Firering Strategic Minerals: From explorer to producer. Watch the video here.
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Hopefully you will gain the wealth of nations.
Just topped up £10k at 7.43 - let's see whether that was a good decision....
A very profitable company like this is rare on aim. Management have said in passing that they want to release value to shareholders and they should start by announcing a dividend policy which creates a substantial and rising dividend. They need to specify the payout ratio to profits that they will follow. This will also boost the share price. It is up to the board to let the investment community know what their plans are in this respect.
No one trust any company on AIM so just gota wait.
This must be the most undervalued & unloved share on AIM. As things stand we will produce our market cap in profits in this years trading. Surely this should be trading much higher?
Probably forgotten about.
I expect the celebrations regarding the disposal of Kilimapesa are still continuing.
A "Normal service will resume shortly" sign is probably hanging on the door
You never know, most of AIM has crooked backroom deals anyway.
You pays your money and you takes your chances is the unwritten moto.
Usually issued at by the end of April? A tad more selling than usual - is there any significance to this?
Last year details released RNS 28 April 2020
So can expect Q3 to March 2021 results anytime now.
well its nice to be shot of it, but not so nice to have to wait on payment. overall i take it as a positive, we never made a cent from killi and infact killi has been responsible for holding profits and this company back. so its a great day for this company.
So the future? it looks like we are making good money with our process operations and bo this money wont be needed to pay for that disaster of a mine. so we will have a low PE at these prices and good potential going forward because a lot of money has been spend on building the plants, just go look at past rns for last few years to see that. and all that spend is now paying.
So what we need to see now is this money growing to be used for aquisitions or building another plant, perhaps a south america plant as it must be expensive shipping all that scrap to ghana for processing and it might be better to have a branch over there getting more buisness and building client bases. then we have the other 2 great gold mining areas of the world being australian and north america. So thats the direction i would like to see us go in, buying the wastes, the grease, the oil, the belts etc that the mines cant process themselves and for us to do so on a %. This has the makings of a very big company if we can get all this right. and even if we didint and sat on our hands we are making silly money for such a low valued company and in a year or two will have more n cash that the company is worth at this sp.
I been in and out og GDP for years i even got their 1 and only dividend and they were making less money then and the share price was 15p so i cant see how i can lose here with such positive cash flow and low share price.
thank god killi has gone what a great day for this company.
Goldplat plc (GDP) – Corporate – Completion of the sale of the Kilimapesa gold mine
Market Cap £13.1m Share Price 7.7p
Goldplat has announced it has completed the sale of the Kilimapesa Gold Mine in Kenya. Goldplat will receive $1.5m to be satisfied by cash or the issue of shares to that value in Papillion Holdings plc (LSE: PPHP – which will be renamed Caracal Gold upon completion) upon the admission to trading on the standard list of the London Stock. Of the $1.5m purchase price, a minimum of 30% ($0.45m) will be payable in cash and the rest in shares. If Papillion is not admitted to trading on the LSE by 16 July 2021, then the full $1.5m will become payable in cash with interest of 4% from 1 January 2021. The completion of the sale will also see the start of the period from which a 1% Net Smelter Royalty from gold production from Kilimapesa will begin – up to a value of $1.5m
View: Mayflower (the intermediary between Papillion and Goldplat) has made improvements to the Kilimapesa mine and has nearly finalised its listing process. The completion of the sale of Kilimapesa is great news for Goldplat as it finally cleans up the investment case, to focus all its energies on its two growing, profitable gold recovery businesses in South Africa and Ghana, as well as leaving it with an ongoing royalty in the mine.
It’s only a good news. Even ceo had a sigh of relief!
This releases Goldplat from any further financial or management requirements and allows us to focus on our continued recovery operations."Hi
Finally.
Covid has impacted more than we know. Its a step in the right direction.
Is this progress? Would be good to know why the RTO has been delayed. FCA sluggishness or some other issue?
For me , getting Kili off the GDP books and ensuring no more money is squandered there is was the primary objective. Completing the transcation has achieved this. Hopefully, we'll receive a cash consideration at some point. If the 1.5M is paid in shares I expect this value to be rapidly eroded by some hefty placings. The Mayflower prospectus alludes to this and they'll need a sizeable amount to expand production and for their ambitious resource expansion.
Well this is progress?
https://www.londonstockexchange.com/news-article/GDP/completion-of-sale-of-kilimapesa-gold-pty-ltd/14950399
Werner Klingenberg, CEO of Goldplat commented: "I am extremely pleased that we have been able to complete the sale of Kilimapesa to Mayflower Gold. Mayflower has proven its commitment over the last 8 months to Kilimapesa Gold Mine through investment of capital and management resources and has raised further cash of USD2.00m to advance the project. We believe that it was opportune for us to complete the transaction at this stage to allow the Mayflower team to implement their strategic initiatives and to ensure the success of the Kilimapesa Mine for all stakeholders involved. This releases Goldplat from any further financial or management requirements and allows us to focus on our continued recovery operations."
Share deader than a stuffed dodo, hoping for some action soon. Ducks lined up i hope.
Jan to Mar 2021 quarter results due at the end of April.
Lets hope that the company has a plan B for when /if PPHP falls over
Lets hope end of April it is because they PPHP are being allowed a lot of rope? $4M to raise minimum.
https://www.londonstockexchange.com/news-article/GDP/update-on-sale-of-kilimapesa/14922710
Werner Klingenberg, CEO of Goldplat commented: "Mayflower and Papillon continue to progress towards Papillon achieving its planned re-admission to the Official List and Goldplat continues to be very supportive and looks forward to completion of the Transaction by the end of April 2021."
What happens if they can't manage the capital raise? I hope they don't agree to pay it off on the drip and prolong the agony for another year or two.