Share Name Share Symbol Market Type Share ISIN Share Description
Griffin Mining LSE:GFM London Ordinary Share BMG319201049 ORD $0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +9.00p +8.70% 112.50p 112.00p 113.00p 114.00p 104.00p 104.00p 949,841 15:59:13
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 53.7 8.4 2.7 45.4 201.42

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Date Time Title Posts
16/12/201711:48GRIFFIN Mining - Chinese Zinc & Gold (Moderated)26,804
08/9/201612:24Springerharrychris-
11/7/201610:06GRIFFIN MINING THE FREE THREAD424
20/3/201509:14Griffin Mining: Charts & News etc.152
14/5/201312:35GRIFFIN MINING 65 MIL CASH = 20p FOR REST OF COMPANY13

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DateSubject
16/12/2017
08:20
Griffin Mining Daily Update: Griffin Mining is listed in the Mining sector of the London Stock Exchange with ticker GFM. The last closing price for Griffin Mining was 103.50p.
Griffin Mining has a 4 week average price of 81p and a 12 week average price of 60.25p.
The 1 year high share price is 114p while the 1 year low share price is currently 49p.
There are currently 179,041,830 shares in issue and the average daily traded volume is 405,256 shares. The market capitalisation of Griffin Mining is £201,422,058.75.
14/12/2017
22:03
stephen2010: ALBA currently trading at 0.39p target price 6p making a nice 15 bagger. Please read the following: MARKET CAP PUZZLE ❖ Alba (market cap £8.4m) is in a resources neighbourhood populated with listed companies with much enhanced market capitalisations, such as UKOG.L (£134m) and JAY.L (£172m). With either shared project interests or adjacent tenements to these companies, Alba should trade at a much higher valuation than its current token value. Like Bluejay, Alba owns 100% of its ilmenite project. Direct comparisons with UKOG are also instructive. While both companies own other projects, UKOG’s 49.9% of Horse Hill Developments Limited (HHDL), when compared to Alba’s 18.1% means that Alba has approximately one third of the value of Horse Hill compared to UKOG but only about 7% of the market capitalisation. Once the market recognises these disparities, the room for growth in Alba’s share price is undeniable. VALUATION RATIONALE - Our valuation in this First Equity Limited initiation note uses a risked valuation approach for Alba’s two main projects, at Horse Hill and TBS. The Horse Hill licences are valued using independent published technical data from Schlumberger, Xodus and Nutech on the oil potential of the licences, along with our own assumptions on recovery rates, oil discovery value, resource and development risks factors. From this a risked value of $127m net to Alba on a ‘Base Case’ basis is derived for Horse Hill. Given the similar geology and economic potential of both TBS and Dundas, we have adopted a risked closeology valuation approach, by computing an NPV for Dundas of $223m and then applying a three-tiered risked probability calculation to arrive at a value of $54.7m for TBS. Once Alba announce its JORC resource and exploration target at TBS and Bluejay its Feasibility Study results, this number is likely to be revised upwards very rapidly, possibly up to $200m, representing up to 7p per share in additional shareholder value. We compute a valuation of $185m (£139m) for Alba, equating to 6.0p per share, of which 4.1p is attributed to the stake in Horse Hill, 1.8p for TBS. Given this analysis and wealth of valuation catalysts anticipated across the project portfolio in the coming months, we recommend the shares as a ‘BUY, with a Target Price of 6.0p, representing a potential 15 times plus uplift from the current share price.
14/12/2017
21:49
return_of_the_apeman: 19:43 Re: GFM, Now Debt Free, Throwing Off Cas... millwallfan As I have commented before my calcs suggest that the debt repaid in 2017 alone equates to about 18p per share. Apart from some additional capital expenditure to enhance the mine infrastructure and retaining some to start building reserves ready to increase production on licence issue then the obvious application of such profits in 2018 will be to announce a dividend. I would hope this would be a minimum of 6p but could be as high as 10-12p. Given the chairmans statement that the licence would enable production to double, with only revenue costs increasing accordingly, then the potential future profit COULD reach 40p per share so we could even dream of 20p dividend. The future is currently bright but with the licence is stellar. Presumably the chinese authorities will also benefit from the licence issue through increased tax revenues so a win,win . Let's hope there's no lonmin or glenmore type predator eyeing us up- but at least from this point of company stability and £1 share price any hostile bid would need to be at a significant premium - £1.50 - £2 I would guess.
14/12/2017
21:39
return_of_the_apeman: Could have cash pile of 28.8p per shr according to my forecasts for next year This from iii Tue 09:03 Re: GFM, Now Debt Free........ millwallfan The debt repayment this year equates to about 18 pence per share. Accepting companies never pay out all profit as dividend it must surelhttps://images.advfn.com/imagesnew/2/gb/nl/postreply.gify look like a dividend of 5 to 9 pence next year which on any sensible P/E ratio must take the share price up well over the pound - providing no major mine accident or significant drop in commodity prices. And then just imagine if the issue of the extended licence enables doubling of production with mostly fixed overhead costs and only increased variable the profit margin will be superb !!!!! But let's not get over excited eh. Lol
04/10/2017
12:38
bunlop: GFM share price on the move up again. However reported volume so far at 131438 is very low. Zinc also making new highs.
03/10/2017
10:05
bunlop: Zinc price on a run up. GFM share price is starting to move up today. Hope it is not more MM games.
05/8/2017
15:10
bunlop: Earnings per share for the full year could come in around 15p. Mining licence received "in the not too distant future" could double the throughput of ore next year as processing capacity is running at 50%. Earnings per share could top 30p next year at the current zinc price. So at todays 66p share price GFM could be trading on a forward P/E ratio of only 2.2 . The zinc price is expected to rise over the next year due to supply constraints which will only enhance the future results. By the end of next year GFM should be free of debt and back paying dividends. This is becoming a bet on the licence being forthcoming after a very long wait. Panmures 93p target will get a massive revision up if and when that happens. I would love to know how far away "the not too distant future is". Please tell me what I have assumed incorrectly as things are starting to look very promising after years of disappointments. Can't be right can it?
25/7/2017
12:23
happywanderer: Can anybody tell me where I can find or how to produce an overlay of GFM share price on Zinc price.
12/7/2017
09:33
roguetreader: Looking at previous company statements, I assume Ninkov is still sitting on 8,000,000 options at 30p, as he hasn't (to my knowledge / research) cashed any of them in yet. I assume he is looking for a higher share price to cash in at so that he feels suitably rewarded for the hard work he has put in that necessitated the issue of the options in 2015 to ensure such a valuable management figure was suitably 'incentivised and retained'. However, just to help him achieve his and the BODs target share price the BOD use shareholders cash to buy back shares to put a bottom under the share price This is obviously good news for all shareholders in the sense that the share price will (hopefully) continue to rise given the current fundamentals of the company, but doesn't deviate from the fact that the BOD continue to treat the ordinary shareholder badly.
25/1/2017
22:13
bunlop: Lots of zinc will go into the Wall. LME zinc stocks seem to be falling at a faster pace now. Hope every day now for a sharp move up in GFM share price through the 55p resistance but I do question if the licence will ever be forthcoming!
08/5/2015
13:16
celeritas: Rose, why do you stay invested then, makes no sense. For the first time in a lot of years zinc is running exactly right for gfm just as throughput increases. Zinc was low for a long time, why did you stay invested over this period. The gfm share price is dictated by throughput and the price of zinc, both are now very much in favour yet you still manage to moan.
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