Mr Ninkov ... I have long thought you have built a super company, however as a small holder don't you think it time some attention was paid to the share price.

With $90 mil in the bank at this price surely you are in danger of being swallowed how about an increased dividend or at the very least a statement or two, by backs do not increase share prices. Market conditions are of course difficult but the present price is ridiculous.

I understand your frustration but it is the same with 99% of Aim stocks.
Many PI's are trapped in these shares and the MM's have no intention of letting the sp increase because if it does, people will lock in profits and the MM's don't want the shares, simple as that.

It has nothing to do with the company and it's prospects. There is nothing they can do at. All Aim and small caps will be sold off until the market environment improves and there is more liquidity around.

the moral of the story is once we get into a bear market sell all your small shares and stay away unless you want to day trade them of course. In this market all good news is ignored and the sp is hammered on any bad news.

So you see, not really anything the respective companies can do.

dealer ... many thanks for your helpful reply, however wouldn't an update or two make us feel we still had an operating business and might even improve the price.

selling small shares and staying away was very good advice.

tipton

what happened here? ..... this isn't a stock i really follow, but always thought it was a good little producer with a future

gold and zinc are has beens...tech is the one to be in like NTX

Someone told me only a few months ago that GFM was good buy at around 80p...?!

Check the news folks - production to recommence end of June 2009 - has to be good :>)))

its a long long time from March to June ...... I took this to be negative ..... though prospective take overs probably are more positive

Moving up steadily today, final results due shortly.

Will they keep the dividend at current levels ? that is the question !.

They certainly have enough cash to pay a dividend, cah balances as at 30/6/08 amounted to $84m.

No dividend but the sp is making a great comeback....should be good for the longterm.

Gold mine now open as promised.

One of my recent acquistions which seemed to have lost it's way,good mark up this am.

Tiddler to watch

Griffin Mining dropped p to 37p yesterday, but it could be worth keeping an eye on in the next few weeks. A mystery party is said to be doing the rounds in the Square Mile, approaching the AIM-listed groups larger shareholders to see if they would be interested in selling their holdings for a price of about 50p per share.

A cash rich debt free compamy in China,which has a mine,mainly Zinc but also Gold,Silver and Lead. Opened up at 42p.
cyril

why sell at 50p when this was well over a quid a year or so ago?

Agree but thats the news and has brought GFM back in vogue?
cyril

SP should start moving up on the back of record gold production and rising price of zinc.

Would be happied if the management were to make the market aware. I've been thinking of selling as i'm unhappy about the SPitfire situation,but will now hang on and see what comes of this news?
cyril

New production licence granted.
cyril

Nice One !!

sp has moved up steadily this week in anticipation of fresh JORC update next month, and news they are profitable once more.