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What gold price is that PT based on?
The good news just keeps flowing here..
https://www.londonstockexchange.com/news-article/GDP/grant-of-water-use-license/15497724
Werner Klingenberg, CEO of Goldplat commented: "I want to congratulate and thank the whole team that have been involved in ensuring we develop the necessary water use management plan and work with authorities to get the water use license authorised, and I am extremely pleased with the authorisation received. The license is not just the first step towards the processing of our current TSF, but an integral part to our South African operation to deliver on our future plans. The water use management plan will also ensure good governance in regards with water use and its impact on the surroundings.
wow this is a lot better than pleased to announce. Game changing.
Stop teasing…on a plus side, it’s certainly not leaving any gaps behind.
I own both Goldplat and Thor exploration, both if given a few years the only way is up IMO
Both in my SIPP for the long term !
Thor Exploration
"We review the Q1 metrics around All-In Sustaining Costs “AISC”, head grades, recovery rates, and production output at the Segilola mine of 21,343 gold ounces produced, right in the middle of Company guidance, and is seeing throughput beyond the nameplate expectations and improved higher recovery rates closer to 94-95%. The average head-grade has also risen from to around 3-4 g/t, and now that the operations team accessing higher grade sections of the ore body. With all-in sustaining costs for Q1 around $799 per oz sold ounce, and annual guidance for between $850-$950 AISC, there are fantastic margins, with full year guidance unchanged at 80,000 to 100,000 ounces of gold."
New fair value as profits increase and growth opportunities realised
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. Goldplat is cash-generative with an effective management team, focused on growing the business. We recalculate our fair value today using a new methodology, incorporating forward projections of profitability, now that South Africa and Ghana seem on a steady path. Our new fair value on this methodology is 18.7p/sh (from 10.6p/sh), which uses a 3.5x EV/EBITDA multiplier for FY 2023E EBITDA (a multiple that is set at a slight discount to peer companies) and adding in the value of investments and net cash. Therefore, we see upside to the current share price and believe Goldplat to be a useful diversifier to any gold investment portfolio.
Thanks for the heads up.
Revised Fair Value 18.7p and makes no provision for Tailings. Good positive read. Sorry I cannot post as it is not permitted.
Still can’t believe how far this is from most peoples radar..if ever there was a share that could truly multi-bag, this has got to be it? Using any metric, it’s got to be worth £50-70m market cap!
Cash pile growing qtr on qtr, growing market, and ever larger footprint, coupled with buybacks, it really does tick all the boxes!
9.38p traded
6 weeks until next set of results, and potentially record profits & cash pile.. come on double digits.
Dear all,
Please find a link to Werner's video presentation here. Werner made the case for growth, and outlined the many opportunities available to management to grow the Group. Please watch the full presentation here: https://youtu.be/93UCZlXK2gU
If Gerard stopped selling for one minute we might have achieved the Board's aim. He needs to move on.
Having watched the presentation, my take was..
That the board see many opportunities to aggressively expand, and are not keen on disturbing capital through dividends, when there are better ways to use cash to invest in growth. Although future buybacks seem probable.
I also would have liked a dividend, but feel with everything lining up, we could be twice the company we are at present within a 2-3 year timeframe!
Just to add I am a shareholder who wants to see payment of a dividend which I believe will further enhance the SP but the board seem not so keen on this approach?
Werner really struggles with his delivery? Not sure what the point of it all was? Perhaps someone can enlighten me?
Watch here - https://www.lse.co.uk/events/
just a thought but what if Tuesday's Webinar had been booked in order to explain that day's RNS of a TSF agreement ? The way the price traded on Friday it looks like someone thinks so.
yep, looking at the highest close since 2020, chart breakout.
Higher highs, and higher lows.
We are now in a uptrend!
12-15p next resistance.
I believe you may have answered your own question.
If the board can not recommence the buyback program without tipping Mr Ooi(who is also on the board) over the 30% threshold, and profits are increasing(substantially), and their words of “returning shareholder value”are to be kept too, and have finally been reinforced by the recently completed share buyback program(if not slightly underwhelming). Then surely a dividend must be announced along side the full year results…which ain’t far off, as we are already deep in the 4th quarter?
Which I agree with you that this will be the catalyst for a re-rate in the SP.
Although if Mr Ooi wants to prove us both wrong..I will happily accept 50p per share for my 1750000 hoard!
Main person here on the buy side for the last few years has been Martin Ooi.
However his holding is now up at around 29% (following the reduction in total share count due to the completed buyback program) and so he has hardly any headroom left to buy any more stock without hitting the 30% threshold that would require him to make a takeover offer for the Company (which I doubt he is interested to do based on his online personal profile).
So without his continued buy side liquidity I don’t see where GDP gets its future positive SP momentum, unless to hope for the very long awaited rise in gold price and/or the very long awaited reinstatement of dividend payments.
Shall wait and see…..
Simples: I believe we are the MOST unloved, undervalued company on AIM. And these prices will not be available forever. Sellers finish selling, and buybacks can restart, all the while GDP keeps making profits…only a matter of time my friend…