Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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So instead of taking $450,000 cash. GDP took shares that they later sold for $415,000. Another genius move after overpaying for the minority interest shares.
Hi
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Hi chaps, have just been trawling through the gcat board and have come across this; "To acquire the Kilimapesa gold mine, the company agreed to provide Mayflower with £3.25 million,
satisfied by issuing 325 million shares at 1p in Papillion. Plus, there is deferred consideration of up
£2.35 million, also in shares at 1p per share dependent on the stage of Kilimapesa’s development
and the level of success of the Kilimapesa gold mine. In addition, shares worth £500,000 are due on
the definition of a JORC (2012) Compliant Resource of +1Moz at Kakamoeka, which is now not being
pursued."
Does anybody know if it can be assumed GDP will be getting another big tranch of shares in caracal gold later this year? I can't find anywhere whether the shares are to be payed for as a form of warrants or will be issued by gcat later on in the year either as I don't know how to interperit this.
Does anyone have any ideas?
Hold over 1.5m..gla holders
A lot of good action/news from this company has not translated into share price improvement. It is likely that is because the management are not communicating how the value being created by the company will be used to benefit shareholders. So prepare and disclose what policy will be…regular dividend policy, special dividends, share buybacks, retention policy linked to investment policy etc, etc. The company is generating profits currently at a rate that, over one year, would equal its market value……get value to shareholders clarified and this could see shares rise by a multiple of at least 5.
A dividend
Took a position here last week, looks very undervalued. Would be nice to see them do a deal with some higher grade material, just feels like there scrapping the barrel with lower grade material.
Nice to see management holding a good chunk of shares.
Our CEO must wonder “why he bothers”. Does a interview discussing the quarterly results, and all for 6 trades the day after!
This share is infuriating, what’s it gonna take to brake out of a near decade trading range?
I bought a few this morning. My buy is recorded as a sell
My take was. We have been Undervalued, we are Undervalued, & we continue to be incredibly Undervalued.
Hold/Buy/add., our day is coming.
Dear all, it was a pleasure to talk to Werner Klinginberg, CEO at Golplat, the AIM-listed gold recovery business. Werner was pleased with progress and happy at the Group's ability to consistently deliver results at this level. H1 net profits were £3.8M and those profits are being reinvested in the core business now that the Kilimenpesa gold mine has been disposed of. Here is the full interview with Werner: https://youtu.be/vEemAXVqcco
I have added further.
GL holders
Me too!
We better get a bloody dividend, no point in making all this dough, if we ain’t ever going to see any of it.
lol, well done Driving but i still have my doubts about the CEO.
A dividend totalling 0.5p would be doable and reasonable. That would be a 6.25% yield at 8p. My target is a realistic 10p, which could be done at a PER of 8. The nature of the business here will never allow a premium rating, but we have a profitable company, hopefully well able to pay shareholders something.
its obvious from the Q2 update that a dividend will be announced with the Interim results in a couple of weeks. No way are these buybacks, looks like a couple of large buyers competing to get as much as possible before the dividend shines the spotlight on Goldplat. 0.5p now and the same at the end of the year is easily affordable and gives a yield of 12.5% at 8p - not many place you can get that, especially when its covered over three times by earnings .
Ta-da..8p..when a dividend is announced later this year 15p+.
Take my bet?,
Double or quits?
Come on seriously, anyone who invests money into GDP has to be patient, it traded between a 20% spread the whole of last year!!
Anyway Patience is about to be rewarded, this thing is about to start the long journey to fair value.
I would think 20-30p is very doable, and faster than most believe, as I keep saying..brake the 52 wk high, and no resistance until 12p-15p.
I see your 3+ years, and raise you a decade!! Be patient, my friend!!
Finally, I’ve only been in this 3+ years!. I know everyone says it, but This really is the most undervalued share on AIM.
Let’s brake that 52 week high, then off to the races!
If you annualise the 2Q profit (since GOLD PRICE IS NOW ABOUT $100 HIGHER THAT'S NOT UNREASONABLE), you get £6mill profit after tax for a £12 mill company - with £4 mill of cash. IN A YEAR GOLDPLAT will have £10 mill of cash and still be making £6 mill a year. All this with zero value to 82,000 oz in the TSF (worth a gross of £112 mill). This is madness and cannot last - either we rocket to 20p+ asap or someone takes this thing over, you are buying pound notes for 20p here.
https://www.londonstockexchange.com/news-article/GCAT/strategic-placement-to-accelerate-mine-expansion/15326529
"Shares were acquired by a major shareholder of the Company..."
I rather do hope this will not involve GDP!
Prophet warning,
I bet you one burrito we will see 8p next week!
If any other company other than GDP had released those kind of qtr figures, would have gone up minimum 50%!
Our day is coming.
When we see a divy then you will see 8p + and not any sooner IMO.