Goldplat Share Discussion Threads

[sipptrader88] 05/5/2022 10:05

This Company should not be trading @ NAV......more like 5 x NAV = 40p

Might take a while to get there.....but assuming positive results continue over the next year.....it would not take me by surprise if we touched into the 30p range...!

GLA

[spaceparallax] 05/5/2022 09:43

Very pleasing results

[lowtrawler] 05/5/2022 09:41

Kimboy, if I read your numbers correctly, you think we're heading towards around £5m of attributable profits this year? That would be a fully diluted EPS of 3p. Even on a PER of 4, that would suggest 12p + cash + Caracal + TSF.

[shill10] 05/5/2022 08:48

there will be another few buybacks for sure now, like Kim says, let the dust settle then its still the best use for company cash, even more so after these results.

[dinky00] 05/5/2022 08:43

And yet the shares are trading at the same price as a couple of weeks ago!

[shill10] 05/5/2022 08:33

so we are looking at full year profit after tax of around £4.2 million. Wow. And that's before any contribution from TSF, plus we have cash + caracal shares of around £4 million, all for a market cap of £15 million. Still crazy cheap, buying more, not selling single share below 12p. Stripping out cash the p/e is still around 2 and that's before the TSF profits hit (and yes 8p a share is conservative, assumes about 25% recovery).

[arlington chetwynd talbott] 05/5/2022 08:25

Very solid - I wish all my precious metals plays were of this quality.

[kimboy2] 05/5/2022 08:23

I would have thought that they will wait to see what the price reaction to the announcement before they authorise further buy backs. Perhaps they have a figure of 10p in mind.

Didn't quite understand the TSF bit. Not sure why they have to transfer the TSF to the new TSF to send it down the pipeline. Perhaps they are going to do some beneficiation before they send it.

I make the numbers;

Q1/22 Q2/22 Q3/22 TotalOp Pr SA 0.564 1.344 1.627 3.535Op Pr Gh 0.839 1.012 0.659 2.51Op Pr Kil SA Tax 28% -0.157 -0.376 -0.456 -0.989SA Non con 9.5% -0.053 -0.092 -0.111 -0.256Ghana Tax 15% -0.152 -0.099 -0.178 -0.178 Finance -0.1 -0.1 -0.1 -0.3 Central costs -0.17 -0.17 -0.17 -0.51 PAT 0.798 1.466 1.548 3.812

[lowtrawler] 05/5/2022 07:59

Pog1234, we discussed on this thread a couple of months back. There are some key unknowns such as precise recovery percent and how profits will be shared with the processor. Best guess is GDP benefit by somewhere around our current market cap.

[shill10] 05/5/2022 07:58

GDP goes from strength to strength, just like Kimboy, Sea and I suspected back when it traded 2.5p. TSF news is the big one, that transforms he group and should add 5-10p per share in profits alone, market hasn't got a clue.

[pog1234] 05/5/2022 07:55

Does anyone have a view on how profit will be generated from the 82K ounces of gold in the TSF? Just a few hundred dollars in profit per ounce will contribute significantly to the profit of GDP!

[molatovkid] 05/5/2022 07:42

Ahh ok....fair enough. Will delete the post to stop anyone being misled.

[lowtrawler] 05/5/2022 07:38

Molatovkid, I'm sure someone will correct me if I'm wrong but I think the cash in transit will also trigger payments from us back to the suppliers and so it is only the margin which will feed through to net cash.

[pog1234] 05/5/2022 07:30

This is a very good result in my opinion. I could not have wished for more. When the TSF is in operation profits will increase even further. I would be surprised if the share price does not move significantly upwards today.

[lowtrawler] 05/5/2022 07:25

It really is amazing to see our market cap stuck under 14m. That's 1.5x operating profit after deducting net cash. Obviously zero value assigned for TSF.They likely couldn't renew the buybacks until today's announcement was out of the way. Let's hope they now carry on.

[lowtrawler] 05/5/2022 07:12

Results are wow!Heading towards around 8m operating profit for the year. 2m cash in hand. Getting close to a solution for the TSF. Expansion of PGM ability goes live this month.

[kimboy2] 03/5/2022 07:31

All quiet on the Western Front.

[lowtrawler] 29/4/2022 16:57

Kimboy, I think you're correct and they will now be through their £200k. Monday is a holiday and so renewed RNS on Tuesday hopefully.

[shill10] 28/4/2022 15:04

rand price of gold actually up 5% this month, since rand/$ has moved 10% in our favour, the market has missed this imo, focussing on the $ price of gold.

[spaceparallax] 28/4/2022 15:00

I'm a longtermer and have no intention of exiting; given our recent business health it would seem strange

[kimboy2] 28/4/2022 14:00

I reckon they will be through the £200k authorisation tomorrow. I was hoping for results and extension on Monday.

[dangersimpson2] 28/4/2022 13:29

It doesn't require a shareholder vote afaiaa. The company would need to request it from the Takeover Panel I think.

[lowtrawler] 28/4/2022 13:21

I think it comes under the Rule 9 whitewash requirements. As far as I know, it requires approval from the takeover panel, directors and shareholders but I could be wrong. If I were Martin, I'd simply sell into the buybacks retaining 29.9%. I'd treat it as a dividend.

I think they will probably need to extend the buyback programme middle of next week. They can still buy around 700k shares up to yesterday.

[kimboy2] 28/4/2022 10:50

I presume that they are going to have announce another buy back extension shortly.

If the price remains under 10p then the logic is going to hold up to the 10% that they are permitted to buy back.

It seems to me that there are probably a lot of long term holders who are pleased to get out with their money back, presuming they have. Each incremental increase in price will flush out further punters.

It would seem likely that Martin Ooi will get a waiver of some sort. Not sure on the procedure. Does it require a vote?

I would expect an ops update and the extension of buy backs to be announced together.