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I think you will be waiting a very long time before we see 20p. I don’t see it reaching this level anytime soon unless they pull out a massive RNS regarding new contracts/mammoth revenue streams.
I can however see 9.5p-10p short term once the electric issues are resolved and we get a stable connection to the main grid from another provider. It was holding around the 10p level for some time before it dropped.
GLA
We’re on the move.
I’m Fully loaded again, ready for the 20p party.
Gla & and may our SA glitches be behind us.
I interpret today's RNS as good news. Hopefully, the new hire will take some of the pressure of Werner. They electricity supply issues in SA was a known issue and anybody with the slightest knowledge of the country knows it is not going away anytime soon so the purchase of diesel generators with attendant financing is a very good move. 24 months payback is more than justification for the more. Also it's very hard to motivate a workforce when operations could shut down at any moment with minimal notice and attendant loss of revenue/pay.
It's an inconvenient fact that SA/ZBW i.e. the bushveld and great dyke have huge reserves of elements such as AU, PT6+ and Chrome that are simply not found anyway else. If business gets tough costs rise and production falls. That then increases the price of the raw materials which in a way then becomes a natural hedge.
That's why I stay invested
Really good news re the license in Ghana. SA electricity problem being addressed not sure why it has taken so long? Please guys when are you going to talk about a dividend?
Is always forward looking, I expect us to begin rising “on a wall of worry”..
Gla holders
We continue to believe that the investment case in Goldplat is strong, electricity supplies in South Africa aside. Goldplat offers a unique solution to treating gold-bearing waste-material from mines and is ideally placed in Ghana and South Africa to serve several large gold-producing regions. We see robust profits (despite recent issues) going forward with growth potential in Ghana a realistic ambition from the company. Whilst we hold our forecasts, as Goldplat has obviously found ways to cope with the electricity issues in South Africa, it is obviously an evolving situation and there is risk that we will have to downgrade our forecasts if a solution cannot be found. We maintain our fair value of 21p on the basis of an undemanding 3.5x EV/EBITDA multiplier for FY24E where we assume that electricity supply problems in South Africa are resolved, and look forward to including upgrades from the tailings retreatment project, further progress in treating PGM-bearing wastes in South Africa and news on new supply partnerships into Ghana. We will review our numbers regularly going forward as Goldplat continues to update the market.
I left there 20 years ago...anyone with a brain could see what would happen except the liberal left who don't have too live there.
The power situation is SA is bad for the company. Luckily what gold the gangsters ruining the power industry will let them recover will fetch more.
Who would have thought Ghana would be the great hope. Shows what a mess SA has got themselves in!
Back to a million mark, gonna hold off further adding until post update.
Gla.
This time last year we finally started to turn the corner!
Can we at least get back to a modest share buyback program.
Although I understand the power issues haven’t been entirely in our control, the share price is still very frustrating!
Gla, and hoping for a relatively good qtr results next week..
Must be priced in by now?,..I hope!
Done something I haven’t done in a while, added.
Gla, hopefully the power issues get resolved, and we finally get our great big “pile of gold” processed.
Onwards & upwards.
Goldplat plc
('Goldplat' or the 'Company')
Interim results for the six-month period ended 31 December 2022
Goldplat Plc, (AIM:GDP) the AIM listed Mining Services Group, with international gold recovery operations located in South Africa and Ghana, servicing the African and South American Mining Industry, is pleased to announce its unaudited interim results for the six months ended 31 December 2022 (‘H1 2022’).
Goldplat continued to achieve profitable results for the six months ended 31 December 2022. Highlights include:
• Achieving operating profit for H1 2022 of £2,813,000 (H1 2021: £3,334,000), after the impact of the electricity cuts, by the electricity provider in South Africa, on production in the second quarter in South Africa, the loss on the sale of Caracal shares (£45,000) and the decrease in valuation of the net smelter royalty (£107,000);
• Even after considering the impacts mentioned above, a net profit from continued operations attributable to owners of the company was maintained at £1,742,000 (H1 2021: £2,071,000);
• Fully diluted earnings per share for the six-month period remained above 1 pence per share at 1.02 pence per share (H1 2021: 1.19 pence per share);
• The group cash balance remained strong at £2,826,000 (30 June 2022: £3,895,000); and
• During the period the Company spent £802,000 (H1 2021: £313,000) on capital expenditure, mainly on construction of a new tailings facility (‘TSF’) in South Africa and refurbishment of one of the circuits.1
Werner Klingenberg, CEO of Goldplat commented: “I am pleased with the continued strong operating results achieved by the group, considering some of the difficult circumstances we’ve experienced during the second quarter in South Africa.”
https://www.londonstockexchange.com/news-article/GDP/interim-results-for-period-ended-31-december-2022/15899030
Dear all,
London South East interviewed Werner Klingenberg, Goldplat CEO and asked him about the impact of the electricity outages, why the audit had been delayed, what kind of a quarter it had been overall and how the diversification into South America had been progressing. He believes the solution to the outages issue is to increase capacity when electricity IS available rather than buy expensive generators and burn a lot of diesel - although it was perfectly feasible to do that. https://youtu.be/MqvNw403a4E
WHI View: The plans put in place and the ongoing efforts to improve material flow to the
Ghana plant should enable Goldplat to continue its growth profile in our view with stable
production from South Africa, together with its growth projects, acting as an anchor. We
expect an improvement in the electricity supply in South Africa, but this acts as the biggest
risk to our forecast. The company continues to be the go-to processor for precious-metal
bearing materials and has a unique set of processing circuits to maximise recovery. We see
fair value at 21p/sh.
Please register with goldplat@flagstaffcomms.com
In the short term though there should be a recovery (no doubt frustratingly slow) towards the previous high watermark (12p) as all this new information is digested. I remain very relieved that the audit delay was not down to some awful skeleton in the cupboard.
The tailings are certainly a significant catalyst for anyone looking beyond the short term.
https://www.londonstockexchange.com/news-article/GDP/notification-of-investor-presentation/15843178
https://www.londonstockexchange.com/news-article/GDP/2nd-quarter-operating-results-update/15843088
isn't there more value in the tailings (100k oz) than the rest of the business ?
Certainly frustrating, but, all things considered, I am, on balance, a happy camper this morning.