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GFM Griffin Mining Limited

140.00
-0.50 (-0.36%)
23 Apr 2024 - Closed
Delayed by 15 minutes
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 Shares Traded Last Trade
  -0.50 -0.36% 140.00 245,421 14:49:19
Bid Price Offer Price High Price Low Price Open Price
140.00 141.00 140.00 138.00 140.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec USD 94.4M USD 7.7M USD 0.0400 35.00 269.96M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:07 O 36,000 139.00 GBX

Griffin Mining (GFM) Latest News

Griffin Mining (GFM) Discussions and Chat

Griffin Mining Forums and Chat

Date Time Title Posts
23/4/202419:54GRIFFIN Mining - Chinese Zinc & Gold (Moderated)73,967
26/2/202416:37Zinc & Gold with some Silver & Lead2,691
07/12/202321:28Chinese dragon and Sageman 13
16/1/202115:51GFM UPDATE11
23/4/202015:46Mud suckers 2

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Griffin Mining (GFM) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
16:15:00139.0036,00050,040.00O
15:35:07140.008,11811,365.20UT
15:19:21140.502,0002,810.00O
14:19:49140.002,0002,800.00AT
14:19:40140.011,0001,400.10O

Griffin Mining (GFM) Top Chat Posts

Top Posts
Posted at 23/4/2024 09:20 by Griffin Mining Daily Update
Griffin Mining Limited is listed in the Miscellaneous Metal Ores,nec sector of the London Stock Exchange with ticker GFM. The last closing price for Griffin Mining was 140.50p.
Griffin Mining currently has 192,828,420 shares in issue. The market capitalisation of Griffin Mining is £269,959,788.
Griffin Mining has a price to earnings ratio (PE ratio) of 35.00.
This morning GFM shares opened at 140p
Posted at 19/4/2024 08:26 by zooman
Looks like gold could well go past 2400 again today. Someone will need to explain that to jockstrap. Given he can't understand a simple bid for the GFM may only be 25 percent higher than the share price at the time of the bid. Sage thinks 25 -50 percent but given its China I'm not so sure. I'm sure the Pathetic old jockstrap will continue to make himself look stupid again today sitting in front of his PC..EL reckons he bats for the other team hence bis infatuation with me. Poor soul. :-)).BTW jockstrap what was the price of the bid for SHG and what was the share price at the time it was announced, I think you will find it was a mere 6 percent higher.
Posted at 18/4/2024 20:45 by zooman
Two bids, who says there would be two bids? What if they decided to take the company private. Who bought Rogers shares? Why did that happen?There cound be a major earthquake rendeing the conlany useless..You know nothing, because you're guessing what may or may not happen. .Also I said the 25 percent would be at the share price at the time, not the current share price
Posted at 18/4/2024 20:04 by theapiarist
My God, Zoo

You are even dimmer than I supposed earlier.

The Jockstrap has no need to attack Sage. What he said was:-

"25- 50% uplift is typical". UPLIFT, Zoo. Are you unable to understand that?

Once again I'll try to explain, but I don't hold out much hope of success.

Tutorial Example Number 2
--------------------------------------

The current GFM share price is 140p

They receive 2 bids. The first with an uplift of 25% of the current price whilst the second bid offers an uplift of 50% of the current share price

What are the two bids worth?

Answer.

Bid Number 1 is worth 140 x 1.25 = 175p
Bid Number 2 is worth 140 x 1.50 = 210p

If you would like me to explain the workings, Zoo, don't hesitate to ask.


PS to Sage

Bid No.2 would be nice!
Posted at 15/4/2024 10:18 by zooman
JPPP,it may well be a case of the rise in the price of gold and zinc. Also maybe some were trapped when the share price went to 168p.and didn't sell, so as the share price has risen they have been buying in order to create a half decent return especially if there is an RNS proposing a sale. SHG is a typical example of how things can go and go wrong for short sighted investors. Gold has now slipped back from 2400, it will be interesting to see what happens this week. Wise investors will be top slicing over coming days if gold slips and the share price stabilises. I've always maintained this is a trading share, in part because it's based in China..Zoo
Posted at 13/4/2024 11:27 by sageman
The thing is that if there are few buyers what happens when those few buyers are themselves overweight. There are then no buyers so any sell has a disproportionate impact on the share price In my case I have a rule not to hold more than 2% in any single stock. I have now reduced that to 1%. So I was at my limit and unprepared to sell for the last x years. I suspect that many here were similarly trapped.The share price rise allows people to unload overweight positions at a profit. So I have sold 100,000. I hold 300,000. I need to sell at least another 100,000 (post this rise) to get to my 1% weighting. Another 100,000 of sales after that would give me the ability to be a future buyer. That was previously impossible when even a 5000 share sale could reduce the share price by 5p. GFM have are acutely aware of this with people with far higher holdings than me hence the buybacks and off market deals. GLA
Posted at 13/4/2024 10:29 by sageman
In terms of the gold. Profit taking is inevitable. However, priced in $ and $ has strengthened . Let’s see how geopolitics play out before we say the bull run is over. I was overweight GFM and have sold 25% of my holdings since the start of the year. Most GFM Shares are in sticky hands so very few are tradeable and usually there are few buyers hence when anyone sells even a few the price is disproportionately impacted. The presence of a buyer or buyers (combined with commodity prices etc) has been the gamechanger here for the share price If you check my posts it is as I said some months ago. GLA
Posted at 12/4/2024 10:30 by theapiarist
Zoo

In 2023 the average price received for Gold was 1871 and in the Q1 2024 was 2026. A rise of 8.3%.

A very welcome shot in the arm for GFM.

However, the corresponding figures for Zinc were 1907 and 2091 respectively. A rise of 9.6%

Since Zinc accounted for approximately 2.2 x the value of Gold in Q1 2024, and the price of Zinc has risen by more than that for Gold, it is hard to argue that "The current share price is riding on the back end of the price of Gold".

Furthermore, what is the relevance of SHG?

And how come that "those invested in SHG will not see the benefit" from the rise in GFM?

Your "logic" is hard to follow.
Posted at 12/4/2024 09:31 by zooman
The current share price is riding on the back end of the price of Gold hence the realignment of the share price Unfortunately those invested in SHG will not see the benefit. Just shows how AIM listed companies don't care about shareholders. Gold still govering under 3400..Zoo
Posted at 10/4/2024 17:37 by sageman
Some really good GFM posts on the back of a very welcome but unexplained rise in the share price I get the feeling that China is being less demonised but there would seem to be more to this than simple mine and commodity related issues. There has been unsubstantiated buyout talk for years and given Roger’s age it does not surprise me that he sold some shares some months ago. The share price rises daily but volume, whilst above average, is not massive. We have very little tradeable stock with lots in very sticky hands. It is possible that someone is steadily accumulating. I will leave it for others to comment further.
Posted at 25/2/2024 21:45 by theapiarist
The latest buyback scheme started on 12th Sept and ended on Friday.

A quick summary:-

Duration: 5 months
Total shares purchased: 472,016
Average buyback/working day: 4330 (£4,000)
Total price paid: £436,066
% of capitalisation: 0.22%

Meanwhile shares purchased from Roger: 1,350,000
Shares purchased from Richard Griffiths: 7,423,628
Shares purchased from Andrew Goffe: 112,500

It could be argued that at 88p, the company got a good deal and had these three individuals placed their stock on the open market the share price would have suffered.

Alternatively, it could be argued that had they distributed the 4.6% that the above purchases represent, in the form of a dividend, the share price might very well require no support.

There are no prizes for guessing which of the above two propositions I favour.
Griffin Mining share price data is direct from the London Stock Exchange

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