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Did anyone listen yesterday afternoon. Any views?
Some interesting questions about shareholder value.
https://www.londonstockexchange.com/news-article/GDP/notice-of-investor-presentation/15211356
The Caracal portion is now worth c£1.8m! Bizarre really!
SA is indeed a drag, but the centre of gravity is luckily moving away from here. The company are managing this well.
Re the price of gold: it seems strange to me that there is so much material uncertainty, but gold has remained so sluggish. I am happy to continuing holding here, looking for nearer to 10p.
Yes looks OK but SA continues to drag it's heals and be a slight thorn in the side. Ghana and The South American areas look promising and seem to be the areas of profit growth. Not sure what i think about Caracal? Future increase in POG will of course be a God send?
Operating profit unchanged at £1.403m.
Cash balance £2.34m (down c25%), due to share buy back.
Holding in Caracal Gold (GCAT) up to 9.2% in lieu of cash payment.
Ends with "With initial consideration on the sale of Kilimapesa and majority of the restructuring within the Group completed, we will evaluate our options to return value to shareholders."
All seems promising, with a possible dividend on the horizon.
Good CEO, Bad promoter. I feel someone in the background knows they will not give a divy or not a very good one and sells on any rise.
That's my thoughts.
Market cap around £13 million
Less cash in bank which was £3million as at 30/6/21
Less cash from mine sale £330,000
Less value of 7% ownership of mine £1.5 mil (and climbing)
Less mine smelting royalty up to £1.1 million
Leaves around £7million value in the ongoing business which made a profit for the year to 30/6/21 of over £5 million!
Could someone more knowledgeable and intelligent (virtually anyone) explain the lowly share price please.
"With the sale of Kilimapesa, the Group will focus on growth and diversification within its recovery operations, whilst remaining cognisant of its goal of distributing value to shareholders."
Guys,
Good afternoon to you all....
I am looking at Goldplat and considering the company ..now that Kili is dealt with....
if I could ask you knowledgeable posters a question, if I may ....
what "diversification" is being referred to .......and..if they indeed go down the dividend route...at this stage......does this clash with the "focus on growth " ??...or is growth and dividends achievable side by side ....
many thanks for any comment/views
good points - I agree that Dr Ooi on the board is v bullish, trying to buy more only 25k shares on the offer and having to pay 8p for any size - Gold pushing $1800 augurs well for the 4th quarter for sure.
Here are some suggestions for Dr Ooi in his role to improve intrinsic share value.
1. Declare a maiden dividend and state dividend policy e.g to beat inflation or to remain a set proportion of annual profit available for dividend.
2. Investigate the possibility of using extraction assets more intensively e.g can an extra shift be added? Can they be used 24/7?
3. Can the extraction process be enhanced to improve the yield?
4. Can growth be enhanced by having a third (or more) locations for extraction? In Africa? Or in South America where material is currently accessed?
5. Can customers be contracted and the market made aware of progress e.g. 60% of sales come from contracted customers. The aim should be to grow this percentage.
6. How is the stock of tailings to be exploited? In house extraction (see point 2)? Sub contract? Use to smooth performance? Etc.
Goldplat has the potential to raise its share price substantially….doubling to 15p would be an achievable short term goal and doubling again in the medium term another. Staff should be motivated to pursue the interests of shareholders and a bonus system based on these share price rises should be instituted.
Thanks for the link. very interesting!
Goldplat plc, the AIM quoted gold producer, with international gold recovery operations located in South Africa and Ghana, is pleased to note an announcement made by West Wits Mining Limited (ASX: WWI) (“West Wits”) on the ASX today, 12 October 2021, regarding the Group partnering with West Wits as toll treatment partner to initially process approximately 8,500t of ore extracted during the West Wits Early Mine programme at the Qala Shallows area, located on the Kimberly Reef package in the Witwatersrand Basin, South Africa. First ore is estimated to be delivered to Goldplat in Q1 2022.
Werner Klingenberg, CEO of Goldplat commented: “I am pleased to partner with West Wits on the early mining programme and we are looking forward to finding ways to grow this mutually beneficial relationship.
Might be wrong but I believe Kilimapesa was fully discounted from GDP's market value long ago, it was under care and maintenance for a while. It's now Caracal's primary asset and near term production through capital intensive expansion in the short term is driving sentiment. The capital raise aside, the market is looking at the 25,000 oz and 50,000 oz figures announced by the company in my humble opinion.
I don't think we would have unlocked value nearly as quick if management here had announced their intentions to raise £5.5 million capital at the expense of existing shareholders. Our 7.17% retained in Caracal is now worth about £2 million and comes on top of the payments already made to Goldplat.
We look very cheap right now. The stock should be up nearer 9-10p and I expect it will be once they announce their next quarterly update next month.
GOLDPLAT (GDP) MARKET CAP: £11.5m SHARE PRICE: 6.8p
Robust, profitable, cash-generative business with a prospective dividend
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. The company is cash-generative with an effective management team, focused on growing the business. We reintroduce our estimate of fair value at 10.6p, based on a simple average of Goldplat’s NAV and a 4x multiplier of current year EV/EBITDA (which is set at a slight discount to peer companies) and the value of investments.
Afraid we cant say who - compliance etc !!
Caracal now over 2x GDP market cap. LOL
https://www.proactiveinvestors.co.uk/companies/news/960039/caracal-gold-makes-fast-start-at-kilimapesa-mine-960039.html
At least they are moving.
Probably fed up waiting , I know I am !
bet that is kilo selling out - they had just over 8m shares - prob the sell and the buy going through
8 x 2 millers
Caracal Gold which is basically just GDP's old Kilimapesa asset spun out is already valued at 1.5 times the market cap of GDP on day 5 of trading despite doing nothing but dent GDP's SP for years. Even after netting off their recent placing cash their market cap is still as much as the whole of GDP. What a joke.
Update on the Consideration Receivable for the Sale of Kilimapesa Gold (Pty) Limited ('Kilimapesa')
Goldplat plc, the AIM quoted gold producer, with international gold recovery operations located in South Africa and Ghana, is pleased to provide an update on the consideration receivable on the sale of Kilimapesa to Mayflower Gold Investments Limited ('Mayflower Gold').
Subsequent to the Company's announcement on, 20 August 2021, Papillon Holdings plc, renamed as Caracal Gold plc ("Caracal") announced that today, 31 August 2021, at 08:00, its ordinary shares commenced trading on the Main Market for listed securities of the London Stock Exchange plc ('LSE') under the ticker GCAT with a contemporaneous dual listing on the Frankfurt Stock Exchange, following completion of the reverse takeover of Mayflower Gold.
Goldplat has received 103,846,154 shares in Caracal (representing 7.17% of its issued share capital) as consideration for the sale of Kilimapesa, to be held for minimum of 12 months. In addition, the Group is due to receive a further cash payment of USD450,000 in the next two weeks and is also entitled to a 1% net smelter royalty, limited to USD1,500,000, of which circa USD14,000 is already payable.
Werner Klingenberg, CEO of Goldplat commented: "I am pleased to announce the completion by Caracal of the reverse takeover of Mayflower Gold and Caracal commencing trading on the LSE's Main Market, which is the last step in the transaction which included the sale of Kilimapesa Gold.
All buys today, and some decent sized transactions but no movement in the share price! Any thoughts?
It is time for management to replace vague comments on dividends with specifics. State when they expect maiden dividend to be paid, state how much it will be and state what the ongoing dividend will be e.g . A payout of a set percentage of available profit, increases to match inflation. Also state that special dividends will be paid if cash accumulations permit. There is a need for specific news to get this share moving.
Agree with the positive comments, and new management are really getting to grips with some long standing problems.
As a long term shareholder I have never felt more confident of our future prospects.
BUT the issues with the SA tailings facility is a serious concern to me. We have for years not properly addressed this.
A succession of proposed 'solutions' have come to nothing. We appear to be trying to get another (probably expensive) short term fix until an alternative facility is constructed. Ultimately if the problem is not fixed the SA operations will eventually be shut down.
Trust the new management will get this sorted, they have been good up to now.