millwallfan
03 Jun 2018
Re: 2 months and counting...CD and Sage Hi CD. Trust this finds you well. Golf handicap pretty stable after a big drop last year from over 16 to 11.7 and gets tougher now in early 60,s. Do you still play and Do you still have some roots in sunny Essex? I think sageman plays so if we ever reach £2 how about us three meeting for a game either equidistant from our bases or I’d be happy to host you both at my club - Orsett - probably one of the top 3 members clubs in Essex. We three are probably amongst the longest members of this board
Chinese Dragon
02 Jun 2018
Re: 2 months and counting... Now MWF stop getting so excited, it will do you quest for reduceing your handicap to 5 no good whatsoever , you never know the GFM BOD just might just relent and reward us LTH with a small interim divi , then all us posters could afford a couple of nights jolly at "BUTLINS " to celbrate or is that wishfull thinking ?CDPS Quite pleased how the SP has held up since the Y/E figures were released
hanser
02 Jun 2018
Re: 2 months and counting... ...........roll on August
millwallfan
01 Jun 2018
2 months and counting... to probably the most critical set of interims for many many years. If the company has sustained or exceeded the performance levels achieved throughout 2017 then the transformation will be complete and the P/E ratio should be revised to a more realistic level to reflect a debt free, highly profitably and HOPEFULLY decent dividend paying company. And thats without mentioning the dreaded word beginning with 'L'.
Still learningafterallthistime
24 May 2018
Re: These share buybacks...your thoughts? I think you're right, they're bored.... I don't think they need to defend the share price; not in their nature. I guess they think it is a good idea as they must think the company is worth more. Small quantities means they don't move the share price, I guess. While I'm not a big fan of some of the Board's practices, they are delivering and I imagine most of their focus is on the mine and new licence, although when the other side doesn't engage, that might mean a lot of sitting on hands and then throwing cash at each other... and then buying the odd share. SL
Nora Bone
23 May 2018
These share buybacks...your thoughts? I only became involved in GFM late Oct, anyway going further back in time I see GFM have had spurts of share buybacks and to their credit they ultimately cancel the shares entirely. Anyway if any of you go to AGM might ask if this is a temporary thing or more permanent? Are they defending a SP, maybe £1.50p? or are BoD just bored of chucking fistfuls of dollars at each other hahaStill if they do a couple more clips of 25k this month, that's roughly 200k per month, 2.4mm a year - 1.3% of shares outstanding, not mind blowing amount but nice to have going on in the background no?
millwallfan
23 May 2018
Company share purchases Not sure why last couple of purchases as volume very low - not enough to support share price and insignificant if cancelled in terms of shareholder value. However, Shares not cancelled as in previous buyback so only possible reason i can see is for share option scheme for BOD . Any other views?
millwallfan
18 May 2018
Re: AGM - CD Heaven forbid the thought never entered my mind. Please send info in the usual way - a nods as good as a wink to a blind donkey
Chinese Dragon
18 May 2018
Re: AGM - CD MWF.You are not for one second suggesting that I leak confidential information that I might glean from my mate Roger , Are You ?
millwallfan
17 May 2018
Re: AGM - CD How utterly inconsiderate berthing his little boat in your spot causing you totally unnecessary stress and embarrassment . I hope you told him I need no uncertain terms that Tottenham are now the number one London team. I know Roger et al will privately give you the real heads up of where the company is heading - nudge nudge, wink wink, say no more, say no more.
millwallfan
17 May 2018
Re: From BRWM Portfolio Update Worth a Read Fair comment on miners generally but we all know GFFM does not now fit the 'norm' as there can be few established mining companies who are totally debt free, generating significant surpluses, have spare capacity ready to expand up to double and the potential of a new licence to facilitate such. There are really only two major risks, commodity prices (esp zinc) plummeting and , heaven forbid, a major mining accident. Without a licence announcement we are probably in a trading range between £1.45 and £1.65 from now until interims in July.
whatsupnow
17 May 2018
From BRWM Portfolio Update Worth a Read Strategy and OutlookAfter two strong years, investors that have not been exposed to mining may now be questioning if they have missed the opportunity. We are, however, still a long way below the peak in 2011 and the sector continues to trade at a valuation discount to broader equity markets. Meanwhile, the miners are trading on very attractive cash flow multiples with Glencore, BHP Billiton and Rio Tinto all currently trading at forward free cash flow yields of around 10%, for example. For the mined commodities, in most cases, we believe they look reasonably fairly priced and so our base case is that they remain relatively range-bound at current levels which sees healthy profitability for the sector. Crucially, however, mining equities are still pricing in commodity prices well below current spot prices and, as such, we are constructive on the shares but neutral the commodities themselves. Many still distrust the miners, expecting them to make the same mistakes of the past in terms of poor capital discipline. Our view though is that the pain of the recent down-cycle is still too fresh in the minds of management teams for this to become a widespread issue in the near-term. We have begun to see moderate increases in sustaining capex announced but we believe for the most part these have been necessary increases rather than indicative of a widespread return to poor capital discipline.All data points are in GBP terms unless stated otherwise.
Chinese Dragon
17 May 2018
Re: AGM Greetings Fellow Posters & Shareholders Sorry for the delay but you would never believe that the internet connection on my Super Yacht " Roaring Dragon " has been down for the past few days, as I currently steam towards Bermuda for the AGM what lengths I go to for you guys is unbelieveable , all donations in a brown envelope greatly appreciatedNow heading in the direction of Bermuda however at my last stop over I was not best pleaesd as some Russian guy (who I had never heard of ) I understand he owns Chelsea FC had taken the prime berth extremely anoying but these are the sort of problems I incure on a daily b
hanser
16 May 2018
Re: Something brewing ???? MFW I strongly share your sentiment.
millwallfan
16 May 2018
Re: Something brewing ???? Hansen. Well I for one sincerely hope they do not divert surplus funds to long term project investment as at age 62 I want decent dividends in return for my many many years holding - and I'm sure there are many other lth's in the same mindset.
