Goldplat (GDP LN) - Fair value uplift as profits rise and growth opportunities realised

This week’s Q4 operating results from Goldplat reflected encouraging progress, with an outstanding quarter in Ghana and the company’s highest operating profit in five years. 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 one in Ghana. The company is cash-generative with an effective management team, strongly focused on growing the business. Following the rece

Goldplat (GDP LN) - Strong Q4 operating results

Goldplat today publishes its Q4 operating results for the period ending June 2024. As a reminder, Goldplat is a unique processor of the by-products produced as a result of mining, recovering gold and other precious metals from raw material generated by other producers; and acting, in our view, as a service provider to the mining industry from its two plants in Ghana and South Africa. Overall it generated its highest gross operating profit since the beginning of 2019 (see Exhibit 1), outperforman

Goldplat - Q3 results. Maintaining improvements

Goldplat today reports its March quarter results (Q3 FY 2024). Headline operating profits from its two gold recovery plants, in South Africa and Ghana respectively, was £1.6m (Q3 FY 2023 £1.5m) which led to a PBT for Goldplat of £0.9m (£1.7m) for the quarter. Profit was driven by Ghana (£1.5m) with the remainder from South Africa (£0.1m) – with the nine-month total for both operating plants up to a gross operating profit of £5.0m (£4.8m). Cash balance at the end of the quarter was £2.4m – up fro

Hybridan Small Cap Feast - 19 April 24

19th April 2024 * A corporate client of Hybridan LLP ** Arranged by type of listing and date of announcement *** Alphabetically arranged **** Potential means Intention to Float (ITF) has been announced Dish of the day Admissions: Delistings: What’s baking in the oven? ** Potential**** Initial Public Offerings: Reverse Takeovers: 16 April 2024: Electric Guitar (ELEG.L) Concurrent with its Admission to trading on AIM, Electric Guitar is proposing to acquire the entire issued share capital of 3radi

Hybridan Small Cap Feast - 11/04/2024

11th April 2024 * A corporate client of Hybridan LLP ** Arranged by type of listing and date of announcement *** Alphabetically arranged **** Potential means Intention to Float (ITF) has been announced Dish of the day Admissions: Delistings: Loopup Group (LOOP.L) has left the AIM market. What’s baking in the oven? ** Potential**** Initial Public Offerings: Reverse Takeovers: Change of Market: TheWorks (WRKS.L) a multi-channel value retailers of books, arts and crafts, stationery, toys and games,

Hybridan Small Cap Feast - 25 Mar 24

25th March 2024 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment object

Goldplat (GDP) - Goldplat interims (H1 FY24) for the period ending December 2023

Goldplat is a precious metal producer from the by-products of mining and plant clean-up with plants in South Africa and Ghana and a process to purchase a warehouse in Brazil. It today provides its interim figures for H1 FY2024 (ending Dec 2023). Eps is reported at 0.7p/sh (from 1.0p in H2 FY2023). Despite the headwinds in period from electricity issues in South Africa, slow turnaround from smelters in Europe, lower-than-expected gold in the gravity circuit in SA and sell down of inventory in

Goldplat plc (GDP) – Q2 results. Good and bad

A disappointing quarter from South Africa which has usually been a very steady operation for Goldplat. We expect the problems in the quarter not to be a regular occurrence, given the long history of profits, but we reduce our FY expectations from a Gross Profit of £9.5m to £7.5m reducing our eps from 2.0p/sh to 1.0p/sh, which still leaves £1.5m in cash by year end. We will look to update our numbers when we have more clarity on the timing of the re-processing of the TSF and any update on the c

Hybridan Small Cap Feast: 07 Feb 24

7th February 2024 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment obje

Goldplat (GDP) - FY23 audited figures – Solid plans and consolidating year despite headwinds

Goldplat is a precious metal producer from the by-products of mining and plant clean-up with plants in South Africa and Ghana. It today provides its final year figures for FY2023 (year ending June 2023). Eps is reported at 1.7p/sh (from 2.1p in FY2022). FY2023 was a successful year despite headwinds from electricity issues in South Africa, slow turnaround from smelters in Europe and a delay in the export licence in Ghana. Goldplat made the most of its flexibility and delivered a Group profit

Hybridan Small Cap Feast - 10 Nov 23

10th November 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment obj

Goldplat - Q1 2024 update

Goldplat today provides an update on its Q1 operating update for the period ending September 2023. Goldplat recovers gold and other precious metals from the wastes produced as a result of mining, operating two recovery plants: one in South Africa and one in Ghana. Today's results are strong with operating profit of £1.87m for the quarter (£1.92m in Q1 2023 and last quarter Q4 2023 of £1.19m) with £0.76m from South Africa (£0.98m / £0.75m) and £1.11m (£0.97m / £0.44m) from Ghana. Goldplat retaine

Goldplat - Operating results for the quarter ending 30 June 2023

Goldplat, the Mining Services Group with operations in South Africa and Ghana, today reports operational results for the quarter ending 30 June 2023.

Goldplat plc (GDP) – Corporate – Management and operational update

Goldplat, the gold recovery business with operations in South Africa and Ghana, today reports that Douglas Davidson, an experienced operations manager and metallurgical engineer has joined the Group management team. Further, a decision has been made to acquire diesel generators that will maintain South African operations during power outages on the national grid. In Ghana the Gold Recovery licence has been renewed and gold exports have commenced.

SP Angel Morning View: Gold holds steady as dollar sell off pauses as investors gauge strength of US economy

SP Angel Morning View: Gold continues to bounce off all-time highs before US inflation data

SP Angel Morning View: Copper strengthens as BHP calls for ‘flyup' pricing environment following 2025 surplus

SP Angel Morning View: Ganfeng joins lithium majors in delaying growth projects as supply glut continues

PANMURE LIBERUM: Synergia Energy: Indian Summer

H1 24 - Shaikan performing well, local market robust

Morning Note – 19 August 2024

THE MONTHLY January 2020

The Office for National Statistics (ONS) is due to publish its most up-to-date survey on share ownership in mid-January, which identifies the beneficial owners and decision- makers of the stock market. Hardman & Co has worked together with the share analysis service, Argus Vickers, to jointly produce its own survey, which anticipates the conclusions of the ONS survey but goes into much greater detail. Our work does not use a sample of 200 quoted companies as the ONS historically has, but rather

Jubilee Metals (JLP LN) - Jubilee secures power in Zambia - strengthens ESG credentials

Jubilee today announces that it has signed a 3-year renewable power agreement with Lunsemfwa Hydro Power Co (LHPC). The agreement will provide all of the power needs for the Sable copper refinery and the Roan concentrator with an additional agreement that Jubilee can purchase a further 10MW of solar power to provide electricity as it expands its operational footprint in Zambia. We see this as a great deal for Jubilee as it secures power and reduces any outages (providing both extra security and

Beowulf Mining (BEM LN) – Initiation Note – BUY – Supporting Scandinavia's Green Transition

Beowulf is an AIM/Spotlight-listed developer of two flagship assets; Kallak, a high-grade iron ore project in Sweden and the Grafintec Graphite Anode Materials Plant. The Company's Kallak North project has the potential to produce 2.5mtpa of high-grade, premium iron ore concentrate suitable for the growing green steel industry in Sweden. Additionally, Grafintec's Anode Material Plant Project is well positioned to serve the growing EV battery supply chain in Europe, whilst supporting EU plans

i3 Energy* (I3E LN) - 2H24 capex programme to restore growth

i3 Energy* (I3E LN) - Energy Flash Note - 2H24 capex programme to restore growth

Hybridan Small Cap Feast - 21 Feb 23

21 February 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment objec

Hybridan Small Cap Feast - 28 Apr 23

28th April 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment object

Hybridan Small Cap Feast - 14 Jul 23

14th July 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment objecti

Morning Note – 27 June 2024