Griffin Mining Takeover Rumours (GFM)


Griffin Mining Chart

Griffin Mining Takeover Price

Griffin Mining Takeover Forum Posts

Thanks Sage, I'll probably take a punt. I see Alan doesn't fancy it. I'll also have a look at Thor. Alan, i agree, Glaxo looks cheap, are all their drugs becoming generics? Their pricing is so different to AstraZ. I've got quite a lot of 'boring' shares, incl Griffin, (which is boring because the Management say so little...)that i thought I'd try some small ones to juice things up. I also begin to think there must be some cheap UK stocks, our market has lagged so many. We will finish off Brexit quite soon now, interest rates stay low, companies will be takeover targets until they are re-rated. with some yield. so not the tiddlers that could sky rocket, but possibly some long term value with upside. JPPP
As an example: I remember buying West China Cement for £1.10 in 2009.The making of cement can hardly be called exciting but, the shares were absurdly cheap. sure enough the market re-priced them higher and they quickly doubled. They then went on to double again and again & then again as recovery from an incorrect market pricing was followed by company growth & then a HK listing & dividend payments.The speculative element in Griffin may well emerge further on in the story & that may be the licence grant, elevated metal pricing, a takeover approach a new mine etc etc. We don’t yet know what excitement there may be but, we do know that as at today, the shares are damn cheap & should be priced a lot higher. I’m sure the market will work it out eventually, particularly as there now seems to be some momentum developing on the chart & ‘insider buying’.
zoo, I bought £5000 worth of sunrise resources before lunch and have just purchased another 500000 which hasn’t gone through yet,hope I haven’t put the mockers on it for you, not a wonderful day but shanta and alba are up and drax has got whispers of a takeover again, just going out now , will check in later,
Fund giant closes in on takeover Sam Chambers, Retail Correspondent Sunday September 13 2020, 12.01am, The Sunday Times
A - The Highland Gold takeover price is very disappointing. It was £3.10 earlier in the week! The Price of Gold has been strong again today, I've thought might have it's first try at reaching $2000. Drax has strengthened again today so all good there. I'm off on holiday to Glencoe today to do some Munro bagging, weather permitting, so won't be around next week. Hope the marker doesn't slump with the virus showing its ugly head again. Stay safe. Z - Hope you enjoyed your return to the skies. The aerial views must have been spectacular today.
Hi zoo ARP ,another good day for gold ,even a director bought more shares in bango today ,they are showing drx interims on wed in today’s paper but tues in the IC ,we will have to wait and see ,I like the share very much takeover or not ,apart from getting the papers I stayed in all day , looks like the rest of week looks very good ,keep safe
A - Yes, it was disappointing about Pompey, I had visions of them playing Bournemouth next year. Strange how fortune ebbs and flows in football, mind you the same applies to my investing over the years. Drax has made a strong start, it would be good to have some more takeover chatter.
Hi there AR, I’ve just got back from Waitrose , not a pleasant experience ,I read in today’s business section in the mail that drax maybe subject of a takeover by a small electricity company ,they quote a price of £3 40p a share ,they say they maybe in talks already ,it should rise nicely in the morning ,good luck ,
Both CEY and PLUS have large cash flows and are committed to distributing them to shareholders. Starvest are also so committed, though their profit is smaller. In their case, the commitment is about a possible windfall from a takeover of GGP.
I made money on a brief in and out in GGP, then found out about Starvest. It was obvious that the SVE price was a much better way to get exposure to GGP. Obviously, I could buy back into GGP at any time, but why? The price has never been commensurate with Starvest. Why pay over the odds? Starvest are committed to returning 50% of any large influx of cash to shareholders. In the event of a takeover of GGP, that would probably pay for my investment with profit and leave me with my Starvest shares on free carry.
I made money on my brief in and out of GGP, but have not sold any SVE. I'm holding for the anticipated takeover. When that happens, each SVE share will benefit from 1.4 times the GGP payout. One analyst has said he expects GGP to be worth 12.9 pence in a takeover, so that would be 18 pence into each SVE share. The SVE management are committed to paying out half of that in a special dividend. That would more than pay for my SVE stake, leaving me with my initial investment back, a profit, and still holding the shares on free carry. SVE have other holdings as well, some of which actually generate revenue, and they would have a pot of cash for further prospects. So the question is, why does anyone (like yourself) pay over the odds to own GGP directly, when they could have 1.4 times as many shares, plus others, for about the same price (usually a bit less)?
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