Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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yep, looking at the highest close since 2020, chart breakout.
Higher highs, and higher lows.
We are now in a uptrend!
12-15p next resistance.
I believe you may have answered your own question.
If the board can not recommence the buyback program without tipping Mr Ooi(who is also on the board) over the 30% threshold, and profits are increasing(substantially), and their words of “returning shareholder value”are to be kept too, and have finally been reinforced by the recently completed share buyback program(if not slightly underwhelming). Then surely a dividend must be announced along side the full year results…which ain’t far off, as we are already deep in the 4th quarter?
Which I agree with you that this will be the catalyst for a re-rate in the SP.
Although if Mr Ooi wants to prove us both wrong..I will happily accept 50p per share for my 1750000 hoard!
Main person here on the buy side for the last few years has been Martin Ooi.
However his holding is now up at around 29% (following the reduction in total share count due to the completed buyback program) and so he has hardly any headroom left to buy any more stock without hitting the 30% threshold that would require him to make a takeover offer for the Company (which I doubt he is interested to do based on his online personal profile).
So without his continued buy side liquidity I don’t see where GDP gets its future positive SP momentum, unless to hope for the very long awaited rise in gold price and/or the very long awaited reinstatement of dividend payments.
Shall wait and see…..
Simples: I believe we are the MOST unloved, undervalued company on AIM. And these prices will not be available forever. Sellers finish selling, and buybacks can restart, all the while GDP keeps making profits…only a matter of time my friend…
Why ? There’s plenty of stock available to buy via the ongoing insider selling that provides the liquidity, and the share buyback program has now finished.
Mr Ooi is a qualified medical doctor, an experienced entrepreneur and investor. He is the founder and Managing Director of the Serkona Group of private limited companies based in Australia with interests in multiple medical centres, commercial properties, and other unlisted assets. (I believe he may have been a metals trader in Hong Kong at one point).
https://www.investegate.co.uk/goldplat-plc--gdp-/rns/director-appointment/202110131218099763O/
The failure to deliver a dividend return to shareholders has left this share languishing despite the company’s great potential. State plans for a dividend policy and watch share price rise
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.“