The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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thank god for ghana because without it we would be in the ****?
sa seems to get one problem after another. what is this nonsense with the generators? also the pipeline alterations.
no sign of a much needed dividend?
you need a lot of patience with gdp lets hope it gets taken out?
RNS out, another good profit reported
Another good research and find SEA, this is a good news, might be included in next presentation and RNS.
Extract from mintek shareholder performance compact 2022/23
hTtps://mintek.co.za/media/publications/downloads/shareholder-compact-2022.pdf
Objective 2
Foster the industry by extending the life of the South African gold mining industry.
Objective statement
Extend the life of gold production through technologies, equipment supply and technical support that will reduce operating costs, improve efficiencies and maximise the value and life-of-mine of gold industries.
Baseline
Patented gold from carbon fines technology had been developed and piloted. A project to demonstrate the gold from carbon fines technology to transfer the technology had received state grant funding (R2 009 000). Industrial partners in both South Africa (GoldPlat) and Burkino Faso had been identified as vehicles to transfer this technology. Detailed process design is currently in progress. This is the first year of the technology transfer project.
Good find!
Werner Klingenberg summing up key take home messages for investors following the webinar :
https://youtu.be/4-j6z1IyLH0
Https://www.investormeetcompany.com/meetings/investor-presentation-514
I would expect GDP board not to accept offer at 20p. it would be acceptable around 30p level
I have not been able to find the article - it is online somewhere, however, many years ago Niel Pretorious was asked if he would takeover goldplat - his reply was "nothing is ever off the table"
DRD ceo Niel pretorious is a superb ceo and he would not entertain goldplats TSF if he didn't think it was a winner...
his comments from years ago, tell you what sort of CEO he is...
https://www.miningmx.com/news/gold/32689-drdgold-ceo-niel-pretorius-puts-money-mouth/
On March 28 Pretorius told Miningmx that, “instead of making a huge crap-load of money, we’re just going to make a crap-load of money.” That was in reply to a question on the impact of the lower rand gold price on the deal.
Pretorius stands out as CEO of a quoted SA gold company in that he has been prepared to publicly state his opinions on his company’s share price and “put his money where his mouth is” as he has just done again.
That will be up to Martin Ooi- 28% shareholder of goldplat - the alternative is that he holds on and monetises it over the next few years - I can't see him selling for less than 20p given the upside personally, lets see.
That would be very interesting, what would be DRD's offer for a takeover?
Agreed - the most likely outcome imo is a takeover by DRD Gold - they are next door, this would still be hugely accretive to their earnings, its a no brainer for them - the difference between now and the past few years is that we have been told a deal is imminent.
Could not agree more
Exactly SEA that is clearly showing how undervalued is GDP with current market cap. This co should not be anything less than £50m cap. 5 times higher than current share price.
The last accounts showed about a third of the current mcap in cash, with over 1.5 times the mcap in precious metals in process.
that tailings facility with over 82k oz gold etc is an off balance sheet asset - isn't even recognised anywhere at present
These are superb numbers, we got plenty to come at current level this is one of the cheapest you can invest in the market, there is NO other profit making company valued at this low, perfect opportunity to be in NOW!
Actually more like 125k oz gold, new JORC estimate incoming
Yep the talk is the specifics of the deal will get announced soon - that storage facility has over 82k oz gold contained in it, as well as 216k oz silver and 193k lbs uranium.
20p feasible here this year, see DRD Gold deal chat on advfn board
Good to see some movement, as announced presentation and CEO Q&A session coming!
I am sure this will not stay at this level for long as gold price keep rising we should see re-rating here soon.
Got a tip from a friend about Goldplat and looked into it and looks very safe investment to me. Made my initial purchase today.
Any view from exsisting holder what should we expect next?
Jam tomorrow.
Again!
Please find a link below to an interview with Werner Klingenberg, CEO of Goldplat post Q1 Results which I thought might be of interest :
https://youtu.be/08T1TQpd8Og
View: A solid quarter from Goldplat despite the ongoing electricity issues in South Africa. The receipt of material from Côte d’Ivoire is very encouraging and points to the possibility that administrative issues over import and export can be solved for other West African countries and that access becomes available for considerable wastes we expect to be laying around in these countries. We see fair value in Goldplat at 18.1p/sh based on undemanding 3.5x FY24 EV/EBITDA now that we see an end in sight to issues in South Africa and the beginning of the flow of material from West Africa into Ghana. We note that our numbers do not yet include any contribution from the reprocessing of the TSF, and we will include this eventuality in our numbers once there is a better understanding of timing and revenue share for the project.