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14/5/2021
13:57 | tinmanbf: I myself have no issue of non GFM related chat on this board, as others have said there is only so much one can say about GFM on a daily basis, in the lull periods Sage and others have shown info on companies I would never have heard of and therefore would have never visited those BBs for that reason. Its also nice to hear from people you have known of for years and have built some trust on the knowledge and info they provide rather than a random stranger.
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14/5/2021
11:06 | sageman: Phillis, There is only so much you can say about GFM. I have already written a number of posts specifically about GFM this week. I have increased my holding and liaised directly with Roger. GFM is done but like most posters it only represents a fraction of my portfolio. The overall portfolio is thus of far greater interest and I welcome additive input.
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13/5/2021
10:51 | sageman: Hi JPPP, Hmmm discipline. Over the years GFM has made me and several others a lot of money. Not as much as CD but a tidy sum. I have bent my rules to allow myself to hold more if it is solely out of profits. But my total GFM holdings are still below 2.5% of my portfolio so I haven't gone too mad.
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28/4/2021
10:33 | theapiarist: Sage
At first read LLOY results look v promising.
Most key metrices up on previous quarter and only marginally down on pre-pandemic levels.
Earnings per share up 260% over same quarter last year!
Particularly liked " Accruing dividends with intention to resume progressive and sustainable ordinary dividend policy".
Are you able to shed any light on the government's likely policy on bank dividends going forward?
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27/4/2021
08:19 | rose_by_another_name: A dividend would indeed set Griffin apart and
above other companies in the developing world
which don't reward investors, and would go a
long way to obviate the reluctance some have
for investing in China. The one-time dividend
paid long ago was a good sign in this regard.
Time to refresh the message.
The only reason you have to continue your
diatribes against dividends is that you took
a position early on (not caring to the side)
and can't allow yourself to admit publicly
that it was mistaken.
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26/4/2021
15:48 | rose_by_another_name: Zoo still doesn't understand that a dividend
will put more than ten percent on the share price just
by bringing in a whole new class of investor.
He still thinks it's either/or, that somehow
a dividend would come at the expense of capital
gain, rather than accelerate it.
The dividend is not an end in itself.
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26/4/2021
15:20 | millwallfan: Rose. Agree GFM is now a mature mining company, debt free, long term licences in place, fantastic JORC with potential for more, excellent safety and community record. Where I disagree is investor positions. They have clear plans to increase production to 1.5m tons, commodity prices are looking solid for some time to come. On the basis we reached £1.60 without licences and @ 850m tons IMHO simple projections can envisage £2.50 to £3 within 18 months and as such should be attractive now to new investors seeking capital growth with the clear potential of solid dividends. Yes there will be traders in the meantime as with all shares but GFM is now a solid investment option with the main limitation being operating in China. I am 100% with sage and zoo in support of our long-standing Board for the way they have lead this company since 3p days through thick and thin to current price (almost 50 times return) plus above potential. PLEASE List me some other companies who have a BoD who can match their achievements!!!
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22/4/2021
19:20 | mattjos: I've seen so, so many companies such as PXC where things look irresistibly bright at this stage of the development but, spreadsheet modelling is very different from mining & so often the case that once they get digging and processing, things just do not go to plan. It seems virtually guaranteed from what i have observed over years.
That's not to consign PXC to the bin … they might break the mould and have perfect implementation & become a massive success & that would be a terrific result for all concerned.
Personally, I would rather re-examine PXC once they have got mining and processing and doing so beyond just the initial easy surface ores ie. beyond the near-surface ores on which all the spread-sheets are based and on which the fundraising has been based.
In GFM's case they are far beyond these early phase problems.
We have a huge, huge proven resource and many years experience mining and processing the specific ore-type. We're debt-free, the stock is tightly held & we're just entering a massive scaling-up phase (the majority CAPEX for this has already been incurred).
Chalk & cheese comparisons .. yes, both companies are at the mercy of the commodity prices but, GFM has good cash cushion & now stating intent to pay dividends whilst such luxuries are not even on the long-term horizon for PXC.
All that said, there will be opportunities to make money with PXC shares by trading them in the exciting run up to first production as it will draw many other punters.
GFM though is much, much more compelling Buy & Hold situation from here onwards.
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19/4/2021
20:09 | sageman: I know what you mean JPP about discipline holding , for now.My GFM shares are all free carry so technically they cost me nothing but...they still represent the max %age share of my portfolio I tend to allow as a long term hold for an Aim stock. I don’t mind if it is a short term trading position but GFM would be long term. I hold too many Lloyds and have already cut. I will reduce again at 50p..but Lloyds is U.K. won’t go bust, pays dividends etc. Different risk but I still think that my current 3% is too high ( it got to 5% with averaging down). I hate losing on stocks but when it is 1 or 2% you can be relaxed and think straight. I read some of the “ balls deep” crew on discussion boards with horror. They go all in on a dream. No research and it usually ends in tears but they are adults, it’s their money and they never learn and never thank you if you try to help.
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03/4/2021
18:11 | zooman: 7stock thank you for posting this. So it appears that we have 50 percent of the shares held by three shareholders, THREE percent only held by the Institutions with a mix of the rest ranging from private shareholders to the directors and what ever in-between. The last question regarding dividends interesting! The American shareholders prefer buybacks as against the europeans who like dividends. Dividends under consideration but not confirmed, yes heard that before. Meaning we have looked and no or yes with a maybe but no. No dividend this year but cash needed for developing expansion programme. Although dividends paid to the holding company. The company is in fantastic shape debt free but only three percent institution investment. Again interesting. Mine safety is world class and the Chinese are buying into that, which is good. As Sage has said in the past GFM will grow its share price For me I agree but I don't think the dividend will be rushing over the horizon in the near future.Not withstanding the above a great insight to where the company is at with no apparent worries.Good production figures and buybacks are ok for me.Thanks again Zoo
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PLUS1
