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Gold above $2,000, back of the envelope this is on a p/e of below 2 ie earnings yield of over 50%. Pus cash will now be c£5 mill and mkt cap is £13 mill. It will trade 25p this year.
hardly a big deal - much more important is Ghana's performance, outstanding, stripping out cash we are on a p/e of 2, 1p dividend (0.5p now and same at year end) incoming, buy before the news hits.
its obvious from the Q2 update that a dividend will be announced with the Interim results in a couple of weeks. No way are these buybacks, looks like a couple of large buyers competing to get as much as possible before the dividend shines the spotlight on Goldplat. 0.5p now and the same at the end of the year is easily affordable and gives a yield of 12.5% at 8p - not many place you can get that, especially when its covered over three times by earnings .
If you annualise the 2Q profit (since GOLD PRICE IS NOW ABOUT $100 HIGHER THAT'S NOT UNREASONABLE), 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.
Results look good to me and the market seems to agree - working out this year's numbers with higher majority share and hopefully higher gold price we will be on a p/e of 2ish
will be blue by the end of the day, take advantage quick !
AYM rapidly moving forward now, share price will catch up soon, we are in a much better position now than in January when the shares touched 10p- higher COPPER PRICES, NEW CEO etc
short termers-let them sell out for their 0.5p profit and miss the 5p move - 500K for sale at 4.55p if anyone wants to top up.
up another 2% in Asia
correct, we can't- Copper closing in on new all time highs, I'm buying more AYM here- last time copper traded here we were above 7p
good points - I agree that Dr Ooi on the board is v bullish, trying to buy more only 25k shares on the offer and having to pay 8p for any size - Gold pushing $1800 augurs well for the 4th quarter for sure.
New CEO saying Grängesberg will be highly cash generative is a game changer for me, we have option to increase stake to 50% (or is it 90%) bought for peanuts in 2020 - this will be north of 10p soon on that news alone.
yep- tree shake works again allowing market makers to shake out a few - buy every dip people.
from other board, apparently CEO on LinkedIn posted "watch this space" on his page....suggests he had something lined up for Parys before he took the job, sounds like something big in the pipeline.
hold on tight/buy some more, this is going above 6p within a few weeks.
Modus Operandi now is buy every dip, the market maker gifts are gratefully accepted, this will trade 10p this year, that's still under £25 mill market cap for goodness sake - wake up everyone !!!
20p target, agreed SW. look at today, spot the pattern - mark it down early panic a few sellers/stops, then buy it back up into the close - classic market maker accumulation
early tree shake to panic those scared of their own shadow, now positive on the day, expect strength into the close and positive weekend press.
remember- even market maker tree shake drop - BUY - this will be over 6p within a couple of weeks, that's still only £15 mill market cap for goodness sake.
20p seems outlandish Tommy, I agree -but it would be a market cap of under £50 million, still peanuts c w the upside.