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GFM Griffin Mining Limited

159.00
1.00 (0.63%)
11 Oct 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
  1.00 0.63% 159.00 16,396 16:35:05
Bid Price Offer Price High Price Low Price Open Price
158.00 162.00 160.00 158.00 160.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec USD 146.02M USD 15.24M USD 0.0830 19.04 289.91M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:05 UT 1,445 159.00 GBX

Griffin Mining (GFM) Latest News

Griffin Mining (GFM) Discussions and Chat

Griffin Mining Forums and Chat

Date Time Title Posts
11/10/202421:07GRIFFIN Mining - Chinese Zinc & Gold (Moderated)75,765
10/7/202413:44Zinc & Gold with some Silver & Lead2,699
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

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Griffin Mining (GFM) Top Chat Posts

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Posted at 13/10/2024 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 158p.
Griffin Mining currently has 183,489,677 shares in issue. The market capitalisation of Griffin Mining is £289,913,690.
Griffin Mining has a price to earnings ratio (PE ratio) of 19.04.
This morning GFM shares opened at 160p
Posted at 11/10/2024 17:14 by alangriffbang
zoo it’s the same with share prices some shares are up a lot all day but later on falls back to next to nothing GFM is one for instance and gun has been top of the leaderboard for the past three days then losing the lot as amt has noticed ,if MATD comes good it will rise a lot and we will both be ok ,a lot of people are cool on GGP now ,at the moment I’m battling with Perseus I need to sell up , I’ve contacted the company and they’ve put me in touch with computer share investor services ,in Melbourne , invest direct were useless ,I’m sure everything will be alright for all three of us ,good luck and thank you for the pms ,
Posted at 03/10/2024 10:03 by amt
Not sure about See, Alan, could do very well but everything keeps getting put back, hope they have cut costs to avoid a cash raise. I still hold half.
Cyan certainly looks promising.
Yes of course Bango, never been more excited about it despite terrible share price performance. It does go in cycles though if you look at a 15 year chart it's happened many times before.
Have a good day Alan
Posted at 02/10/2024 11:46 by theapiarist
On the subject of hilarity, Alan, I've just returned from the GGP site.

In the course of a lively debate, Rose let slip the "tick" word. On this occasion it was in relation to the movement of the share price.

True to form, as in the dead frog experiment, your reflexes took control and you lambasted him for alleged "multiple ticks"

In employing the adjective hilarious, for once you make a modicum of sense.
Posted at 26/9/2024 13:26 by theapiarist
Great time to be in the business of mining metals - right across the board.

The Q3 production report should present Ninkov with a great opportunity to bull the share price. Will he do it?

Bought 45,000 shares yesterday. Thought I may have overpaid but it seems not.
Posted at 06/9/2024 12:30 by theapiarist
Yes, Rose. Very odd to announce a programme and then do nothing. But as Phillis points out the interims may be out soon and they may pull a rabbit from the hat.
Judging from the recent rise the market may be anticipating some good news.

Maybe that will be the news that Zoo says he's been waiting for before buying.

As for me, I've sold my "falling knife" purchase (cliché #3 "a profit is a profit") and invested the proceeds in Adriatic Metals (ADT1).

Like GFM it's a multimetal resource but with the emphasis on silver and to a lesser extent gold. Recently started production, ramping up to nameplate levels by Q4.

The grades are impressive compared to those found at GFM. Listed below is the comparison with GFM Zone II shown in brackets.

Zinc 4% (3.4%)
Ag 187g/t (27.8g/t)
Au 1.4g/t (0.2g/t)
Lead 3.3% (0.9%)
Cu 0.5%
Sb 0.2%

Analysts seem to have a target price circa 250 compared to the current share price of 140.
Posted at 26/7/2024 16:33 by jppp
Good luck Alan!

I've just sold just over 20,000. You may remember I wasn't keen for you to buy at about £1.50, I don't see the price action as positive and GFM is prone to large drops. I think the China recovery trade got over bought and it isn't clear that China is getting any better. Copper and zinc are softer, gold is doing well. As I said earlier this week, I may buy some silver. We may be going into a summer lull/drift with nothing to support the GFM price, so I've taken some profits.

The inconsistency I can't figure out is what happened to all those shares that were bought a few months ago, at higher prices. No one declared a declarable stake and we still have no idea what was behind all that price action. Whoever it was is unlikely to have disappeared. If I'm lucky I get to buy back in cheaper. I still think the chart looks like 2021 although that means nothing. Good luck to you.

MrB, it just gives me more time to look into copper!

Sage is quiet at the moment, probably basking in the sun. I am leaning towards profit taking and downside protection - I feel the potential for global weakness is increasing and central banks may be too slow while they focus on service/core inflation which is stubbornly high.

JPPP
Posted at 26/7/2024 14:39 by theapiarist
Indeed, JPPP. Copper prices are down along with the shares but I wouldn't say that they are struggling. In my opinion the medium to long term prospects remain the same ie very promising.

ATYM H1 results were viewed by many as disappointing with a resultant fall in share price However I remain 25% up and confidant that both the grades and Cu price will travel north in the medium term, carrying the share price along with them.

As you point out the GFM buyback, which some believed would put a floor under the sp, has proved a disappointment. One can't help but speculate on the response if GFM had implemented a dividend policy such as ATYM who return 30% - 50% of free cash flow to shareholders.
Posted at 20/5/2024 18:31 by zooman
This is why GDX will / could and does have have an effect of the GGP share price Everything that is currently happening will and does have sn effect on The share price Since the 29th April GGP is not far off doubling on the share price I know four holders on GFM that I have reached out to by PM with other information from EL have increased their holdings. As to my holdings that's my business I don't currently feel the need to talk or boast of my trades. .From Bamps21 on LSE..... With 34 tick ups. .One of the reasons it rose above 20p previously was the GDXJ getting their analysis of the free float incorrect..They did not take into account that HL and Interactive were nominee companies with are shares in them..Same goes for Barclays, Halifax, HSBC these have big nominee holdings..GDXJ had to go back into the market and buy..HL and Interactive have increased their holdings combined to over 20%, that's you lot. ?
Posted at 17/5/2024 14:22 by zooman
I rather liked these two paragraphs from the Chairman's statement.I feel that we will be seeing more buybacks from the company as it reduces shares being held. In preparation for a takeover etc, whatever happens the BoD will be well rewarded for a sterling job and savvy shareholders alike making good money. :-)He say's..Inevitably the question then arises how to deal with the excess cash being generated by operations. It was decided by the directors of the Company not only to continue with the on-market share buy-back scheme operated by the Company's Nominated Advisor, Panmure Gordon, but to also undertake an offer for larger blocks of stock held by institutional shareholders through the Company's joint broker, Berenbergs. As such, well over 10 million shares were acquired and then cancelled by 26th February 2024 at a substantially lower share price than currently quoted. It is expected both methods of buying back the Company's stock will continue in 2024, reducing the Company's shares outstanding and improving the Company's earnings per share. To this end, and although I rarely comment on the Company's share price, it has been pleasing to see the market finally seemingly begin to understand the inherent value of the Company and even perhaps the parlous state of the world mining environment... In that vein, I believe it appropriate to mention the very recent indicative proposal announcement by BHP in relation to Anglo-American, an attempt by BHP to acquire scarce copper assets. Although this may be a surprise to the market, it is a logical progression of the failure of the capital markets to support the mining industry, and in particular the junior miners, who overwhelmingly discover the orebodies needed to supply the world with the raw products needed for human existence. We have just begun to feel the effects of having rare resources and its expression in rising commodity prices. As Mark Burton at Bloomberg wrote recently, "A successful takeover would make BHP the biggest copper producer with about 10% of the market, but it won't make any difference toward meeting the world's supply needs. Production from existing mines is set to fall sharply in the coming years, and miners would need to spend more than $150 billion between 2025 and 2032 in order to fulfill the industry's supply needs, according to CRU Group......One key challenge is that new mines take years and often decades to build, 'There is a clear and compelling need for additional mine capacity to be brought online,' said William Tankard, principal analyst for base metals at CRU. 'The gauntlet is being laid down at the feet of the miners, and it's going to be exceptionally challenging to deliver." 
Posted at 09/5/2024 13:55 by theapiarist
At the end of last week I began reducing my holding and earlier today finished, selling a total 50% of my core holding at an overall average of 152p.

The buybacks after 6 weeks of nothing at a price 50% greater than they could have got at the beginning of the scheme seemed, to me, bizarre. Especially with the results due next week.

One possible explanation is that the results will not justify a share price in the 150p region. We know that Roger and others are anxious to sell their holdings, hence the present efforts to hold the share price at these elevated levels before what may be a mediocre set of results.

I hope this is not the case as I still have a decent holding.
Griffin Mining share price data is direct from the London Stock Exchange

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