The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen 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.
For a company with a 16m market cap! Something has got to give..
Yes a good set of results but slightly concerned by no improvement in Ghana. But overall looking very healthy. Time to start paying a dividend please? 1p for starters.
https://www.londonstockexchange.com/news-article/GDP/4th-quarter-operating-results-update/15588234
Werner Klingenberg, CEO of Goldplat commented: “I am pleased to see the continued year-on-year strong operational numbers produced by the recovery operations, with this being the third year it has produced, at fluctuating gold prices, a combined operating profit above £5,000,000. We continue to invest time into identifying different methods to process materials containing various elements and building relationships in different jurisdictions, which has broadened the pipeline of potential projects going forward, including the processing of the tailings facility which should add a further revenue stream to the business in future.”
This week, hopefully continuing to make loads of profits…
PAF have just released details of DFS relating to one of their TSF’s with a read across for here. It quotes an AISC of $914 per oz based upon estimated total recoveries of 650,000 oz. It requires massive capex of $161m but here’s the point. The estimated grade is only 0.29 gpt and they expect to only recover c60% of this. Put another way, they expect to lose c0.12 gpt. Deducting this from the 1.6 to 1.7 gpt in our TSF indicates a much higher recovery rate for us. Combine this with our much lower capex requirement and it’s easy to see the enormous profit potential from reprocessing our TSF.
What gold price is that PT based on?
The good news just keeps flowing here..
https://www.londonstockexchange.com/news-article/GDP/grant-of-water-use-license/15497724
Werner Klingenberg, CEO of Goldplat commented: "I want to congratulate and thank the whole team that have been involved in ensuring we develop the necessary water use management plan and work with authorities to get the water use license authorised, and I am extremely pleased with the authorisation received. The license is not just the first step towards the processing of our current TSF, but an integral part to our South African operation to deliver on our future plans. The water use management plan will also ensure good governance in regards with water use and its impact on the surroundings.
wow this is a lot better than pleased to announce. Game changing.
Stop teasing…on a plus side, it’s certainly not leaving any gaps behind.
I own both Goldplat and Thor exploration, both if given a few years the only way is up IMO
Both in my SIPP for the long term !
Thor Exploration
"We review the Q1 metrics around All-In Sustaining Costs “AISC”, head grades, recovery rates, and production output at the Segilola mine of 21,343 gold ounces produced, right in the middle of Company guidance, and is seeing throughput beyond the nameplate expectations and improved higher recovery rates closer to 94-95%. The average head-grade has also risen from to around 3-4 g/t, and now that the operations team accessing higher grade sections of the ore body. With all-in sustaining costs for Q1 around $799 per oz sold ounce, and annual guidance for between $850-$950 AISC, there are fantastic margins, with full year guidance unchanged at 80,000 to 100,000 ounces of gold."
New fair value as profits increase and growth opportunities realised
Goldplat produces gold (plus minor silver and platinum group metals – PGMs) from by-products of mining and plant clean-up. It has two operating recovery plants – one in South Africa and a growing operation in Ghana. Goldplat is cash-generative with an effective management team, focused on growing the business. We recalculate our fair value today using a new methodology, incorporating forward projections of profitability, now that South Africa and Ghana seem on a steady path. Our new fair value on this methodology is 18.7p/sh (from 10.6p/sh), which uses a 3.5x EV/EBITDA multiplier for FY 2023E EBITDA (a multiple that is set at a slight discount to peer companies) and adding in the value of investments and net cash. Therefore, we see upside to the current share price and believe Goldplat to be a useful diversifier to any gold investment portfolio.
Thanks for the heads up.
Revised Fair Value 18.7p and makes no provision for Tailings. Good positive read. Sorry I cannot post as it is not permitted.
Still can’t believe how far this is from most peoples radar..if ever there was a share that could truly multi-bag, this has got to be it? Using any metric, it’s got to be worth £50-70m market cap!
Cash pile growing qtr on qtr, growing market, and ever larger footprint, coupled with buybacks, it really does tick all the boxes!
9.38p traded
6 weeks until next set of results, and potentially record profits & cash pile.. come on double digits.
Dear all,
Please find a link to Werner's video presentation here. Werner made the case for growth, and outlined the many opportunities available to management to grow the Group. Please watch the full presentation here: https://youtu.be/93UCZlXK2gU
If Gerard stopped selling for one minute we might have achieved the Board's aim. He needs to move on.
Having watched the presentation, my take was..
That the board see many opportunities to aggressively expand, and are not keen on disturbing capital through dividends, when there are better ways to use cash to invest in growth. Although future buybacks seem probable.
I also would have liked a dividend, but feel with everything lining up, we could be twice the company we are at present within a 2-3 year timeframe!
Just to add I am a shareholder who wants to see payment of a dividend which I believe will further enhance the SP but the board seem not so keen on this approach?
Werner really struggles with his delivery? Not sure what the point of it all was? Perhaps someone can enlighten me?
Watch here - https://www.lse.co.uk/events/
just a thought but what if Tuesday's Webinar had been booked in order to explain that day's RNS of a TSF agreement ? The way the price traded on Friday it looks like someone thinks so.