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
  +0.00p +0.00% 56.00p 55.00p 57.00p 56.00p 56.00p 56.00p 50,634.00 07:30:23
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 53.7 8.4 2.7 21.7 100.26

Griffin Mining Share Discussion Threads

Showing 27076 to 27097 of 27100 messages
Chat Pages: 1084  1083  1082  1081  1080  1079  1078  1077  1076  1075  1074  1073  Older
DateSubjectAuthorDiscuss
23/4/2017
20:50
So three years at the current rate of profit, that is if they do not run out of ore before the licence is forth coming.
poleaxe
23/4/2017
10:39
Approximately 44 million
up just a little bit
22/4/2017
07:58
how much is the bank debt now
bubloo
21/4/2017
17:38
I would expect to see dividends paid when the bank debt is settled.
rmjones
21/4/2017
17:28
It is all very well that the company stands to make more money and that the resources it controls are more valuable, but it means nothing to prospective shareholders if they think that none of that money will ever be distributed to them. If the mine is run forever for the benefit of directors and staff until it is played out, why own it? Do the people now sitting on a capital gain think it is time to buy this stock (that is me, by the way)? They are planning to sell at a gain, but to who? The reason why the stock price is stalled at this level is the prospect of a return to investors is still jam tomorrow, as it has been for years. This is no longer a start-up. I have been in this long enough to have received a dividend in the brief period one was paid. The only money I have made here since was by selling out. After my last sale I have not bought back in. I am holding my remaining shares for two reasons- I expect them to go higher, probably, on the coming scarcity of zinc, and I don't want to take the capital gains tax hit all at once. The last time zinc was tight, I made the mistake of buying more shares at 95 pence. I won't be doing that this time.
rose_by_another_name
21/4/2017
07:53
Also the zinc stocks are still dwindling slowly which is nice to see
up just a little bit
20/4/2017
23:09
Note that the AVERAGE price achieved for zinc was $ 1502 in 2016 Q1 average over $2000 Do the sums!
phillis
20/4/2017
11:21
rmJones, I am an advocate of paying down the debt and I fully expect to get my initial investment back in the next couple of years but I prefer a management team to have a balanced approach rather than one of lining their own pockets.
up just a little bit
20/4/2017
10:47
UJLALB: Whether I agree or disagreed with remunerations is not relevant or interesting - I simply believe they have had no impact on the share price. However, I agree that lack of dividends has impacted the share price although personally, I have no issue with reducing the bank debt in lieu of them.
rmjones
20/4/2017
10:34
Rose , I think that is a fair assessment. My average buying price between 2010 and 2012 is 38.7p. I sold a fair percentage following recent results .Whilst I concede that GFM may do very well in future ,they are high risk and , to date , unexciting.I added heavily to my largest holding, FSJ, over the same period I bought GFM; to date these are up over 300%: a big gain for a lot less risk . The moral is why take big risks?
roddiemac2
20/4/2017
10:28
roddiemac2 - post 26285 - "A poor investment over recent years: best avoided." The share price 5 years ago was 41.625p. Numerous problems (mine suspensions, buying out the Chinese and taking on debt, the drop in commodity prices, etc..) and the price dropped to 27.25p in April 2013, 31p in April 2014, 29.75p in April 2015, 26.87p in April 2016, and 56p today. So, anyone buying in during "recent years" would have made a profit. I wish I'd sold out when the shares went over £1, but it can hardly be called a poor investment "over recent years". It's been a pretty good one for those willing to continue to hold, or to add during the drops. We will all have some losers; that's just how it is. Warren Buffet lost $444m on Tesco.
alan@bj
20/4/2017
10:02
I think that both the high cost of management and the lack of dividend affect the share price. The only "return" available is when you sell for a capital gain. We need a return for those who hold shares if new buyers are to be attracted. Otherwise it is only "greater fools" that will take your non-performing shares off your hands.
rose_by_another_name
20/4/2017
09:58
So you agree with the payments to the company run by one of the BOD'S wifes?
up just a little bit
20/4/2017
08:43
The directors remuneration argument is a personal chip on the shoulder and not relative to the share price. I also have been a holder for many years but am in profit because I diluted my overall buying price when at the 25-35p range.
rmjones
20/4/2017
08:18
And I've been a holder for a little longer than that from 93p. So given the renumeration package for the board and one of the wife's I deem them to be using the company as a private bank with total disregard for the share holders.
up just a little bit
20/4/2017
06:35
I've been a holder since 2005. Is that long enough for you?
alan@bj
19/4/2017
22:15
alan@bj, There have been a number of opportunities for short term traders to do well in the last five years , but long term investors have not made much here.I am well aware that the share price has doubled from its low of last year : so what? The shares have only recently gone above where they were five years ago: a continual jam tomorrow story. There are much better investments elsewhere.
roddiemac2
19/4/2017
14:44
I don't think my 44% return is too bad an investment.
alan@bj
18/4/2017
16:22
Both the zinc price and the stocking levels dropping. How long can that last?
rose_by_another_name
07/4/2017
14:00
2017-04-07 13:58:35 56.75 1,365,000 Buy 56.00 57.00 That was a biggish buy/sell..................
ewads
06/4/2017
16:00
indeed there never is anything under "outlook" notwithstanding that Q1 is put to bed
phillis
06/4/2017
14:13
A clearer, more explicit, statement regarding the company's expectations over the next financial year would have helped. The go ahead for further exploration is of little value without a licence.
rmjones
Chat Pages: 1084  1083  1082  1081  1080  1079  1078  1077  1076  1075  1074  1073  Older
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:30 V: D:20170423 23:34:36