focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
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https://www.telegraph.co.uk/business/2021/05/02/spending-spree-boost-commodity-prices/
Two articles in the Daily Telegraph over the weekend expecting commodity prices to rise and stay high for many years. Might be subscription only reads.
https://www.telegraph.co.uk/business/2021/05/03/commodities-supercycle-set-make-generation-investors-rich/
I anticipate a" token gesture" dividend this year to give market confidence for subsequent years.
It's certainly possible that dividends will start this year although at least $10m will be spent on the new licence areas. Roger said that his "American friends" prefer share buy backs. Wonder what Richard Griffiths prefers?
I think the dividends will start this year. There are no reasons I can see why not, zinc prices are remaining high, the future looks rosey. We have certainly been patient.
Can't think of one negative. Cash in the bank, cash rolling in massively. PoZ and PoG at fantastic levels for profitable mining. Processing ramping up this year and next to sweat the paid for assets on a fixed cost business. $bns of metals in the ground and increasing resource. Share buy backs at a very low SP. Likely divis in 2022 will boost the IIs on the share register.
SP should start with 2 in 2021 and 3 in 2022.
Not too many negatives with this one.
Get in there...... ! Strong buy.
This is A CASH COW ??
Price clearly not reflecting the 10% saving in smelter deductions, and the general production costs and then the increased in commodity prices and this in addition to larger production in the first quarter and more to come. DYOR but seems a strong buy. I wish I hadn't sold half my holding, but it does help me sleep at night Griffin having already given me and my wife a healthy retirement after many years of ups and downs and false dawns I couldn't risk another still holding a decent chunk. Good luck to investors new and old. still more to come IMHO.
I think the trades at 146.5p were buys. I bought 8,46 @ 145p in my wife’s ISA. Total holding nearly 250,000 shares.
What a cash cow increasing dividend payer this is going to become, hold for dividends!
An interesting interview indicating the very strong future of Griffin Mining and future considerations for dividends. Undoubtably we will eventually see strong increase in share price as mining and profits ramp up. Well worth listening too.
I really like this interview with Roger....its provides an amazing in site into this companies future..
The interviewer makes me laugh, super, Jesus ch@#st!! BUT amazing potential here. Wow. surely this has only one direction to go. No debt, dividend to follow, and described as a cash cow..! what is there not to like here??? New zones coming into production..
wow. c. 10% more on 70% of "our" revenue? I'm not selling for less than 380p.
Thanks for the link - very positive.
Thanks for posting. GFM finally looking to get some traction.
GFM should spend all $10m on shares now, before the price goes up !
I don't have a lot in Griffin, certainly won't sell under 200.it'll come.
MMs keeping the price low, punters think the action is over, and GFM hoovers up the shares. Well they are not having any of mine!
Hi Skop, Treasury shares have been cancelled in the past thus reducing shares in issue (and increasing current share values).
In practical terms, the share options will happen anyway (so more shares issued) and cancelling Treasury shares will offset (whether one transaction or two).
Hopefully, the then rich directors will leave us significantly better off as well !
100% agree.
I'm happy to put these away for 6/12/24 months.
Wonder what GFM will do with the shares. Buying the shares takes money out of distributable profits. Cancelling the shares decreases share capital = increases EPS. However they can also be used to satisfy the exercise of options. Given the BOD have lots of options at below market price, using distributable profits to buy shares at, say, 130p then selling them to Directors at, say, 30p is a transfer of distributable profits from one set of shareholders to another = effectively a targeted dividend.
Happy to see the momentum traders and short term holders selling at these levels and being mopped up by the company buying back its own shares. There may be further selling on H2 2020 results, but frankly they are pretty irrelevant. I am more interested in the rate of growth in mined volumes and current ore grades