Griffin Mining Share Discussion Threads

[rose_by_another_name] 27/2/2024 15:06

No one knows how much time they have, zoo. Motorcycling,
messing about on the water, flying small planes, you are
as likely to go first as anyone. Not to mention your blood
pressure, which I can measure from here.

[up just a little bit] 27/2/2024 15:03

That's hysterical Alan is nearly one foot in according to his "internet friend"

[up just a little bit] 27/2/2024 14:49

That goodness that trashy old liar is keeping off the board. Less work for ADVFN to do!

[theapiarist] 27/2/2024 14:36

I'm unclear as to the "lesson" that we oldies should take from Alan and Anne's recent traumatic experience.

Is it:-

a) Don't leave home without your iPad;
b) Don't allow yourself to get trapped between the bed and the wardrobe;
c) Always have a phone to hand;
d) Have a panic button within reach;

Or possibly (e) Don't go rushing up to London when there are people far more capable already on hand.

There is, of course, one sure and certain final lesson.

That is, that despite all his promises to the contrary, whilst there is still breath in his body, Alan will never desert us and will forever entertain us.

[phillis] 27/2/2024 14:29

Keep up with the pms Alan
You don’t need to appear here after all

[rose_by_another_name] 27/2/2024 13:28

I bet alan thinks that those shares he voted and then sold
will still be counted as "no" votes.

[alangriffbang] 27/2/2024 12:42

sage I would just like to say that a few of us are on pms ,it’s a lot more interesting and you don’t gets the nasty trash on here,

[alangriffbang] 27/2/2024 12:40

sage good morning ,unfortunately yesterday I rushed up to London without my I pad ,this will be a lesson to All our oldies including me Anne who is 101 Went to bed the night before last then slipped out and trapped herself in between the bed and the wardrobe with no button to press and no phone she luckily had a caller early yesterday morning ,so we all rushed over to her , fortunately she is fine ,we are now trying to get her to change her mind but up to now it’s a definite no ,thank you very much for your posts yesterday it’s all very interesting it doesn’t seem very easy for it to break a pound .no other bid for shanta yet and time is running out ,I sold 700 000 and kept 600000, which I think several people have done ,I am now stockpiling in SRB and see, we will see what happens ,good luck and keep we,

[up just a little bit] 26/2/2024 23:53

That rules out the liar then. 5 years is a long time for the old codger.

[sageman] 26/2/2024 20:09

I haven’t given the percentage holdings for the portfolio and have ignored cash. I keep 5 years worth of expenditure in cash (ignoring salary).

[sageman] 26/2/2024 19:59

Over the years a number of posters here have come to know me and that GFM is just a tiny part of my holdings. Most people have some gambles and have the bulk of their portfolio well diversified. For those that are interested I am holding. Aegon high yield bond ( a play on spreads and improving global economy). Artemis Europe (hedged). Fidelity Japan Index . Franklin India. UBS developed Rafi 1000. L&G global tech. L&G pharma. Portfolio at an all time high. A tilt to value here but still with tech. Also a momentum play. Enjoy your share trading (most traders are losing money if they are U.K. centric) but my portfolio is now less than 5% individual shares. DYOR but assuming that most people here have a well diversified core hopefully this is helpful.

PS I was holding gold in an ETF but substituted it for Aegon.

[sageman] 26/2/2024 19:45

Not much we disagree on there mr bee! All the best.

[theapiarist] 26/2/2024 18:40

I'm not sure that we DO disagree, Sage.

Of course I agree with you regarding the ease of moving the share price of a stock which experiences low volume.

Unfortunately, during the last buyback, only 5% of the shares "bought back" appeared on the market.

Had 100% been traded on the market the "leverage" that you so accurately describe would very probably have resulted in a marked effect on the share price And you and I would have been in complete agreement.

We also agree that, for a long time, the performance of the mine has been "exceptional".

It seems that our only point of disagreement is the catalyst for the recent rise.

This rise over the past 6 months could easily be attributed to the fact that 1.5 million tonnes proved to be a reality and not just a dream! and not due to a paltry £4,000/day buyback.

Let us both hope that this time round the full £10 million scheme is directed towards genuine buybacks and not merely used as a fig leaf to cover the purchase of stock held by directors and their pals in off-market deals.

[sageman] 26/2/2024 18:16

Mr Bee, I hear what you say but the performance of the mine has always (shut downs excepted) been exceptional. I gave an example of the foresight sustainable forestry fund tanking on low volume due to no buyers (NAV. Circa 95p & it fell to 60p). When a few buyers arrived it went back to 80p and has fallen back again. All on pitifully thin trading volume. This is the same as GFM which means that share buy backs can made a disproportionate difference. As I doubt you will change your view and arguing is pointless. Let’s just agree to disagree and both cross our fingers for the share price to rise.

[sageman] 26/2/2024 13:28

That is the reason for the ! At the end of my post. However, if we did see some decent volume through the main market it would make a difference. The share price has risen since buybacks despite poor geopolitics and a weak zinc price.

[katsy] 26/2/2024 12:59

It's all about transferring our cash to the directors who want to cash out.

[sageman] 26/2/2024 12:55

Latest buyback = 10m shares over 6 months = circa 80,000 per day. Given the lack of volume here that should be impactful. But I wonder how many will go through the open market?!

[katsy] 26/2/2024 11:57

Arh right on queue. So transparent

Hmm I see the directors want more of our money, no doubt all those free shares awarded to themselves will be exchanged with our cash disguised as a share buy back. Remember the share count has increased by 10m since they first started the buy back programs.

[up just a little bit] 26/2/2024 09:24

I've always said when his fantasy provides so called tips you do the opposite. If you take a look it actually works.

[rose_by_another_name] 26/2/2024 09:02

Sleep it off, alan.