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Dear all, we are delighted to let you know Werner Klingenberg will be presenting live and taking audience questions on May 24. If you would like to attend and hear all three CEO's speak, please do use this registration link.
https://us02web.zoom.us/webinar/register/2716522599194/WN_7FT6Y5oCQoaX_4dU2zazBg
Added further..
remember this prediction I see a rough SP day tomorrow.....I will ride it out...too much at stake to sell now! Rebought in @8.9p....someday a winner .lol
Bargain. Yet again. Currently the debate is all about whether blindly buying the dip is still the thing to do. The small matter of buying individual stocks on fundamentals has been completely ignored and the world becomes more and more Pavlovian.
The management team are doing a great job. The RNS was stellar and I'm afraid patience is only antidote institutionalised stupidity.
I have redirected this question to GOLDPLAT plc. via FLGSTAFF COMMS.
I see that Martin bought a seat on our Board....I do recall him building his GBP shareholding over the years.
@ SEPT '21 owned 28.12% of GDP. with the share buyback/cancellation programme.....no doubt this 28% has increased?
Who is he ? Surely with this holding he has sway of Veto...no??
A company with no debt....plenty of cash and pipeline money owed....share buyback programme....expanding operations...expanding jurisdiction.....expanding plant infastructure....on course for net profit after tax of say £4m...say 25% of market cap...hence 25% Return on Equity? NAV of maybe £20m.......and they see fair value at NAV x 1
Absolutely crazy.....what am I missing???
revisit ? target should be minimum 20p, muppets.
View: Goldplat remains a very interesting gold recovery business in our opinion and is capable of treating all sorts of wastes produced as a result of mining. It makes money from other people’s waste and, as results show, is doing very well and increasing profitability. It has £2.0m in cash and £5.0m tied up in product either in transit or at smelters/refineries, so is well covered and was more than enough to complete its £0.4m share buyback programme put in place to return value to shareholders – shares bought are being cancelled. We still see fair value at 10.6p but will look to revisit our valuation in light of the increase in profits being generated by the company and the reduction in the number of shares.
This Company should not be trading @ NAV......more like 5 x NAV = 40p
Might take a while to get there.....but assuming positive results over the next year.....it would not take me by surprise if we touched into the 30p range...!
GLA
Well done to all who hold..
12-15p next resistance
Yes and 2m + 5M = £7m (50% of our market cap!!!!)
"Our cash balances in the group remained strong at £2,000,000 at the end of Q3, with over £5,000,000 locked up in product in transit or already delivered to smelters and refiners."
yes this looks like a real turnaround. Great set of figures and looks like more to come? Dividend later this year?
£300k to be paid out on new kit.
£2m cash on hand.
Operating profit up 96% on previous quarter.
Market cap £13.7m.
Turnaround finally here?
https://www.londonstockexchange.com/news-article/GDP/3rd-quarter-operating-results-update-31-march-2022/15438165Goldplat plc, the (AIM :GDP) listed gold producer, with international gold recovery operations located in South Africa and Ghana, is pleased to announce an operational update for the 3rd quarter, ended 31 March 2022 (“Q3”), of the current financial year. The two recovery operations continued a strong combined operating performance from the previous quarter and achieved a combined operating profit for the quarter of £2,286,000 which represented a 96% increase against Q3 in the previous period (Q3, 31 March 2021 - £1,165,000).The combined operating profit for the operating entities for 9 months ending 31 March 2022 increased by 43% to £6,045,000 (Q3, 31 March 2021, £4,220,000). This quarter's strong numbers were supported by increased operating performance in South Africa of £1,627,000 (Q3, 31 March 2021 - £575,000), whilst Ghana achieved steady operational results of £659,000 (Q3, 31 March 2021 - £687,000).Werner Klingenberg, CEO of Goldplat commented: “I am pleased to note the geographically diversified strength in our recovery operations and the contribution from production of PGM’s. This further supports our decision to expand in to the South American market and the investment made into leveraging our current skillsets and infrastructure, to diversify the materials and elements we can process economically. I am encouraged with progress on the tailings facility which should add a further significant revenue stream to the business in future.“
Watch Gold price tomorrow after Fed Interest Rate decision. I have a feeling that large gold buyers have been holding off in recent days waiting for the bullion banks to hammer the price when the 0.50% interest rise is confirmed. This will cause a sharp drop as the Algo’s will join in. At this point the buyers will pile in reversing all of the recent losses. Maybe just wishful thinking on my part but let’s see.
That completes the second £200k share buyback program. We await to see whether further buybacks will commence?
So far £400k has moved the share price a little over a penny..
well, looks like mkt makers running a touch short- company can pay around 8.7p tomorrow ,expecting another tranche or two of buybacks, nice steady rise to 10p.
It would seem someone is providing liquidity by selling into the buyback scheme(probably a director, having taken up previous discounted options?). Hopefully he/she’s almost done.
Results due soon, can’t see them being anything other than positive(more ammo for the buybacks).Maybe the catalyst for our push into double figures!
Seems a perfect storm is happening here, Very much under the radar of most, 2022 is mapping out to be a defining year, hopefully culminating in a dividend at “year end”.
250k @ 8.25..
Onwards & upwards.
from another board, looks like Goldplat buying back at 8p today, can pay 8.2p on Tuesday and 8.4p on Wednesday , get them while you can.
At long last!
Next resistance around 12p, mind the gap(up)…
this is what we want to see- the market knows that the board want a series of buybacks now, paid up 7.24p today, won't be getting any tomorrow at this rate, the big seller is nearly gone, watch this roar higher when he's finished