Griffin Mining Share Price (GFM)

Yes I would agree over years they will have more upside. But in a shorter term I suspect we will see minor uos and downs with more downs than ups.

Depends over which time frame you define the trend I guess. Also depends on the time frame of your personal investment.

If your time frame is another 2-3 years the trend is certainly on the way up ?

I think we all know the trend is downward. The same scenarion as last peak 3 years ago. Speculation of a dividend which did not come. This time Wall Steet was pumping these shares at an estimated fair value of 2.78 and potential good results all added with hope of a dividend pushed them to a peak again. So now what? People are taking profit while they can and so the decline sets in. There will be no stability in share price until Griffin realises they need to pay a dividend. Taking 10 million spare cash to put in a share buy back scheme was kicking sand in shareholders faces. Be realistic how will 10 million on their capitalisation do much for the share price.? What are they really trying to do? Buy out all the small public shareholders. Perhaps are it a private company with a few major shareholders..? It does not really matter what the share price is. They are and will be making huge profits with no debt. They are not shareholder orientated. I sold my large holding and can buy back on the next low probably.

It’s not up to panmure to pull back as they’re buying under an irrevocable agreement funded by griffin mining.

Just a few weeks ago in the results the chairman confirmed that the share purchases will continue.

Panmure are also repping the company so also are advised to acquire shares at the best price possible surely

Someone on ADVFN reckons Panmure have stopped buying back, doesn't justify his statement though. Price had been recovering at endof day upuntil now, so you've got to wonder howmuch support was on offer. It Doesn't make sense to suddenly pull the rug away. Maybe some news in the offing? or maybe tjey reckon it'll start supporting itself?