Griffin Mining Share Discussion Threads

[3rd eye] 20/4/2018 09:08

GFM Griffin Mining following through from yesterday and making new highs. Note on the chart the increase in volume over the last 10/11 days. More in this according to broker Cantor who have a present share price target of 190p.

[up just a little bit] 19/4/2018 13:55

www.stockopedia.com/content/do-the-stockranks-work-for-high-yield-investors-104561/

[rose_by_another_name] 19/4/2018 13:31

Usdan will probably hold on to them.

[malcolmmm] 19/4/2018 13:19

GFM has a rank of 100 with 9 screens passed on Stockopedia , they have upgraded them once again.

[up just a little bit] 19/4/2018 12:43

Nice little earner.

[luckymouse] 19/4/2018 10:44

GFM has one of the best fundamentals of all the miners - but still subject to the sector going in/out of fashion

[kenmitch] 19/4/2018 09:25

Hope you're right MALCOLMMM.

Good to see share price up yet again today, but that's more likely to be continuing realisation how cheap the share is, even after rising so fast from 60p, with Griffin still getting a mass of greens and 99 on Stockopedia, than news of licence approval leaking. Will be very pleased if wrong on that!

[malcolmmm] 19/4/2018 09:20

I cannot see them not granting a licence when and if the Zinc/Gold runs out at some point in the future.Gold looks like its breaking out to the upside

[ukgeorge] 19/4/2018 09:14

Perhaps this rise is due to the license being on its way.....

Blue skys ahead no resistance roll on £2

[kenmitch] 19/4/2018 09:10

Griffin doing a lot right, and share price gains are continuing. I'm not too bothered about no dividend if they have that money earmarked for good use. Just wish they would explain why the very long delay in getting the licence instead of leaving shareholders totally in the dark. It is looking as though they might never get licence approval and only then might shareholders find out why. They should have been told reasons for delay ages ago.

[3rd eye] 19/4/2018 08:53

GFM Griffin Mining........... Breaking out and upwards along with other base metal miners. After a positive last update to the market covering broker Cantor have yet again very recently increased forecasts.



LATEST BROKER VIEWS

Date Broker New target Recomm.

16 Apr Cantor... 190.00 Buy
15 Dec Cantor... 166.00 Buy
10 Oct Cantor... 137.00 Buy
24 Aug Cantor... 104.00 Buy

[mad foetus] 19/4/2018 08:46

I wonder if the lack of dividend is a bluff to the Chinese authorities. Effectively, until you give us the zone 2 licence we will hold on to cash in case we want to make an acquisition elsewhere. Who knows, who cares while the share price keeps rising?

[roguetreader] 19/4/2018 08:43

I should have underlined short-term

[malcolmmm] 19/4/2018 08:34

As far as I see it they have doubled their ability to mine and smelt in preparation of the granting of new licence so the remaining ore in the present mine must be extremely good. Nice start this morning.

[rose_by_another_name] 19/4/2018 08:29

It is not either/or. If you want to see
a big short term gain, watch what happens
when the company announces a dividend.

[roguetreader] 19/4/2018 08:03

RBAN totally agree but IMO most but not all on this board are only interested in short term capital gain

[rose_by_another_name] 19/4/2018 07:47

Exploratory options have so far been a cost.
Until we can mine the ore that has been found,
they don't bring in any money. We were supposed
to get a licence to mine it when we bought out
the junior partner. Yes, we may still get it,
maybe soon, but it is not real yet.

Past efforts to expand by acquisition have not
born fruit. Those who were in at the time will
remember the hopeful announcements and their fate.

This is not Coca-Cola, where the business can
continue until the world runs out of sugar. Mines
have a limited life. If they don't return profits
to investors when the weather is fine, the share
price will be held back. That is why the company
must start paying dividends.

[bigbelter] 19/4/2018 02:48

UJALB,

The company:

has no influence as to when anyone buys in or sells out

cannot control the price of zinc or any other of its products

cannot predict or control major economic downturns.

but the company

has built and extended a very large mine

has no debt

is making a lot of money

has a share price that has increased hugely

has further exploratory options

and thus, has been, and continues to be, a successful business.

Where is the problem ??

[up just a little bit] 18/4/2018 23:13

Mike, I like your perspective and if GFM hits £2.00 I'll bow out with thanks.

[up just a little bit] 18/4/2018 23:11

Bigbelter, You really need to appreciate that there are many different people who invest in shares and they, we, us you and me are all different. Whilst on the face of it you appear quite aggressive and perhaps you have not bought into GFM at the level that some of the PI's here have to have that perspective may be beneficial.

[mikesnr2] 18/4/2018 23:00

Looking at Simply Wall St's latest analysis of GFM, the gist is that with the share price at £1.51, their discounted Cash Flow calculation values GFM at £2.98/share - so still undervalued by around 49%

[bigbelter] 18/4/2018 22:30

Why don't you just sell out(if you haven't already) and clear off if you've been so wronged by GFM.

Were you to open your mind you could see that over the last 10 years the company has
progressed from being exploratory only to having developed a large mine with no debt, now making huge profits, having further exploratory possibilities and a share price that has risen from 4p to 150p

WHAT IS IT YOU WANT ............................

[up just a little bit] 18/4/2018 20:56

Recent results are great they truly are but taken in context over 12 years they are mediocre at best.