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
  9.50 8.44% 122.00 10,348,800 16:35:04
Bid Price Offer Price High Price Low Price Open Price
117.00 122.00 119.50 112.50 112.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 77.68 27.29 11.63 11.3 211
Last Trade Time Trade Type Trade Size Trade Price Currency
17:07:18 O 817,300 122.00 GBX

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Date Time Title Posts
15/1/202120:18GRIFFIN Mining - Chinese Zinc & Gold (Moderated)42,684
15/1/202116:50Zinc & Gold with some Silver & Lead572
23/4/202014:46Mud suckers 2
14/8/201821:30Chinese dragon and Sageman 2

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Griffin Mining Daily Update: Griffin Mining Limited is listed in the Mining sector of the London Stock Exchange with ticker GFM. The last closing price for Griffin Mining was 112.50p.
Griffin Mining Limited has a 4 week average price of 77.50p and a 12 week average price of 65p.
The 1 year high share price is 122p while the 1 year low share price is currently 31p.
There are currently 172,826,228 shares in issue and the average daily traded volume is 229,741 shares. The market capitalisation of Griffin Mining Limited is £210,847,998.16.
arphillips: I'm surprised the Griffin share price has dropped this morning those numbers are excellent in my opinion. If production levels and commodity prices remain at this level the company will be generating significant cash. also, production to be ramped up to 1.5m tonnes in 2022 following receipt of licence.
beany5: I'm thinking (and appreciate I might be wrong) that as GFM pays no divi there's no rush to exercise your options. Say I have options over 100,000 shares at 30p. To take them up I would need to pay up £30,000. Until such time that GFM pays a divi I would get nothing back for my £30,000 - any further capital gain would be them same whether I exercise now or at 160p. Say, therefore, I buy 25,000 shares on the market for the £30,000 and they rise to 160p. I've made £10,000 profit and can still exercise my options for £30,000 keeping the profit. If I need funds I could borrow the £30,000 and sell however many shares I need to pay back the £30,000 and release the funds needed. I believe the options lapse immediately upon leaving the company. None of this would appear to be relevant to Adam Usdan. I presume he has considerable assets in addition to Trellus and GFM (current holding = c. $55m). I wonder what his plan is.
arphillips: G - Pleased to hear you have benefited from resurgence of the share price following the issue of 2 new licences. It's never wrong to take some money of the table. However, the Company can now aggressively expand throughput and subject to commodity prices remaining at these levels the share price should, in time, surely surpass the previous high of £1.60. Good luck with whatever you decide and more importantly I wish you good health.
mariopeter: Don't hold you breath for a bid as, although not on paper, GFM is overtly controlled by the Chinese and indeed they have a very awkward minority interest in the Chinese subsidiary. As for expansion outside of China well you would not like history repeating itself and that would just invite another reason not to pay dividends. I made alot of calls historically for some financial gearing in the Company but when commodities collapsed in the past it was an utter God-send not to have debt. Without debt they were simply able to shut the mine. Health and safety has also caused mining closures historically so debt can indeed be dangerous especially if lending covenants are stupid as invariably they are stacked in the lender's favour. No quicker way to lose your asset than breaching a lending covenant. Growth here, unless you want to wait another 8 years for consent, would have to be to raise shareholder money and buy another producing mine. Don't really see why they would want to do that unless they were acquiring distressed assets but not sure this board would get the backing. The share price, i think, may now turn to a dividend valuation model as opposed to a growth model with the relevant upswings when commodities are high and visa versa.
millwallfan: Z. Behind what ? (1) Covid roll out or (2) GFm surge from 30p? 1. It appears that despite pre ordering 100 million doses the physical delivery is not as fast as expected. This is then compounded by what appears to be inadequate roll out infrastructure being ‘ ready to rock ’ immediately upon approval. The true degree of both will impact on the fight to control cv - time will tell. (2) when GFM dropped to 30p it was a complete over reaction as the core fundamentals of the company have been virtually stable since we were at £1.60 with the exception of PoZ - and as sage has often pointed out GFM is predominantly a zinc play, although gold and silver are now becoming increasingly important. I truly hope the recent zone iii extension bodes well for the final zone ii licence which would enable all the spare processing capacity up to 1.5 million tons to be initiated. Given that is in place (fixed costs all covered plus new trucks etc ) all additional throughput will substantially be at marginal costs - (predominantly labour) thus reducing aisc and adding lots of profit direct to the bottom line ( assuming current commodity prices) Not sure if eitherwas the focus of your question 😂
theapiarist: At the end of a difficult year for so many we can at least take heart from the progress made at GFM and the future prospects. Movement in commodity prices since last new Year:- Zn +19% Au +24% Ag +47% Pb 0% Giving rise to an increase in share price of a not too shabby 46%. Looking ahead to 2021 we have the promise of 27% increased production allied to improving Au grades down to the 1000 Reduced Level. In a “fixed cost business” what’s not to like! The trading statement in 3 weeks should make encouraging reading. Looking further ahead. The granting of this latest extension indicates that the authorities remain favourably disposed towards GFM and that, despite the pessimism expressed in some quarters, the ultimate prize of the elusive Zone II licence will eventually be granted. Cheers and a very good Hogmanay to all.
zooman: Alan, I think Rose thinks the SVE share price of 24p is built just on the GGP holding, its not. So his calculations are way off the mark furthermore if an offer were made for the shares that SVE hold the share is more than likely to be suspended for a period. If the sale went through and the suspension lifted the share price will be lower because they will be transfering part of the cash received back to the shareholders. By the time you can sell your shares the MMs will have dropped the price even further. Yes profit will be made but not as Rose see's it through his rose tinted glasses.Zoo
rose_by_another_name: SVE at 24 pence holds 1.4 GGP for each share, so with GGP at 33 pence that is worth 46 pence per share of SVE. To buy the lot off them, a premium would have to be paid, so roughly twice the price of the SVE shares to get the GGP. Then SVE are committed to distribute about 50% of that windfall to shareholders, roughly equal to the SVE share price, while the SVE shares would retain the other 50% in cash for further acquisitions, plus their other assets. Just my own calculation. Not offered as advice.
theapiarist: It appears that Mark Hine needed some spare cash for Xmas presents. Unfortunately, Bermuda regulations don't mandate that director holdings be published. However, he's been in post for 6 years so I imagine that 35,000 shares is a small percentage of his overall holding. However, it does seem that the RNS has spooked a couple of small investors as the fall in share price has been on low volumes. GFM commodity prices have risen markedly over the last six months eg: Zn +41% Au +8% Ag +40% These numbers will be reflected in next month's trading statement which should perk up the share price - perhaps to £1.00
beany5: I firmly believe that GFM share price could be higher but I know that there is the possibility of greater ore processing and improved grades / yields. As for CAPEX you couldn't make up the amount spent previously so no guarantee we know how much CAPEX will have been spent - especially with the extra cash burning a hole in their pockets.
Griffin Mining share price data is direct from the London Stock Exchange
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