Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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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.
Sells cleared?
We’re only 1 penny off now.
If we break 8p, could really go on a tear!
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!