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GFM Griffin Mining Limited

2.30 (2.73%)
04 Dec 2023 - 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
  2.30 2.73% 86.40 51,880 16:35:28
Bid Price Offer Price High Price Low Price Open Price
85.00 87.80 86.20 85.00 86.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec USD 94.4M USD 7.7M USD 0.0400 21.25 163.9M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:13:48 AT 3,000 85.00 GBX

Griffin Mining (GFM) Latest News

Griffin Mining (GFM) Discussions and Chat

Griffin Mining Forums and Chat

Date Time Title Posts
04/12/202321:33GRIFFIN Mining - Chinese Zinc & Gold (Moderated)71,582
29/11/202313:02Zinc & Gold with some Silver & Lead2,655
14/7/202307:23Chinese dragon and Sageman 8
16/1/202115:51GFM UPDATE11
23/4/202014:46Mud suckers 2

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Griffin Mining (GFM) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-12-04 16:13:4885.003,0002,550.00AT
2023-12-04 16:13:4184.438,0006,754.42O
2023-12-04 15:23:3786.20700603.40AT
2023-12-04 14:29:3886.004,8004,128.00O
2023-12-04 13:34:5886.0011,6149,988.04O

Griffin Mining (GFM) Top Chat Posts

Top Posts
Posted at 04/12/2023 08:20 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 84.10p.
Griffin Mining currently has 192,828,420 shares in issue. The market capitalisation of Griffin Mining is £163,904,157.
Griffin Mining has a price to earnings ratio (PE ratio) of 21.25.
This morning GFM shares opened at 86p
Posted at 29/11/2023 10:49 by rose_by_another_name
The logic, for those able to comprehend, is that
buy-backs are a failed, useless, senseless policy
and only a dividend program will return value to
shareholders. In the absence of dividends, no one
is interested in buying shares from "traders" either,
and the share price continues to languish.
Posted at 21/11/2023 09:48 by amt
We will know if the buy backs were a good idea or not at some point in the future. Presumably the Directors believe the share price is cheap so picking up shares on the cheap would be a good strategy if they are correct. They are in the best position to determine this. If you don't trust the Directors then not much point investing.
Posted at 21/11/2023 07:52 by zooman
Alan, he's a loser and out of time. GFM will be sold..Nice buy backs. :-).21(st) November 2023Griffin Mining Ltd ("the Company") announces that on 20(th) November 2023 it purchased 8,800 of the Company's own ordinary shares ("Ordinary Shares") at a price of 84.5p per Ordinary Share. The Ordinary Shares have been purchased to be held in treasury for the time being.Following completion of the purchase of these Ordinary Shares there are 192,828,420 Ordinary Shares in issue, of which 1,224,924 Ordinary Shares will be held in treasury.
Posted at 02/11/2023 10:51 by alangriffbang
zoo amt I’ve just had a call from my rich friend he is trading NCYT and is well up he’s made a lot of money trading them ,he is also buying a lot more GSK which he rates the share price as weak , I asked him about GFM but he’s not interested in buying back, it’s chucking it down here the cafe has been packed it’s like party time ,AAZ is moving up nicely but that’s all, keep safe ,
Posted at 04/10/2023 07:45 by theapiarist
Really, Zoo?

"I want the share price to go to the floor and bounce, why? Because I trade, those who hold long term that's their choice / problem not mine."

Those of us who follow your posts understand perfectly well that your "trading" policy was based on GFM "going to 60p".

The failure to reach that target means that you missed the last three cycles.

Happily the same cannot be said of some of us long term holders who also indulge in a little opportunistic trading.
Posted at 28/9/2023 10:08 by sageman
Rose, buying shares at a discount to NAV of course makes sense but there being a buyer for 50% of trading stocks is positive. Over the years I have seen the GFM price drift by 10% or more in a matter of days on very low volume purely due to a lack of buyers. If the company go for a buyout I doubt the buyer will pay more than a 50% premium on the share price based on previous observations. If you are not going to issue dividends then buybacks are the main weapon to maintain the share price However, the co needs to buy back that 50% and not just play.
Posted at 23/9/2023 06:59 by amt
The A the share price is up 15% since they announced the share buyback on 12th September. Up to 50% of daily volume seems very significant to me even if small volumes.
Tiny share trades can have a big impact on share prices so it should help.
I don't have a strong view on this but my inclination is that on balance it will continue to be positive for the share price.
Posted at 22/9/2023 21:14 by theapiarist

What "scale"?

50% of a small turnover over a short period of time!

Time will tell, of course, but going by the precedent of the previous 5 month period we could be looking at 650,000 shares purchased.

Up until last week I held over 50% of that total and I'm just a humble PI!!

I repeat. What "scale"?

Maybe the program will have an impact if one of the major investors begins unloading their stock. But you better be careful what you wish for as this alone could depress the price.

Now, a 4p dividend. What effect would that have? Apart from the obvious one of rewarding long suffering shareholders to the tune of 5% pa?

Answer. It might bring in a whole new class of investor which in turn would help the share price

A double whammy.

As opposed to the current policy of buying back stock with one hand and handing it to the board with the other.

Net result - share capital unchanged.

How will this "support the share price"?


Cue Zoo with:-

"Gosh did they "THE" and why do you think they listed it, just so you could make money? Fool
Get it into the thick head of yours they don't want nor are they bothered with PIs now. I doubt you will see 168p again!"

Or something very similar.

Cue Alan with:-

"all these false ticks it’s about time the pair of you morons grew up but then you are old aren’t you, now seriously isn’t it about time you got the message and both disappear maybe you could go to Gretna green I'm sure the a knows the way, maybe you could bank all of your false ticks there"

Or something very similar.
Posted at 22/9/2023 09:51 by sageman
Rose, I was talking to an investment house where on one of their funds £80,000 shares were traded and the share price dropped 20% because there were no buyers.The fundamentals of that fund are unchanged and it now trades on a discount to NAV of circa 40%. GFM having the ability to hoover up 50% can be very significant if they are active. In the past they were playing. My view is that they now have a clear plan to support the share price and sell but as I say it is just my view.
Posted at 17/9/2023 15:11 by theapiarist
Just had a quick look at the share buy back deal whilst "watching" Romania being hammered by South Africa.

Announced on 25th Feb 2021 with a possible $10 million over 3 years.

Came to a juddering halt on 13th July 2021 by which time the princely total of 336,756 shares were bought and the share price fell from 143 to 85 over that period!

We now have the possibility of the company buying back $9.5 million over the remaining 5 months and, were this to this happen, the share price would get a welcome shot in the arm you'd be forgiven for thinking.

Unfortunately there is a problem lurking in the small print:-

“the issuer must not purchase more than 25% of the average daily volume of the shares, being based on the average daily volume traded in the 20 trading days preceding the date of purchase”.

A cursory glance at the volume figures would indicate that unless we get an increase in liquidity, amounting to several orders of magnitude, we will only go a very small way in the direction of that $10 million target.

Hopefully, once this ill-conceived buy back programme is out of the way early next year, some sanity will be restored and a proper dividend scheme announce as it’s replacement.

40% of post tax profit would be nice, they have little else to spend it on.

Did I catch a glimpse of a pig flying past the window or was it just the SA winger going in for another try?
Griffin Mining share price data is direct from the London Stock Exchange

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