Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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.
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.
Actually more like 125k oz gold, new JORC estimate incoming
20p feasible here this year, see DRD Gold deal chat on advfn board
buying more myself
dip bought like crazy, big buyer still moving up his bid, weak holders flushed out this is very bullish price action
lets hope so -10.7p trading expect 15p b4 Xmas, 25p next year.
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.
9.38p traded
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.
revisit ? target should be minimum 20p, muppets.
well, looks like mkt makers running a touch short- company can pay around 8.7p tomorrow ,expecting another tranche or two of buybacks, nice steady rise to 10p.
from another board, looks like Goldplat buying back at 8p today, can pay 8.2p on Tuesday and 8.4p on Wednesday , get them while you can.
this is what we want to see- the market knows that the board want a series of buybacks now, paid up 7.24p today, won't be getting any tomorrow at this rate, the big seller is nearly gone, watch this roar higher when he's finished
why pace themselves? ship them in and make it £1 mill , the company generate enough FCF
I hope you are right - Goldplat can get a much better return from buybacks and investment in further stock/TSF than I can from receiving cash.
so the market cares more about FCF and profits, rather than dividends that obssess the bungling Majors on here - EPS 1.19p. Expecting better 2nd half due to higher gold price, let's be conservative and say 2.5p full year. With 2.5p per share of cash then, that leaves the business on a p/e of 2. Crazy cheap.
If you annualise the 2Q profit (since GOLD PRICE IS NOW ABOUT $200 HIGHER THAT'S an underestimate), you get £6mill profit after tax for a £12 mill company - with £4 mill+ of cash. IN A YEAR GOLDPLAT will have £10 mill of cash and still be making £6 mill a year. All this with zero value to 82,000 oz in the TSF (worth a gross of £112 mill). This is madness and cannot last - either we rocket to 20p+ asap or someone takes this thing over, you are buying pound notes for 20p here.
what nonsense - Werner has been cautious about getting his ducks in a row to ensure that a dividend is 100% sustainable - the performance since he took over has been outstanding, especially Ghana. You will eat your words come the Interims in the next week or so.