Griffin Mining Share Discussion Threads

[ewads] 26/1/2017 07:53

Agree that fundamentals are accelerating at a pace in zinc miner's favour.
Licence would really give this a boost! Difficult to oppose 60p in near future.

[bunlop] 25/1/2017 22:13

Lots of zinc will go into the Wall. LME zinc stocks seem to be falling at a faster pace now. Hope every day now for a sharp move up in GFM share price through the 55p resistance but I do question if the licence will ever be forthcoming!

[mariopeter] 24/1/2017 15:20

Production undershot demand in November for both zinc and lead.

Zinc stock on LME turning south as you would expect in an oncoming shortage.


file:///C:/Users/User/Downloads/ILZSG%20Jan%202017.pdf

[rose_by_another_name] 20/1/2017 08:25

Does Griffin export? I thought China restricted
exports of zinc. Anyway, they sell concentrate to
local smelters rather than deal in the metal.

I think the currency the debt is denominated in
might be more important. The metal is priced in
dollars on the world market, so a devaluation would
make it "worth" more in Chinese money, but when
that is converted back to dollars or pounds for the
balance sheet, it will be a wash. Maybe bring down
local costs in dollar terms?

[colinvest] 20/1/2017 02:14

Next week could see some Chinese fireworks in the financial markets, after China bites the bullet and devalues the Yuan by 35%; - maybe good news for exporters like GFM ?

[colinvest] 18/1/2017 14:58

The longer the share price stays at 55p, the greater the leap out from this resistance level. Should be well worth waiting for !

[up just a little bit] 18/1/2017 11:10

A concerted Flurry of buys just then........

[up just a little bit] 13/1/2017 10:47

What was all that about?

[colinvest] 11/1/2017 12:38

After several weeks of consolidation in the 53-55p area, GFM may have awakened from its hibernation, with green SAR's appearing on most time-frames on the chart, to indicate a re-rating of the shares. Up 0.75p this morning on increased volume, this small step in the share price could herald a giant leap for faithful followers !!

[bunlop] 10/1/2017 13:12

Price of Zinc on the move up again.

[trawl] 19/12/2016 22:44

zinc price was 70 cent last dec
now 1.17 griffin is probably going to hit 20k ton
approx 17.5mil pounds at 1.1dlrs nearly 19mil dlrs
gold silver and lead also approx 13 mil dlrs thats 32
deduct costs of 15 mil i think its profitable
all just guessing of course debt to be paid
so next results should be very informative

[rose_by_another_name] 19/12/2016 15:13

Yike. Has someone found a substitute for zinc?

[up just a little bit] 07/12/2016 12:15

All we need to do is spot one of those flying pigs and the dividend will arrive

[trawl] 07/12/2016 12:12

the more important metal as regards griffin is zinc
it has gone from 70c to mid 120 thats a 60% increase in a year
with increased production and expansion costs at an end it looks positive

[rose_by_another_name] 07/12/2016 11:54

hxxps://conservativedailypost.com/breaking-trump-moves-to-abolish-the-federal-reserve-and-institute-gold-standard/

And lots more if you do a search.

[rose_by_another_name] 07/12/2016 09:37

Trump has said he is going to abolish the Federal
Reserve Bank and put the USA back on the gold
standard. If he does (and who knows?), I would
expect the price of gold to be affected, but how?
Would China try to turn in their dollar debt for
bullion? Would the dollar rise in value, making gold
cheaper in dollar terms? Would other currencies be
forced to follow suit? Would the pound be sterling
again?

[rose_by_another_name] 02/12/2016 08:36

Historically, the directors have exercised the
options and sold the shares right away.

[rmjones] 01/12/2016 18:20

Its all Monopoly money unless they sell them - haven't seen any sign of that.

[trawl] 30/11/2016 23:29

the directors have 5mil options at 40p and 20mil at 30p
i think a profit of 4.8 million at current price is very nice
add that to the salary lottery win comes to mind

[buster18] 30/11/2016 19:08

doubt it !far too generous :)

[up just a little bit] 30/11/2016 16:07

Christmas present to his wife.

[buster18] 30/11/2016 15:37

Must be Ninkov dipping his toes in at last

[up just a little bit] 30/11/2016 12:44

1 share bought @ 54.7 at 12:28?