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This should be trading at double or triple current share price.
It’s actually going up!
Been a great share for me.. in at 7p 22 years ago sold regularly all the way up to £1.50 and have 15,000 shares left waiting for £2.
Waiting for zone 2 and 3 resource to start showing in the results which should get this up to £2 in time
I’m In big but average is around £1.30 having bought all the way up to the last big drop
Does anybody buy these share anymore ?
Whilst the directors reward only themselves, rather than the investors, there are unlikely to be too many wanting to buy in. The success of this mine has been evident for some years and investors will buy on future expectations, so a price of between 80 and 100p is all we can realistically hope for unless something changes The purchase of 25k shares by the Co today shows the contempt for the investors. The number is insignificant and we had 80p recently which you didnt need much perception to see that as a temporary low and a good time to buy.
Good luck with that! This is what they thought on 7th October 2021.
BERENBERG CUTS GRIFFIN PRICE TARGET TO 175 (200) PENCE - 'BUY'
That's just for starters, it's the most recent forecast, more and most likely higher broker ratings to follow no doubt after their splendid results were posted.
19-Jan-24 Griffin Mining (GFM) Berenberg Bank Buy - 130.00 Reiteration
No reason at all now why we should not get back to pre Covid price levels of £1.30 to £1.50. After 20 years here (in at 7p) I think I’ll bail out at £1.50!
Stock up 32% since 1 Jan 23. Not terrible.
I think we are going to get a restatement RNS later today. The Annual totals might be correct. The totals quoted for 31 March 2023, however, are actually to 30 Sep 2022. I suspect then that the 31 Dec 2023 figures are overstated due to them being derived from the annual totals.
TALKS the Talk, "Spectacular!!!, but has failed to deliver shareholder value, WHY???
He is getting richer!!!!year on year , while we get thrown crumbs , in sharebuybacks to keep us quite,
i suppose he might put it back on the agenda again at next results update????
I cant see this getting back over £1 anytime soon, they are producing Spectacular results, but unwilling to return cash to the shareholders, Buybacks are good but they havnt done nothing for the Sp,
Why are they hoarding all the cash!!!!! the Directors get their Big Bonus Payments , so they are very happy
Agree Roxi the share buy back has not moved the share price, I thought we would have moved to £1.20 on the back of it but it just appeared to stabalise the share price. The coffers must be bulging so lets hope for a special dividend
So that's the (very good) news. Are we going to see a sell off now, as there's nowhere for the money to go? There's been quite a rise since mid-december, but still off the 6 month high, and better than half the all time high. The long term chart is showing quarterly peaks over the last year, as the market buys in in anticipation of news like this, then sells when it comes through. Guess this is the way it's going to be.
WHEN????? are they going to Show us the money?????
been here long enough its about time we had a nice Dividend return then, lets start at 10p per share
Chairman's comments
"Spectacular. That is the only word that can adequately describe what has been achieved by the management and staff of the Company in 2023
No debt
World class Mine
That is the kind of RNS you want to wake up to
Ore Mined up 76.6% to 1,505,642 tonnes
Ore Processed up 82.1% to 1,513,977 tonnes
Zinc production up 79.1%
Gold production up 68.2%
Silver production up 40.1%
Lead production up 64.5%
How can one predict people's decisions and significant events by looking at chart patterns and rectangles?
My own price tracking graph is showing a very discrete double bottom at 82p, 13th & 15th. This looks quite insignificant on its own, but in my experience, it has often been a prelude to a significant rise. Hopefully, not tempting fate here, but hopeful for a decent showing in the New Year. Hairy Crimbo all, and may a decent return come our way soon.
And holding the AGMs in far-off countries to avoid being held to account by the share holders. At least I got a free coffee and biscuit at the last meeting I went to in London, that alongside a one cent dividend is all there has been in 20 years. With the SP stuck where it is now, new investors are going to want to see the prospect of some actual returns before buying in. The same old promise of Jam tomorrow on the back of sterling performance in the mine has worn as thin as my old underpants.
I'm appalled by the board's decision to keep profits to themselves. This move reeks of greed and disregard for the very people who made this company's success possible – the shareholders.
Hard-earned money has propelled this company forward, and yet, shareholders are left empty-handed while the board pockets the rewards. This blatant disregard for shareholders' investment pierces my trust and fills me with dread for the future of this company.
The board's actions scream, "You're just numbers, pawns in our game of wealth accumulation." This mentality is toxic, eroding any sense of loyalty or belief in the future of this company.
Their actions are a ticking time bomb, jeopardizing the company's well-being and the investments of every shareholder. I urge them to wake up before it's too late.
Market doesn't like this news, it could be a bad day here. Company should find out what the heck is going on and let the shareholders know!!!!
Whats going on with this Company, been generating funds for years, no Dividends for shareholders, just buybacks of shares , which have never been cancelled, and now we have a Director detained by the Chinese authorities.
If they are found to be any wrongdoings, what consequences will this mean for the Company.???
Worrying times !!!!