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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
  +1.90p +1.88% 103.00p 18,161 16:35:10
Bid Price Offer Price High Price Low Price Open Price
99.20p 103.00p 101.10p 101.10p 101.10p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 93.77 45.07 18.24 5.4 177.9

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Griffin Mining (GFM) Discussions and Chat

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Date Time Title Posts
23/1/201914:07GRIFFIN Mining - Chinese Zinc & Gold (Moderated)30,212
28/10/201819:55Mud suckers -
14/8/201821:30Chinese dragon and Sageman 2

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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 101.10p.
Griffin Mining has a 4 week average price of 83.50p and a 12 week average price of 83.50p.
The 1 year high share price is 162.50p while the 1 year low share price is currently 83.50p.
There are currently 172,748,728 shares in issue and the average daily traded volume is 117,452 shares. The market capitalisation of Griffin Mining is £177,931,189.84.
polaris: Rose and Up just a little bit, The last time zinc was $2500 or so, in June 2017, the share price was 51-52p. Will we see that price again? It is less likely as there is no longer any debt, which held GFM back in 2017. It has nothing to do with the license, that is the cherry on the cake, not the cake itself. That is a price driver for the upside. GFM do not need it to be a profitable concern. Yes, they built the plant to handle the increased throughput but it is not fatal if the license is never granted. Zinc falling below $2000 is... So, again, what actions would you have taken in the position of the management to 'maintain the share price' or 'preserve to a certain extent the share price'? What do you suggest now?
alangrifbang: Phillis I have just had a reply from Roger, I am perplexed as you are as to why the share price is falling.the zinc price is up and we have a director buying lots of shares we have been undertaking a share buyback programme which will continue,and there are no operational issues in griffin mining ltd that would significantly impact the share price of the company, accordingly there is nothing for us to announce.i cannot make an announcement on nothing and we cannot comment on the share price,regards Roger, I'm tempted to buy more,anyway I'm not worried,good luck
vesna09: Last Sept GFM share price was 65p.The shareholders have had a rollercoaster of a ride.I have stopped trading in GFM shares. I’m offered a lousy price by the market maker.
kenmitch: Up just a little bit. Of course not! I love dividend paying shares and have a lot in my portfolio. AS for buybacks there is detailed research on them (e.g from Morgan Stanley) that shows they are often (but not always) ineffective. Often their share prices go on to do worse than others in their sector that did not buy back. The key mistake made by many companies is to ignore the share price when they buy back. Buybacks are likely to be most effective when the Company thinks the share price is too cheap. But many companies buyback when markets and their own share prices are very high. e.g right now US companies are buying back like never before thanks to Trump tax policy. They are spending over $! TRILLION on them this year with APPLE alone spending £100 BILLION. And this with US market at record highs. The last time US companies bought back so much was in 2007 just ahead of the big market crash in 2008. It all needs far more consideration of the FACTS and then the plus and minus case instead of the assumption here that a dividend and or a buyback is what is needed to get the share price up. i.e start widening your research and knowledge beyond a poor quality bulletin board.
kenmitch: Brief replies. 1. Sympathy with all who have lost lifetime partners. Only those of us with that awful experience know what it's like. Kindness helps a bit but the opposite really is despicable. 2. Re if Griffin bought back and announced or paid a dividend presumably that WOULD give the share price a lift? More often than not, NO. e.g MAN bought back heavily and paid a big dividend. Share price fell relentlessly while they were buying back and was more than 50% lower when buybacks completed than when they started! There are loads of similar examples. Also if buybacks really were to = rising share, price all we would have to do to win would be to buy shares that are buying back. If we want the share prices of companies we invest in to go up it needs good news/good results/higher commodity prices etc well ahead of artificial help. 3. BO DOODAK. Don't remember you! I've forgotten about Chromex warrants. Did they do well? THE best ever on Mike's site were Geiger Counter sub shares (same as a warrant but can go in to ISAs if called subscription shares). They went up 59 times for a very useful gain. Share only 10 bagged. 4. Re disappointing Stockopedia shares with high rankings. These rankings are historic and based on latest Griffin/Company figures. So for example they don't take in to account current negative news like the falling price of zinc. It is essential to use these figures in conjunction with other news. Also Stocko figures show that high ranked shares way outperform low ranked shares. So they should. BUT there are always exceptions especially so early stage shares with very low ratings and where hope is the key attraction. They can go on to multi bag despite the low rankings. There is masses of information to learn to use on Stockopedia and the daily small company update from Paul Scott or Graham Neary is a must read. It's free and anyone can get it daily. Their updates are read by professional investors including fund managers, who (unlike stupid me!) are not going to waste their time reading the endless nonsense being posted here, and on ADVFN bbs that are far worse than this one. So if people want to invest successfully and are not currently achieving that, then it is essential to spend the time using quality information and not nonsense spouted by ill informed bb posters. Back to lurking... to the great relief of the ill informed who seem to dominate here!
guitarsolo: Well, I think those of us that have been in GFM from lower, much lower and much much lower prices must have spotted something at the time to have made a good decision! My initial interest was peaked by the declining Zn stocks and rising prices. That has slightly reversed in the last few months which is possibly behind the recent share price weakness. However, in my opinion that should be counter-balanced by the fact that GFM is debt free, should have stockpiled the cash it needs for Zone 2 extension, and therefore SHOULD be in a position to announce a dividend now. Even at these "reduced" zinc prices (now falling below $3000 for the first time in 10 months) the company should be making oodles of cash with nothing else to spend it on other than its shareholders! Yes please, hint hint! Added to that there is a bit more M&A in the mining business as the bigger boys look to use cheap debt to buy up highly profitable smaller mining businesses. GFM fits that bill alright and with a share price that possibly doesn't reflect fair value (nearer 175p imo) there may be a few people taking note. In this regard, the company's extended silences in between updates doesn't help. We could really do with a "heads up" RNS about the H1 results (even it is just to say they are in line with expectations of a debt free mining company). I compare this to another miner I have an investment in, Savannah Resources (SAV), which has far more frequent updates. It's a completely different kettle of fish being a three-project explorer rather than a miner, but there are far more frequent updates from the CEO. UKGeorge, do I recognise you from there as well? Guitarsolo - strumming away waiting for Roger G to give us an update from Bermuda.
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.
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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