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2024 it promises to be good. The mines have been in full operation. Plenty of wealth in Griffin Mining now.
The Chairmans word for last years company performance was"Spectacular. That is the only word that can adequately describe what has been achieved by the management and staff of the Company in 2023, What is the word going to be for 2024 performance? I would suggest "Stratospheric"
Until there is more trust that money can extracted from
China as paid as a dividend - there’s no chance the price will bounce significantly
Bean you literally highlighted the three reasons the share price is rising then said “I can’t understand why”
Six months ago, possible less, there were no fund managers on board here. Funds are the main drivers of dividends, we had none. I checked again to day
Shareholders
Name Equities % Valuation
Adam Usdan 29,794,878 16.15% 37 M p
Richard Griffiths 24,313,224 13.18% 30 M p
Roger Goodwin 1,527,830 0.83% 2 M p
Liontrust Portfolio Management Ltd. 855,724 0.46% 1 M p
Clive Whiley 100,100 0.05% 125 039 p
Dimensional Fund Advisors Ltd. 73,670 0.04% 92 024 p
SVM Asset Management Ltd. 44,260 0.02% 55 287 p
Mladen Ninkov 33,001 0.02% 41 223 p
Universal-Investment-Gesellschaft mbH (Invt Mgmt) 17,156 0.01% 21 430 p
Linda Naylor 10,000 0.01% 12 491
Tiny little per centages, but they're onboard. perhaps this is what's driving the shares.
Whilst welcome I can't put my thoughts into why GFM is gradually rising. Zinc has been higher - but it has been much higher. Gold is high, shares have been cancelled, there are more purchases than usual but there is no other news. I agree that GFM could / should be trading at 180p to 400p.
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%