Goldplat plc (LON:GDP)

Goldplat plc (LON:GDP)


Share Price
3.05 p
Change
0 (0.00 %)
Market Cap
£5.11 m
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Goldplat plc

Goldplat is a profitable, African gold recovery services company with two market leading operations in South Africa and Ghana. Goldplat’s strategy is focussed on utilising its robust cash flow generated from flagship gold recovery operations in Africa to self-fund sustainable growth and expansion of niche gold recovery business model. The Company also has a small gold mining and exploration...

EPIC: GDP
Market: AIM:GDP
52-week High/Low: 6.200p / 2.075p
Sector: General Mining - Gold
Market Cap: £5.11 m
Website: www.goldplat.com
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Big Picture – A Deep Dive Examination of Goldplat plc


Goldplat plc Snapshot

Goldplat’s primary strategy is to build upon the successes of its profitable core gold recovery operations in South Africa and Ghana where the Company sees the potential for continued strong revenue growth and stable margins. Goldplat will continue to optimise its South African gold recovery operation and build its Ghanaian gold recovery operation to replicate the successful and mature South African operation, which sources by-products primarily from blue chip mining companies. In addition to this, Goldplat will continue to focus on crystallising value from its current gold mining and exploration portfolio.

Gold Recovery Operations

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Goldplat Recovery (Pty) Limited SA - South Africa

A leading, profitable, mature gold recovery business based in South Africa with strong blue-chip client base including AngloGold, Harmony and Goldfields. Processes by-products of the mining process including mill liners and wood chips to produce bullion.

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Gold Recovery Ghana Limited – Ghana

Goldplat’s junior gold recovery operation in Ghana benefits from its prime location in the west African gold belt. The plant is looking to replicate its successful first South African operation, by continuing to build contracts with major producers as well as signing toll processing agreements to enable significant gold production through the processing of tailings.

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Midas Gold SARL - Burkina Faso

Site acquired to potentially build a second west African gold recovery operation. 
 

Gold Mining and Exploration

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Kilimapesa Gold - Kenya

A small high-grade quartz vein underground mining operation, the project has a current JORC compliant resource of 649,804 oz of gold.

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Anumso Gold Project - Ghana

The Company has a 90% interest in the Anumso Mining Lease, a ten year renewable mining lease for gold and associated minerals covering an area of 29 sq km located in the highly prospective Amansie East and Asante Akim South Districts of the Ashanti Region of the Republic of Ghana

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Nyieme Gold Project - Burkina Faso

An early stage gold project based in the prospective Birimian Shield in southern Burkina Faso, with a resource 92,598 oz at 2.06g/t.

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South Africa & London.

Directors & Management

Matthew Robinson

Independent Non-Executive Chairman

Matthew is a high profile figure in the growth company arena, with extensive experience in mining and resources. Training as a Chartered Accountant, Matthew began his career at Binder Hamlyn and Touche Ross, the predecessor firm of Deloitte, before founding a business consultancy specialising in corporate turnarounds. He spent several years as the Finance Director and Company Secretary of Internet Music Shop, one of the first online music retailers. During his time, he managed its merger with European competitor Boxman.com, with turnover growing to over £12 million per annum, and was responsible for raising approximately £20 million of equity. He spent the last 15 years of his career as a Corporate Finance Director at finnCap and Panmure Gordon/Durlacher. During this time Matthew was responsible for establishing finnCap and Panmure Gordon's mining and resources investment businesses, in addition to his role as adviser to AIM and Official List companies on the London Stock Exchange. Moving to the nascent finnCap in 2006, Matthew was instrumental in its rapid growth, which saw it become the largest nominated adviser and broking firm, by number of clients, on the London Stock Exchange's AIM market. Training as a Chartered Accountant, Matthew began his career at Binder Hamlyn and Touche Ross, the predecessor firm of Deloitte, before founding a business consultancy specialising in corporate turnarounds. He spent several years as the Finance Director and Company Secretary of Internet Music Shop, one of the first online music retailers. During his time with the company, Matthew managed its merger with European competitor Boxman.com, with turnover growing to over £12 million per annum, and was responsible for raising approximately £20 million of equity.

Gerard Kisbey-Green

Chief Executive Officer

Gerard has built an expansive career in the mining and related financial industry, spanning over 30 years. After graduating as a Mining Engineer in South Africa in 1987, he gained extensive experience, ultimately working in various management positions for a number of the larger South African mining companies, including Rand Mines Group and the gold division of Anglo American Corporation. During this period, he worked on gold, platinum and coal mines primarily in South Africa and also in Germany and Australia.

Gerard subsequently spent 17 years in the financial markets, including five years as a mining equity analyst and 12 years in mining corporate finance. He has worked in South Africa and the UK for banks including JPMorganChase, Investec and Standard Bank. Gerard has extensive experience in IPOs, capital raisings, M&A transactions and deals covering a great diversity of commodities and geographic locations. He also has experience in Nominated Adviser, broker and advisory roles. He has worked extensively in Africa, particularly South Africa, Western and Eastern Europe, the Middle East, Far East, Central Asia and North America. After returning to South Africa as a Managing Director with Standard Bank in 2009, Gerard left the banking industry and joined Peterstow Aquapower, a mining technology development company, as CEO in 2011, before accepting a position in 2012 with Aurigin Resources Inc., a privately-owned Toronto-based gold exploration company with assets in Ethiopia and Tanzania, as President and CEO. Gerard joined Goldplat plc as a Non-executive Director in 2014 and took over the role of Chief Executive Officer in 2015.

Hansie van Vreden

Chief Operating Officer

Hansie is a qualified Metallurgist who has a solid understanding of the Company’s gold recovery operations having worked as General Manager of GPL, and Managing Director of GPL and GRG gold recovery operations. Prior to joining Goldplat, Hansie worked at several AngloGold Ashanti operations in South Africa and Australia, where responsibilities included working as the Production Metallurgist at AngloGold Ashanti's Kopanang Gold Plant in South Africa.

Ian Visagie

Executive Director

Ian is a Chartered Accountant who has worked in senior positions in the mining industry since 1990. He trained as a Chartered Accountant with KPMG in its Pretoria office. Having gained post-qualifying experience with KPMG he moved into a mining environment in 1990 when he joined Consolidated Modderfontein Mines Limited as Financial Manager, and Goldplat Recovery in March 1997 as Financial Director. Ian has been a Director of Goldplat plc since its admission to AIM in 2006.

Werner Klingenberg

Finance Director

Werner qualified as a Chartered Accountant with Deloitte in South Africa and he has accrued significant commercial experience, both within Southern Africa and at a wider international level. His extensive knowledge spans audit and financial management and systems. Having initially worked within the telecommunications and retail industries, Werner joined Goldplat in 2015 as Group Financial Manager. Within this role he was integral in managing Goldplat's financial affairs. With his knowledge and understanding of the Group’s operations, he was appointed to the role of Finance Director in 2017.

Nigel Wyatt

Independent Non Executive Director

Nigel is a graduate of the Camborne School of Mines. He has held senior positions in a number of mining and engineering companies, primarily in Southern Africa. He was the group marketing director of a De Beers group subsidiary supplying specialised materials, engineering and technology to the industrial and mining sectors, and commercial director of Dunlop Industrial Products (Pty) Limited, South Africa. He was CEO, at flotation, of AIM listed Chromex Mining Plc, subsequently sold under a takeover offer.

Sango Ntsaluba

Non Executive Director

Sango is the executive chairman and co-founder of NMT Capital, a diversified investment holding group and has built an illustrious career within South Africa, spanning over 30 years.This includes successfully founding Sizwe Ntsaluba Gobodo, one of South Africa’s ‘Big 5’ accounting firms. Alongside a distinguished auditing career, Sango has extensive corporate experience in areas that include logistics and the automotive industry. He currently serves as an independent board member of Barloworld Limited, a leading global industrial company listed on the Johannesburg Stock Exchange (“JSE”), with responsibility for chairing the group’s audit committee.He also serves on the boards of Pioneer Foods, a producer and distributor of a range of branded food and beverage products, as well as Basil Read Holdings Limited, a diversified construction company. Both of these companies are also listed on the JSE. Sango is the Chairman of the board of Goldplat’s subsidiary, Goldplat Recovery (Pty) Ltd.

Stephen Ronaldson

Company Secretary

Stephen is a partner in Druces LLP’s Corporate & Commercial team, with over 30 years’ experience in corporate law with a particular expertise in the mining and oil and gas sectors. Stephen acts as company secretary for several publicly listed companies.

Anton Roodt

Engineering Superintendent

Anton heads up the Engineering Department at our South African operation and oversees projects at other subsidiaries from time to time. He holds a N3 National Certificate in Engineering and is a qualified Electrician as required by the Mining Industry Engineering Trades Training Board. He has 25 years’ experience. Anton has been in the employment of AngloGold Ashanti since 1990 in various positions before joining Goldplat in October 2013.

Robert Smith

Consultant

Bob acted as the Managing Director of Goldplat's Gold Recovery divisions since July 2011. He has worked in the recovery of precious metals since 1984 and formally joined Goldplat Recovery in September 2003. He has a PhD in Chemical Engineering and a MSc in Business Administration and was previously responsible for marketing and technical matters at Goldplat.

He currently consults to the Group. He concentrates his efforts on Gold Recovery Ghana and the Kilimapesa mine whilst acting in a supporting role at the South African Subsidiary.

Neels Gebhardt

Production Superintendent

Neels started with Goldplat in 1998 as a Shift Supervisor and now manages our South African Plant. He has drafting and plant instrumentation qualifications and also assist the group from time to time on the planning, design and commissioning of capital projects.

Financial summary: Index AIM ALL

Status: AIM
Stock Code: GDP
Sector: General Mining
Financial year end: 30 June
Total issued share capital: 167,441,000 Ordinary Shares
Total voting capital: 167,441,000 Ordinary Shares
Percentage issued share capital not in public hands: 11.58%
There are no restrictions on the transfer of AIM securities

As of 2 November 2017, the following are registered as being interested in 3% or more of the Company's ordinary share capital:

Shareholder Number of Ordinary Shares % Holding
Martin Ooi 16,746,192 10.00
Chase Nominees Limited ( FIL Limited ) 14,913,000 8.91
HSDL Nominees Limited 13,424,179 8.02
TD Direct Investing Nominees (Europe) Limited 10,551,008 6.30
Fitel Nominees Limited 10,065,000 6.01
Vidacos Nominees Limited 9,182,504 5.48
Canaccord Genuity Group Inc 8,450,000 5.05
Global Custody 8,400,000 5.02
HSDL Nominees Limited 7,877,054 4.70
Hargreaves Lansdown (Nominees) Limited 6,126,300 3.66
Barclays Direct Investing Nominees Limited 5,747,085 3.43

 

South African office
Daveyton Road,
PO Box 40,
Benoni 1500,
South Africa
Tel: +27 (0) 11 749 6300
Fax: +27 (0) 11 749 6324
Email: [email protected]

Registered office
Salisbury House,
London Wall,
London,
United Kingdom,
EC2M 5PS Email: [email protected]

South African office
Daveyton Road,
PO Box 40,
Benoni 1500,
South Africa
Tel: +27 (0) 11 749 6300
Fax: +27 (0) 11 749 6324
Email: [email protected]

Registered office
Salisbury House,
London Wall,
London,
United Kingdom,
EC2M 5PS Email: [email protected]

Nominated Adviser
Grant Thornton UK LLP
30 Finsbury Square
London
EC2P 2YU

Tel: +44 (0)20 7383 5100

Broker
VSA Capital Limited
New Liverpool House
15-17 Eldon Street
London
EC2M 7LD

Tel 020 3005 5000

Public Relations
St Brides Partners Ltd
3 St Michael's Alley
London
EC3V 9DS
www.stbridesmedia.co.uk
Tel: 0207 236 1177

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