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It would appear the markets and buyers are gaining confidence by the day that with China relaxing rules around covid and production exceeding expectations in December along with expected revenue increase with 12 month production this year rather than last year's 5 month figures this could well meet Zak's £1.40 estimate. Just need everything to tick along nicely. In a weird way I would rather no communication until next trading update.
The last time someone posted something relating to chart break outs the price went from 70p to 130p+ within a month.
clearing 200 day average; seems to have been a number of buyers lurking in the shadows. looked worrying yesterday, as SP bounced off that 200 day. Downside is the market still doesn't know where it's going, so we can't assume a return to growth in SP.
Somebody seems keen this morning!!
I doubt it’s that. Probably a broker putting their clients in as a proxy on the zinc/ gold price. Could be churn from the option holders.
At one point this afternoon I got a slightly higher sale price v buy price (87.9p v 87.8p) so there must have been a shortage of supply.
are we awaiting long overdue sign off and permitting on Zone 2 and 3 plans?
Seems to be very delayed although I am aware China has been in lockdown and probably very very slow.
Just read an article on China changing its stance on capitalism etc to be welcoming. If (a big if) true then GFM can have a significantly higher rating. More research and then pile into shares that make money in China.
This share has been good to me and very happy to see the small jump this morning. Very optimistic about this year. Got in way back in early 2000 at 7p when I cashed in some dot com shares at their peak and popped £2000 into GFM. Sold a 1/3 in 2007 at a £1 and another 1/3 very luckily at £1.50 during the 2018 spike. So it owes me nothing and if I can get £20,000 for my last 10,000 share I will be very happy!
production down on everything but the prices paid are slightly higher
Not too bad considering what restrictions have been placed in Company , for me the downside is silence!!! On Dividends!!!!
GLA LTH time to Dish out the Dosh!!!
With China finally taking a sensible approach to Covid, I'm hoping for a slow trickle upwards.
Something afoot?
I looked at the accounts again to see when the options expire - 31st December 2023. Also reminded myself of the break even point (zinc price only) of c. $2,550 giving the reminder that there is a cash cow underneath the disappointments. Someone must have been reading my mind.
I'm the 10,000 buy at 66.52p. Hopefully GFM still has 7p in cash in non China accounts. OK. I know all of GFM future returns are a hope, cross everything but 2023 should be really, really good. OK. So should 2019, 2020, 2021, 2022..............
i Suppose that kicks any prospect of a Dividend into the long grass for the time being, ???
GLA LTH Disappointing even though the CEO trying to put some bright spots on it
Everyone off site including Accounts? Where's the Q3 production RNS?
A dividend or share purchases would be perfect in $s at the current $/£ rate.
I find it very interesting that no options are being exercised and sold.
Did this not happen last year?
Political interference never goes down well
Where will the Sp go today ???
GLA LTH it’s annoying
I think we are up for sale, and is the concentration rather than dividends.
With no dividend and a share price seemingly stuck in the doldrums the question "why should I invest in Griffin ?" seems to keep popping into my head !!
I get the feeling that this was nothing more than an attempt to convince people that the companny was worth investing in. Be more credible if they made moves towards a dividend. 7p a share would be very convincing.
Well that announcement went down like a lead balloon thought that might have given the shares a bounce.
It is certainly positive.