Sunday Long Reads: Death of a Sherlock Holmes fanatic, Islamic State family, Monetising Nothing, Bad Electric Vehicles, Boat Accident
South Africa and Ghana-located gold recovery from by-products of the mining process company Goldplat (GDP) has announced it is “extremely pleased that we have been able to complete the sale of Kilimapesa… This releases Goldplat from any further financial or management requirements and allows us to focus on our continued recovery operations”. How pleasing is the detail?
Gold recovery from by-products of the mining process specialist, Goldplat (GDP) has announced results for its half-year ended 31st December 2020 and that its “production has remained satisfactory, to date, during the second half”. With the shares at 6.7p, are they still a value buy?
An update on the first half of its year ending 30th June 2021 from Goldplat (GDP) includes that its South African gold recovery operation produced a reduced £2.2 million operating profit compared to a prior year comparative £2.7 million but its Ghana operation reported a £0.84 million operating profit against a prior year period £0.2 million...
Producer from precious metal recovery facilities in South Africa and Ghana, Goldplat* (GDP) has announced results for its year ended 30th June 2020 and noted “a good platform to drive our strategic initiatives during the next period and to return value to shareholders again”…
Gold recovery company Goldplat (GDP) “is pleased to announce an operational update for the first quarter ended 30 September 2020” – and the shares have currently responded slightly higher above 8p...
Goldplat (GDP) “is pleased to announce the signing of a binding term sheet… for the sale of… the assets and licences of the Kenyan underground mining operation” Kilimapesa...
Goldplat (GDP) has updated investors emphasising that it is “pleased to report the progress made on key initiatives during the period, while maintaining profitability” and “with all the recovery operations restarted as of 20 April 2020 the group should continue generating profits during the last quarter”…
An “Operational Update in relation to Covid-19” from Goldplat (GDP) includes that “its operations will be temporarily curtailed due to restrictions imposed by various Governments to combat the global Covid-19 outbreak”…
Goldplat (GDP) has announced results for its half year ended 31st December 2019 and that “the progress made on key initiatives to increase long term visibility of earnings in the recovery businesses, specifically improved recovery on lower grade contaminated material and strengthened relationships within mining industry, are encouraging”…
A “Quarterly Update” has sparked shares in gold recovery and projects company Goldplat (GDP) – and they currently retain upwards momentum…
Goldplat (GDP) has updated including “we delivered continued profitable production in South Africa during the quarter and achieved substantial savings by putting Kilimapesa under care and maintenance. In the next quarter we aim to accelerate the progress of growing the greater West African market”…
Last month saw “Directorate change” and “Ops Update” announcements from Goldplat (GDP) – the former being that CEO Gerard Kisbey-Green “has stepped down… with immediate effect”. So a disappointing ‘ops update’ then?…
Goldplat (GDP) has announced results for its half-year ended 31st December 2018 including “profits from operating activities continue to improve after a very poor first quarter. Sourcing of material for Goldplat Recovery Ghana and finalisation of funding for Kilimapesa Gold are the immediate issues facing Goldplat”…
Gold recovery and mining company Goldplat (GDP) has announced results for its year ended 30th June 2018, noting that this “was a year during which a lot was achieved which did not translate into increased production or profitability, but Goldplat is confident that this will materialise during FY 2019”…
Goldplat (GDP) has updated on the third quarter (to 31st March) of its year – including gold equivalent production of 6,966 ounces, taking the year-to-date to 27,212 ounces…
Goldplat (GDP) has announced results for its half year ended 31st December 2017 and emphasises “the outlook is positive”…
An 8p offer price on the initial recommendation piece, shares in Goldplat (GDP) currently trade slightly higher after Update on Negotiation with Rand Refinery and Modification to option Terms between Ashanti Gold and Goldplat for the Anumso Gold Project announcements thus far in January…
Goldplat (GDP) has confirmed modification to option terms with Ashanti Gold for the Anumso gold project and a Memorandum of Understanding with Rand Refinery for a proposed full and final settlement agreement...
Our 7.75p to buy tip of last month, Goldplat (GDP) has updated on “good progress… on all areas of strategic focus” and “is pleased to announce… formally agreed on an arbitration process for the recovery of the amounts owed” (by Rand Refinery)…
An update last month from gold recovery and production company Goldplat (GDP) saw CEO Gerard Kisbey-Green emphasising “operational profitability achieved at all operations” and “good progress being made on our strategic objectives”. This has helped the shares up from just above 6p to a current 8p to buy, but the value and further progress potential suggest there could be much more to come - and soon!
Shares in Goldplat (GDP) are currently in decline on the back of an announcement that it will be immediately initiating legal proceedings as, despite a final report from a jointly-appointed independent metallurgical expert, it has “not been able to reach a settlement” in a dispute with Rand Refinery…
Goldplat (GDP) has announced that it has secured a $2 million short term debt facility from Scipion Capital. The loan is structured as a revolving pre-export facility and is available for 360 days from first drawdown. Interest is LIBOR plus 9.5%pa and repayment and interest are due monthly. Security on the drawn amounts has been granted over GDP’s South African tailings facility. This has prompted house ( thus not impartial) broker VSA to increase its target price by 9% and thus it claims that the shares, at 7.375p offer 63% upside.
Previously writing on Goldplat (GDP), I concluded that I continued to expect more to come as the shares rose back above 6p. The following updates with they currently up to 6.625p on the back of results for the six months ended 31st December 2016…
Goldplat (GDP) has announced an “Operational Update” for the three months ended 30th September, with CEO Gerard Kisbey-Green “very pleased with the progress made on all areas of strategic focus as we continue to improve our operational efficiencies, increase processing capacity and ultimately build our profitability”…
Outgoing Goldplat (GDP) Chairman Brian Moritz considers it “a pleasure to be able to report an improvement in both the production and profitability of Goldplat, led by the recovery operations”, though the shares are currently unchanged on the day at 5.75p…
Previously writing about Goldplat (GDP), I noted it remained on my watchlist ahead of further updates – including one the company stated would be “in the near future” on the final quarter of its year ended 30th June 2016. This update has now arrived…
Shares in Goldplat (GDP) are currently more than 9% higher, at 6p, on the back of a “Trading update” announcement. The following reviews after previous comment from myself last month…
Having been rising nicely from a start-of-the-year sub 3p, this recent trend in the shares of Goldplat (GDP) has been de-railed somewhat currently today on the back of an announcement which includes that “the company is not yet in a position to advise whether its annual results for the year ended 30 June 2016 will be in line with market expectations”. Hmmm…
Oh dear, Surely not any more scandal on the world's most successful growth market that is the 100% rigged AIM Casino. Oh yes...I fear that is the case. Step forward the St Brides PR agency and Goldplat (GDP).
John Meyer of SP Angel this morning comments on Goldplat (GDP), Lonmin (LMI), Kaz Minerals (KAZ), North River Resources (NRRP) and Petra Diamonds (PDL) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond
John Meyer of SP Angel this morning comments on BHP Billiton (BLT), Goldplat (GDP) and Minera IRL (MIRL) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
Loss-making Goldplat (GDP), the AIM-quoted outfit which specialises in recovering gold from other companies’ mine waste in South Africa, Ghana and elsewhere, is celebrating a pre-payment deal with New Jersey-based metal trader Auramet. This has enabled the company, whose losses rose threefold to £796,000 in the year to June on turnover down by a third to £16.6 million, to receive $1.4 million (£920,000) for a backlog of material sold to Aurubis AG of Hamburg, the world’s largest recycler of copper, which also handles gold and other materials.
Gerard Kisbey-Green, chief executive officer of Africa-focused gold recovery and mining specialist Goldplat (GDP), says the company is looking for ‘mining and other assets’ in what he declares to be ‘an ideal market for mergers and acquisitions’ in the wake of a more than threefold increase in annual losses to £796,000 on turnover down 33% to £16.6 million. Having taken over the top job in February, Kisbey-Green, a South African mining engineer and financier, insists the AIM-quoted company, still chaired by entrepreneurial sector veteran Brian Moritz, is on the way back to profitability, having beefed up its operations, spanning South Africa, Ghana and Kenya, and hopes eventually to derive half its revenues from mining, currently very much a minority contributor.
Featuring shares of Churchill Mining (CHL), Goldplat (GDP), Motif Bio (MTFB), Solo Oil (SOLO), Tern (TERN), Vast Resources (VAST), together with some share price targets.
A month ago I wrote Goldplat (GDP) was “playing with fire” with its sneaky profits warning. I suggested a fundraising was on the way. My article drew a fair amount of criticism from some long-term holders, but events since suggest that the company is gearing up to dilute its shareholders.
This morning Goldplat (GDP) issued a profits warning, though not that you can immediately tell this from reading the RNS. I’ve got to put my hands up here and admit I initially fell for the PR spin, when I was doing the regular cycle through the RNS roll call. Goldplat’s update strikes a very positive tone and there are no figures included in it. The company also avoids direct acknowledgement of what this announcement truly is. However, on careful inspection, it is clear that this is a warning of trouble to come.
Shares in gold recovery from by-products of the mining process-focused AIM Listed Goldplat plc (GDP) currently trade 6.5% lower, at 3.625p, on the back of an update including that “deliveries of concentrates were not made to Goldplat's third party refinery as a result of temporary industrial strike action and subsequent delays at the refinery”. The following updates on this latest disappointment from the company.
Ian Visagie, chief executive officer of gold recovery specialist Goldplat (GDP), says the company is moving fast to enhance profitability and expand and diversify its business after turning a £207,000 pre-tax profit into a £248,000 loss in the year to June on turnover down 27 per cent to £21 million. Focused chiefly on South Africa and Ghana, Goldplat, which extracts gold from mining waste, such as wood chips, mill liners, fine carbon, sludge and waste grease, suffered from a falling gold price in 2013-14, with operating profit before finance costs plunging from £2.6 million to £153,000 and its shares at 3.5p are down from a year’s high of 8.5p and a 2006 float price of 7.5p.
Goldplat (GDP) has been in decline since mid-2012, but now seems to have settled at its lowest point in more than five years and could be worth a look. The AIM-listed company is actually profitable and debt-free through its gold recovery businesses in South Africa and Ghana (although not overall). However the share price now sits at around 4p, leaving Goldplat with a market cap of under £7 million, a far cry from the highs of over 16p in 2012.
Shares in Goldplat plc (GDP) have continued to disappoint since I last updated on this site HERE – most recently not helped by a 13th June warning that the company expects its operating profit for its year ended 30th June 2014 to “be materially below market expectations”. With the shares having recovered slightly from recent lows to a current 4p, I reassess the situation.
After serving up a series of utterly dismal trading statements, the new management at Goldplat (GDP) has today served up something of a corker…in relative terms. That has prompted broker SP Angel to recommend the shares as a buy at 4.5p with a 12p target.
Ian Visagie, who became chief executive officer of Goldplat (GDP) six months ago, sounds confident as he surveys the challenges and opportunities facing the Africa-focused gold recovery and mining company. It declared a £2.9 million loss for the six months to December. ‘We will not post a loss for the full year,’ he confidently assert, pointing out that £2 million of the interim deficit related to asset value impairments caused by currency fluctuations.
In a full note published after the announcement of (weak) interim results today by Goldplat (GDP) its house broker SP Angel argues why the worst is behind the gold miner and why the shares, at 5p, are worth 12p.
Shares in operator of gold recovery plants in South Africa and Ghana, Goldplat plc (GDP) trade only just above lows of 5p following the company updating last month on a “difficult” half year to 31st December 2013 and that it expects “operating profit for FY 2014 to be materially below operating profit for FY 2013”. However, as the company “looks forward to H2 2014 with renewed confidence” and with the shares having fallen from more than 16p as recently as the final quarter of 2012 and 6.75p before the announcement, is there currently value here?
The resignation of Goldplat (GDP) CEO Russell Lamming announced today and sees to have surprised even house broker SP Angel. But the broker stiull reckons that the shares are a buy at 8.5p and are worth 18p. It is not altering its forecasts.
On Monday, Goldplat (GDP), the AIM-listed African gold producer, rather disappointingly warned that “EBITDA for FY2013 is likely to be materially lower than market expectations”.
Notwithstanding its profits warning earlier this week AIM listed gold producer Goldplat will maintain its dividend claims house broker SP Angel and thus at 7p the stock yields 8.6%.
SP Angel is house broker and Nomad to Goldplat (GDP) so taking the attached note with a pinch of salt makes some sense.
Following yesterday’s trading statement from Goldplat (GDP) house broker VSA Resources has reiterated its buy stance on the stock at 10.25p with a 21p target price.
The recent particularly horrid sentiment towards the natural resources sector has – as noted in my recent piece on Archipelago Resources – impacted even the rare profitable and dividend-paying AIM-listed sector constituents.
Goldplat (GDP), the AIM-listed gold recovery specialist, has announced the signing of a binding memorandum of agreement with its Black Economic Empowerment partner to increase the latter’s interest in the company’s South African gold recovery subsidiary to 26% (from a current 15%) as required by 1st May 2014 by South African legislation.
Search ShareProphets |
Recent Comments |