The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen 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.
Very positive RNS, the chairman has warned about not receiving the approval. I am hopeful that they will now start with dividends as that particular risk has now gone away. The brakes should now come off the share price!
Alan, It may be short lived in the short term but time will tell. At least the moderation is a lot better on this site meaning GFM can be discussed.
https://www.zerohedge.com/commodities/lme-zinc-hits-14-year-high-european-smelters-halve-output-amid-energy-crunch.
Looks as though they have no shares to sell!
I think the increase applies to all commodities, the market thinks that inflation is on the way.
Any specific reason for the rapid rise in the zinc price?
Many thanks
They only do the financial figures twice a year, production figures every 3 months. We can only extrapolate out from production and selling prices what we think profits will be. Zinc on a roll up another 3% today, inflation is going rampant. GFM the place to be at this low level of pricing.
It might be me but couldn’t see how much profit we made in the third quarter.Anybody help!
I reckon the NAV per share can only have gone up from $1.41 which makes this look relatively cheap to me.
Very acceptable production. Gross zinc price was below $3,000 for most of Q3 and above $3,200 today. Fingers crossed that there is no production disruption and zinc goes even higher from here. Q1 2022 looks like a write off for production but as it's been so well flagged mine improvements will be actioned. Presuming Zone II final sign off is received Q3 2022 looks like being over 400,000 in production with even higher prices.
GFM should move either way today,
bad time there is some movement up
Q3 production should be released next week. On the last broadcast Roger said they couldn't get hold of any shares as there aren't any sellers. Surely in the 2 months since then they could have found the odd '000 shares to buy.
I find it very interesting that none of the options have been exercised since January which gives me great comfort that there are no problems on site.
personally I think the management philosophy is very poor.
A very badly timed share buy back scheme.
Now the price is 50% lower they are showing no intention of share buy backs or dividends
We must be throwing cash off with zinc at this price. Maybe the Board are holding onto the cash to pay a dividend. I wonder why Roger said they couldn't get hold of any shares. 10,000 were bought this afternoon so could be by the Board?
Some say that zinc and lead haven't been invited to the super cycle party due to over supply. As for copper I'm invested in Atalya which in my humble opinion is undervalued despite the price of copper having been elevated for most of the year and is likely to go higher.
add zinc to this article
https://www.mining.com/copper-price-up-as-inflation-runs-hot/
The price of zinc has just broken $3k/mt. However, there seem to be mixed messages on whether to expect zinc to remain in surplus. Any insights?
Does anyone else think it's time to buy?
Poppyc%ck. will the price falling there are shares being sold that could be bought.
Upbeat video. Lack of fluidity of shares - interesting.
Good interview, the only negative talked about going forward, was the difficulty of not receiving explosives in February 2022 due to the Winter Olympics!! Scrapping the barrel on the negatives, but plenty of positives! Interesting comments about share buy backs, not being able to get hold of shares! Why on earth is the share price as it is, should have been a question! Looking at dividends, good to see the interviewer being a shareholder and suggesting 1p a quarter. I think the pressure is mounting to introduce one, sooner rather than later, could drop anytime is my opinion. Interviews like this increase the pressure, it is being considered. No debt, self funded for expansion and cash generative. Start rewarding the shareholders for their patience.
Board really letting us down here not buying shares or issuing some confidence boosting dividends.
Waiting game here now....