Stock data
| Market cap. | £24.1m |
| Last close | 14.37p |
| High / Low (52 weeks) | 15.0p / 9.9p |
| Stock market listing | AIM |
| Forecast net cash (£m) | 1 |
| Forecast gearing ratio (%) | N/A |
| Team | Resources - Mining |
| Sector | Mining |
Price performance
| % | 1m | 3m | 12m |
|---|---|---|---|
| Actual | 36.9 | 23.66 | 33.72 |
| Relative * | 30.4 | 15.44 | 38.03 |
* % Relative to local index
Other companies covered in sector
| Y/E Jun | Revenue (£m) | EBITDA (£m) | PBT (£m) | EPS (p) | P/E (x) | P/CF (x) |
|---|---|---|---|---|---|---|
| 2010A | 10.7 | 2.5 | 2.2 | 1.58 | 9.1 | 11.3 |
| 2011A | 19.6 | 3.4 | 3.1 | 1.63 | 8.8 | 25.8 |
| 2012E | 25.4 | 5.5 | 5.2 | 2.51 | 5.7 | 36.1 |
| 2013E | 25.9 | 6.1 | 5.7 | 2.62 | 5.5 | 5.0 |
Last updated on 23/01/2012
Latest research
Kilimapesa gold pour
Update | Mining | 20/01/2012
Production and profit increase
Update | Mining | 05/10/2011
Post-close update
Update | Mining | 25/07/2011
Permission at Kilimapesa
Update | Mining | 16/02/2011
Nyieme, Banka & Wassa
Update | Mining | 17/12/2010
FY10 results
Update | Mining | 23/09/2010
Operational update
Update | Mining | 12/08/2010
Mining lease advances
Update | Mining | 29/07/2010
Investment summary
Goldplat has announced it has poured first gold at its Kilimapesa gold mine in Kenya after successfully commissioning the elution plant that allows Kilimapesa to smelt and produce gold bullion on site. This first pour is a significant milestone towards forecast production of 3,829oz of gold in the first year, and 10,000oz per year thereafter. The focus for Kilimapesa is now to increase the JORC resource at the project towards 500,000oz of gold and increase the plant capacity to 3,000 tonnes per month. This should be a significant catalyst for value generation for Goldplat in FY12 (see our 5 October 2011 update note).
Last updated on 20/01/2012
Industry outlook
Goldplat is worth 18.2p per share if it processes its existing stockpiles and up to 30p if it replenishes stockpiles indefinitely (excluding potential for exploration success). Shares are currently trading at around 11.6p. Gold remains an attractive prospect for investors with the price at $US1,690/oz.
Last updated on 09/12/2011
Key management
| Brian Moritz, Chairman |
| Demetri Manolis , CEO |
| Ian Visagie , FD |
Company address
| 36 Dover Street London WIS 4NH United Kingdom +44 (0) 20 7318 0459 View website |
