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GFM Griffin Mining Limited

132.00
-1.00 (-0.75%)
26 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Griffin Mining Limited LSE:GFM London Ordinary Share BMG319201049 ORD $0.01
  Price Change % Change Share Price Shares Traded Last Trade
  -1.00 -0.75% 132.00 277,815 16:35:15
Bid Price Offer Price High Price Low Price Open Price
130.00 134.00 136.00 131.00 135.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec USD 146.02M USD 15.24M USD 0.0829 15.80 244.35M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:15 O 16,818 131.846 GBX

Griffin Mining (GFM) Latest News (1)

Griffin Mining (GFM) Discussions and Chat

Griffin Mining Forums and Chat

Date Time Title Posts
26/7/202417:04GRIFFIN Mining - Chinese Zinc & Gold (Moderated)75,125
10/7/202413:44Zinc & Gold with some Silver & Lead2,699
07/12/202321:28Chinese dragon and Sageman 13
16/1/202115:51GFM UPDATE11
23/4/202015:46Mud suckers 2

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Griffin Mining (GFM) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-07-26 16:18:29131.8516,81822,173.85O
2024-07-26 16:15:00133.5060,00080,100.00O
2024-07-26 15:35:15132.00120158.40UT
2024-07-26 15:24:01131.002,8253,700.75AT
2024-07-26 15:24:01132.005,5187,283.76AT

Griffin Mining (GFM) Top Chat Posts

Top Posts
Posted at 27/7/2024 09:20 by Griffin Mining Daily Update
Griffin Mining Limited is listed in the Miscellaneous Metal Ores,nec sector of the London Stock Exchange with ticker GFM. The last closing price for Griffin Mining was 133p.
Griffin Mining currently has 183,719,927 shares in issue. The market capitalisation of Griffin Mining is £240,673,104.
Griffin Mining has a price to earnings ratio (PE ratio) of 15.80.
This morning GFM shares opened at 135p
Posted at 26/7/2024 16:33 by jppp
Good luck Alan!

I've just sold just over 20,000. You may remember I wasn't keen for you to buy at about £1.50, I don't see the price action as positive and GFM is prone to large drops. I think the China recovery trade got over bought and it isn't clear that China is getting any better. Copper and zinc are softer, gold is doing well. As I said earlier this week, I may buy some silver. We may be going into a summer lull/drift with nothing to support the GFM price, so I've taken some profits.

The inconsistency I can't figure out is what happened to all those shares that were bought a few months ago, at higher prices. No one declared a declarable stake and we still have no idea what was behind all that price action. Whoever it was is unlikely to have disappeared. If I'm lucky I get to buy back in cheaper. I still think the chart looks like 2021 although that means nothing. Good luck to you.

MrB, it just gives me more time to look into copper!

Sage is quiet at the moment, probably basking in the sun. I am leaning towards profit taking and downside protection - I feel the potential for global weakness is increasing and central banks may be too slow while they focus on service/core inflation which is stubbornly high.

JPPP
Posted at 26/7/2024 14:39 by theapiarist
Indeed, JPPP. Copper prices are down along with the shares but I wouldn't say that they are struggling. In my opinion the medium to long term prospects remain the same ie very promising.

ATYM H1 results were viewed by many as disappointing with a resultant fall in share price However I remain 25% up and confidant that both the grades and Cu price will travel north in the medium term, carrying the share price along with them.

As you point out the GFM buyback, which some believed would put a floor under the sp, has proved a disappointment. One can't help but speculate on the response if GFM had implemented a dividend policy such as ATYM who return 30% - 50% of free cash flow to shareholders.
Posted at 10/7/2024 11:26 by jppp
Did anyone see that BMI have predicted a copper price of $17,000 a tonne in 2033, from about $9,000 today - due to constricted supply and small increase in demand? Not zinc I know, but I wondered if anyone else had a view on this? I quite like the suggested dynamic...

JPPP

PS Alan, FWIW I'm not sure I'd buy more GFM. We've been here before, the share price can be quite brutal. If we are honest we have no idea what is going on. Its a good company, we like it, which is why we are here, but it has down draughts from time to time. - clearly I have no more idea than anyone else... and you know your risk appetite
Posted at 20/5/2024 18:31 by zooman
This is why GDX will / could and does have have an effect of the GGP share price Everything that is currently happening will and does have sn effect on The share price Since the 29th April GGP is not far off doubling on the share price I know four holders on GFM that I have reached out to by PM with other information from EL have increased their holdings. As to my holdings that's my business I don't currently feel the need to talk or boast of my trades. .From Bamps21 on LSE..... With 34 tick ups. .One of the reasons it rose above 20p previously was the GDXJ getting their analysis of the free float incorrect..They did not take into account that HL and Interactive were nominee companies with are shares in them..Same goes for Barclays, Halifax, HSBC these have big nominee holdings..GDXJ had to go back into the market and buy..HL and Interactive have increased their holdings combined to over 20%, that's you lot. ?
Posted at 17/5/2024 14:22 by zooman
I rather liked these two paragraphs from the Chairman's statement.I feel that we will be seeing more buybacks from the company as it reduces shares being held. In preparation for a takeover etc, whatever happens the BoD will be well rewarded for a sterling job and savvy shareholders alike making good money. :-)He say's..Inevitably the question then arises how to deal with the excess cash being generated by operations. It was decided by the directors of the Company not only to continue with the on-market share buy-back scheme operated by the Company's Nominated Advisor, Panmure Gordon, but to also undertake an offer for larger blocks of stock held by institutional shareholders through the Company's joint broker, Berenbergs. As such, well over 10 million shares were acquired and then cancelled by 26th February 2024 at a substantially lower share price than currently quoted. It is expected both methods of buying back the Company's stock will continue in 2024, reducing the Company's shares outstanding and improving the Company's earnings per share. To this end, and although I rarely comment on the Company's share price, it has been pleasing to see the market finally seemingly begin to understand the inherent value of the Company and even perhaps the parlous state of the world mining environment... In that vein, I believe it appropriate to mention the very recent indicative proposal announcement by BHP in relation to Anglo-American, an attempt by BHP to acquire scarce copper assets. Although this may be a surprise to the market, it is a logical progression of the failure of the capital markets to support the mining industry, and in particular the junior miners, who overwhelmingly discover the orebodies needed to supply the world with the raw products needed for human existence. We have just begun to feel the effects of having rare resources and its expression in rising commodity prices. As Mark Burton at Bloomberg wrote recently, "A successful takeover would make BHP the biggest copper producer with about 10% of the market, but it won't make any difference toward meeting the world's supply needs. Production from existing mines is set to fall sharply in the coming years, and miners would need to spend more than $150 billion between 2025 and 2032 in order to fulfill the industry's supply needs, according to CRU Group......One key challenge is that new mines take years and often decades to build, 'There is a clear and compelling need for additional mine capacity to be brought online,' said William Tankard, principal analyst for base metals at CRU. 'The gauntlet is being laid down at the feet of the miners, and it's going to be exceptionally challenging to deliver." 
Posted at 09/5/2024 13:55 by theapiarist
At the end of last week I began reducing my holding and earlier today finished, selling a total 50% of my core holding at an overall average of 152p.

The buybacks after 6 weeks of nothing at a price 50% greater than they could have got at the beginning of the scheme seemed, to me, bizarre. Especially with the results due next week.

One possible explanation is that the results will not justify a share price in the 150p region. We know that Roger and others are anxious to sell their holdings, hence the present efforts to hold the share price at these elevated levels before what may be a mediocre set of results.

I hope this is not the case as I still have a decent holding.
Posted at 25/4/2024 17:02 by theapiarist
I think it is now proven that the GFM price never dropped to the 60s. We can now put that one to bed.

However I've always been curious about Zoo's comparatively recent claim to have sold with an average in the high 140s such as:-

#72484

"UP I started selling when it reached 168p and said so at the time. By the time I finished selling my holdings the average was in the upper 140p range".

Had that been any other poster we would take such a statement at face value. But my memory told me that Zoo sold in the 130p range.

Putting "130p" into the search facility shows that my 79 year old geriatric memory isn't playing tricks and that the drugs they feed me in my care home aren't causing me to hallucinate.

There are dozens of Zoo posts confirming this fact. Such as:-

#59770

"Amt if we are to see this possible 18 percent inflation things will get a lot tougher. I won't be surprised to see the sixties here and a buyout of GGP for 30p plus. I've always said we would / hoped we'd see the seventies here since I sold out at the 130p plus mark and was ridiculed by our troll and his faces. Today I may be proved correct along with a possible sell out of the company for around 125p at some point. Time will tell though."

I chose to print this particular post because, not only does it make a mockery of his claims of selling down from 168 to the 140s, but also several other interesting points such as:-

(1) confirmation of the 60s target;
(2) his prediction of a buyout of GGP for 30p+ (editors note: current price 5.5p);
(3) 18% inflation!! (editors note: current rate 3.8%);

and finally, (4) his prediction that GFM will be sold for around 125p (editors note: current price 146p).

Would you buy a second hand car or follow a share tip from this character?
Posted at 25/4/2024 08:45 by rose_by_another_name
Poor old zoo is watching the GFM share price surpass the price
at which he sold, and he never got back in because he
was waiting for 60 pence that never came.

Hard to believe his stories of clever trading when he
balls it up like that.
Posted at 19/4/2024 08:32 by theapiarist
Zoo.

Your original position was "25 percent OF the share price at the time of the bid".

Now you have changed to "25 percent HIGHER than the share price at the time of the bid"

I'm delighted to see that you, possibly, have finally grasped the point.
Posted at 19/4/2024 08:26 by zooman
Looks like gold could well go past 2400 again today. Someone will need to explain that to jockstrap. Given he can't understand a simple bid for the GFM may only be 25 percent higher than the share price at the time of the bid. Sage thinks 25 -50 percent but given its China I'm not so sure. I'm sure the Pathetic old jockstrap will continue to make himself look stupid again today sitting in front of his PC..EL reckons he bats for the other team hence bis infatuation with me. Poor soul. :-)).BTW jockstrap what was the price of the bid for SHG and what was the share price at the time it was announced, I think you will find it was a mere 6 percent higher.
Griffin Mining share price data is direct from the London Stock Exchange

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