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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Griffin Mining Limited | GFM | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 1.00 | 0.63% | 159.00 | 16:35:05 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 160.00 | 158.00 | 160.00 | 159.00 | 158.00 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
Posted at 11/10/2024 17:53 by zooman Alan, MATD, GGP and GFM are waiting games. GFM may well be sold at some point being in China is risky. The same with MATD given the Chinese influence there along with their relationship with Russia. GGP is the safer bet of the three but remains to be seen if we see a sell out. I would also imagine there'll be a share consolidation first. .Zoo |
Posted at 02/10/2024 17:13 by theapiarist JPPPAt a superficial level the drop from 7 to 5 after the deal announcement seemed overdone. OK, dilution on that scale is usually a bad omen for what is to follow and that was my immediate reaction along with that of Mr Market. But on closer inspection it appeared that perhaps the "price" being paid was being more than matched by the assets acquired and the potential for the sum of the combined parts greatly exceeding that of the individual components. This appears to have been confirmed by the bounce back to 7. Part of the cash raised was by way of a retail offer at 4.8p which hit investors accounts yesterday giving them an immediate gain and thus a temptation to realise a profit to mitigate any overall losses on their holding. I have no way of knowing, but this may account for the pullback to 6.2 that we have just witnessed. However, like you, I haven't been following this stock and there are a number of operational issues that I would like to get a handle on such as have they cleared the final aquifer and when do they hope to reach the ore body. Is the plant at Telfer equipped to deal with the type of ore coming from Havieron? If not how long and how much will it cost to install a new or modified circuit? What is the unit cost of transporting the ore the 40 miles from Havieron to Telfer etc etc. However, I'm sure that Rose knows a great deal more about GGP than anyone else on this board, I would welcome his input. PS You're correct in saying that there's not much to be discussed about GFM - at the moment. However the Q3 production report should appear next week. Given the state of the metal market, the continuing output record, falling treatment charges, Xi's stimulus to the Chinese market and much else, I would be amazed if Ninkov doesn't have something to tell us beyond mere production figures. Hopefully there will be plenty to discuss! |
Posted at 27/9/2024 12:35 by phillis Big dividend day todayIt would be nice to add GFM to that list given how much cash they are building up “What else are they going to do with it” I asked RG |
Posted at 24/9/2024 15:55 by theapiarist I've just been going through Adriatic's webinar, Phillis.One thing that struck me, which has relevance to GFM, came from the CFO's comments on today's metal market. He said that the metal market is very tight and that, and I quote, "this is the best time to be selling Zinc/Lead concentrates in the history of Zinc/Lead concentrates" and he specifically referenced exports to China in these comments. He claimed that Zinc treatment charges have come down from $240/tonne to NEGATIVE $40/tonne! Throw in further comments on precious metals and he seemed exceptionally bullish. Yesterday I sold my 50,000 holding in CARD for a nice profit. Perhaps I should invest the proceeds back into GFM! |
Posted at 22/9/2024 22:10 by theapiarist FGDuring your last visit (15th April just before you retreated from the "schoolboy name calling") we discussed PINE which I had earlier drawn to the board's attention. You concluded with the following:- "TheApriarist, thanks for your observations. Perhaps it's best to do some due diligence and jump in after the dividend has has been paid." Did you in fact decide to go ahead? With the benefit of hindsight we now know the answer to the question of the best strategy. Pre XD beat post XD which in turn beat post dividend payment. I bought stock pre XD at 0.386. The effect of the 0.245 dividend and 20x consolidation made this effectively 2.82 The current share price is 3.58 giving a rise of 27%. An investor buying post XD on 23rd April would have paid 3.11 or a greatly reduced rise of 15%. In fact, I increased my holding by reinvesting the dividend (a whopping 60% of the original holding) after the payment date at 3.18. Giving a further rise of 13%. |
Posted at 06/9/2024 12:30 by theapiarist Yes, Rose. Very odd to announce a programme and then do nothing. But as Phillis points out the interims may be out soon and they may pull a rabbit from the hat.Judging from the recent rise the market may be anticipating some good news. Maybe that will be the news that Zoo says he's been waiting for before buying. As for me, I've sold my "falling knife" purchase (cliché #3 "a profit is a profit") and invested the proceeds in Adriatic Metals (ADT1). Like GFM it's a multimetal resource but with the emphasis on silver and to a lesser extent gold. Recently started production, ramping up to nameplate levels by Q4. The grades are impressive compared to those found at GFM. Listed below is the comparison with GFM Zone II shown in brackets. Zinc 4% (3.4%) Ag 187g/t (27.8g/t) Au 1.4g/t (0.2g/t) Lead 3.3% (0.9%) Cu 0.5% Sb 0.2% Analysts seem to have a target price circa 250 compared to the current share price of 140. |
Posted at 20/8/2024 20:09 by zooman I see gold is still holding up above 2500. Clearly GFM is tracking commodity prices and no surprises. Low trades and no dividend on the horizon as well. .I have to laugh at the whining about dividends, why not invest in a share that pays one if it's so important, why waste your life?.MATD is still bouncing around which is great for day trading. Happy days. :-).Zoo |
Posted at 06/8/2024 10:36 by jppp Interesting chat thank you. I agree with the conclusions, really going on past performance and a finger in the air. Sorry about the hard drive! One Drive is th answer! I'm very happy to no longer have to back up.I knew you had modelled it in the past, I wonder if anyone else has on this board? My point being that I agree that the P/E is somewhere between 12 and 14 probably, which isn't a bargain. That said, we have no debt and make good money. The counter argument is that we are in China... BUT we have a great resource. So on balance, without any additional info, its about fairly valued? If I were dressing the company up for an exit, I would consider a dividend. I'm not suggesting this board discusses it!!! I'm ambivalent, but if I wanted to sell the company I would. Of course any buyer will see past the dividend, so it is only window dressing and any buyer already knows about GFM as they are in the same business. It might take some volatility out of the share price though - as long as it was reliably payable, otherwise it would just add to the volatility! GLA JPPP |
Posted at 30/7/2024 18:42 by zooman Sage, it just proves what little people know. Even a simple joint bank account carries some protection yet it's not mentioned here by the idiots. .Anyone with half a brain would have realised what was going to happen if Labour won and made provision..Nowt will change for the better but it's going to become worse and the trolls will then whinge moan on and on but not have the brains to protect themselves. :-)).Bit like dividends here on GFM, they will again whinge yet no dividends..I ignore the trolls or him, not worth using my fingers on the keyboard responding or sticking my middle finger up at them. .Zoo |
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. |
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