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GFM Griffin Mining Limited

113.25
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Griffin Mining Limited GFM London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 113.25 16:35:18
Open Price Low Price High Price Close Price Previous Close
113.00 113.00 115.00 113.25 113.25
more quote information »
Industry Sector
MINING

Griffin Mining GFM Dividends History

No dividends issued between 29 Mar 2014 and 29 Mar 2024

Top Dividend Posts

Top Posts
Posted at 28/3/2024 07:04 by alangriffbang
zoo good morning it’s nice and sunny at the moment ,Perseus had a good rise I hope the gold shares will be up today ,no nasty turns last night rose posted then everything stopped, some of my London friends are coming today for the weekend there will be plenty of food and intelligent conversation, my new hearing aids seem ok the test will come this morning when it gets noisy ,you have a good day and hope GFM maintains its price ,
Posted at 27/3/2024 07:03 by alangriffbang
zoo good morning another useless clown blocked ,zinc was down overnight it will affect the price of GFM in the end ,Perseus didn’t move ,AAZ rose yesterday but it never goes up two days on the trot bit like GGP, weather not very good am going to have my new hearing aids fitted today I hope they are worth it, you have a good day good luck
Posted at 27/3/2024 06:59 by alangriffbang
Astro1vision where is your input on GFM I’ve searched but I can find it ,I’ve put you on ignore now I had high hopes of some decent posts from you alas they never came ,bye bye ,
Posted at 22/3/2024 15:47 by theapiarist
Astra.

Everyone on here knows the details of my holding and trades in GFM. And from time to time myself and others offer our opinions on matters pertaining to this company when and if there is something worth reporting or discussing.

However, you may recall that I did express an interest in YOUR opinion on GFM.

To date there has been no response from you other than to repeat yourself.
Posted at 18/3/2024 22:10 by theapiarist
Sage

You made a good point earlier, which seems to have passed unnoticed.

Some of the pessimism regarding China is based on it's failure to recover to pre-covid levels of growth and large bankruptcies in the construction industry.

However, this year it is anticipated that they will achieve 4% - 5% growth. How many western economies can make that claim?

China is the largest user of Zinc in the world and GFM is a Zinc miner based in that country. It is also an extremely good Zinc miner! And will become better still once Zone II is fully operational.

Unlike many/most businesses GFM has an assured market for it's products with no need for expensive corporate or product advertising.

The product is dug up, milled, auctioned and, after payment, collected by the customer. What a great business model!

To be sure there are political tensions which account for the low rating. But they cannot conceal the profitability of the business.

Your risk tolerant clients could do a lot worse!
Posted at 18/3/2024 19:36 by sageman
Hi all, the share price has risen nicely and I note the many comments here . Also, just to add, I don’t know if anyone has noticed but the Chinese market has suddenly improved. It is the top performing major market over the last month. We have recently added China exposure for higher risk clients. GFM does not operate in a vacuum. Perhaps some of the rise is systemic as opposed to being GFM centric. GLA
Posted at 13/3/2024 13:20 by alangriffbang
farmer George you are becoming the fifth troll,I will talk about GFM when there is something to say, news is very infrequent in fact most of the time there isn’t any, I’ve locked in my shares until the company is sold off which may lead to exciting times, if you need to know information on GFM may I suggest you ask zooman or sage, they are the most clued up, good luck to you,
Posted at 12/3/2024 12:35 by rose_by_another_name
FG- If you reveal your trades or even opinions about shares
in this forum, a couple of malicious posters will use the
information, in distorted form, to attack you. So I have
stopped talking about my holdings. I think GFM needs a
dividend program to make it attractive to a wider range of
investors. This opinion draws fire from a certain foul-mouth
on the forum.

FB- Our moderator still posts on ADVFN occasionally, but no
longer visits this forum nor tries to manage it. You could
always try a personal message.
Posted at 10/12/2023 13:41 by theapiarist
Hi Sage. Certainly, the two year period covered by my chart shows little correlation between GFM share price and Zinc (-10.5% and -27.3% respectively).

However, we are dealing with a basket of metals rather than one alone.
The corresponding figures for Gold and Silver are +12.6% and +5.2% respectively.

I haven't done a proper comparison taking into account the relative volumes and prices of the individual components of the "basket", but clearly the r factor for the basket would be larger than that for Zinc alone and that GFM is more systemic than you imply.

Having said all that, I agree that there are additional unique GFM centric factors at work. Firstly, the buybacks which at worst cannot do any harm but at best may do some good, small though that may be!
Secondly, as you say, the possibility of interested party or better still parties plural showing an interest in buying the company.

Hopefully, these factors will keep the share price from penetrating my support line and maybe strong enough to propel it to the resistance line in the medium term.

PS

Since my holding, like my others, is held in an ISA, tax issues shouldn't be a personal concern. But, as you say, they may be a factor in the timing of any sale.

A small niggle would be if any offer wasn't 100% cash with the balance being in the form of securities which didn't qualify for inclusion in an ISA wrapper.
Posted at 10/12/2023 09:52 by sageman
I have looked again at your chart Mr Bee. Normally GFM has a strong correlation with zinc but this does not apply here. Similarly there is no correlation with the broader Chinese market.The chart is therefore not systematic it is GFM centric suggesting that other than buy backs there is a level of interest building here, albeit small. My own view is that GFM will be bought out and sooner rather than later. We have our US holders but the stock is listed in the U.K. so we need to look at U.K. issues. I am told that Labour may align CGT and income tax rates. On a company sale you essentially get the value of the company plus the cash ( hence why they don’t draw the cash as dividends in the period prior to a sale). Ok we haven’t had a dividend for years, lol!😂. That aside if they are looking for a sale it needs to be in the next year ( 20% CGT vs 45% income tax) prior to a labour government. All IMHO . GLA

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