We would love to hear your thoughts about our site and services, please take our survey 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.
I expected it this week, could be Covid delays. The results should be very good, with possible further news on what the company strategy is now that all mine extensions plans have been approved. The share price is dreadful. I would like to see a sale, or start of large distributions back to shareholders.
GFM share price will turnaround very soon,
Is it just me who looks for a RNS half year report daily at 7:05? Anyone know when the results will be published?
Hanser I did ! That said great to hear from you again after so long.\I hope all is well in your world.
I doubt he and GFM's brokers are wrong but feel free to contact him yourself
Thanks Impatient. Hopefully this board will remain grown up and civil. It is almost impossible to predict an SP given the role of sentiment and commodity volatility. Looking to 2023/2024 , assuming commodity prices are firm and sentiment improves I believe that todays price will appear cheap. I have seen projections by others suggesting this could 3 or 4 bag from here but who knows. My view is that the age of the BOD will be critical regarding retirement, dividends and potential sale. The thing is with GFM is that it is a sound company where the BOD don't keep coming with their begging bowl. A rare commodity on AIM!
You had better email Roger and tell him he is wrong then!
Sageman - You are incorrect regarding buybacks in the closed period. I refer you to the RNS 7 April 2021
Welcome Sage, good to have you on board. I have been a lifetime lurker on the other board but I agree with you it’s just got too much. Where do you realistically see this share price going in your humble opinion?
Interims are due so GFM are in a closed period with no buy backs allowed. I suspect that the current SP weakness is due to systemic risk (ie China related as opposed to GFM specific). This is a good opportunity to buy
Hi volcano. The shares held in Treasury before the buy back programme started was already 540,000. 399,799 shares have been bought this year so far. I don't think $1m in purchases has been completed so we are less than 10% through.
Chris, i think GFM reached the target of $10m buying the shares.
3. the aggregate number of ordinary shares which may be acquired on behalf of the Company in connection with the Share Repurchases shall not exceed $10 million in value.
The total number of ordinary shares of the Company (including treasury shares) following the purchase is 174,892,894. The Company now holds 939,799 shares in treasury. The total voting rights of the Company following the purchase is 173,953,095.
The drop goes against the potential with the new licences. I am sure we will find out soon enough. I would like to more company purchases, and a director buy ( after closed period and half year results). I also hope for a start of a dividend, and an interest in a buyout. We are at such a discount to NBV and with such potential for future profitability, somebody must be interested at this valuation.
Maybe a rise in covid cases globally that could trigger lock downs and mine closures In China?
Perhaps a fear that China may revoke licences as international relations sour?
We've added billions on resource and increasing production with metals markets holding firm... something doesn't add up.
The company bought their own shares at £1.40 but not a snif now they are 90p !!
Maybe just grin and bear it; possibly just tree shaking prior a resumption of buying...
https://www.spglobal.com/platts/en/market-insights/latest-news/metals/070121-china-steel-market-expected-to-weaken-in-july-amid-rising-inventories-platts-analytics
It could be that the flooding that China is suffering is a worry on peoples minds! It would be beneficial if company released a statement on how they have been affected.
They must be out soon, just cant understand this drop.