Surely if China does turn into a black hole then gold price will increase further and profits of griffin.
I think the major issue as it always has been is the geopolitical risk of operating in China.. I’ve held for 7/8 years now and always been worried about a nationalisation of mining if the war with the west gets too intense.
I can really see the exit for us shareholders being a Chinese major buying the mines or griffin as a company.
So in reality, turnover and profits will be substantially higher 2024 given current price of gold and zinc.
New increase JORC coming in 2024.
Share buy backs ongoing leading to eventual cancellation of shares
Zone 2 online in 2025
Lots of be holding for
Fact is the company are committed to purchasing shares and an orderly market so this will just set a new “base” for the share to move on up. Panmure probably bought another chunk today and will be announced tomorrow.
Ultimately, the shares in treasury will also be cancelled too which will support the share price
We … AND the company know that the share price deserves to be far higher than it is. Zone 2 not even in the numbers yet and profits are due to be exceptional this year with the price of gold now at over $2300.
UK shares just are not loved enough and there is still this anti China rhetoric I feel.
I’m very surprised a big Chinese major hasn’t taken the company out when it was so very cheap
Hi.
Do we know when zone 2/3 numbers will start feeding into the production or have they already started?
Some one said if this was in US would be worth 700m I think well over a Billion given some of PE multiples over the pond!
This is dragging on and on isn’t it. I can’t believe a state that has such a mining pedigree can have such big back logs and be taking so long to come to some form of conclusion.
Worrying the longer this goes on…..
The anticipated increase in capacity form early 2024 should feed through to increased revenues and profits. I think it has been muted how positive this will be considering it was funded without debt and by our own clients?
Also - the recent influenza emergence in China - a stark reminder how important Hvivo are in a post Covid world!?
Bond yields shouldn’t have any effect on us as there is no debt!