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Watch Gold price tomorrow after Fed Interest Rate decision. I have a feeling that large gold buyers have been holding off in recent days waiting for the bullion banks to hammer the price when the 0.50% interest rise is confirmed. This will cause a sharp drop as the Algo’s will join in. At this point the buyers will pile in reversing all of the recent losses. Maybe just wishful thinking on my part but let’s see.
That completes the second £200k share buyback program. We await to see whether further buybacks will commence?
So far £400k has moved the share price a little over a penny..
well, looks like mkt makers running a touch short- company can pay around 8.7p tomorrow ,expecting another tranche or two of buybacks, nice steady rise to 10p.
It would seem someone is providing liquidity by selling into the buyback scheme(probably a director, having taken up previous discounted options?). Hopefully he/she’s almost done.
Results due soon, can’t see them being anything other than positive(more ammo for the buybacks).Maybe the catalyst for our push into double figures!
Seems a perfect storm is happening here, Very much under the radar of most, 2022 is mapping out to be a defining year, hopefully culminating in a dividend at “year end”.
250k @ 8.25..
Onwards & upwards.
from another board, looks like Goldplat buying back at 8p today, can pay 8.2p on Tuesday and 8.4p on Wednesday , get them while you can.
At long last!
Next resistance around 12p, mind the gap(up)…
this is what we want to see- the market knows that the board want a series of buybacks now, paid up 7.24p today, won't be getting any tomorrow at this rate, the big seller is nearly gone, watch this roar higher when he's finished
Markets have at last reacted favourably to the buy back programme, albeit the extension of it. The initial parameters were too small in scale so it's encouraging to see the Board have reacted by extending the purchase of cheap shares.
£200,000 worth of shares that may be bought between now and end of June will underpin 8p in the weeks ahead. A further extension of the buy back programme into July onwards remains possible also
11-Apr-22 08:24:33 7.34 250,000 18.35k
Looks like they managed to get todays order in!
At last the board is on the track. They just need to get their financial advisors to turbo charge telling the story. Simply wall st values GDP @ 40p; Guru focus @27p. My own ( conservative ) dcf@36p. Our problem is our market cap is so small. The rand is appreciating vs £sterling & gold price near high so further potential tailwinds to the price. Hopefully we cross 10p soon. Delighted we are retiring shares at such deep value.
This is gonna get interesting real fast..haven’t seen the book this heavy in ages.
I’m going with 12p, by Friday.
Due to the rules of the buy back GP can’t pay more than 5% more than the average price last week. So today’s buying probably just speculators (or market makers) front running the buy back. I would prefer dividends as share price increase due to buy back might well be temporary in nature.
No surprises then?
Great news. It feels like this has plenty left to run and run. It would be nice to see a series of extensions.
The SP is clearly well below fair value and surely must drift up from here. Who in their right mind would be selling when the company are hoovering up shares themselves. Key is to sit tight and just let the SP rise to something more reflective of true value
Hi, new here. Whats peoples forecast on this share price short term ? I mean, with an extended buy back scheme this will surely push the price up reducing the Mcap at 200k per month ? Looks a good punt to me...
Further to the Company's announcement on 29 March 2022 which outlined the Company's share buyback programme, Goldplat plc, the AIM listed gold producer, with international gold recovery operations located in South Africa and Ghana, announces that on 8 April 2022 it purchased through WH Ireland Limited a further 60,000 of its own ordinary shares of 1p each ("Ordinary Shares") at a price of 7 pence, which will be held in treasury until cancelled. The Company has now completed the purchase of its target of Ordinary Shares to the value of £198,940 . The Goldplat board is currently considering extending the buyback programme and a further announcement will be made in due course.
Second time today, no online quote, over the phone only. Possibly about to move the ask up again.
My humble advice to you would be “FILL YOUR BOOTS”(I certainly have). From my experience at SLP, once the announcement of policy to continue share buybacks happens, the only way is up. There really isn’t the largest free float on this share.
Buy my calculations we are generating £400k per month in FCF, that’s some serious ammo to throw at share buybacks!
By my calculations that’s the final £4ks worth.
Hasn’t done much to spark the SP. Let’s hope a continuation of share buybacks are announced, and have a more desirable effect on appreciation of our capital.
Definitely one of his better ones.
We’re Undervalued by at least a factor of 3, and if we continue our current growth, you can make a case for 40p.
why pace themselves? ship them in and make it £1 mill , the company generate enough FCF
I hope you are right - Goldplat can get a much better return from buybacks and investment in further stock/TSF than I can from receiving cash.