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I am no longer invested and was worrying about a very positive result third quarter. It seems he is keeping cards close to his chest, but remember they are in share buy back mode and so will underplay any positive results. All I will say is "I have seen this pattern before and it usually results in a positive outcome further down the road, when least expected" Good luck to everyone, I hope I wont regret bailing out after all these years, but still believe another 40p - 60p is possible
I really do wish all parties would allow the free flow of thought and opinion without this online societal thought police, but I can only live in hope of rational debate and not attempt to impose my wishes on others
I got stung twice before being greedy when I had all I really needed and as you said the falls, the falls yhey hurt much more than extra gains I know (I think) will come... up today another 12+ I could have had
It may sound strange with a buy whilst I am selling and I know with the 3rd quarter due in early October I could HOLD ,but having been with Griffin since the early days, I have had a great ride with gains and losses (when the mine shut). I am now retired and have seen Grifgin give me a great profit and a potential extra 150k makes less of a difference than a 100k fall.
SO I WISH YOU ALL WELL! I BELIEVE GRIFFIN HAS ANOTHER 50P RISE IN THE COMING MONTH (s) AND I WILL TRY NOT TO REGRET THAT
Fairly underwhelming result and content and another reference to Jam tomorrow.
Whilst still recommend buy a big drop in target price.
Results due
Are they already in the know?
July results should be spectacular for half year production, although prices are edging down still. The board will need to address the elephant in the room by the time of that announcement.
My shares are held with IWEB part of Halifax share dealing and I have received no notifications at all and with 700k shares between myself and wife,we hold a significant amount of worthless toilet paper and have received nothing no communications zilch.
Initial market response has been disappointing for me > a more detailed announcement needed Zinc price clearly a factor
As I expected no news was / IS GOOD NEWS. Now lets see the shares fly and an announcement about dividends.
Been very quiet, so no news is good news for me after covid affected LY 1/4 , I Topped up my ISA on the hope of gr8 news on production, Hopeful I will be exiting this year after a long hard ride, lots of downs, but some nice highs too.
I couldn't resist and bought back 25000 back today
Well! I took a punt and I have taken a big hit, but this was always a punt and I am happy to see some positive news and reaction as I have already written these shares off. I still believe the scope is massive, but we are now so far behind the curve after so many wrong turns.
Well that announcement went down like a lead balloon thought that might have given the shares a bounce.
It must be, or where they NOT certain they could remove funds and it was a trial?
Whilst they have failed to respond to my email, they have taken action with 15million dollars transfer today which by all accounts went smoothly.
It was interesting they referenced investors concerns in the release now we would like an indicator of when dividends will start to be paid.
I still believe this is massively undervalued and whilst I promised my wife not to reinvest our retirement nest egg !?
The figures for me fine following closure and prep work on new zone. Having been invested here since the start this statement reads like many before as a flat dampener. They normally have these statements before more bullish statements which is why we have so many peaks and troughs on share price.
The dividend issue still a cloud that CEO needs to address head on in his NEXT STATEMENT.
Not at a dickie bird
In answer to my own question!
I have asked contacted Griffin with two specific questions
1. Do they have a problem paying share dividends (as this is spooking market)
2. Why no further share buy backs ?(after buying back at much higher prices)
I await a response!! In hope rather than expectation
What am I missing?
Only thought is market concerned over dividend payments?