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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 | -0.75% | 132.00 | 16:35:15 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 135.00 | 131.00 | 136.00 | 132.00 | 133.00 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
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 26/7/2024 14:21 by alangriffbang JPPP and katsy I’ve just purchased another 20,000 GFM and another 100,000 MATD it all seems very cheap to me ,I’m glad to have the weekend off for lots of enjoyment ,I still swim in the sea every morning at 6 you can’t beat it ,good luck, |
Posted at 25/7/2024 16:08 by jppp Well GFM is buying shares, to no avail. They seem to be paying pretty high prices too, from what I can see.Copper struggline MrB. nothing else to add really. I might buy some silver FWIW GLA JPPP |
Posted at 23/7/2024 18:13 by alangriffbang katsy we’ve had some really good rises with GFM but you never seem to post then but every time it drops you are here, nothing goes up in a straight line ,loosen up , |
Posted at 23/7/2024 18:10 by alangriffbang zoo I am anxious to buy more GFM but am waiting for it to fall back to the level that I’m happy to pay ,zinc is falling now on a daily basis and that’s not good ,gold is also losing its shine , it will all come good in the end ,I still am waiting for AAZ to make an announcement ,good luck, |
Posted at 23/7/2024 16:24 by katsy GFM looks primed to fall back to 80p again. Absolutely nothing here for small PI's, the whole point of owning a profit making company is dividends. |
Posted at 06/6/2024 15:50 by jppp I'm a little surprised it took so long to start this decline. Always hard to tell with GFM.There were a lot of shares traded at quite high prices, which made us think there was something afoot. It doesn't make a lot of sense, even in the land of GFM. GLA JPPP |
Posted at 23/5/2024 17:37 by zooman Rose, you sound like a lunatic. Clearly you feel threatened by the iii posters. Why?Is it because they're more savvy than you?. Rose the fool who dosent understand how the stock market works, more than likely lost his shirt and cries:I want a dividendI want a dividend I want a dividend. Yet he can't work out how to make money on the stock market. Hahaha |
Posted at 15/4/2024 11:39 by theapiarist George.Under normal circumstances, as you know, the share price would fall by the value of the dividend. In this case I'm not so sure. It's quite possible that Institutional Investors and non SIPP/ISA PIs, released from the tax liability and recognising the growth prospects of the business, will hoover up some stock. It's also possible that payment of such a large dividend (64%) will attract some press coverage for a stock which hitherto has flown under the radar - look at the ADVFN thread - 16 posts in total! If the dividend doesn't move the price by the payment date (7th May), I shall probably reinvest my dividend. |
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