Griffin Mining Share Discussion Threads

[mattjos] 18/2/2021 17:39

it was a chap called fingers. He no longer posts.

I charted this, early August last year, elsewhere on ADVFN and predicted £2.91 according to a 'standard' Elliot Wave 3 advance.
However Wave 3's (other than being the longest, strongest & most likely to move in a clearly recognisable 'channel') are most likely Waves to Extend beyond the normal 1.618 multiple &, in particular, extensions are most common in commodities and commodity related stocks such as Miners

A 2.618 multiple for this wave gives a £4.21 target price and providing Zinc, Gold & silver remain elevated then, this is now my preferred minimum target.

Make of that as you will. I fully appreciate that most ADVFN posters assign zero value to EW theory but, I am quite comfortable with it & it was sufficiently compelling analysis at the time to persuade me to pick up a good holding with a sub-60p average & to get this thread up & running.

Here is chart I did on 5th August. Seven months later it has continued to behave impeccably per the theory and has advanced from 44p to over 150p. I see no reason to alter my stance, particularly given the run of news over the last 6 weeks:

[up just a little bit] 18/2/2021 17:27

Predictive text...... advfn

[up just a little bit] 18/2/2021 17:23

There was a thread run by a chartist here on advent. You could ask him to do a piece on a share and he would happily oblige. Not sure I can remember the thread though.

[mariopeter] 18/2/2021 17:13

Stellar news flow and game changing.

[up just a little bit] 18/2/2021 17:10

Guest at the target price if they update?

[mariopeter] 18/2/2021 16:56

Thankfully, I was not moaning just explaining why not investing.

[rose_by_another_name] 18/2/2021 16:44

Wish I could post the IG chart here.
Don't think the ADVFN one is a match.

[jeanesy] 18/2/2021 16:36

Not sure what the actual price has been all day . It has been all over the place !!

[rose_by_another_name] 18/2/2021 16:35

Traders continue to misunderstand the effect
a dividend will have on the share price for
them, not just for holders. A share with
a yield will appeal to many more investors
and realise a higher gain for those who sell.
But some still insist they don't care about
that because they don't care about the actual
dividend payment. It's a logical disconnect.

[up just a little bit] 18/2/2021 16:30

A nice figure to close at. Would be nice to get some press coverage.

[mattjos] 18/2/2021 15:15

Last coverage from Berenberg was 27th Jan when they raised Target Price from 130p to 170p off the back of the Zone II Mineral Resource statement the previous day.

Assume they will update either tomorrow or Monday … struggling to see how they can come up a new TP anything less than £2

[alangriffbang] 18/2/2021 15:04

hi millwallfan yes I sorted it I should have pressed the button and held it in for a while this I hadn’t done so I was able to put it right very quickly once gain thank you very much, good day today isn’t it , it was a long time coming , let’s hope it continues tomorrow, I can remember when the price was £1 60p and the IC put a sell on it and to my knowledge they have not written about GFM since, I am also excited about GUN I think this is a good buy I’ve raised my holding to a million now, and am well in profit, I think Thor mining will have its day as well, good luck,

[up just a little bit] 18/2/2021 14:22

Looking at the buys I see someone paid £1.71 for 30000 at 11:37 this morning.

[millwallfan] 18/2/2021 13:59

Alan. Did you manage to reset the tyre pressure warning light

[makinbuks] 18/2/2021 13:49

Apart from the resource upgrade I liked the hints at future expansion plans

[makinbuks] 18/2/2021 13:48

Mattjos, I agree if you can't get carried away following todays announcement when can you. Absolutely fantastic.

[zooman] 18/2/2021 13:46

Alan, the lush is ignored on the other thread as they are here. I sold HYVE this morning having bought in around the beginning of Nov. Nice lift on GUN today as well.Zoo

[alangriffbang] 18/2/2021 13:40

hi zoo, I think you can blame me this morning when I told my friend amt that this thread had improved greatly now we have the nonsense from punch and Judy again, lovely morning out walking bit of lunch now and out again, 17degrees on Sunday where I am , glad your having a good morning ,good luck,

[return_of_the_apeman] 18/2/2021 13:40

Wonder what time Berenberg sharpen their pencils these days

We shall see

[up just a little bit] 18/2/2021 12:51

Nice chunks of 10k being sold. Then ready for the next leg up when they are done.

[up just a little bit] 18/2/2021 12:47

We all want the same thing just debating how it would be best for Griffin to have a sustainable rise with both PI's and institutions on board.

[phillis] 18/2/2021 12:21

oops
someone has upset the headmaster