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On my board it’s stated £1 million buys today ,but no details.Any idea what’s that about?
13 blocks of shares between 12.24 pm and 12.26pm.Similar amounts and all sells.Very mysterious
surely just profit taking there. it's holding firm today.
This has to be a target for one of the BIG players now with that much metal in the ground. Would not surprise me if a BHP, RIO, KAZ came along and put a cheeky bid in !! Albeit navigating Chinese takeover legislation may be a bridge to far for any company!!
At least the madness of this morning seems to have subsided.I knew my comments from this morning would have an affect! Onwards and upwards tomorrow
On another board it has been posted that IG have cancelled trading in CFDs and spread betting for 1000 shares, including GFM The flood of selling that triggered seems to have dried up.
Down nearly 10 per cent.Has the world gone mad!What would the price be if we had a lousy rns? 5p! Roll on £5 a share
No I’m not selling.From experience it’s more annoying to sell too early than too late.Why milk a cow for a few drops when there are litres to be milked in the near future!
Who's selling? Probably all those people who bought in at 20p and 40p over the last five years. Wouldn't you?
What about the poor cows, are they not to be milked anymore?
Even more incredulous at today’s decline.Who on earth is selling today after yesterday’s rns?Views?
Exactly Mattjos. My colleague is a very sophisticated investor. He is very comfortable with GFM making up 30% of his very substantial portfolio.
It seems straightforward. Processing is ready to accept 1.5m tonnes a year. The metal deposits have been surveyed so they know where is best to dig first. A lot of work has been done in anticipation of the new licences so they need to complete this during 2021.
They probably have someone starting work on licence extensions already.
No need to get distracted except for surveying over surrounding areas.
The only risk is the Chinese Government which I think is minimal as the local party owns 11.2% so I would think they will be happy to keep milking that for ever.
Rarely post on LSE as I am ore often on the 'other forum' where i have set up a thread for Griffin but, i completely agree with your analysis Uncle Bean. My initial price target was circa £3 for 2022 when i was buying last summer but, I have now moved that up to £4.00 to £4.50 for 2022. Current market cap is less than 2.5% of the in-ground metal value & that is simply wrong. Thereare not going to any issues with regards Length of Mine for over 25 years & neither should there be any 'Execution Risk' applicable given managment's delivery to date at Caijiaying. It's almost as if the market is still struggling to comprehend the scale of in-ground metals. Berenberg's next note will surely have nearer £2.25 as the next near-term target price.
My first purchase was on 3rd October 2008 - 25,797 @ 24.03p and have accumulated a lot more since. I have a work colleague who also bought before we met. Our consensus is that after initial proof of delivery a price around 400p would be fair.
After such an amazing rns I can’t believe the share price is not over £2. Does anyone else have any views on the price?
Excellent update this morning on reserves . I like the comment that patient long holding shareholders will at last be rewarded. Now I say it will be in a big way, possibly a handsome dividend besides a £3 + share price within a year.
$17.7bn of metal in the ground - Shall I offer $1.7bn for it ?
Hang on a minute - £3 per share for GFM costs £520m - I'll buy that instead !
This welcome news underpins my earlier 2022 fair value of 250 p
Fair comment but I’m a moaner by nature ??still thought we would have got more of a rise..
I won’t be selling any time soon!!
Well, to be fair it has risen around 100% since the initial relevant news; today's RNS was just confirmation of what we already expected. But it's still masively undervalued so will continue to rise. I prefer slow and steady.
Fantastic news, shame the increase in SP hasn’t reflected it!!
In layman’s terms, we’ve just discovered another mine the same size as we had, on our doorstep that’s going to need next to no capital infrastructure costs, that’s going to lead to an 80% increase in production and the share price rises 8%... !!! unbelievable!!
And there's more silver resources (88 Moz) than Adriatic Metals ADT1 (68 Moz), which is neither producing yet nor has its mine built, but trades at a higher market cap.
Wow, we have 17 billion pounds worth of resources at today’s prices, with the hint by the chairman that there is still a lot more, and we are valued at 250million? We already have most of the infrastructure in place and will be generating heaps of cash. We could be at the start of a great inflationary bull market in commodities. What a great opportunity we sit upon to see a substantial rerate, and potential predator interest.
Surely they will need to reinvest capital to the news zones next year or two. Dividend 2022 earliest i think
I don't expect them before the latter part of April at the earliest. We pretty much know the revenue so 2nd half costs , CAPEX and cash balances will be the interest. I would suspect that the later they are released the more chance of a dividend being declared as there will be more visibility of the ramp up of production and the associated CAPEX requirements. Personally I'm expecting a token 2021 interim payout.
Any sight of when the final results are due. I realise all's been ****-a-hoop due to Covid, but interims were June. Surely an announcement soon? Is that why MMs are dropping the price again?