Goldplat (LON:GDP) - Tracking the gold price
Mar 08th 2013 - Edison Investment Research today published a report on Goldplat (GDP.L, LSE:GDP, LON:GDP) entitled "Tracking The Gold Price". In summary, the report says:
Over the past five years Goldplat has operated an increasingly cash generative gold recovery business in South Africa and Ghana that has allowed it to become a market leader in this type of operation. The cash flows generated from these gold recovery businesses have been used to invest in and develop greenfield gold mining in Kenya, Ghana and Burkina Faso, with the Kilimapesa mine in Kenya achieving its first gold pour in January 2012. Following extensive research in West Africa, it was reasoned that a third centralised recovery should be built. Consequently Goldplat has registered a new trading company, Midas Gold SARL and feasibility studies are underway to establish an initial plant in Burkina Faso. Goldplat has the ability to...
Edison Investment Research is a leading international investment research company. It has won industry recognition, with awards both in the UK and internationally. The team of 95 includes over 60 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 400 companies across every sector and works directly with corporates, fund managers, investment banks, brokers and other advisers. Edison’s research is read by institutional investors, alternative funds and wealth managers in more than 100 countries. Edison, founded in 2003, has offices in London, New York and Sydney and is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). more »
