Member Info for SEA7

this is not in the original 81,959 oz gold stated...

The statistical modelling indicates a further 230,000 tonnes of footwall soil lying immediately below the slimes containing significant quantities of gold, uranium and silver. It is likely that the gold migration into the footwall could be greater than reflected in this resource and thus there is upside potential in this area.

the tailings storage facility has...

81,959 oz gold contained.
216,094 oz silver contained.
193,216 lbs of uranium contained.

all jorc compliant .

the jorc compliant report said...

It is expected that there will be a very high rate of conversion of resource to reserve.

and..

It is possible that the exact tonnage of the TSF could be modified by the lack of elevation data of the slimes/footwall contact – this is due to the fact that not all boreholes penetrated to the footwall. This indicates upside potential for an increased resource.

Goldplat’s primary strategy is to build upon the successes of its profitable core gold recovery operations in South Africa and Ghana where the Company sees the potential for continued strong revenue growth and stable margins. Goldplat will continue to optimise its South African gold recovery operation and build its Ghanaian gold recovery operation to replicate the successful and mature South African operation, which sources by-products primarily from blue chip mining companies. In addition to this, Goldplat will continue to focus on crystallising value from its current gold mining and exploration portfolio.

the 52 wk high of 4.3p reached last august was not supported by a fantastic update like todays. The rise we have today is supported by facts and as the company stock price has been in the bargain bin for ages, so many sold out, which means not many weak hands.

Goldplat plc is an AIM-listed, profitable gold recovery services company with two market leading operations in South Africa and Ghana. The Company also has a small gold mining and exploration portfolio in Kenya, Ghana and Burkina Faso.

Goldplat is run by highly experienced mining industry professionals, and has an active development strategy primarily focussed on building on the strong revenue growth of its core gold recovery operations and expanding its footprint in Africa to take advantage of the continent’s primary gold production.

NAV does not include the 80k oz resource on site.

the NAV of goldplat is 12.6p

someone is hoovering up 100k share lots.

4p on the bid.

from a poster on another board....

at this rate close to 10% of the total shares outstanding could trade today when one allows for hidden trades -incredibly rare outside of takeover announcements, truly game-changing.

goldplat hasn't had volume like this in years.

back in june 2019 the company had over £2.5m in precious metals on hand and in the process of being worked through the plants gold recovery systems.

current mcap £6m - op profit for H1 - £2.6M - Annualised £5.2m - that is nearly the whole cap and doesn't include

cash on hand - which was 1.3p per share as at last accounts
80k oz gold in storage facility
strategic stockpiles

and to replace the processing circuits in south africa would cost in excess of £10m

yep, we are already nearly one month into H2 and the spot price has been up past $1600 on one occasion. They carry on doing precisely what they have been for the next five months, then there is no reason not to see £5.2m operating profit for the year.

and a divi was declared back then of 0.6p per share.

The operating profit stated in the update today equates to £5.2m on an annualised basis.

In the results to end june 2012 - the year when gold hit its record high of $1900 an ounce, goldplat posted operating profits of £4.5m - gross profit was £6m.

This means we are on track to beat that £4.5m figure to end june 2020.

In june 2012 the share price was hitting that all time high of 16.5p - same number of shares in issue.

https://www.proactiveinvestors.co.uk/companies/news/911234/goldplat-surges-as-it-predicts-that-it-will-surpass-forecasts-911234.html

gold price on jan 22nd 2019 - was $1284.93 at the close. Today we are seeing $1559

following the pattern so far - good rise first thing, strength in price until around 11am - when the mid morning lull arrives, after all those early birds, that were buying and selling are done.

If we see the stock pick up again into lunch and beyond, then it confirms the standard intra day trading pattern off the back of an excellent rns.

This has been in the doldrums for months, this rise this morning is just getting the stock back up to bargain level, from dirt cheap.

quite a few years ago, goldplat sold a stake in its south africa operation to meet Black economic empowerment rules. That stake was sold to Goldplats BEE partner for 20p per share. This was just the South africa operation and not ghana, kenya or anything else.

They pay for this through dividends from the south africa operation and are still paying it now.