London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Driving - Agree with your sentiment. This company where it is right now shares many of the same hallmarks Sylvania did back in 2014-15. In particular today the mention of increasing PGM operations struck a chord.
I like the direction GDP is now heading, taking small risks with the early stage opportunities in South America as they did with West Africa initially back in 2018. That strategy is now beginning to pay off.
Why management could not have replicated what Caracal has been able to achieve in the past 6 months with Kilimapesa is frustrating but we are now a low cost, cash rich producer with a 9% stake in what is fast turning into a 24koz per annum producer.
@goldplatGDP
Good to see a lot of fellow bottom feeders posting today although I don't agree with a lot of them. Driving summed it up nicely. Ridiculous pe and this company when consolidated has nearly a third of its mcap in cash. Never mind the value of inventories and debtors plus interest in the sold gold operation in Kenya plus the discounted value of future earnings. The npv plus realisable value in the BS must more like 50-100m.
By utter contrast I'm processing the accounts of PXS (LSE). It's being going since 1996 to commercialise an extract of tomatoes and after over 25 years has reached the massive turnover of £500k. Losses after tax are 360k and the balance sheet is negligible at NAV £1.1. Anyone guess the market value....? Everybody is in love with IP even when to anybody with half a brain that IP is worthless...
IMO the CEO is doing a superb job. It's not easy turning round a company going in completely the wrong direction having to negotiate the sale half completed mine whilst directing operations in two separate geographic sites. Progress on piping the 83k ozs of gold , new facility in Brazil to take out the uneconomic stuff. Yes all small steps but collectively they are going to make us money - barring any unforeseen events and a collapse the the gold price of course.
Well done WK - ignore the whiners and keep sweating the small stuff. The rewards will come sooner of later.
I remember this same feeling in SLP back in the day, boredom! it then went on to 20x.
Logic suggests that when a company potentially makes more profit in a year, than it’s market cap, it is seriously mis-priced.
I truly believe we will look back here in the future, and not believe we didn’t stock up at these prices.
As for the dividend, surely it comes with the final results later this year?
Never sell a share out of boredom, keep the faith our day “fast” approaches…
Goldplat plc, the AIM listed gold producer, with international gold recovery operations located in South Africa and Ghana, is pleased to announce an operational update for the 2nd quarter of the current financial year ("Q2") ended 31 December 2021.
The two recovery operations achieved a strong combined operating profit for the quarter of £2,356,000 (Q2, 31 December 2020: £1,554,000), a 52% increase from the comparative period ended 31 December 2020. The Ghana operations continued to perform well with a steady supply of material and achieved an operating profit for Q2 of £1,012,000 (Q2, 31 December 2020: £569,000). The South African operations achieved an operating profit for Q2 of £1,344,000 (Q2, 31 December 2020: £985,000).
The combined operating profit for the 6 months ending 31 December 2021 increased by 27%, to £3,759,000 (6 months ended 31 December 2020, £2,957,000) as a result of the strong Q2 performance
Update today might be seen as ushering a new era! Operating profit for the last six months is up 27%, the SA storage facilty seems well stocked, and there is cash in the bank. Hopefully gold will continue rising, and drag us along with it.
Good results but shame no mention of Dividend?
Werner Klingenberg, please return value to the shareholders or step down and allow a more dynamic and hopefully more generous CEO take your place.
Ah the dead donkey share, nare a twitch !
Why does he not diviy up the sold asset amoung current shareolders as a one off payment. We keep the shares as a separate holding. Solves a lot of problems in my book.
Added this morning, think with volume building, and 1qtr results inbound, we are ready to take out resistance. Time for this narrow trading range to finally brake I feel.
A lot of trades today! News tomorrow?
I just hope we finally get that dividend we have been promised for so long. Otherwise I’m with you, I hope he moves on, and we finally get someone who gives a hoot about us..The shareholders.
I hope this CEO moves on soon !!!!
Revised results not to the markets liking. Not overly impressed myself, but we are in the black and with decent cashflow. Glad to see Martin Ooi on the board. Progress is slow, but at least it is progress!
Results look good to me and the market seems to agree - working out this year's numbers with higher majority share and hopefully higher gold price we will be on a p/e of 2ish
Gold plated need to start taking action to enhance shareholder value. They have been slow horses for too long. What is the strategy to be pursued? What investment is needed? What regular and special dividends will be paid? No reason not to communicate these answers to shareholders.
Just been flicking through the RNSs. I see Martin Ooi now holds 28% and The Kilo Trust, who were very long term holders, have sold up. It looks like Martin took their tranche. I believe Mr Ooi is/was a metals trader based in Hong Kong. I assume he knows what he is at!!
These changes occurred before the November update which seemed positive to me. Although there have been two promotional events this year, the AGM is on New Year's Eve, and will probably not be accompanied by a statement. Also the company Twitter account has been inactive for more than two years. Communications seem not to be a priority! Moreover the gold price has not increased as many predicted or hoped. The price here is thus languishing. However Kilimapesa is now off the books, there has been some rationalisation, and we remain profitable. I think there are worse places to be in this area. Patience will hopefully be rewarded with a price nearer to 10 than 5 in due course.
So a falling share price and no sign of a dividend, need to ditch this CEO IMO and I will be voting accordingly come the AGM !
Stalling to get mates in ?
Agreed, the quarterly update 2 months ago said “ we will evaluate our options to return value to shareholders”.
Surely two months is long enough to have decided? They should be paying a dividend!
God this share is boring !
Hi
Please find a link to a CEO snapshot interview post the investor Webinar
- https://youtu.be/eJr6Byhr9JY
Should you wish to receive information directly please register goldplat@flgastaffcomms.com
Did anyone listen yesterday afternoon. Any views?
Some interesting questions about shareholder value.