WH Ireland: Goldplat (GDP) - Q4 and FY 22 operational update

Goldplat is a precious metal producer from the by-products of mining and plant clean-up. It today provides an update on its operational activities in Q4 ending June 2022 and a first indication of its yearly financials. The news does not disappoint as once again Goldplat has produced a record year. FY 2022 operational profit from its combined operations was £8.0m – up from £5.3m in FY 2021. We are looking for improved performance in FY 2023 with continued access to new materials (South America an

Hybridan Small Cap Feast 16/06/2022

*A corporate client of Hybridan LLP Dish of the day Joiners: No Joiners Today. Leavers: No Leavers Today. What’s cooking in the IPO kitchen? LifeSafe Holdings, a fire safety technology business with innovative fire safety products, intends to join AIM. LifeSafe has developed what the Directors believe to be market disrupting, eco-friendly fire safety protection products to both protect (via fire extinguishers) and detect (via carbon monoxide, smoke and heat alarms) fires. At the cent

WH Ireland: Goldplat (GDP) - Water licence achieved; Next stage in the plan to reprocess the South African Tailings underway

WH Ireland: Goldplat (GDP) - New fair value as profits increase and growth opportunities realised

Goldplat produces gold (plus minor silver and platinum group metals – PGMs) from by-products of mining and plant clean-up. It has two operating recovery plants – one in South Africa and a growing operation in Ghana. Goldplat is cash-generative with an effective management team, focused on growing the business. We recalculate our fair value today using a new methodology, incorporating forward projections of profitability, now that South Africa and Ghana seem on a steady path. Our new fair value o

WH Ireland: Goldplat (GDP) - Q3 update

Goldplat, the gold recovery experts, today provides an update for its third quarter ending March 2022. It was another strong quarter making progress on its client base in Ghana and its recovery plant in South Africa. Headline numbers were a profit for the two operations in the quarter of £2.3m (up 96% on Q3 2021 from £1.2m) with a year-to-date operating profit of £6.0m (£4.2m) – not including other costs (e.g. corporate and administrative head office costs).

WH Ireland: Goldplat (GDP) - Operational update for the half year ending December 2021

Goldplat today reports a strong half; it reports operating profit from its two plants of £3.8m up from £3.0m in the same period last year. At the end of the period, Goldplat had £1.5m in cash with a significant balance in inventory and debtors, with £3.8m in its operating entities. Goldplat is a unique business generating value from the wastes produced as a result of precious metal mining.

Goldplat (GDP) - Operational update Q1 FY2022

Goldplat today announces the results for Q1 FY2022. Headline figures were an operational profit in line with this time last year of £1.4m (Q1 FY2021 £1.4m). There was an increase in contribution from Ghana to £0.84m (£0.28m) due to a steady flow of material but with a reduced contribution from South Africa to £0.56m (£1.12m). The lower contribution from South Africa was due to a lower realised gold price in Rand terms and also maintaining unrealised profits at ~£1m (compared with the more usu

Goldplat (GDP) - Goldplat to toll treat ore for West Wits Mining

Intraday yesterday Goldplat announced that it would toll treat the first ore from Qala shallows (remnant ore from the Kimberely Reef from early mining operations close to the surface) for West Wits Mining (ASX:WWI: Mkt Cap £35m). Production will begin in February 2022 with tonnages of 8.5kt/month delivered to Goldplat's South African plant. This ore in the agreement is over and above the reserves outlined by West Wits Mining – who will build its own dedicated mill for its full 22 year (1.6Moz

Goldplat (GDP) - Robust, profitable, cash-generative business with a prospective dividend

Goldplat produces gold (plus minor silver and Platinum Group Metals – PGMs) from by-products of mining and plant clean-up. It has two operating recovery plants – one in South Africa and a growing operation in Ghana. The company is cash-generative with an effective management team, focused on growing the business. We reintroduce our estimate of fair value at 10.6p, based on a simple average of Goldplat's NAV and a 4x multiplier of current year EV/EBITDA (which is set at a slight discount to peer

Goldplat (GDP) - Increasing ownership in South African Recovery operation and dividend announcement

Goldplat announces an increased ownership in its South African subsidiary (Goldplat Recovery Limited) raising its ownership from 74% to 90.6%. Effectively, Goldplat will purchase the 15% shareholding of Dartingo Trading 161 and 7.3% of the 11% held by Amabubesi Property Holdings for ~£4.5m. In a related transaction, Goldplat will sell back 4.9% back to Mr Sango Ntsaluba – a related party who owns interests in Amabubesi and Dartingo for £0.8m (at the same valuation) into Aurelian Capital – Mr N

Goldplat (GDP) - Operational Update (3Q '21)

Goldplat announces a 9 month operating profit of £4.2m (3Q '20 - £3.8m) with an increase in profit in 3Q '21 of £1.2m (£1.0m); in Ghana profits rose to £0.7m (£0.2m) and there was a small fall in profit in South Africa to £0.6m (£0.8m) in 3Q ‘21. The biggest news in quarter, however, was the final sale of the Kilimapesa mine in Kenya allowing Goldplat to concentrate on its core gold recovery business. Goldplat had net cash of £2.1m at the end of March 21.

Small Cap Feast

Alphawave IP Group is considering an IPO on the standard listing segment of the London Stock Exchange. Alphawave IP is a leading semiconductor IP company focusing on the hardest-to-solve connectivity challenges created by the exponential growth of data. Funds and accounts managed by BlackRock, and Janus Henderson, have each entered into cornerstone agreements with the Company to subscribe for, subject to certain conditions, in aggregate, c. USD 510m of Offer Shares at an offer price representing

SP Angel Morning View: Copper prices and iron ore premiums hit new high levels

Bluejay Mining* (JAY LN) - BUY - Valuation 37.7p – 3,000m drill program scheduled for Enonkoski jv with Rio Tinto in Finland Chaarat Gold* (CGH LN) – Q1 operational summary and Tulkubash update Goldplat (GDP LN) – Sale of Kilimapesa gold mine completed KAZ Minerals (KAZ LN) – Bidders win shareholder support to take miner private

WHI First Light: Goldplat (GDP) - Completion of the sale of the Kilimapesa gold mine

Goldplat has announced it has completed the sale of the Kilimapesa Gold Mine in Kenya. Goldplat will receive $1.5m to be satisfied by cash or the issue of shares to that value in Papillion Holdings plc (LSE: PPHP – which will be renamed Caracal Gold upon completion) upon the admission to trading on the standard list of the London Stock. Of the $1.5m purchase price, a minimum of 30% ($0.45m) will be payable in cash and the rest in shares. If Papillion is not admitted to trading on the LSE by 1

SHORE CAPITAL - SAVANNAH ENERGY+ (SAVE) - BUY at 30p – New GSA with Notore Chemical Industries

WH Ireland: Jubilee Metals (JLP) - Operations and Projects Update for the six months to 30 June 2022

Jubilee today reported its unaudited operational results for the six-month period to 30 June 2022. Performance during the period has been boosted with the delivery of significant investment programmes (totalling c. £58m) at the Inyoni Platinum Group Metals (PGM) operation in South Africa and the Roan copper concentrator in Zambia.

Cenkos: Diversified Energy Company Plc -- Central Region Acquisition and H1/22 Results

Diversified has announced the acquisition of a portfolio of high-margin, low-decline upstream assets and related facilities in Oklahoma and Texas from ConocoPhillips for an estimated net purchase price of US$210m – an attractive 2.5x multiple based on an Adjusted EBITDA of US$82m. At US$210m, the net purchase price approximates a PV17 PDP valuation at the effective date and represents an attractive discount of c29% to the estimated PV10 using the NYMEX strip as at 25 July 2022. The assets includ

SHORE CAPITAL - TOUCHSTONE EXPLORATION+ (TXP) - House Stock at 98p – Approval of Cascadura Certificate of Environmental Clearance!

SHORE CAPITAL - Touchstone Exploration+ (TXP) - House Stock at 88p

WH Ireland: Pantheon Resources (PANR) - Spudding of Alkaid #2 Well

Pantheon Resources announced that it has commenced drilling operations for the Alkaid#2 well. WHI View: We are most excited about the Alkaid #2 well because its intention, amongst other things, is to i) test the depth of the Alkaid structure, which we believe is likely to increase the known scale of the resource, and ii) to production test a horizontal, multi-stage fractured well drilled into the formation – the first of its kind drilled by Pantheon in Alaska.

Sylvania Platinum - Excellent Q4 production but lower PGM basket

Sylvania Platinum is a safe, low-cost surface platinum group metals (PGM) dump re-treatment company operating in South Africa (SA). Its low-cost operations met production challenges in the first three quarters of FY22, but in Q4 recorded near-record production. However, PGM basket price pressures due to global recessionary concerns, and a modest tick-up in cost inflation, have resulted in a 12.5% reduction in our FY22 EPS forecast. Sylvania is still operating at a healthy margin of 41% on our FY

AfriTin Mining: Commissioning of Phase 1 expansion and progress on by-product pilot

AfriTin has provided an update on the Phase 1 expansion project, with major construction work now complete. Commissioning of the expanded crushing and screening circuits (“dry plant”) has commenced, to be followed by the ramp up of the concentrator (“wet plant”) during September. Current output is expected to expand progressively over four months. At the same time, the Company is fast-tracking the separation of lithium and tantalum by-products, with detailed engineering on pilot plants underway

Gulf Marine Services* - The corner has been well and truly turned

The corner has been well and truly turned

Hybridan Small Cap Feast 09/08/22

Dish of the day Joiners: No joiners today. Leavers: No leavers today. What’s cooking in the IPO kitchen?** Unigel Group, intends to join the Aquis Growth Market. Unigel Group is a pioneer in the field of thixotropic gels for the fibre optic cable industry. The Company is also a supplier of laminated steel tapes to the fibre optic cable industry in the US. Thixotropic gels and laminated steel tapes are essential components to the rapidly growing global fibre optic cable market. The Group exports

Hurricane Energy - Operational update

Operational update

Condor Gold: Final metallurgical results provide confidence in recovery rates ahead of awaited Feasibility Study

Condor Gold (“CNR”) has announced final metallurgical test results as it progresses towards completion of the full La India Feasibility Study (“FS”). The results show an average recovery rate of 92.6% is achievable over the life of mine (“LoM”). Net of losses in the plant, CNR has confirmed it will apply a 91% assumed recovery rate within the upcoming FS, consistent with the 2014 PFS and Oct’21 updated PEA. This an important tick in the box as CNR advances the project towards development, with t

LIBERUM: Thungela* - Chunky beat and chunkier dividend

LIBERUM: Atlantic Lithium* - Latest results continue to extend mineralisation beyond current resource

Hybridan Small Cap Feast 21-07-2022

Dish of the day Joiners: No joiners today. Leavers: No leavers today. What’s cooking in the IPO kitchen? Unigel Group, intends to join the Aquis Growth Market. Unigel Group is a pioneer in the field of thixotropic gels for the fibre optic cable industry. The Company is also a supplier of laminated steel tapes to the fibre optic cable industry in the US. Thixotropic gels and laminated steel tapes are essential components to the rapidly growing global fibre optic cable market. The Group export