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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Griffin Mining Limited | 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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 140.00 | 138.00 | 140.00 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Miscellaneous Metal Ores,nec | 94.4M | 7.7M | 0.0400 | 34.75 | 268.03M |
Date | Subject | Author | Discuss |
---|---|---|---|
03/2/2019 22:15 | Meant to say the it's not GFM where the possible corruption could be but the people who will sign it off. If they have been involved with things elsewhere.Zoo | zooman | |
03/2/2019 22:10 | Yes you are right the problem is that the people who will give the final say so are nervous. The Chinese have method of correcting this. It's called a bullet which has in part been the reason for the delay.Methinks things will happen when the price of zinc goes higher indeed it's moving north so maybe sooner rather later. I would also imagine that Griffin has been selling low grade zinc ore at the moment due to the low price and once the price reaches a point they will switch to the higher grade.I have more cash to add but as a good woman will say, timing is everything. Better to get on board as it starts to move rather than when it's stalled. But when there is news it could move fast.Zoo | zooman | |
03/2/2019 21:29 | There is an article phillis in today's Mail about centamen ,reads very well and it's a buy,just thought you maybe interested, | alangrifbang | |
03/2/2019 21:27 | Zoo. Every indication I have ever heard is that Griffin have never been involved in the widespread corruption. They are recognised as one of only a handful of ‘foreign’ | millwallfan | |
03/2/2019 21:14 | I think you are right but just to point out I'm not the one saying the a dividend is the thing that will make the company. If it happens it will however other things will need to happen first. Griffin have recently had to revisit some aspects of the licence application which has now been sorted. One of the issues regarding the go ahead is to do with making sure that there has not been any back hand deals done which in fairness to the company has frustrated them.But time will tell.Zoo | zooman | |
03/2/2019 19:16 | ZooI think to be fair GFM have in several reports alluded to the fact that they recognise that a dividend is something that will come, however they are playing a game of hide and seek when it comes to delivering. It's plain for all to see Rose likes the idea of a dividend as do I. You however prefer the 10 uplift to trade so why not leave it at that | up just a little bit | |
03/2/2019 18:13 | Maybe but what I don't understand is that Rosie bangs on about a dividend all the time. If my wife carried on like that I may consider a new patio. :-) Maybe it's age related Idont know. Thus why doesn't said person not lobby the company directly because as sure as eggs are eggs they won't give a toss what is said by in the main one poster on a BB.Zoo | zooman | |
03/2/2019 15:00 | The lesson from KAZ (if any) is that the worst thing Griffin could do is to announce a grand new project requiring lots of new money. The anticipated licence over a new area adjacent to the existing mine won't be an issue as most of the investment has already been made. However, Griffin has a record of talking project acquisitions as an alternative to dividends. I argue for dividends and the KAZ example would support that. | rose_by_another_name | |
03/2/2019 14:54 | As Rose said it's not either/or. You like your 10%and others like dividends. You can have both and each has a role to play. If Griffin in the finals say there is still no news re the licence and churn out a statement that is written as awfully as the last then we may retest 80p or lower. If they get some half decent PR company to write it and perchance announced a dividend we may all be sitting pretty. | up just a little bit | |
03/2/2019 14:48 | KAZ's share plunge came on the day of the announcement of the huge spending commitment starting a new mine in Russia. The dividend was announced two weeks later. Clearly the dividend announcement was meant to stem the tide but it wasn't enough. The precise timing of events can be found in the news and correlated with this chart: | rose_by_another_name | |
03/2/2019 13:34 | No it won’t necessarily cause the share price to rise. . As you’ve pointed out the KAZ share price fell when they announced a dividend because around the same time they announced their market unpopular new mine in Russia. If announce a dividend = certain share price rise, wouldn’t investing successfully be easy! | kenmitch | |
03/2/2019 13:15 | It's not either/or. The whole point of restoring the dividend is that that will cause the share price to rise. KAZ fell because they announced vast new spending on a new mine (in Russia at that), which would bring share dilution and rights issues, lots of costs, when investors thought they were in a cash cow. Plus, its Russia. China is handing out death sentences to corrupt officials but Russia is sending assassination squads to Britain to silence rivals. | rose_by_another_name | |
03/2/2019 12:55 | What three cents again? Give me a 10% lift any day.Zoo | zooman | |
02/2/2019 23:17 | Jolly good show Rose. Ken needs to appreciate the facts and is clearly distracted by Barbie. The facts are that the management have absolutely stated that they want maximum return for shareholders whilst awarding millions to themselves.Time for a dividend Roger. | up just a little bit | |
02/2/2019 14:02 | Your comparisons to other shares are spurious. Is KAZ waiting for China to grant them a licence? They are a copper miner in Kazakhstan, not a zinc miner China. The big drop in their share price in August coincided with the announcement that they had paid $900 million for an undeveloped copper resource in Russia, not with the announcement of a dividend. "Capital expenditure to develop the mine estimated at $5.5 billion" " 22.3 million new KAZ Minerals shares to be issued to Vendor" | rose_by_another_name | |
02/2/2019 13:40 | Nonsense again. KAZ is making huge profits. Posters who insist on posting rubbish even when given clear evidence it’s rubbish, ruin too many ADVFN bbs. And at its worst all sensible posters move on and only the idiots are left, so that threads on some shares become hundreds of posts a day,with nearly all of them dross; just like what is being posted here by Rose, or even worse! | kenmitch | |
02/2/2019 13:12 | Kenmitch- Of course the licence aproval would move the share price. So how does the BOD cause that to happen? A quote from the chairman's statement of April 2016: "The last major disappointment of the year was the continuing delay in obtaining the new Mining Licence over Zone II. It is now years overdue and restricts the Company's ability to reach a 1.5 million tonne throughput. Needless to say, a huge amount of management time is dedicated daily to ensure this process reaches a successful conclusion in 2016." Well, despite all the time devoted, they were unable to reach a successful conclusion in 2016, 2017, or 2018. It is even more years overdue and they can do nothing about it. The board can however institute a dividend right now, without dedicating a huge amount of management time. Your examples of other mining companies are spurious. Griffin is profitable and it is overdue that some of those profits should be paid out to investors. Recognizing this will help the share price. Again, from the 2016 Chairman's statement: "We remain firmly and irrevocably focused on delivering the returns you deserve and expect from your company." This from a man who takes millions out of the company for himself every year. | rose_by_another_name | |
02/2/2019 12:55 | I agree kenmitch ,I have thought of buying KAZ on many occasions but missed out,I've been in griffin since the beginning they have always been slow on news,there are posters on here that will tell you they don't have to say anything,I don't know who is right,because they stay silent we haven't got a clue how they are doing,nobody knows what price to set on them,I just hope we don't have to wait till there results in April,good luck, | alangrifbang | |
02/2/2019 12:52 | He was back last week when I spoke to him. Just not in on Friday. The problem with GFM it's like Lance Corporal Jones coming to attention always a bit late. It will get there and I can't help feeling sooner rather than later. IMHOZoo | zooman | |
02/2/2019 12:47 | Well said.Zoo | zooman | |
02/2/2019 12:34 | Nonsense posted here about dividends. There are plenty of shares, including miners, that don’t pay dividends and have seen their share prices soar. Including some of the most successful on AIM like BOO HOO. KAZ Minerals share price was around £10 when they started dividends again after several years without. The share price didn’t rise. It fell heavily on the day of the dividend news and went on to fall 50%. What will move the GFM share price is not a DIVI but licence approval at long last,along with far more information than they are providing at present. | kenmitch | |
02/2/2019 12:25 | I have noticed zooman that zinc is almost 2800 this morning,surely this must make a difference to the share price ,this has been quite a rise in the past week,Roger back to work Monday,I wonder if he has any news after his trip to China, | alangrifbang | |
02/2/2019 10:22 | Indeed. Just waiting for the next lift in order to trade again. Everyone has their plan mine seems to work for me. Mind you if we found the Holy Grail then that would be something. ;-)Zoo | zooman | |
02/2/2019 10:07 | Zoo, Looking for a dividend here is akin to finding the holy grail. If you were looking for options then your luck would be better. | up just a little bit | |
02/2/2019 09:56 | Looking for the dividend. -:)Zoo | zooman |
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