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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 24/5/2024 17:03 by phillis “ The Chinese gold price has sustained a steady $20-$40/oz premium over western pricing so continues to drive flows from the West to East. Western ETF's remained sellers of physical gold, dropping 11.3Moz, whilst Chinese demand remains strong, although it does look increasingly aided by retail demand. This appears to be supported by concerns of a Renminbi devaluation and an apparent lack of other investment options due to the regional property crisis; Chinese investors are looking to diversify with property having previously been a mainstay for domestic investment given tight capital controls.Extract from GPM monthly investor report |
Posted at 23/5/2024 22:33 by rose_by_another_name It's not that I want a dividend, zoo, it's that Griffinneeds one, every year, twice, as a firm policy, to make its shares attractive to genuine investors rather than just chancers selling to each other hoping not to be the one left holding an empty sack. |
Posted at 23/5/2024 12:30 by alangriffbang the a thank you for the tick down and your backpack phillis ,I will not change my mind I think this site should be for GFM investors not for people like you who have sold out , |
Posted at 23/5/2024 09:30 by rose_by_another_name Always fantasising about losses borne by others, zoo.Is that because their loss is your gain? A properly run company makes money through producing products or services that people want and distributing the profits to the owners who financed the enterprise. Griffin pays its employees and taxes, then stiffs the investors while promising jam tomorrow. A good wheeze for the board, but even those who trade the share must realise that a record of no return will put off a large segment of the market. |
Posted at 23/5/2024 08:30 by rose_by_another_name There are no "returns", only trading gains and losses. Yourgain is at the expense of some other Griffin shareholder who bought high and sold low. I've made money from GFM too. It is more like trading bitcoin than an investment in a money making company. That limits the appeal to a subset of investors. |
Posted at 18/5/2024 15:23 by sageman Having trimmed back my holdings in individual shares to circa 5% of my portfolio (cash aside) I am holding 10% physical gold, 40% Aegon high yield bond, 40% UBS Rafi and 10% China. The high yield bond fund is like cash on steroids. The Rafi is a global value play. China is a tilt to value too after 3 years of poor performance. I still like Europe and USA but decided to bank some gains and be a bit defensive. The only stocks I hold in any quantity are GFM, GGP, and Lloyds with the latter 2 increased recently. I am pretty much in defensive mode with funds at all time highs. For fun I have been playing Microstrategy asa play on bitcoin. The high yield bond fund is held in lieu of gilts on the basis that in a strong global economy companies should not default and high yield is less sensitive to interest rate surprises. So why not enjoy the better return. We all like to dabble but I thought investors might light to see where the lions share of my investments are placed. The Rafi is global large cap value such that the PE ratio is undemanding and should thus be resilient if markets profit take over the summer. I believe that gold will do well too but Imtrimmed it by 5% and put some in Blackrock Gold and General and Jupiter Gold and Silver. Hope this is an interesting read for some. GLA with your investments…Ma |
Posted at 01/5/2024 19:47 by sageman So where do I stand? It is simple really. I am just a GFM investor wanting to make money on this stock and on investment markets in general. I am not here to argue but explore opportunities and listen to the views of other experienced investors. The sad thing is that if people put the bile aside they would recognise the ability of the posters here and the collective talent. We should be the best of ADVFN and III joining forces to turn the odds in our favour. |
Posted at 19/4/2024 08:44 by theapiarist Zoo."BTW jockstrap what was the price of the bid for SHG and what was the share price at the time it was announced, I think you will find it was a mere 6 percent higher." I'm struggling to understand the point you are attempting to make. If you are simply extending our tutorial sessions on percentages then well done. In the spirit of which, here's another tutorial for you:- Investor A buys 1 million shares in SHG at 11.4p Investor A adds 1 million shares in SHG at 9.8p Investor A adds 350,000 shares in SHG at 12.94p Investor sells 2.35 million shares in SHG at 13.33p What is Investor A's percentage profit/loss? For simplicity you may ignore dealing costs. |
Posted at 15/4/2024 10:35 by theapiarist SHG went extremely well for "short sighted" (read short term ) investors.As has GFM for early entry investors who have stayed the course. |
Posted at 15/4/2024 10:18 by zooman JPPP,it may well be a case of the rise in the price of gold and zinc. Also maybe some were trapped when the share price went to 168p.and didn't sell, so as the share price has risen they have been buying in order to create a half decent return especially if there is an RNS proposing a sale. SHG is a typical example of how things can go and go wrong for short sighted investors. Gold has now slipped back from 2400, it will be interesting to see what happens this week. Wise investors will be top slicing over coming days if gold slips and the share price stabilises. I've always maintained this is a trading share, in part because it's based in China..Zoo |
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