Member Info for ogm4

well said stretch

5.66 paid

good afternoon Sir and thanks for constructive participation over the weekend :-)

I tell you the MM's are out fishing today !.... :-)

Everytime it drops to 5p or below they move it up again to 5.20-5.30p levels, bodes (very) well imo

clearly it is not dropping back today as some predicted

and they're at it again, nibbling away...

in fact a nice start of the week today, bodes well for the rest of the week

you just beat me kingivor!
indeed gold up 0.7% at 1583 USD/oz

absolute no brainer

This will re-rate itself based on £5MM annual profit AND with underlying support of the current bullish gold price

sudden movement

As stated previously by the CEO:

"A major positive development has been that the Kenyan Revenue Authorities started refunding the mine’s VAT claims for the first time since incorporation. This action sends a strong message to potential investors about Kenya as an investment destination"

very well observed SEA, the forecast looking strong here

Main two flagships full steam ahead c/w increased operational efficiency, TSF updates soon, awaiting outcome of Anumso Gold mine sales i.e. additional cash, severe cost reduction on Kilimapesa, tax refund from KA government, etc.
Full year results due in a few weeks time expected "to exceed current market expectations"
Also higher gold prices on the near horizon under current market sentiments.

£5 Million annual profit...
Therefore in my opinion £8 Million market cap is an absolute steal at the moment.

And good to see they are currently conserverving one of their other projects Kilimapesa at minimal cost c/w permits and licenses still being supported by the Government. It shows you they are very much cost driven; looking for capital efficiency.
Also a chunky £ 523,000 VAT reclaims have been paid by the Kenyan Revenue Authorities to Goldplat, which adds up even more.

In 3-4 months time they could have another £2-3 Million cash/profit at hand based on improved operational efficiency, excluding any project sales or bullish increase in gold price. Wakey, wakey.

Indeed, good point.

Personally I suspect that news must be close around the corner ('due course").

Indeed, I agree Sea.

The only thing what particularly struck me is the wording: They mention "we have had discussions" instead of "we are currently in discussions or negotiations" unless indeed they are still in a non-disclose period I guess.

This part intrigues me somewhat:

"We have agreed with our Joint Venture partner at Anumso, Desert Gold (Ashanti Gold and Desert Gold merged towards the end of September 2019), to seek a buyer for the Anumso gold project. We have had discussions with a potential buyer and will announce the outcome in due course. "

Surely if the negiotations would have lead to nothing i.e. no deal, this could have been announced much earlier straight away ?
In that case: Why would you want to wait with announcing the outcome ? Only if there are certain developments ongoing and/or deal is ongoing imo...

news on several fronts