackdown

kimoldfield

cynic


This bunch of abusive retards is the reason MoneyAM will NEVER have a forum worth reading.

I have reported them to support by they do nothing, either because they want to force me to PAY them for the Traders Room or because they are too lazy to do anything. Maybe the people in support are the ones perpetrating the abuse, so as to force people to pay for the premium boards. Either way the service is sh1te and a disgrace to the finance industry. No wonder there is nobody left here apart from morons.

I will continue posting my good research on boards that are run in accordance with FSA and LSE listing rules and the interests of the market, not here where ar5eh0les rule the boards and all decent research is buried under their piles of sh1te.

Yes I would agree reading back there is never any excuse for rudeness. But please dont go your posts are more well researched and helpful to many than most here.

Market seems to like the appointment of Mr. Lamming.
2517

Closing in on a GC here.
2517

Finals mid Sept.
2517

Overcame early weakness to finish modestly higher, final results for last year were on 13th September, I assume a similar date for this year but there is nothing on the forward diary. These results whenever they come will include a contribution from Kilimapesa for the first time, so could be interesting.
2517

Finals released today, cracking results, no debt, plenty of cash and paying a dividend.
2517

Lots of trades today. I feel a spike coming on.

Sold mine 9th May albeit at a loss, but nothing compared to the loss today had I kept them.
2517

Final results in November. Should still be profitable with a handy dividend so perhaps time to get back in?

bottomed out here?!

back in profit, more to come! Great cash generation considering they spent 600k on ppe

StockMarketWire.com
Goldplat reports a very active month of June, with its South African operations performing ahead of expectations

But it also said its 74%-owned Goldplat Recovery (Pty) Limited ("GPL") had been informed that Rand Refinery disputed an amount due to GPL in relation to a binding Memorandum of Understanding to process a batch of silver sulphide material.

GPL has concluded the toll-treatment as specified in the contract and has issued invoices, some of which Rand Refinery has not paid and are disputing.

Further to legal advice, GPL issued a demand letter to Rand Refinery for unpaid invoices for approximately ZAR13.5 million (circa £628k based upon the average conversion rate for the year); Rand Refinery has denied the indebtedness. GPL will institute processes forthwith to resolve the issue and, on the basis of legal advice received, the Goldplat board is confident that GPL will recover the money owed to it in full.

Goldplat will keep the market informed as to progress regarding the dispute with Rand Refinery over the Silver Contract.

GPL has also been notified that Rand Refinery will not be able to accept by-product materials for treatment in their smelter during the month of August, for operational reasons.

As previous issues with the Rand Refinery smelter have placed the Group's companies in very difficult positions operationally, financially and with regards to their relationships with their clients, Goldplat has taken strategic steps to mitigate what the Company referred to as "single refiner risk".

Goldplat says alternate plans are in place to treat the bulk of the Group's products. Whilst this will have timing and cost implications, the directors do not expect the use of alternative refiners to have a significant impact on its business.

Goldplat says that in light of the strong end to the financial year, marked exchange rate movements, which have worked in the company's favour, and lack of certainty as to the recoverability and consequential accounting treatment of the disputed debt, the company is not yet in a position to advise whether its annual results for the year ended 30 June 2016 will be in line with market expectations. However, Goldplat is currently reviewing the possible financial impact of these matters, and will announce as soon as possible any material variation to market expectations of its results for the year ended 30 June 2016.

proactive investor - Goldplat upbeat as Kilimapesa gold mine swings into profit
Share
15:03 21 Jun 2017
A throughput of 120 tonnes per day of ore from Kiliapesa during May was on target

Kilimapesa is in Kenya
Goldplat PLC (LON:GDP) has reported that its Kilimapesa gold mine in Kenya is now operating profitably with a processing plant upgrade also now in the commissioning stage.
A throughput of 120 tonnes per day of ore during May was on  target, it said, as stockpiled fine material and a spare crusher were utilised while the new crusher and leach tanks were installed.

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A decision on the next stage on Kilmapesa’s expansion will be taken once consistent planned production and profitability have been achieved but a second mill will be installed while the mine will also switch to cheaper grid power.
WATCH: 'All of our operations are now operating profitably', says Goldplat's Gerard Kisbey-Green
Goldplat is targeting an annualised production rate of about 4,500 ounces of gold following the completion of stage two.
Gerard Kisbey-Green, Goldplat’s chief executive, said: "Kilimapesa is now operating profitably and at the increased rates targeted for Stage Two.  This, together with continued steady and positive progress in South America, means the overall performance of the group remains positive and in line with market expectations.”
Away from Kilimapesa, Goldplat’s core business is to extract gold and silver from used mining equipment such as rubber mill liners.
It has just won its first recurring contract in South America with initial shipments of 360 tonnes of carbon to its operations in Ghana, where it has also decided to use a second hand elution plant to expand the operation.
This will save US$1mln, or half the cost, and be running by the end of 2017 or six months ahead of its licence renewal schedule.
Goldplat’s other extraction plant is in South Africa.
Kisby-Green said he did not expect the empowerment changes proposed in the country’s new mining charter to have a significant impact on its business there, even though the Chamber of Mines, the SA mining trade body, has threatened legal action.
Broker VSA repeated its 'buy' recommendation and 12.2p target price. Shares were a little lower at 6.75p.

21 Jun
VSA Capital
12.20
Buy

Who Should Attend?Date:

Monday 21 May 2018

Venue:

Novotel Tower Bridge, London EC3N 2NR, 10 Pepys Street, London, EC3N 2NR

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