Member Info for SEA7

over 25% of the shares in issue traded in three days.

delayed trades will start showing up again as well.

yep - market makers will be keen to square their books and close off on orders before the close tonight.

The mms always had a small float of this and got caught out - the free float is quite small on this stock, which is why it moves very quickly

spot gold pushing past 1572 an ounce

no problem ogm4

kilimapesa was valued at around 2p to 3p per share some time ago.

The new ceo is keen to continue the focus on surface recovery operations by selling the anumso asset and either finding an investment partner for kili, or a buyer.

correction - 30th June 2020 - need an edit button here.

CEO indicated that the company has exceeded market expectations as at 31st December 2019 and will do so, at the finals, on the 30th June 2019.

He has good visibility over production, profitability and performance, which is his primary focus.

Goldplat has never been as fundamentally strong as it is now, in its history. The company has finally turned the corner and the revenue generating capability of the assets is being seen clearly.

Goldplat traded up as far as 16.5p last time it posted operating profits of around £5m - we should exceed that price this time, based on the stronger footing the company is on now.

with the exposure that it has had over the last couple of days, the interest and the fundamentally strong performance, it is likely that someone is looking at it as a takeover candidate.

20p is opportunistic, however, doesn't take into consideration the c.81k oz gold, plus silver and uranium in the tailings facility.

yep- shaking out the weaker holders - to square their own books and fill the orders they have taken on.

yep - in the udpate the CEO talks of toll treating material from artisanal miners in ghana.

The company used to do this back in 2013, before the ghana govt asked them to stop, whilst they carried out a country wide review of small scale mining - clearly they are getting the indication that they will be able to restart this again.

It used to generate between £2m and £3m pa.

its worth remembering that at the end of june 2019 - they also held £2.3m in cash - this will have increased over the last six months based on the performance.

actual sales were £11,540,000 from the two plants - one in south africa and one in ghana. - that was in the six month period to end december - annualised sales are currently £23.2m

correct stretchum - the business is the only thing driving the share price upwards here - there is a solid foundation under the share price.

goldplat has a 670k oz resource in kenya, over 160k oz in anumso ghana, 88k oz in the tailings facility and is currently generating over £100,000 a week, or £5.2m a year in operating profits from equipment that is all recently replaced and would cost over £10m to buy today. They also hold thousands of ounces of gold in the strategic stockpiles around the sites.

An expected breather in the share price after a non stop rise from 2.7p on wednesday morning.

Once the traders are out and others carry on adding and new buyers come in, Goldplat will continue its rerate upwards.

yep gary, I added at a short while back when the stock went towards the mid 4's - not sold any and waiting.

Cannot disagree there essex,

rerate on fundamentals alone!

thanks essex,

no problem - makes a change to see a stock actually rerate on news and is the real deal.

and you, enjoy yours also.

for once, a share is moving up from a seriously undervalued level based on facts, that, at present is still undervalued, despite the last two sessions.

The business is doing well again and the share price is following suit.