Share Name Share Symbol Market Type Share ISIN Share Description
Griffin Mining LSE:GFM London Ordinary Share BMG319201049 ORD $0.01
  Price Change % Change Share Price Shares Traded Last Trade
  +0.50p +0.32% 158.00p 0 07:33:40
Bid Price Offer Price High Price Low Price Open Price
156.00p 160.00p - - -
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 93.8 45.1 18.2 8.9 282.89

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Date Time Title Posts
23/4/201808:11GRIFFIN Mining - Chinese Zinc & Gold (Moderated)27,745
20/3/201509:14Griffin Mining: Charts & News etc.152

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Griffin Mining (GFM) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2018-04-26 16:09:09157.5060,00094,500.00O
2018-04-26 16:00:12156.5025,00039,125.00O
2018-04-26 15:59:37158.5031,54149,992.49O
2018-04-26 15:19:14158.506,3099,999.77O
2018-04-26 15:17:32158.50311492.94O
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Griffin Mining (GFM) Top Chat Posts

Griffin Mining Daily Update: Griffin Mining is listed in the Mining sector of the London Stock Exchange with ticker GFM. The last closing price for Griffin Mining was 157.50p.
Griffin Mining has a 4 week average price of 120.50p and a 12 week average price of 106p.
The 1 year high share price is 162.50p while the 1 year low share price is currently 49.50p.
There are currently 179,041,830 shares in issue and the average daily traded volume is 555,627 shares. The market capitalisation of Griffin Mining is £282,886,091.40.
mikesnr2: 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%
philw1985: Anyone got a good reason for the share price since the results? I was fully expecting a nice jump when they came out, they looked on the face of it to be better than i even expected them to be and the share price has done nothing. Is the lack of potential growth (zone 2) and dividends holding it back or is there some other reason?
polaris: That and the fact that they significantly overpaid ($110M) for the increased equity in May 2012, although they did also get the mine licencse extended until 2037 at the same time. It took the best part of 5-years for the share price to make a new high after the buyout. The price of Zn at the time was around $1850 cf lows of around $800 in 2003 and the high of $4400 in 2006. The fact that the commodity cycle has now turned well in their favour is good, but that can be of no joy to the shareholders who had to suffer 4+ years of poor share price. The 'cows' episode is still just plain bizarre to me. Before that was the Spitfire Oil stake. Phillis has also pointed out some of the options grants have been unusual. However, we hope that all of that is behind GFM and they can go forward and make pots of cash. The directors will no doubt do much better than the PIs but i hope we can all drink from the trough while the times are good! regards, Paul
kenmitch: Useful post, elsa7878; thanks. The rapid share price rise might partly have been investors pricing in the long overdue licence approval as their pre Christmas update hinted it might be close. So am hoping they really will get it at long last and soon! Even now with share more than doubling Griffin still gets 99 and a mass of greens on Stockopedia and info like yours helps to confirm the promise. A share price pause and the odd dip is healthy. Nothing goes up in a straight line and there could be a lot more to come from GFM this year.
stephen2010: ALBA currently trading at 0.39p target price 6p making a nice 15 bagger. Please read the following: MARKET CAP PUZZLE ❖ Alba (market cap £8.4m) is in a resources neighbourhood populated with listed companies with much enhanced market capitalisations, such as UKOG.L (£134m) and JAY.L (£172m). With either shared project interests or adjacent tenements to these companies, Alba should trade at a much higher valuation than its current token value. Like Bluejay, Alba owns 100% of its ilmenite project. Direct comparisons with UKOG are also instructive. While both companies own other projects, UKOG’s 49.9% of Horse Hill Developments Limited (HHDL), when compared to Alba’s 18.1% means that Alba has approximately one third of the value of Horse Hill compared to UKOG but only about 7% of the market capitalisation. Once the market recognises these disparities, the room for growth in Alba’s share price is undeniable. VALUATION RATIONALE - Our valuation in this First Equity Limited initiation note uses a risked valuation approach for Alba’s two main projects, at Horse Hill and TBS. The Horse Hill licences are valued using independent published technical data from Schlumberger, Xodus and Nutech on the oil potential of the licences, along with our own assumptions on recovery rates, oil discovery value, resource and development risks factors. From this a risked value of $127m net to Alba on a ‘Base Case’ basis is derived for Horse Hill. Given the similar geology and economic potential of both TBS and Dundas, we have adopted a risked closeology valuation approach, by computing an NPV for Dundas of $223m and then applying a three-tiered risked probability calculation to arrive at a value of $54.7m for TBS. Once Alba announce its JORC resource and exploration target at TBS and Bluejay its Feasibility Study results, this number is likely to be revised upwards very rapidly, possibly up to $200m, representing up to 7p per share in additional shareholder value. We compute a valuation of $185m (£139m) for Alba, equating to 6.0p per share, of which 4.1p is attributed to the stake in Horse Hill, 1.8p for TBS. Given this analysis and wealth of valuation catalysts anticipated across the project portfolio in the coming months, we recommend the shares as a ‘BUY, with a Target Price of 6.0p, representing a potential 15 times plus uplift from the current share price.
bunlop: GFM share price on the move up again. However reported volume so far at 131438 is very low. Zinc also making new highs.
bunlop: Zinc price on a run up. GFM share price is starting to move up today. Hope it is not more MM games.
happywanderer: Can anybody tell me where I can find or how to produce an overlay of GFM share price on Zinc price.
roguetreader: Looking at previous company statements, I assume Ninkov is still sitting on 8,000,000 options at 30p, as he hasn't (to my knowledge / research) cashed any of them in yet. I assume he is looking for a higher share price to cash in at so that he feels suitably rewarded for the hard work he has put in that necessitated the issue of the options in 2015 to ensure such a valuable management figure was suitably 'incentivised and retained'. However, just to help him achieve his and the BODs target share price the BOD use shareholders cash to buy back shares to put a bottom under the share price This is obviously good news for all shareholders in the sense that the share price will (hopefully) continue to rise given the current fundamentals of the company, but doesn't deviate from the fact that the BOD continue to treat the ordinary shareholder badly.
bunlop: Lots of zinc will go into the Wall. LME zinc stocks seem to be falling at a faster pace now. Hope every day now for a sharp move up in GFM share price through the 55p resistance but I do question if the licence will ever be forthcoming!
Griffin Mining share price data is direct from the London Stock Exchange
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