Member Info for Driving

Actually up in this now…crickey

At long last!
Next resistance around 12p, mind the gap(up)…

11-Apr-22 08:24:33 7.34 250,000 18.35k

Looks like they managed to get todays order in!

This is gonna get interesting real fast..haven’t seen the book this heavy in ages.
I’m going with 12p, by Friday.

Further to the Company's announcement on 29 March 2022 which outlined the Company's share buyback programme, Goldplat plc, the AIM listed gold producer, with international gold recovery operations located in South Africa and Ghana, announces that on 8 April 2022 it purchased through WH Ireland Limited a further 60,000 of its own ordinary shares of 1p each ("Ordinary Shares") at a price of 7 pence, which will be held in treasury until cancelled. The Company has now completed the purchase of its target of Ordinary Shares to the value of £198,940 . The Goldplat board is currently considering extending the buyback programme and a further announcement will be made in due course.

My humble advice to you would be “FILL YOUR BOOTS”(I certainly have). From my experience at SLP, once the announcement of policy to continue share buybacks happens, the only way is up. There really isn’t the largest free float on this share.
Buy my calculations we are generating £400k per month in FCF, that’s some serious ammo to throw at share buybacks!

By my calculations that’s the final £4ks worth.
Hasn’t done much to spark the SP. Let’s hope a continuation of share buybacks are announced, and have a more desirable effect on appreciation of our capital.

Definitely one of his better ones.
We’re Undervalued by at least a factor of 3, and if we continue our current growth, you can make a case for 40p.

If you look back a few pages some very good info shared. Not a lot has changed, other than Glencore have announced that they are selling off non-essential assets. We hope we will be one of them.

So don’t go shooting me down, if you don’t agree!
But “perhaps”, the collapse of the simandou project”, is what Glencore have been waiting for all along? Surely the simandou project demise, elevates us to pole position(regionally), and it becomes a sellers market, where we(glencore) dictate the price & conditions of sale(READ:off-take).
Surely we’re as attractive as we’ve ever been, regardless of our current silly SP!?!

Maybe the CEO should buy some as he feels we’re so cheap. Couldn’t have as bad effect on the SP as the “buyback scheme”!
On a side note, I’m as certain as can be we will get a dividend come full year results, but it better more than a poxy £200k!

On a positive.

Slightly underwhelming, but good luck trying to purchase £200k in this, the most illiquid share on AIM!Would have preferred a dividend, cheap barstewards.

Maybe, maybe not..time will tell. Just as likely to see 10p IMO. Although this is a hell of a slow burn, we haven’t really been shafted, have we? The board have kept dilution to a absolute minimum, whilst we wait on glencore to act.
On a balance of probabilities seems likely we will be one of the assets glencore sell, I guess we’re find out soon enough. Added 300k today, and will keep adding.

With the interim results due soon, & with a clear strategy on “returning value to shareholders”, and gold price now north of £2k, and factoring in that we may realistically make more profit (after tax this year, than our current market cap..we should see a significant re-rate.

It’s slightly better than that “the 6m profit is was achieved in the first 2 quarters”, so annual profit could be something like 12m(pending on average gold price!)…sorry for being pedantic!,

Anyone that was short this morning lost their underpants!, hell of a “fat finger”.

Regardless of external influences, I feel the market is beginning to grow impatient for our (now overdue) trading update.

Looks like with increasing volume today, we’re getting ready for a brake-out next week to new highs..

Looks like someone is accumulating that’s 7m(by my counting) shares uncrossed traded over the last week..