We would love to hear your thoughts about our site and services, please take our survey 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.
And the most boring share of the year goes to....drum roll.... Goldplat !
INCOMPLETE
l consideration of USD1,500,000 will become payable in cash and will attract interest of 4% with effect from 1 January 2021.
3 days to go............for Papillion to list on AIM.
"The initial consideration receivable by Gold Mineral Resources Ltd ("GMR"), Goldplat's subsidiary, is in the form of a secured debenture of USD1,500,000, to be satisfied by cash and/or the issue of shares to that value in Papillon payable on Papillon's re-admission to trading on the LSE following completion of the RTO, with 30% (USD450,000) of the initial consideration payable in cash. In the event that Papillon is not re-admitted to trading on the LSE by 16 July 2021, the full initial consideratio£
Management your job is to ake money for the owners so let us know your dividend policy
Hopefully when they have the FY figures they'll make a dividend announcement. With the exception of the tailings facility there doesn't seem to be any other CAPEX so should be a decent amount of free cash for a Divi. They've been alluding to a dividend for a while so unless they're planning to get a load of solar panels up and some vanadium flow battery storage to reduce the increasing electricity costs, I can't see any justification for not offering up some returns to shareholders.
£12m market cap
Q3 operating profit of £1.16m
£2.9m cash on hand (as of 15/05/21)
Potential windfall of $1.5m cash becomes payable to GDP if Papillon is not re-admitted to trading on the LSE in two months time (16/07/21).
Operating profit for the nine months ended 31 March 2021 of £4,220,000.
Decision made to focus on higher margin material this quarter and beyond to reduce costs per ton and maintain stable year round production.
Expected approval of new tailings storage facility site by July.
Gold price in rand is moving up from April lows of 24,950 to stand today at 26,300 - a little off it's Q2 average (est: 26,600).
True some good news but the more i read it the more it smells negative. This is just Werner and Goldplat has a history of minor slips on banana skins? Depressing but true. A lot of red today just based on frustration and other possible opportunities.
Good news in RNS but negligible effect on share price. The management need to clarify their dividend policy and announce it certainly by the full year report time. The amount of dividend proposed must be known and so should their ongoing dividend policy. Given the level of profitability the maiden dividend should be at least £1million ....more if there are no plans to invest in business. This would get the price rising too....we should be looking at 15p plus.
Another three months at least, then, until only good news.
I guess some of the disappointing factors in today’s news, like the lower SA Rand gold price, electricity and water issues, Kili listing delay, have already been plaguing the share price. And Ghana is new, good news. And the stock is already cheap ofc.
Satisfactory I guess and thank God for higher POG? BUT as per usual Goldplat manages to disappoint and is very slow moving? Ghana continues the shift away from SA and if this continues will be interesting?
https://www.londonstockexchange.com/news-article/GDP/update-on-the-nine-months-ended-31-march-2021/14978458
Werner Klingenberg, CEO of Goldplat commented: “I am pleased to report that with our two profitable recovery operations, in South Africa and Ghana, we are getting closer to our strategic initiatives of building long term visibility of earnings and being in a position to return value to shareholders through dividends.”
Lol - enough for a decent holiday would be a start
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