The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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Gold moving to ATH and we are surely start to follow it now.
Agreed. This is so frustrating and I am normally happy to be a patient investor but they keep tripping themselves up.
South Africa is taking 80% of the management time and is losing money. They are chasing too many opportunities and NOT focusing on the basics. It's no good blaming suppliers and manufacturers. THEY ordered the kit and should have been on the delay MUCH earlier. Also underestimating the gold content of what they have been producing was a basic error. They keep telling us that it's their USP in sizing up a contingent of material for processing and negotiating a contract that is profitable. Will they didn't in this case did they?
Mothball all the coal stuff chase only the most likely contracts, slimdown the workforce if necessary and size the operation to fit the likely drop of in supply due to the declining SA gold industry.
Finally concentrate on the supply from DD-Gold and make sure that it will pay its way because, like it or not, GDP SA will increasingly rely on this material and it make or break the operation. Don't assume the TSF to come to the rescue as the date when anything happens keeps receding into the distance
Exactly, thats the reason we are invested, no dilution, cash generating
Yet it still generates more cash than 90% of Aim small caps. regardless of a few twists and turns, it’s cheap vs cap if you’re patient
thank god for ghana because without it we would be in the ****?
sa seems to get one problem after another. what is this nonsense with the generators? also the pipeline alterations.
no sign of a much needed dividend?
you need a lot of patience with gdp lets hope it gets taken out?
RNS out, another good profit reported
Another good research and find SEA, this is a good news, might be included in next presentation and RNS.
Extract from mintek shareholder performance compact 2022/23
hTtps://mintek.co.za/media/publications/downloads/shareholder-compact-2022.pdf
Objective 2
Foster the industry by extending the life of the South African gold mining industry.
Objective statement
Extend the life of gold production through technologies, equipment supply and technical support that will reduce operating costs, improve efficiencies and maximise the value and life-of-mine of gold industries.
Baseline
Patented gold from carbon fines technology had been developed and piloted. A project to demonstrate the gold from carbon fines technology to transfer the technology had received state grant funding (R2 009 000). Industrial partners in both South Africa (GoldPlat) and Burkino Faso had been identified as vehicles to transfer this technology. Detailed process design is currently in progress. This is the first year of the technology transfer project.
Good find!
Werner Klingenberg summing up key take home messages for investors following the webinar :
https://youtu.be/4-j6z1IyLH0
Https://www.investormeetcompany.com/meetings/investor-presentation-514
I would expect GDP board not to accept offer at 20p. it would be acceptable around 30p level
I have not been able to find the article - it is online somewhere, however, many years ago Niel Pretorious was asked if he would takeover goldplat - his reply was "nothing is ever off the table"
DRD ceo Niel pretorious is a superb ceo and he would not entertain goldplats TSF if he didn't think it was a winner...
his comments from years ago, tell you what sort of CEO he is...
https://www.miningmx.com/news/gold/32689-drdgold-ceo-niel-pretorius-puts-money-mouth/
On March 28 Pretorius told Miningmx that, “instead of making a huge crap-load of money, we’re just going to make a crap-load of money.” That was in reply to a question on the impact of the lower rand gold price on the deal.
Pretorius stands out as CEO of a quoted SA gold company in that he has been prepared to publicly state his opinions on his company’s share price and “put his money where his mouth is” as he has just done again.
That will be up to Martin Ooi- 28% shareholder of goldplat - the alternative is that he holds on and monetises it over the next few years - I can't see him selling for less than 20p given the upside personally, lets see.
That would be very interesting, what would be DRD's offer for a takeover?
Agreed - the most likely outcome imo is a takeover by DRD Gold - they are next door, this would still be hugely accretive to their earnings, its a no brainer for them - the difference between now and the past few years is that we have been told a deal is imminent.
Could not agree more
Exactly SEA that is clearly showing how undervalued is GDP with current market cap. This co should not be anything less than £50m cap. 5 times higher than current share price.
The last accounts showed about a third of the current mcap in cash, with over 1.5 times the mcap in precious metals in process.
that tailings facility with over 82k oz gold etc is an off balance sheet asset - isn't even recognised anywhere at present
These are superb numbers, we got plenty to come at current level this is one of the cheapest you can invest in the market, there is NO other profit making company valued at this low, perfect opportunity to be in NOW!
Actually more like 125k oz gold, new JORC estimate incoming
Yep the talk is the specifics of the deal will get announced soon - that storage facility has over 82k oz gold contained in it, as well as 216k oz silver and 193k lbs uranium.
20p feasible here this year, see DRD Gold deal chat on advfn board
Good to see some movement, as announced presentation and CEO Q&A session coming!
I am sure this will not stay at this level for long as gold price keep rising we should see re-rating here soon.