Griffin Mining Share Discussion Threads

[jaspoland] 16/2/2016 18:22

Good to see you guys still have your sense of humour. Last 2 posts put a smile on my face.

[alan@bj] 16/2/2016 16:26

Another "Director Shareholding" RNS! I thought it was going to say he'd changed his mind.

[mariopeter] 16/2/2016 15:49

Yes although token it says that there are no underlying problems and so the chart should catch up with the zinc chart with that breakout being very pronounced. 30p on the way near term if the Zn price holds.

[colinvest] 16/2/2016 15:35

Thanks Alan; and if today's little up-tick to 25p can hold at the close, that will be an inconspicuous chart-breakout; and tomorrow's action could be more than interesting, especially for the director who just bought on the open market. Actions speak louder then words ..!! So I've topped up by 50% ..!

[rose_by_another_name] 16/2/2016 14:40

Phoo. I have more that that.

Edit- after the update, he has a few more than me.

[alan@bj] 16/2/2016 14:39

A director buying shares in the open market. Something amiss there, surely?

[mariopeter] 15/2/2016 23:04

Another month where zinc used exceeded production. Tick tock:

file:///C:/Users/PMC/Downloads/ILZSG%20Jan%202016.pdf

[celeritas] 11/2/2016 13:31

I do, can it be mined thats the thing, do gfm have the licence?

[phillis] 11/2/2016 13:26

who remembers this one?

[matt778] 09/2/2016 23:19

..............and the Chinese don't own mines in any other countries?

[ewads] 08/2/2016 09:14

Sooner we get the licence monkey off our backs the better. Fundamentals are still much same re prices/stocks/closures

[celeritas] 04/2/2016 14:50

Thats the issue Charles, so many miners are well down including gfm but why buy gfm when others don't have the same licence issue for their one and only asset. Its a huge asset but no good without a licence.
Surely the key personnel can take it higher and do their job.

[charles clore] 04/2/2016 14:09

Sub 20p would be an acceptable re-entry price for me and that's where it looks like going as people are finding better places for their money.

[rose_by_another_name] 04/2/2016 13:25

I think the key person(nel) are being paid plenty,
but perhaps in the wrong way to incentivise them
(him).

[celeritas] 04/2/2016 10:52

The mine life extension that'll be cut short if the licence doesn't come through.
3 years is pushing it don't you think.
A employee dying is dealt with in months yet a piece of paper that only really says you can keep doing what you have been doing in a adjacent area takes 3 years and counting. Priorities are all wrong.
The upgrade is now useless without that licence, gfm have gone into significant debt to buy out the 28.8% and upgrade the mine.

When you have one mine the licence is vital.
I wonder if the key personnel need to be further financially incentivised, surely paying all that cash before a licence was in hand was beyond stupid.
Just like salmon gums was beyond stupid

[mariopeter] 04/2/2016 08:26

At last Mr Market has woken up. Just need that license and everything would be rosey.

That money paid to the Chinese was for the mine life extension as well.

[phillis] 03/2/2016 17:43

Better news at last

[phillis] 03/2/2016 15:32

Charlie
Haven't a clue what the Chinese are thinking
Which Chinese did you have in mind?

[celeritas] 03/2/2016 14:35

The deal should never have been done until the licence was safely in gfm's hands.
Key management have failed the company in this respect.

I do wonder about the jv partners, gfm paid them some £75m for 28.8% of their stake back in 2012, currently that 28.8% is worth £27m more than the entire company. Since then gfm have spent a fortune on expansion but are still unable to make use of it as the pending mining licence is still lost in the post, going on for 3yrs now.

I'd imagine those 30p option holders are wondering how to cancel them and issue new ones at 20p, it's not like they haven't done it before.