Member Info for UncleBean

Surely technicals are irrelevant for a share that is not generating income?

I don't know about 7p but my records say I bought my first GFM shares on 3rd October 2008. This sounds wrong as I was first put into GFM by a neighbour I haven't seen since 2001. I think 1998 is more likely.

Up until 2018 I traded in and out well. In 2020 I bought several tranches more totalling 85,632 shares at prices between 36.7p and 90.18p.

2021 was a disaster for me as I got sucked in to buy more at 113p, 108.65p and 130.38p.

Currently I hold 264,203 shares at an average purchase price of 59.71p. 135.41p = £200,000 profit

Interestingly (to me) GFM was 140/145p on 11/2/21 when 3 month zinc was 2792.9 which is currently 2794.6. There was a lot of excitement at the time but the mine has massively progressed since then.

With institutional investors catching on, the big holders reducing their blocking holdings 300p is definitely possible IMO.

If this was in USA it’d be worth over £700m, probably over £900m.

Realistically a few consistent dividends (7p + a year announced soon and again in a year) would get us to 240p IMO

Whilst welcome I can't put my thoughts into why GFM is gradually rising. Zinc has been higher - but it has been much higher. Gold is high, shares have been cancelled, there are more purchases than usual but there is no other news. I agree that GFM could / should be trading at 180p to 400p.

Not massively important but the trades in excess of 13.0p are buys. Current spread is 13.0p / 13.22p

Good luck with that! This is what they thought on 7th October 2021.

BERENBERG CUTS GRIFFIN PRICE TARGET TO 175 (200) PENCE - 'BUY'

I think we are going to get a restatement RNS later today. The Annual totals might be correct. The totals quoted for 31 March 2023, however, are actually to 30 Sep 2022. I suspect then that the 31 Dec 2023 figures are overstated due to them being derived from the annual totals.

Any comments from those who claim to have a direct line to the BoD?

Funnily enough I think it's self fulfilling and not leaks. Every 1p drop shakes more into selling to avoid even bigger losses. If the finance is agreed then the terms are unlikely IMO to be vastly different to what was on the table several months ago so any insiders knew that.

I doubt anything has changed regarding dilution.

Well I can sell all mine on ii for 22.2751p. Don't know about buying as I have very little cash in my ISA.

PIs buying in the hope of getting in very cheaply or does somebody know something good?

Now the dust has settled a little. What has happened over the last few days?

Are the options-

A few PIs have made a trading profit and taken their money off the table?

The finance isn't going to be for the full $80m and someone in the know has been shorting?

Lots of people are nervous as the time is short? There's nothing wrong with being risk adverse and selling. Even if you buy back at a higher price selling now might be the right decision.

People on this and / or other boards have ramped enough people into buying now sell and laugh as they count their profits?

The MMs have triggered a fall to hoover up stock?

I'm sure there's a million possible reasons. Those that have bought today are they a) brave? b)stupid? c) going to make a stonking profit? d) going to lose all their money come Friday?

Now the dust has settled a little. What has happened over the last few days?

Are the options-

A few PIs have made a trading profit and taken their money off the table?

The finance isn't going to be for the full $80m and someone in the know has been shorting?

Lots of people are nervous as the time is short? There's nothing wrong with being risk adverse and selling. Even if you buy back at a higher price selling now might be the right decision.

People on this and / or other boards have ramped enough people into buying now sell and laugh as they count their profits?

The MMs have triggered a fall to hoover up stock?

I'm sure there's a million possible reasons. Those that have bought today are they a) brave? b)stupid? c) going to make a stonking profit? d) going to lose all their money come Friday?

What I don't understand is if the "transformational" finance was on the verge of being signed why aren't contacts of those in the know buying? Or maybe they are in small quantities to avoid suspicion.

I was first trade of the day today. I'd given myself a hard time for not buying more during the day yesterday. Fortunately got over that and can already sell at a profit so relieved.

All means nothing until the terms of any financing are agreed and released. Could be any price 9higher or lower) so a gamble but one I'm comfortable with.

I agree that a dividend is long overdue. Even 0.9p would give a 1% yield and cost less than £2m. This might put the share on institutional investors radars. If this mine was in almost any other country than China the SP would be a lot north of £2.40.

The zinc price is very low at the minute but has been recovering - the last two days particularly.

What happened to the zinc price just before 11am today? Up about $90 in 20 minutes

Who’s buying this morning? Punters sucked in or people who know good financing is almost signed?

It wouldn't take much to put a RNS out to say when the interims will be published.

That's what I thought.

Either:-

The BoD is determining how huge a dividend to pay; or

The old maxim of bad numbers taking longer to add up;

is true?