Transaction in Own Shares 11th February 2011 Griffin Mining Ltd ("the Company") announces that on 10th February 2011 Panmure Gordon purchased 100,000 of the Company's own ordinary shares ("Ordinary Shares") at an average price of 65.5p per share on behalf of the Company in accordance with the irrevocable and non-discretionary arrangement with Panmure Gordon, as announced on 1st February 2011. The Ordinary Shares have been purchased for cancellation (the "Purchase and Cancellation"). The purchase represented 0.05% of the Company's issued share capital before the Purchase and Cancellation and was pursuant to the byelaws of the Company and a resolution passed by the directors. Following the cancellation of these Ordinary Shares there will be 178,891,830 Ordinary Shares in the Company in issue. There are no shares held in treasury.
told you its so obvious !!!! Transaction in Own Shares 9th February 2011 Griffin Mining Ltd ("the Company") announces that on 8th February 2011 Panmure Gordon purchased 100,000 of the Company's own ordinary shares ("Ordinary Shares") at an average price of 64p per share on behalf of the Company in accordance with the irrevocable and non-discretionary arrangement with Panmure Gordon, as announced on 1st February 2011. The Ordinary Shares have been purchased for cancellation (the "Purchase and Cancellation"). The purchase represented 0.05% of the Company's issued share capital before the Purchase and Cancellation and was pursuant to the byelaws of the Company and a resolution passed by the directors. Following the cancellation of these Ordinary Shares there will be 179,041,830 Ordinary Shares in the Company in issue. There are no shares held in treasury.
good move by griffin to appoint panmnre gordon they can obviously manipulate the price and get shares cheaper than griffin themselves . shake a few people out of there shares ,buy them make a profit for themselves and griffin well done lol
so thats why the price has dropped ! seems like its being held down so they can keep buying there own shares on the cheap ! but it cant be held down for ever just keep the faith £1 in six months or sooner imho !!
take a look sounds good http://www.proactiveinvestors.co.uk/companies/news/25182/ggg-resources-is-most-promising-exploration-play-in-the-market-collins-stewart--25182.htm
morning , yep totally agree just by the fact that there are less shares everyday ! these should be increasing , but they have had quite a good rise all in one go so maybe its just catching up with itself ? but to clarify there position ,they are debt free ,cash rich, lots of metal in the ground, ramping up production, found gold !! and own a share of spitfire oil ( maybe not one of there best ideas ha ! ) but its all paid for . and they were over £1 before the big crunch !! good luck !!