Analyst Research Report Snapshot

Title:

GOLDPLAT - BEE TRANSACTION HIGHLIGHTS VALUE

Price:

$10.00

Provider:

Edison Investment Research

Date:

24 Apr 2013

Pages:

1

Type:

AcrobatPDF

Companies referenced:

GLDP.L

Available for Immediate Download
Summary:

Goldplat has announced that its South African gold recovery subsidiary, GPL, has signed a binding agreement for its BEE partner, Amabubesi, to increase its stake from 15% to 26%, achieving full compliance with South African BEE legislation well in advance of the May 2014 deadline. The £16.0m implied value of Goldplat’s residual 74% interest in GPL plus consideration represents 95% of Goldplat’s current market cap. We forecast that GPL will contribute 40% of Goldplat’s FY14 attributable profit.

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