Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
disgusting manipulation by the company to keep the share price at rock bottom to grab cheap shares back no positive news for ages , its a joke ! I am no longer in this share but I am still disgusted by what I see , good luck all still here juggler
13th September 2013. Griffin Mining Ltd ("the Company") announces that on 12th September 2013 it purchased 40,000 of the Company's own ordinary shares ("Ordinary Shares") at a price of 29p per share. The Ordinary Shares have been purchased for cancellation (the "Purchase and Cancellation"). The purchase represented 0.02% of the Company's issued share capital before the Purchase and Cancellation and was pursuant to the bye-laws of the Company and a resolution passed by the directors. Following the cancellation of these Ordinary Shares there will be 175,321,830 Ordinary Shares in the Company in issue. There are no shares held in treasury
nice rise more to come diamonds coming back in favour
I think the management are consistently giving negative feed back to the market just to lower there share price and buy back there shares on the cheap ,very annoyed and I sold out ages ago !!! Transaction in Own Shares 29th August 2013. Griffin Mining Ltd ("the Company") announces that on 28th August 2013 it purchased 20,000 of the Company's own ordinary shares ("Ordinary Shares") at a price of 30p per share. The Ordinary Shares have been purchased for cancellation (the "Purchase and Cancellation"). The purchase represented 0.01% of the Company's issued share capital before the Purchase and Cancellation and was pursuant to the bye-laws of the Company and a resolution passed by the directors. Following the cancellation of these Ordinary Shares there will be 175,361,830 Ordinary Shares in the Company in issue. There are no shares held in treasury
I just think some people invest when they see a broker rating and if its not high enough or when it gets near they start to sell which starts to bring the price down ! it just seems to slow the rise down a bit until further news etc.
Junior firm DiamondCorp (LON:DCP), for example, has seen shares rise over 46% since late July. Last week, it told investors the underground development at its 74% owned decent grade Lace mine in South Africa was on schedule and on budget as it drew down the first £1.9mln tranche of the £14mln project finance facility. Once fully commissioned Lace is expected to produce half a million carats a year, with the firm earmarking first kimberlite production in 2015. Charlie Long, at broker Sanlam, recently described the DiamondCorp story as having "only just started". "DiamondCorp is a success story based on having a viable mine and being fully funded," he said. "There are, of course, various risks associated with the underground development phase, but DiamondCorp has got further than most junior miners. It is looking to add to its portfolio of projects, potentially diversifying outside of South Africa," he added. City firm Panmure was also upbeat on the company's progress maintaining its 'buy' stance and saying that first diamonds from the tailings re-treatment works expected in October would be the next catalyst to push the shares up to its target of 19p (current price: 5.50p). Elsewhere, since early August, Gem Diamonds (LON:GEM), which operates the world-famous Letseng mine in Lesotho, has seen shares cruise up around 14% and the year so far has been a productive one. The miner has reported a 32% increase in carats for its Letšeng resource as well as a 2.1 million carat mineable reserve at Ghaghoo, another mine it is developing in Botwana. Its recent half year results, which confirmed lower than expected costs and a strong balance sheet, prompted broker Westhouse to lift its target price on the stock by 30 pence to 180p and keep its 'add' rating. Analyst Rob Broke said the miner's strengths are its options to add value at either Letseng or Ghaghoo, alongside good cost control. He said that despite the recent strength in shares, he still recommends investors add to their portfolios. Perhaps the biggest indicator of an upswing in activity among the small caps was Stellar Diamonds’ (LON:STEL) placing, announced in July, which will raise £940,000 at 1pence a share - a premium to the current 0.975p price