Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
At 30th June 2023 GFM had almost $47m in cash. Admittedly net current assets was just under $21m. After nearly 10 months of trading and buying 9m shares at 88p (!) the numbers are probably c.$63m and $37m. Cash is a very significant proportion of the c.£260m market cap. What would the declaration of a 10c dividend do to the share price???
Wealth warning. Whenever I speculate on a dividend boosting the share price it is ruled out and the price falls.
We … AND the company know that the share price deserves to be far higher than it is. Zone 2 not even in the numbers yet and profits are due to be exceptional this year with the price of gold now at over $2300.
UK shares just are not loved enough and there is still this anti China rhetoric I feel.
I’m very surprised a big Chinese major hasn’t taken the company out when it was so very cheap
Wall Street posted an article yesterday showing their reasoning why the Fair Value worked out at 278p ! We can be optimistic that in the longer run their is much more upside perhaps.
I wish I'd seen this yesterday - Clive Maund is pretty good with his forecasts -
"Gold Market Update - it's CORRECTION TIME...
originally published Sunday, April 14, 2024
https://www.clivemaund.com/gmu.php?art_id=68&date=2024-04-14
After falling today, in the evening things changed and the prices of gold and silver shot up. Good day tomorrow,
Hi Wheelie
It was 7p in late 2002. I remember it quite well because it was just after I married and my wife and I both set up equal portfolios of shares. Over the years her shares have generally done better than mine but GFM has been one of my successes thankfully!
I've also been in since about 1998(115p)but I don't remember the price ever being 7p.
I don't know about 7p but my records say I bought my first GFM shares on 3rd October 2008. This sounds wrong as I was first put into GFM by a neighbour I haven't seen since 2001. I think 1998 is more likely.
Up until 2018 I traded in and out well. In 2020 I bought several tranches more totalling 85,632 shares at prices between 36.7p and 90.18p.
2021 was a disaster for me as I got sucked in to buy more at 113p, 108.65p and 130.38p.
Currently I hold 264,203 shares at an average purchase price of 59.71p. 135.41p = £200,000 profit
Interestingly (to me) GFM was 140/145p on 11/2/21 when 3 month zinc was 2792.9 which is currently 2794.6. There was a lot of excitement at the time but the mine has massively progressed since then.
With institutional investors catching on, the big holders reducing their blocking holdings 300p is definitely possible IMO.
This is going to 3. I’ve held Griffin for 10 years. Finally people are getting it. Cash cow, no debt, massive deposit. Let’s go!
In what year did you buy at 7p?
Held this for years. See massive upside here.
Moooooooooooooooo
It will never get sold !
Take your nonsense elsewhere. Doing just fine here :)
How much have you lost on EUA? Getting desperate?
Already made a lot of money here .. in at 7p target price £1.50 but may hang on for £2 later this year. ARV is my hope moving forward!
Nothing will happen here, you should check our Eurasia Mining (EUA) - Now theres a company that will make you money.
Hi.
Do we know when zone 2/3 numbers will start feeding into the production or have they already started?
Some one said if this was in US would be worth 700m I think well over a Billion given some of PE multiples over the pond!
Gold on the up this evening - will GFM react tomorrow? It should.
If this was in USA it’d be worth over £700m, probably over £900m.
Realistically a few consistent dividends (7p + a year announced soon and again in a year) would get us to 240p IMO
233 mill. Seems quite cheap considering….
Could this not be worth double this 450mill ……?
I don’t see why not in years to come.
Would like to see 150-155pence….. was there afew years back. Could we push for all time highs …. GLA.
Let the griffin fly. Fly my pretty.
All commodities absolutely flying ….
With the current price of Gold. This is going to add massively to the next quarters results…. Not sure the price of Zinc and all the rest of it. But again GFM with zero debt is a cash cow. And must surely reinstate a dividend soon.
Share buy backs are not happening to help the SP rise.
Previous double bottom at 92.4. New one has formed at 113.4. per chance, another 20% on the way? It would be nice of the tiny number of institutional investors who've come on board in the last couple months gained traction. We need institutional pressure to bring about dividends.
The share price has been so very positive in the last week or so it makes the cynic in me think somethings up!
GLA
Bonuses all round then. But there will be yet another excuse to hold on the dividend.