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Going on here today!
Anyone else a bit underwhelmed by this? I’d hoped we’d be moving on from his days and really pushing for growth. Ho hum, need to look at this through different eyes I guess
Outperforming nearly all others in sector this year. Tightly held stock with steady low capital cost growth strategies and better still exposure to PGM tailings (note SLPs share price 2012/13 at 5-6p compared to recent highs of more than £1.20).
With a bit of good fortune we will soon see an uptick in commodity prices as the USD begins to weaken
Neither 46% or 25% can be right. The grade is 1.6g/t . Take off 46% and the tailings of the tailings would still contain over 0.8g/t. Pan African’s tailings only contain 0.39g/t and they reckon that they can recover around half of this. The low figures I have seen simply don’t make sense
I'm still struggling to understand where the 46% comes from. In the interview I thought Werner stated that they expected a 25% recovery.
Perhaps everyone is getting a bit polyanish about this...?
Listening to the interview with Werner it seems pretty clear there will be another buy soon. He again said they were looking at the best way of returning value to shareholders, and that he considered the share price to be very low at this price. another buy back should push the price up again.
lets hope so -10.7p trading expect 15p b4 Xmas, 25p next year.
I don’t know where the 46% recovery rate comes from.
Data from the PAF definitive feasibility study gives a range of estimated recovery rates from 34.4% to 75.71% depending upon the specific dump.
The average grade of PAF’s TSF’s is just 0.29g/t. Ours is 1.6g/t so I would expect a much higher recovery rate from Goldplat’s dump.
Maths easy 20p minimum by Christmas!
posted on other board, 46% estimated recovery of TSF gold - given its now over 100k oz, that's 46k oz recovered at gross revenue of c£69 mill - costs likely less than half of this, mkt cap c£15 mill on a p/e of 3 with recovery ops profit increasing, you do the math.
thanks - watching now
Dear all,
Here is our latest interview with Werner. We asked him about strategy and how he will grow the business, and much of that growth will come from work already well underway. The Platinum Group Metals (PGM) processing plant is already operational and commissioning of the flotation plant is ongoing. The Tailings Storage Facility is also underway at a cost of £650,000, the increase coming from environmental requirements. The upside remains considerable. Please do let other investors know about this stock as it is under the radar. Please view here: https://youtu.be/ZQjle0sGi3w
https://www.kongiwe.co.za/wp-content/uploads/2022/04/5L23_Draft_IWWMP_12042022_Final_Public_Review_Appendices.pdf
please note the above that is dated april 2022. It is for a pipleline for tailings dump 5L23 which is on the other side of road from Goldplat - if my map reading is correct.. (modder b road)
you will note that on page 14 the proposed pipeline route, has a spur that comes directly from goldplats facility.
DRD Gold will be processing 5L23 and looks like they will be processing goldplats if this is correct.
Yes I plucked $100 profit per oz out of thin air. I have no idea how GDP are going to split the proceeds with the third party supplier.
Btw I've never understood why GDP can't extract the gold for themselves rather than relying on a 3rd party. Is it just down to volumes or is it some specialist process that GDP lacks and the 3rd party supplier doesn't?
I think you can 10x the profit on the TSF gold.
This company is an excellent example of how by attacking a myriad of problems typically faced by all companies success starts at first slowly but then snowballs. Towit:
- buying up the substantial minority interests thus increasing the share of profits to us shareholders
- keeping all the ECOWAT govts sweet in Ghana
- cautiously using capital but not being afraid to expand where the marginal revenues demand it e.g. Brazil
- opening up new processing capabilities - PGMs
- keep buggering on with the gold rich stockpile. Looks like they can finally get that processed (OK yet more approvals still needed but...). OK they need to spend 650k more than planned of which 300k is already spent but hey cash still goes up to 3.6m
If they make say $100 oz pure profit on the processing thats, hey, $8.2m. They're currently only worth $15m.
Mr Market you are seriously bonkers. Or else I'm missing something big...?
Further Analyst View: a 12 month gross operating profit from its two plants of £8.0m – up from £5.3m
in FY 2021 is a strong endorsement of management strategy. Cash was £3.6m at year end
(£3.1m). The plans put in place and the ongoing effortsto improve material flow to the Ghana
plant should enable Goldplat to continue its growth profile. The company is set on its course
of being the go-to processor for precious-metal bearing materials and has a unique set of
processing circuits to maximise recovery. We still see fair value at 18.7p/sh
Goldplat is a precious metal producer from the by-products of mining and plant clean-up.
It today provides an update on its operational activities in Q4 ending June 2022 and a first
indication of its yearly financials. The news does not disappoint as once again Goldplat has
produced a record year. FY 2022 operational profit from its combined operations was
£8.0m – up from £5.3m in FY 2021. We are looking for improved performance in FY 2023
with continued access to new materials (South America and wider West Africa) into Ghana
and an increase in PGM production and reprocessing tailings in South Africa to accompany
the existing, ongoing business. We keep our forecasts unchanged today pending release of
the full accounts with an expectation of an eps of 2.3p/sh, rising to 2.5p/sh in 2023. We
will update our numbers accordingly following release of the full year numbers
'Yes a good set of results but slightly concerned by no improvement in Ghana. But overall looking very healthy. Time to start paying a dividend please? 1p for starters.'
A steady profitable ship is a good righteous ship !
For a company with a 16m market cap! Something has got to give..
Yes a good set of results but slightly concerned by no improvement in Ghana. But overall looking very healthy. Time to start paying a dividend please? 1p for starters.
https://www.londonstockexchange.com/news-article/GDP/4th-quarter-operating-results-update/15588234
Werner Klingenberg, CEO of Goldplat commented: “I am pleased to see the continued year-on-year strong operational numbers produced by the recovery operations, with this being the third year it has produced, at fluctuating gold prices, a combined operating profit above £5,000,000. We continue to invest time into identifying different methods to process materials containing various elements and building relationships in different jurisdictions, which has broadened the pipeline of potential projects going forward, including the processing of the tailings facility which should add a further revenue stream to the business in future.”
This week, hopefully continuing to make loads of profits…
PAF have just released details of DFS relating to one of their TSF’s with a read across for here. It quotes an AISC of $914 per oz based upon estimated total recoveries of 650,000 oz. It requires massive capex of $161m but here’s the point. The estimated grade is only 0.29 gpt and they expect to only recover c60% of this. Put another way, they expect to lose c0.12 gpt. Deducting this from the 1.6 to 1.7 gpt in our TSF indicates a much higher recovery rate for us. Combine this with our much lower capex requirement and it’s easy to see the enormous profit potential from reprocessing our TSF.