Griffin Mining Share Discussion Threads

[trawl] 21/4/2016 23:47

zinc gold and silver all up

[mariopeter] 18/4/2016 08:54

For your education, your statement about net assets per share and script dividends was of insignificance compared to the impact a dividend would have on the desirability of the share pushing the market price up.

[mariopeter] 18/4/2016 08:39

Phillus a glass of water is to complicated as Fillus is to an expert in public relations or to some sort of expert in financial management.

[jaspoland] 16/4/2016 12:16

I'm now firmly in an accumulation phase buying GFM on any weakness. I expect zinc to continue to recover back towards $1 this year with Zinc stock on LME to continue falling. I'm expecting GFM to hit 40p within 12months and possibly higher if licence awarded.

GLA

[phillis] 15/4/2016 13:30

As an investor this then is your problem
It is pretty basic

[newforestlad] 15/4/2016 13:15

Buywell.....Monday will be the key day in this current cycle.

[mariopeter] 15/4/2016 07:50

Phillin

Could not disagree with you more on the script dividend.

[ukgeorge] 15/4/2016 07:45

Looks like these will be opening at 26p

[trawl] 14/4/2016 23:04

results are better than i expected
zinc and gold prices have improved
production seems to be increasing
if new licence arrives we are seriously undervalued
still not happy with keynes you are a director
or a consultant not both

[phillis] 14/4/2016 18:15

Marion
A scrip dividend does nothing whatsoever
It leaves shareholders owning the same portion of Net Assets as before
Doh!

[newforestlad] 14/4/2016 14:22

Buywell......you couldn't be more wrong. Out of interest what indicators are you using? I'm seeing the complete opposite.

[rmjones] 14/4/2016 14:11

Griffin Mining Ltd 27% Potential Upside Indicated by Panmure Gordon

Posted by: Katherine Hargreaves 14th April 2016

Griffin Mining Ltd with EPIC/TICKER LON:GFM has had its stock rating noted as ‘Resumes’; with the recommendation being set at ‘BUY’ this morning by analysts at Panmure Gordon. Griffin Mining Ltd are listed in the Basic Materials sector within AIM. Panmure Gordon have set a target price of 30 GBX on its stock. This would imply the analyst believes there is now a potential upside of 27% from the opening price of 23.63 GBX. Over the last 30 and 90 trading days the company share price has increased 0.129999999999999 points and decreased 2.12 points respectively.

[celeritas] 14/4/2016 13:50

I expect insiders will move the price before any licence is announced.

[rose_by_another_name] 14/4/2016 13:05

The problem with waiting for the licence to be
announced before buying is that it will instantly
be priced in. Many will regret having missed the 21
pence one-day bargain rate.

[rmjones] 14/4/2016 12:13

I agree the results are good(ish). With rising zinc prices, even without the licence (bar a catastrophe) 2016/17 should produce a much better set of results. The licence would/will be a bonus.

[celeritas] 14/4/2016 10:53

I maintain it's not an investment until that 3 year wait for the licence ends.
3 to 9 month wait then no problem, 3 years makes you wonder if it's ever coming through. It also makes you wonder what games are being played here.

[thomasthetank1] 14/4/2016 10:38

Read Panmure's note on Griffin Mining (GFM), out this morning, by visiting hxxps://www.research-tree.com/companies/uk/typical_mining/griffin_mining_limited …
“Griffin Mining has today published its FY2015 preliminary results that lay bare the issues faced during what was a tumultuous year. Despite the well-publicised negatives the company has indeed made some significant strides in improving the overall operations at Caijiaying. We remain cautious over the timing for the new licence award, but believe that upon a successful conclusion Griffin offers investors an attractive opportunity to benefit from the positive fundamentals in the zinc market…”

[buywell2] 14/4/2016 10:12

Chart now has 20p in view

[mariopeter] 14/4/2016 10:05

LOL Trawl who uses words from the latest SRO RNS.

These results are actually pretty good and I sense the dogfight that went on to keep the picture reasonable. The gradient of the slope against was pretty steep in 2015.

Also impressed with the continued good relationship with the local council so perhaps that license will come after all. There is good news on resources and looking to even further expand but I have to say they better plan that with dividends being paid. Script dividends would do the job ie enable the Company to keep the cash and satisfy investors.

Cash generation seemed to be exceptional with $17m being paid out on assets and still we were up in the bank. I hope that fixed asset investment stops for a while now that we see resistance or reluctance for planning permission from the local authorities.

All in all well done to the BOD and I think 2016 should be much easier.

Finally, I do hope worker safety is a massive priority and have no doubt it will be now.

[trawl] 13/4/2016 21:59

hopefully getting the new licence wont become a himalayan job

[rose_by_another_name] 13/4/2016 14:33

Zinc prices seem to be on the bounce anyway.

[alan@bj] 13/4/2016 13:54

It'll just be the same old stuff anyway. Poor production, poor zinc prices but they should pick up in the future maybe, perhaps, not really sure when,trying to get the licence we need from the very trying Chinese. etc, etc.

[rose_by_another_name] 13/4/2016 10:46

It was April 17th last year, May 12 the year before.

[ukgeorge] 13/4/2016 10:42

the finance director, rang them last week

[rose_by_another_name] 13/4/2016 10:22

Who told you that?