Firering Strategic Minerals: From explorer to producer. Watch the video here.
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.
Hi benniboy. As this looks better on paper, so the price should rise. I am a long term holder too, from before Killimepasa was bought in, so not much to sing about. Perhaps this can go back to paying that wee dividend off the back of the recovery operations. I see Martin Ooi is still holding his chunk, so I will do the same myself.
The transaction simplifies the group structure for Goldplat, raising its ownership in its principal profit centre, keeping in the shareholding structure one of its long-term supporters and increases its share of a £4.5m intercompany loan by 16%. We welcome news on a potential dividend from Goldplat to its shareholders. The gold recovery business in South Africa has been a stable revenue generator and with precious metal prices at record highs, and with production and revenue growth expected from the Ghanaian recovery operation, we expect a stable dividend going forward. We will look to update our numbers following the completion of the transaction announced today.
This looks ok to me. And Kili looks ripe for ramping.
https://www.londonstockexchange.com/news-article/GDP/corporate-transactions-and-dividend-policy/15064994
Werner Klingenberg, CEO of Goldplat commented: "I am pleased to announce the share repurchase agreement with the minority shareholders in South Africa and the share sale to Aurelian. I believe this will provide Goldplat shareholders with the best value for use of the cash generated in the Group. The transactions place the Group in a position to start sharing the results of its operations with shareholders through declaration of dividends from future cashflows".
"I would like to thank Amabubesi and Dartingo for their contribution and support as minority shareholders and am delighted with the ongoing involvement in Goldplat and GRL of Mr Ntsaluba".
One man's stagnating is another man's consolidating. Historically $1800 + is a pretty decent level. However, agree re: the delay, same old story. On paper GDP is a decent investment, in practice I should have stuffed the money under my matress for the last ten years.
Papilion positive on buying Killi from Mayflower, and note PPHP indicate a company name change by late Sept. 2021
"Mayflower and Goldplat have specifically agreed to waive completion of the RTO as a condition to complete the Acquisition with the cash and share based consideration due to be made on the earlier of completion of the RTO and Papillon's reinstatement to trading on the London Stock Exchange under the proposed new name of Caracal Gold plc, or by 30 September 2021."
https://www.lse.co.uk/rns/PPHP/transaction-update-acquisition-of-kilimapesa-xqqd41l8ggd8qgm.html
With the gold price stagnating, why should anyone want our mine? Yet another disappointment.
Typical of Goldplat - everything is extended and yet another banana skin. Can they please tell us if this situation will ever be resolved to OUR satisfaction?
I always feared this deal was dodgy? Now what?
Ref. RNS 30 April 2021
. In the event that Papillon is not re-admitted to trading on the LSE by 16 July 2021, the full initial consideration of USD1,500,000 will become payable in cash and will attract interest of 4% with effect from 1 January 2021.
Normal BS , KEEP shareholders in the dark and feed them ****, shouldn't someone say something !!!
like one of our directors and a bunch of guys have walked away from their obligations
Are we going to get news after the market closes? Today is the deadline or am i missing something? Someone added 100,000.
And the most boring share of the year goes to....drum roll.... Goldplat !
INCOMPLETE
l consideration of USD1,500,000 will become payable in cash and will attract interest of 4% with effect from 1 January 2021.
3 days to go............for Papillion to list on AIM.
"The initial consideration receivable by Gold Mineral Resources Ltd ("GMR"), Goldplat's subsidiary, is in the form of a secured debenture of USD1,500,000, to be satisfied by cash and/or the issue of shares to that value in Papillon payable on Papillon's re-admission to trading on the LSE following completion of the RTO, with 30% (USD450,000) of the initial consideration payable in cash. In the event that Papillon is not re-admitted to trading on the LSE by 16 July 2021, the full initial consideratio£
Management your job is to ake money for the owners so let us know your dividend policy
Hopefully when they have the FY figures they'll make a dividend announcement. With the exception of the tailings facility there doesn't seem to be any other CAPEX so should be a decent amount of free cash for a Divi. They've been alluding to a dividend for a while so unless they're planning to get a load of solar panels up and some vanadium flow battery storage to reduce the increasing electricity costs, I can't see any justification for not offering up some returns to shareholders.
£12m market cap
Q3 operating profit of £1.16m
£2.9m cash on hand (as of 15/05/21)
Potential windfall of $1.5m cash becomes payable to GDP if Papillon is not re-admitted to trading on the LSE in two months time (16/07/21).
Operating profit for the nine months ended 31 March 2021 of £4,220,000.
Decision made to focus on higher margin material this quarter and beyond to reduce costs per ton and maintain stable year round production.
Expected approval of new tailings storage facility site by July.
Gold price in rand is moving up from April lows of 24,950 to stand today at 26,300 - a little off it's Q2 average (est: 26,600).
True some good news but the more i read it the more it smells negative. This is just Werner and Goldplat has a history of minor slips on banana skins? Depressing but true. A lot of red today just based on frustration and other possible opportunities.
Good news in RNS but negligible effect on share price. The management need to clarify their dividend policy and announce it certainly by the full year report time. The amount of dividend proposed must be known and so should their ongoing dividend policy. Given the level of profitability the maiden dividend should be at least £1million ....more if there are no plans to invest in business. This would get the price rising too....we should be looking at 15p plus.
Another three months at least, then, until only good news.
I guess some of the disappointing factors in today’s news, like the lower SA Rand gold price, electricity and water issues, Kili listing delay, have already been plaguing the share price. And Ghana is new, good news. And the stock is already cheap ofc.
Satisfactory I guess and thank God for higher POG? BUT as per usual Goldplat manages to disappoint and is very slow moving? Ghana continues the shift away from SA and if this continues will be interesting?
https://www.londonstockexchange.com/news-article/GDP/update-on-the-nine-months-ended-31-march-2021/14978458
Werner Klingenberg, CEO of Goldplat commented: “I am pleased to report that with our two profitable recovery operations, in South Africa and Ghana, we are getting closer to our strategic initiatives of building long term visibility of earnings and being in a position to return value to shareholders through dividends.”
Lol - enough for a decent holiday would be a start