Griffin Mining Share Discussion Threads

[phillis] 26/7/2024 17:04

PAG went through £8 today briefly

[rose_by_another_name] 26/7/2024 17:02

If you're buying silver the best form to go for is old
British coinage, It was sterling up to 1920 and then 50%
up to 1946. I am told it is routinely traded in kilogramme
bags. As it was legal tender, there is no capital gains
tax when you sell, and VAT is only charged on the dealer's
mark-up, as with antiques, rather than the whole value
when you buy. Buying silver bullion, unlike gold, costs
20% VAT and then CGT on any gain when sold.

[jppp] 26/7/2024 16:33

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

[zooman] 26/7/2024 16:22

Alan, some good money is being made on MATD since the share offer. It was a great tip from Sage way back when. Have to say I just love trading it but not sure about Griffin at the mo especially as we're in the silly season of August but there again you may have called it right. :-)Zoo

[alangriffbang] 26/7/2024 16:07

katsy I agree ,I will be 86 soon and it definitely works, Wall Street is flying at the moment and our market has risen nicely ,long may it last ,good luck,

[katsy] 26/7/2024 15:12

Good cold swim every morning sure helps keep you young. Good for you.

[theapiarist] 26/7/2024 14:39

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.

[alangriffbang] 26/7/2024 14:21

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,

[katsy] 26/7/2024 13:38

The share chart here is somewhat mirroring that of the zinc price.

[amt] 26/7/2024 06:33

I hadn't expected such a sharp fall in the share price here. I sold out anyway a few weeks ago just following you guys so looks to have been a good decision.
CARD is on the move again, hope it can break free this time.

[jppp] 25/7/2024 16:08

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

[zooman] 24/7/2024 15:46

Alan yup right up to the 5th November it seems. Zoo

[theapiarist] 24/7/2024 14:02

"dividends and inheritance tax could be trebled"

Inheritance tax currently stands at 40% above the allowance. I don't believe that 120% is likely. Do you, Alan?

Same applies to dividends for a man of your wealth, Alan.

[phillis] 24/7/2024 13:28

Great results today from Informa

[rose_by_another_name] 24/7/2024 11:59

When did you discover that the US election will be in
November, alan? Do you have a link?

[zooman] 24/7/2024 09:58

Totally agree AMT. He's 78 years old if he wins that will be January in office, he'll then be 79 in June then four years in office unless he's taken out by assassination or illness. Where as she's 59 years old. Hecant use age as an argument now. Time for a woman president methinks. :-))Zoo

[amt] 24/7/2024 09:33

Maybe now decent opposition to Trump will stabilise things and help the markets. Kamala is quite impressive. I don't think I could face another 4 years of Trump except for comic value.

[amt] 23/7/2024 23:25

Thanks Alan

[alangriffbang] 23/7/2024 20:32

zoo thank you

[zooman] 23/7/2024 20:29

Alan, I'm sure it will, which will open up more opportunities.Zoo

[alangriffbang] 23/7/2024 18:16

amt good luck with card it’s certainly had a rough ride ,not long till Christmas good luck to you,

[alangriffbang] 23/7/2024 18:13

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 ,

[alangriffbang] 23/7/2024 18:10

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,