Member Info for Pilko

Hi Skop............ Fed up waiting for GFM to come good. What do you think ? Start reducing ?

Bit worried here Skop ! We are aware that maybe just 2 sizeable individual sellers have taken the price down but have the MMs also decided that China is too risky and downgraded as well ? We all know 2021 profits will be very good. Any thoughts ?

Thanks for that Skop, I agree. My next most profitable holding is SigmaRoc SRC which you might like to look at ? :) Still worth a buy.

Hi Skop, my own fag packet minimum forecasts for 21 and 22 PBT are $32m and $38m (1.1m/1.5m tons processed and Dec 20 prices). Should be enough to get to minimum SP of £2 ?

Spread back to 8p......ridiculous. 2020 results will be out next week.

GFM should spend all $10m on shares now, before the price goes up !

Hi Skop, Treasury shares have been cancelled in the past thus reducing shares in issue (and increasing current share values).
In practical terms, the share options will happen anyway (so more shares issued) and cancelling Treasury shares will offset (whether one transaction or two).
Hopefully, the then rich directors will leave us significantly better off as well !

SRC has £125m available for acquisitions and expected action and announcements by 31 March.

Is it possible that the Chinese authorities have a dislike to dividends ?

$17.7bn of metal in the ground - Shall I offer $1.7bn for it ?
Hang on a minute - £3 per share for GFM costs £520m - I'll buy that instead !

Yes, all good news Skop/UB ! We can just sit tight and see what the next 6 months unfolds..........

The only negative was gold in concentrate dropping 20% on last quarter but that does vary.
Skops forecasts are always dependable so I too am staying and waiting for the market to recognise the value here.
Well done to all the Management for keeping this business in good shape..

Yes, great news indeed ! It will be interesting to see where the price settles in the next day or two. My guess is 115p(bid). The future should then depend on the price of zinc. Skop will give us likely profit forecasts in due course. Knew I should have had more shares !

Hi Skop, Your figures encouraged me to buy 12,000 at 69.5p so I am smiling now......... with thanks Trev

It was August 2019 when GFM reported that the licence was accepted and should be issued within 50 days max. Since then....... nothing. Anyone know any more ?

Thanks for your info/estimates/opinions Skop.
As a retd qualified accountant (but lazy) I concur with your entire post.
At 63p I feel I should buy more but maybe a wider Inv Trust from 5800 will do just as well ?
Thanks again.

Good news Skop. Done any figures yet ? Much appreciated...... if so.

Zinc on the floor again. What do you think Skop ?

Should have bought yesterday Skel.........

Dick swinging ? Not your usual use of technical terminology Skop !
Good post tho and thanks for your assessment.